Are there fees on ESA?

There is no annual management or wrap fee on ESA. That is the main difference from Robo Advisory in fee terms.

What you do pay:

• Transaction fees on deposits — the FPX or direct debit charge from the payment provider, on every deposit.
• The underlying fund's expense ratio — already built into the return you see, not deducted separately.
• FX conversion when moving between MYR and the USD-denominated holding.

So 'no fees' is accurate about the management fee and misleading if read as 'nothing is deducted'. Small, frequent deposits are the situation where transaction fees bite hardest as a percentage.