To invest in Bursa Malaysia, we need the service of brokerage firms. What exactly is a brokerage firm?
Quoting Investopedia:
“A brokerage company’s main duty is to be a middleman that connects buyers and sellers to facilitate a transaction. Brokerage companies receive compensation by means of commission once the transaction has successfully completed. For example, when a trade order for a stock is executed, an investor pays a transaction fee for the brokerage company’s efforts to complete the trade.
(Investopedia Definition Link)”
In short, they are the agents that help to bring buyers and sellers together. Without them, a transaction can never be completed. They are essentially the intermediaries. Before you are allowed to trade in Bursa Malaysia, there are procedures to be completed and documents to be signed. After that, you will have a trading account with the respective brokerage.
Once you have the trading account, you basically have two options to execute a trade. You can call your dealer/remisier to instruct them to execute the trade or you can execute it through the online trading platform. Obviously, the second option will incur a lower brokerage fee than the first and I strongly suggest you to employ this method.
Brokerage firms
There are 30 such companies in Malaysia listed in Bursa Malaysia website (Link). Below is the complete list as on 21 March 2018:
* Not for retail investors.
# Not sure if it is open to retail investors.
** Not sure of the currency used.
Comments
Each company has different online trading platforms. RHB and Kenanga even have two such platforms. You can easily find comparison between the platforms by googling. iMoney (Link) provides such comparison. You should check it out. Nonetheless, the table may not contain latest promotions from some companies. So, you should also get information from their official websites.
I will recommend you to use the platform with the lowest fee. Otherwise, you can try a few of these platforms and choose the one that you like the most. Nonetheless, do remember that the fee can significantly impact your returns.
Currently, I am using RHB TradeSmart. I am sticking with it primarily due to familiarity. Perhaps I should switch to a lower-fee platform in the future. So, that’s all about brokerage firms in Malaysia. Given the large number of brokerage companies that we have, it is always possible to find one that suits you the most.
Comments
I’m Junn, from UOB Kay Hian.
For Cash up-front & Collateralize Account
As low as just ** 0.1% or MIN RM 8 ** brokerage fees
*** not require any special T&C, applicable for all.
Other than competitive brokerage fees, we also provide additional value to the users:
1) SEMINAR (physically / learning online)
– A to Z training from platform training to fundamental or technical analysis seminars.
2) Private WhatsApp group providing trading ideas.
3) Foreign markets accessible (US, HK, SGX)
4) Robot orders (Stop Limit & Limit if Touch)
– System help execute orders while you’re working.
5) EXTRA TECHNICAL ANALYSIS TOOL
– Technical Screener & real-time charting software.
6) RESEARCH REPORT (covered US, HK, SG, M’sia market)
– From whole market, sector, to particular listed company.
7) IDSS (intraday short selling)
6) Provide 2.38% interest per annum in trust account.
Never ask never know, any inquiries please WhatsApp me via: http://www.wasap.my/60162413687/myfintalk or call 016-2413 687
Happy trading/investing.
Author
Hi, Junn.
Thanks for the information.
would like to know more opening a trading account
Author
Hi, Peng Tein.
I am not too sure about what you mean. Do you mean the process or?
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