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 What is the best online broker malaysia?, opinions

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hsifoong
post May 25 2017, 02:46 PM

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QUOTE(Ramjade @ May 25 2017, 12:47 AM)
Depends on what you want. You want analyst report go for kentrade. According to Vanguard 2015 he said their analysis quite good.

You want high interest rate for brokerage, HLeB not bad.

All broker more or less the same if you are the type for trade say RM4-8k/transaction. If you are the type who trade like rm100k, then yes. It starts to make a difference.

As for me, I don't have a Malaysian broker. Don't intend to buy malaysian stocks. tongue.gif Other country broker ada la.

If I were to choose, I will choose m+
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Sorry for the noob question. I'm interested to buy foreign stocks so can u recommend an online broker account which we can use fr here? Tried registering for 2 just now but not allowed for Malaysian. Wanna try their virtual trading 😊

This post has been edited by hsifoong: May 25 2017, 02:46 PM
Ramjade
post May 25 2017, 03:09 PM

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QUOTE(hsifoong @ May 25 2017, 02:46 PM)
Sorry for the noob question. I'm interested to buy foreign stocks so can u recommend an online broker account which we can use fr here? Tried registering for 2 just now but not allowed for Malaysian. Wanna try their virtual trading 😊
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Depends on which market you want. Most foreign broker require you to mail them a completed set of form + verified documents by commisioner of oath/public notary if you really want to open.

Demo trading no need to sign up.

This post has been edited by Ramjade: May 25 2017, 04:48 PM
Properlog
post May 25 2017, 06:20 PM

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QUOTE(Ramjade @ May 25 2017, 11:22 AM)
High interest on money sitting in your trading account if you are not buying.

Of course can. Pay higher brokerage + let the brokerage eat a part of your dividend if you use local broker to buy foreign stocks. devil.gif
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Got it...just got to know the trading account have earn some interest...👍...since not much different...I think I will go for HLE which look more reliable to me...as it is under Hong Leong bank if compare to Kenanga or M+ which look like stranger for me...lol
Ramjade
post May 25 2017, 06:23 PM

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QUOTE(Properlog @ May 25 2017, 06:20 PM)
Got it...just got to know the trading account have earn some interest...👍...since not much different...I think I will go for HLE which look more reliable to me...as it is under Hong Leong bank if compare to Kenanga or M+ which look like stranger for me...lol
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As long as regulated by BNM and SC, semua boleh. Btw, M+ is one of the oldest broker in malaysia.
Properlog
post May 25 2017, 06:51 PM

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QUOTE(Ramjade @ May 25 2017, 06:23 PM)
As long as regulated by BNM and SC, semua boleh. Btw, M+ is one of the oldest broker in malaysia.
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Appreciate for your info. How to apply the M+ yup? And do they have many branch in Malaysia?
Ramjade
post May 25 2017, 07:00 PM

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QUOTE(Properlog @ May 25 2017, 06:51 PM)
Appreciate for your info. How to apply the M+ yup? And do they have many branch in Malaysia?
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Established since 1963 whistling.gif
http://malaccasecurities.com.my/contact-us/branches/
Properlog
post May 25 2017, 07:06 PM

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QUOTE(Ramjade @ May 25 2017, 07:00 PM)
Thanks Bro!👍
hsifoong
post May 26 2017, 01:30 PM

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QUOTE(Ramjade @ May 25 2017, 03:09 PM)
Depends on which market you want. Most foreign broker require you to mail them a completed set of form + verified documents by commisioner of oath/public notary if you really want to open.

Demo trading no need to sign up.
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Thanks! Can point me where for the demo trading?
Ramjade
post May 26 2017, 01:34 PM

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QUOTE(hsifoong @ May 26 2017, 01:30 PM)
Thanks! Can point me where for the demo trading?
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Which market you want?
LYR
post Jun 25 2017, 12:30 AM

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hi fellow forumers,

for cash upfront accounts, are you able to place new transactions on the same day after previous holdings were sold? for instance, sold RM10K on 24th June and place order for RM10K again right away on the same day?
chiafoo
post Jun 26 2017, 12:29 AM

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QUOTE(LYR @ Jun 25 2017, 12:30 AM)
hi fellow forumers,

for cash upfront accounts, are you able to place new transactions on the same day after previous holdings were sold? for instance, sold RM10K on 24th June and place order for RM10K again right away on the same day?
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Yes , after u sell the stock , tat amount will becom ur cash balance right away .
LYR
post Jun 26 2017, 12:34 AM

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QUOTE(chiafoo @ Jun 26 2017, 12:29 AM)
Yes , after u sell the stock , tat amount will becom ur cash balance right away .
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may i know which broker is that? as far as i know, Affin only allows new transaction after funds was deposited into trust accounts (i.e T+3).
chiafoo
post Jun 26 2017, 12:45 AM

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QUOTE(LYR @ Jun 26 2017, 12:34 AM)
may i know which broker is that? as far as i know, Affin only allows new transaction after funds was deposited into trust accounts (i.e T+3).
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I am using maybank cash upfront . If u wana cash out/withdraw then is after funds was deposited into trust accounts (i.e T+3) .

LYR
post Jun 26 2017, 10:31 AM

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QUOTE(chiafoo @ Jun 26 2017, 12:45 AM)
I am using maybank cash upfront . If u wana cash out/withdraw then is after funds was deposited into trust accounts (i.e T+3) .
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that's how it should be. thanks. smile.gif
chiafoo
post Jun 26 2017, 10:41 AM

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QUOTE(LYR @ Jun 26 2017, 10:31 AM)
that's how it should be. thanks.  smile.gif
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Mb u can try the new platform > rakuten trade , brokerage fees not bad .
LYR
post Jul 8 2017, 12:32 PM

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brokerage is indeed attractive but nominees accounts in which i'm worried about hidden charges for dividends and so on.

by the way, anyone trades via Public Investment Bank?
ngaisteve1
post Jul 11 2017, 12:15 PM

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Just terminated Jupiter Online account. They said my account is inactive. So activate it back, need at least 3 transaction a month. Gila. Any other recommendation for online trading account with low brokerage fee and long validity ?
gonzalo20
post Jul 11 2017, 11:24 PM

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CImb Itrade ok?
cablesguy
post Jul 13 2017, 03:46 PM

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QUOTE(gonzalo20 @ Jul 11 2017, 11:24 PM)
CImb Itrade ok?
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No probs so far, been using for awhile
gonzalo20
post Jul 13 2017, 04:06 PM

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QUOTE(cablesguy @ Jul 13 2017, 03:46 PM)
No probs so far, been using for awhile
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people said the broker fee is expensive. is it true?

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