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 What is the best online broker malaysia?, opinions

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Davidtcf
post Dec 9 2021, 09:36 AM

To the moon!!
*******
Senior Member
3,520 posts

Joined: Jan 2003
QUOTE(HuiChyr @ Dec 3 2021, 06:23 PM)
Just to ask generally, for those DAY TRADERS. Do you report your capital gain for tax? I believe if frequent trading then it's applicable to income tax.
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I thought malaysia no capital gains tax yet? Right now there's talks on it only: https://www.theedgemarkets.com/article/govt...nesses-windfall

Next year stamp duty for buying shares will increase to 0.15 cents though (Bursa) so will hit on your profit as day trader.

Right now concern is FSI.. Foreign income. Starting next year. Not sure if sell shares overseas bring back to Malaysia will kena tax or not. Need to wait bill approved see how.

This post has been edited by Davidtcf: Dec 9 2021, 09:39 AM
Davidtcf
post Dec 29 2021, 01:24 PM

To the moon!!
*******
Senior Member
3,520 posts

Joined: Jan 2003
QUOTE(lynnssssss @ Dec 29 2021, 11:13 AM)
Hi all - i'm new to investment. after read through this thread seems like M+ is the best online platform. i have signed up with M+.

i would like to also have another backup account, prefer to tie with a bank, any recommendation for bank with lowest brokerage fee? hong leong?

thanks!
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Lowest fees is mplus. People go for other brokers is if they want a better interface for trading. Not sure about others which are recommended. Can check Ziet Invest youtube he got do comparison before
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