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What is the best online broker malaysia?, opinions
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HuiChyr
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 Dec 3 2021, 06:14 PM
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QUOTE(honsiong @ Jan 17 2021, 12:07 PM) Have both Rakuten and M+. M+ is better because it's direct CDS, you get to handle corporate action and attend AGMs, also less restriction of what stocks are tradeable. Rakuten has more downtime than M+. Hi, How do you know if your CDS is direct or nominee? Currently, using Apex Trade. The broker fee is too high  Think of moving to M+. Is there a fee to manage the dividend payout? This post has been edited by HuiChyr: Dec 3 2021, 07:15 PM |
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HuiChyr
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Dec 3 2021, 06:23 PM
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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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HuiChyr
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Dec 3 2021, 06:36 PM
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QUOTE(Nom-el @ Sep 16 2018, 06:48 PM) Each CDS account is tied to an individual broker. It cannot be shared among different brokers. So, in order to trade with a different broker / platform, need to create a new CDS account with them. Then, can transfer the shares to the new broker for RM10 per counter. I think it's due to the type of CDS account; DIRECT or NOMINEE. DIRECT means you own the account hence you can just change broker using the same CDS (Direct) account. But for NOMINEE account, you are using the broker's CDS account hence you must transfer all the stocks to a NEW CDS account. The new CDS account depends on your broker whether the allow direct or nominee. |
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HuiChyr
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Dec 5 2021, 08:06 PM
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QUOTE(honsiong @ Dec 5 2021, 03:55 PM) M+is direct CDS, the companies you have shares in directly bank in to your bank account. QUOTE(KanGz @ Dec 5 2021, 12:43 PM) if you can "see" your cds account in bursa anywhere that's mean it is direct cds. Thx for the replay guys |
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HuiChyr
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Dec 17 2021, 10:33 PM
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QUOTE(Davidtcf @ Dec 9 2021, 09:36 AM) I thought malaysia no capital gains tax yet? Right now there's talks on it only: https://www.theedgemarkets.com/article/govt...nesses-windfallNext 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. Thx for the information bro |
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