Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 What is the best online broker malaysia?, opinions

views
     
Ramjade
post Feb 5 2017, 11:13 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(BacktoBasics @ Feb 5 2017, 10:42 PM)
hey guys, which online stock broker that has the lowest brokerage fee with lowest minimum fee at the moment?

I am new to trading and I am looking at probably RM1000 to RM 10,000 trades
*
See here http://klse.i3investor.com/jsp/hti/brokers.jsp
Ramjade
post Feb 23 2017, 12:11 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(coolguy99 @ Feb 23 2017, 11:58 AM)
HL ebroking offers the following broker rate.

0.00  -  100,000.00  :  0.420%
100,000.01  -  500,000.00  :  0.350%
500,000.01  -  Max  :  0.210%

is there a broker with better rates out there?
*
https://www.mplusonline.com.my/macsecos/get...oducts/m-silver
Ramjade
post Mar 11 2017, 07:27 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(lowya @ Mar 11 2017, 03:47 PM)
any review on broker M+ appreciated.
*
Read back the whole tread. Got good review.
Ramjade
post Mar 11 2017, 08:15 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(gark @ Mar 11 2017, 07:39 PM)
I am using, so far so good. No complaints.

Less research than other full service broker, and DIY account.

The 0.05% rate is applicable only if you trade >30K per trade otherwise it is 0.08%
*
Still way cheaper than SG broker sad.gif
Ramjade
post May 2 2017, 05:58 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(KKKKKK123456 @ May 2 2017, 05:08 PM)
Hi all,
Im new here and i would like to learn the investment also and i want to open M+ a CDS account, what can I do? any M+ remisier here, please pm me.
as Im new in this field, can i know you guys talk about the tools is for what use? is it if I gt a CDS account then i can use those "tools" by online login ?
another questions, we need to pay any annual fees after register a CDS account?
*
What's there to PM? Just fill up the form here
https://www.mplusonline.com.my/macsecos/Reg...r.asp?regtype=A
Alternatuvely, download the forms and print it then post to them
https://www.mplusonline.com.my/macsecos/openacc.asp

Tools use to screen for stocks based on criteira you set. Dividend yield, PE, EPS, debts to equity, etc
There are also tools for charting where they provide chart so you can analyse when to go in and when to exit (useful for traders)

CDS doesn't provide those tools. They are just "storage". Usually your broker is the one who will provide those tools.

No annual fee. You pay RM10.60 one time only for opening account.

FAQs about M+
https://www.mplusonline.com.my/macsecos/get...nu.asp?Page=faq
Ramjade
post May 3 2017, 09:36 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(nanan75 @ May 3 2017, 09:21 PM)
Can share your remisier contact?  I wanna open acct also
*
See reply above on opening account.
Ramjade
post May 5 2017, 03:33 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(KKKKKK123456 @ May 5 2017, 03:24 PM)
The 2nd way seem like more complicate, can I dont use that way?
I Just fill in the 1st link you provided then wait they send back the email to me to activate the account? I had registered in the 1st link but nothing happen. what should I do now?
Thanks for your reply anyway.
*
How do I apply to M+ Online?
You need the following to trade online:
(i) Register with M+ Online at https://www.mplusonline.com.my
(ii) Visit our nearest Branches to complete the Trading account and CDS (Central Depository System) account application forms. As per Bursa Malaysia guidelines, you are required to be present before a licensed dealers’ representative or an authorised officer of Malacca Securities Sdn Bhd who will witness your application. Alternatively, you may choose to sign before a Notary Public as a witness.

This post has been edited by Ramjade: May 5 2017, 11:39 PM
Ramjade
post May 24 2017, 09:59 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(Properlog @ May 24 2017, 09:46 PM)
Thanks for ur reply. Is Kenanga and M+ Reliable?
My friend recommend me HLE Broker?How
Was it bro? The charge is much higher compare to M+?
*
See this
http://dividendmagic.com.my/malaysia-stock...ers-comparison/
Ramjade
post May 25 2017, 12:47 AM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(Properlog @ May 24 2017, 10:22 PM)
Thanks...will compare this...but the charge seem no much different at 0.05 and 0.1% if for small amount. Still more concern about reliability and user friendly. Any recommendations or what you use?Bro
*
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+

This post has been edited by Ramjade: May 25 2017, 12:49 AM
Ramjade
post May 25 2017, 11:22 AM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(Properlog @ May 25 2017, 09:53 AM)
Thanks for ur input yup😄
Confused on why choose HLe if looking for high interest rate?lol
Btw, Malaysia broker can trade on foreign stock?
*
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
Ramjade
post May 25 2017, 03:09 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


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 😊
*
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
Ramjade
post May 25 2017, 06:23 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


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
*
As long as regulated by BNM and SC, semua boleh. Btw, M+ is one of the oldest broker in malaysia.
Ramjade
post May 25 2017, 07:00 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


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?
*
Established since 1963 whistling.gif
http://malaccasecurities.com.my/contact-us/branches/
Ramjade
post May 26 2017, 01:34 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(hsifoong @ May 26 2017, 01:30 PM)
Thanks! Can point me where for the demo trading?
*
Which market you want?
Ramjade
post Jul 13 2017, 05:17 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(gonzalo20 @ Jul 13 2017, 04:06 PM)
people said the broker fee is expensive. is it true?
*
Just use anyone of these. All same price min price unless you buy a lot.
http://dividendmagic.com.my/malaysia-stock...ers-comparison/
Ramjade
post Jul 31 2017, 12:05 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(lihongmint @ Jul 31 2017, 11:29 AM)
how is it calculated?
minimum and in percentage
*
For M+,
Brokerage fee of 0.05% per contract or minimum brokerage at RM8, whichever is higher.

Which means 8/0.0005 = RM16000
Anything <=RM16k, you pay only RM8. Even if you buy RM100 worth of stuff, that's RM8 = 8/100 = 8%
If you buy RM20k, you pay RM10.
Ramjade
post Jul 31 2017, 03:03 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(lihongmint @ Jul 31 2017, 02:31 PM)
this is for day trade only?
let's said I accidentally hold a share more than a day, how much it cost?
*
The above is for buy/sell transaction. I think you pay once. If day trade, better you ask them.

This post has been edited by Ramjade: Jul 31 2017, 03:06 PM
Ramjade
post Oct 7 2017, 09:37 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(nanan75 @ Oct 7 2017, 09:20 PM)
Is this rate for cash upfront?
*
Yes.
Ramjade
post Feb 27 2018, 09:15 PM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(Tylerlee @ Feb 27 2018, 08:20 PM)
Hi guys,

I'm currently using Maybank brokerage account and I'm not satisfied with their platform, the plateform can only buy and sell and not much I can do on the platform.

I'm planning to open a brokerage account in Singapore. Few questions to ask:

1) Can a Malaysian open brokerage account in Singapore and trading via Singapore? (I think can but need confirmation)

2) If can open trading account from Singapore, what is the recommended platform to go to?
What I'm looking for is acceptable brokerage fees, access to technical analysis, able to perform day trading.

3) Do I need to go to Singapore personally to open an account?

Many thanks.
*
1) Yes.
2) Cheapest brokerage (buying)
INteractive broker
DBS Vickers (S$5)
Maybank KE prefunded (S$10)
FSMONE (S$10)

Cheapest brokerage for selling
Interactive broker
Maybank KE prefunded (S$10)
FSMONE (S$10)
DBS Vickers (S$25)

Only downside with interactive broker is there is min monthly fee of USD10 if your commision didn't come up to USD

3. For Maybank KE, no need. Can mail them with all the photocopied documents verified by commisoner of oath. For FSMONE, just open account online. Not sure how's the process for Interactive broker.
Ramjade
post Feb 28 2018, 10:18 AM

20k VIP Club
*********
All Stars
24,382 posts

Joined: Feb 2011


QUOTE(duplicated @ Feb 28 2018, 09:35 AM)
Thanks for the info.

You mentioned cheapest brokerage and the commissions are quite low. Does the commission, for example "DBS Vickers (S$5)", includes everything like gst, stamp duty etc?
If yes, then it could be cheaper than some of our Malaysian brokerage.
So, is it possible that Singaporean brokerage could be cheaper than our Malaysian brokerage?
*
No. That's just brokerage commission. Stamp duty everything all extra like S$1+.

It's cheaper for SG stocks but not for Malaysian sticks. Same like here. Local Malaysian brokers offer cheaper price for local stocks and more expensive for foreign stocks.

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0270sec    0.38    7 queries    GZIP Disabled
Time is now: 13th December 2025 - 03:24 PM