what is the best brokers for day traders or traders that trade frequently?
What is the best online broker malaysia?, opinions
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 Jul 27 2017, 11:31 AM
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#1
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164 posts Joined: Jun 2017 
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Jul 31 2017, 11:29 AM
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#2
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164 posts Joined: Jun 2017
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QUOTE(duplicated @ Jul 29 2017, 05:34 PM) Cheapest for capital less than 100k, is MPlus from Melacca Securities. how is it calculated? minimum and in percentage |
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Jul 31 2017, 02:31 PM
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#3
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164 posts Joined: Jun 2017
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QUOTE(Ramjade @ Jul 31 2017, 12:05 PM) For M+, this is for day trade only?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. let's said I accidentally hold a share more than a day, how much it cost? |
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Aug 1 2017, 11:26 AM
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#4
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QUOTE(Ramjade @ Jul 31 2017, 03:03 PM) The above is for buy/sell transaction. I think you pay once. If day trade, better you ask them. ThanksThe rate is good compare with others which cost RM28 minimum and a rate of 0.42% 0.05% is like 1/8 of the normal rate |
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