What is PDT and IVT stand for?

and is it still available to take the license? what are requirements?

what kind of benefits that we get from this license?

What is PDT and IVT stand for?
PDT stand for proprietary day trader the requirement to get this license from Bursa Malaysia the applicatant shall be the degree holder with the 5 years working experience in this industry

IVT stand for investment tranier who are the salary based dealer under investment bank, also known as "stockist" previously, to apply this you only need to talk with the investment bank

what kind of benefits that we get from this license?
Zero brokerage, higher trading limit, intraday short selling for PDT or IVT (IDDS), etc

they are the pro daytraders if they can survive more than 2 years, they work like local member in the derivative market

This post has been edited by asiatrader98: Apr 19 2020, 08:59 PM

I would say this is not entirely true. I learned directly from one of former PDT from JF Apex. He say his income on average is about JUSA C. Which is about 15-25k monthly (no losing month).

And for intraday trader, rarely there is called good/bad times. As long as market is volatile, they can make money, even when market is bleeding because their TP is 3 bid minimum. So, even small retracement can give them a lot of profit.

In order to receive 20k salary, they need to generate profit thrice of their demanded salary. If they Need to prove they able to generate 60k monthly in profit, they will receive 20k salary.

Tbh, its messy job for me. You need to screen a thousands stock and selected fews for trade for less than a day. However his TA is very proven to work in bull and bear market. For me ,better mastering trade FLKI(for non muslim) and FCPO/ Positional trend trader.