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 Q&A on Stock Market V2, General Question On Stock Market

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BaLs
post Nov 2 2015, 01:15 PM

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From: Davenport,Iowa



Hi All,
I'm new stock investing and currently living abroad. I'm thinking to buy some Malaysian shares as long term investment for dividend.

Is there any online Malaysian stock broker that allow us to open investment account online without the need of physically presenting yourself.


BaLs
post Nov 2 2015, 02:24 PM

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Junior Member
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Joined: Dec 2007
From: Davenport,Iowa



QUOTE(Pink Spider @ Nov 2 2015, 12:24 AM)
Account opening with broker can be done online

But for opening CDS account (go google what is CDS), needs someone from the broker firm or a Notary Public to witness your signing.
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Thanks for the prompt reply, what are Online sites that provide online account opening facilities?

When you mention CDS do you meant certificate of deposit?

This post has been edited by BaLs: Nov 2 2015, 02:29 PM
BaLs
post Nov 3 2015, 02:28 AM

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From: Davenport,Iowa



QUOTE(Pink Spider @ Nov 2 2015, 01:34 AM)
Central Depository Sxxxxxxxx

The stocks that u bought thru your broker are "deposited" in CDS account opened under your name with Bursa Malaysia. CDS account opening forms signing must be sighted by broker/Bursa rep or by a Notary Public.

Or u could consider to open a Nominee account, i.e. the broker hold the shares in Trust for u. That no need sighting, just can open online. Try Hong Leong eBroking
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Does Malacca Securities Trading Account or Maybank trading account fall under this category?
I did some research and stumble upon this
https://www.imoney.my/share-trading

 

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