try walkin , will be faster. their agents kinda slow

they have so many branches.

https://mplusonline.com/contact-us/

I encounter this line when I'm trying to open a CDS account under M+ online (I'm currently a Rakuten Trade user).

"At the end of the application form you may key in the ‘Dealer Code’ for your preferred Dealer Representative which you may acquire from your Dealer Representative. Alternatively, a dealer representative will be assigned for you if it is not filled. Kindly note that switching of dealer representative will NOT be allowed."

What does it mean and is there any importance as to which "dealer representative" I'll be dealing with?

Did you succeed opening an account?

Hi, can I know how does a direct account (M+) deal with corporate action?

Is it expensive and troublesome?

Currently using Rakuten, thinking to switch to M+ but worry of the tedious process for corporate action.

Hope to get some advice here, thank you.

(Reason to switch: Chances to apply for IPO & better mobile platform)

This post has been edited by Reader2008: Nov 21 2020, 05:36 PM

In terms of mobile platform, I honestly the trophy goes to Rakuten. It is very fluid, intuitive, minimalistic with a modern design. Sometimes less is more.

Mplus desktop app has more bells and whistles than one can ask for, but its mobile app is not as intuitive as Rakuten iSpeed's.

In terms of fees, Mplus is only slightly cheaper than Rakuten if your trade is less than RM10k.

Advantage of Mplus is that you get a direct CDS account; whereas Rakuten gives you a nominee account.

My suggestion is to try both and see which do you like better. I use Mplus for dividend cash cows and Rakuten for growth/speculative stocks.

This post has been edited by skynode: Jan 10 2021, 07:51 AM

hi. if anyone interested in opening mplus cash account(means no margin provided), you can go to telegram and open this channel that provide guides on how to register online.

https://t.me/bukamplusonline

Can Mplus account opening be done fully online?

yes. now can be done fully online. no need to come to branch.

Interesting! Where should I start?

Sharing my experience recently. Applied M+Gold on 11/1 and was approved on 13/1. Started trading on 14/1. I had to walk in as M+Gold cannot do via online.
Was using KenTrade before, both platform very similar and both can view the RSS Vol.

That’s a quick process! Just wondering, how’s the M+ gold you mentioned different from M+?

Is it important for us to view the RSS vol btw?

M+ is used to be known as Malacca Securities, they rebranded it to M+ (M Plus).
They offer 3 types of trading account ie M+Silver (Cash Upfront), M+Gold (Collateralize) and M+ T7.

I only need the Silver. How can I do a full online registration without going to any physical branch?

If not mistaken you can apply thru their official website. Just follow the instructions there.
Do update your application journey here.

This post has been edited by brutus: Jan 17 2021, 10:36 AM

Hi, I am new to the stock market and currently struggling with either using Rakuten or M plus.

From what I know after some research
Rakuten: - Nominee account, user friendly like their mobile apps is better (?), faster response, slightly higher brokerage fees
M plus - Direct account and no need to open CDS account at Bursa Malaysia (?), lower brokerage fees, cover the overseas stock market, bad customer service

Please correct me if am wrong and give some advice for me (prefer value investing (long-term), focus on the local market, only have 2k for investing)

Thank youuuuuu!

1. M+ has higher brokerage fees than Rakuten
2. Both need to open CDS accounts but brokers handle it for you
3. Both do not trade foreign stocks, only KLSE
4. Rakuten cannot trade Gold ETF for unknown reasons, M+ can
5. M+ has less downtime than Rakuten. Rakuten uses some ispeed thing with kenanga and is infamous on lowyat forum for going down often.

Direct account allows you to attend AGM and makan buffet, get door gifts. Use it if you live in Malaysia.
Nominee account can help you handle corporate actions online, only good if you live outside Malaysia.

Does M+ have lower brokerage fees when trading at higher amount though?

Which brokerage account is the smoothest?

whats the difference between m+ silver gold and t7? i still dun understand after reading the overview

Choose silver. Top up $ before you trade, least mistakes made.

Gold and T+7 are for gamblers... I mean margin traders.