Newbie here as well.....

Therefore, it is recommended to open an direct cds (M+) instead of nominee cds (rakuten)

Direct

Yes, Im using M+, direct CDS. Actually I don't really care direct or nominee since I don't hold stocks for long (i.e generally not more than 2 years), but the low fees form M+ actually attracted me. If you want to open up an M+ account can let me know. I can ask the processing team to reach you out directly. Processing is fast and foc.

Source: http://nomoneylah.com/2019/06/30/stock-trading-account/

Bro, thanks alot.... Yeah I'm interested in the M+online and I noticed their nearest branch is at SS2 (which is where I'm staying)... Really appreciate if you could introduce someone who could reach me directly as my schedule is quite pack during weekday (believe we need to go to the nearest branch, meeting up for account creation)

Yeah I read that info as well, it is very informative and thanks!

You may reach out the following page and get your things registered and the PIC will reach out to you for documents to be executed.

https://klse.i3investor.com/jsp/partner/my/mplus.jsp

mplus account in klang valley need open in branch? Or can open like online like rakuten? Without needed to go branch

Need to go to branch.

i just submit online.
seem everthing upload there, ic/bank statmeent/ bank in rm 11 for cds account.
they said will approve within a month

This post has been edited by tiongkeat: Jun 1 2020, 09:34 AM

Maybe this is new process for MCO. Last year still has to go to branch. 1 month is damn long tho..

yaya meantime i use rakuten lol

If buying oversea stock cannot use direct CDS?

How do I transfer my portfolio from Rakuten to M+?

Nope. CDS only for Malaysian stock.
Overseas stock is always custodian.

If you want those direct you need to fly there open account with their local brokerage or mail them the the opening form /email them if they allow email.

i see, i got it now. So if buy malaysia stock and overseas stock, we will need both CDS and custodian.

Hi, I am interested,can I have the contact of the processing team?

Hi, PM-ed you the name and contact number of the PIC. That PIC is my relationship manager, so I guess to share his contact # with you (or anyone interested) personally.

p/s I've been using M+ for years and their app is really easy to use in my view.

I have HLeBroking nominee account, but planning to open M+ Direct Account for IPO application.
My worries is how to handle the Paperwork on Corporate Exercise, will the M+ inform me when action needed? Is it complex to handle?

How do you open a direct CDS account? Can you do it online?