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 MIDF Invest Platform

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encikbuta
post Jul 7 2021, 12:37 PM

Getting Started
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Junior Member
275 posts

Joined: May 2020
From: Kuala Lumpur


oh cool, another local non-banking platform beat FSM in the race to offer NYSE brokerage! am i missing something or does the fees doesn't seem all that bad? I'm interested to use this to buy and hold ETF for the long term:

- 0.06% p.a. custodian fees - for RM100,000 total asset value, they will charge RM60 per annum only? not bad right?

- 0.40% for each trade (minimum USD5) - ok yea this one will hurt. so maybe what we can do is just gather about RM2000 before making a lumpsum trade? so i would get hit with about 1.25% trade fees only. Not too bad compared to mutual funds.

let me know if i got any fee or calculations wrong. this seems like a better route for people like me who are paranoid about opening overseas account to fund the more reputable brokers (tiger, moomoo, tsg ibkr, etc). anyway, i'm holding out to see if FSM can provide a more competitive rate when they finally allow overseas trading smile.gif

 

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