Clearing fee 0.03% and stamp duty 1.5 per RM1k .
If u buy share worth RM10k  ur charges is around RM2X already .
0.05% brokerage normally is CASH upfront account only , which brokerage u using ?
And check ur contract note la , it got show how the charge come into it

If u are talking a bout klse then look at this chart
https://klse.i3investor.com/web/hti/brokers
depending on ur trading vol, the rates differ

Check contract note/receipt , crop and show us the charges part thn we will know

That "brokerage amount" already written min RM40 ?
And i think tat Clearing Fee shd be 0.03% standard .
Try ask ur fren he open what account for u , i think urs  is "collateralised" not "cash upfront"  .
If u using cash to buy thn ask ur fren switch the acc to cash upfront for u .
Lower brokerage rate normally only for cash upfront acc

Im using Maybank cash acc , so far so good . It is direct CDS acc , can subscribe IPO .
Can try Rakuten but i think Rakuten is nominee acc canot buy IPO .

You want cheapest go with mplus.

Pick one. No need pick so many.

i'm using mplus and rakuten and the stamp duty charges not same. the stamp duty is RM1.50 for every RM1000.

if i buy share cost RM2500, rakuten charge me RM3 but mplus charge me RM4.50.

may i know how to calculate stamp duty? i thought it is standard