Be prepared to deposit 10k for it
M+ Global, Buy US & HKD Stocks
M+ Global, Buy US & HKD Stocks
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Mar 8 2023, 12:55 PM
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#1
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4,676 posts Joined: Jan 2003 |
Be prepared to deposit 10k for it
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Mar 8 2023, 09:34 PM
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#2
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4,676 posts Joined: Jan 2003 |
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Mar 9 2023, 04:37 PM
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#3
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QUOTE(ivanpei @ Mar 9 2023, 01:43 PM) What's the difference? Is it using IBKR platform too? rates? Are they holding the stocks on our behalf like Rakuten? Most likely it's going to be on our behalf so it's basically identical to Rakuten. I guess the exchange rates and the fees will be the only difference? Should be the same and competitive unless they are going with Saxo QUOTE(cse.my @ Mar 9 2023, 02:48 PM) Who lipot 🤦♀️Anyway good to have competition hence will bring down the brokerage fees in the future 👏 |
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Mar 9 2023, 05:05 PM
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#4
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Mar 9 2023, 05:22 PM
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#5
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QUOTE(Natsukashii @ Mar 9 2023, 05:08 PM) 1. Should have otherwise they are in trouble 2. If SC regulated only FPX is allowed no cards 🤦♀️ 3. Not possible with fractional shares because it is not cost efficient for their brokerage but wait for 1st Apr to confirm Natsukashii liked this post
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Mar 9 2023, 05:23 PM
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#6
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4,676 posts Joined: Jan 2003 |
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Apr 11 2023, 12:26 PM
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#7
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QUOTE(ivanpei @ Apr 11 2023, 11:12 AM) No information about how the trading is conducted. Who holds the shares? What are the FX rates? The fees don't seem that cheap compared to Rakuten. Rakuten appears more transparent and cheaper to be honest. This M+ Global macam black box, feels dodgy. You registered already?Anyway seems like Rakuten soon will be even cheaper |
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May 22 2023, 06:45 PM
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#8
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May 24 2023, 04:32 PM
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#9
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QUOTE(sai2 @ May 24 2023, 02:14 PM) So their USD Ringgit convert charge like 3% or more, how about Rakuten ? Rakuten cheaper by half of it Half price .. old school way ? what u mean ? Old skool way means buying through local broker from M+ Anyway slow withdrawal as well 🤦♀️ compared to Rakuten same day withdrawal before 12pm QUOTE(Davidtcf @ May 24 2023, 02:44 PM) The max you can get is Apple share worth rm760 🤦♀️ anyway promo already over |
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May 24 2023, 06:10 PM
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#10
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QUOTE(sai2 @ May 24 2023, 05:33 PM) So how they make money charge so low fees 0.08%(KLSE) and 0.1%(US,HK) and still need to pay broker ? I already told you where the hidden fee 🤦♀️ it is from the FX spread plus minimum charge of USD3 not 0.1% so no matter how you have to pay USD3 just in fees 🤦♀️I heard someone said they get charge difference fee. Can i just do without broker ? Any hidden fees ? i'm ok with slow withdrawal, but worry about my money after their government style lousy email support. Rakuten support is fast, but their login website pop-up many spamming message and cannot turn off, so annoying. Rakuten use the app 🤦♀️ the website is horrible anyways and when you choose the broker most important fast withdrawal and cheaper fee |
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May 27 2023, 01:55 PM
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#11
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QUOTE(mot88 @ May 27 2023, 09:55 AM) Does any know is the application for M+ Global include local Bursa CDS account? Is yes, would it be using the same user ID/ password as per M+Global Different account as M+ Global has dedicated app for foreign trading while M+ is for Bursa CDS FYI, comparison of FX spread across different SC approved app as at 26/2/2023, 11pm M+Global : 4.673 (1 / 0.247) MIDF: 4.6565 Rakuten: 4.6375 Google published spot rate: 4.60 For M+ Global, cannot convert into USD without any trade (i.e cannot lock in favourable USD rate for future trade). On the list of trade-able stocks, they are abundant unlike Rakuten. Don’t look at the spread too much 🤦♀️ look at the final price before you buy as they already lumped in USD3 fee into it hence they are double dipping and making through the FX spread |
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May 28 2023, 03:14 AM
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#12
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4,676 posts Joined: Jan 2003 |
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Jun 2 2023, 11:50 AM
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#13
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QUOTE(sai2 @ Jun 1 2023, 04:50 PM) I have the same problem, ask some very simple question by email, and they want all my personal detail before even answer a question, worst than talking to an AI robot. Why bother 🤦♀️ when IBKR is more reliableMplus fees is low, but their customer service is non existence, not dare to put my money inside. Rakuten at least have some helpful FAQ and fast support, make me feel a little secure. Mplus don't support Full list US stock, Rakuten only support 1000+ US stock. What company support ALL US Stock, charge low fees and cheap usd forex exchange ? How about Hong Leong ? |
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Jun 4 2023, 07:16 PM
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#14
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Jun 12 2023, 01:10 PM
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#15
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QUOTE(HellJoker @ Jun 12 2023, 11:30 AM) More reliable than Malaysia brokers 🤦♀️ they are regulated in all major financial hubs in the world so what do you think HellJoker liked this post
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Jun 14 2023, 02:40 PM
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#16
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QUOTE(HellJoker @ Jun 14 2023, 12:27 PM) Do you mean withdrawal? All withdrawal has to go to the same person individual bank account as per SC regulations HellJoker liked this post
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Jun 21 2023, 08:07 PM
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#17
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QUOTE(TruboXL @ Jun 21 2023, 08:14 AM) Zzz got jebaited Because of taxation and regulation purposes 🤦♀️ and you learn the hard way from?M+ Global is separate from M+ Online Why can't Malacca Securities merge the two into one or just have M+ Global to cover Bursa as well? Edit: I learnt this the hard way |
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Jun 26 2023, 01:23 PM
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#18
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QUOTE(TruboXL @ Jun 23 2023, 09:21 PM) the registration process of M+ Global requires me to open CDS account Because SC regulation 🤦♀️ requires you to have a Bursa CDS account before you can open M+ Global because seperate entities due to taxationhttps://www.bursamalaysia.com/trade/trading...pository_system "Investors who wish to trade in securities listed on Bursa Malaysia must open CDS accounts with Authorised Depository Agents (ADAs), i.e. stockbroking companies" So why open when you cant access Bursa stocks in M+ Global? |
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Jul 8 2023, 03:38 PM
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#19
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QUOTE(TruboXL @ Jul 6 2023, 11:49 PM) After back and forth email with support team from Malacca Securities, turns out there's a M+ Online activation email lost in transit during signing up process for M+ Global. They resend the M+ Online activation email and all is good. Finding advice here seems like a bad choice. Never ask advice here 🤦♀️ always go back the platform source of support before asking as no one here would have the access to the platform to give you support Seems like when they activate your account they didn’t do the pairing properly |
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Sep 15 2023, 04:22 PM
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#20
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