so here's the question... i allow to obtain module 6 & 7 license by acting on my behalf? & apply job after.... just want to confirm..
will appreciate for the answers..

u need to enquire at SC coz usually those taking m6 and m7 are usually employed and requested to sit for the exams by thier respective companies

Oh my goodness.. is this still a good career in today self-serving trading and investment?
IMO, Remisier/stock broker is a dying breed.

This post has been edited by danmooncake: Dec 25 2012, 09:57 AM

hello ,how about becoming a stock analyst ??bright future?i have accounting degree... wat are criterias that need to be compulsorily fulfilled?

How about a trade where you have $27 at risk - BUT if you hit, you make $486! That is just the kind of thing you can do with binary options!!! Learn More

To be a stock broker, you need to be expert in this sector. so be expert first, then try to do.

Looking for day traders to trade big size accounts

Equitie BP starts from 50k to few m's with perspective to grow.
Profit target 2-4 % per month.
For short period of time traders will have to use a demo platform before they will get a real account.
Steady day traders only.


P.S. Don't write PM

I am only spm qualification...can anyone tell me can i go take the cmrsl for module 6 and 7 test..and usually how long does it take..because my family dont have much money to let me study in college when i finish my spm..so i when to work at 18 and now currently im 23...so i would like to have my career as a fund management,future broker representive..so can anyone please tell me can i take the test?if cant ...than what should I do...Can anyone please tell me, because I am very interest in investment/stockbroking/share trading industrt

Few things to clerify for you:

1. There is no requirement for module 6 and 7 examinations. Any Malaysian can register for the examinations.

2. Module 6 and 7 examinations are one of the prerequisites of CMSRL (usually called dealer's representative license) dealing in securities (stocks). Fund management and derivatives (futures) licenses require different examinations (for futures, either 2 from paper 14, 16, 17 and 18; for fund management paper 9 and 10).

3. You can register the examinations and go take it yourself or register under the dealer (brokerage firm or investment bank) you work at.

4. However, after you pass your papers, when applying for the CMSRL, there are requirements: you need:

a) A recognized degree (in any field) or

b) A diploma in related fields (Economics, finance etc.) or

c) A diploma from Bank Negara Malaysia Institutions or

d) A diploma in any field with 2 years related experience (in capital market) or

e) SPM with at least 4 years experience in capital market (bear in mind that this is subject to SC's consideration, and usually application will be rejected unless there are exceptional circumstances)

5. Here is what you can do: Obtain a related recognized diploma. Part time diploma is accepted as long as it is recognized by government of Malaysia (MQA). You can either get a job in an investment bank while studying for your diploma or get into investment banking after obtaining your diploma. Other than that, you may try to get into investment banking without a diploma and after > 4 years hope your application for the CMSRL will be successful (slim chance)

6. Bear in mind that you need to apply for the CMSRL within 2 years after passing your examinations.

7. Usually fund management positions require more than recognized degree such as professional qualifications (CFA, CPA etc.) and experience. Some even requires post graduate qualifications.

Hope this helps.

This post has been edited by ru40342: Nov 15 2014, 10:14 PM

yeah this really help...so whats is the different between a 1) fund controller,2)fund managment 3) future broker representative 4)financial investment executive....can you explain to me please..thank you

someone please help me, I dont know what the different between a fund (whatever), a dealer representative, a future broker reprensentative? because I am kinda confuse, I want to know which has the brighter future.If someone would explain to me more clearly than I might know which module I should take than

Relax mate here's the difference:

Fund management involve a team of people handling a large sum of money (mutual fund, reit, hedge fund etc.). At its core is the fund manager(s) which act as the trustee of the fund responsible for the decision of the money invested in the fund. The easiest way to understand this concept in Malaysia is unit trust fund (mutual fund). There are various personnel involve in this fund management teams such as fund managers, analysts, sales personnel, compliance etc. Usually those at the core of the team (such as fund managers and analysts) require professional qualifications such as CFA and/or CPA and/or post graduate degree and/or extension amount of experience in capital market investment and asset management.

A future (derivative) broker (dealer's) representative is a licensed sales personnel involve in trading (buy and sell) of derivative products such as indices futures (FKLI, or futures for KLCI index), commodities futures (FCPO or crude palm oil future) or rates (KLIBOR, 3y, 5y and 10y bond rates). Basically derivative dealer's representative (or usually called as futures dealer or futures broker) has the power to buy and sell all futures trading in Malaysia. Entry position for derivative dealer's representative is the same as securities dealer's representative (called stock dealer or stock broker), which require bachelor degree and/or some experience in capital market. I got this position (long time ago) with no experience at all and just a degree.

Dealer's representative (officially securities dealer's representative or CMSRL) is a person can trade securities (shares/stocks) on behalf of others. Basically they are the sales personnel of securities traded in Malaysia. If you work for a dealer (investment bank), you are usually called Dealer's representative or sometimes just dealer but if you has the CMSRL but do not wish to work for a dealer, you can partner with an investment bank and act as your own boss (remisier). Most investment banks welcome fresh graduates for the entry position for DR you do not need much to be a successful DR.

ok thank you for clarify things with me..so is this dealer representative has a better future( career) or a future broker representative have more future

You can do both... dont worry about the exams yet... get the job first... most ppl get the job first before taking the exam... you can work without the license for a period... usually your employer will require you to take the exam and work same time... unless you want to go into business for yourself... then you must have the license already

Once you get the job you can decide which is better for you

This post has been edited by Thradash: Nov 18 2014, 10:24 AM

Both got good future as long as you can perform.

i want a job scope that are like example:i work in maybank investment bank...I find customer through database,than I act as a advisor/consultant to tell my customer which platform are best to invest right now..currency...gold..silver..share market and etc..and I tell customer you will make a large sum of profit but your risk is less than 8%...and the period is not more than 1 month than you can take back the money you invest and earn a large sum of profit(provided customer does not lost money in the invest)..so the customer trusted me and gave me money to invest in my bank...and I ask customer to share a 5% of the profit after he earn the money...but at the same time i too also get my basic salary and 2~3% commision from the bank as well....ok so my question is what is this position that I am looking for as stated here...is it a dealer representive(remisier), a future broker representative or a fund manager...and also which module paper i should take in securities commision exam...Anyone who can help me answer this I would thank him with all my heart...(sorry for bad english hope you guys can understand my word)..thank you

Additional information. Hope this helps.

https://forum.lowyat.net/topic/3169887/+40

Does anyone know if reference materials are allowed for the tests? Rules and Regulations part seems like law students materials!!

if u r referring to Module 19 (Rules and Regulations), it's an open book exam, not that u will really have time to refer anyway

yeah, if you're talking about module 19 (as mentioned by CF above). then it is an open book exam. you have 90 mins for 60 questions.

all open book, 15 guidelines (if i still remember correctly). no worries la, a lot easier than law. very easy to pass only.

good luck...