Friday, June 16, 2017

How to start trading stock in Malaysia.


1.       Basic of procedures.  See below links which explained quite thoroughly.

2.       Picking a broker. Generally, you should go for low commission and  credit facilities.
See links below for comparison of brokerage firms.

3.       Opening a trading account with a brokerage firm , CDS account & trading fees.

4.       Tick Size for stock quoted On Bursa Malaysia
Below RM1.00 – 0.5sens
RM1.00 up to RM9.99 – 1sen
RM10.00 up to RM99.98 – 2sens
RM100.00 above – 10sens

5.       Trading Transaction Cost
a) Brokerage fee + GST 6%

b) The stamp duty is RM1.00 for every RM1000.00 (or fractional part) of the transaction value of securities (payable by both buyer and seller). No GST.
Maximum of RM 200.

c) Clearing Fees : 0.03% of transaction value (payable by both buyer and seller) + GST 6%.
maximum of RM1000.00

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