Bursa Malaysia stock exchange is a fully integrated marketplace where investors have access to a wide array of financial products and securities including futures, options, shares etc. Bursa Malaysia has a two-tier model. Here well established and large capitalized stocks are listed on the main exchange while small and emerging companies are listed on the ACE market. Securities Market Commission is the regulating agency for controlling the activities in the market. This agency is self-funded and is responsible for developing rules and regulations in the bursa market.
How to Start Trading in Malaysia
In order to start trading in Bursa Malaysia, you need to open a trading account with a participating agency. Additionally, you also need an account with the Central Depository System (CDS). This CDS account has an electronic book-entry system that is used to record, maintain and keep track of the shares purchased and ownership transfers. Your broker will help you to enter orders via Automated Trading System (ATS)
What To Look For in an Online Broker
Once you open an account with a broker for trading, there are several characteristics that you should look out for -
#1. Exchange and Regulation Membership
All brokers doing business in Malaysia are required to register with the Securities Market Commission (SCM). This gives them the authority to operate in Bursa Malaysia after which they can execute trades on the stock market.
#2. Trading Platform
A broker should have an online trading platform where you can post orders and get confirmations on your stock orders. This software should be easy to access and use. You should also be able to easily customize your orders on this software to trade easily.
#3. Commission and Fees
Your trading style defines your commission and fees. This can make a big difference in your profits. Intraday traders should look out for low commission accounts. This Malaysia intraday stock pick will be helpful to you in all your intraday trades in the Malaysian market.
#4. Customer Service
An online broker with good customer support is a big plus. The broker should be able to immediately execute your trades or give advice to you as the market fluctuates. This is really helpful due to the volatile nature of the stock market. A broker should also give you some good Stock Tips Malaysia to generate good returns on your portfolio.
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