Bursa Malaysia’s Bursa Anywhere APP allows you to open a stock trading account (CDS). You can easily open a stock trading account from home.
When choosing a stockbroker (ADA), it is important that you understand in detail the transaction fees required. The usual fees for stock trading are Brokerage, Clearing Fee, SST and Stamp Duty. The Clearing Fee, Stamp Duty and Sales Tax are the same for each brokerage house, although the commission can vary considerably.
Here’s how to open a stock trading account through the Bursa Anywhere APP.
Step 1: Search and download the Bursa Anywhere APP from Google Play or Apple Store.
Step 2: Open the Bursa Anywhere APP and click Register to register your account.
Step 3: Enter your ID number, email address and verification code.
Step 4: You will receive a verification code in your email, enter this code in Bursa Anywhere.
Step 5: Enter the required personal details and password.
Step 6: You will receive an SMS TAC, enter this TAC.
Step 7: Complete the Bursa Anywhere account registration.
Step 8: Login to Bursa Anywhere and click on the Options function in the top left corner.
Step 9: Click on Account Opening and click on Agree.
Step 10: Enter the required information.
Step 11: Upload the front and back of your ID card and the Statement photo of your bank account.
Step 12: Select your preferred and second choice of securities firm (ADA).
Step 13: Check the information you have filled in.
Step 14: Pay the account opening fee through FPX.
Step 15: Once payment has been made, the system will show that your application has been submitted to the brokerage firm.
Step 16: The brokerage firm will send you an email notification once your account opening application has been processed.
