Trading platform lets Singapore users invest in fractions of a stock listed on Bursa Malaysia

Quick Summary:

The platform fee is RM0.50 on the UP app, while the commission is RM2.50 for trades below 100 shares.

Bursa Malaysia is one of the more than 150 global markets – which include the United States, United Kingdom, Germany, Hong Kong, Singapore and Japan – that Interactive Brokers clients can trade in.

The platform will offer a group of large cap stocks on the KLCI, said Mr Elgin Ting, group head of strategic partnerships at CGS International, adding that investors will now have more options with fractionalised shares.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaGermanyHong KongJapanMalaysiaUnited KingdomUnited States

Topics: Malaysia Investors Stocks Invest Singapore Platform Account Shares Trade Malaysian Trading

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 19:45:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1059 words

Reading Time: 6 minutes read

Sentences: 46 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23719671

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

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