Documents & Requirements to Open a CDS Account with Mplus: Complete Checklist

Want to open a CDS account but not sure what documents you need? Many people start filling in the online form only to stop halfway because their documents are incomplete — blurry IC photo, unclear bank statement, or rejected selfie.

This article lists every document and requirement needed to open a CDS account with Mplus online. Prepare everything before you start filling in the form so the process runs smoothly without rejection.

Eligibility Requirements to Open a CDS Account

Before you begin, make sure you meet these basic requirements:

• Malaysian citizen — with a valid MyKad identification card
• Aged 18 years and above — if under 18, a Junior Trading Account must be opened through a parent or legal guardian
• Active bank account — under your own name at any Malaysian bank
• Active mobile phone number — to receive SMS OTP during registration
• Active email address — to receive confirmation emails and account documents
• Tax Identification Number (TIN) — mandatory since 2024 for all new applications

Document Checklist

Here is the complete list of documents you need to prepare. Make sure all items below are ready before you start filling in the form.

1. Identity Card (MyKad) — Front & Back

You need to provide a clear photo or scan of your identity card (IC) for both sides.

IC photo requirements:

• Photo must be clear and bright — all text and numbers must be readable
• Do not use flash that causes glare (reflection) on the IC surface
• Ensure all four corners of the IC are visible in the photo
• Do not crop too tightly — leave some space around the IC
• Clean background with contrasting colour (e.g. place IC on a white table)
• File format: JPG or PNG

Common mistakes that cause rejection:

• Blurry or dark photo — use natural light for best results
• IC inside a plastic holder causing reflection — remove IC from the holder before taking the photo
• Cropped photo — ensure the entire IC is visible including corners
• Expired IC — make sure your IC is still valid

2. Selfie with IC (Self-Photo Verification)

This is the identity verification step. You need to take a selfie while holding your IC next to your face.

Selfie requirements:

• Face and IC must both be clear — both visible in one photo
• Hold IC next to your face at chin or cheek level
• Ensure name and IC number on the card are readable in the selfie
• Face must be directly facing the camera — do not tilt or turn away
• Do not wear caps or sunglasses that cover your face (hijab is allowed)
• Sufficient lighting — avoid backlight (light coming from behind)

Tips for a successful selfie:

• Use your phone's front camera (selfie camera)
• Take the photo in a well-lit area with natural light
• Check the photo is not blurry before submitting — retake if needed

3. Bank Statement

A bank statement is required as proof that your bank account is active and as a reference for future withdrawal processes.

Bank statement requirements:

• Statement must be under your own name — name must match your IC
• Front page only is sufficient — you do not need all pages
• Must show full name, bank account number, and bank name
• Statement must be recent — within the last 3 months
• Photo or scan must be clear and readable — not blurry or cropped

How to get a bank statement:

• Online banking — download PDF statement from your bank app or website (quickest method)
• Visit bank branch — request a printed statement with bank stamp (cop pengesahan)
• ATM machine — some banks allow mini statement printing (usually insufficient for this purpose)

4. Tax Identification Number (TIN)

Since 2024, a Tax Identification Number (TIN) is mandatory for all new CDS account applications. This is a requirement from the Inland Revenue Board of Malaysia (LHDN).

How to get your TIN:

1. Visit MyTax LHDN at mytax.hasil.gov.my
2. Click "Register Individual" or "e-Daftar"
3. Fill in your personal details — name, IC, address, employment information
4. Submit the application — usually processed within 3-5 business days
5. Once approved, your TIN will be displayed on your MyTax dashboard

Note: Registering for a TIN does not mean you need to pay taxes — it is simply your tax identification number.

5. Active Mobile Phone Number

Your mobile number is needed to receive SMS OTP during registration, login to M+ Global app, and verify certain transactions.

6. Active Email Address

Your email is needed to receive registration confirmation, activation emails after account approval, contract notes, and periodic statements.

Tip: Use a personal email you check regularly (Gmail, Yahoo, Outlook). Avoid using work email as you may lose access if you change jobs.

Additional Documents (Specific Situations)

Students or Unemployed

• Student confirmation letter from your university or college
• Or bank statement showing active transactions

Self-Employed

• Business registration certificate (SSM)
• Or recent tax return from LHDN

Homemaker

• Bank statement under your own name showing active transactions
• Proof of source of funds if requested

Switching from Another Broker to Mplus

• You can open a new CDS account with Mplus even if you already have one with another broker
• No need to close your existing CDS account — you can have more than one CDS account
• Same documents as standard registration are required

How to Prepare Your Documents (Step by Step)

Step 1: Take IC Photos

1. Remove your IC from wallet or plastic folder
2. Place IC on a clean, flat surface (table, white paper)
3. Ensure sufficient lighting — near a window during daytime is best
4. Take a photo of the front — ensure all details are clear
5. Flip the IC and take a photo of the back
6. Check both photos — ensure IC number, name, and address are readable

Step 2: Take Selfie with IC

1. Open your phone's front camera (selfie mode)
2. Hold your IC with one hand next to your face (chin level)
3. Ensure both face and IC are in frame
4. Take the photo — check the result
5. Ensure your name and IC number are readable in the photo
6. If blurry, retake until clear

Step 3: Get Bank Statement

1. Login to your online banking (app or website)
2. Find the "Statement" or "Account Statement" section
3. Download or screenshot the front page showing name, account number, and bank name
4. Ensure the statement is dated within the last 3 months

Step 4: Get Your Tax Number (TIN)

1. Go to mytax.hasil.gov.my
2. If you have never registered, click "Register New" and follow the instructions
3. If you already have a MyTax account, login and find your tax number on the dashboard
4. Note down your TIN — you will need to enter it when filling the CDS form

Step 5: Prepare Other Information

During the form, you will also need:

• Current home address
• Employer name and work address (if employed)
• Estimated annual income
• Next of kin name and phone number
• Mahersaham invitation code: DADY — enter this code during registration to be registered under Mahersaham

Common Document Rejection Reasons & How to Fix

Rejection Reason	Cause	How to Fix
Blurry IC photo	Camera not focused or insufficient light	Retake with brighter light and ensure camera is focused
Selfie not clear	IC too far from face or dark photo	Hold IC closer to face, take in well-lit area
Invalid bank statement	Using old statement or cropped screenshot	Download the latest statement from online banking
Name mismatch	Name on IC differs from name on bank statement	Use a bank statement with the same name as your IC
Invalid TIN	Wrong tax number or not yet registered	Verify on MyTax or register a new one
Glare on photo	Phone flash causing reflection on IC	Turn off flash, use natural light

Frequently Asked Questions (FAQ)

What documents are needed to open a CDS account with Mplus?

You need: (1) front and back IC photos, (2) selfie with IC, (3) recent bank statement, (4) TIN tax number from LHDN, (5) active phone number, and (6) active email address.

How much does it cost to open a CDS account?

Registration through Mahersaham is free. There is a stamp duty charge of RM10 imposed by Bursa Malaysia (not by the broker) which is deducted when you start trading.

Can I open a CDS account without a Tax Identification Number (TIN)?

No. Since 2024, TIN is mandatory for all new CDS account applications. You can register for a TIN for free at mytax.hasil.gov.my — the process takes 3-5 business days.

Can I use an online bank statement or must I visit the bank?

You can use an online bank statement (downloaded PDF from your banking app). What matters is that it clearly shows your full name, account number, and bank name.

My selfie was rejected. What went wrong?

Usually because: (1) blurry photo, (2) face or IC not clear, (3) IC too far from face, or (4) insufficient lighting. Retake in a well-lit area and ensure both face and IC are clear.

I already have a CDS account with another broker. Can I open another one with Mplus?

Yes. You are allowed to have more than one CDS account. You do not need to close your existing account. The same documents as standard registration are required.

Can my child under 18 open a CDS account?

Yes, through a Junior Trading Account. A parent or legal guardian must open the account on behalf of the child.

How long does the CDS account approval process take?

Usually within 1-3 business days after all documents are submitted completely and clearly. If documents are rejected, the process takes longer as you need to resubmit.

Conclusion

Prepare all documents before you start filling in the CDS registration form. This prevents the process from stalling midway due to incomplete or rejected documents. Make sure your IC photos are clear, selfie is well-lit, and bank statement is recent.

Once all documents are ready, you can start registering your CDS account:

Register your CDS account here: mahersaham.com/akauncds

If you encounter any issues during registration, contact our support team on Telegram: @mahersahamplatform

Further Reading

• How to Open a CDS Account with Mplus (2026) — Step by Step Guide
• Direct CDS vs Nominee Account: Who Really Owns Your Shares?
• CDS Account Linkage to M+ Global
• How to Open a Junior Trading Account for Your Child