Marketing Representative in Malaysia: Requirements, Costs & How to Register
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For those involved in the stock market, the terms remisier and dealer's representative are likely familiar. They are intermediaries representing investment institutions on Bursa Malaysia, helping manage the buying and selling of shares for investors.
However, since 2017 the Securities Commission (SC) introduced a new role — the Marketing Representative (MR). This role opens up opportunities for anyone who wants to enter the capital market industry on a part-time basis, without having to leave their primary employment.
This article explains in detail what an MR is, eligibility requirements, registration costs, the step-by-step registration process, and the career pathways available.
A Marketing Representative (MR) is an individual registered with the Securities Commission Malaysia (SC) to market investment products on behalf of a brokerage firm. An MR acts as an introducer — connecting potential investors with licensed brokerages, but is not permitted to execute trades or provide investment advice.
The MR role was introduced through the Guidelines on Marketing Representatives (SC-GL/3-2017), effective 23 June 2017. It aims to expand the network of intermediaries within Malaysia's capital market industry.
Many people confuse these three roles. Here is a quick comparison:
| Aspect | Marketing Representative (MR) | Remisier | Dealer's Representative (DR) |
|---|---|---|---|
| Employment status | Can work part-time | Full-time only | Full-time employee of brokerage |
| Number of principals | Can represent multiple firms | One brokerage only | One brokerage only |
| Scope of work | Client introduction only | Trade execution + advisory | Trade execution + advisory |
| Licensing | Registered with SC (not licensed) | DR licence from SC | DR licence from SC |
| Minimum qualification | Diploma + 2-day course (eFPMR) | Degree + CMSRL exam | Degree + CMSRL exam |
| Income | Commission from principal services | Commission per transaction | Fixed monthly salary |
| Deposit required | None | Mandatory deposit | None |
In short, MR is the most flexible option — ideal for those who want to enter the capital market industry without a full-time commitment. According to SC Malaysia, the MR role also serves as a stepping stone towards becoming a full-time Dealer's Representative.
An MR acts as an intermediary on behalf of the principal (brokerage firm). Key responsibilities include:
It is important to understand the limitations of an MR. According to Bursa Malaysia guidelines, an MR is strictly prohibited from:
MRs who breach these restrictions may face disciplinary action from the SC.
To register as a Marketing Representative, you must meet the following requirements:
Compared to remisiers who require the more intensive CMSRL (Capital Markets Services Representative's Licence) examination, the MR pathway is significantly easier and faster — suitable for professionals looking to diversify their income.
Here are the steps to become a registered MR in Malaysia:
SIDC now offers two formats:
| Format | eFPMR (Online) | FPMR (In-Person) |
|---|---|---|
| Method | Self-directed online learning | 2-day classroom course |
| Platform | SIDC eLearn | At SIDC premises |
| Modules | 9 modules | 2-day curriculum |
| Access period | Maximum 2 months | 2 days only |
| Cost | RM1,100 (excluding SST) | RM1,100 (excluding SST) |
| Assessment | Online assessment at end | Physical exam at end of Day 2 |
The eFPMR (online) format is more flexible — you can study at your own pace over 2 months without taking time off work.
After completing the course, you must pass the assessment covering:
After passing, you can register as an MR with any licensed brokerage firm in Malaysia. You can also register with more than one brokerage firm at the same time — unlike remisiers who are tied to a single firm.
If you are interested in becoming a Marketing Representative under the guidance of Maher Alias, Remisier at Mplus (Malacca Securities), contact our team for more information and registration guidance — Contact us here.
Once your registration is approved, you can begin introducing clients and earning commissions. Ensure you comply with all SC and principal guidelines.
Here is a breakdown of the costs involved:
| Item | Cost (RM) | Notes |
|---|---|---|
| eFPMR / FPMR course (SIDC) | RM1,100 | Excluding 8% SST |
| MR registration fee (brokerage) | RM550 | Excluding 8% SST. Varies by firm. |
| Annual renewal fee | RM300 | Paid yearly to maintain MR status |
Total initial cost is approximately RM1,650 - RM1,800 (including SST). This is significantly lower compared to becoming a remisier, which requires the CMSRL examination, a deposit, and higher licensing fees.
The MR role offers several unique advantages:
Unlike remisiers and dealer's representatives who must commit full-time, MRs have the flexibility to maintain their primary employment. You can work as a teacher, engineer, or any other professional — while earning additional income as an MR on the side.
MRs can register with several brokerage firms simultaneously. For example, you can be an MR for both Mplus and RHB Investment Bank at the same time — expanding your client network and income potential.
At approximately RM1,650, MR is the most affordable pathway into the capital market industry. No deposit is required, and there are no major financial commitments like those faced by remisiers.
MRs earn commissions from services provided by the principal — including account openings, new client introductions, and support services. Commission rates vary by brokerage and product.
Experience as an MR can open the pathway to becoming a full-time Dealer's Representative — with significantly higher earning potential.
MR is not just a side job — it is a legitimate career pathway within the capital market industry. According to SC Malaysia, the following progression pathway is available:
This fast-track pathway means a dedicated MR can become a fully licensed DR within 2-3 years — with practical experience already built in.
After obtaining MR status, you are required to continue learning through CPD (Continuing Professional Development):
CPD ensures MRs stay updated with the latest industry developments — including regulatory changes, new products, and best practices.
A Marketing Representative is an individual registered with the Securities Commission (SC) to market investment products on behalf of a brokerage firm. An MR acts as an introducer — connecting clients with brokers, but cannot execute trades or provide investment advice.
MRs can work part-time and register with multiple brokerage firms simultaneously, while remisiers must work full-time with only one firm. MRs do not require a CMSRL licence — they only need to pass the 2-day eFPMR course.
The initial cost is approximately RM1,650 — including the eFPMR/FPMR course at SIDC (RM1,100) and brokerage registration fee (RM550). The annual renewal fee is RM300.
You must be at least 21 years old, hold a recognised diploma, pass the eFPMR/FPMR course at SIDC, and pass the MR assessment. No prior experience in the financial industry is required.
Yes, this is one of the key advantages of being an MR. You can maintain your primary job while working as an MR on the side — unlike remisiers who must dedicate themselves full-time.
The entire process can be completed within 2-4 weeks. The eFPMR (online) course can be completed within 2 months at your own pace, while the FPMR (in-person) takes only 2 days. Registration with a brokerage typically takes 1-2 weeks after passing.
Yes. After 2 continuous years as an MR, you are eligible to sit for the advanced examination (FP2) and apply to upgrade to full-time Dealer's Representative (DR).
The eFPMR course is conducted by SIDC (Securities Industry Development Corporation). You can register online through the official SIDC website at sidc.com.my. The course fee is RM1,100 (excluding SST).
The Marketing Representative role is a practical and affordable pathway for anyone interested in entering Malaysia's capital market industry — whether as a side income or as the first step towards a full-time career in finance.
Open a CDS account to start participating in the Malaysian stock market — Register for a CDS account now.
Get the free stock market basics ebook to understand the fundamentals of Malaysia's capital market — Download the free ebook here.
Further reading: