MIDF Invest — International Digital Investment Platform for Malaysian Investors
•By Mahersaham
Artikel ini juga tersedia dalam Bahasa Melayu
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Nowadays, there are many mobile applications that have been introduced to make it easier for users to access and carry out their daily lives in a digital manner.
Investment platforms are no exception, with MIDF Amanah Investment Bank Bhd launching the MIDF Invest application.
This application is an online investment platform that allows Malaysian users to invest in international US stocks with lower and more affordable brokerage charges.
US stocks available for trading include Apple, Facebook, Tesla, Alphabet, and many more.
Among the advantages provided by the MIDF Invest application are:
What makes it even more interesting is that the application was developed in collaboration with Saxo Markets Asia Pacific, a licensed subsidiary of Saxo Bank, an investment bank based in Denmark.
Step 1: Download the app from Play Store or Apple Store.
Step 2: Select your identity card type — either MyKad, MyPolis, or MyTentera.
Step 3: If you choose MyKad, upload the front and back of your identity card.
Step 4: Review your personal details and confirm.
Step 5: Select ''Yes'' or ''No'' if you still reside at the same address as on your identity card. If ''No'', enter your current residential address.
Step 6: Read the Data Act declaration and click ''Agree''.
Step 7: Enter your phone number and the verification code sent to you.
Step 8: Enter your email address and confirm your password.
Step 9: If you wish to use Face ID each time you log in to the platform, click ''Yes''. Otherwise, click ''No''.
Step 10: If you would like to receive the latest information and updates from MIDF, click ''Allow Notification''.
Step 11: Then click on Investment Question to begin registering your MIDF account, and click ''Begin''.
Step 12: Fill in your employment status and employer''s name.
Step 13: Select your source of income.
Step 14: Select the net value of your assets.
Step 15: If you are married, you may enter the name of your child or spouse. If unmarried, enter the name of a close family member such as a sibling or parent.
Step 16: Complete the number of dependants.
Step 17: Select your residency status.
Step 18: Tick any applicable information regarding borrowing/financing (if any).
Step 19: If you agree to open a MIDF Islamic account, click ''Yes''.
Step 20: Confirm the Declaration Terms & Conditions. Done!
Your account is now being processed. The processing period will take approximately one week.
With the MIDF Invest application, investors can diversify their portfolio and benefit from the higher returns of the US market.
Dato'' Charon, the director of MIDF, also stated that international investments should be made accessible to all investors.
Additionally, you can also start investing in Bursa Malaysia stocks by opening a CDS account at CDS Account.
Still new to stock investing? No worries — you can start by downloading the Free Ebook from Mahersaham.
MIDF Invest is a digital investment platform launched by MIDF Amanah Investment Bank Bhd, developed in partnership with Saxo Markets Asia Pacific. It allows Malaysian investors to trade US stocks and ETFs with affordable brokerage fees.
Yes, MIDF Invest offers an Islamic account option that is Shariah-compliant, making it suitable for Muslim investors who wish to invest in accordance with Islamic principles.
You can trade major US stocks listed on NYSE and NASDAQ, including well-known companies like Apple, Tesla, Alphabet (Google), Meta (Facebook), and many more.
Download the MIDF Invest app from the Play Store or Apple Store, then follow the 20-step registration process which includes identity verification, personal details, employment information, and risk assessment questions. Processing takes approximately one week.
Download our free ebook to learn the fundamentals of stock investing before you start trading internationally.
Open a CDS account today if you also want to invest in Malaysian stocks on Bursa Malaysia.