Mplus Global Stock Trading Costs — US, HK & Malaysia Fees Explained
Artikel ini juga tersedia dalam Bahasa Melayu
In this article, I will briefly explain the costs involved in buying and selling US and HK stocks using the Mplus Global platform.
If you would like to understand how the average cost for a particular stock is calculated and displayed in the app, you can refer to Average Cost Calculation for US/HK Stock Trading.
US Stock Costs
From the Mplus website, https://mplusonline.com/support/detail/1000752?id=1000685
Commission and Margin Rates
Other Charges
| Item | Charging Entity | Fees | Min | Max |
| Malaysia Contract Stamp | Malaysia government | Shares or stocks: RM1.00 for every RM1,000.00 contract value, maximum RM 1000.00 | RM1,000 | |
| Malaysia Contract Stamp | Malaysia government | Marketable securities: RM1.00 for every RM1,000.00 contract value, maximum RM200.00 | RM200 | |
| Regulatory Fees (sell only) | US SEC | 0.0008% | 0.01 | |
| Trading Activities Fees (sell only) | FINRA | 0.000166/share | 0.01 | 8.30 |
| Settlement Fees | US Settlement Agency | 0.003/share | 0.01 | |
| Withholding tax | Internal Revenue Service | 30% (varies from different stocks) of the dividend value |
Charges for American Depository Receipts depend on the bank and can be viewed at the link above.
HK Stock Costs
Commission and Margin Rates
Other Charges
Bursa Malaysia Stock Costs
| Features | |
| Offline Brokerage Rate | |
| ≤ RM100,000 > RM100,000 | 0.6% 0.3% |
| Minimum | RM40 |
| Intraday | 0.15% |
| Online Brokerage Rate | |
| ≤ RM50,000 > RM50,000 | 0.08% 0.05% |
| Flexi Brokerage Rate | |
| ≤ RM50,000 > RM50,000 | – |
| Minimum | RM8 |
| Intraday | 0.05% |
| Clearing Fees | 0.03% |
| Stamp Duty | Shares or stocks: RM1.00 for every RM1,000.00 contract value, maximum RM 1000.00. Marketable securities: RM1.00 for every RM1,000.00 contract value, maximum RM200.00. |
For specific calculations on Bursa Malaysia costs, refer to the article on stock trading costs in Malaysia.
FAQ — Mplus Global Trading Costs
Can you buy US and Hong Kong stocks through Mplus?
Yes, Mplus Global allows you to purchase stocks on the United States (NYSE, NASDAQ) and Hong Kong (HKEX) markets directly from a single platform. You will need to open a separate Mplus Global account from your regular CDS account.
What are the main costs of trading US stocks on Mplus Global?
The main costs include commission fee (brokerage fee), platform fee, and exchange fee. Rates differ depending on the market (US vs HK). There is no stamp duty for US stocks, but there is an SEC fee for sell transactions.
Are global stock trading costs more expensive compared to Malaysian stocks?
Global stock brokerage costs are typically higher as they involve international markets and currency exchange. However, access to major companies such as Apple, Tesla, and Alibaba makes it worthwhile for portfolio diversification.
Do I need to convert ringgit to USD before buying US stocks?
Yes, you need to convert MYR to USD or HKD before purchasing. Mplus Global provides a currency exchange function within the platform. The exchange rate will affect the overall cost of your investment.
Investing in global stocks through Mplus Global opens up opportunities to diversify your portfolio beyond the Malaysian market — but make sure you understand all the costs involved.
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