M+ Global Transaction Fees Explained: Bursa vs US Fee Breakdown
When you buy or sell shares, the share price is not the only cost. There are several fees and charges added to every trade. The good news is that M+ Global displays a full breakdown of these fees transparently — you can see for yourself where every cent goes. Unfortunately, many people don't know where to read that breakdown.
This article teaches you how to read the actual fee breakdown inside the M+ Global app, and explains each component — for both Bursa Malaysia shares and global (US) shares. If you want the full rate table, we link the dedicated cost guide at the end of the article.
Where Do You See the Fee Breakdown?
There are two main places:
- Contract Details — once an order is filled, open that order to view the contract details along with the fee breakdown. This is the most direct way to see the cost of a single trade.
- Fund Details — in the Trade tab (US/HK account), tap the Details action to view the ledger of fund movements. Here every Transaction Fee, dividend and interest is listed. Tap the Transaction Fee row for the full breakdown.
Bursa Malaysia Share Fee Breakdown
Let's read a real example. For a purchase of 20,000 units at RM0.545 (order value RM10,900), the Total Fee is RM22.99, made up of:
- Commission (brokerage): RM8.72 — the broker's commission. For online trading, the rate is around 0.08% (orders ≤ RM50,000) or 0.05% (orders > RM50,000), subject to a minimum.
- Stamp Duty: RM11.00 — stamp duty of RM1 for every RM1,000 of contract value (rounded up), with a maximum cap.
- Clearing Fee: RM3.27 — Bursa's clearing fee, 0.03% of contract value.
- Sales Tax: RM0.00 — sales tax on the commission (where applicable).
Notice that the stamp duty (RM11.00) is actually larger than the commission (RM8.72) in this example — that's why it's important to understand each component, not just the commission.
Global (US) Share Fee Breakdown
The fee structure for US shares is different. For one US share trade, an example Transaction Fee is US$3.65, made up of:
- Commission: US$3.00 — the broker's commission, 0.10% with a minimum of US$3. That's why small trades are almost always charged the US$3 minimum.
- Platform Fees: US$0.00
- Settlement Fees: US$0.11 — settlement fee.
- CAT Fee: US$0.01 — Consolidated Audit Trail, a US market regulatory charge.
- Stamp Duty: US$0.51
- SEC Fees: US$0.01 — US Securities and Exchange Commission fee (charged on sales).
- Trading Activity Fees: US$0.01 — trading activity fee (FINRA TAF).
The key difference: the US market has several small regulatory fees (SEC, TAF, CAT) that don't exist on Bursa, but its commission is low with a fixed US$3 minimum.
Summary: Bursa vs US
| Component | Bursa (example) | US (example) |
|---|---|---|
| Commission | RM8.72 (~0.08%) | US$3.00 (min) |
| Stamp Duty | RM11.00 | US$0.51 |
| Clearing / Settlement | RM3.27 | US$0.11 |
| Regulatory fees | — | SEC + TAF + CAT = US$0.03 |
| Total | RM22.99 | US$3.65 |
Note: rates and minimums can change from time to time. The figures above are only examples to illustrate the structure, not an official quote.
Frequently Asked Questions (FAQ)
Where can I see how much fee I paid?
Open a filled order to see Contract Details, or go to Fund Details (Trade tab of the US/HK account → Details) and tap the Transaction Fee row for the full breakdown.
Why do small US share trades get charged a high fee relative to their value?
Because there is a US$3 minimum commission. If you buy shares of a small value, this minimum becomes a large percentage of the trade amount. For US shares, it is usually more efficient to trade in larger amounts.
Are global shares more expensive than Malaysian shares?
It depends on the trade size. For the full US, HK and Bursa rate details, see M+ Global Stock Trading Costs.
Are these fees deducted automatically?
Yes. All fees are deducted automatically from your account during trade settlement, and are recorded in your Statement.
Conclusion
M+ Global is transparent about fees — every component is displayed in full within Contract Details and Fund Details. For Bursa, focus on the commission, stamp duty and clearing fee. For the US, the US$3 minimum commission plus several small regulatory fees. By understanding this breakdown, you can calculate the real cost of your trades and avoid surprises.
Don't have an account to get started yet? Open a CDS trading account through Mahersaham to invest in Bursa Malaysia shares as well as overseas markets like the US and Hong Kong.
New to shares? Download the free Stock Investing Basics Ebook to master the fundamentals before you start trading.
Note: This article is for educational purposes only and is not investment advice or a recommendation to buy/sell any share. The fee rates are examples and subject to change; please refer to the official Malacca Securities quotes. Do your own research before making any investment decision.