Mplus Online Offers Among the Lowest Brokerage Fees
The cost of buying and selling shares that differentiates one broker from another on Bursa Malaysia is the brokerage fee. Other costs should generally be the same. In this article, we will explain what sets Mplus apart from other brokers.
What is MPLUS?
Mplus is actually MALACCA SECURITIES SDN BHD. The trending name or nickname that investors commonly use is MPLUS.
Mplus is one of the brokers authorised by the SECURITIES COMMISSION (SC) as a broker for managing STOCK INVESTMENTS on BURSA MALAYSIA.
You can check Mplus''s licence on the website https://www.sc.com.my/licensing/public-register-of-licence-holders/ as shown in the image below.
From this website, we can see that MALACCA SECURITIES is a legitimate broker for conducting "DEALING IN SECURITIES" AND "INVESTMENT ADVICE".
So as users or prospective investors, we need not worry about this company.
To learn more about what a broker is, you can visit What is a Stock Broker?
History of MPLUS
Malacca Securities Sdn Bhd (M+) is a broker regulated by the Securities Commission & Bursa Malaysia (BSKL).
M+ was established in 1963 under the name Malacca Traders.
Its headquarters is in Malacca and it has several branches across Malaysia such as the WANGSA MAJU, JOHOR, SUBANG branches and more.
Mplus has also won numerous awards. To learn more about the awards won by Mplus and myself, you can visit Bursa Excellence Award 2022
Comparison Between Brokers
We can see the comparison in the images below for each broker available in Malaysia. The information below is sourced from https://klse.i3investor.com/web/hti/brokers
Among all the brokers listed above, we can see that only MPLUS is said to "BENEFIT INVESTORS WITH ITS CDS".
The brokerage fee charged by MALACCA SECURITIES is as follows:
| INTRADAY | 0.05% | Minimum RM8 |
| SWING | 0.08% | Minimum RM8 |
In stock trading, investors are charged fees during both BUY and SELL transactions, and the table above shows the rates at MPLUS.
It may not be very clear, so let me explain it in diagram form below:
From this diagram, we can see the following example:
We buy Counter A at RM2,000 (the share price is RM0.20 per unit, we buy 100 lots so it totals RM2,000).
During the purchase, we are charged RM10.60 and during the sale also RM10.60.
To understand more about these costs, you can read the article Stock Trading Costs
How Does MPLUS Help Investors Profit?
This is what many have been waiting for. It is profitable because the brokerage charges at Mplus are very low. Let us look at the image below showing a MAHERSAHAM client''s PORTFOLIO in the premium group:
From this image, we can see the client made a profit of RM220. That is before deducting the BUY and SELL charges.
As mentioned above, Mplus''s charges for INTRADAY are 0.05% and SWING are 0.08%.
So this client was charged approximately RM21 in total for BUY and SELL fees.
Profit
RM220 - RM21 = RM199
That is quite profitable, isn''t it?
With other brokers, the profit would be even smaller.
That is why I emphasised at the beginning of this article that MPLUS helps investors profit.
How to Open a CDS Account with Mplus?
We at Mahersaham are ready to assist you with opening a CDS account.
The advantages of opening with Mahersaham can be found at the link above.
Conclusion
Mplus''s brokerage is the cheapest in Malaysia and it has the EXCEL FORCE platform which is very comprehensive and investor-friendly. So if you do not yet have an Mplus CDS account, come open one now. It will be very beneficial for you.
If you want to learn ''copy & trade'' techniques using the Bursa Marketplace platform, you can go here.
FAQ - Mplus Brokerage Fee
1. What is a brokerage fee and why does it matter?
A brokerage fee is the commission charged by your stock broker each time you buy or sell shares. It matters because lower fees mean you keep more of your profits. Mplus offers among the lowest brokerage fees in Malaysia at 0.05% for intraday and 0.08% for swing trades.
2. Is Mplus a legitimate broker in Malaysia?
Yes, Mplus (Malacca Securities Sdn Bhd) is fully licensed and regulated by the Securities Commission (SC) and Bursa Malaysia. You can verify their licence on the SC''s public register of licence holders.
3. How do I open a CDS account with Mplus?
You can open a CDS account through Mahersaham. Visit our CDS account opening page to get started. Our team will guide you through the entire process.
4. What is the minimum brokerage charge at Mplus?
The minimum brokerage charge at Mplus is RM8 per transaction, whether it is an intraday trade (0.05%) or a swing trade (0.08%). This makes it one of the most affordable options for Malaysian investors.
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