The Bursa Malaysia Exchange, formerly known as the Kuala Lumpur Stock Exchange is the main stock exchange in Malaysia and among the most active exchange in Southern Asia. It is a member of the South Asia stock exchange association that also comprises of countries such as Vietnam, Pakistan, Thailand and the Philippines. The exchange offers an array of financial products such as options, features and stocks and its acts as both an exchange and market place where investors are able to clear and settle equities, trade and list securities. The availability of offshore trading and an Islamic trading solution has made the Bursa Malaysia Exchange a preferred destination among both professional and amateur investors.
The Securities Commission Malaysia (SCM) regulates the Bursa Malaysia Exchange and all brokers carrying out business at the stock exchange, and it reports to the country’s minister of finance, and it has also been tasked with coming up with regulations that guide the conduct of all capital markets in Malaysia.
What to Look for About an Online Brokerage?
Before opening an online trading account, especially from Malaysia, the first thing is to identify a reliable stockbroker. The following is a list of some things you should consider when choosing an online brokerage.
- Membership Affiliation and Regulation
All brokers on the Bursa Malaysia must be registered by the Security Commission Malaysia, which is the regulating authority. When choosing a broker, ensure it is registered with the SCM and that it is authorised to carry out business in the country.
- Trading Platforms
An online broker should provide a platform that enables the trader to open and close orders as well as follow up the trades at their convenience. This platform should be easy to use and one that can be customised to their needs. Some of these platforms also provide technical tools to help the trader analyse different aspects of a trade as well as keep the trader informed through the news feeds.