Malacca Securities Launches Global Stock Trading Platform, M+ Global

Alex Cheong Pui Yin

24th May 2023 - 4 min read

Local brokerage firm Malacca Securities Sdn Bhd has launched its new global stock trading platform, M+ Global, providing interested Malaysians with access to a diverse range of international investment opportunities. Specifically, they’ll be able to trade in the United States and Hong Kong market.

In its statement, Malacca Securities highlighted that M+ Global users will be able to access over 7,000 and 3,000 stock listings in the United States and Hong Kong market, respectively – along with unlimited tradeable derivatives. These include warrants, exchange-traded funds (ETFs), callable bull/bear contracts (CBBCs), and real estate investment trusts (REITs).

Aside from that, M+ Global also strikes several firsts: it is the first digital trading platform in Malaysia to offer basic real-time data for investors, as well as to offer a shariah screening feature for global stocks. With regard to the former, M+ Global has partnered with the National Association of Securities Dealers Automated Quotations (NASDAQ) to provide real-time quotes (RTQs) to its users, thereby enabling them to make better investment decisions with access to the actual price of a security in real time.

Furthermore, M+ Global is enhanced with the shariah screening feature, catering to the needs of investors who wish to invest in shariah-compliant stocks on a global scale according to Islamic principles. This unique feature – which helps investors to swiftly identify a comprehensive selection of shariah-compliant stocks – is offered through a partnership with IdealRatings Inc., an asset management solutions provider that specialises in Islamic finance.

Another unique feature that M+ Global users can also tap into is the platform’s 24/7 real-time news monitoring system, providing users with up-to-date financial information and events in a timely manner via credible news sources. Additionally, the platform has a 24-hour multi-channel customer support service, where the support team can be contacted via the in-app live chat function, WhatsApp, hotline, email, and even livestream.

M+ Global also refers to itself as a hybrid broker, which means that although users will primarily conduct their trades via an online platform, there are also more than 200 licensed dealer representatives who can be contacted to provide foreign trade insights if users ever find themselves in need of advice. This ultimately offers a personalised touch to the services provided on M+ Global.

The managing director of Malacca Securities, Lim Chia Wei said that the launch of M+ Global is set to empower Malaysians with an intelligent and accessible gateway to the global marketplace. “By offering access to the United States and Hong Kong markets, Malaysians now have greater investment opportunities in some of the largest and most successful companies across various sectors and industries globally,” she said.

Additionally, Chia Wei said that Malacca Securities has drawn from its sixty years of experience as an award-winning homegrown stockbroking company to offer the best service possible to its customers. “Building on the success of M+ Online in 2012, we are committed to staying ahead of the curve to provide a first-class digital experience to enhance the investment experience for our valued customers. We’re paving the way for a new era of wealth-building with Malaysians, starting with the launch of M+ Global,” she added.

Briefly, M+ Online is another digital stock trading platform by Malacca Securities, created earlier for those who trade in the local stock market (on Bursa Malaysia).

Moving forward, M+ Global expects to roll out several more new features, including access to initial public offering (IPO), conditional order, US fractional shares, and options trading. In the meantime, interested investors can take advantage of the platform’s ongoing launch campaign, where new users who register for an M+ Global account and make a RM1,000 deposit will have the chance to receive one free stock from selected companies. On top of that, they can also access thirty days of free live quotes to the United States and Hong Kong markets.

(Source: M+ Global)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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