Hi there!
If you've reached this page, it means you're quite keen on starting your stock trading journey.
Many of my readers have asked about how to get onboard the trading train or simply which broker should they use.
This page is here to answer all of your questions!
As you know, I’ve been investing for a while now and in the past couple years I’ve advocated for digital investing in particular. It gives you control over not just how much you want to invest but what and when you want to invest! Plus it’s way cheaper which means you get to keep more of the profits.
So here’s the 411 on getting started.
I recommend signing up with Rakuten Trade!
Theres no need go anywhere or meet anyone in person. You can sign up, login, and trade all in the comfort of your pyjamas!
All you need is your MyKad or Passport.
Use my referral code: DIVMAGIC to get 500 RT points once your account is activated.
Alright, you’ve signed up! Now what?...
Well, this is everything you need to know before you start trading. Together with Rakuten Trade, I've curated some tips and tricks to make you a SMARTER trader.
The 411
Rakuten Trade extends one of the lowest brokerage fee in town from as low as RM7. It's the same for all client. Many of their services are also provided free of cost!
Better yet, their fees are the same across all account types!
The Fees
Trading | Value | Normal Brokerage Via Web/iSPEED.MY | Assisted Brokerage Via Customer Service RM30 + Normal Brokerage |
|---|---|---|---|
Equal & Below | 999.99 | RM7.00 | RM37.00 |
Between | 1,000.00 - 9,999.99 | RM9.00 | RM38.00 |
Between | 10,000.00 - 99,999.99 | 0.10% of Trading Value | 0.10% from Trading Value + RM30.00 |
Equal & Above | 100,000.00 | RM100.00 | RM130.00 |
Clearing Fee | 0.03% up to a maximum of RM1,000.00 per contract | |||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Stamp Duty | Stamp duty fee applied and maximum amount will depend on stock type*
| |||||||||||||||||||||||||||
Receiving Dividend | No fee charges |
|---|---|
Corporate Actions | No handling fee charges |
Placing Orders
Placing orders are as easy as 1, 2, 3!
Follow this step-by-step chart to buy your first stock!
Looking to sell? No worries, we've got you covered!
You can also get bonus rewards for just interacting with Rakuten Trade!
Not Sure What to Trade?
Whatever your experience level, Dividends are a good place to start! They might just be the magic dust needed to give your trading efforts a little bit more omph!
Dividends are like allowances routinely rewarded to you in the form of cash or shares from a company's net earnings.
Want to learn more about dividend trading? Check out Rakuten Trade's webpage all about dividends (courtesey of yours truly).
Onwards and upwards!
I hope I've somehow helped you on your trading journey with Rakuten Trade. If you want more of me, you already know where to find me!
Until next time, happy trading!
Website: http://dividendmagic.com.my/
Instagram: @dividendmagic
Twitter: @dividendmagic
LET'S START TRADING
