Brokerage (Bursa, HK & US)
All trades on Bursa are placed in Ringgit Malaysia (RM).
For HK or U.S. trades, you have the choice to trade in MYR or HKD / USD. You can also maintain a Ringgit or HKD / USD cash balance at no extra charge.
Trading in MYR (Bursa, HK & US) | Trading Value (RM) | Brokerage (RM) | |
|---|---|---|---|
Below | 999.99 | 7.00 | |
Between | 1,000.00-9,999.99 | 9.00 | |
Between | 10,000.00-99,999.99 | 0.10% of Trading Value | |
Equal & Above | 100,000.00 | 100.00 | |
Trading in USD (US only) | Trading Value (USD) | Brokerage (USD) | |
|---|---|---|---|
No Tier | 0.1% of Trading Value | Min. USD1.88 Max. USD25 | |
Trading in HKD (Hong Kong only) | Trading Value (HKD) | Brokerage (HKD) | |
|---|---|---|---|
No Tier | 0.1% of Trading Value | Min. HKD35 | |
Protip: All withdrawals will be made in MYR. Therefore, HKD/USD funds will need to be converted back into MYR before making the cash withdrawal. The exchange rate is updated at 6pm Malaysia time.
*Amalgamation applies only to successful Bursa orders. An additional RM30 is charged on all assisted trades.
Other Fees (Bursa, HK & US)
In addition to brokerage, standard additional charges may apply.
Type of Fees | MY | U.S. | Hong Kong | |
|---|---|---|---|---|
Clearing Fee | 0.03% up to a maximum of RM1,000.00 per contract | NIL | 0.002% of gross amount with a minimum of HKD2.00 per order or a maximum HKD100.00 per order | |
Regulatory Fees (On Sell Transactions) | NIL | SEC Fee (US): FINRA Fee (US): | NIL | |
Stamp Duty | Fee and maximum amount is depended on stock type Full list here | US Stocks: MYR 1.50 for every MYR 1,000.00 contract value, maximum MYR 1000.00 US ETF: MYR 1.00 for every MYR 1,000.00 contract value, maximum MYR 200.00 | Stocks: MYR 1.50 for every MYR 1,000.00 gross amount, with a maximum of MYR 1,000.00 | |
SST | NIL | NIL | NIL | |
Currency | MYR | USD & MYR (To view our competitive foreign exchange rate, please refer to the order pad on the Web and iSPEED.my app screen) | HKD & MYR (To view our competitive foreign exchange rate, please refer to the order pad on the Web and iSPEED.my app screen) | |
Corporate Action | No handling fees | No handling fees | No handling fees | |
Account Opening Fee | FREE CDS account | FREE IBKR account | FREE IBKR account | |
America Depository Receipt (ADR) Fee* | NIL | USD 0.01 - 0.03 / Share** ** Subject to announcement | NIL | |
Exchange Fee | NIL | NIL | 0.00565% of gross amount per order | |
SFC Transaction Levy | NIL | NIL | 0.0027% of gross amount with a minimum of HKD0.01 per order | |
FRC Transaction Levy | NIL | NIL | 0.00015% of gross amount with a minimum of HKD0.01 per order | |
HKEX Stamp Duty | NIL | NIL | 0.13% of gross amount and round up to nearest integer | |
*ADR fees are charged by the Depository Trust Company (DTC) for stocks of non-U.S. companies listed in the U.S. Clients who have not held any non-U.S. company's shares will not be charged ADR fees. For more information abount ADR, please check FAQ.
Day Trade Rebate Simulation
(For Bursa-Contra Only)
Contra traders get SELL brokerage rebates on matched trades for the same counter on the same day.
If you BUY and SELL the same counter on the same day via your Contra Account, we will rebate* back your sell brokerage fees at the end of the trading day.
Below are simulations that we hope will make it easier to explain.
Scenario | Trading Activity | Shares | Number of Shares | Price | Trading Value per Transaction / per Stock | Contra Brokerage Rates |
1 | BUY @ 9:00AM | Stock A | 500 | RM1.00 | RM500.00 | RM7.00 |
SELL @ 3:00PM | Stock A | 500 | RM1.50 | RM750.00 | RM7.00 | |
End of the day after 6:00PM | REBATE | Stock A | 500 | RM1.50 | RM750.00 | RM7.00 |
Note:
1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell price.
Scenario | Trading Activity | Shares | Number of Shares | Price | Trading Value per Transaction / per Stock | Contra Brokerage Rates |
2 | SELL@ 9:00AM | Stock A | 500 | RM1.50 | RM750.00 |
RM7.00
|
BUY@ 3:00PM | Stock A | 500 | RM1.00 | RM500.00 |
RM7.00
| |
End of the day after 6:00PM | REBATE | Stock A | 500 | RM1.50 | RM750.00 |
RM7.00
|
Note:
1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell price.
Scenario | Trading Activity | Shares | Number of Shares | Price | Trading Value per Transaction / per Stock | Contra Brokerage Rates |
3 | SELL @ 9:00AM | Stock A | 1,000 | RM1.50 | RM1,500.00 | RM9.00 |
BUY @ 3:00PM | Stock A | 500 | RM1.00 | RM500.00 |
RM7.00
| |
End of the day after 6:00PM | REBATE | Stock A | 500 | RM1.50 | RM750.00 |
RM7.00
|
Note:
1. Day Trade Rebate will not be affected by the sequence of the Buy or Sell order(s).
2. Day Trade Rebate will be capped at the Buy/Sell quantity (whichever is lower) and will be based on the sell average price.
Note: Participation is automatic. Day traders are not eligible to earn Rakuten Trade points or to utilise our “Assisted Trading” service. The rebate amount will be credited into your account at the end of the trading day.
Other RakuMargin Trading Fees
Fee Type | Amount | How It's Calculated |
|---|---|---|
Interest on Outstanding Transactions | 7.3% per annum | Daily after T+2, at the end of each day The interest on outstanding balance will be realized at the end of the month. |
Rollover Fee | 0.5% | At a flat rate of 0.5% based on each principal BUY outstanding amount upon expiry of each rollover period Rollover period: 3 months For example: Outstanding purchase of RM10,000, the rollover fee will be RM50.00 |
