3 Ways To Buy Stocks As A Malaysian | eToro, TradeStation & Rakuten Review

In this video, we go through exactly how to buy stocks as a Malaysian.

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Intro (00:00)

We have 3 ways that you can use to start investing in stocks today.

STOCKBROKERS (0:37)

To buy a share in a company, you would have to do it through a stockbroker.

Stockbrokers are professionals who help individuals like us execute buy and sell orders in the stock markets.

There’s probably some stigma going around about how stockbrokers are blood suckers trying to get the most money out of their clients as possible.

In the movie The Wolf Of Wall Street, Jordan Belfort basically shows how these stockbrokers convince clients to make trades so they get paid a commission.

How it worked was, every time an individual made an order to buy or sell some shares, the stockbroker would charge a certain fee which acts as their commission.

This then encourages them to get clients to keep making trades so they can support their Wall Street lifestyles.

Things aren’t quite the same these days though.

With the emergence of technology, stock investors no longer have to liaise directly with human stockbrokers!

Now, most share trading is done on a platform without the need to interact with anyone.

Imagine this, there was actually a point in time in history that we actually had to pick up the phone to call our stockbrokers whenever we wanted to buy or sell shares.

Thank God we didn’t have to go through that.

As expected, technology has disrupted the stockbroking industry.

As human intervention is no longer necessary, trading fees have been driven down, lowering the barrier to entry for many investors.

Charles Schwab, a stockbroker in the US used to charge in excess of $30 per trade on average. Insane!

This means that there’s no chance you can make a trade with just $100 as fees would eat up 30% of that.

As years go by, this has reduced at startling rates where we’re now at this point

Unfortunately, Malaysians don’t have access to many of these free platforms as they’re yet to open their doors to expansion.

Still, we’ve done extensive research to identify some of our options, and share with you our favourites!

Let’s go through some ways on how to buy stocks as a Malaysian.

LOCAL BANKS (3:51)

Our Malaysian banks such as CIMB & Maybank have their own stockbroking platforms.

Available Markets:

Through the banks, we can buy shares of companies in many different countries in the world.

Whether you wanna buy shares of Maybank (Malaysian), Alibaba (Hong Kong), or Toyota (Japanese), our banks provide it.

Fees:

If your preference is to invest in Malaysian companies, the rates are pretty good at 0.1% with a minimum of RM8.

However, buying shares of international companies can be incredibly expensive with minimums around 25USD per trade, or RM105.

TRADESTATION GLOBAL (6:11)

Available Markets:

With TradeStation, you’ll be able to access companies from the US, Europe, & Asia!

However, they do not have access to the Malaysian market which means you’d still have to rely on the banks for this.

Fees:

Commissions are much cheaper for international investing.

If you’re looking to buy US stocks, you’ll only be charged 1.50 USD per trade, 17x cheaper than what our local banks are charging you.

Since they’re in the US, the only way to move money is through wire transfer which will set you back around 10USD.

ETORO (7:14)

Available Markets:

Etoro has access to a variety of markets across the world (not Malaysia though!).

Unlike other platforms, Etoro doesn’t cover every single stock in the market it covers.

It only allows users to invest in certain stocks, but currently include most of the more popular companies we’re looking for anyway.

Other than this, Etoro also allows for the investing of Bitcoin, commodities (oil, gold, silver), and even currencies.

This is a nice mix to be exposed to for your investment portfolios.

Fees:

Etoro claims that all trades are commission free.

This means that they don’t charge you anything for making trades.

However, there are some fees being inserted into the spreads.

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DISCLAIMER: These videos are for entertainment purposes only. This is not meant to be financial advice. Please always do your due diligence and never stop learning. Best of luck!

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Видео 3 Ways To Buy Stocks As A Malaysian | eToro, TradeStation & Rakuten Review канала Millennial Finance