MIDF Invest | It's Not Ready Yet

In this video, I will share with you my initial impression of MIDF Invest and why I'm not that excited about it for now (and you probably shouldn't too). I outline the main reasons why by explaining to you some of the key information that you need to know before you rush into the broker. Open an IBKR account instead!:https://www.interactivebrokers.com/mkt/?src=zietPY2&url=%2Fen%2Fwhyib%2Foverview.php%3Fnored%3Dt

🔽Timestamps:
0:00 Introduction
0:37 Reason #1 - The app is still in beta mode
1:57 Reason #2 - Brokerage fee (not enough info)
2:51 Reason #3 - Other fees & requirements (not enough info)
4:13 PROs of MIDF Invest
5:49 My personal recommendation

On 6th July 2021, MIDF Amanah Investment Bank Bhd launched MIDF Invest, an online investment platform that allows Malaysian customers to trade US stocks and Exchange Traded Funds (ETFs), particularly on the New York Stock Exchange (NYSE) and NASDAQ. It is approved and regulated by the Securities Commission Malaysia and Bank Negara Malaysia.

MIDF Invest is offering free brokerage for all trades under US$1,000 (RM4,150), from 6th July until 31st July, 2021. After which, they will inform the users of the details of the brokerage fees before the end of said promotion.

On top of that, MIDF allows users to open an Islamic account and invest in the large universe of Shariah-compliant shares and ETFs listed on the NYSE and Nasdaq.

MIDF Invest is delivered in partnership with Saxo Markets Asia Pacific, a Singapore-based broker and a licensed subsidiary of Danish investment bank, Saxo Bank, which is a well-regulated and industry-leading provider of investment services and technology.

🔴Link to the Bloomberg interview with MIDF Group MD: https://www.bloomberg.com/news/videos/2021-06-29/malaysia-s-midf-to-launch-retail-digital-platform-for-u-s-stocks-video

🔴Download on App Store: https://apps.apple.com/my/app/midf-invest/id1547372377

🔴Download on Google Play Store: https://play.google.com/store/apps/details?id=my.com.midf.pdg

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✅Beginner's Step-By-Step Playlist to Start Investing 👇🏻
https://www.youtube.com/playlist?list=PLNtoL6rfNKdkmIijHCaNqj19QaWzXWY1q

✅My previous videos on StashAway👇🏻
https://www.youtube.com/playlist?list=PLNtoL6rfNKdm38CetCFaZSLN1uAQz0CLx

✅Link to my social accounts 👇🏻
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Disclaimer: This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success.

None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website.

Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit www.interactivebrokers.com.

Видео MIDF Invest | It's Not Ready Yet канала Ziet Invests