Malaysia is having an exchange which is called Kuala Lumpur stock exchange [KLSE] or Bursa Malaysia. All the stocks in Malaysia trade through this exchange. Online stock trading Malaysia is done through this exchange.

The first thing that you need to do in order to trade in the Kuala Lumpur stock exchange is, you need to have an account with a broker.

You have to open a CDS account. ‘CDS’ stands for ‘Central depository system’. Opening a CDS account will allow you to buy and sell shares.

You can open a Central depository account in most of the banks or some authorized depository agents like some of the stock brokers. Just provide some of your personal details and those will be enough.

There are two types of CDS accounts. The first one is direct central depository system. In this account, you will be enjoying the benefits of receiving the dividend checks to your house.

The second one is Pledged account in which the broker will be receiving the dividend and he/she will be depositing that amount in to your bank account. You can have more than one CDS account.

The main function of a CDS account is it keeps and holds the shares in that account. It is a depository account in which your shares could be saved. So, it is definitely necessary for an investor as well as trader.

Another good thing about a central depository account is that it allows you to trade in other financial instruments like warrants and bonds.

The next thing you need to do is to open an account with a stock broker. Sometimes, the above Central depository system account is just enough as some of the banks do provide a stock broking account with it.

If not, then open a stock trading account with a stock broker or company by providing some documents and details. Some of the best stock brokers that provide online stock trading in Malaysia are:

1. May bank – This bank is one of the famous banks in Malaysia and it provides financial services. The software provided by this stock broking company or bank is neat and simple.

It provides you real time information, stock research, market updates and news, and many more.

2. RHB invest – RHB securities is another big broking firm which provides financial solutions to it’s clients. The customer service is excellent here and hence, this company is growing fast.

The analysts, here, provide excellent research and their predictions rarely go wrong.

3. PAC online – PAC is a stock broking company with high level of reputation. The company’s software is good and it provides real time data.

4. AM securities – AM investment bank is one of the largest banks in Malaysia. It allows trading in many types of instruments like stocks, bonds, Forex, commodities and many more.

These are some of the best ones in online stock trading companies in Malaysia and opening an account with them will make trading easier.

Tags: Brokers, CDS, company., Kuala lumpur, Malaysia, Online, online stock trading in malaysia, online stock trading malaysia, Shares, Software, stocks, trading

Trading and Investing 4U, in preparing this post, did not take into account the investment objectives, financial situation and particular needs of the investor. Before making any decision about the information provided, you must consider the appropriateness of the information having regard to your objectives, financial situation, and needs, and always consult your advisor. Securities and Derivatives have inherent risks and any comments appearing here are general advice only and can involve high risk investment. Trading and Investing 4U has made every effort to ensure the information is accurate, however its accuracy, reliability or completeness is not guaranteed.

Any advice in this post is General Advice only