Type of Trading Accounts in Malaysia: What to know?

Contra Account enables you to use Extra Trading Limit to Buy/Sell Stocks in KLSE Stock Exchange.

Type Of Trading Accounts In Malaysia

1. What is Cash Upfront Account?

Cash Upfront Trading works like a debit card and lets you trade with just the cash in your account. 

You can use Internet Banking (Online FPX Payment) to put cash into your account. 

Benefit: 

1. Lower Fees
2. Safer to use within your limit

​

---

2. What is Contra Account (T+2)?

A Contra Account works like a credit card.

This means you have a spending cap based on the shares you want to buy, the cash you put up as collateral, and the number of shares you want to buy.

​However, you still have two days to settle your transaction(s) in full. 

Benefit: 

1. Up to 3x trading limit given (For Example, Deposit RM10,000, you will have RM 20,000 trading limit); (If you have share value worth RM 10,000 plus deposit RM10,000), your trading limit will be RM 30,000​)
2. Settle after 2 days
3. Low Fees applies to BUY trades if used the available cash in the account​

​

---

3. What is Contra Account (T+7)?

The different between T+2 and T+7 is that T+7 account only need to settle after 7 days. 

Meaning that you can use the trading limit to buy a stock and hold a stock, on 8th days, you can SELL if you don't want to pick up the share.

Benefit: 

1. Up to 3x trading limit given (For Example, Deposit RM10,000, you will have RM 20,000 trading limit); (If you have share value worth RM 10,000 plus deposit RM10,000), your trading limit will be RM 30,000​)
2. Settle after 7 days
3. Low Fees applies to BUY trades if used the available cash in the account

---

How to Sign Up?
If you wish to sign up for Contra Account T+2, you can
1. Download M+ Global APP
2. Online Sign Up
3. Enter my Invitation Code: UBZQ
4. You will entitle my professional services listed in here.