Account Opening Guide
Account Opening Guide
Once you've downloaded the M+ Global App, register for an account by entering your mobile number or email address for identity verification and setting a login password.
Or using this Account Opening Link: https://m.global.mplusonline.com/kh/status/entry/transit?lang=en_US&_scnl=MRF1
Things to Prepare:
1. NRIC (front and back)
Your original Malaysia ID card (or original passport if you don’t have a Malaysia ID card)
2. Bank Statement
Print-screen of Bank Statement / e-Statement / Bank Account
3. Bank Account
A local Malaysian bank account opened in your name, with a balance of at least RM11.
Account Type
Cash Account
A cash account is similar to a debit card. You can only use the cash that's available in the account and all transactions must be settled in full on the designated settlement dates. However, this type of account cannot be used for securities trading and doesn't bear interest through collateral or credit arrangements.
Collateral Account (MY)
By pledging cash and/or securities as collateral, you can increase your investment power with a Collateralised Trading Account. This type of account offers leverage on your wealth and capital, allowing you to improve your investment returns with T+2 settlement. Our highly competitive flexi-brokerage rate ensures that you'll gain more by trading through us, giving you an edge over others in the market by allowing you to exit earlier and get better returns.
Margin Account (US & HK)
A margin account allows you to borrow funds from Malacca Securities Sdn Bhd (the “Company”) secured by the securities in the account, providing you with greater flexibility for securities trading. It's worth noting that, unlike a cash account, a margin account may bear interest and has no settlement deadline until a Margin Call is received. If the account's risk level reaches a certain threshold, the Company has the right to liquidate the securities in the account.
Get Started to Apply for Account Opening!
Follow these steps:
> Choose to register via Phone, and click "Log in or Sign up."
Remarks: Please use your Phone Number to register (instead of using email), to avoid duplication application issues.
> Enter the verification code sent to your phone.
> Set an account password.
> Complete the registration process.
Apply for Account Opening
Once you have registered an account in the M+ Global App, you can proceed to apply for account opening. Follow these steps:
> Visit the "Account" page, and click "Get started"
> Enter your contact information
IMPORTANT! Make sure the Invitation Code is MRF1
> Select the market and account type
Suggestion: Do not choose Islamic Account. (Cannot buy Shariah compliance stock)
> Start the authentication process and complete the CTOS authentication
> Enter your personal particulars
> Enter your employment details
> Enter your financial profile
> Provide your investment details
> Provide your taxation details
Tax Residency
Scenario A: If you are NOT subject to pay Tax
✱ Select “NO” for "Are you a tax resident of another country outside Malaysia",
Country choose “Malaysia”
✱ Select “NO” for "Do you have a Tax Identification Number (TIN)",
and Select option “C - No TIN is required.”
✱ FEA Rules Remarks:
If you have 1 or more than 1 housing loan/car loan, you will need to tick “I have...”
Scenario B: If you are Tax payer of other country
Remarks: Only select Yes when you are paying another country tax outside Malaysia. And provide TIN if have.
✱ Select “YES” for "Are you a tax resident of another country outside Malaysia",
and select your City of Tax Residency
✱ Tax Identification Number (TIN)
> Select “YES” for "Do you have a Tax Identification Number (TIN)",
and enter your TIN (Tax ID). If you not sure about your Tax ID, can put your IC number.
> If you no have TIN number, select “NO” for "Do you have a Tax Identification Number (TIN)"
✱ FEA Rules Remarks:
If you have 1 or more than 1 housing loan/car loan, you will need to tick “I have...”
> Accept the necessary declarations & Agreement
> Review and accept the agreement, submit your sign
> Pay the account opening fee of RM11
> Submit your account opening application for approval
Once done registration, do notify us & WhatsApp us your:
Full Name as per IC
NRIC / Passport Number
Contact Number as per WhatsApp
Email as per Registered
Open Account Date
Telegram Username (e.g. @Angeline_Stock_Angel)
Get in touch with our team
012-3507851 Support
019-5787851 Support
Assistance Hours
Mon – Fr 9:00am – 5:30pm
Saturday & Sunday – CLOSED
Angeline Khoo, a Licensed Stock Broker, Investment Advisor, and experienced dealer representative of Malacca Securities.
Malacca Securities Sdn Bhd provides securities brokerage services, and is a Participating Organisation of Bursa Malaysia Securities Berhad and licensed by the Securities Commission Malaysia. Since its formation in 1963, Malacca Securities has been building wealth together with retail investors and corporate organisations.
M+ Global is the online trading platform to trade in the local and foreign stock exchanges, offered by Malacca Securities Sdn Bhd.