iFast launches US, Hong Kong stockbroking services in Malaysia

THE Malaysia operation of AIY , iFast Capital, has launched stockbroking services for US and Hong Kong-listed securities for the Malaysia market, the online brokerage said in a bourse filing on Friday.

The services will be offered via FSMOne - the group's business-to-consumer online multi-asset digital investment platform - and will include US and Hong Kong-listed stocks and exchange-traded funds (ETFs).

iFast said this is in line with its objective to provide a comprehensive wealth management platform in Malaysia, similar to its other markets in Singapore and Hong Kong.

The transaction for the stocks and ETFs will involve a commission fee of 0.08 per cent, subject to a minimum of US$8.80 or HK$50 (S$8.70) per trade, respectively.

Shares of iFast closed at S$8.02 on Friday, up S$0.10 or 1.23 per cent.

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