iFast launches US, Hong Kong stockbroking services in Malaysia
Add BT as a preferred source
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.
READ MORE
- iFast eyes global reach by riding on growth of digital financial services
- iFast reports 55% jump in Q2 net profit, raises interim dividend
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom
As India and China surge ahead with nuclear energy, all eyes on Asean’s next move
