As recently as May 2023, local brokerage firm Malacca Securities Sdn Bhd launched M + Global, allowing users to trade shares listed in the US and Hong Kong online at very low transaction fees.。

Today's financial evaluation series for you to open the box and evaluate M + Global, the evaluation content includes:

• M + Global Benefits
• M + Global Disadvantages
• M + Global Trading Commission and Other Fees
• M + Global Account Security
• Who is M + Global for?？

M + Global Background

M + Global was launched in May 2023 by Malacca Securities Sdn Bhd.。Malacca Securities Sdn Bhd is a 60-year-old brokerage firm founded in 1963.。

At first, Malacca Securities Pte Ltd was just a small brokerage。Subsequently, the company turned to digital, launching the M + Online Internet stock trading platform in 2012 and has now grown into a well-known stock brokerage in Malaysia.。M + Online mainly provides investors with a convenient and easy-to-use interface to trade Malaysian stocks。

As M + Online has become more and more popular with locals, Malacca Securities Pte Ltd has also launched a platform that can trade overseas stocks, namely M + Global。Currently, M + Global mainly provides securities trading services in the U.S. and Hong Kong markets, including derivatives such as equities, ETFs, turbines, and CBBCs.。

In addition, M + Global also has a Margin Account, which allows investors to maximize portfolio earnings growth through。

The following is a brief summary of the key information of the M + Global trading platform.

Launch Year	2023
Account Type	Direct CDS Account
Investment products	Stocks, ETFs, Wo Lun, Bull Bear Securities
tradable stock market	United States, Hong Kong
Minimum account opening threshold	RM 11
Access mode	Bank of Malaysia Online Transfer
Minimum amount of deposit and withdrawal	Minimum deposit amount: RM 100 Minimum deposit amount: None
Access fee	None。If the amount of the withdrawal is less than RM100, M + Global will levy a withdrawal fee of RM1.
Account idle fee	None

M + Global Features

One account invests in U.S. and Hong Kong stocks

With a single M + Global investment account, users can invest in derivatives such as equities and ETFs in the Hong Kong and US markets。Both the United States and Hong Kong are among the world's largest financial markets, where many high-quality large companies from around the world are listed.。Provide U.S. and Hong Kong stock trading services, allowing users to have more investment options and diversify their portfolios.。

Lingi Worry-Free Trading of Hong Kong and US Stocks

Users only need to use ringgit to deposit money every time。When the funds arrive, if you want to trade U.S. or Hong Kong stocks, M + Global will automatically convert the ringgit into U.S. dollars or Hong Kong dollars for trading when the system clears.。Subsequently, the US dollar or Hong Kong dollar earnings from the exchange will be deposited separately in the account for the next transaction and will not need to be converted back to the ringgit.。

The funds in each currency can be seen in the M + Global APP, allowing users to keep track of their funds。

One of the lowest commissions for local brokers

Currently, M + Global's U.S. stock and ETF trading commissions are 0 of the trading value..10%, minimum USD 3 per transaction, one of the lowest commissions for local brokers。

Hong Kong stock trading commission is 0 of the trading value..10%, minimum HKD 18 for a single transaction, also one of the lowest fees in the market。

Local Brokers	M+ Global	Rakuten Trade	CGS-CIMB	FSMOne
U.S. Stock Market Trading Commission	0.10% * lowest transaction value USD 3	0.10% * minimum transaction value USD 1.88 Maximum USD 25	0.25% * minimum transaction value USD 18	0.08% * lowest transaction value USD 8.80
Hong Kong Stock Market Trading Commission	0.10% * lowest transaction value HKD 18	0.10% * lowest transaction value HKD 35	0.2% * lowest transaction value HKD 80	0.08% * lowest transaction value HKD 50

Provide a Margin account

M + Global provides Margin Account for all users。Through an extended account, investors can use their existing funds or positions in the account to finance the purchase of more shares.。

For example, if you have RM 10,000 in your account and the initial margin ratio / lever (initial margin ratio / lever) of the stock you want to buy is 30%, then you can buy RM 30,000 with RM 10,000 through your M + Global margin account。M + Global's financing rate is 8% per year.。

An extended account allows investors to buy a larger number of stocks with a smaller amount of money, maximizing returns through an extended account.。

Compared with other brokerage firms, the process of opening an account in M + Global is very simple and fast, and there is no need to submit many forms, just choose to open an account during the account opening process.。

In addition, the use of M + Global's extended account transactions is not complicated, when the user in the order transaction input units more than the account cash balance, the system will pop up a prompt window to remind the user will use the extended way of trading, after confirmation, click "Confirm" can complete the extended transaction.。

Experience of using M + Global

Advantage 1: the whole line to open an account quickly and easily

M + Global account is very convenient。The entire account opening process is very fast for both old users (existing M + Online users) and new users。

M + Global explained that the account opening time is 1 to 3 working days, and the SSF team will receive a notice of successful account opening on the second working day after completing the account opening process on June 6.。

Advantage 2: into the gold, gold fast

Since it is a gold deposit, M + Global's deposit and withdrawal rates are very fast.。

The measured use of bank FPX transfer deposit, the funds are immediately to the account, no need to pay bank or remittance fees。

In terms of withdrawals, the author successfully deposited into a bank account after the second working day of the withdrawal application.。

In addition, Malacca Securities (Malacca Securities) also offers users to transfer funds between M + Online and M + Global (Inter Transfer), the process is also very fast, are immediately to the account。As long as the accounts of M + Global and M + Online are held by the same person, users can transfer between 8: 30 a.m. and 5: 30 p.m. on weekdays.。

Advantage 3: Provide pre-market after-market trading of U.S. stocks

M + offers pre-market and after-market trading in U.S. stocks, i.e., non-regular trading hours (Non-regular Trading Hours)。Pre-market and after-market trading can provide investors with more flexibility, such as most companies will release earnings or news after normal trading hours, even if trading hours have ended, but investors can still make buying and selling decisions based on the company's news during unconventional hours.。

If you are not aware of the U.S. stock trading session, please refer to the following schedule.

	Eastern Time	Malaysia Time (Daylight Saving Time - April to October)	Malaysia time (winter time - November to March)
Pre-market trading session	04:00 – 09:30	16:00 – 21:30	17:00 – 22:30
Regular trading sessions	09:30 – 16:00	21:30 – 04:00	22:30 – 05:00
After-hours trading session	16:00 – 20:00	04:00 – 08:00	05:00 – 09:00

Advantage 4: customer service reply quickly

If you have any questions, the fastest way is to contact customer service in Live Chat in M + Global APP。The SSF team contacted M + Global's customer service on Live Chat in the app several times during the test, and even in the evening, the customer service would reply within 2 minutes.。

In addition, SSF also tried to contact customer service by phone, customer service is within 1 minute to connect the phone, and very patient to answer questions。Users can choose to use English or Malay to contact customer service by phone.。

M + Global's customer service hours are 24 hours a day from 8: 00 a.m. on Monday to 5: 00 a.m. on Saturday.。

Advantage 5: Provide real-time quotes (Real Time Data)

M + Global provides real-time quotes (Real Time Data) that are extremely important to investors, including real-time quotes for Hong Kong stocks LV 1 and LV 2, as well as US stocks NASDAQ LV1 quotes。

Real-time quotes provide timely market data, including stock prices, liquidity between buyers and sellers in the market, order thinning depth, etc.。Keeping track of real-time quotes enables investors to get ahead of others, identify individual stocks and market trends more accurately and quickly, and execute orders in their favor in the most efficient way.。

The following shows you the real-time market of M + Global Hong Kong stocks LV 1 and LV 2.

hong kong stocks LV 1 real time market

hong kong stocks LV 2 real time market

Disadvantage 1: Fewer platform tools

M + Global is a startup platform, so it offers fewer tools。For example, M + Global does provide technical charts, but does not provide drawing tools.。This is less convenient for technical investments and does not allow for all the technical analysis that is required on one platform.。

But for most novice users who are just starting to invest, it is enough。

Disadvantage 2: no free real-time quotes

After the end of the free real-time quotes offer, M + Global does not provide free real-time quotes from the Hong Kong and U.S. stock markets.。

The subscription price for Hong Kong stock LV 1 real-time quotes is HKD 88 per month.。LV 2 is HKD 288 per month; U.S. stock NASDAQ Basic quotes are $2 per month..99。

Real-time quotes are important to investors because they allow them to accurately grasp the movements of individual stocks in order to make accurate investment decisions.。However, as long as you use the SSF exclusive link to open an account before August 31, 2023, you will be able to enjoy a 30-day real-time market for Hong Kong stocks LV 1 and a 90-day market for U.S. stocks NASDAQ LV1.。

Disadvantage 4: information resources are not comprehensive enough

Although M + Global provides market news, the author believes that this is not comprehensive enough for novices and investors.。In M + Global's news feed, users can see news feeds updated primarily by CNBC, Seeking Alpha, Aastocks, Bloomberg, and M + Global itself。However, M + Global does not provide videos of financial news reports and analyst interviews, market newsletters, or learning resources that allow users to increase their investment knowledge.。

However, it is understandable that M + Global is a new platform and will take time to develop more useful resources。I believe that M + Global can provide users with more high-value functions and resources in the future, allowing users to increase their investment knowledge and invest more efficiently.。

What other users say？

The author looked at the evaluation of M + Global on the App Store and Google Play。On the whole, good reviews are more than bad reviews.。The main positive comments are that the M + Global App is simple and easy to use, and the overall smoothness can help users successfully complete transactions on the App; the main negative comments are that the system still has some loopholes that need to be improved, the customer service is not professional enough, and the service is not good enough.。

Is it safe and legal to invest in M + Global?？

M + Global's parent company, Malacca Securities Sdn Bhd, has a 60-year history in the Malaysian securities trading services industry.。Malacca Securities Limited holds a Capital Markets Services Licence (CMSL) and is regulated and permitted to trade securities by the Securities Commission of Malaysia (SC) and the Bursa Malaysia Stock Exchange (Bursa Malaysia).。

Who is fit to use M + Global？

If you are a Malaysian national and do not intend to enter the foreign exchange market or trade foreign stocks, then M + Global is the ideal choice for you.。This is because on the M + Global platform, you can easily trade US and Hong Kong stocks with just a deposit in Malaysian currency。This feature helps users reduce the cost of foreign exchange trading pressure。

For investors already using M + Online, M + Global is undoubtedly the best tool to start a journey to invest in U.S. and Hong Kong stocks。The M + Online and M + Global platforms support the transfer of funds between each other, so if you already have funds in M + Online, you can quickly transfer funds to another account by simply transferring funds to each other in the M + Global app.。

In addition, M + Global is also the first choice for novice investors。The main reason is that its investment platform is designed to be easy to operate, the trade order process is simple, and the interface design is simple and clear.。Compared to other complex platforms, such as moomoo, Rakuten Trade, TD Ameritrade, etc., M + Global is more user-friendly, making it easy for novices to get started investing。