Q & ACategory: StocksTrading platform for Singapore stocks
Jooli asked 8 months ago

Dear KC & Ian, 
Kindly advice which trading platform is the most cost effective to invest into SGX for passive Malaysian investor.
 
Thanks, 
Jooli

1 Answers
KCLau Staff answered 8 months ago

Hi Jooli,
I use Philip Capital Singapore. 
You can use my referral link: https://kclau.com/poem

You can open the account entirely online from Malaysia.
And when you fund your trading account, you can bank in/transfer RM to their Malaysia Maybank account.
I did that and saved the hassle and transaction fees of sending money overseas.

Jooli  replied 8 months ago

Hi KC,
1. Which type of account would you recommend? Cash plus account or cash management?
2. If transfer MYR directly to their malaysia account, I have to convert currency via poem platform is it?

Kindly advice.

KCLau  Staff replied 8 months ago

1. I used the cash plus account.
2. Yes, convert to SGD when the RM shows in your account, through POEMS platform.

Jooli  replied 8 months ago

Thank you very much for the reply.