Customary Chartered Malaysia has launched SmartStocks, a world equities buying and selling platform that allows its prospects to commerce on numerous exchanges throughout seven world markets by way of a single account. Out there on-line, this platform additionally permits them to commerce utilizing real-time change charges.
Based on Customary Chartered, SmartStocks prospects will be capable to take pleasure in higher comfort and improved accessibility when buying and selling, provided that they’ll now commerce on as many as 12 exchanges – all from a single account. The 12 exchanges embody:
- Bursa Malaysia
- Singapore Alternate (SGX)
- Hong Kong Inventory Alternate (HKEX)
Moreover, SmartStocks shoppers may also be capable to take pleasure in minimal brokerage charges, with easy brokerage pricing tiers which can be relevant for all markets. Relying on which consumer section that you simply fall into, chances are you’ll even be entitled to a 0% brokerage charge. Listed below are the complete pricing tiers on your reference:
Shopper section
Preferential brokerage charge Private 0.10% Premium 0.08% Precedence 0.05% Precedence Non-public 0.00%
Customary Chartered prospects who want to faucet into SmartStocks will first must open a SmartStocks account on-line (at no cost) in a number of easy steps:
You’ll then must key in a one-time password (OTP) despatched to your registered cell quantity to finish the applying course of. Lastly, you can begin buying and selling as soon as your SmartStocks account is efficiently opened.
“Malaysian retail traders are nonetheless going through challenges to achieve entry to world markets, with excessive transaction charges remaining an enormous concern. With SmartStocks, we’re breaking down these obstacles by making it extra handy and reasonably priced for our shoppers to diversify into shares throughout a number of markets onshore,” stated the top of client, non-public and enterprise banking for Customary Chartered Malaysia, Sammeer Sharma.
Sharma additional acknowledged that SmartStocks may also amplify the financial institution’s wealth administration proposition and additional digitise its banking providers for its prospects.