iFast Malaysia, a wholly-owned Malaysian subsidiary of iFast Corporation has launched its stocks and exchange-traded funds (ETFs) brokerage services on FSMOne.com in the country.
The new range of services is in line with iFast Malaysia’s commitment to provide wealth management solutions all under one platform.
Investors now can invest in unit trusts, bonds, managed portfolios, insurance, stocks and ETFs listed on Bursa Malaysia.
iFast Malaysia is the first investment platform to become “Participating Organisation” onboarded on the Bursa since 2009.
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In addition to the launch, iFast Malaysia is looking to broaden its markets to provide stocks and ETFs listed in the US and Hong Kong in the “near future”.
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The brokerage commission fee offered on FSMOne.com Malaysia is 0.05% with a minimum fee of RM8.80 ($2.85).
That said, for a period of one month from March 29, investors who trade in Bursa-listed stocks and ETFs get to enjoy trades with 0% commission fees.
Shares in iFast closed 8 cents lower or 1.3% down at $5.94 on March 26.
