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iFast Malaysia launches stockbroking services in the US and Hong Kong

Felicia Tan
Felicia Tan • 1 min read
iFast Malaysia launches stockbroking services in the US and Hong Kong
There is a minimum of US$8.80 ($11.91 or RM37) or HK$50 ($8.71 or RM27) per trade respectively.
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iFast Corporation’s Malaysia arm, iFast Capital, has launched trading capabilities in US- and Hong Kong-listed securities on FSMOne.com, its business-to-consumer (B2C) online multi-asset digital investment platform on July 30.

Products on the platform include stocks and exchange traded funds (ETFs).

The addition comes after the introduction of stocks and ETFs listed on Bursa Malaysia in March.

See also: iFast Malaysia launches stockbroking service on FSMOne.com

Investors in Malaysia are now able to transact in US- and Hong Kong-listed stocks and ETFs at a commission fee of 0.08%, similar to the pricing structure offered for Bursa-listed counters.

There is a minimum of US$8.80 ($11.91 or RM37) or HK$50 ($8.71 or RM27) per trade respectively.

See also: Asia Pacific VC flow into fintechs dropped 27% y-o-y in 2023: S&P Global Market Intelligence

As at 3.29pm, shares in iFast are trading 9 cents lower or 1.1% down at $8.03.

Photo: iFast

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