Equities
Transaction Costs
In addition to the cost of the shares bought or sold, the client will have to pay the following charges:
Transaction Costs
Transaction costs are expenses incurred when shares are bought or sold. Transaction costs include brokers' commission, stamp duty and clearing fees.
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Brokers' Commissions
Brokers' Commission Rates
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Stamp Duty
The stamp duty is as follows:-
- For “shares or stock” - the stamp duty is RM1.00 for every RM1,000 (or fractional part) of the transaction value of securities (payable by both buyer and seller). The stamp duty shall be remitted to the maximum of RM1,000; and
- For “marketable securities” - the stamp duty is RM1.00 for every RM1,000 (or fractional part) of the transaction value of securities (payable by both buyer and seller). The stamp duty shall be remitted to the maximum of RM200.
An instrument relating to the sale and purchase of retail* debenture and retail* sukuk as approved by the Securities Commission under the Capital Markets and Services Act 2007 [Act 671] are exempted from stamp duty. This exemption order applies to a retail investor who is an individual* for instruments executed on or after 1 Oct 2012 and not later than 31 Dec 2015.
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Clearing Fees
- Novated contract (On market transaction)
0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract. There is no minimum fee imposed. - Direct business contract
0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract and a minimum of RM10.00.
- Novated contract (On market transaction)
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Buying-in Fee
Fee of 1% of the buying-in contract value in the currency in which the securities are traded will be charged by the Exchange against the defaulting Participating Organisation. The defaulting Participating Organisation has the right to recover such fee from the defaulting client and is entitled to a rebate of 50% from that fee. This fee has to be settled by the defaulting selling PO on T+1 of the buying-in transaction date. The collection of fee will be part of the daily settlement amount.
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Trading Fees
A Participating Organisation must pay to the Exchange a fee at the rate of 0.0025% of the Contract Value (as defined in Rule 11.01).
* Please refer to "STAMP DUTY (REMISSION) (NO. 3) ORDER 2023"
In addition to the above, Participating Organisation will also have to bear the following as part of their trading cost to the Exchange: