How much you need to pay for buying or selling a stock?
Before you decide to buy a stock make sure that you know how much you need to pay for it. The following charges are the cost to you when buying a stock in Bursa Malaysia.
1. Brokerage Charge
The brokerage charge could be up to 0.7% of the contract value but depends on broking company. Normally broker will offer lower brokerage charge for online trading account.
2. Clearing Fee
Clearing fee fixed at 0.04% of the contract value and with maximum of RM500.00 per contract.
3. Stamp Duty
RM1.00 for every RM1000.00 or fractional part of the stock value with maximum of RM200.00 per contract.
4. Stock price
The current market value.
Example:
| Brokerage: | 0.07% |
| Clearing Fee: | 0.04% |
| Stock Price: | RM2.50 |
| Stock Unit: | 3000 |
| Stock Value = = = |
Stock Price x Stock Unit 2.5 x 3000 RM7500.00 |
| Stam Duty = | RM8.00 |
| Brokerage = = |
(RM7500 x 0.07) / 100 RM52.50 |
| Clearing Fee = = |
(RM7500 x 0.04) / 100 RM3.00 |
| Total Fee = = |
RM7500.00 + RM8.00 + RM52.50 + RM3.00 RM7563.50 |
