Your preferred brokerage account

Below are the factors worth considering:

  1. Direct / Nominee account Make sure you know the differences between nominee & direct account. Basically nominee accounts can be opened quicker , as your account is opened under a “nominee” , as the name suggests. Some of the limitations of nominee accounts are:
  2. you’ll need to request from your broker to attend AGM etc
  3. longer time to receive dividend
  4. not sure if there’s extra charges for the above services. But I heard that there is.

  5. Do you need your account urgently ? To get your account opened as soon as possible , you may go for brokers like Rakuten , Mplus. You can finish all your application processes via online. I heard that Rakuten opens account very quickly. Note : Rakuten and Mplus both provide nominee accounts , which is why you can apply your accounts online.

  6. Brokerage fee. Mplus , Rakuten , HLeBroking and CIMB are some of the well known brokers. That offer cheap brokerage fee. Do compare their brokerage fee in detail.

/r/bursabets Thread