DIGITISATION has enabled us to manage our entire financial world at our fingertips and investment is one area where the digital revolution has facilitated end-to-end services online.
Singapore-based wealth platform
iFAST Corporation recently revealed that the Group’s Malaysian division,
iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians.
The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online multi-asset digital investment platform, which focuses on serving self-directed investors.
The addition of US and Hong Kong stockbroking services in Malaysia has come after the launch of stocks and ETFs listed on the local stock exchange in March of this year This development is consistent with the Group’s mission of offering a complete wealth management solution to Malaysian consumers. These offerings are similar to what’s available in other key markets like Hong Kong and Singapore.
KUALA LUMPUR: FSMOne Malaysia expects to attract more Malaysian investors to its trading platform through its latest offering which allows local investors to trade in securities in the United States (US) and Hong Kong (HK).
Its general manager Wong Weiyi said the company saw a growth in investors on the platform over the past 18 months, due to an increase in financial literacy during the COVID-19 pandemic, while investors also diversified their investment income.
He noted that more sophisticated investors were also looking at hedging against the weakening of the ringgit by investing in foreign equities. As a minimum baseline, we hope to hit 30,000 new investors over the course of the remaining year as there are a lot of investors out there who are excited about trading foreign shares, Wong told reporters after the virtual launch of FSM Trading US/HK Platform today.
iFast Capital opening doors for investors with Malaysia s first ever multi-asset digital investment platform
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Kuala Lumpur, 1 April 2021 – iFAST Capital Sdn. Bhd., a wholly-owned Malaysian subsidiary of iFAST Corporation Ltd is announcing the launch of its latest stocks and exchange-traded fund (ETF) brokerage services on FSMOne in Malaysia - an online wealth management platform providing the widest range of products available to aid investors in their investment goals.
In line with iFAST Capital’s commitment to provide the best of wealth management all under one platform, the new product launch will not only permit do-it-yourself (DIY) investors to acquire unit trusts, direct bonds, managed portfolios and insurance, but to also gain convenient access to Stocks and ETFs listed on Bursa Malaysia.