Q: What advantage did Phillip Securities have 辉立有什么优势?
1) PhillipCFD have 10x leverage on US/HK bluechip stocks, 20x leverage on world indexes, you can use lesser capital to trade.
2) You can trade 1 share only for CFD Hong Kong bluechip instead of standard min lot size of 500 or 1000 shares.
3) Phillip is easier to use, also to transfer money is also easier to Phillip Maybank KL. Bank Negara don't like Malaysian to transfer money oversea US brokers.
4) You can transfer MYR directly to Phillip Maybank KL. For other brokers, you need to convert to USD first at bank & bank usually will charge you higher exchange rate.
4) Usually US broker, you also need to use VPN to log in, because Malaysia government block the internet access to US brokers.
5) You can buy SGD Unit Trust/Mutual funds that invest in China, US & other countries fund with "0%" commission. With this you can keep SGD and invest for long term as you know MYR is depreciating vs SGD.