Affin Hwang Investment Bank Berhad Account Types

Affin Hwang Investment Bank Berhad (AHIBB) offers a cash upfront trading account known as the Cash Management Account (CMA). This account allows investors to trade shares listed on Bursa Malaysia and major international exchanges. The CMA enables users to invest in shares up to the cash available in their account, subject to a haircut of 1% or a minimum of RM50 for transaction costs. The brokerage fees for trading are competitive, starting from as low as RM5 for trading values below RM9,999.99. For trading values between RM10,000.00 and RM99,999.99, the fee is 0.08% of the trading value, and for amounts equal to or above RM100,000.00, the fee is 0.05%.

Affin Hwang Investment Bank Berhad Broker Account Opening Process

Opening an account with Affin Hwang Investment Bank through the einvest go platform is a fully online process. Here are the steps involved:

• Eligibility: Ensure you meet the requirements for opening a CMA account.
• Document Submission: Prepare and submit the following documents:
• A scanned clear copy of your identity card (NRIC front and back) or valid passport (personal details page).
• A scanned copy of your recent bank statement (latest 1 month of transaction details) showing your name, bank logo, and account number.
• Knowledge-Based Questionnaire (KBQ): Complete the KBQ, which consists of 5 questions based on your credit profile. A failure to pass this test may lead to application rejection.
• Account Approval: The approval process typically takes around 1-2 business days, subject to document verification and AHIBBs discretion.
• Funding Your Account: Once approved, you can fund your CMA account and start trading.

For more details, you can visit Affin Hwang eInvest Go.