HLeBroking Account Type

HLeBroking, provided by Hong Leong Investment Bank in Malaysia, offers several types of stock trading accounts tailored to different trading needs. The main account types include:

• Value Trade:
• This is a cash upfront account.
• Brokerage Fee: 0.106% (including GST).
• Interest on cash in trust account above RM 1,000 at a rate slightly lower than the fixed deposit rate.
• Trading Limit: Cash 0.99x.
• Power Trade:
• A collateralized trading account allowing trading up to 2x cash in trust account and 2x share collateral value.
• Brokerage Fee:
• For contract value RM 100k & below: 0.4028%.
• For contract value above RM 100k: 0.1908%.
• Minimum brokerage fee: RM 12.72.
• 1Trade:
• A hybrid trading account that combines features of both Value Trade and Power Trade.
• Brokerage Fee:
• If purchase is fully covered by cash in trust account: 0.106%.
• Selling within T+3: 0.106%.
• Selling within T+4 and T+7:
• Above RM 100k: 0.1908%.
• Below RM 100k: 0.4028%.
• Minimum brokerage fee: RM 8.48.
• Allows for day trading with a low brokerage rate of 0.106% for both buy and sell transactions within the same day.

HLeBroking Broker Account Opening Process

To open a trading account with HLeBroking, follow these steps:

• Visit the HLeBroking Website: Go to the official HLeBroking onboarding page.
• HLeBroking Onboarding

• Fill in Personal Details: Provide your personal and contact information in the application form.

• Submit Application: After completing the form, submit your application online.

• Contact from HLeBroking: A representative from HLeBroking will contact you to arrange for the signing of forms and to complete the application process.

• Account Activation: Once your application is processed, you will receive confirmation of your account activation, allowing you to start trading.

By following these steps, you can easily set up your HLeBroking trading account and begin trading in local and international markets.