Recently, we looked at the possibility to withdraw part of EPF money for personal investment. EPF makes it clear that we can only invest through external fund managers appointed by the Ministry of Finance and we are not allowed to invest the money directly in Stock Market.
However, recently I received an email from my stock broker, Jupiter Securities in partneship with Amara, offering me to directly invest in stock market with EPF money. A quick check, I find out that Amara is one of the approved external fund manager. I am not sure this is legal or otherwise.
Online stock broking offer more benefit than the conventional ways of trading through phone calls. No more excution delay because of remiser not in the office or engage with other clients. The most important reason why online stock broking is attractive is due to low brokerage fees and also there are an option for mobile trading.
Because of too many stock brokers available, it become difficult to choose which one is suitable. The comparison table below may help for you to make decision.
This list is still not final as some of the info is not available at their respective website. Feedback from readers are appreciated in order to complete the comparison. Kindly leave your comments if you like to add or found there are errors in the comparison table.