Yes, you need to have a CDS account with RHB Investment Bank Berhad to trade online. There are two options – you may choose to open a CDS account under your own name or open a CDS account under RHB Nominees (a wholly owned subsidiary of RHB Investment Bank Berhad) favouring your name as the beneficial owner.
How do I open a CD account in Malaysia?
For new accounts, the Application for Opening of Account form must be submitted to the stockbroking company where the depositor intends to open the CDS account. For other transactions, depositors are required to submit the forms to the stockbroking company where the CDS account is maintained.
How do I open a RHB TradeSmart account?
Complete the form and submit together with a photocopy of RHB Bank account statement / bank passbook your Dealer’s Representative/Remisier….DOWNLOAD FORMS
- Print out this form.
- Fill in all relevant sections from A to D.
- Once done, bring it to the nearest branch or the branch that you have applied to open your account.
What is available credit limit in RHB TradeSmart?
You may check your trading limit with your respective remisier / dealer. RHB Investment Bank Berhad will grant a trading limit that is equivalent to two times your cash deposit or one time your shares value deposited minus approximate brokerage cost and fees, but this is subject to change.
How do I know if I have a CDS account?
One can access the SMS service by sending an SMS with the word Register to 22372 and following the instructions thereof to complete the registration. The SMS service allows you to access your CDS account and keep track of your shares on your mobile phone anywhere and at any time.
How do I register my CIMB CDS account?
CIMB CLICKS ONLINE BANKING
- Visit to sign up as a user.
- Click on Sign Up & select Online Registration.
- Read & accept the Online Terms & Conditions.
- Complete the Online Registration Form and click Submit.
Is Rakuten legal in Malaysia?
Yes, Rakuten Trade is licensed by Securities Commission Malaysia and holds a restricted Capital Markets Services License (“CMSL”) to deal in listed securities and to provide investment advice. In fact, Rakuten Trade is one of the fastest in processing your withdrawal requests.
Is Rakuten a CDS account?
Recap: Rakuten Trade stock trading accounts are Nominee CDS. Meaning, you do not have to deal with all the related paperwork in your investing or trading journey.
What is CDS account?
A Central Depository System (CDS) account is an account that records the ownership of your stock holdings and any of your transaction history whenever you buy or sell shares. Take it as an electronic safe box that keeps your shares.
How do you use the RHB TradeSmart app?
Using your Android or iOS device (smartphone or tablet), go to Google Play store or iTunes and download the app. Once downloaded, RHB TradeSmart customers can use the same login ID and password to access the new mobile app and trade as normal.
How do I withdraw money from RHB smart trade?
Note: You may use the balance in your Trust Account to settle any outstanding purchases or you may withdraw the balance by submitting a Trust Withdrawal Form to your dealer or remisier.
