How to get remisier license in malaysia

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Speak to an expert. Yes, take me there. Average Salary RM 2, - 3, Job Demand. Who is a Stockbroker? A Stockbroker manages the financial portfolio of a client who can be an individual or a company. The pros and cons of being a Stockbroker: Pros. Sometimes you will have to deal with irate clients. Health of the market impacts your finances.

What are all the responsibilities of a Stockbroker? Know the current tax and financial legislation. Ask the Experts Incase of any queries. What skills do you need to become a Stockbroker? What field s of study should you choose to become a Stockbroker? What are the requirements to be a Stockbroker?

What are the working hours of a Stockbroker? Who are all the top recruiters for Stockbroker in Malaysia? This is due to the fact that commissions are supposed to be higher for them. A remisier allows investors to purchase or sell stocks at current prices whenever they are calling to buy or sell shares. Reliability firms rarely suggest investors buy now or later since it is possible sometimes to get a better deal if the stocks are purchased later on.

Each client who invests through the broker pays a portion of the brokerage to the remisier. A sub-broker and a Remisier serve the same purpose — in essence. They act as a link between an investor and a stockbroker and are compensated for their efforts. Nonetheless, their business models are vastly different. Remisiers are persons who are engaged by brokers or other brokerage firms to solicit business on commission basis in the securities market.

Agents who are employed by brokers to provide them with new clients are known as Remisiers. Brokerage commissions are received as earnings on the sales made. In order to be hired by broking houses, remisiers must register with the stock exchange. Julie November 16, News. Can Remisier Give Investment Advice? How Does Remisier Make Money? Remiseurs : Similar to the Brokers, with the exception that they are partners with IBanks, for which they are responsible for profit sharing usually Clients who seek specific recommendations or advice on securities will have to be referred to a licensed person by their Introducing Representative.

A Remisier is neither a Dealer nor a Franchisee. A Dealer is a direct employee of the company who is remunerated on a monthly salary basis. As a stock broker, you must have at least two years of experience in a brokerage firm and a graduation.

The previous step to becoming a broker is being a sub-broker, meaning that you need to have completed the 12th grade.

The minimum age to apply is 21 years old. Brokers act as agents for their clients in the buying and selling of stocks. Online discount brokers are now the most popular means of buying and selling. As a result of this automated process, fees are reduced. It is true that both Dealers and Remisier are salespeople, however, Remisier are more like a salesperson because their income depends on their profits.

This is a definition. As a sub-broker, any person who is not a trading member of a stock exchange, but acts on behalf of one as an agent or otherwise allows investors to deal with securities through a trading member, is a third party. The average stockbroker does not make the millions that we imagine; in fact, some stockbrokers lose a lot of money as a result of their trading activities. In most companies, employees are paid base salaries plus commissions for their trades. Since commissions are supposed to be higher, they earn more money.

Remisiers work on their own to bring in new business for a broker. Brokers receive a share of the brokerage from their clients when they trade through them. A remisier allows investors to purchase or sell stocks at current prices whenever they are calling to buy or sell shares.

Any info is most welcomed! Can someone to give me a Loan and then leave me Alone? Quote from: warren buffet on August 20, , PM. Quote from: kittima on August 20, , PM. Quote from: ikan besar on August 20, , PM. StockGod Viscount Posts: 7, If u have rich friends who need u to monitor their investments, yes go for it. If u don't, forget about it.