Is it true that you want to invest in US (Wall Street) stocks, you only need USD 0 of capital??
If you invest in Bursa Malaysia, for now it's a bit impossible to invest shares with a capital as low as RM10. The lowest brokerage fee only offered by local brokers is around RM5.00 to RM8.00 for one transaction.
The minimum unit purchase is also 1 lot or together with 100 units.
This is different from the stock market in the United States where investors may purchase a minimum of 1 unit only.
But is it okay to invest in the US with a capital of only RM10?
If we refer to the exchange rate of Bank Negara Malaysia, USD 1.00 equals RM4.2313. So with a capital of RM10, if it is exchanged for US Dollars without considering the costs involved, we will only get around USD2.36.
With a capital of USD 2.36 dollars, what stocks can we buy?
Before we think about what stock to buy, we need to think about which broker to use if our investment capital is as low as USD2.36.
Indeed, a local broker who offers the service of investment in the global market will not be an option because so far the cheapest one is charging a minimum brokerage fee of USD 5.00 for one transaction.
Find a Free Brokerage Fee
So to invest with very low capital, investors need to find a broker that offers free or cheapest brokerage fees.
However investors also need to know about the conditions that each of these brokers subject to in order to open a trading account with them such as:-
Minimum deposit
Minimum transaction a month
Additional charge for deposit/withdraw
Traders also need to make sure this broker is monitored by the respective country's authorities or not.
There is no doubt that there are brokers who offer free brokerage fees to investors. So is it true that you can invest with a capital of rm10, right?
If it's based on a brokerage fee, it looks like it's okay.
But is it okay to invest using a conventional platform?
There is a way for Muslim investors to use conventional accounts to trade global stocks.
Turning to the question of which stock to buy with a capital of USD 2.36?
Now you can invest with a capital of USD2.36 with the Gotrade platform because you can buy shares by owning fraction stock.
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