About Bursa Anywhere Mobile Apps

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Just a sharing on some useful functions in Bursa Anywhere mobile apps which might benefit. Bursa Anywhere actually is a new mobile app launched by Bursa Malaysia, and this mobile apps enables investors to check their stocks they are holding with which broker/CDS account.

 

 What is CDS account?
- Whenever you open a trading account with any broker or investment bank, you will be opening a CDS account with Bursa Malaysia too. Meaning if you open an account with Broker ABC, you will be opening a CDS account no #123 too. So any share you buy via broker A will be "stored" in CDS account #123.
- If you have another broker XYZ (with CDS account no #789) and buy share via the broker, your share will be stored in CDS account #789.
- If you want to transfer share out from broker XYZ to broker ABC, you need to transfer share from CDS account #789 to CDS account #123. (You need to go broker XYZ to transfer your share out, each counter transfered out will be charged RM10)

Can I buy share via Bursa Anywhere?
- Nope you can't (for now at least), you only buy shares through brokers or investment banks

What if my account turned dormant?
- Normally CDS account only turned into dormant account if not doing any trade for 3 years. You need to sign reactivation form with the corresponding broker and pay a fee to Bursa Malaysia. Or you can activate the CDS account in Bursa Anywhere apps too.

Other Services:
- View or save the Bursa Monthly Statement
- Update CDS account details
- Transfer of Securities/shares


Happy Trading!

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