Who Should Read This Guide
If you’re a Malaysian investor holding stocks through M+ Global and want to move your shares to another broker, or you’re receiving shares from elsewhere, you need to know the exact costs involved. This guide breaks down every fee you’ll encounter.
Stock Transfer Fee Structure
M+ Global charges different fees depending on whether you’re transferring shares in or out, and which market your shares are listed on. Here’s the complete fee table:
| Shares | Transfer Type | Fee |
| HK shares | Transfer in | Free |
| HK shares | Transfer out | HKD20/board lot (less than 1 board lot will round up to the nearest board lot), Min. HKD600 for each transaction. |
| US shares | Transfer in | Free if via Free of Payment (FOP) method |
| US shares | Transfer out | USD10.00/share, Min. USD300 per transaction. |
Understanding HK Share Transfers
Transfer In (Receiving Shares)
Moving HK shares into your M+ Global account is completely free. There are no charges or hidden fees when you receive shares from another broker.
Transfer Out (Sending Shares Away)
When you transfer HK shares out of M+ Global to another broker, you’ll pay HKD20 for each board lot. A board lot is the standard trading unit for Hong Kong stocks (typically 1,000 shares, though this can vary by stock).
Important: If you’re transferring fewer than 1 board lot, the fee rounds up to the nearest full board lot. Every transfer-out transaction has a minimum charge of HKD600.
Remisier tip: Before initiating a transfer, check how many board lots your shareholding represents. This helps you forecast the exact cost and decide if the transfer makes economic sense for your position size.
Understanding US Share Transfers
Transfer In (Receiving Shares)
Receiving US shares into M+ Global is free—but only if you use the Free of Payment (FOP) method. FOP is a direct transfer mechanism where shares move from your previous broker to M+ Global through The Depository Company (DTC) without any payment exchanged at the time of transfer.
Transfer Out (Sending Shares Away)
Transferring US shares out of M+ Global costs USD10 per share, with a minimum charge of USD300 per transaction. This means even if you’re transferring just a handful of shares, you’ll pay at least USD300.
Important Terms and Conditions
Fees Are Non-Refundable
If your stock transfer fails to process for any reason, the transfer fee you paid is non-refundable. This is why it’s crucial to ensure all details are correct before submitting your transfer request.
HK Scrip Fee Concession
If you frequently transfer large volumes of HK shares, you may be eligible for a scrip fee concession. The application fee is HKD2500, and you must hold a minimum of 1,000 board lots to qualify. Note that this application fee is non-refundable if your application is unsuccessful.
Remisier tip: The scrip fee concession is only worth pursuing if you’re making multiple large HK share transfers. For occasional, smaller transfers, the application cost likely outweighs the savings.
Key Takeaways
- HK share transfer-in is free; transfer-out costs HKD20 per board lot with a HKD600 minimum per transaction
- US share transfer-in is free via FOP method; transfer-out costs USD10 per share with a USD300 minimum per transaction
- Transfer fees are non-refundable even if the transfer fails
- Partial board lots of HK shares round up to the nearest full board lot for fee calculation
- A HK scrip fee concession (HKD2500 application) is available for high-volume traders with 1,000+ board lots
- Always verify transfer details before submission to avoid paying a non-refundable fee on a failed transfer
Frequently Asked Questions
Is it free to transfer shares into M+ Global?
Transfer-in is free for both HK and US shares. For US shares, the transfer must use the Free of Payment (FOP) method. HK shares have no such requirement—they’re always free to transfer in.
What’s the minimum cost to transfer shares out?
For HK shares, the minimum is HKD600 per transaction. For US shares, the minimum is USD300 per transaction, regardless of how many shares you transfer.
What happens if my transfer fails?
Transfer fees are non-refundable if the transfer fails to process. Always double-check all details—account numbers, shareholdings, and broker information—before submitting your request.
Do I need to apply for a scrip fee concession?
The scrip fee concession is optional and only valuable if you’re transferring HK shares frequently in large volumes. You need a minimum of 1,000 board lots to qualify, and the application fee (HKD2500) is non-refundable if unsuccessful.
What is the FOP method for US shares?
Free of Payment (FOP) is a direct transfer system where US shares move from one broker to another through The Depository Company (DTC) without payment exchanged at transfer time. M+ Global waives transfer-in fees for US shares transferred via FOP.
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Source: based on the official M+ Global Help Centre (Malacca Securities Sdn Bhd). Fees, hours and procedures are set by Malacca Securities and the exchanges and may change — check the M+ Global app or ask your remisier for the latest.
Disclaimer: This guide is for general information only and is not financial advice.
