This guide is for Malaysian investors who already have a remisier handling their trades and are thinking about changing. Perhaps your calls go unanswered when the market moves, or you have found someone whose research and communication suit you better. The process is simpler than most people expect, as long as you check a few things first.
What a Remisier Does for You
A remisier is a dealer’s representative. They hold a Capital Markets Services Representative’s Licence from the Securities Commission Malaysia and are attached to a stockbroking firm.
In practice, your remisier takes your buy and sell instructions, keeps you informed about developments that affect your holdings, and handles the day-to-day dealings with the broker. They are also your first point of contact when a trade goes wrong.
That is why responsiveness matters. A remisier who answers during the trading session, when you need to cut a position, is worth far more than one who replies the next morning.
Check That Your New Remisier Is Licensed
Before you change anything, confirm the person is properly licensed. This takes only a few minutes and protects you from dealing with someone who is not authorised.
- Go to the Securities Commission Malaysia website and open its public register of licensed persons.
- Search by the remisier’s full name and check that the record shows a current licence linked to a stockbroking firm.
- Confirm that the firm on the register matches the firm the remisier tells you they represent.
This is where people often slip up. A name match alone is not enough, so always check the firm as well. Ask for the licence details if you cannot find the record.
Option One: Switching Within the Same Broker
If your new remisier works at the same broker as you, your shares and trading history stay exactly where they are. Your trading account and CDS account remain in your name with that broker, so nothing physically moves.
The practical route is simple. Contact M+ customer service directly, or ask your new remisier to arrange the request with the broker on your behalf. The broker confirms the exact steps and any forms you need to sign, so check the current requirements on the M+ website before you call.
Option Two: Moving to a Remisier at a Different Broker
This is a bigger job, but it is manageable. Each individual opens one CDS account with each broker, so a new broker means a new CDS account number, and your shares must be transferred into it.
- Open a trading account and a CDS account with the new broker through your new remisier.
- Ask your old broker to transfer your shares to the new CDS account, using the current transfer form on their website.
- Check that the shares have arrived in the new CDS account before you sell anything.
- Only close the old account once everything has been transferred and settled.
Bursa Malaysia is scripless, so there are no share certificates to hand over. If you move to M+, your new CDS number will be 15 digits starting with 012-001, which is useful to know when you fill in the forms.
Same Broker or Different Broker at a Glance
| Factor | Same broker | Different broker |
|---|---|---|
| Trading account | Stays the same | New account required |
| CDS account | Stays the same | New CDS account and number |
| Your shares | Stay where they are | Transferred between CDS accounts |
| Who arranges it | M+ customer service or new remisier | New remisier with both brokers |
Settle Outstanding Items First
Clear everything in your current account before you request a switch. Unfinished business is the most common reason a change gets delayed.
- Contra losses: Pay any contra loss due before the transfer.
- Unpaid purchases: Bursa trades settle on T+2, so a trade done shortly before the switch still needs to settle in your current account.
- Margin positions: Ask your current remisier how margin facilities are wound down, and do not assume shares financed on margin will move freely.
Sold shares are not the same as settled cash. Wait for the settlement to clear before you assume the money is available for the new account.
Questions to Ask a New Remisier Before You Switch
A short conversation before you commit will tell you more than a sales pitch. Ask these questions directly.
- How quickly do you respond on trading days, and through which channels?
- How do you share research, and how often?
- Can you help with IPO applications? Remember that online applications need a direct CDS account in your own name, and only one application per IPO is allowed. Retail portions are balloted when oversubscribed.
- Which trading tools do you use, and do they help you monitor positions outside office hours?
- What brokerage applies to my trades? At M+, Bursa brokerage starts from 0.05% with a RM8 minimum per trade, while US and Hong Kong trades start from 0.10%.
- If I invest Shariah-compliant, how do you check the list? The Shariah Advisory Council of the Securities Commission Malaysia issues it, updated on the last Friday of May and November.
Common Mistakes to Avoid
- Assuming your shares move automatically when you change remisier. At the same broker they stay put, but at a different broker you must arrange the transfer yourself.
- Opening a new account elsewhere and forgetting that your old CDS account still holds your shares.
- Selling shares before the transfer is confirmed, which can leave you short when the new account is not ready.
- Skipping the licence check because the remisier comes recommended by a friend.
- Using old tools. The M+ Online app stopped working on 19 December 2025, so use the current M+ Global channels only.
Key Takeaways
- Switching at the same broker keeps your trading account, CDS account and shares unchanged.
- Switching to a different broker means a new trading account, a new CDS account and a share transfer.
- Confirm your remisier on the Securities Commission public register before you move.
- Clear contra losses, unpaid purchases and margin positions before you request the change.
- Ask about responsiveness, research, IPO help and tools before you commit.
Frequently Asked Questions
Do I lose my shares if I change remisier?
No, your shares are held in your CDS account, not with the remisier personally. If you stay with the same broker, they do not move at all. If you change to a different broker, they are transferred to your new CDS account once you arrange it.
Can I change remisier at M+ without opening a new account?
Yes, if the new remisier works at M+, you keep your existing trading and CDS accounts. You contact M+ customer service or ask your new remisier to arrange the change with the broker, who will confirm the exact steps.
How long does it take to change remisier?
The timing depends on whether you stay at the same broker and how quickly outstanding items are settled. Ask the broker to confirm the expected timeline for your situation before you start.
What if something goes wrong during the transfer?
Contact your current broker and your new remisier immediately, and keep copies of every form and confirmation you have received. Do not sell the affected shares until you have confirmed where they sit.
If you are weighing up a change and want to talk it through, feel free to reach out. I am Dexter Chia, a remisier at Malacca Securities Sdn Bhd, and I am happy to explain how the process would work for your specific holdings. If you would like me as your remisier, WhatsApp me at +60169059789 and quote the M+ Global Invitation Code UBZQ when you open your account.
Need Help With This?
If you are an M+ Global client and need help with this process, message me directly — I handle these requests for clients every week.
WhatsApp: +60169059789 | M+ Global Invitation Code: UBZQ
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,200+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
