How to Become Remisier in Malaysia

A remisier, also known as a stockbroker or trading representative, plays a crucial role in the financial markets of Malaysia. Remisiers act as intermediaries between investors and brokerage firms, facilitating the buying and selling of securities such as stocks, bonds, and derivatives. They are licensed professionals who help clients navigate the complex world of investments, providing advice and executing trades on their behalf.

Remisiers in Malaysia are typically employed by brokerage firms and operate within the guidelines set by the Securities Commission Malaysia. They assist clients in making informed investment decisions by analyzing market trends, company financials, and other relevant information. Remisiers also keep clients updated on market developments, provide research reports, and offer personalized investment strategies.

How to become remisier in Malaysia?

To become a remisier in Malaysia, you need to fulfill certain requirements and follow a specific process. Here are the general steps to become a remisier:

1. Educational Qualifications: Obtain at least an SPM certificate, a diploma or a degree in any discipline from a recognised educational institution. This is a minimum requirement, and having a background in finance or related fields can be advantageous.
2. Licensing: Obtain the necessary licenses from the Securities Commission Malaysia (SC) to operate as a remisier. The licenses required are the Capital Markets Services Representative’s License (CMSRL) and the Trading Representative License.
3. Training: Undergo training provided by a licensed stockbroking firm or institution approved by the SC. This training will cover various aspects of stockbroking, including regulations, market operations, trading strategies, and risk management.
4. Registration: After completing the training, you need to register with a licensed stockbroking firm as a remisier. The firm will guide you through the registration process, which includes submitting the necessary documents and fulfilling any additional requirements.
5. Examinations: Pass the relevant examinations conducted by the Malaysian Association of Registered Financial Planners (MFP) and Bursa Malaysia. These exams usually cover topics such as securities laws, investment products, and market analysis.
6. Continuing Professional Development (CPD): As a remisier, you will need to fulfill the CPD requirements set by the SC. This involves attending various training programs and seminars to enhance your knowledge and skills in the field.
7. Compliance: Familiarize yourself with the rules and regulations governing the securities market in Malaysia, including the Code of Ethics for Remisiers. Comply with the guidelines and maintain professionalism in your dealings with clients.

Note: The specific requirements and procedures might vary, so it’s advisable to contact the Securities Commission Malaysia or consult with a licensed stockbroking firm for the most up-to-date information.

Is remisier a good career in Malaysia?

The career of a remisier in Malaysia can be lucrative and fulfilling for individuals who have a keen interest in the stock market and enjoy working with clients. Remisiers serve as intermediaries between clients and stockbroking firms, executing trades on behalf of their clients and providing investment advice.

The benefits of pursuing a career as a remisier include:

1. Earning potential: Remisiers typically earn commissions based on the volume and value of trades made by their clients. With a growing stock market and an increasing number of investors in Malaysia, the earning potential can be substantial.
2. Flexibility: Remisiers generally have flexible working hours, allowing them to manage their own schedules and maintain a work-life balance.
3. Independence: As a remisier, you can have the freedom to operate as a self-employed individual or work under a brokerage firm. This independence allows you to build your client base and develop your own investment strategies.
4. Knowledge and growth: Being a remisier requires a deep understanding of financial markets, investment products, and market trends. This career can provide a valuable learning experience, allowing you to enhance your knowledge and grow professionally.

However, it’s important to consider the challenges associated with being a remisier:

1. Regulatory requirements: Remisiers are required to adhere to strict regulatory guidelines and obtain necessary licenses from the Securities Commission of Malaysia. Continuous learning and staying updated with regulatory changes are essential.
2. Market volatility: The stock market is inherently volatile, and a remisier’s income can fluctuate based on market conditions. It is crucial to have a solid understanding of market dynamics and be able to manage risks effectively.
3. Client management: Building a strong client base requires excellent interpersonal and communication skills. Providing personalized investment advice and maintaining good relationships with clients is crucial for long-term success.

To determine if a career as a remisier is a good fit for you, it’s vital to assess your interest in the stock market, your ability to handle financial risks, and your aptitude for building and managing client relationships. Conducting thorough research and speaking with professionals already in the industry will provide you with valuable insights to make an informed decision.

How much does it cost to become remisier in Malaysia?

The cost of becoming a remisier in Malaysia can vary depending on various factors such as the brokerage firm you choose to partner with and any additional requirements set by the relevant authorities. Here are some general costs associated with becoming a remisier in Malaysia:

1. Licensing fees: To become a remisier, you need to obtain the necessary licenses from the Securities Commission of Malaysia (SC). The licensing fees can range from a few hundred to a few thousand Malaysian Ringgit (MYR). The specific amount may vary, so it is advisable to check with the SC for the latest information.
2. Training and exams: Remisiers in Malaysia are required to undergo training and pass the Capital Markets and Services Representative’s License (CMSRL) examination. The cost of training programs and exam fees can vary depending on the provider.
3. Association memberships: Some remisiers choose to join professional associations such as the Malaysian Association of Certified Public Accountants (MICPA) or the Association of Stockbroking Companies Malaysia (ASCM). These associations may have membership fees that vary depending on the level of membership.
4. Compliance-related costs: As a remisier, you will need to comply with various regulations and maintain certain standards. This may involve costs related to compliance training, membership fees for professional bodies, and ongoing regulatory fees.

It is important to note that the above costs are approximate and subject to change. It is always advisable to contact the brokerage firms you are interested in working with or consult with the relevant regulatory authorities for the most up-to-date information on the costs involved in becoming a remisier in Malaysia.

How much do remisier make per month in Malaysia?

The income of a remisier in Malaysia can vary widely, depending on various factors such as the number of clients, trading volumes, and market conditions. Remisiers typically earn commissions based on the value of trades executed by their clients. The commission rates can range between 0.1% to 0.6% of the transaction amount.

Considering these factors, it is difficult to provide an exact figure for the monthly income of a remisier in Malaysia. Some remisiers may earn a few thousand Malaysian Ringgit per month, while others who have built a substantial client base and handle larger trading volumes may earn significantly more.

Where can I study and learn to become remisier in Malaysia?

If you are interested in studying to become a remisier in Malaysia, there are a few options available to you. Here are some institutions you can consider:

1. Bursa Malaysia Market Education: Bursa Malaysia, the national stock exchange of Malaysia, offers various educational programs and courses related to the stock market and trading. They conduct seminars, workshops, and online courses that cover different aspects of trading, including courses for remisiers.
2. Malaysian Association of Stockbroking Companies (MASC): MASC is an industry association for stockbroking companies in Malaysia. They provide training programs and workshops for individuals interested in becoming remisiers. You can contact MASC or visit their website for more information on their courses.
3. Securities Industry Development Corporation (SIDC): SIDC is the training and development arm of the Securities Commission Malaysia. They offer a range of courses and certifications related to the Malaysian capital market. They might have specific programs or modules related to remisier training.
4. Private Training Institutions: There may be private training institutions or academies that offer courses specifically focused on remisier training. It’s worth researching and contacting such institutions to inquire about their programs.
5. Online Courses: In addition to physical institutions, there are online platforms that offer stock market and trading courses, some of which cover the role of remisiers. Websites like Udemy, Coursera, and LinkedIn Learning have courses related to trading and stock market fundamentals that could also be beneficial.

When researching these options, consider factors such as course content, reputation, duration, cost, and location to find the best fit for your needs.”