Inter-Pacific Securities Sdn Bhd (“IPS”) was incorporated on 30 August 1972 under the name of Malayan Traders & Co. Sendirian and subsequently assumed its present name on 30 April 1990. IPS holds a Capital Market Services licence under the Capital Market and Services Act 2007 and is a Participating Organisation of Bursa Malaysia Securities Berhad and a Trading Participant of Bursa Malaysia Derivatives Berhad.
IPS is a wholly owned subsidiary of Inter-Pacific Capital Sdn Bhd (“IPC”), an investment holding company. IPC is in turn a subsidiary of Berjaya Corporation Berhad, a company listed on the main board of Bursa Malaysia Securities Berhad.
Note: The details presented in this review are subject to potential modifications due to the ongoing updates to the company's offerings and policy adjustments. Additionally, the relevance of this review's information may be influenced by the original publication date, as service details and policies may have evolved since that time. Hence, it's crucial for readers to seek out the most current information directly from the company prior to making any decisions or initiating actions based on this review. The responsibility for utilizing the information provided herein lies entirely with the individual reader.
Should there be any discrepancies between visual and written materials in this review, the written information takes precedence. Nonetheless, for a more comprehensive understanding and updated details, accessing the company's official website is highly recommended.
What is IPS？
Inter-Pacific Securities Sdn Bhd (IPS) is a seasoned financial service provider in Malaysia, established on 30 August 1972, and operating under its current name since 30 April 1990. It is currently regulated by theSecurities Commission Malaysia (SC).
Pros & Cons
Pros: Mobile App Available: IPS provides a mobile trading app iPacOnline, allowing clients to trade anytime and anywhere.
Regulated: IPS is regulated by the Securities Commission Malaysia, offering an extra layer of security and assurance.
Cons: Fees Charged For Opening an Account: IPS charges a fee of RM 10 for opening a CDS Nominees account. Usually, brokers do not charge extra fees for opening an account.
Multiple Fees Charged: Besides the account opening fee, IPS levies a stamp duty fee, a rollover fee, and other fees, which will add to the overall trading cost.
Is IPS Safe？
Regulation
IPS is currently regulated by the Securities Commission Malaysia (SC) with the license number eCMSL/A0007/2007. The license enables IPS to engage in the business of trading stocks and futures. Being regulated means that IPS adheres to the strict standards and protocols required by the Securities Commission Malaysia.
Funds Safety
IPS does not provide extra insurance for its users. In this case, the risks users encounter in investing will not be covered.
Safety Measures
So far, we haven't found any information about the security measures applied for users by IPS.
What Securities Can You Trade with IPS？
IPS offers a certain range of securities. These include:
Shares/Stocks: IPS facilitates the trading of shares or stocks, which represent fractional ownership in a company. Investors can buy or sell shares of public companies listed on Bursa Malaysia except Odd Lot counters.
Derivatives: Derivatives are financial securities with values reliant upon, or derived from, an underlying asset or group of assets.
Futures: Futures are a type of derivative contract that obligates the buyer to purchase, or the seller to sell, an asset at a predetermined price and time in the future.
IPS Fees Review
IPS levies a stamp duty of 0.5% on the facility limit for Margin Financing Agreements. However, it offers subsidies for facilities with limits not exceeding RM 450,000. For facilities up to RM100,000, the subsidy is RM 400 or 80% of the stamp duty, and for facilities between RM 150,000 and RM 450,000, the subsidy ranges from RM 375 to RM 1,125 or 50% of the stamp duty. No subsidies are provided for facilities with limits of RM 500,000 and above.
IPS also charges several other costs, includiong a charge of RM 10 for opening a CDS Nominees account, a fee of RM 45.00 for the registration of the Power of Attorney with the High Court, and a rollover fee of 1.0% flat will be charged on outstanding purchases every 90 days. Charges for the attestation of the Power of Attorney, which are based on the actual lawyers bill. This fee can be waived if IPS's panel lawyer is used.
Inter-Pacific Securities Sdn Bhd (IPS) also allows margin trading at an interest rate of 10.5% per annum. This interest is accrued and charged on a monthly basis. In cases where there is a default in payment of the monthly interest, IPS charges a default interest rate. This rate is 3% above the current interest rate. For example, if the base rate is 10.5% per annum, the default interest rate would become 13.5% per annum on the defaulted amount.
IPS Platform Review
IPS provides its own online web trader PacOnline and its mobile app iPacOnline as trading platforms.
PacOnline - Online Trading Platform: PacOnline is designed as an electronic ordering system that enables clients to place orders over the Internet seamlessly. It is focused on providing a user-friendly and reliable online stock trading experience. Key features include real-time quotes and indices from Bursa Malaysia, various charts for technical analysis, a stock scoreboard for quick insights, and order placement with status inquiry facilities. It offers an intraday stock movement tracker, access to Bursa Malaysia news and company announcements, online statements, and payment options.
iPacOnline - Mobile Trading App: IPS introduced iPacOnline, a mobile application designed to integrate seamlessly into the daily lifestyle of modern traders, which can be downloaded from either Apple Store or Google Play. It offers round-the-clock mobile access to crucial trading functionalities including real-time quotes, stock information, market depth and summary, intraday, and historical charts. Users can execute orders, check their status, and receive trade confirmations directly on their mobile devices. The app also includes features for portfolio management and delivers market news and updates.
Customer Service
IPS provides a certain range of customer support channels. These include:
Telephone Support: It provides support via phone line at +(603) 2117 1888, so clients can contact ... directly via phone for immediate assistance.
Fax: Alongside phone calls, IPS also provides support via fax at +(603) 2144 1686.
Email Support: Its email address ispaconline@interpac.com. mywhich allows clients to send detailed queries or documents. It is suitable for non-urgent issues or when a record of the communication is needed.
Company Address: Its physical office is West Wing, Level 13, Berjaya Times Square, No.1, Jalan Imbi, 55100 Kuala Lumpur, Malaysia. This address can be used for official correspondence or for in-person inquiries.
Conclusion
IPS is a regulated broker with its own mobile app provided. However, IPS charges multiple fees, which can be very costly. It has a moderate rating on WikiStock currently.
FAQs
Is IPS regulated？
Yes, it is regulated by the Securities Commission Malaysia (SC).
Does IPS provide an app？
Yes, it provides its own mobile app iPacOnline.
Is opening an account free？
No, IPS charges a fee of RM 10 for opening an account.
What is the margin interest rate on IPS？
The margin interest rate is 10.5%.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
Malaysia
