Steps to buy and sell stocks on MPlus Online
Learn how to trade stocks on MPlus Online. A brief explanation on steps to buy and sell stocks with MPlus website and app.
1. How to buy and sell stocks on MPlus Online (Web)?
1: Login to MPlus Online website. Search and go to the stock name you would like to buy.
2: When you buy a stock, make sure you are set the BUY tab (green color). Similarly, when you sell a stock, make sure you are set the SELL tab (red color). The explanations of each option are as follow:
- Order Entry
* Normal: A normal order where you buy a stock and sell it.
* IDSS (Intraday Short Selling): A order where you sell a stock before buy it back. For more information about IDSS, you can refer here. - Modality
* Limit: A normal order where you buy a stock at a fixed price.
* Stop Limit:
- When buy a stock, it is an option to hide Buy Order at a unique price which will not be shown in the Order Queue.
- When sell a stock, it is useful to stop potential losses by executing stop loss sell order.
- Stop Limit order is available for Normal Order only and not for Odd Lot order. For more information about how to use Stop Limit, you can refer here. - Price (MYR): The price of a stock that you want to buy/sell.
- Quantity (x100 shares): The quantity of a stock in lot order (1 lot = 100 units) that you want to buy/sell.
- Validity
* Today: The order that only valid on the day you buy/sell a stock. When the day is over, the order will be expired and you will have to resubmit the order again.
* GTD (Good Till Date): The order will be valid until the date you set. The maximum period that you can set from the day you order is 1 month. The order will be expired after the date that you’ve set.
3: After you’ve inserted all necessary details about the purchase/sell, click the Send Now button.
4: Insert the trading pin. You’ll be redirected to Order Preview page and click Confirm button to proceed. Trading pin is the password you use to login MPlus platform.
5: Check your order status. If the status is All Matched, it means that you’ve purchased/sold the shares completely. Other order status are as follow:
- Partial Matched: Only a partial of the number of unit was matched currently. You’ll get all full quantity when there are enough number of unit that other people want to sell at that price.
- Failed: Your order was failed due to some problems. One of the common issue is that the stock you would like to buy is non-syariah compliance while you are holding a syariah compliance account.
- Canceled: You’ve canceled your order status.
- Expired: Your order was not matched until the order validity date. You can set the order validity status when you want to buy/sell a stock.
6: Once you’ve purchased the stock, it will be listed in your Portfolio. While when you’ve sold a stock, it will be unlisted from your Portfolio.
2. How to buy and sell stocks on MPlus Online (App)?
1: Login to MPlus Online through the app. Search and go to the stock name you would like to buy.
2: When you buy a stock, make sure you are set the BUY tab (green color). Similarly, when you sell a stock, make sure you are set the SELL tab (red color). The explanations of each option are as follow:
- Order Entry
* Normal: A normal order where you buy a stock and sell it.
* IDSS (Intraday Short Selling): A order where you sell a stock before buy it back. For more information about IDSS, you can refer here. - Modality
* Limit: A normal order where you buy a stock at a fixed price.
* Stop Limit:
- When buy a stock, it is an option to hide Buy Order at a unique price which will not be shown in the Order Queue.
- When sell a stock, it is useful to stop potential losses by executing stop loss sell order.
- Stop Limit order is available for Normal Order only and not for Odd Lot order. For more information about how to use Stop Limit, you can refer here. - Price (MYR): The price of a stock that you want to buy/sell.
- Quantity (x100 shares): The quantity of a stock in lot order (1 lot = 100 units) that you want to buy/sell.
- Validity
* Today: The order that only valid on the day you buy/sell a stock. When the day is over, the order will be expired and you will have to resubmit the order again.
* GTD (Good Till Date): The order will be valid until the date you set. The maximum period that you can set from the day you order is 1 month. The order will be expired after the date that you’ve set.
3: After you’ve inserted all necessary details about the purchase/sell, click the Order Preview button.
4: Insert the trading pin. You’ll be redirected to Order Preview page and click Confirm button to proceed. Trading pin is the password you use to login MPlus platform.
5: Check your order status. If the status is All Matched, it means that you’ve purchased/sold the shares completely. Other order status are as follow:
- Partial Matched: Only a partial of the number of unit was matched currently. You’ll get all full quantity when there are enough number of unit that other people want to sell at that price.
- Failed: Your order was failed due to some problems. One of the common issue is that the stock you would like to buy is non-syariah compliance while you are holding a syariah compliance account.
- Canceled: You’ve canceled your order status.
- Expired: Your order was not matched until the order validity date. You can set the order validity status when you want to buy/sell a stock.
6: Once you’ve purchased the stock, it will be listed in your Portfolio. While when you’ve sold a stock, it will be unlisted from your Portfolio.
Other related posts about MPlus Online platform familiarization.
Haven’t registered a CDS account with MPlus Online? Open a CDS account with MPlus Online from the link below.
If you need further assistance, feel free to reach me out anytime at helpme@ringgitlab.com or call +60327031413. I’ll try my best to guide you through out your trading activities.
