Terms & Conditions
Effective 2 November 2026
PART A - TERMS & CONDITIONS
1.1 The M+Global x CITICSM Warrant Campaign ("Campaign") is organised by Malacca Securities Sdn. Bhd. ("MSEC") and CITIC Securities Malaysia Sdn. Bhd. through the M+Global platform.
Note: For the purposes of this Campaign, "CITICSM" and "CITIC Securities Malaysia Sdn. Bhd." shall have the same meaning and refer to the same entity.
1.2 The Campaign will run from 2 November 2026, 12:00 AM (Malaysia Time) to 31 January 2027, 11:59 PM (Malaysia Time), both dates inclusive ("Campaign Period"), or such other period as may be determined by MSEC. The Qualifying Warrant Trade must be executed within the Campaign Period. Qualifying Follow-up Trades may be executed up to 15 February 2027, 11:59 PM (Malaysia Time), as stated in Clause 3.2.
1.3 By participating in the Campaign, an Eligible User agrees to be bound by these Terms and Conditions, the applicable M+Global Client Agreement, account terms and other applicable terms governing the user's M+Global trading account.
1.4 In the event of any inconsistency between these Terms and Conditions and any promotional material, these Terms and Conditions shall prevail.
2.1 The Campaign is open to both new and existing individual M+Global clients, namely (a) existing clients, being individuals who successfully registered an M+Global Trading Account before the Campaign Period; and (b) new clients, being individuals who successfully registered an M+Global Trading Account during the Campaign Period ("Eligible User").
2.2 Each Eligible User must:
(a) maintain the M+Global account in good standing at the time MSEC validates eligibility and credits the Campaign Reward;
(b) complete the relevant qualifying actions described in Clause 3 within the timelines stated in Clause 3; and
(c) comply with these Terms and Conditions and all applicable account terms.
2.3 Corporate accounts and institutional clients are not eligible.
2.4 Individual trading accounts opened, classified or maintained under a remisier/agent are eligible.
2.5 Employees, directors of MSEC and/or their immediate family members are not eligible. For the avoidance of doubt, remisiers and agents of MSEC are eligible.
2.6 Users who are listed on the MSEC Event Participation Ban List at the relevant time are not eligible to participate.
2.7 MSEC may disqualify a user whose trading account is closed, suspended, frozen, restricted, not in good standing, or MSEC reasonably determines that the user has engaged in fraudulent, unlawful, abusive, manipulative or bad-faith conduct in relation to the Campaign or any MSEC product or service.
2.8 Each Eligible User may unlock the Campaign Reward once only, and may receive a maximum aggregated reward of RM100 under this Campaign.
3.1 Step 1 – Unlock. The Eligible User must execute a successful buy trade of any CITICSM structured warrant via the M+Global app during the Campaign Period ("Qualifying Warrant Trade"). There is no minimum trade amount, and both call and put warrants qualify. The Qualifying Warrant Trade must also meet the overnight holding requirement in Clause 3.4.
3.2 Step 2 – Trade. After completing the Qualifying Warrant Trade, the next four (4) successful buy trades executed by the Eligible User through the M+Global app for any securities listed on Bursa Malaysia Securities Berhad ("Bursa Malaysia") on or before 15 February 2027, 11:59 PM (Malaysia Time), shall each qualify as a "Qualifying Follow-up Trade". There is no minimum trade amount for a Qualifying Follow-up Trade. The maximum number of Qualifying Follow-up Trades eligible for the Campaign Reward is four (4).
3.3 The Qualifying Warrant Trade itself does not count as a Qualifying Follow-up Trade. Any buy trade executed before the Qualifying Warrant Trade does not qualify.
3.4 Overnight holding requirement. To unlock the Campaign Reward, the CITICSM structured warrants bought in the Qualifying Warrant Trade must be held overnight, meaning none of them are sold, in whole or in part, on the same trading day of Bursa Malaysia on which the buy trade was executed. The warrants may be sold from the next trading day onwards.
(a) This requirement applies only to the Qualifying Warrant Trade. It does not apply to Qualifying Follow-up Trades, including any CITICSM structured warrant bought as a Qualifying Follow-up Trade.
(b) Where a CITICSM structured warrant buy trade does not meet this requirement, the Campaign Reward will not be unlocked. The first subsequent CITICSM structured warrant buy trade that meets the requirement may qualify as the Qualifying Warrant Trade, subject to these Terms and Conditions.
(c) MSEC will validate compliance with the overnight holding requirement after the close of the relevant trading day, and any Campaign Reward is subject to such validation.
3.5 Only buy trades qualify. Sell trades do not count towards the Qualifying Warrant Trade or the Qualifying Follow-up Trades.
3.6 Each executed buy order counts as one (1) trade, regardless of whether it is filled in one or more executions. Orders that are unfilled, cancelled, rejected, reversed or otherwise not successfully executed will not qualify.
3.7 Eligibility and reward entitlement are determined based on MSEC's records, including the timestamp at which each trade is successfully executed, subject to validation.
| Qualifying Action | Campaign Reward | Capping |
|---|---|---|
| Complete a Qualifying Warrant Trade (buy any CITICSM structured warrant, any amount, and hold it overnight) | Unlocks the Campaign Reward | One (1) unlock per Eligible User |
| Complete four (4) Qualifying Follow-up Trades (buy any Bursa Malaysia-listed security, any amount) | RM25 cashback per trade | Maximum reward per Eligible User: RM100 in aggregate. |
4.1 The total Campaign Reward allocation is capped at RM120,000. Campaign Rewards will be allocated on a first-come, first-served basis, subject to validation of eligibility and qualifying trades. MSEC reserves the right, at its discretion and subject to applicable laws and regulatory requirements, to impose or amend the allocation limits. Participation in the Campaign or completion of a qualifying action does not guarantee receipt of a Campaign Reward if the RM120,000 allocation cap has been reached.
4.2 Eligible Users may participate in both this Campaign and the M+Global Headstart Campaign, and may receive rewards under both, subject to the respective Terms and Conditions of each campaign.
5.1 Subject to validation, RM25 cashback for each Qualifying Follow-up Trade will be credited to the Eligible User's M+Global Trading Account within seven (7) working days after the relevant Qualifying Follow-up Trade.
5.2 Expiry of unused entitlement. Any Campaign Reward entitlement not utilised by 15 February 2027, 11:59 PM (Malaysia Time), being the RM25 cashback for any of the four (4) Qualifying Follow-up Trades not completed by that time, shall automatically expire and be forfeited, and cannot be reinstated or exchanged for cash.
5.3 The expiry in Clause 5.2 does not affect cashback for Qualifying Follow-up Trades completed on or before 15 February 2027, 11:59 PM. Such cashback will be credited within seven (7) working days in accordance with Clause 5.1, provided that the Qualifying Follow-up Trades are completed on or before the relevant deadline.
5.4 The Campaign Reward is credited automatically. No manual redemption or claim is required.
5.5 Cashback credited into the M+Global Trading Account may be used for trading and withdrawn in accordance with the applicable M+Global account terms and any applicable restrictions.
5.6 Campaign Rewards are non-transferable and may not be exchanged for another reward.
| Illustration | Outcome |
|---|---|
| An Eligible User buys RM200 of a CITICSM call warrant and holds it overnight, then makes four (4) buy trades on Bursa Malaysia-listed stocks. | The Eligible User will receive RM25 for each of the four (4) Qualifying Follow-up Trades, up to RM100 in total, credited to the M+Global Trading Account within seven (7) working days after each trade. |
| An Eligible User buys a CITICSM put warrant, then makes only two (2) buy trades on Bursa Malaysia-listed stocks by 15 February 2027. | The Eligible User will receive RM50 (RM25 × 2). No cashback is payable for trades executed after the deadline. |
| An Eligible User buys a structured warrant issued by an issuer other than CITICSM. | The purchase does not qualify as a Qualifying Warrant Trade. The Campaign Reward will not be unlocked. Subsequent buy trades will not earn cashback. |
| An Eligible User makes buy trades on Bursa Malaysia-listed stocks before buying a CITICSM warrant. | Any trades executed prior to the Qualifying Warrant Trade will not be entitled to any cashback. |
| After buying a CITICSM warrant, an Eligible User buys another CITICSM warrant. | The second purchase counts as one (1) Qualifying Follow-up Trade, as it is a buy trade of a Bursa Malaysia-listed security. |
| An Eligible User buys a CITICSM warrant and sells it on the same trading day. | The Campaign Reward is not unlocked. The Eligible User must buy a CITICSM warrant and hold it overnight to unlock the Campaign Reward. |
| An Eligible User buys a CITICSM warrant, holds it overnight and sells it on the next trading day. | The Campaign Reward is unlocked. Selling from the next trading day onwards does not affect eligibility. |
| After buying a CITICSM warrant, an Eligible User sells shares, then makes four (4) buy trades. | The sell trade does not count. The four (4) buy trades each earn RM25 cashback, totalling RM100. |
| After buying a CITICSM warrant, an Eligible User makes six (6) buy trades on Bursa Malaysia-listed stocks. | Only the first four (4) buy trades earn cashback. The maximum Campaign Reward is RM100 per Eligible User. |
| An Eligible User who has already received RM100 buys another CITICSM warrant. | No further Campaign Reward is payable. Each Eligible User may unlock the Campaign Reward once only. |
| An Eligible User buys a CITICSM warrant on 31 January 2027 and makes four (4) buy trades between 1 and 20 February 2027. | The Eligible User will receive RM25 cashback for each buy trade made on or before 15 February 2027 only. Buy trades after 15 February 2027 will not earn cashback. |
| A trade is subsequently cancelled, reversed or found to be invalid. | The Eligible User will not be entitled to the Campaign Reward for that trade. Where cashback has been credited, MSEC may withhold, cancel or recover it in accordance with Clause 7. |
7.1 MSEC's transaction and account records will be used to determine campaign qualification, trade timestamps, reward entitlement and fulfilment status.
7.2 If MSEC subsequently determines that a user was not eligible, a reward was credited in error, or the user breached these Terms and Conditions, MSEC may refuse to credit, cancel, correct, adjust or reclaim the Campaign Reward from the user's account, to the extent permitted by law and the applicable account terms.
7.3 Without limitation, MSEC may disqualify a user where MSEC reasonably determines that:
(a) the user has not complied with these Terms and Conditions or applicable account terms;
(b) the user has engaged in wash trading, market manipulation, or has created or used multiple accounts to exploit the Campaign;
(c) the user has tampered with or attempted to manipulate the Campaign, eligibility process, device, account or reward process, including through emulator usage, altering device settings or exploiting system glitches;
(d) the user has engaged in fraudulent, dishonest, unlawful, abusive or bad-faith conduct to obtain an unfair advantage; or
(e) the account is suspended, restricted, terminated or otherwise not eligible for reward fulfilment.
7.4 Accounts must be opened and operated in the user's own name. Third-party or proxy account openings are strictly prohibited. Repeat violations may lead to disqualification from future MSEC campaigns.
7.5 MSEC's decisions on all matters relating to the Campaign, including eligibility and reward allocation, are final and binding.
8.1 MSEC reserves the right, subject to applicable laws, regulations and internal approvals, to amend, suspend, extend, withdraw or terminate the Campaign or these Terms and Conditions, in whole or in part.
9.1 Participation in the Campaign and receipt of a Campaign Reward do not constitute investment advice, an offer, recommendation or solicitation by MSEC to buy, sell or hold any security, including structured warrants.
9.2 Structured warrants are complex, high-risk and leveraged derivative instruments. They are subject to time decay, have a fixed expiry date, and may expire worthless. Investors may lose their entire investment.
9.3 Investments involve risk. The price and value of securities may rise or fall and investors may sustain losses. Past performance of the underlying asset or the structured warrant is not indicative of future performance.
9.4 Participants are advised to read and understand the Base Prospectus, Term Sheets and risk factors of CITICSM structured warrants before making any investment decision. Trading in structured warrants may not be suitable for all investors.
9.5 Any illustration of warrant price movements in Campaign materials is hypothetical, for illustration only, and is not based on any actual CITICSM warrant.
9.6 MSEC is a licensed entity registered with the Securities Commission Malaysia, Licence No. eCMSL/A0004/2007.
10.1 Personal data will be collected, processed and used in accordance with MSEC's applicable privacy notice/policy and the Personal Data Protection Act 2010, for purposes reasonably connected with administering, validating, fulfilling and communicating the Campaign.
10.2 MSEC may use anonymised or aggregated Campaign data for promotional and reporting purposes. Any use of a participant's name, image, video, testimonial or other content for publicity is subject to the applicable consent and privacy requirements.
10.3 All logos, trademarks and images used in connection with the Campaign, including the CITICSM name and marks, remain the exclusive property of their respective owners.
11.1 To the fullest extent permitted by law, neither MSEC nor CITICSM shall be liable for any loss or damage arising directly or indirectly from participation in the Campaign, trading of structured warrants or other securities, or the crediting or use of Campaign Rewards.
11.2 MSEC will not be responsible for delay or failure caused by events beyond its reasonable control, including system, telecommunications, market infrastructure or third-party service interruptions.
11.3 Nothing in these Terms and Conditions excludes or limits liability that cannot lawfully be excluded or limited.
11.4 MSEC is not responsible for unauthorised third-party misstatements about the Campaign. Users should refer to M+Global's official channels and these Terms and Conditions.
11.5 Queries on the Campaign mechanics or Campaign Rewards should be directed to MSEC's customer service team at 1300 22 1233 or [email protected], not to CITICSM.
12.1 These Terms and Conditions are governed by the laws of Malaysia and are subject to the jurisdiction of the Malaysian courts.
12.2 If these Terms and Conditions are made available in another language and there is an inconsistency, the English version shall prevail.
12.3 These Terms and Conditions have not been reviewed by the Securities Commission Malaysia.