Terms & Conditions
Effective 1 November 2026
1.1 The M+Global Referral Campaign ("Campaign") is organised by Malacca Securities Sdn. Bhd. ("MSEC") and is open to Eligible Referrers as defined in Clause 2.
1.2 The Campaign will run from 1 November 2026 (Malaysia Time) to 30 November 2026, 11:59 PM (Malaysia Time), both dates inclusive ("Campaign Period"), or such other period as may be determined by MSEC.
1.3 By participating in the Campaign, an Eligible Referrer 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 existing M+Global users who meet all of the following requirements during the Campaign Period ("Eligible Referrer"):
(a) have a valid and active M+Global account;
(b) be an existing M+Global user prior to the referral of the Referee; (c) successfully refers a new user through the referral mechanism designated by MSEC; and (d) comply with these Terms and Conditions and all applicable account terms.
2.2 The Referee must be a new user who does not have any existing trading account with MSEC prior to the Campaign Period.
2.3 The Referee is not eligible to receive any reward under this Referral Campaign. The Referee may be eligible to participate in the M+Global Headstart Campaign, subject to terms and conditions of the Headstart Campaign.
2.4 For the avoidance of doubt, an existing M+Global user who registered an account before the Campaign Period may participate as an Eligible Referrer, provided that the user satisfies all eligibility requirements under these Terms and Conditions.
2.5 MSEC may disqualify a user whose account is closed, suspended, frozen, restricted, not in good standing, or is associated with suspected fraudulent, unlawful, abusive, manipulative or bad-faith conduct in relation to the Campaign or any MSEC product or service.
3.1 An Eligible Referrer may participate in the Campaign by referring a new user to open an M+Global account through the invitation link or referral code associated with the Eligible Referrer’s M+Global account.
3.2 To qualify for a Campaign Reward, the Referee must successfully open an M+Global account through the Eligible Referrer’s invitation link or by using the corresponding referral code during the Campaign Period, and complete the relevant qualifying action(s) within the Campaign Period.
3.3 A “Qualifying Deposit” means the Referee's first successful single deposit into their M+Global account during the Campaign Period. The deposit must be successfully credited and must not be rejected, reversed or otherwise invalidated. Deposits made after the Campaign Period will not qualify for any deposit reward.
3.4. The applicable deposit reward shall be determined solely based on the Referee's first successful Qualifying Deposit. Subsequent deposits will not be considered.
| Qualifying Action of Referee | Referrer’s Campaign Reward |
|---|---|
| Opened an M+Global account | RM10 cash voucher |
| First deposit of min. RM1,000 | RM20 cash voucher |
| First deposit of min. RM5,000 | RM30 cash voucher |
4.1 Campaign Rewards are available to Eligible Referrers who meet the qualifying conditions during the Campaign Period.
4.2 For each Referee, the Eligible Referrer may receive the RM10 account-opening reward and only one applicable deposit reward, based on the amount of the Referee's first Qualifying Deposit. The deposit reward tiers are not cumulative. For avoidance of doubt, kindly refer to illustrative scenarios under Clause 6.
4.3 The cumulative reward per Referrer during the Campaign Period is capped at a maximum of RM2,000.
5. Reward Fulfilment
5.1 The applicable Campaign Reward will be automatically credited to the Eligible Referrer’s M+Global account within seven (7) working days after the relevant qualifying action has been successfully completed and validated by MSEC.
5.2 Campaign Rewards are non-transferable and may not be exchanged for another reward.
| Illustration | Outcome |
|---|---|
| A Referee successfully opened an M+Global account but did not make any Qualifying Deposit. | The Eligible Referrer will receive a RM10 cash voucher. |
| A Referee successfully opens an M+Global account and makes a first deposit of less than RM1,000 into the M+Global account. | The Eligible Referrer will receive a RM10 cash voucher, as the referee successfully opened an M+Global account but did not meet the minimum requirement of first deposit RM1,000 to receive the additional RM20 cash voucher. |
| A Referee successfully opens an M+Global account and makes a first deposit of RM1,000 into the M+Global account. | The Eligible Referrer will receive RM30, comprising RM10 for successful account opening and RM20 for qualifying deposit. |
| A Referee successfully opens an M+Global account and makes a first deposit of RM4,999 into the M+Global account. | The Eligible Referrer will receive RM30, comprising RM10 for successful account opening and RM20 for qualifying deposit. |
| A Referee successfully opens an M+Global account and makes a first deposit of RM5,000 into the M+Global account. | The Eligible Referrer will receive RM40, comprising RM10 for successful account opening and RM30 for qualifying deposit. |
| A Referee makes a first deposit of RM1,000 and subsequently makes an additional deposit of RM4,000 during the Campaign Period. | The Eligible Referrer will receive RM30 in total. The separate deposits will not be aggregated to qualify for the RM5,000 deposit reward. |
| An existing M+Global user is referred by an Eligible Referrer during the Campaign Period. | The individual will not qualify as a Referee under this Campaign, and the Eligible Referrer will not receive any Campaign Reward in respect of that referral. |
7.1 MSEC's transaction and account records will be used to determine campaign qualification, funding timestamp, reward tier 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, 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 tampered with or attempted to manipulate the Campaign, eligibility process, device, account, funding transaction or reward process;
(c) the user has engaged in fraudulent, dishonest, unlawful, abusive or bad-faith conduct to obtain an unfair advantage;
(d) the funding transaction is reversed, invalid, not from an accepted source or otherwise fails MSEC's validation; or
(e) the account is suspended, restricted, terminated or otherwise not eligible for reward fulfilment.
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 to buy, sell or hold any security.
9.2 Investments involve risk. The price and value of securities may rise or fall and investors may sustain losses. Past performance is not indicative of future performance.
10.1 Personal data will be collected, processed and used in accordance with MSEC's applicable privacy notice/policy and for purposes reasonably connected with administering, validating, fulfilling and communicating the Campaign.
10.2 Any use of a participant's name, image, video, testimonial or other content for publicity should be subject to the applicable consent and privacy requirements.
11.1 To the fullest extent permitted by law, 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.
11.2 Nothing in these Terms and Conditions excludes or limits liability that cannot lawfully be excluded or limited.
11.3 MSEC is not responsible for unauthorized third-party misstatements about the Campaign. Users should refer to M+Global's official channels and these Terms and Conditions.
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.