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Investments

How can MeDirect help me invest?

Our team of financial advisors will assess your financial situation to make sure your investments are targeted towards achieving your goals.

How do I open an Investment Account?

If you are already a client of MeDirect opening additional accounts is quick and easy. You will just need to Log In to your account via desktop or open our Mobile App, click on Open an account and follow the steps indicated on screen. All of the same securities that are available on our online trading platform can be traded through the app. The trading experience via the app is very similar to our online platform, so you can use whichever you prefer. All trades made via the app can be seen online, and vice versa. For an overview of trading on the app see our Mobile App User Guide. If you are not a client of MeDirect you will need to choose Become a Client  and follow the steps indicated on screen.

How can I fund trades made through my Investment Account?

You can fund your trades by depositing funds in your Investment Cash Account, either from another account you hold with MeDirect or from an external bank account. Money in your Investment Cash Account can be used to fund your buy orders on a cleared funds basis. 

How do I place an order?

Once you have opened an Investment Account and accessed your Online Trading platform, you can place an order in a few different ways. If you know the name, ticker or ISIN of the security, you can access the “Place an order” screen from your dashboard by:  Clicking on ‘Trade’ and selecting ‘Place an order’ Clicking on My Investments, selecting ‘Overview’ and click on the button ‘Invest’ You can also place orders through the search tools. This helps you search for investments and enables you to place orders, by clicking on the “Place Order” button located next to each security. The search tools can be accessed directly from the “Trade” menu or by clicking on ‘Browse products’ and selecting ‘Explore investment products’, where you can choose any one of the investment categories. You can also buy or sell securities that you already hold by clicking on ‘My investments’, selecting ‘Overview’, clicking on a security and choosing whether you would like to Buy or Sell the security from your portfolio.

How can I find the security I want to buy?

You can explore our universe of tradable securities on your Online Trading platform by clicking on ‘Trade’ and selecting ‘Place an order’. You can search for individual securities by ISIN, ticker or name, or you can view securities with specific features, using our dedicated filters such as price, specific sector, etc.

What is the minimum order size?

Generally for shares, the minimum order size consists of one share. For bonds the minimum order size normally ranges from 1,000 to 100,000 in the currency of denomination. For mutual funds there is no specific minimum order size. The minimum investment level will be disclosed to you in the order placement screen.

How do I know if my order has been executed?

Once an order has been executed, you will receive a secure message through your Online Banking. You will also be able to download your contract note with all the details of the executed trade from the trade history section, by clicking on ‘My investments’ and selecting ‘Trade history’. Executed orders will be reflected in ‘My investments Overview’, while pending trades will be shown by clicking on ‘Trade’ and selecting ‘Pending trades’. Once executed, these trades will move into the ‘Overview’ section under ‘My investments’.

What order types are available?

You can purchase or sell securities on our Online Trading platform in accordance with the following rules: Orders to buy or sell bonds and equities listed on the Malta Stock Exchange are to be placed as limit orders. When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. Such orders will be left pending for up to 14 calendar days after the order was submitted. The part of the order not executed after 14 calendar days will be cancelled. Orders to buy or sell international bonds can be placed as limit orders. When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. Orders for international bonds are Day orders and any part not executed will be cancelled at the end of the day. Orders to buy or sell international equities and ETFs can be placed as limit orders or market orders. When submitting a limit order, you will have to provide a limit price. Buy orders will only be executed at a price equal to or lower than the limit price, while sell orders will be executed at a price equal to or higher than the limit price. If you place a market order, your order will be executed at the best available market price in accordance with our Best Execution Policy, which is included as Annex 2 of the Investment Services Terms and Conditions. All orders with be Good for Day, meaning they will automatically expire if not executed by the end of the day when the order was placed. A “Good for Day” order is an order that is good for that day only, during which time, partial fills can take place. If it is not filled, the order (or any unfilled parts of the order) will be cancelled.

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We strive to ensure a streamlined account opening process, via a structured and clear set of requirements and personalised assistance during the initial communication stages. If you are interested in opening a corporate account with MeDirect, please complete an Account Opening Information Questionnaire and send it to corporate@medirect.com.mt.

For a comprehensive list of documentation required to open a corporate account please contact us by email at corporate@medirect.com.mt or by phone on (+356) 2557 4444.