KUALA LUMPUR: ECM Libra Investment Bank’s portal, ecmmoney.com, which was launched yesterday, aims to make online investment easy for retail and professional traders.

Its chief operating officer Martin Chu said the investment banking group recorded a retail volume of RM15bil last year, of which about 18% was from Internet users.

“Currently, we have about 10,000 active investors,” he told reporters after the portal’s launch.

Chu, however, declined to make a forecast for this year.

He said ecmmoney.com would offer a smart way to trade online. “We believe the unique features of the four investment products, namely cash upfront, collateralised, DayTrading88 and Premier88, will enable investors to quickly react to opportunities in the stock market,” he said.

He said the portal charged a brokerage fee of 0.05%, or a minimum fee of RM8 per contract, during the promotional period. “The offer is valid from now till end-August. “After that, it will be 0.08%, or RM12 per contract,” he said.

Chu said that for the DayTrading88, investors would pay a brokerage fee only when profits were made per stock during the day. “With the fully-automated trading process, investors will have more control over their transactions,” he said.