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2012-03-18 16:28 | Report Abuse
@Tan Kien Wei
Thanks for the advice, I would have gone for HL but their collateral rate is too high compared to ECM and Jupiter. I think they are not really specializing in collateral, in their own website also never show the rate or even mention that it is available.
It took me two hours plus just to find out the correct info. Call center lady told me 2x Cash 2x Share which is in fact the wrong rate. Luckily I receive email back from their helpdesk telling me the actual rate is 2x Cash and 1x Share. Finally I call back their call center to confirm and they said the one from email is correct rate. I don't know why they can't just post this info in their website so that we don't have to waste time to call and email them.
Anyways, I did online registration for ECM they gave me free trial account while waiting for me to submit the documents. Platform seems alright its the same as Jupiter one, HL apparently also using this same platform called Excel Force.
2012-03-15 14:38 | Report Abuse
HL cash up front is cheap but collateral still considered expensive when compared to ECM and Jupiter. For those who play contra paying 0.38% or 0.42% ends up being very costly, I calculate my savings is easily more than 1K by using ECM. Right now I am with Jupiter but want to have access to mobile trading so going to sign up with ECM.
2012-03-14 15:50 | Report Abuse
Just checked. HL does offer collateral account but quite expensive.
0.38% < 100K
0.18% > 100K
Standard 2x cash and 1x share. For frequent trader like myself the extra .18% is a lot.
Page: Brokers Comparison
2012-03-22 09:55 | Report Abuse
I tried the ECM platofrm for Google Chrome and also Safari on I-pad and it works for both. But it looks different to their IE platofrm.