Do not go to that "harimau " logo bank, terrible service, lousy platform, , i hv a margin account with FD as collateral, recent i decided to cancel the margin service and withdraw my FD, guess how long they take to settle it? more than a month !! my FD to off lien also need to take more than 2 week, after that to get the stupid branch manager to sign to release lien also another 3 day, i have called my broker at least more than 20x yet still follow up. FYI i don't owe the bank a cent. and this is the service i get. so so regret to have open the trading account with them, therefore i advise those who hv yet to do so , PLEASE AVOID the "harimau " bank
Hello Everyone if anyone is keen to know more about RHB-OSK Trading account Feel free to contact me. Been using OSK account and find it convenient. if you wish to open an account feel free to contact me :) 016-2099121 (Koh)
Edward Lee,few question,some using itrade cimb brokerage 0.42,>100k 0.21%.click trader upfront RM10K,sell from this account existing stock, any amount as long as is frm this account n 10k cash in this account,rate is 0.0388%/RM8.88(NO COLLETERAL ON THIS ACCOUNT FROM your PREVIOUS BUYING STOCK bcoz under nominee,mean any convertion fr warrant to mother share subject to fees n divident not direy pay you n subject to fees,Buying amount from this account subject to cash available on this account,must have balance RM10 n brokerage fees,stamp duty,N the minima amount deposit can be use as settoff for your bought, to 99%only,as long as there is 10k in this account buying n seling from this account subject to this spacial rate 0.0388%,if u use the RM10 to setoff buying, than deposit amount is less than 10k,later all your buy n sell will be charge according to normal rate. 0.42% ,so how to change above to RM8/0.1% brokerage rate,please advice,n formarging with rate cimb use fir buy n sell under pledge account?thkyou
Hi i3Investor, I am new here. May I know why some brokers charge brokerage fees as low as RM8-12 (or 0.1 to 0.3 <RM100K) but majority charge the standard RM28 for brokerage and 0.42% <RM100k)? Are there any catch in terms of trading platform features, services offered, etc? Thanks!
Thats bcoz, pledge and direct account. pledge account higher brokerage fees. better go for direct account(non margin). got money then only invest. pledge using margin (credit)
Posted by RAYdiant > Feb 15, 2015 12:10 PM | Report Abuse
Hi i3Investor, I am new here. May I know why some brokers charge brokerage fees as low as RM8-12 (or 0.1 to 0.3 <RM100K) but majority charge the standard RM28 for brokerage and 0.42% <RM100k)? Are there any catch in terms of trading platform features, services offered, etc? Thanks!
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Avoid CIMB at all cost. They put unnecessary restrictions to buy when a counter is very active like Waitoni. It's your money you make the decision, not them!
Previous with Jupiter Securities. It's great, low brokerage, fast service assistance. The trading system using MSC Excel Force. They do offer Syariah account, t7, but need to ask them. Account opening is easy and fast. Now with HleBroking, also low brokerage fees. Basically there's almost no difference between both. Same system, charts etc. I heard that Malacca Securities also got lower brokerage. But didn't try yet.
Brokerage fees is important. It determines how many price change you can breakeven. Lower brokerage fees means faster breakeven when price goes up.
For charting we have Chartnexus but it does not provide real time data. I prefer to use Bursa Station, real time data provided, all tools and indicators are available also. I recommend it if u are serious in trading.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
buffetthe2nd
438 posts
Posted by buffetthe2nd > 2014-11-18 16:42 | Report Abuse
how much is the minimum charge for uobkayhian online trade??