last time i prefer OSK188 OMS, but recently the software is not stable and always delay, RHB sucks. I can see the delay compare with HLeBroking. HLeBroking is not good, just like their charges 0.1% cash up front for buy and sell with minimum RM8.
叶杰昌 > collaterised, as the name implied, meaning u put a collateral into the account, and the account will generate a trading limit for u. let's say u are depositing 10k into the account, u may hav (example 3x trading limit) 30k to trade. the extra 20k is trading limit for u to trade, but upon T+3 u may need to top up the amount because the 20k doesnt belongs to u.
Dear ChinSeng93, if you don't mind u may actually open a trading account with Public Bank, the account is indirect account. Any right issue, DRP or conversion of warrant will be handled by Public Nominee instead of preparing it yourself. Thanks and with regard.
Stanley8199, when u're buying a share via direct account, u're owning the share directly, therefore the shareholder name will be your name. In contrast, buying a share via indirect account, the share will be park under a nominee, which mean they are holding the share on behalf of you. ie., Public Nominee pledge securities on behalf of XXX.
Thanks Edward Lee for ur clarification. For direct account, as shareholder I have to deal with the rights issue and other stock application on my own, right? I'm new to stock investment and paperwork I'm not familiar how to handle it.
If your trades are in smaller amounts, brokers like Malacca Securities help a lot with minimising costs. I'm still with Affin (its trading screen sucks), with a minimum charge of RM28. Malacca Securities is significantly lower. I've been procrastinating for months from going to open an account at its SS2 office. The traffic congestion at Persiaran Surian from Kota Damansara really discourages me from going that side.
malacca is the best among the lowest price.. but hlebroking 1trade offer T7 with no interest but it does not have good till date function... both have pro and cons.. but malacca is surely better than jupiter in term of pricing , and their platform is also way better.
This info will be useful to others too: Which account must I have if I want to trade stocks and also IPOs. From their website it looks like I need Equity Trading AND Margin Share Financing? Can someone please confirm
I wonder if a malaysian brokerage house gives us acccount protection like in the US, which covers shares and cash in my account when the brokerage house fails. Could you please tell me if they have, some of them have, or not at all? If any, tell me which houses have. Thank you very much.
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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....
winsun88
4 posts
Posted by winsun88 > 2013-12-03 21:13 | Report Abuse
What happen to ecm ecmmoney, still operating?