it indicated 0.10% broker fees ?

mean the remisier fees is lower ?

i believe 0.10% is for intraday trading. Usually normal brokerage fees is around 0.40-0.42% (depends on negotiation with ur broker).
But normal brokerage fee couldn't much lower as u mentioned above unless ur negotiation skills is excellent.

every1 shud change to hong leong ooo.... CDS FOC!!! min brokerage fees onli rm12... jus apply acc wit them... jus write form.. no need pay anything... ^.^

Erm.. i hav recently apply for the hlebroking account. Approved d but haven use it b4 yet.

They said i nid money first in the trust acc b4 i can trade. But how much is the amount needed? Eg. Lets say i wan to buy shares to the amount of rm2000.

wah...benefits quite good.
Seeing its min brokerage fees at RM12 makes me drooling liao..
remind me back last year before SC start increasing broker fees at 1st Jan 2008..

There are some investment banks complain to SC about this, don't know the outcome yet, bare in mind. If it is allowed to have Rm12, soon or later, others might follow suit as well one, and 'online trade' become a 'loop hole to reduce the Rm40 min. Let see how is the outcome.
If Rm12 is allowed, then last year budget announcement of Rm40 min become a 'joke' already.

The RM12 is more appropriate to promote investment among retailers especially small retailers.

One thing doesn't like about this trust account (HLebroking), you need to bank in the money before you can trade, it is quite troublesome sometimes, especially old timers like me, already use to trade whenever we wish.

Highlighted in Bold above. Not exactly true, all you need is the first time bank in. Once you trade, your share on hand become your collectoral, that it self with some cap value and the company allow you trade up to number times (3X) of the capped value. Only need to settle those stock that require you to pick up (T+3) like normal remisier transaction after that.

Any hidden charges besides the brokerage fees? I would consider if it's WYSIWYG.....

No hidden charge. so far, what i know is intraday trading is 0.1% and this is true because i have such trading recently and minimum RM12 other than intraday. One more thing is even more attractive is that their trust account give very good interest (abt 2%+) for any cash amount > 1000. Please call thier helpdesk to clarify if you interested.

Sori. I understand half half oni. Can xplain more using an example or in a case?

Ok, thanks for the details.
Btw, is Hleboking a trust account aka mean shares are hold by HLebroking (like Maybank case), not directly in your name? Just curious to know.

Should be, based on your input on the collateral side

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Added on February 27, 2008, 4:49 pm

Mean that if you have bought 5,000 worth of shares previously (now still worth 5,000 based on market price), they allow you to trade up to 15k before you need to bank in some money.

Well, there is still additional charges(not hidden charges as it is standard charges applicable to all) like stamp duty fee(RM1 for every RM1K) and clearing fee(forgot d details liao).

Yah, RHBInvest also same. Only bank-in for first time. Afterwards based on amount available in your trading account, you can trade up to 3X times of it.
When reach T+3 days, you need to bank in money to pick up or sell it(contra loss/profit. No need to bank-in).

I'm not sure whether share that i bought is belong to me or to company(collateral) coz not sure what type of my account was.
(Note: i din asked too much details. As long as i can trade, it is fine to me.. )

The trading account opened is a nominee account and is a trust account under HLebroking, so i guess the shares hold is not direct under your name. HLebroking will act/manage on behalf of you for all administration work like Bonus issue, right isse, Dividend payment & etc. In this case you wont get the annual report and div payment direct from the registra, it all intercepted by your nominee so to speak. If i'm not mistaken all online trading in the market are in nominee account, there is no direct under your own name.

No, those online trading offered by banks one generally are nominee account.

But if you open with investment bank (securities firms) one, they are generally a direct account.

Cheers.

Yah true, i have a direct account with OSK but my online trading is via my remisier and the brokerage is higher. Thus, i switch to HLebroking which offer much lower brokerage but of course is a nominee account.

In OSK you still need to bank in after like 3-5 days if your trust has no sufficient fund. Still need to bank in also, not like they grant extension to weeks. I might switch to HLE too.

Under KLSE rules & regulation is T+3, all must make payment, some can grant 1-2 days extension, but still need to pay mah, don't quite understand your situation.

My friend, HLebroking do provide direct account as well.
Like me, i having a direct account ( or cash account ) and nominee account in HLEbroking as well.
The fee is the same for both type of account

May i know where do you go to open a direct CDS account with HLeBroking??

So if i open a direct CDS acc with HLeBroking, then do i still have to open another nominee CDS acc for online trading?

Tq.

everything done online. However, the cds account they given cannot use to buy ipo.

That's why i was asking how to open a direct CDS account..the one that will enable me to buy IPO shares.

Last time i called them up, they said need to meet personally to sign some document for the opening of normal cds account. However, for the apexetrade, they will mail some document for you to just "sign" and resend them back .

I didn't have to go there personally. HL eBroking also pays you FD rate for idle fund in the trust account, if it is more than RM1K.

Pretty good broker...

That's not what I was told - I was told the interest is 1.x percent. It's a worry the person couldn't be more precise (probably a new employee) but that reminds me to check again.

Also an info sheet I got says "Interest on Credit Balance" but didn't specify what it was. Probably subjected to change without notice.

But it's an interesting approach - it makes people more likely to keep their funds in the account and spend it on buying more shares. More profits for them.

hle is perfect, the only down side is that they only allow 2x trading limit whereas apexetrade have 4x and cimb have 3x

thats because they dont want you to win or lose too much hehe.i use hle too

lol. thats true also.... In the positive side, can gain 4x, negative side, can lost 4x.

but stocks purchased under here is still just under a nominee account rite?? is it safe?? i mean like wat if something happen to the bank, we havign nominee account sure rugi lo since we do not really have "absolute" power on the shares we buy

aiya, can't believe HLE don't have something as basic as putting in a sell/buy order with a VALID-UNTIL date.

Open account with RHBInvest, the direct CDS acc with Bursa is FOC.

I had a CDS account. But I never trading for almost a year. I think I had lost the letter with no pin together. Is that alright to renew it with HLbank? Any additional charge to open a CDS account there?

DOnt think you can renew CDS account. CDS account attached to respective broker firm. You will need to open new one with the new broker firm (HLeBroking, Maybank, OSK, Apex & etc..)

i hav CDS account...no use for long time and i think it's no active now..

1. what can i do..can still apply for hongleong ebroker?how?

2. what the benefit?can i get real time market price for free?how about other benefit?

3. i know got service charge when trade share...how about other fee?is it free
except the commission when trade?

Today, I've gone Hong Leong bank to open accounts for Online Trading. This was my first step in Stock Exchange Market, hope i can gain some pocket money here

Sifus here must guide me

Why do you all like HL ebroking? Is it because it offers the lowest brokerage fee?

How is their trading platform? User friendly? Powerful features?

Also I see people mention about choice of direct acc or nominee acc. Which is preferable?

Personally I would advise people to go for direct acc and choose the broking firm that are convenience for you and provide better service one. Brokerage fee is not differ much in between broking houses, just a little tiny bit only sometimes.

which are the banks tht provide direct acc ?

some body can give me answer...need help pls.

If you still have the CDS number, check it with the Bursa to see if it is still active.

1. Just go to HL bank with the CDS number and ask information counter

2. I not sure. i use OSK and RHB

3. All trades have service charge + stamping duty. I am not sure for HL because i dont use them. I prefer to talk to my broker on trades that i am doing and to compare other market shares such as Hong Kong, Singapore before i buy them. THis is because Malauysian share market are mainly reactive to other markets.

1. Go to a HLB branch with sharebroking section (not all branches have this), and they will do everything that needs doing for you free of charge.

2. Yes, you get online access with your account, which allows you get info and buy/sell real-time. Their system is quick and has all the essential info, but lacks the capability to enter VALID-UNTIL buy or sell orders. All orders expire end-of-day, and have to be re-entered each day. Feature will be included in a upcoming release of the software, I was told.

3. 0.42% brokerage fee + 0.03% + RM1 per 1000 RM.

CDS account is attached with respective brokers.

If one open CDS with ABC broker, then all shares traded under ABC broker will keep or withdraw through this ABC CDS. You can't transfer the ABC CDS to another broker house to use. So if one wants to trade using XYZ broker then one has open another CDS with XYZ broker.

The first 3 numbers of your CDS is indicating (xxx-xxx-xxxxxxx) which broker house of the CDS account is attached with. Bare in mind also. shares in CDS account can't be cross linked. So even you have TTT stocks in ABC CDS, you can't sell through XYZ broker, as XYZ broker has no access to ABC CDS, even though both account is under your name.

So if you want open an account with HLebroking, then you have to open a CDS with HLebroking, unless you have open one before with them, then don't need.

sorry tumpang thread, what is CDS ?

for question 1
do i need to apply new CDS account for hlebroker?

for question 2
u mean view or access with my existing hlB account or need to open a new account for hlebroker?
also
is it provide real time stock price?

for question 3
what u mean 0.42% brokerage fee + 0.03% + RM1 per 1000 RM?are u mean 0.42 charge by broker and RM1 for every RM1000 trade?
how about the 0.03% for what?
any charge for if no use?

1. I repeat - 'they will do everything that needs doing', including opening a CDS account, for you.

2. Your existing HLB online account will have access to another option HLeBroking (after your application has been processed), and this option gives you access to real time stock price. They will do this for you too.

3. 0.03% = clearing fee, for each buy/sell. No use, no fee.

0.42% brokerage fee - this one go into the broker's pockets. Different broker different charge.

0.03% clearing fee - this one go to Bursa Malaysia's pockets. Same charge for all broker.

RM1 for every RM1000 - this is stamp duty. Go to the gamen's pockets.

thank u for u help...

1. u mean i only need to apply for hlebroking then they will settle all for me include CDS account?

2. u mean i can use HLB online to access my current traditional "saving account" open at bank?
and also
HLebroking account(with the option HLebroking at hHLB online ?)and i can get real time stock price for free?

cheroy,

Technically you are right, however i have tried to use CDS account from OSK to purchase IPO using CIMB click. The IPO share then can later be sold using OSK account.

I didn;t get charge by CIMB Click account but i did with OSK.

regards

I am told that I couldn't transfer money from SharesDirect account back to Saving account without informing them thru the phone (nope I can't transfer them back using online banking, but I can transfer from Saving account to SharesDirect) zzz

I found that this is ridiculous, if I have to call them to do this, means I don't have my banking privacy.

In what way do you mean you don't have banking privacy?

umm.. means they know how much amount i want to transfer back to my saving account :-D