Trading stock via maybank2u

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Trading stock via maybank2u, let discuss

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Seng_Kiat

Jan 17 2007, 09:45 PM

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Look at all my stars!!

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hi guys,

i just realized that maybank2u is providing stock trading .. im interested in it but i have no idea hows da things going on .. what should i know before i involve in this businesS?

let share your experience by trading via maybank2u ...

deadalus

Jan 17 2007, 10:34 PM

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Live Life Cool

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it is not a normal trading account

the one offer in maybank2u is indeed a SHARE MARGIN account, it is dangerous if you do not have proper discipline and game plan as the MARGIN account provide facilities for you to buy shares. Similar like borrow LOANSHARK $$ to invest in KLSE.

if want invest KLSE just open account in any securities company (i.e TA, OSK...) It only cost RM10/= for registration a CDS account

dsiew

Jan 18 2007, 09:08 AM

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i noticed m2u has this SHARE MARGIN account too.
can m2u just be a normal KLSE account?

i'd just like to monitor shares and use my own m2u money to invest.

ginvin

Jan 18 2007, 12:56 PM

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its a online trading account. quite convenient! however, there will be no remisier appointed to you, have to trade on ur own feel

hahaha85

Jan 18 2007, 01:30 PM

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QUOTE(deadalus @ Jan 17 2007, 10:34 PM)

it is not a normal trading account

the one offer in maybank2u is indeed a SHARE MARGIN account, it is dangerous if you do not have proper discipline and game plan as the MARGIN account provide facilities for you to buy shares. Similar like borrow LOANSHARK $$ to invest in KLSE.

if want invest KLSE just open account in any securities company (i.e TA, OSK...) It only cost RM10/= for registration a CDS account

What is share margin account? It's that if I dont have enough credit in my account I am still able to buy the share but loan it from the bank? Correct?

QUOTE(ginvin @ Jan 18 2007, 12:56 PM)

its a online trading account. quite convenient! however, there will be no remisier appointed to you, have to trade on ur own feel

What do u mean by trade on yourself? Means sell and buy I have to do it online right? Anyway, if i open my cd account at osk but I am using maybank account to trade...Am I able to buy using maybank account but sell by telling my osk remisier?

Thanks

deadalus

Jan 18 2007, 04:39 PM

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QUOTE(hahaha85 @ Jan 18 2007, 01:30 PM)

What is share margin account? It's that if I dont have enough credit in my account I am still able to buy the share but loan it from the bank? Correct?

It is like you put RM 100,000 into the Margin account, the bank will prodive you the total available fund RM 200,000 for investment purposes. Means the bank will provide additional RM 100,000.

Scenario 1--- You only use your own RM 100,000 to invest and dont touch the margin facility from Maybank, then it just act as a normal CDS account.

Scenario 2---You fully make use of the RM200,000 to invest (Including the additional RM 100,000). Then the bank will charge a 5~10% interest on the RM 100,000.

hahaha85

Jan 18 2007, 06:30 PM

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Anyone know is it same for the cimb account if compared to the maybank account?

ginvin

Jan 18 2007, 08:11 PM

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QUOTE(hahaha85 @ Jan 18 2007, 01:30 PM)

What do u mean by trade on yourself? Means sell and buy I have to do it online right? Anyway, if i open my cd account at osk but I am using maybank account to trade...Am I able to buy using maybank account but sell by telling my osk remisier?
Thanks

yup, everything done online, ie. key in how many units wanna buy @ certain price. no remisier involved.

not sure bout cd at osk but trade via other party.

[PIMPIN]

Jan 18 2007, 08:34 PM

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You place the order and it goes to the dealers who do the transactions; its not direct to market so there is a bit of delay in terms of execution. This can be a problem with really volatile counters as sometimes orders only partially matched or not at all.

Share margin financing for CIMB allows you 2x the cash you pledge or 2.5x the shares. Even then it depends on what counter. For larger lines, customer would have to specify if margin is used for single counter or basket of counters; blue-chip or otherwise as this affects the terms and subsequently the limit. Usually there is a quantity or price limit for counters which is supplied to customer.

interest kicks in at T+5 and interest rate iirc is BLR + 0.75

leekk8

Jan 18 2007, 10:00 PM

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Any Maybank2u online trading account user here? Please share your experience here, got any issue you're facing, or any benefit with this trading account? I just open an online trading account in Maybank2u but havn't started to trade. It seemed like we must open a Premier1 account, which will charge us RM5 monthly.

hahaha85

Jan 18 2007, 10:09 PM

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QUOTE(leekk8 @ Jan 18 2007, 10:00 PM)

Any Maybank2u online trading account user here? Please share your experience here, got any issue you're facing, or any benefit with this trading account? I just open an online trading account in Maybank2u but havn't started to trade. It seemed like we must open a Premier1 account, which will charge us RM5 monthly.

Wah maybank account will need us to pay RM5 monthly is it? Then how about cimb account? Is it meant no more remisier charges/ commission for online trading?

deadalus

Jan 18 2007, 11:40 PM

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the benefit from maybank2u share margin account is that you no need to pay for the 1.5% commission for the remisier. (not so sure, the last time i buy anything through maybank2u is 3 years ago)

athlon 11

Jan 18 2007, 11:41 PM

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QUOTE(leekk8 @ Jan 18 2007, 10:00 PM)

Any Maybank2u online trading account user here? Please share your experience here, got any issue you're facing, or any benefit with this trading account? I just open an online trading account in Maybank2u but havn't started to trade. It seemed like we must open a Premier1 account, which will charge us RM5 monthly.

can i use other maybank current account instead of premier 1?

deadalus

Jan 18 2007, 11:51 PM

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the former i-account (mayban current acc.) has renamed to Premier. The charges is RM 20 annually, not Rm5 per month.

[PIMPIN]

Jan 19 2007, 03:42 AM

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CIMB trading account is free..
Brokerage fee is 0.7%?

David83

Jan 19 2007, 07:23 AM

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QUOTE(deadalus @ Jan 18 2007, 11:51 PM)

the former i-account (mayban current acc.) has renamed to Premier. The charges is RM 20 annually, not Rm5 per month.

Do you meant that you need to pay annual fee for a current account? This RM 20 annual fee is for what?

sotong168

Jan 19 2007, 07:51 AM

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PBBANK(1295) GO! GO! GO!

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QUOTE([PIMPIN] @ Jan 19 2007, 03:42 AM)

CIMB trading account is free..
Brokerage fee is 0.7%?

if i'm not mistaken is 0.4%, u save 0.3% frm conventional remiser

repusez

Jan 19 2007, 07:56 AM

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now their latest beta stock trading website demo looks quite impressive, with all the graphing and things.

but do remember if you are using maybank2u nominee account, you cannot apply IPO shares. If you need to apply IPO you need to open another account with maybank security (can't remember the name correctly)

sinister

Jan 19 2007, 10:07 AM

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yeah.. i used to use maybank2u to buy/sell shares... but due to bz schedule.. i haven't use it for 1 year.. now wat was my password again...

Singh_Kalan

Jan 19 2007, 11:07 AM

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QUOTE(sinister @ Jan 19 2007, 10:07 AM)

yeah.. i used to use maybank2u to buy/sell shares... but due to bz schedule.. i haven't use it for 1 year.. now wat was my password again...

i already change the password for u and trade under your account.

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