LYN stock market FAQs & Guide, T+3, Dividends, commissions/fees, etc...
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 Aug 9 2010, 05:37 PM
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#1
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Senior Member
1,820 posts Joined: Jan 2003 From: KL/Singapore   
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hi all, im new to stock market and i would like to ask few question.
I had open a trading account and CDS with a broker. Do I need to deposit a sum of money into the broker acc. in order to trade? Since i just open an account and there are no credit inside my trading account. What can i do in order to trade? |
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Aug 9 2010, 05:51 PM
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#2
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Senior Member
1,820 posts Joined: Jan 2003 From: KL/Singapore
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Will my broker inform me the detail and procedures the fund to deposit to?
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Oct 22 2010, 04:48 PM
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#3
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Senior Member
1,820 posts Joined: Jan 2003 From: KL/Singapore
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i just deposited RM100 into my trading account. The trading limit showed RM86.72. Anyone know how to derive this figure?
As far as i know the brokerage fee is RM10, stamp duty RM1 and clearing fee = RM86.72 x 0.03% = RM 2.60 RM100 - RM10 - RM1 - RM2.60 = RM86.40?? I'm on jupiter online anyway This post has been edited by shanelai: Oct 22 2010, 04:48 PM |
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Oct 24 2010, 09:39 AM
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#4
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Senior Member
1,820 posts Joined: Jan 2003 From: KL/Singapore
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QUOTE(kmarc @ Oct 23 2010, 12:56 PM) Maybe you meant scrip dividend? They said that this is the trading limit which will take into account those charges, if i didnt trade my RM100 still in the trust account.  Errrmmm, why is there stamp duty and clearing fee when you didn't buy any stocks? I think it is better to just ask your remisier about it.    Is all your broker is same like mine? |
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