I am looking at opening a share trading account with maybank, but M2U website is confusing me.. There seem to be 2 share trading accounts advertised...

Maybank Share Trading / Margin Financing (Maybankinvest) <-- Link

Maybank Investment Bank Share Trading <-- Link

Which should I choose?

Thanks.

First one if you need to borrow from them (margin financing)
Second one use own money.

The main different,
1.Maybank Share Investment Centre - Only nominee account available
2.Maybank Investment Bank - Can open direct account

Maybank, Maybank SIC, Maybank Investment Bank, those 3 organization is different

Nominee
Share is bought by Maybank, and Maybank directly own the share, but the share is belonged to you under the deal between Maybank and you.

Direct
Maybank just provide trading platform, you own/trade directly the share.

WHich one is better? I'm not sure but by default they will sign you up to Nominee account.. thats where i am. if you dont tell them you want direct (account)

This post has been edited by Brotherjoe: Jul 20 2009, 09:55 PM

Direct ac better, personal opinion only...

also,
if u use Maybank Nominee Account u cant buy Maybank shares right ? and cant apply for IPO..
plz correct me if im wrong..

u can buy maybank share but not IPO,byusing cash account

I've just open my account with MBB. When I want to buy a share, there is two accounts that I can choose from. One starts with CSxxxx and the other one IFxxxx. I noticed that CSxxxx is my Premier Account no. So, does this mean CSxxx is using own money and IFxxx is borrow money?

Thanks in advance