Hi, I wanna to invest in KLSE market...

Need some guidance 1st before I enter into the market...

1) Which broker firm is good? Any suggestions? (I wanna do online trading and I don wan nominees acc)

2) How's the fees like? Are all the firms charge RM12 min fees?

3) Which broker firm's platform r u using? Is it user friendly?

4) Is the broker firm that u r using provides extra services(researches/analysis) ?? How much they charge for those services?

5) Any more things that i need to take into consideration when choosing a broker firm?




one more Q, which firm provide futures trading service ya?

This post has been edited by yong417: Sep 29 2009, 08:31 PM

Maybe i can help because i work in one of the broker firm.

1) More or less all broker firm are the same its the same as bank. Its not which broker firm is good but which remisiers or dealer is good. Most good remisiers only trade in large amount so if you have a lot of money then u might get good one . Do ask from experienced investor for remisiers recommendation.

2) Brokerage fees depends on how u trade...if u trade using online then u entitled to get discount but there is term & conditions u must adhere to. Please call all the broker first & ask them what are the terms & conditions. U can also trade overseas market ie. NYSE, STI ,Han Seng...so the brokerage fees for overseas market is different from the local market, so do ask before u do any trade on overseas market.

3) When u ask about the platform, do u mean the online trade?.....Most online trade are FOC so u get what u paid for...its very basic...but enough for casual investor. U still need a remisier or a dealer to use online trade.

4) All broker house provide free research/analysis....but these analysis are mostly the same what u get from newspaper or investment magazine. Do your own research by checking investment forum or website.

5)Unless your an experienced investor, be prepare to lose money!

I heard that Jupiter Securities is good. It offers Direct CDS account. Their fees is 0.10% or RM10 minimum. You can go to their website for more info.

This post has been edited by DanielW: Sep 29 2009, 09:04 PM

I use Jupiter Securities.
1. Direct CDS account. No nominee stuffs. So you get all the annual reports and notices in your mail.
2. Jupiter charges min RM10 or 0.1%, whichever is higher. The other charges stamp duty and clearing charges should be standard.
3. The trading platform is OK for me. If not used other platforms before, so I have no comparisons to offer.
4. There are research notes/analysis. But I never read them anymore. I pick up news from The Edge and this forum.
5. I don't think Jupiter offers share financing. If you want to "borrow money to buy shares" then Jupiter may not satisfy your needs. The do have "share margin account" though. If you don't like your brokerage firm, then try another.

for the jupiter, do i have to go over their branch or office to sign form ? or can done throu online ? and where is their branch ?

I m new to the market, casual investor only
dunno where to get a good one...


I thought everything done online...still need to call them? or i send instructions to them via their online platform then they execute?

Will it be real-time??

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Added on September 29, 2009, 9:39 pmJupiter Securities, are they reliable?( sorry to ask, 1st time invest, got a little bit nervous)

To register with them, do I have to go to their branch personally? cos I m working 9-5, might not have time to go to their office.....

and one more things, is Jupiter Securities dealing in futures?

This post has been edited by yong417: Sep 29 2009, 09:46 PM

I went over to the office to open the account. Not sure if opening an account can be done via mail.

The orders (buy/sell) that you place using the online trading platform is real time. Faster than you picking up the phone, calling your remisier, talk to them, and then your remisier keys in the order.

I don't think Jupiter deals with Futures for KLCI.

thanks

so How about OSK888

any other recommendations/suggestions??


This post has been edited by yong417: Sep 30 2009, 10:10 PM

I think if you want to start trading ... the broker choice is not the most critical area .
Many people who started trading lost money from the investment itself.
I suggest anyone who want to start trading the stock market should attend a good trading class first before committing your money.
As the saying goes you are going to swim with the shark

Hmm, look at my signature for online broker comparison but the list is still incomplete.

This post has been edited by GHz: Oct 1 2009, 06:47 PM

nice chart~~thanks