from your point, im new blood, need guidance, AmeSec might not a wise choice for me then

I been with Jupiter for years...no complaints

Have a nob question ... why the brokerage fees is lower when you do it online compared to call in to the broker house.

Do the phone call buy/sell gets priority compared to the online transactions or its first come first served?

same priorities iinm, normally call orders have higher brokerage (in USA lah) not sure here.

except that you can Only use Internet explorer

(1) Machine layan u
(2) Human layan u

Isn't it obvious enough?

If you call in, human resources required to attend to you and hence higher charges. Online is automated and with ecomomies of scale and thus cheaper. If your platform is already on and ready, buying online should be faster compared to call in. Call in sometimes broker might not be free yet. Online you key in yourself.

Hello,
I was transferred here from 'https://forum.lowyat.net/index.php?showtopic=3696882&st=0&p=76181198&#entry76181198'

There are a few brokers which interest me because of their commissions. However, due to convenience, I would prefer HLeBroking. Is there any remisier here who I can contact?

Back to your 'old' reply.... before the lockdown... lol

1. Most offer charting software... but not all the same.
Some is really 'useless' la...
and some system is not even reliable and they offer terrible 'service'....
some has teething problems whenever one banks in or withdraws......
so....the cheapest brokerage house might not necessary offer you the best option....


2. When I trade, making money is much more important than saving money.
Cheap trades seduces and teaches one to embark a much riskier trading style - ie one is seduced to trade for scraps.
This is not to say such trading does not work, in fact some really good traders can make a good living on such scraps....
but the majority mati katak one....
cos it induces poor trading decisions...
the trader usually takes the small profits when instead they could have had a nice 'jackpot' of a winning trade....
they sell cos they got the easy option offered by cheap brokerage, hence ruining their big winning trades....
and trading more often does not necessary equates to a better trading strategy....
which is why I said cheap does not guarantee one winning (as in long term)

anyway... poison is always subjective la....
to each their own....

1. If your 'useless' is implying the platforms non-reliableness, then it is of my concern. If the platform keeps on crashing or not executing my trades, it is definitely a concern. I don't trade intraday, I usually hold my positions for weeks or months. I only look at the Daily chart and above. Therefore, as long as the platform can fulfill these requirements, it should be okay.
I don't mind paying a little more commissions to avoid the depositing and withdrawing problems.
If you have a broker of recommendation, please do let me know.

2. I will give you an example.

Assuming that my account is 200 MYR.
I am buying a 100 shares priced at RM2 (RM2*100 = RM200)
CIMB iTrade commissions = RM200*0.42%(in this case RM28, minimum brokerage fees)+RM20(stamp duty) = RM 48

HLeBroking commissions = RM200*0.1%(in this case RM8)+RM20 = RM 28

[I am not sure if the commissions are a round-trip commission or not]
My stock price has to move RM 0.24 for iTrade, and RM 0.14 for HLeBroking to break even.
In percentage, my stock has to move 12% for iTrade and 7% for HLeBroking.
They are significantly different.

I am using 200 to show how significant the commission is to low capital traders.

My comments are just random...
Just give a good thought and wish you the best in your trading.

Don't rush to be in this game....
Know who you are yourself thoroughly....

Cheers

Your computation is wrong...stamp duty only RM1 per RM1,000, so since less than RM1000, stamp duty only RM1. U have not factored clearing fee in at 0.03% (have to also incl 6% GST, so it's 0.0318%. Stamp duty no GET but brokerage got.
So it's -
CIMB - 29.68 + 1 + 0.06 = 30.74
HL - 8.48 + 1 + 0.06 = 9.46
AB - 6.36 + 1 + 0.06 = 7.42.

Yes, U also have to pay the usual brokerage + stamp duty + clearing fee when U sell. So your share has to go up to above RM2.60 for CIMB, RM2.20 for HL and RM2.15 for AB B4 U can even think of selling to make a profit.

Anyway, no issue for me using AB as to depositing and withdrawal as I use my AmBank savings ac to deposit and withdraw online. If I want to buy shares today, I'll just have to login to my trading ac and make an on9 transfer from my AB ac to my trading ac B4 8am, and then I can start buying stock on that day itself. I just need to login to my trading ac to make a withdrawal to my AB savings ac B4 about 9am and the funds will be depoisted to my savings ac by about noon. I've been using AmeSecurities for about 2 yrs already and have yet to encounter any major problem. Also their customer service is good; u can call them directly or send an email.

This post has been edited by topearn: Sep 3 2015, 02:42 PM

Thanks for the correction.

I will consider AmeSecurities.

What about trading futures?
Which broker is good as in rates (for ikan bilis) and support?

Thanks!

ambank Amsecurities really provide non updated services.

Now already Oct 2015, but the data only update until Sept 2014..

http://www.basepic.com/2015/Oct/04/15157829.jpg

You get what you pay for..

ecm now under kenanga becoming very expensive. am I right?

lol no one mention bout RHB Tradesmart?

i use Malacca Securities, the fee is much lower, not RM48, not RM28, only around RM14.00+/-

Best is , i can also claim back the transfer fees of shares from my prev brokers , UOB Kayhian, OSK,

This post has been edited by guy3288: Oct 17 2015, 09:25 AM