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 What is the best online broker malaysia?, opinions

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guy3288
post Oct 17 2015, 09:23 AM

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QUOTE(carrer @ Sep 2 2015, 02:30 PM)

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.
*
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

 

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