1) yes. USD held in a foreign currency a/c Maybank Nominees under your name
2) just open a direct CDS and transfer your shares.

Thank You,

Anyway , are you a remiser of maybank investment bank? If so,
1)can you list down all stock exchanges that
can be traded with maybank?

2) what are the brokage fees and any other feature that
are provided

This post has been edited by BabyZebraCrossing: Dec 9 2014, 09:44 PM

Well yes but if the RM is weak, US shares cost more to buy. And since it is weak it will possibly be stronger some time in the future. So if you buy now, you pay more, and you might not make as much profit in a few years if the RM gets stronger from now.

Best time to buy foreign shares is when the RM is strong. That way you pay less (in RM) to buy them, and in the future when it weakens you will gain more profit


This post has been edited by wodenus: Dec 9 2014, 10:52 PM

1) online - SG, HK, US
offline - Japan, UK, Thai, Indonesia, Australia, Germany, Swiss, Canada, Korea, Philipines, Taiwan, China, Vietnam, India

2) brokerage fees +/- 0.5%
feature provided - 24 hour dealing desk, global research coverage

seriously this maybank foreign stock is pretty screw up
for the london stock exchange it will cost you 0.7% or 100gbp whichever is more
and they dont offer foreign currency account or foreign currency credit or debit card.
which is another drawback.
seriously if we are living in open market this bank will kena screw big time. ( i can guarrantee you most of the local bank cant survive with the rock bottom trading fees that foreign bank is offering.)

https://www.cimbanque.com/
https://www.sc.com/sg/ways-to-bank/online-trading.html

if for low us securities account. no minimal to start or maintain can even be 1000us

try http://www.sogotrade.com/
https://www.zecco.com/

u pandai pandai trade first with 1000usd if at all it earned to 10,000 us can keep with banking as they do come with debit card/
another fantastic broking account is
http://www.investorseurope.com/
this account allow you to access moscow stock exchange and shanghai stock exchange directly with no minimal requirement

hi, how long have you been using this two company to trade US stocks? are they reliable and allow for account opening via online frm malaysia?

open foreign account overseas.. susah no office in malaysia
could be scam also.. please beware. do at own risk

I kinda agree. When it comes to hard-earned money, you either go with those trusted foreign brokerage like IB / Ameritrade or accept those local brokerage with killer fees.

Can I ask how much is the foreign (Singapore) shares dividend handling charges for local brokers other than HL e-broking (e.g Maybank/CIMB iTrade).

I am using Hong Leong e-Broking and the charges are high in my point of view. 10 SGD for every dividend you receive. Is it normal ?

This post has been edited by Butcherator: Jan 7 2015, 04:30 PM

CIMB also charge $10

Thanks Ryan18. My friend confirmed that Maybank doesn't have any charges on the dividends. Looking to change from HL to Maybank.

This post has been edited by Butcherator: Jan 8 2015, 04:07 PM

hi guys,

Which local broker is best to use for HGX stock?

thanks alot

Share transfer will involve a cost right?

The downside is this :

(1) You never know if your dividends are in.. you won't find out until you call your broker.

(2) Dividend crediting can take a while.. sometimes weeks. If your broker says dividend is in, you pretty much have to take his word for it, until the statement arrives.

(3) You have no idea of knowing how much funds you have in any currency until you call your broker.

In short you have to call your broker. A lot lol. If you are a trader you have to keep your own records. With HLB it's more expensive, but you can see same day when your dividends go in. Also the lag time is less, Maybank KE's order execution is not as fast as UOB Singapore (HLB's foreign partner) but they are much cheaper.

In short, HLE : less trouble, faster execution, more expensive.

Maybank KE : not as fast, a bit more troublesome, cheaper

This post has been edited by wodenus: Mar 26 2015, 11:23 AM

RM10 only

Your friend seems to be mistaken. There does seem to be a charge, it's just lower than HLB's



This post has been edited by wodenus: Mar 27 2015, 12:22 PM

So any idea of the actual nominee and foreign agent rate on foreign equity?

depends on which exchange... some have some don't have