Jul 24 2012, 09:33 PM
QUOTE(gc68 @ Jul 22 2012, 10:43 AM)
Folks,
Some progress updates - I have successfully opened Maybank Global Trading account and have been actively buying in the last 2 weeks.
Why MBB instead of international foreign brokers? Legal recourse. If there are any issues with the local broker, I can go after them.
As for international brokers, things can be more complicated.
Moreover, my local broker has been very helpful [surpirisngly].
My general impression is that local brokers don't give you much attention until you have more than RM100K. The one I used to have with Affin totally sux, she is not even interested to chat any longer than 1 minute!
I am starting small but this broker of mine has been patient and responsive.
I have been focusing on banking shares in NYSE and HKEx since they are all very undervalued now. Their PE ratio are all single digit, DY is at least 2%, most are 3%.
I also get access to all the stock reports by S&P, it is a good source of information that summarized the profile of the stock. You CANNOT get that kind of quality report from local research houses.
For example - they even provide you with the total $$$ worth now if you had invested US$10,000 in the stock 5 years ago. And a lot of US banking stocks are way below the US$10K mark!
HKEx banking shares DY are even better and I'm talking about banks with assets size of more than RM500 billion.
Energy stocks are also down for this year and it is worth watching and see if it goes any lower.
One last thing - while ECMLibra per trx rates are lower, there is a local charge of RM40 per trade. So if you add up all that cost, it is more expensive than MBB Global Trade.
Anyone here has CIMB global trading rates?
Added on July 22, 2012, 12:06 pmGreat list yokaze.
I just got the June 2012 copy of SmartMoney and it has an article on 2012 Broker Rankings.
Here's the Top 10 & theri commissions :
1. Fidelity - $8
2. Scottrade - $7
3. TD Ameritrade - $10
4. E-Trade - $10
5. Schwab - $9
6. TradeKing - $5
7. Zecco - $5
8. Merrill Edge - $7
9. ShareBuilder - $10
10. WellsTrade - $9
Fidelity, Ameritrade and e-TRade has the best trading tools and research tools ranking - 5*.
So, is there any minimum deposit needed in order to trade foreign shares using MBB global trade? just wanted to park some of the unused money in foreign blue chip stocks. heheSome progress updates - I have successfully opened Maybank Global Trading account and have been actively buying in the last 2 weeks.
Why MBB instead of international foreign brokers? Legal recourse. If there are any issues with the local broker, I can go after them.
As for international brokers, things can be more complicated.
Moreover, my local broker has been very helpful [surpirisngly].
My general impression is that local brokers don't give you much attention until you have more than RM100K. The one I used to have with Affin totally sux, she is not even interested to chat any longer than 1 minute!
I am starting small but this broker of mine has been patient and responsive.
I have been focusing on banking shares in NYSE and HKEx since they are all very undervalued now. Their PE ratio are all single digit, DY is at least 2%, most are 3%.
I also get access to all the stock reports by S&P, it is a good source of information that summarized the profile of the stock. You CANNOT get that kind of quality report from local research houses.
For example - they even provide you with the total $$$ worth now if you had invested US$10,000 in the stock 5 years ago. And a lot of US banking stocks are way below the US$10K mark!
HKEx banking shares DY are even better and I'm talking about banks with assets size of more than RM500 billion.
Energy stocks are also down for this year and it is worth watching and see if it goes any lower.
One last thing - while ECMLibra per trx rates are lower, there is a local charge of RM40 per trade. So if you add up all that cost, it is more expensive than MBB Global Trade.
Anyone here has CIMB global trading rates?
Added on July 22, 2012, 12:06 pmGreat list yokaze.
I just got the June 2012 copy of SmartMoney and it has an article on 2012 Broker Rankings.
Here's the Top 10 & theri commissions :
1. Fidelity - $8
2. Scottrade - $7
3. TD Ameritrade - $10
4. E-Trade - $10
5. Schwab - $9
6. TradeKing - $5
7. Zecco - $5
8. Merrill Edge - $7
9. ShareBuilder - $10
10. WellsTrade - $9
Fidelity, Ameritrade and e-TRade has the best trading tools and research tools ranking - 5*.
Quote
0.0145sec
0.20
6 queries
GZIP Disabled