Global Trading Accounts, Investing in shares other than KLSE
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 Nov 30 2014, 03:55 PM
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#1
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All Stars
14,990 posts Joined: Jan 2003 
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QUOTE(hangus @ Nov 29 2014, 10:39 PM) I would suggest flying to Singapore and open an OCBC Securities broker account. Check out their website http://www.iocbc.com/ . They have 14 markets to choose from. Got access to Asia Pacific, US, Europe and Australia. Really comprehensive if you ask me. What are the commissions like? This post has been edited by wodenus: Nov 30 2014, 04:01 PM |
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Dec 7 2014, 07:05 PM
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#2
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(repusez @ Dec 7 2014, 05:36 PM) i think you can download from here Wow more than 60 bux. min.. about Rm20K per counter if you want to get 0.30%?http://portal.iocbc.com/assets/pdf/ospl/Co...sionCharges.pdf usd min per trade is 0.30% per trade , min usd $20 This post has been edited by wodenus: Dec 7 2014, 07:06 PM |
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Dec 9 2014, 10:51 PM
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#3
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(ahwai @ Dec 9 2014, 04:05 PM) if you hold US shares then very good.. u gain on forex 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 |
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Mar 25 2015, 06:55 PM
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#4
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(ahwai @ Dec 9 2014, 04:25 PM) 1) yes. USD held in a foreign currency a/c Maybank Nominees under your name Share transfer will involve a cost right?2) just open a direct CDS and transfer your shares. |
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Mar 25 2015, 07:15 PM
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#5
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(Butcherator @ Jan 8 2015, 04:07 PM) Thanks Ryan18. My friend confirmed that Maybank doesn't have any charges on the dividends. Looking to change from HL to Maybank. 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 |
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Mar 27 2015, 12:15 PM
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#6
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(Butcherator @ Jan 8 2015, 04:07 PM) Thanks Ryan18. My friend confirmed that Maybank doesn't have any charges on the dividends. Looking to change from HL to Maybank. 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 |
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Mar 27 2015, 01:16 PM
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#7
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(ahwai @ Mar 26 2015, 08:48 AM) RM10 only So any idea of the actual nominee and foreign agent rate on foreign equity? |
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Mar 27 2015, 05:01 PM
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#8
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All Stars
14,990 posts Joined: Jan 2003
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QUOTE(ahwai @ Mar 27 2015, 02:38 PM) depends on which exchange... some have some don't have Ok is there anywhere a list of exchanges with the corresponding foreign agent and nominee rates for dividends? should be one, or at least broker should do one as a service to clients |
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