1. if u wanna deal to be fast then u buy at best sell price or any higher price than best buy price.

2. im not sure bout that. usually i use other apps such as stock hunter, chartnexus to see the volume. im just using the maybank platform to buy n sell. i dont like the interface. confusing. maybank really need to improve their apps an website's ui.

Thanks bro !!!

Hi all, I applied for a CDS account at Maybank today. I was told that it will only done in about 2 weeks time.
One question is, the agent actually opened a premier 1 account for me which will cost about RM15 monthly fees (if I am not mistaken)?
Is the premier 1 account really necessary ?
Can I cancel the premier 1 account to avoid the monthly charges and trade with my saving account?

The Premier1 account created for share trading purposes WILL NOT be charged any fees. I have had it for 2+ years, not a single fee charged. I can confirm this 100%. I had the same concern as you and my broker cleared it up for me.

If u open premier 1 account tie with trading acc , then it will not charge monthly fees , maybank trading exe told me 1 .

interesting topic

I don't think they got monthly charge u for the acc
Better clear it up with ur broker

Unless it's nominee acc

What is this account named? I check MBB website I got the H.O.T account:
http://www.maybank2u.com.my/mbb_info/m2u/p.../INV-Investment
is this the one 0.1% brokerage fee?

I am not sure but I think my current trading is through Remisier which I opened 3 years ago, so when I want to do trading I need to go M2U and do payment to "securities". So this is OSK account?

Btw, the 0.1% fee, what is the minumum charge? I read from i3investor it said RM8 minimum? means that if I trade less than RM 8000 then I will get charged RM8 per trx, right?

This post has been edited by terrence_my: Sep 13 2017, 03:39 PM

U forgot u open account with which broker?? Check ur CONTRACT STATEMENT / TAX INVOICE . I believe all broker have Cash upfront/ cash account which is 0.1% but if u dint ask then they will register Collateralised acc for u bcoz alot ppl prefer buy and hutang 1st and the charge is higher normally 0.42% .

0.1% or min RM8 if u buy under RM8k mean u kena RM8 lur , if u buy RM10 k mean charge with 0.1% . Not Maybank H.O.T Broking , it is not advertise in maybank website , if u check i3investor , it is stated there maybank cash acc . Juz go maybank branch ask for Cash Account . Maybank cash acc is direct acc which u can purchase ipo , some broker only provide nominee account for cash acc then u canot buy ipo .

I need to find my contract statement , few years ago should be collecting dust in my documents folder.

So as what you mention few posts before, I still can change to Cash Account 0.1%? I need to go MBB branch (Or MIB?) and ask for it?

In my case, because my CDS is under MIB, possible to direct convert it into cash account?

MIB is Maybank Investment Bank? How come u forgot u register with which broker u buy share u need transf $ to the broker , u transf $ to who u dunno . Yes u can ask them switch to cash acc for u if u using b the same broker , if u move to other broker ex from OSK to Kenanga then must register new CDS liao

I did not forgot broker hahaha, i still have his contact. I can check with him about the cash account?

The broker i mean is the company , not the ppl , the ppl = remisier . U say ur CDS under maybank investment bank then ur broker shd be maybank liao . Izit u transf money to MIB ? Thn go maybank ask switch to cash acc , remisier properly ignore u liao coz he will not get commission from u after switch to cash acc

This post has been edited by chiafoo: Sep 13 2017, 04:46 PM

ok i understood hahhaa, yes my CDS under MIB actually, which i made payment to MIB after i buying. Just I am not sure if MIB and MBB are treated same or different
So this case, I wont need new CDS right?

Thank you, then i should go MBB branch this week later

This post has been edited by terrence_my: Sep 13 2017, 04:54 PM

Mostly no need to hv new CDS if remain the same broker . I done tat b4 with my Kenanga Collateralised acc convert to cash acc .
After u got ur maybank acc account , they will register a new saving account for u call premium1 . In maybank2u web u can c 2 acc , normal saving acc and premium1 acc , transf $ from saving to premium1 acc then can start trade liao .

Thank you bro, I will go to MBB tomorrow to do so.

M2U trade acc can buka online?
I saw the website mcm can buka non-margin.

So I went to MBB branch nearby me just now (Ampang Park), the information counter lady told me that I cannot do investment account related thing at their branch as the investment department is closed there. She asked me to go other branch. I am blurred now should go KLCC maybe later

Mb tat MBB is a small branch . My place MBB ktn got a counter for investment1 , mb u call the branch and ask thm 1st b4 u go .

I opened mine there few years back, now they have moved to hq