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 Trading stock via maybank2u, let discuss

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opteng
post Nov 16 2009, 07:24 PM

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QUOTE(yusiang @ Nov 16 2009, 06:38 PM)
I just found out that maybank2u support online cash withdrawal from trading a/c and used that feature to transfer my $ out instead. Thanks anyway.
I cancelled a 30K*0.45 queued sell-order on a day earlier and it said 'unconfirmed, call broker' something blah blah so I tot it is already cancelled lah. On the next day, when I tried to sell the same stock@0.55, I found that the previous sell order was already matched. Yes, you can say it is my fault for not following the instruction to call the broker...sigh, forget it.
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it means you are earning 3k lesser.. not really losing 3k
poker
post Nov 16 2009, 07:25 PM

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yusiang,

that means you can withdraw cash from the trading account via atm?


whizzer
post Nov 16 2009, 10:01 PM

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QUOTE(poker @ Nov 16 2009, 07:25 PM)
yusiang,

that means you can withdraw cash from the trading account via atm?
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Ya. Please share how you did it ? It shows the balance of the Cash Stock a/c in my ATM screen, however, when I want to transfer or withdraw, it always give the no authorized message. Similarly for M2U online.
zaurus
post Nov 16 2009, 10:51 PM

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QUOTE(yusiang @ Nov 16 2009, 06:38 PM)
I just found out that maybank2u support online cash withdrawal from trading a/c and used that feature to transfer my $ out instead. Thanks anyway.
I cancelled a 30K*0.45 queued sell-order on a day earlier and it said 'unconfirmed, call broker' something blah blah so I tot it is already cancelled lah. On the next day, when I tried to sell the same stock@0.55, I found that the previous sell order was already matched. Yes, you can say it is my fault for not following the instruction to call the broker...sigh, forget it.
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i feel you ... i had experienced losses this way couple of times .. had switched to RHBInvest now .. eyeing TA Online platform too .. was informed they have an automated order system ... smile.gif

I don't see any value trading via MaybankInvest at all ...
yusiang
post Nov 16 2009, 11:13 PM

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QUOTE(opteng @ Nov 16 2009, 07:24 PM)
it means you are earning 3k lesser.. not really losing 3k
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Forgot to tell that my average buying price was ~0.60...


Added on November 16, 2009, 11:21 pm
QUOTE(whizzer @ Nov 16 2009, 10:01 PM)
Ya. Please share how you did it ? It shows the balance of the Cash Stock a/c in my ATM screen, however, when I want to transfer or withdraw, it always give the no authorized message. Similarly for M2U online.
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You can't use ATM/normal transfer for this. Login to online stocks, the 'other services->cash collateral withdrawal' option is on the top navigation bar, then choose 'new request'.

This post has been edited by yusiang: Nov 17 2009, 10:08 AM
whizzer
post Nov 17 2009, 12:01 AM

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QUOTE(yusiang @ Nov 16 2009, 11:13 PM)
Forgot to tell that my average buying price was ~0.60...


Added on November 16, 2009, 11:21 pm
You can't use ATM/normal transfer for this. Login to online stocks, the 'cash withdrawal' option is on the top navigation bar, then choose 'new request'.
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Thanks. rclxms.gif
Didnt see this here last week. Is it the Cash Collateral Withdrawal ?
Will give it a try tomorrow. I just realized that I have never withdraw a single cent since I open this account last year. tongue.gif


Added on November 18, 2009, 11:01 amAny one got problem with Maybank2u today ? When try to log in it gives me message as below.

"We are conducting a scheduled maintenance of our systems to provide you with better services. During this time you will not be able to login to access Online Stocks. Please come back again later."

Should not be scheduling maintenance during peak hours..... How to do do business like this ?

This post has been edited by whizzer: Nov 18 2009, 11:01 AM
tykoh
post Nov 19 2009, 03:29 PM

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QUOTE(Eden @ Nov 9 2009, 01:07 PM)
i am just register for maybank online trading, but the CDS account is nominee type thus cannot apply IPO, anyone know whic trading broker using direct CDS account?
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i only know this just now.... i called to ask about my successful IPO.... they said M2U online stock CDS account is nominee one.... so cannot use for IPO....
cry.gif feel so sad as lost the chance to earn few hundred bucks....
! Love Money
post Nov 19 2009, 09:01 PM

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yeah rclxms.gif opened a trading acc with maybank... but the platform is a bit confuse compared with OSK rclxub.gif
and if i use the stock tracker it will always hang... dun know y wink.gif anyone same?

QUOTE(whizzer @ Nov 17 2009, 12:01 AM)
Thanks.  rclxms.gif
Didnt see this here last week. Is it the Cash Collateral Withdrawal ?
Will give it a try tomorrow. I just realized that I have never withdraw a single cent since I open this account last year.  tongue.gif


Added on November 18, 2009, 11:01 amAny one got problem with Maybank2u today ? When try to log in it gives me message as below.

"We are conducting a scheduled maintenance of our systems to provide you with better services. During this time you will not be able to login to access Online Stocks. Please come back again later."

Should not be scheduling maintenance during peak hours..... How to do do business like this ?
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i have no problem... but heard they frequent down due to heavy traffic shakehead.gif
nickom
post Nov 20 2009, 12:11 AM

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I have a question here, if your IPO purchase is successful and your CDS account is nominee one, what will happen to the shares purchased?? Will the application be canceled and money refunded? Thanks.

QUOTE(tykoh @ Nov 19 2009, 03:29 PM)
i only know this just now.... i called to ask about my successful IPO.... they said M2U online stock CDS account is nominee one.... so cannot use for IPO....
cry.gif  feel so sad as lost the chance to earn few hundred bucks....
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yusiang
post Nov 20 2009, 12:54 AM

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QUOTE(nickom @ Nov 20 2009, 12:11 AM)
I have a question here, if your IPO purchase is successful and your CDS account is nominee one, what will happen to the shares purchased??  Will the application be canceled and money refunded?  Thanks.
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The money is already transferred to MIH so basically maybank doesn't hold your $ anymore. You need to wait for the cheque from MIH, it will take 1-2 weeks. If you don't get the cheque by Dec-2, give them a call(actually now you also can call them if u want lah).

QUOTE(tykoh @ Nov 19 2009, 03:29 PM)
i only know this just now.... i called to ask about my successful IPO.... they said M2U online stock CDS account is nominee one.... so cannot use for IPO....
cry.gif  feel so sad as lost the chance to earn few hundred bucks....
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I believe that we are not the only "victims" of maybank in this maxis IPO. Why maybank write the CDS account number in the "CDS Direct Account" field in all their letters sent to me? Somemore their system automatically set the nominee CDS account number in our eShare profile maintainance page. If based on the 1st day closing price @ 5.42, I rugi rm6k lah vmad.gif
tykoh
post Nov 20 2009, 08:15 AM

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QUOTE(yusiang @ Nov 20 2009, 12:54 AM)
The money is already transferred to MIH so basically maybank doesn't hold your $ anymore. You need to wait for the cheque from MIH, it will take 1-2 weeks. If you don't get the cheque by Dec-2, give them a call(actually now you also can call them if u want lah).
I believe that we are not the only "victims" of maybank in this maxis IPO. Why maybank write the CDS account number in the "CDS Direct Account" field in all their letters sent to me? Somemore their system automatically set the nominee CDS account number in our eShare profile maintainance page. If based on the 1st day closing price @ 5.42, I rugi rm6k lah vmad.gif
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hai.... when open account i didnt hear this from the ppl.... now already 'kena'....
they told me the money will be refunded.... probably next week wo... dam... cry.gif
buyou12
post Nov 20 2009, 10:14 AM

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REcently i had the chance to use my Maybank share trading account.

First of all I find the experience adequate. I placed my order for a stock but couldn't get a match it was then i tried to cancel the order and increase my price which only then my orders were matched. The money was deducted under T+3 and I held it there.

I also experience problem accessing the trading site where I can view, buy or sell my shares. Hence to over come this problem, I called the branch who opened my account, remembering that I might be able to give oral instructions.

So in fact you can do so. The only difference is that the charges are different, being 0.3 over the internet and 0.6% over the phone.

Today i sold my shares over the phone and within 5 mins, it was confirmed.

So I won't say its lousy but if u call the branch itself its alright. 0.6% is the same as some remisers out there so I am happy with it.

I just paid tuition fees to the god of Share Market...I hope its money well spent....
nickom
post Nov 20 2009, 11:23 AM

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Totally understand how u feel. Same case here. I do know that the account is nominee but didn't read the doc properly so don't know cannot be used for IPO rclxub.gif

Thanks for the info. You're more helpful than the customer care line guy.

QUOTE(yusiang @ Nov 20 2009, 12:54 AM)
The money is already transferred to MIH so basically maybank doesn't hold your $ anymore. You need to wait for the cheque from MIH, it will take 1-2 weeks. If you don't get the cheque by Dec-2, give them a call(actually now you also can call them if u want lah).

I believe that we are not the only "victims" of maybank in this maxis IPO. Why maybank write the CDS account number in the "CDS Direct Account" field in all their letters sent to me? Somemore their system automatically set the nominee CDS account number in our eShare profile maintainance page. If based on the 1st day closing price @ 5.42, I rugi rm6k lah vmad.gif
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buyou12
post Nov 20 2009, 11:25 AM

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Actually when i opened the account, they already explained to me that it can't be used for IPO....didn't they explain that to u guys?
stargate8
post Nov 21 2009, 05:52 PM

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anyone use RHB for online share trading? what are the charges and fees?
winsun
post Dec 17 2009, 01:26 PM

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RHB is charging 0.42% and min RM28

guanteik
post Jan 9 2010, 04:16 PM

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QUOTE(mmusang @ Nov 9 2009, 02:07 PM)
here is  softcopy of the form.
can someone upload it to shared location?
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Hi, thank you for your information.
Currently I have been with Maybank Shares Trading for around 1 year but I have not traded any shares using this facility. All the while I use a remiser. I have a question, let's say if I want to sell the shares I bought with Maybank Online, how can I withdraw the cash? Previously it can be done by using a manual form, but now they have automated it.
Is this the correct way to get the cash from shares?


Added on January 9, 2010, 5:41 pmHi, I just found out this can be done using Cash Withdrawal. Thank you.

This post has been edited by guanteik: Jan 9 2010, 05:41 PM
ahming888
post Jan 13 2010, 09:51 PM

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i open a Maybank online stock Cash account, just because it is 0.1% brokerage rate. Today receive the contract note(buy) and find out that brokerage rate still 0.42% for my recent transaction. Is it anything wrong? Or because i sell the share before payment done?
chowv8
post Jan 13 2010, 10:33 PM

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QUOTE(ahming888 @ Jan 13 2010, 09:51 PM)
i open a Maybank online stock Cash account, just because it is 0.1% brokerage rate.  Today receive the contract note(buy) and find out that brokerage rate still 0.42% for my recent transaction. Is it anything wrong? Or because i sell the share before payment done?
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They will rebate difference, need to monitor and follow up


ahming888
post Jan 13 2010, 10:40 PM

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QUOTE(chowv8 @ Jan 13 2010, 10:33 PM)
They will rebate difference, need to monitor and follow up
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Thanks for the reply. notworthy.gif

Then i wait for my SELL contract note with the rebate. Will see how is it going on..

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