hi guys,

i just realized that maybank2u is providing stock trading .. im interested in it but i have no idea hows da things going on .. what should i know before i involve in this businesS?

let share your experience by trading via maybank2u ...

it is not a normal trading account

the one offer in maybank2u is indeed a SHARE MARGIN account, it is dangerous if you do not have proper discipline and game plan as the MARGIN account provide facilities for you to buy shares. Similar like borrow LOANSHARK $$ to invest in KLSE.

if want invest KLSE just open account in any securities company (i.e TA, OSK...) It only cost RM10/= for registration a CDS account

i noticed m2u has this SHARE MARGIN account too.
can m2u just be a normal KLSE account?

i'd just like to monitor shares and use my own m2u money to invest.

its a online trading account. quite convenient! however, there will be no remisier appointed to you, have to trade on ur own feel

What is share margin account? It's that if I dont have enough credit in my account I am still able to buy the share but loan it from the bank? Correct?

What do u mean by trade on yourself? Means sell and buy I have to do it online right? Anyway, if i open my cd account at osk but I am using maybank account to trade...Am I able to buy using maybank account but sell by telling my osk remisier?


Thanks

It is like you put RM 100,000 into the Margin account, the bank will prodive you the total available fund RM 200,000 for investment purposes. Means the bank will provide additional RM 100,000.

Scenario 1--- You only use your own RM 100,000 to invest and dont touch the margin facility from Maybank, then it just act as a normal CDS account.

Scenario 2---You fully make use of the RM200,000 to invest (Including the additional RM 100,000). Then the bank will charge a 5~10% interest on the RM 100,000.

Anyone know is it same for the cimb account if compared to the maybank account?

yup, everything done online, ie. key in how many units wanna buy @ certain price. no remisier involved.

not sure bout cd at osk but trade via other party.

You place the order and it goes to the dealers who do the transactions; its not direct to market so there is a bit of delay in terms of execution. This can be a problem with really volatile counters as sometimes orders only partially matched or not at all.

Share margin financing for CIMB allows you 2x the cash you pledge or 2.5x the shares. Even then it depends on what counter. For larger lines, customer would have to specify if margin is used for single counter or basket of counters; blue-chip or otherwise as this affects the terms and subsequently the limit. Usually there is a quantity or price limit for counters which is supplied to customer.

interest kicks in at T+5 and interest rate iirc is BLR + 0.75

Any Maybank2u online trading account user here? Please share your experience here, got any issue you're facing, or any benefit with this trading account? I just open an online trading account in Maybank2u but havn't started to trade. It seemed like we must open a Premier1 account, which will charge us RM5 monthly.

Wah maybank account will need us to pay RM5 monthly is it? Then how about cimb account? Is it meant no more remisier charges/ commission for online trading?

the benefit from maybank2u share margin account is that you no need to pay for the 1.5% commission for the remisier. (not so sure, the last time i buy anything through maybank2u is 3 years ago)

can i use other maybank current account instead of premier 1?

the former i-account (mayban current acc.) has renamed to Premier. The charges is RM 20 annually, not Rm5 per month.

CIMB trading account is free..
Brokerage fee is 0.7%?

Do you meant that you need to pay annual fee for a current account? This RM 20 annual fee is for what?

if i'm not mistaken is 0.4%, u save 0.3% frm conventional remiser

now their latest beta stock trading website demo looks quite impressive, with all the graphing and things.

but do remember if you are using maybank2u nominee account, you cannot apply IPO shares. If you need to apply IPO you need to open another account with maybank security (can't remember the name correctly)

yeah.. i used to use maybank2u to buy/sell shares... but due to bz schedule.. i haven't use it for 1 year.. now wat was my password again...

i already change the password for u and trade under your account.

Could anyone please list down the pro and con of maybank vs cimb account? Another thing is trading online and via call to remisier.. Thanks...

i don't think so.. Cause i pay 0.42% under staff account so it cant be cheaper or equivalent

pretty sure its 0.7 unless over 100k then its open to nego

share margin facilities in maybank2u.com is not automatically activated, therefore whoever use the maybank online to do their trading do not have to worry about it.

NaMyzarC,

You're using Maybank online trading account? Is the Premier 1 account neccessary? I found this account charge me RM5 monthly.

Quote from Maybank2u website:
http://www.maybank2u.com.my/maybank_group/..._premier1.shtml
No Nominal Fee
No hidden cost, No auto-transfer fee. With Maybank Premier 1, only a nominal monthly fee of RM5.00 in exchange for all the value-added benefits that are extended exclusively to all Maybank Premier 1 Accountholders.

Maybank2u
-sucks, sometimes it can't load properly

CIMB
-better, commission charge is 0.42%, discuss with your broker, if RM100,000 above they charge u 0.1%, and if u a heavy trader then u also might get a lower commission charge

now using CIMB, their graph not so details but it did offer a solution than nothing, if u really want analyze the stocks, better use like metastock

The account you applied is i-trading cimb right? Could you elaborate more on it? I have browse thru the web but not useful info...Is it just Rm10 charge for the cds account? Do it have monthly charges or annually? Thanks

So the trading in cimb can done wif remisier and online right? Both ways?

for cimb, no monthLy or even yearly charges. The 10 bucks is for CDS with Bursa. You will be assigned someone unless you already knoW one of their remisers

New Features in Maybank2u:



This post has been edited by David83: Jan 21 2007, 12:31 PM

Can someone tell me the different brokerage fees? Also, with so many online trading options, why are most prone to just using between CIMB/Maybank? Is there a specific reason?

Have anyone try the online trading service from Hong Leong Bank ?

Well, does these online trading platform provides you any research report from the investment firm for example ?

Thank you.

In Maybank2u, sometimes the stock "report" doesn't get updated after 2 day. Happen to me before.

If using Maybank2u Online Stock, wat is the trading charge ?

speedguy10,
I was told its brokerage fee is 0.45%

Thanks for ur info.

But i found that , after i logged into Maybank2u, there are several type of accounts to choose. Found that some account require to fill in income statement, but i m still undergraduate



If mine just normal saving account, wat kind of account i should apply/activated?

Editted: typo

This post has been edited by speedguy10: Feb 26 2007, 03:49 PM

speedyguy10,
I believe you need to have a current/Premier1 Account to link to your CDS account.

Best is to contact Maybank directly to get more detailed information from them.

Premier1 acc, rm20 charged for CDS and premier1 acc, but aiyo, for me osk is better la, dont mind paying rm120 for 6 mths for crucial news and alert for 10k above trade.



This post has been edited by rewlie: Feb 27 2007, 03:54 AM

there is someone in this forum who made an ebook on how to stock trading via M2u :-

http://www.wangcyber.com/forum/showthread.php?t=2081

I know, this thread 'ended' long time ago, so let me refresh this one again?

Anyone still active using maybank2u? To trade online? Just wanna ask 1 question. Is there anyone know what cause this problem?



"Unable to detect dealer" on my status when i try to buy some stock.

I asked the customer service, they said that remiser need to do something on their systems to enable trading through online. But when i call the remiser, he said that the system cannot be done. Or blablabla. I dont knwo if he try make his voice unclear or what. Something fishy...

But i'm pissed off. Already put 5k trust to trade online.

FYI, when using maybank online stock, they charge brokerage rate only (0.7%*(70%)) or minimum rm28. If using remiser, still charge 0.7% or minimum rm40. No monthly charge what so ever. Open premiere 1 only cost you a few hundred ringgit. But still can withdraw your money again after you get atm card.

So anyone experienced it? Any comment or suggestion. BTW, maybank2u online the online stock that okay in my office. Other than that, slower than m2u... Tq

oh yeah, How to check my balance in my trust Acc, IF I DONT want to contact my remiser?

anyone have any idea how to i fix this problem, it refuse to load, keep asking me to download the file download.aspx

http://img501.imageshack.us/my.php?image=31647060nb2.jpg

Which one should I click on the tab so that I can check my Trust acc balance ?

This post has been edited by cutegurl: Apr 24 2008, 12:00 PM

the maybank2u account is under nominee, I'm worried... what disadvantage is shares held under nominee as compared with the direct (your name) account?

Hi Pure Geek, actually whats th edifferent ? Do i need to pay annual fees or something ? & with this type of acc...i cant view my trust acc balance?

u cannot buy maybank shares ;-)

Hahaha... finally, i went to aseambankers. They said, some remiser 'have a problem' with their online system. So they dont open their terminal for online trading. So you CANT save more on your brokerage because you need to call them to buy or sell stocks. 0.7% compare to 0.49% i think...

I went there, change to another remiser who love and willing to help customer to do online stock.


Sengkiat, i think you can try their demo in maybank2u.
I guess so... But my friend open CDS and trading account today. RM10 for CDS. Using saving account. Settle in less than 1 week. I think you can call their customer service.
Go to aseam.com.my.

But please, learn before you fall. Noob like me, have lost nearly 1k before. But that time i donno anything about candlestick, RSI, MACD etc etc... Just pick and buy. Then sell. And that time... im not using online yet...

Im not sure about IE 7 . But win xp with IE 6.5 got no problem. running smooth. Maybe security setting in IE7 maybe...


Cutegurl, as far as i know, we can't check our balance in there. But i think about 2/3 days ago, maybank launch new features. You can check your transaction in you normal maybank2u. Try to look at Online banking > Account summary > (look for) View Latest Statement Summary > Then find the Aseambankers statement. If you use other than aseambanker i don't know lah. But mine... Not statement yet for this month. But i can download last receipt by using PDF file...

i see, thanks.

can someone share experience on all the fees and charges when using the online stock trading?...

ok i start first
1) RM 2.50 fee for every dividend received

---

Added on April 25, 2008, 12:31 amand also by the way, the shares held under nominee, has beneficiary named under the agent/bank, in this case is maybank, that means they have the rights over your shares? is it?

This post has been edited by PureGeek: Apr 25 2008, 12:31 AM

Thanks !! muak !

But but ...this is annoying...I have to call everytime to check my balance?

and the statement thingy....do we need to pay for that features? and should I click agree the agreement or not ?

Anyone having problem with win Vista ?

IE will crash when we close the maybank online stock tab.

A while ago... I am still trading and investing in KLSE...
Fed up with the low volume, low liquidity, bad patterns..

I learned trading and investing in US market.

For investment purposes : Buy good stocks like Visa and ETF or Long 2 years Options.

For Trading : stocks, options, forex, etf, so many...

Here are some good resources for you to read if you not yet ready to pick a course and learn.

http://investmentaction.blogspot.com/2008/...nd-website.html

i am using apex-trading. Commision rate is 0.42 for <100k and 0.21 for >100k. Adn you can earn back your commission somemore. PM me or email me mayat6@hotmail.com if you interest on that. Thank you.

Exactly the same prob here

I went to Maybank share invest centre yesterday and asked a few questions:

1) need to open 2 accounts, one CDS and one trading

2) accounts have no monthly fee, but will be deactivated if left dormant for 3 months, but can always reactivate

3) fees are... if we buy online ourselves its 0.4% and if we call in it's 0.7%

Now, i have a question.. is it true that with the trading acc we open with Maybank, we can't buy IPO?? what is a nominee account?

This post has been edited by rarahim: May 15 2008, 10:41 AM

I'm also get the same problem.

as i know.. we can buy the ipo.. bcoz i m using maybank2u online SE ..

Hi guys, I've just been using the Maybank online share trading. Yeah, just like a few users said it before, the update is kinda slow, maybe coz there are many users using it. Apart from that, I think it's cool. For you who are using the Maybank stock facility, come and share it here! And for you who wanna know anything about it, can just ask here..

I'm interested on Maybank stock facility. Mind if I know how do you apply it? and any fees involved? thanks

I don't like Maybank's online facility. It's the same as Alliance's.

They use ActiveX. So no support for Firefox. Very bad..

Erm.. I m using HL e-broking, i cant use firefox to open it either.

still can.....if u install ie plugin for firefox...eg. ie tab..

May I know how to apply? Can it be done thru internet?

problem is ... i dun even know what share is about ... so cannot play around with it.

Guys, to apply for the Maybank online facility is very easy. Just go to the nearest Maybank investment centre, and apply from there. 1st, they'll charge only rm20 for the application to open the account. Wait 1 week, and your account will be opened.

After that, u hv to link ur trading account to your savings account. (so that easier for u to transfer from ur maybank account to ur trading account).

The process is very simple..

What is the difference with fire fox and active X? Is it the same but different software ?



Can somebody tell me!

It's 2 different things actually. Firefox is an internet browser such as internet explorer while active X is like a plug-ins. A software that is needed in order for the internet browser to perform such actions or contents.

isnt diff with apply via online? coz there have both choices to let user choose, one is Maybankinvest & another 1 is aseambankers malaysia berhad. Any diff? which 1 is more better?

If not mistaken, Aseambankers account is registered under Maybank one. You cannot apply for IPO through this account. Maybankinvest account can apply for IPO.

sorry, noob here. may i know what is IPO? any diff for have IPO & not IPO?
thanks

Initial Public Offering. For soon to be listed company to offer share to the public.

Maybank online trading is good but if compare i think HLB online trading will be better. more function.

The best is still CIMB

Hey, i Cant access into Maybank2u share trading.... System busy? Early morning already busy? Busy at pasar pagi beli sayur kah?
So bad, I want to sell my share, and cancel my queue....
Poor system and poor maintenance team for the system.

LOL..i faced this problems also last time....when too many transaction in that period will hang....

Hi..
I am a new to maybank online trading.. just start to trade using this for the past 2 weeks.

After all my buying & selling activities..i now wish to transfer the excess fund/profit which i made from that PM1 account (account for trading) to my personal saving/current accs. But the system prompt me that 'Account Not Authorized'.. any body can help me? why i cant transfer my own money/profit made out from that PM1 account?

Thank you.

You need to fax in a form to withdraw the fund back to your savings/current acc. That's what I do when I trade through aseambankers.

ya money cannot just transfer from your trading a/c. you have to fill in a withdraw form then fax to the maybank securities then the will do the rest.

ic.. anyway thank u very much kons & dragony..

This post has been edited by alisa: Aug 4 2008, 02:04 PM

no prob dude...i face this problem also last time..

hi. actually aseambankers account allow you to have a direct account. if you open with Maybankinvest then you will be using a Nominees account. When you open aseambankers' account, a remisier will be assigned to you.

i am sure that the fee charges will be higher if u take remisier.

alisa,

wow.. already profiting...?
it's easy.. just pre-sign a form and leave it with the person/remisier handling yr ac.
or like they suggest, get a few copies of the fund transfer form. then fill one, sign and fax to the remisier handling yr ac.

cheers..

Yes, for sure. Only online trading allows you to get cheaper price cos it's DIY. But I think for beginners it should be good if they have a remisier to guide them. Only thing is, must make sure your remisier is really good.

PRICES INCREASING? COSTS RISING? BUT OUR RATES ARE GOING DOWN….

Increase your opportunity for higher returns in Stock Market Investments. Choose from our Share Margin Financing attractive packages with rates as low as BLR – 2.00 %.

What’s more…

Refinancing / Redemption accepted
Minimum facility of RM50,000
Choice of trading via Conventional or Islamic Share Margin Financing.
For more information, contact us at 1-300-88-6688 or visit our nearest Maybank Share Investment Centres for more details.

URL: http://www.maybank2u.com.my/highlights/Sto...nts/index.shtml

Wow, that sounds totally good..

what is the terms and condition and also requirement?

Hi all,

I need some expert advice here...

I just submitted an online application form together with RM20 (credited from my account) to open an online share trading account. If i am not wrong it is a CDS account (not too sure).

Meaning, with this account approved in 1 weeks time, i will be able to do online share transaction?

thanks

---

Added on September 26, 2008, 4:04 pmHi can anyone help me here?

Thanks

---

Added on October 6, 2008, 12:27 pmDoes anyone know how i can activate my account? It has been nearly 2 weeks but no reply yet from Maybank re the RM20 that i paid for a CDS acccount.

Thakns

This post has been edited by hsiengloong: Oct 6 2008, 12:27 PM

anyone here experience any hidden charges/fees yet? like the fees when annual report is sent or dividends received?

What I DON'T LIKE about maybank2u...

- interface not very friendly and now they have irritating pop-ups to tell you your settlement date is today.

- constant time-outs when I'm sure most people would want to leave the live prices streaming the whole day.

- frequently shows "System Busy" when you want to make transactions like checking your portfolio.

- after trading hours, always "System Down For Maintenance" which means you can do research or read the reports on weekends, etc.

- easy to put money in to buy stocks but difficult to withdraw after selling. You need to make phone call and sometimes it takes more than a day because needs approval, e.g. once when I wanted to take out RM50k.

Hi hsiengloong.

If not mistaken after you submit the online application and the money, you need to go to maybank's SIC(Share Investment Centre) to activate your account.

However, Maybank should contact you and ask you to go there. If you still haven get any call from Maybak then I suggest you try to call Maybank and ask.

Btw, one of the SIC I know is Maybank at Pudu.

Thanks Funkiejunk store... Nope, i have not got a call from Maybank at the moment. Makes me wonder what is taking them so long.

Anyway, is there any branch (other than pudu) nearby sunway area?

thanks

Sorry i'm not sure cos the one i deal with is at pudu. Mayb you try to call maybank and ask them.

They should call you within one to two weeks. How long have you submit your application?

---

Added on October 6, 2008, 6:33 pmHere's the link: http://www.maybank2u.com.my/consumer/onlin...s/siclist.shtml
You can check the nearest branch to u

This post has been edited by funkiejunkstore: Oct 6 2008, 06:33 PM

I seen this problem quie often, i seldom login to maybank stock anymore

You can try OSK online trading services. It is quite a good platform with many additional functions. no harm trying more alternative, all you need to do is just rm 10 to opened a trading account with OSK, and you can get access to various info such as realtime market quote, charts, online trading, etc. you are welcome to contact me for inquiries of procedures and etc. my contact no is 0162677903, MSN : boonhan_choo@hotmail.com, email:boonhan_choo@hotmail.com

This post has been edited by boonhan_choo: Feb 10 2009, 08:53 PM

I hate to put down a service over another, but people registering with Maybank are experiencing much more problems than other brokers online interface. I wonder why do people still register with Maybank. Is it because of convenience?

Most of the time it's because they have an account in maybank ...

---

Added on October 8, 2008, 10:09 amAnyway, since last night until now, m2u online stock is inaccessible because of 'supposedly' scheduled maintenance

This post has been edited by zephyryu: Oct 8 2008, 10:09 AM

I really suggest you Maybank users to apply for a secondary broker somewhere else. Since Maybank is a online systems only without any broker assistance to sell or buy. Comes a time in these volatile markets when you want to escape the sell-off but is stuck due to Maybanks inability to provide you with a lag-free service or an service whatsoever.

Apply for a broking house with actual brokers you can call. I believe most brokers can receive online deposits to your accounts from major banks in Malaysia anyway. So I don't see how any other broker is different from Maybank in that department.

Most brokers allow you to trade online. Even if the online interface is down for whatever reason, at least you call up your broker and tell them to sell or buy whatever you want.

Today market is a good example of a market falling but Maybank service is down. Is there anyway you can reach anyone in Maybank to sell your stocks if the market is really crashing for good?

Do Maybank Online trading provide singapore stock & hk stock for trading?

Thanks guys for your info!!!

Looks like i rather forfeit my RM20 than get stuck with maybank...

anyone using the trading account receive a colored 3 pages of bank statement/summary monthly? do they charge that?