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 Trading stock via maybank2u, let discuss

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post Jan 18 2007, 08:34 PM

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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
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post Jan 19 2007, 03:42 AM

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CIMB trading account is free..
Brokerage fee is 0.7%?
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post Jan 19 2007, 01:09 PM

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QUOTE(sotong168 @ Jan 19 2007, 07:51 AM)
if i'm not mistaken is 0.4%, u save 0.3% frm conventional remiser
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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
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post Jan 19 2007, 09:51 PM

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QUOTE(hahaha85 @ Jan 19 2007, 08:45 PM)
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?
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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

 

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