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Trading stock via maybank2u, let discuss
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DeniseLau
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 Dec 20 2018, 04:31 PM
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Guys - I am a first time Maybank2u Online Stock Trading (OST) user - I have a Maybank current account that's linked to the trading account which allows me to buy as many stocks as the moeny I put inside the current account can buy.
Yesterday I parked an order and this morning when I looked at the Order Status, it says "All Matched". Does this mean that I own the stocks already?
Then when I logged in to M2U and looked at the current account, I see that my money is still there, not deducted yet. So I'm wondering if there's something that I need to do to complete the purchase?
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DeniseLau
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Dec 20 2018, 05:48 PM
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QUOTE(tippman @ Dec 20 2018, 05:25 PM) The money will deduct on T+3. Yes all matched that mean your order is fully executed. Aha! I see - thank you! 🙇♂️ |
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DeniseLau
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Dec 25 2018, 03:41 PM
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QUOTE(JayCkat @ Dec 20 2018, 11:57 PM) And you can sell it too. Don't need to wait for the money to be deducted from your account. You own the shares the moment your order is matched. Just make sure you know what kind of account you have. Do you have a cash only account or a margin account. Cash only means you can buy only as much as you have cash in your account Margin means, you can buy more than you have cash in your account. Bank lend you money at an interest rate. Buying shares on margin means you have limited to no ability to hold your shares until a better time to sell. Thank you, I have a cash only account. Too scared to get the margin account  |
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