just activated my M2U account, really newbie about this and wish to ask: this is direct account or nominee account? anyone know?


Account Summary

Client Name : MR.ABC my name
Trading Account No. : xxxxxxSCxxxxxx CIF : xxxxxxxx
CDS A/C No. : xxxxxxxxxxxxxxx SIC Code : xxxxx
CDS Beneficial Owner : xxxxxxxxx - Mr.ABC Account Open Date : 04/09/2013
Trading Region Code : xxx
Broker Code : xxx
Product Type : Z001 - Non-Margin Tempatan
A/C Status : Activated for Trading
Account Type : Normal Trading
Status : Active for Trade
Transactional A/C 1 : xxxxxxxxxx Nominees Code : MNT
Transactional A/C 2 :
Transactional A/C 3 :

Account Position
Actual Committed
Stock Facility : 0.00 0.00
O/S Balance : 0.00 0.00
FMR % : 0.00 0.00
Shares : 0.00 0.00
FD Value : 0.00
Unit Trust : 0.00
Property : 0.00
Trading Balance : 0.00 Cash / Margin Balance : 0.00
Approved Trading Limit : 250,000.00 Cash Balance : 0.00
Month to Date Turnover : 0.00 Year to Date Turnover : 0.00
Available Facility : 0.00

no.....unable to log in, then my account should consider nominee acc.

as per "share executive" told me, this acc. is under their promotion >>> trading via m2u at 0.1% where minimum will be rm8.00 for any amount traded.
*promotion already being extended until further notice. once the promotion ends, will be charged as per following table shown.

actual brokerage fee without above promotion
trade<rm100k - 0.42%(online) - 0.60% (call in)
trade>rm100k - 0.21%(online) - 0.30% (call in)
minimum - rm12 (online) - rm40 (call in)

they apply 2 acc. - premier1 trading acc. for you, one is cash acc. and anther one is contra acc.( sound's good )

other info. are similar previous forumers told, like no ipo apply, can buy their share at acc.1 and acc.2 with condition apply like no ipo, pn14& pn4 & their share are no allowed, their hold 10% share...

total fees involved - brokerage fee as per above shown for acc.1 or 2, stamp duty 1.00 for every 1000.00 traded, clearing fee 0.03% on amount invested.

there is nothing FREE in this world
rm20 for 2 premier1 acc. application. that exec. proposed 2 acc. then just follow, and she said no maintenance charges.
but i like their live quote, impressive.

free register@Invest Malaysia 201x, very good event for newbie.
but i missed it.