That’s weird. You have multiple trading account under your MaybankTrade? Check whether you are viewing the right portfolio (i.e account SP12345)

Is it just me, or there is some bug? cant seem to access to maybanktrade on website browser

Not sure if anyone have bought any ETFs via Maybank2u global trading platform?

I would like to buy QQQ and ARKK, will there by any annual fees for managing the active ETFs?

You can open one by searching up for Maybank Equity Investment Centre (EIC), remember to call up for appointment first (not all maybank branch has this counter).

Not Maybank Investment Bank ya, you wan Cash Direct CDS with fee around 0.10% per transaction

I don't really know the details to be honest, but i've traded with both.

Both worked rather similarly.

1. For fund transfer,
MBB IB - I need to transfer to Maybank IB account and inform my remisier to reload my trading limit
MBB EIC - Just transfer to the Current account and immediately appear on my trading acc - can buy straight away

2. For brokerage fee,
MBB IB - RM 28 or 0.42%, whichever higher.
MBB EIC - RM 8 or 0.10%, whichever higher.

Since I'm solely an investor with very low transaction frequency, I can't really tell the difference apart from the points mentioned above.

I did not explore any other features - margin/leverage, contra etc., I'm solely upfront cash trading.

Best to ask your remisier on what's the difference - I believe yours are MBB IB with RM 28/0.42%. Curious to know whats the diff too, cheers!

Do you mind elaborate your question? From which account do you mean?

If you mean from any other bank's nominee/direct, then yes, just contact your new broker and they can facilitate the transfer with your previous bank's broker.

If it is Maybank to Maybank, note that any 1 individual can only have 1 Direct CDS opened with Maybank (regardless of MBB IB or MBB EIC) at the same time. Otherwise, you can have both Nominee and Direct CDS account opened with Maybank. I'm currently holding these 2, but I only use the Direct CDS.

Yes you can, provided that it is not the same type of CDS (i.e. Direct and Direct).

Note that any 1 individual can only have 1 Direct CDS opened with Maybank (regardless of MBB IB or MBB EIC) at the same time. Otherwise, you can have both Nominee and Direct CDS account opened with Maybank. I'm currently holding these 2, but I only use the Direct CDS.

No worries tho. Been there, made the same mistake. Just spread the word for any future forumers or your friends haha

1. Open the New Direct CDS with New Broker
2. Once done, tell your new broker to provide you the information for share transfer from your Old Nominee CDS
3. Approach your Old Broker to request for transfer, sign up a few forms, pay RM10/company share if not mistaken, and the rest will be dealt by your Old Broker.
4. Wait and should be done within 1-2 working days.

Alternatively (depending on broker), if you opened your New Direct CDS, ask your New Broker speak with your Old Broker to facilitate the transfer for you, without you doing anything except paying the RM10/stock fee.

Hope this helps.

This post has been edited by Ziet Inv: Oct 2 2020, 09:59 AM

i believe you still need to make an appointment to sign up forms with your broker.

best to call maybank equity investment centre (EIC) to clarify

Yours is the RM 8/0.10% or RM 24/0.42% brokerage account?

You can call your broker to ask for update

Sorry did not see your reply since I'm not tagged.

I guess yggdrasil answered your question already.

It depends whether its
1. Maybank Investment Bank
or
2. Maybank (Equity Investment Branch)

Yours is 1., hence the RM 28 or 0.42% fee.

The only way to reduce the fee is to:
1. Trade frequently, in high amount
2. Refer to 1., then apply with your remisier

Since you are not frequent trader (like me, invest like once a month), then i strongly suggest you to terminate the account and reapply at Maybank (EIC).

I been through that, and thank lord the RM 10 (or 12) minimum is a savior.

Never looked back!

Hope this helps you, or anyone else reading this in the future.

Cheers

Wow it takes 7 - 8 weeks now?

That just speaks volume of the amount of new accounts being opened in this season haha!

Mine took about 3 weeks back in November last year hehe

Anyone have issue logging onto the desktop web portal?

Kept receiving error on "Duplicate Login Detected"