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 Trading stock via maybank2u, let discuss

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p4n6
post Jan 9 2012, 05:30 PM

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I would like to know what's the online trading brokerage fee + stamping fee?

I purchase 2000 units of a share of RM 0.375 and MBB charges me RM779.23.

So I assume the brokerage fee + stamping charge is RM29.23 which is around 3.89%.

It's the same cost as calling my broker over the phone.

Please advise if you have the same problem.
p4n6
post Jan 11 2012, 07:21 PM

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QUOTE(gark @ Jan 9 2012, 06:43 PM)
You are buying too little volume, that is why you kena minimum charge.

For your case RM 0.23 is from clearing fees and RM 1 is stamp duty... which leaves RM 28 as your minimum charge.  sweat.gif

Buy more or negotiate for lower minimum charge for a lower cost %. For more details look at Q&A thread for the exact calculations.
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Yea. Got the same feedback from my broker.
But I think I will switch to APEX, they are charging minimum of RM12. Suitable for small player like me ...
p4n6
post Jan 15 2012, 10:48 PM

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QUOTE(stockerzzz @ Jan 13 2012, 11:36 AM)
u sure about that? coz trading online will not charge so much. now they got promotion of min RM8 broker fee. even if no promotion also RM12 broker fee per transaction. u have to check with Maybank and ask what are the fee charges. make sure u know what they charge for each transaction. sometimes may due to error.
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Thanks understand now.
I'm planning to switch to other broker firm that offers lower brokerage fee at minimum at RM12.
p4n6
post Feb 11 2012, 12:31 PM

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QUOTE(fuzzy @ Feb 10 2012, 04:07 PM)
Go open a trading account with Maybank Share Investment Centre and not Maybank Investment Bank to get that RM8/RM12 instead of RM28.

I believe you opened a 'wrong' account.
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What's the main difference?
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