Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Trading stock via maybank2u, let discuss

views
     
sushi7
post Jun 2 2014, 11:42 AM

Getting Started
**
Junior Member
151 posts

Joined: May 2010
How to apply cash account? Do I need to have a current account with it?
sushi7
post Jun 2 2014, 01:32 PM

Getting Started
**
Junior Member
151 posts

Joined: May 2010
QUOTE(felixmask @ Jun 2 2014, 01:05 PM)
You dont need to hv current account.

You go to Maybank Investment Bank; a company doing Investment Bank able to do varity relate to stock and company listing. - not involved in banking. they their own system keep track the Debit/Criedt of customer acc.
CDS is direct account ; open cash or margin. Acct not visible in maybank2u.

You go to Maybank Equities Center;  a division in Maybank Bank itself; only perform stock broking.
you will hv a current account created and visible maybank2u.
CDS is nominee account  ; open cash or margin.
The different we hv Direct CDS and Nominee Cds becoz of Banking Act;
Non Bank system  hv no right to debit any amount or disclose customer account outside the bank system.

BNM set rule and regulation how Banking and Investment Bank operate.
*
Thank you for the explanation. thumbup.gif

Direct CDS is not visible in maybank2u, so how do i transfer money into the cash account?
What is the brokerage rate for Direct CDS Cash Account? icon_question.gif


 

Change to:
| Lo-Fi Version
0.1401sec    0.75    7 queries    GZIP Disabled
Time is now: 2nd December 2025 - 05:58 PM