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 Trading stock via maybank2u, let discuss

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vanpersie91
post Jun 7 2016, 04:09 PM

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From: Hurr Durr Herp Derp Land
QUOTE(cIvIc_noob @ Jun 4 2016, 02:40 PM)
That is why I am asking, so i just traded one stock here so the brokerage is so high, will be my last la
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Sorry pic not rotated

This what i got frm my friend la. She just registered with Maybank Investment bank few hours ago

Seems direct account CDS only charged 0.1% brokerage fee?


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vanpersie91
post Jun 9 2016, 07:42 AM

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QUOTE(cIvIc_noob @ Jun 8 2016, 11:23 PM)
Im confused now, i actually register this account a few years back when I was at the bangunan maybank at bangsar when my friend was paying etiqa insurance. I just went into the room and tell them i want to buka cds account.

Recently i got interested in stocks and went to a maybank equity centre in my town and i went to ask how to trade, i told the fella who identified himself as a nominee that i already register account in Bangsar, i showed him the docs and he teach me how to go online and activate the account.

After that he tell me that the account i hold is cash account and he asked me to register nominee account (smf)which is the one he is in charge. He said it charges more at 0.6 and 0.42 if I traded with him but he handles all the dividend punya paperwork and etc. So i ma register another account with, but i didn't use this smf account to trade stocks.

The account i use to trade which is the original one i register in bangsar charges 0.42 online so i am curious now. According to your picture I am charged a non margin (nominee cds). I put 10k, it says my trading balance is 30k wor. But I am allowed to trade maybank leh. My trading acc no starts with AD.

Attached is the remisier reply to me, sorry phone rosak cannot prt screen so took pic with another device.

user posted image
user posted image
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As far as I know, nominee account will charge slightly higher because you buy stocks under their name (e.g maybank investment something like that), and thy will handle all the paperworls for your behalf.

Direct account needs upfront cash, slightly less charge but all paperworks had to handle yourselves.

Try approach any maybank investment rep then ask them again. See what they reply.
vanpersie91
post Jan 2 2017, 07:54 PM

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QUOTE(contestchris @ Jan 2 2017, 07:29 PM)
Define "paperwork"? Also, how to know if I had a Direct or Nominee CDS account?
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I dont know mate, cuz I had yet to experience such situation sweat.gif

You can get to know your account type during registring your application for trading account. I think u can check it in your statement as well.
vanpersie91
post Jan 2 2017, 10:52 PM

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QUOTE(contestchris @ Jan 2 2017, 10:45 PM)
Some account info. If anyone knows for sure this is Direct or Nominee, let me know.

Product Type  :  D006 - MI Cash Direct Tempatan
Account Type  :  Normal
Nominees Code  :  DCDST
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Lol i didnt know those details pun laugh.gif

Better call Maybank at earliest la tomorrow to confirm

 

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