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Investors Club V10, Previously known as Traders Kopitiam
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lowyat101
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 Mar 7 2019, 04:48 PM
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Hi, i have a CDS account from many years ago as the ex-company gave out some ESOS share at low price. But I didn't trade and the shares are still there.
Recently I registered the online trading (Affin Hwang eInvest). I can see that my shares listed there. If I wanna sell it, I can just do it via that portal right? Also how do I know the % fee that Hwang will charge me?
Also I read from above that M+ seems to have the lowest fee. Shall I register to trade with M+ then instead of my current Hwang account?
Thanks
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lowyat101
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Mar 7 2019, 05:23 PM
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QUOTE(cherroy @ Mar 7 2019, 05:13 PM) If the CDS has been linked with your trading account. % fee is depended who, and how you engaged with them, may range from 0.42 to 0.6% or even lower (depended on type of account opened). CDS normally is tied with specific investment bank, they do not cross linked. Eg. You have shares in CDS with X investment bank, you can't sell through Y investment bank. You need to transfer the shares to Y investment bank's CDS, before you sell. But if you have 2 trading account with X investment bank, and both trading accounts generally can link with X investment bank CDS. I see, thanks for the quick reply. Meaning that since now the CDS account is with Affin Hwang, I can only trade via their platform right? Also about the % fee, do I need to call them up to check? Or is it available online? Coz I have already lost the contact of the agent who helped to open the account many years ago  |
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lowyat101
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Mar 8 2019, 08:59 AM
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QUOTE(Avangelice @ Mar 7 2019, 05:29 PM) how much is the holding may I ask? You mean the amount? Not a lot, less than RM10k |
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lowyat101
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Mar 8 2019, 09:02 AM
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QUOTE(Yggdrasil @ Mar 7 2019, 08:44 PM) You can check at their website or call them up. You can usually see your agent's name when you log into the trading website. Noted with thanks, will check it out. |
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lowyat101
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Mar 8 2019, 09:03 AM
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QUOTE(Avangelice @ Mar 8 2019, 09:00 AM) it's a substantial holding. has it appreciated over the years? did it give out any dividends? Ya they do have divined but it's not a lot, I think less than the current promotional FD rate. The total value has actually dropped, + the inflation, it's actually not making money. I guess I'm just recovering the cost |
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lowyat101
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Mar 8 2019, 09:18 AM
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QUOTE(cherroy @ Mar 8 2019, 09:14 AM) You can engage another remisier as well. There are many out there. You can have 2 or 3 trading accounts with 1 CDS with the same investment bank. Do you mean different remisiers / accounts will have different % fee? |
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lowyat101
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Mar 8 2019, 10:25 AM
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QUOTE(cherroy @ Mar 8 2019, 10:06 AM) Some remisiers may be more "responsive" or providing better service, there is needless to stick to one. Yes, possible, different type of account (especially cash account, but I do not familir with Hwang, just speak from the experience with other) may have different %, but generally they do have some sort of standardise fee structure. OK noted with thanks |
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