Personally only have M+ and a non Rakuten nominee account so I assume Rakuten's nominee works the same except no corporate action charges.
For lowest fees - cash account is what you're looking for
Account TypeM+, HLE direct. Rakuten nominee.
Brokerage FeeDepending on your buying/selling pattern and size. Rakuten advantage for <RM1,000. M+ advantage for >RM10,000. HLE 0.1% or min RM8.
Idle Cash InterestRakuten @ 2.5% p.a. any amount. M+ @ 2.3% p.a. if <RM100,000. Unclear for HLE.
PIDMHLE has PIDM since it's a banking body. Unclear whether PIDM covers shares and/or just the idle cash though.
Corporate ActionRakuten if you plan to hold counters like Maybank and participate in Dividend Reinvestment. All no charges to handle dividend received, unclear if Rakuten's no charge is perpetual or waived until further notice.
AGM & ReportsDirect account and can attend AGM and receive annual reports from companies via mail. Rakuten's nominee need to contact Rakuten to submit form to attend AGM, no annual reports sent to you.
UpdatesFor my nominee account broker, can call the office for day trading tips. For M+, on trading days dealing team will send you previous day's market summary with some trading ideas via WhatsApp. Sample of last Friday's morning brief:
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M+ Online Morning Buzz - 22Feb19
Dow Jones: 25,850.63 pts (-103.81pts, -0.40%)
U.S. stockmarkets retreated overnight as the Dow slipped 0.4% amid a barrage of weaker-than-expected economic data from Manufacturing Purchasing Manager's Index, Philadelphia Federal Reserve Business Index and Durable Goods Orders. The immediate resistance is located at 26,000.
FBM KLCI: 1,730.68 pts (+4.50pts, +0.26%)
The FBM KLCI (+0.3%) registered its third straight session of gains in tandem with the mostly positive sentiment across the Asia region yesterday. The immediate resistance is located at 1,740.
Crude Palm Oil: RM2,264 (+RM19, +0.85%)
Crude palm oil prices rebounded, taking cue from the higher soybean oil prices. The immediate resistance is located around RM2,300.
WTI Crude Oil: $56.96 (+$0.04, +0.07%)
Crude oil prices advanced, but gains were limited due to the record high U.S. production level. The immediate resistance is located at US$60.
Gold: $1,323.63 (-$14.81, -1.11%)
Gold prices extended its losses amid the build-up of optimism stemmed from the U.S. and China trade talks. The immediate resistance is located around $1,350.
Economic Releases:
JP - Japan's Inflation Rate, 7.30AM
MY - Malaysia's Inflation Rate, 3.00PM
EU - Eurozone's Inflation Rate, 6.00PM
Potential Momentum Stocks - 22Feb19
Stock Name: NOTION (0083)
Entry: Buy above RM0.67
Target: RM0.725 (8.2%), RM0.755 (12.7%)
Stop: RM0.64 (-4.5%)
Shariah: Yes
Technical: Resistance breakout
Stock Name: BAHVEST (0098)
Entry: Buy above RM0.51
Target: RM0.55 (7.8%), RM0.59 (15.7%)
Stop: RM0.48 (-5.9%)
Shariah: Yes
Technical: Breakout-pullback-continuation
Source: Bloomberg, M+ Online
Feb 24 2019, 12:44 PM
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