Which platform better for trading shares?, RHB or Rakuten
Which platform better for trading shares?, RHB or Rakuten
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May 28 2020, 03:49 PM, updated 4y ago
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#1
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Senior Member
1,039 posts Joined: Jun 2019 |
I am a small time player I think Rakuten is better ? Rakuten Minimum fee is RM 7 for below 1000 shares RM 9 for above 1000 shares CDS under Nominee name RHB trade smart 0.42% or RM 28 minimum CDS under your name Question 1) Is there any disadvantage if your shares are under Nominee name ? I feel a bit insecure having it under a nominee. 2) I am a small time player, maybe nibble nibble buy 200-1000 shares. Rakuten fees seem quite affordable. 3) Any other trade platform you want to recommend ? I also considered CIMB I-trade. But call their line, nobody pick up. I call 3 times. Left a message but their inbox full. My goodness. Can't imagine the first impression. |
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May 28 2020, 03:58 PM
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#2
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Senior Member
1,056 posts Joined: Apr 2016 |
I think HLeB is cheaper
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May 28 2020, 04:04 PM
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#3
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Senior Member
1,039 posts Joined: Jun 2019 |
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May 28 2020, 04:11 PM
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#4
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Senior Member
1,056 posts Joined: Apr 2016 |
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May 28 2020, 04:15 PM
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#5
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Senior Member
1,791 posts Joined: Jul 2011 |
per counter trade over RM100k per day 0.21 for normal.
per counter trade over 500k or 1M++ above per day can negation with company. so just base on your trade pattern. trade more = more cheap. |
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May 28 2020, 04:34 PM
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#6
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Junior Member
160 posts Joined: Mar 2020 |
For small timer Rakuten works fine la, as it hassles free to open the account, just few clicks online and you are good to go, no physical verification at bank's branch is needed.
Just that when it comes to dividends payout, dividends will first be issued under Rakuten's name as nominee and payment will then be forwarded to your bank account subsequently. Also the reload is capped to a maximum 30k per day in normal Rakuten accounts, so if you wanna trade with bigger sum, you might find it quite rigid to dabble in |
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May 28 2020, 04:51 PM
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#7
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Senior Member
1,039 posts Joined: Jun 2019 |
QUOTE(benzxzx @ May 28 2020, 04:34 PM) For small timer Rakuten works fine la, as it hassles free to open the account, just few clicks online and you are good to go, no physical verification at bank's branch is needed. but my concern is thisJust that when it comes to dividends payout, dividends will first be issued under Rakuten's name as nominee and payment will then be forwarded to your bank account subsequently. Also the reload is capped to a maximum 30k per day in normal Rakuten accounts, so if you wanna trade with bigger sum, you might find it quite rigid to dabble in I mean highly unlikely will happen But what if the nominee bankrupts or something is this guaranteed ? by government ? |
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May 28 2020, 04:53 PM
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#8
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Senior Member
1,039 posts Joined: Jun 2019 |
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May 28 2020, 07:15 PM
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#9
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Junior Member
619 posts Joined: Jun 2012 |
Mplus also not bad.
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May 28 2020, 08:00 PM
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#10
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Senior Member
3,634 posts Joined: Apr 2019 |
M+ is good. But I've stopped playing Bursa. A dead market anyway.
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May 28 2020, 08:34 PM
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Senior Member
709 posts Joined: Oct 2013 From: Midgar |
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May 28 2020, 08:40 PM
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#12
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Senior Member
1,202 posts Joined: Feb 2006 From: Kuala Lumpur |
I've been using M+ for a decade with no issues. Rakuten just broke into the scene a few years ago marketing themselves as a startup when in reality they are just another traditional stock broker trying to con the millenial crowd into thinking that they are something cool and different.
This post has been edited by Havoc Knightmare: May 28 2020, 08:41 PM |
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May 28 2020, 08:44 PM
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Junior Member
973 posts Joined: Sep 2014 |
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May 28 2020, 08:54 PM
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#14
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Senior Member
1,202 posts Joined: Feb 2006 From: Kuala Lumpur |
QUOTE(debonairs91 @ May 28 2020, 08:44 PM) M+ is cheaper than Rakuten except for trades under RM1000, which in any case is not really worth it since you're paying for quite a steep % in terms of brokerage fees. |
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May 29 2020, 09:14 AM
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Senior Member
1,039 posts Joined: Jun 2019 |
QUOTE(Havoc Knightmare @ May 28 2020, 08:54 PM) M+ is cheaper than Rakuten except for trades under RM1000, which in any case is not really worth it since you're paying for quite a steep % in terms of brokerage fees. How much for below RM 1000 ? Rakuten charge RM 7RHB charge 0.045% or RM 28 (RM28 is minimum) = RHB invest is expensive ! Because I intend to buy small... |
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May 29 2020, 09:15 AM
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Senior Member
1,039 posts Joined: Jun 2019 |
QUOTE(debonairs91 @ May 28 2020, 08:44 PM) what kind of downtime ?I would like the shares to be under my name. I am just traditional, I don't like it to be under Nominee (Rakuten)… But I am curious as to how they pay dividend to me for those shares that issue them if its under Nominee, how they do it ? |
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May 29 2020, 12:10 PM
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Junior Member
973 posts Joined: Sep 2014 |
QUOTE(Maria Takagi @ May 29 2020, 09:15 AM) what kind of downtime ? Their trading platform down during critical times. Can go to finance subforum and read user complaints thereI would like the shares to be under my name. I am just traditional, I don't like it to be under Nominee (Rakuten)… But I am curious as to how they pay dividend to me for those shares that issue them if its under Nominee, how they do it ? |
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May 29 2020, 12:12 PM
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Senior Member
1,039 posts Joined: Jun 2019 |
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