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 Which platform better for trading shares?, RHB or Rakuten

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TSMaria Takagi
post May 28 2020, 03:49 PM, updated 4y ago

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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.
taiping...
post May 28 2020, 03:58 PM

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I think HLeB is cheaper
TSMaria Takagi
post May 28 2020, 04:04 PM

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QUOTE(taiping... @ May 28 2020, 03:58 PM)
I think HLeB is cheaper
*
how much ?
taiping...
post May 28 2020, 04:11 PM

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QUOTE(Maria Takagi @ May 28 2020, 04:04 PM)
how much ?
*
user posted image
pretty23
post May 28 2020, 04:15 PM

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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.
benzxzx
post May 28 2020, 04:34 PM

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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
TSMaria Takagi
post May 28 2020, 04:51 PM

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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.

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
*
but my concern is this
I mean highly unlikely will happen
But what if the nominee bankrupts or something
is this guaranteed ? by government ?

TSMaria Takagi
post May 28 2020, 04:53 PM

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QUOTE(taiping... @ May 28 2020, 04:11 PM)
user posted image
*
what is M+online ?

The thing is I wanna start trading during this MCO

where got investment bank branch open now for verification ?
galkelly
post May 28 2020, 07:15 PM

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Mplus also not bad.
gashout
post May 28 2020, 08:00 PM

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M+ is good. But I've stopped playing Bursa. A dead market anyway.

ywliang96
post May 28 2020, 08:34 PM

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QUOTE(gashout @ May 28 2020, 08:00 PM)
M+ is good. But I've stopped playing Bursa. A dead market anyway.
*
what...??

BURSA just hit a volume high. How is it a dead market?
Havoc Knightmare
post May 28 2020, 08:40 PM

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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
debonairs91
post May 28 2020, 08:44 PM

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QUOTE(Maria Takagi @ May 28 2020, 04:53 PM)
what is M+online ?

The thing is I wanna start trading during this MCO

where got investment bank branch open now for verification ?
*
Yea go for mplus. Lowest fee together with rakuten. But I heard rakuten got alot of downtime
Havoc Knightmare
post May 28 2020, 08:54 PM

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QUOTE(debonairs91 @ May 28 2020, 08:44 PM)
Yea go for mplus. Lowest fee together with rakuten. But I heard rakuten got alot of downtime
*
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.
TSMaria Takagi
post May 29 2020, 09:14 AM

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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 7
RHB charge 0.045% or RM 28 (RM28 is minimum) = RHB invest is expensive !

Because I intend to buy small...


TSMaria Takagi
post May 29 2020, 09:15 AM

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QUOTE(debonairs91 @ May 28 2020, 08:44 PM)
Yea go for mplus. Lowest fee together with rakuten. But I heard rakuten got alot of downtime
*
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 ?
debonairs91
post May 29 2020, 12:10 PM

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QUOTE(Maria Takagi @ May 29 2020, 09:15 AM)
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 ?
*
Their trading platform down during critical times. Can go to finance subforum and read user complaints there
TSMaria Takagi
post May 29 2020, 12:12 PM

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QUOTE(debonairs91 @ May 29 2020, 12:10 PM)
Their trading platform down during critical times. Can go to finance subforum and read user complaints there
*
I see

that is quite crucial

What about CIMB I-trade ?
I saw one poster complain in Serious K, but later he close topic

 

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