1) Which broker do you have your CDS account opened with: Maybank IB
2) Type of CDS account: Cash (Direct)
3) Brokerage Fee: Higher of RM12 and 0.1% per trade
4) Comments on Trading Platform/App/Website: Website used to have shitty interface but they improved a lot recently.
5) Why choose this broker: Linked to my primary bank account. Cheaper than my AmEquities collateralised account. Although I think AmEquities cash is RM8 or something.
6) Frequency of Trade: Total of 35 buy and sell transactions this year
7) Additional remarks: No doubt, it's cheap but you have to wait T+2 in order to trade again.

1) Which broker do you have your CDS account opened with: AmInvestment Bank/AmEquities
2) Type of CDS account: Collateralised (non-margin) (Direct)
3) Brokerage Fee: Higher of RM28 per trade and

Trade value	Non-cash upfront (%)
100,000	0.4
99,999,999,999	0.2

Trade value	Cash upfront (%)
100,000	0.2
99,999,999,999	0.15

Trade value	Sales (%)
100,000	0.4
99,999,999,999	0.2

Trade value	Intraday (%)
100,000	0.15
99,999,999,999	0.15

4) Comments on Trading Platform/App/Website: Prefer their app over Maybank's. Much cleaner feel and faster reaction time (still depends on internet).
5) Why choose this broker: 2 of my family members are AmBank remisiers. Trading under them provides confidentiality and gives them commissions.
6) Frequency of Trade: Approx 15 transactions per year.
7) Additional remarks: Using primarily Maybank cash over this because who wants to lose RM56 just by buying and selling? Tried negotiating for cheaper rate by converting to AmBank cash account but unfortunately I need to write a letter to the bank to close it and reopen. Too much hassle so I just open a cash account with Maybank. My remisier did recommend a special hybrid account which is slightly higher fee than cash account but you enjoy the benefit of collateralised account but I didn't opt for that.

Only benefit of collateralised account is that you can trade above your cash/stock value and don't have to wait for cash to arrive.

Also, want to note that usually collateralised accounts give higher interest on your cash. I.e. if you have few RM100k+ in your trust account but not used to buy stocks, collateralised accounts usually provide additional 0.5% interest. Cash account generally provide lower interest. This is usually true across all banks.

This post has been edited by Yggdrasil: Aug 12 2020, 11:45 PM

Bank in is instant. Just that you can't use buy when there's no cash although you already sold the stock.

Day 0: You have RM50k stocks and 0 cash, you can only sell. You sell the RM50k stocks
Day 1: You cannot buy
Day 2: You cannot buy. Stocks taken from your account
Day 3: You can buy since money comes in after T+2

If I recall correctly, the amount will be there at Day 0.
Can place buy order at Day 0 but Day 1 and 2 cannot already.

I'm not sure whether GTD orders placed at Day 0 will be cancelled on Day 1 and 2.
But I'm certain the orders cannot be placed on Day 1 and 2 if insufficient cash (although technically you have the cash but it hasn't arrived).