Does anyone here understand what's shares pickup?
Asked friends around me and they told me basically it's just margin trading, then unable to pay $$ so investors have to choose to either pickup shares or to force sell it.

Heard there's a thing called manual / auto pickup too?

Confused!!!!

why make it so difficult.

let's say if you are buying 3,000 ABC Berhad shares at RM1.00 each.

so you just prepare RM3,000 + brokerage + clearing fees + stamp duty. and pay it within T+2 if your account is not a cash up front account.

then you dont have to worry about that.