Some of the local brokerage firms do offer overseas trading.
You can try to check out Hong Leong E-Broking.

Hi, I know that but their broker fee very expensive. So better open online account.

Beware guys, the US stock market is going up on low volume. That means professional money has stayed sideline and did not participate in the up move. When they have finish distributing to the public, then all the market needs is some surprise news to sent the stock market down again

By the way tonight have FOMC news which will rock the markets again

I think Hong Leong is one of the brokerage firm with cheapest fee offered.

If you are interested, just open an account, you can either trade online or manual.

The last I know is HL cannot trade online.
As for the fee. Sogotrade only charge USD3 per trade nia.

danmooncake is using TD Ameritrade @ USD9.99 per trade.

I wonder how sogotrade can offer so low hor...hmm. Probably want to have some share of the pie

btw, mynewuser, which broker you use?

then you can try zaman's brokerage.

This post has been edited by debbieyss: Sep 23 2009, 03:12 PM

HLe cannot trade online. else I already opened it long time ago.
Everything is manual. Sucks. When you already decide what price to enter, its already late.

MBtrading.com charge $4.95 / per trade. No min. deposit etc. Can apply for margin.

Sogo $3 per trade if not a day trader.



B= Buy
S= Sell



This post has been edited by zamans98: Sep 23 2009, 04:03 PM

I using OSK currently. Plan to move to SOGOTRADE.

No one trading today?

Long LCC @ 455, 200shares.

I think everyone's waiting for the Fed's news on the US market.

Bullet haven't arrive yet.

made peanut. Was testing the Trailing Stop..

This post has been edited by zamans98: Sep 23 2009, 11:05 PM

When the bulletin will out?

Lol. Talk about making a quick buck.
Too bad they're taking ages to set up my account at mbtrading. Grrr

---

Added on September 23, 2009, 11:08 pmSomewhere around 2pm.

Here's some light reading.

Fed May Signal U.S. Economic Recovery Has Started (Update1)

This post has been edited by mH3nG: Sep 23 2009, 11:08 PM

Hong Leong Cross Border Trading is expensive.

BUY/Sell Charges

$20/ trade Brokerage
Stamp Duty 0.10% USD
Other Charges - very minimal few cents USD
Bank Charges RM10 or USD2.9
Total Charges for example to buy :
200 C @ 4.70:

4.70x200 =940
+20
+0.94
+0.01
+2,90

Total Charges $23.85 or say about $25. both side say $50.

So, not for day trade..

You need C to close above $4.95 just for break even

Bah... CIMB is more expensive.
They charge a minimum of USD25 per online trade.

There is a local broker charge of RM40 + above amount.

Hong Leong have local brokerage of min RM40 per trade (purchase and sales)

CIMB only charge once, RM20 on purchase, no local brokerage on sale, so CIMB is cheaper.

and one more thing, exchange rates

You are forced to change to RM whenever you sell, Hong Leong forex spread is the widest, so hong leong is the most expensive.

so many losses here and there, high brokerage, conversion loss on every trade.

For day trade, have to use discount brokerage.

This post has been edited by klfong: Sep 23 2009, 11:31 PM

I stand corrected.