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 Investing in US stocks, Does anyone know how?

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ckyan
post May 11 2009, 03:35 PM

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I jus open an acc at optionxpress. can someone teach me how to fill in the maybank2u ftt to fund optionxpress acc?

JPMorgan Chase Bank, NA
Swift Code: CHASUS33* (International wires only)
ABA # 021000021* (Domestic wires only)
A/C 707660205 optionsXpress, Inc.*
F/C/T [your name here]*
A/C# [your 8 digit account number]*
Bank Address: (wires only - do not mail funds)1 Chase Manhattan Plaza
New York, NY 10081

which i dun understand is,
under To Beneficiary,
personal detail:
ID/ Passport --
Address -- optionxpress' adress?
Contact no -- optionxpress' no?

Beneficiary bank detail:
FED WIRE --

And where to fill in,
F/C/T [your name here]*
A/C# [your 8 digit account number]*

Thanks for help.

This post has been edited by ckyan: May 11 2009, 04:35 PM
ckyan
post May 12 2009, 01:02 PM

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Y: F/C/T [your name here]* A/C# [your 8 digit account number]*
Peter E.: Hello, this is part of Wiring money to Optionsxpress.
Peter E.: F/c/t, means further credit to, which should be your name as it appears on your Optionsxpress account.
Peter E.: followed by your optionsxpress 8 digit account number.
Y: when i fill in the wire form which colunm shoukd i fill in this?
Peter E.: In more details section, or comments section
Peter E.: of the Wire form

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This is reply from optionxpress live help.
I think is Transaction description in M2U form, isn't?

And how with the ID/Passport?

This post has been edited by ckyan: May 12 2009, 01:03 PM
ckyan
post May 13 2009, 01:46 PM

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QUOTE(danmooncake @ May 13 2009, 08:24 AM)
So many newbies struggling with TT to foreign brokerages..
So.. for once and all. please stop using TT altogether if you can't make it work or if your banks just clueless on how to make it work for you.

Just send them a US bank draft via Fedex. It is not expensive and reasonably fast (within 3-4 days),
another 3-4 days for clearance.

Don't wait till last minute to do this if you want to trade immediately.

Again, one more time: Don't use TT anymore.. give it up!

Just traditional Bank Draft and send to them. It works!!!  nod.gif
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Pls tell more about how to use US bank draft? How its work? Which bank better?
Thanks. laugh.gif
ckyan
post May 16 2009, 01:04 AM

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QUOTE(danmooncake @ May 15 2009, 11:14 PM)
MissyFroggy:
1st ques: Why you call FirsTrade as Pertrade ?  Or is Pertrade is actually another broker?

If this is Firstrade, did you get your 100 free trades offer?  smile.gif
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I think Pertrade should be "per trade", 'per trade is 6.95'.

----------------------------------------------------------------------

Isn't Firstrade safe?
The comm rates for price under $2 share different, rite? How?
ckyan
post May 16 2009, 02:16 AM

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QUOTE(danmooncake @ May 16 2009, 01:38 AM)
Oppss. thanks for clarification. For a moment, I wasn't reading correctly what M.Froggy wrote.

As long FirstTrade is regulated with SIPC, it should be safe.

Where did you see the comm rates for $2? URL?
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ya.. show at the right in commision page, * n small word.
tat's a condition for buying at or under $2 share; over 5000 shares will add $0.005 per share to entire order. let say buy 6000 shares at $2, will be $6.95+(6000*0.005). These I just ask from their live chat. But forgot to ask how if i make it in 2 order, 3000+3000 shares. rclxms.gif

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Since there is make to another party "Ridge Clearing" when we fund them, not Firstrade; isn't ok?

This post has been edited by ckyan: May 16 2009, 02:29 AM
ckyan
post May 16 2009, 02:08 PM

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I decide to open acc with Firstrade, since almost half rates compare to optionsxpress.. tongue.gif



This post has been edited by ckyan: May 16 2009, 02:14 PM
ckyan
post May 16 2009, 02:36 PM

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frogy:
hahahaha.. cause i decide to send the form to them for open acc, no online application. think to ask them first how tis introduce plan works..
Haha.. or u tell me?
ckyan
post May 16 2009, 02:44 PM

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So how u feel the connection n loading speed for Firstrade?
For me, they r faster than optionsxpress, ox sometimes very slow.
but i din hav acc yet, isn't same speed for condition after login?

--------------------------------------------------------
And so how to let u be introducer? haha.

This post has been edited by ckyan: May 16 2009, 02:54 PM
ckyan
post May 19 2009, 02:44 PM

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QUOTE(vb1 @ May 19 2009, 01:07 PM)
any1 courier the W8-BEN form be4?...i checked with DHL...they charge like rm120...wow!...tt is quite n amount 4 1 piece of paper...
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use pos office airmail is enof... lastime i open optionsxpress acc do so..
ckyan
post Jun 4 2009, 01:14 AM

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QUOTE(chin20350 @ Jun 3 2009, 11:39 AM)
guys, i have a question based on the experience that i encounter last time when i registered for Zecco trading.

I am a fresh graduate and my annual income is lower than the minimum requirement that are needed. Minimum requirement is US$25k  if i am not mistaken.

I have rm60k to invest which are supported by my parents but i couldn't successfully registered an online broking account as they need me to show my annual income proof.

Can any1 tell me how to solve that issue??

Just now i registered to MB trading as recommended by Norman TE, the minimum requirement is 50k annual income.. Holy Shit. I believe they will ask me to provide annual income proof again to avoid money laundering.

Some1 please help because i was just realised that the OSK investment are charging for 0.6% commission per sale and buy order... I thought that the commission were charged for buy order only.. Damn...

Help... Thank you
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I jus open firstrade acc, maybe u can try it.
ckyan
post Jun 5 2009, 02:06 AM

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I use CIMB to wire, u can put tat 'further credit to' info in "catatan atau arahan (jika ada)".

This post has been edited by ckyan: Jun 5 2009, 02:07 AM
ckyan
post Jun 5 2009, 03:37 PM

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Normally how many day our fund will show at firstrade acc after wire? I wire at 3/6 at CIMB, but still not in acc.

Should I inform firstrade after wire?
ckyan
post Jun 17 2009, 04:54 PM

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jus start my first trade in US stock..
PPHM..
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