Hi everyone..
i'm just start trading on KLSE and i'm doing it online.
btw i'm using i-trade but does anyone know another site?
does anyone trading online? and who else offering it beside CIMB i-trade,Maybank and OSK188?
i want to ask for opinion,
which one u use and which one is better?in term of brokerage fee and user-friendly and maybe u could tell me more about it

Personally i like CIMB ITRADE but it is kinda slow and the stock filtering is lousy. During ordering, commission/breakeven/number of stock(sell) is showed

OSK188 great speed and filtering but need to queue your order every session and it doesn't show how many stocks you have/breakeven/commission when you put your order.

osk188 offers the service of providing real time price... but need to pay the subscription fee...

HLE broking with Hong Leong Bank, the application is fast direct and simple. Used the service fast no hangs and subscription is free.

HLE brokerage rates r as follows... Online only

0.42% standard rate
0.15% intra day - only if your trade exceeds Rm 3,000 per day if i am not mistaken

it suits day trader... does it??
by the way, does it provides real time price??

yes
Intra-day for day trader price...
Yes, its real time.

visit any HLB (where HLE application forms are available) outlet or visit http://www.hlebroking.com/v2/default.asp

thanks...

so how about maybank?? looks like hle wins all for now....

Maybank is slow possible due to high users, server always needs reconnection. i suggust go for new launch trader, most of them have the offer.

For HLebroking, what is the fee that they charge for every transaction. I'd sent them emails, and they reply me with the brochures with many technical terms that I'm not really understand.

Btw, it seems like HLebroking's brokerage rate (0.1%) is the cheapest among all others. Does the 0.1% means that we will be charged 0.1% of rm5000 of my purchases of equities that is rm5??

for HLeBroking, 0.1% is for day trades only. the actual brokerage is 0.42% with min of RM12, Stamp Duty (RM1 for each RM1K or part of it) and Clearing Fee (0.03% on the gross amount with max of RM1K) is standard for all brokers.

This post has been edited by optimuz: Mar 10 2008, 05:37 PM

any1 can explain wat does it mean by day trade?
thanks a lot!

buy & sell within a day time period =day trade

wat's breakeven btw?

no gain or no lose money

meaning i wont lose o gain from the 10.069 i pay?


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if u buy at RM9.9
total u need to pay is RM9983.26
if u sell at least RM10.069 or more will be better coz u wont lose yr money on brokrage

iccccccccc.... thanks a lot for ur explanation..:salute:

How to calculate the brokerage fee from RM9900 and u get RM9983.26, say using 0.42% as the brokerage rate in common.



After searching around here, I found my answers.

This post has been edited by nofear0720: Mar 11 2008, 12:20 PM

so which bank is the best? how about maybank? they have 2 types of account. correct me if i wrong