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 Online Trading, Best online trading platform?

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Irzani
post Nov 10 2008, 02:34 PM

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Need to wait at least 2-3 days after selling the stocks? My account with ITrade still not updated/paid so I couldn't buy or books a good stocks .. rugi liao ..
SUSDavid83
post Nov 10 2008, 08:04 PM

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QUOTE(Irzani @ Nov 10 2008, 02:34 PM)
Need to wait at least 2-3 days after selling the stocks? My account with ITrade still not updated/paid so I couldn't buy or books a good stocks .. rugi liao ..
*
3 days to be exact right? Similar to your T+3 when you buy.
SUSDavid83
post Nov 10 2008, 08:09 PM

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QUOTE(SKY 1809 @ Nov 10 2008, 02:12 PM)
Hi David,

I am using CIMB internet banking right now. And may want to use CIMB i trade . They are having 8.88 promotion right down.

RM 10,000 as min deposit ? No phones will be entertained ? ( My mobile 3G data always got problem to access )

Can you guide me how to open up an account with them. Shall I go personally to a branch near by or what.

10Q.
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No need to go to the branch.

To open an online trading account, go to http://www.itradecimb.com/bin/home.asp

Then click on Sign Up>Individual Online Registration. This will allow access to the trading platform but cannot trade.

In order to trade, you need to open a trust account with them. Right after you finished with the Individual Online Registration, it'll guide you to print a set of forms. Fill Fill them and submit to the CIMB Securities.

SKY 1809
post Nov 10 2008, 08:17 PM

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QUOTE(David83 @ Nov 10 2008, 08:09 PM)
No need to go to the branch.

To open an online trading account, go to http://www.itradecimb.com/bin/home.asp

Then click on Sign Up>Individual Online Registration. This will allow access to the trading platform but cannot trade.

In order to trade, you need to open a trust account with them. Right after you finished with the Individual Online Registration, it'll guide you to print a set of forms. Fill Fill them and submit to the CIMB Securities.
*
Thank you David,

But they demand 10K deposit, right ? For 10K, i would rather buy more lots of Huaan, then to keep as deposit.

The other thing, selling could be a problem, bcos when I am outside, my celcom 3G data USB could not log in to Celcom at all. They do not allow selling by phone calls.

Anyway, thanks a lot.

This post has been edited by SKY 1809: Nov 10 2008, 08:18 PM
SUSDavid83
post Nov 10 2008, 10:04 PM

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QUOTE(SKY 1809 @ Nov 10 2008, 08:17 PM)
Thank you David,

But they demand 10K deposit, right ? For 10K, i would rather buy more lots of Huaan, then to keep as deposit.

The other thing, selling could be a problem, bcos when I am outside, my celcom 3G data USB  could not log in to Celcom at all. They do not allow selling by phone calls.

Anyway, thanks a lot.
*
That's for trading via CIMBClicks I believe.

The min deposit for first time trading in CIMB i-trade is RM 1k.
Irzani
post Nov 11 2008, 01:15 AM

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QUOTE(David83 @ Nov 10 2008, 08:04 PM)
3 days to be exact right? Similar to your T+3 when you buy.
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Yeah, but once manage/match to buy, the amount to book other stocks already deducted. But for the selling, need to wait 3 days, then money will be deposited in .. sweat.gif

This post has been edited by Irzani: Nov 11 2008, 01:16 AM
SUSDavid83
post Nov 11 2008, 07:07 AM

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QUOTE(Irzani @ Nov 11 2008, 01:15 AM)
Yeah, but once manage/match to buy, the amount to book other stocks already deducted. But for the selling, need to wait 3 days, then money will be deposited in ..  sweat.gif
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Fair treat. When you buy, you're given 3 days. I wasn't awre of this these until I performed my first SELL. biggrin.gif
Irzani
post Nov 11 2008, 12:01 PM

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QUOTE(David83 @ Nov 11 2008, 07:07 AM)
Fair treat. When you buy, you're given 3 days. I wasn't awre of this these until I performed my first SELL. biggrin.gif
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Have a question, I sell by Friday (1), Monday (2), Tuesday - today (3), so, this should be the third day right and when will they deposit the balance? Evening or tomorrow? Or it's up to the remisier? shakehead.gif


Added on November 12, 2008, 2:56 pmWoo .. until this date and time, my money still not deposit in .. is it normal? I'm addicted too see the red stocks .. shocking.gif

P/s: Should I change brokers bank? Using Affin, on the second day already can book and buy ..

This post has been edited by Irzani: Nov 12 2008, 02:56 PM
jiant
post Nov 14 2008, 11:07 PM

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tumpang tanya...what charge is need for a complete trading?as i know is

stock price x commission x stamp duty x clearing fee is it true??correct me if wrong.
SUSDavid83
post Nov 14 2008, 11:17 PM

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QUOTE(jiant @ Nov 14 2008, 11:07 PM)
tumpang tanya...what charge is need for a complete trading?as i know is

stock price x commission x stamp duty x clearing fee is it true??correct me if wrong.
*
Yeap but should be:

stock price (number of shares matched x unit share price) + commission + stamp duty + clearing fee
jiant
post Nov 14 2008, 11:24 PM

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QUOTE(David83 @ Nov 14 2008, 11:17 PM)
Yeap but should be:

stock price (number of shares matched x unit share price) + commission + stamp duty + clearing fee
*
thank u ...my english is poor.
u mean the price for each 100 unit??any other charge?

pls : some questions to ask ..the price list on newspaper and HLebroking system is for 100 unit or 1000 unit?

SUSDavid83
post Nov 14 2008, 11:27 PM

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QUOTE(jiant @ Nov 14 2008, 11:24 PM)
thank u ...my english is poor.
u mean the price for each 100 unit??any other charge?

pls : some questions to ask ..the price list on newspaper and HLebroking system is for 100 unit or 1000 unit?
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That price is per share (1 unit).
biatche
post Nov 17 2008, 09:33 AM

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someone mind telling me how do i place a purchase in osk188.com? lol, i cant find my way
fergie1100
post Nov 17 2008, 11:39 AM

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QUOTE(biatche @ Nov 17 2008, 09:33 AM)
someone mind telling me how do i place a purchase in osk188.com? lol, i cant find my way
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it's at the bottom of the "realtime prices"... biggrin.gif
Irzani
post Nov 17 2008, 11:54 AM

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QUOTE(David83 @ Nov 14 2008, 11:27 PM)
That price is per share (1 unit).
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1 unit=1 lot=1000 shares ? Same right?
biatche
post Nov 17 2008, 12:22 PM

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haha ya, i was going thru all the menus, then ok, weird, nothing anywhere.. maybe at bottom where it isn't too easily accessible, true enough. took me 15mins to find it lol
SUSDavid83
post Nov 17 2008, 12:25 PM

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QUOTE(Irzani @ Nov 17 2008, 11:54 AM)
1 unit=1 lot=1000 shares ? Same right?
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I'm not sure regarding the covention but for Bursa, 100 shares == 1 lot.


alextkk
post Nov 22 2008, 05:38 PM

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Hi, newbie here. There are several question, I woul like 2 ask:
1. If i'm had been open an account with RHBinvest. Let say i wan open another account in HBe, do i nee apply for CDS account again?? Tat's mean i need 2 pay another RM10?
2. Is there any minimum unit for purchasing of share/session?
3. If i buy a company share..eg. RM 0.20/unit
I purchase 1000unitX0.20= RM200
Brokers rate: 0.4% So, RM200X0.4=RM 0.80 (Let say min price charges: RM24)
Tat's mean i need 2 pay RM224??? Am i correct? Correct me if i'm wrong. Thx!! notworthy.gif
Irzani
post Nov 22 2008, 05:47 PM

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QUOTE(alextkk @ Nov 22 2008, 05:38 PM)
Hi, newbie here. There are several question, I woul like 2 ask:
1. If i'm had been open an account with RHBinvest. Let say i wan open another account in HBe, do i nee apply for CDS account again?? Tat's mean i need 2 pay another RM10?
*
Yes, but if you are can talk nicely and have a good conversation with them, some dealer will exclude the payment... I manage to do that before .. tongue.gif~
SUSDavid83
post Nov 22 2008, 07:49 PM

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QUOTE(alextkk @ Nov 22 2008, 05:38 PM)
Hi, newbie here. There are several question, I woul like 2 ask:
1. If i'm had been open an account with RHBinvest. Let say i wan open another account in HBe, do i nee apply for CDS account again?? Tat's mean i need 2 pay another RM10?
2. Is there any minimum unit for purchasing of share/session?
3. If i buy a company share..eg. RM 0.20/unit
I purchase 1000unitX0.20= RM200
Brokers rate: 0.4%  So, RM200X0.4=RM 0.80 (Let say min price charges: RM24)
Tat's mean i need 2 pay RM224??? Am i correct? Correct me if i'm wrong. Thx!! notworthy.gif
*
Beside brokage fee which takes large percentage on the extra amount (apart from the amount you paid for matched share), you need to pay for stamp duty and clearing fee:

2. Clearing Fee: 0.03% of Contract Value subject to a maximum fee of RM1,000
3. Stamp Duty: RM1 for every RM1,000 subject to a maximum fee of RM200


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