erm noob Q here
this online trading
how to buy ar ?
they deduct fr saving money ar ?

Hi, you'll need to open 2 accounts, a current account and a ShareDirect account.
The tradings is deducted from your ShareDirect account, with the permission for them to use the funds from your current account too.?

I'm keen to start with HLe as well, can anyone tell me more about the accounts?

Current account is understood

How about the Share Direct account? Can I withdraw money directly from that account? Or do I need to give instruction for them to transfer the $$ to my current account 1st?

This post has been edited by eltaria: Mar 17 2008, 12:09 PM

Account that you open with HLe is a nominee account. For withdrawal you need to send a message through thier trading website online, money will be transfered to your bank account that you first registered with them within 1-2 days.

New system for OSK Investment

KUALA LUMPUR: OSK Investment Bank has formed a strategic partnership with Silverlake Capital Market Solution Sdn Bhd to implement the Core Capital Market and Investment Banking Systems.

OSK chief executive officer Ong Leong Huat said the agreement, which was for an indefinite period and undisclosed cost, would boost the investment bank's efficiency and integration.

"OSK, which started out as a broker, is using (computer) systems that are built one on top of the other as we have expanded.

"It makes sense now to develop a custom-made system that will provide the best service to customers as well as for internal efficiency," Ong said after the partnership signing yesterday.

According to Silverlake president Ronnie Tan Tai Ngee, the first component of the new system could be rolled out in as early as six months.

To date, Silverlake had taken less than three years to implement its projects, even of this size, said Silverlake chairman Goh Peng Ooi.

Silverlake was one of only 10 core systems software developers in the world and had about 50% of the Malaysian banking systems market and close to 70% of the market in Indonesia, he added.

OSK's overseas branches, DMG & Partners Securities Pte Ltd in Singapore and OSK Asia Holdings Ltd in Hong Kong, will also use the new system.

URL: http://biz.thestar.com.my/news/story.asp?f...83&sec=business

Noob here
A nominee account + current / saving account will do?

Maybank2u is charging minimum RM12 brokerage charges. They will open you a Premier1 account (current account) for payment purpose.

The CDS account is a direct account. You will get hard copy transactions after 3 days and your gains will be credited to your maybank account.

So far not much problem except for often busy network status during the weekends and also after trading hours.

Additionally, no Mozilla support, and 0.7 % is charged for trades over the phone and 0.5% for trades over the net..

Sorry but newbie question here.

I just signed up for HLE and it says to sign the form with a presence of a witness:

"Commissioner for Oaths, Attorney, Notary Public or in the presence of an
authorized personnel of HLG Securities Sdn Bhd/ Dealer's Representative/
Remisier"

Where can I get a witness for such?

When you hand in the forms, just sign it in front of your remisier or broker lah. Some remisiers don't really care one, as in just sign it and pass it back to them. When I signed up for maybank's one, the maybank personnel came to my office and i just sign the forms in front of her.

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Added on March 23, 2008, 10:06 amHi, maybe you want to double confirm your CDS account type if you opened via Maybank. I asked the personnel, and she said all nominee accounts only, cannot apply IPO and cannot buy maybank stocks. However, if you open via aseambankers then it will be a direct CDS.


This post has been edited by myusername: Mar 23 2008, 10:06 AM

If the shares is credited in your Maybank nominee account, it is not a direct CDS.

CDS account is directly with Bursa, not from investment house.

I don't know about your situation, but what I heard on most people said Maybank2U is a nominee account.

hi
few q re online trading. planning to open one in near future.

1. most online accounts are nominee acc, rite? if rite, then what are the restrictions? cant apply IPO? how about dividen? will be entitled to dividen/ share rights or not?

2. If I want to place an order outside trading hour, can or not? say, order to buy sth, eg TM share at *.** price, and I place the order at 7.30am (before going to work). Is it possible, or is it only allowed during trading hours.

3. If I order thro online, then it is matched. How do i know? will it appear directly?

4. If I have enough cash in trading acc, will it be deducted immediately at T+3 like normal acc (non-online)? or do i need to manually pay every T+3?

thanks

http://www.apexetrade.com not bad as well

1. No, it depends, but mostly through banks one are nominee, while those through investment house mostly are direct account. One has to check with respectively banks or broker house, different party can use different mechanism. Generally, there are no aware of any special restriction.
Whether it is a direct or nonimee, the shares are yours so you entitle all the dividend, share right or whatever.

2. Yes, you can. But it depends on your online trading portal website operation. Mostly portal is accessible for 24 hours 7 days per week unless stated otherwise for maintenance period or etc issues. But again you have to check with them, different party can implement differently.

3. Yes, it will appear on your online website, so do have SMS notification service also. Again it depends on your online portal you are using.

4. Yes, mostly will check automatical when T+3 to see whether got money to set off before the share being forced sell or notify their client of the shortage. Again you need to check with respectively broking house to verify.

M2U 3/5
CIMB 3.5/5
HongLeong E-Broking. 4/5

thanks cherroy

actually i find OSK188 the easiest and most powerful to use....but the bad thing is I can't view the status of my accounts or transfer money easily in between unlike MaybankInvest...MaybankInvest is damn slow most of the time..

I have sign up 3 account so far, and the rating are

Cimb = 6/10
apexetrade = 7/10
Hle = 8.5/10

For nominee account you won't be getting your original copy of the annual report i heard....if they have vouchers then will you be able to lay your hands on it? What's more is that nominee account got problem attending AGM as you need to sign some forms very troublesome

Yes, the annual report won't be sent directly to you, because under the shareholders name, the company only can find the broking house name, your name doesn't appear directly in the shareholders list under the nominee type of account.

Normal direct CDS
Company -> shareholder (you)

Nominee account
Company -> shareholder (xxx broking house) -> you.

By right, it is still yours even it is a nominee. You still entitle all the same stuff with normal shareholders, just you have a middle man (broking house) that hold your stock.
Regarding the annual report copy or voucher or attending AGM issue, one needs to sort out with the nonimee account broking house respectively, it is up to the broking house, how they do it. All entitlement is stil yours, they can't take away.

Due to potential troublesome in nominee account, all my accounts are direct one. Just my personal preferences, nothing wrong with the nominee account.

Then maybe i should sort out with them about this. I just opened a new nominee account that's why i felt kinda strange when they told me annual report is photostated copy