I not recommend Jupiter see this

http://forum.lowyat.net/index.php?showtopi...post&p=38372197

I think ECM & Jupiter are the cheapest around at the moment, all brokers should offer direct CDS account, correct me if I'm wrong...

Any outcome on the best online trading platform as the title suggests? Cheapest? Best variety of services? Most reliable?

Hi there, anyone here using mac to trade? What platform are you guys using?

Currently unable to view my total "Portfolio" with M2U, they say their "IT" is currently on "it"

thanks bro, i sign up with ECM, direct cds acct., will be submit the docs next week, hopefully their system is more reliable...

Hi guys, can I ask a question? What happens if you sign up a CDS account with brokers that are seldom heard of? (Eg SJ Securities Sdn Bhd). What will happen to your money if the broker happens to MIA one day?

i m reading lots of complaints abt m2u trading platforms be it slow or lots of disruptions. so y does ppl still prefer to use it? im guessing they get less hassle when doing transactions, since they hav savings in m2u? or r thr any advantages?

btw, any traders with experience on kenwealth (kenanga) trading platform? reviews r much appreciated

This post has been edited by hAnn: Dec 27 2010, 04:46 PM

I think it is quite unlikely that SJ will go Mia, furthermore your shares in CDS (by MCD) will be safe.

Anyway go for the broker or rather the trading platform or brokerage that best suit your need and the one you feel comfortable with, rather than one that give you doubt

Thanks for clarifying the matter.

Hi, newbie here..

Recently I just bought a share under maybank investment bank.. Based on the info read online, the brokerage fee supposed to be 0.42% or min RM12. However, mine is RM40.00.

I can't get the calculation right. Why is it RM40.00? Is it consider expensive?

I always feel uneasy to know that trader especially new trader have doubt or unclear about the brokerage that are being charged, this suppose to be the least headache they should face in trading ( leave the headache in trading )

The rate should be known to you before hand and if there is a mistake it should be rectified.

RM 40 should be the min charge by PHONE CALL or 0.6%

For online trade min should be rm 12 or RM 28, or 0.42% ( or lower )

The rate should be very clear to you:

Whenever you buy a shares, do a calculation clearly as the cost of trading comprise

1) Brokerage
2) Clearing fees (0.03%)
3) Stamp Duties ( RM1 for every rm1000)

Simple as that, no two way about it and very clear cut.

I am with Cimb Securities, pm me to find out more. don't be

Try doing transactions online, 0.49% or min RM28 if you registered at Maybank HQ with Direct CDS...

0.42% or min RM12 (now promotion 0.1% or min RM8 until 31st March 2011) if you registered at Maybank Branch with Nominee CDS...

That's what my HQ remisier told me, hope it helps

I would like to share some info on this topic. After using four different online trading platform from four different investment broker, I guess some information might helps for newbie or forumer looking to decide which online trading platform to begin with, that provide the most benefits. Other experienced forumer might be able to correct me if I have provide the wrong info or help me to clear some air about certain issues related to
online trading. Below are some comparisons among the online trading platform from Alliance Investment Bank (AIB), Jupiter Securities, Maybank2U Online Stocks (MBB) and CIMB iTrade.

Platform interface: AIB, Jupiter and MBB uses the platform from Excelforce and CIMB from N2N. Therefore, the online trading platform interface for AIB, Jupiter and MBB is the same.

Website and platform stability: Good for AIB, Jupiter and CIMB iTrade. For MBB..... hmmm, what a letdown. Frequent downtime. Considering MBB is one of the largest banks in Malaysia, yet they can't outperform other smaller brokerages in terms of stability..... And downtime during trading hours, what else can I say....

User friendliness: I would say the platform from Excelforce is more user friendly but I guess this is quite subjective.

Information research: For this criteria, my vote goes to Jupiter Securities. If you're looking for historical data such as Financial Summary and Entitlement, Jupiter provides a lot more info compared to AIB and MBB even though they're using the same platform. I'm not sure why about this. Jupiter Securities also provide some info on financial or fundamental research as they subscribe to EquitiesTracker.com, an independent equities research protal. Therefore, we get this kind of information free.

Portofolio Management: AIB, Jupiter and CIMB iTrade provide portfolio management where they'll update your portfolio value based on the market price whenever you want to check them even during trading hours. Save the hassle of calculating on your own the stock value whenever you want to sell you shares. For MBB, you need to wait till the next day for the system to update your portfolio value...or.... you can do it manually by taking out your calculator or prepare your own spreadsheet

Charting / Technical Analysis (TA) : Though I'm not an expert in technical analysis or charting, I guess at some point, charts and technical analysis do help at certain times. AIB and CIMB does not provide charting tools or technical analysis tools unless you subscribe to CIMB iTrade Pro in which you need to pay monthly subscription. Jupiter and MBB provide TA tools but again, my vote goes to Jupiter. They provide live charting tools as they tied up to NextView. Ever see 'live' candlesticks? Candlesticks moving up or down during trading hours? Anyway, I'm working during trading hours, so I might not be using this features often but this is a bonus for traders.

Mobile Trading: Jupiter Securities provide mobile trading if you have smartphones running Windows Mobile while CIMB iTrade provide mobile trading if you have iPhone. Standard telco charges apply for the data received. The best option would be to subscribe to data plan. Jupiter and CIMB doesn't charge you for the live quotes via mobile trading but if I'm not wrong, for OSK, you might need to pay monthly subscription for their mobile trading platform. For AIB and MBB,no mobile trading as of now.

Trade Execution: Almost instant for Jupiter. Within a few seconds. Next is AIB and CIMB iTrade. For MBB.....I don't want to sound bias but my first few trade takes about 20 seconds to 1 minutes. Imagine if you're a trader, you might have missed the queue and your profits as well. I'm not sure why it's slow, but I noticed that the transactions will be done through Maybank counter party as well. My experience by using with other broker, I seldom seen my transactions transacted with Maybank counter party but this could be a coincidence.

Account opening: For all accounts opening, we need to be at the stock broker firm to fill up the forms and provide all the documents required. For Jupiter Securities, you can actually contact them through e-mail or phone and request them to mail you the forms to be filled in.Most of the time, I'm in contact with Jupiter Securities via e-mail. I would say they do respond at the best effort and so far, I'm happy with their service. For other broker,most of the time the communication will be via phone calls, and that means phone call charges.......


Deposits / Payments: For non cash upfront account, AIB, CIMB and MBB do provide online settlement. So, it's easy to make the payment for shares purchased. For Jupiter Securities, I can only answer for Cash Upfront account. You need to deposit $ into their designated accounts and e-mail them the deposit slip. As soon as they acknowldge the deposit, your trading limit will be updated instantly based on the amount you deposited. How soon can you trade after you deposit depends on how soon the customer service checked your e-mail and update your status. I usually deposit and e-mail in the early morning and able to trade by 10-11 am. Anyway, I'm not a good trader... and don't think I can become one. Though I'm still learning....

Brokerage charges: Standard brokerage charges apply for all the investment brokerage. 0.42% or minimum RM 12. But if you are looking to save some brokerages,which I think is important because small amounts will add up into a huge amount, try Cash upfront account with Jupiter Securities. 0.10% or minimum RM 10.00. That's equivalent to savings of RM32.00 for each RM 10,000 transaction compared to normal online brokerage charges. MBB is also doing a promotion now, 0.10% or minimum RM8.00 but the differences between the normal charges and the promo charges will only be deposited back on monthly basis and there's T&C apply. You can also get cheaper brokerage fees with CIMBClicks trader but the thought of depositing money into an account with no interest earned really put me off.

Types of accounts: Direct CDS account for AIB, Jupiter and CIMB iTrade. Nominess account for accounts opened via Maybank2U. What I don't quite understand is, what are the significant benefits of using nominees account? What I've read on this forum and from previous posts seems to conclude that Direct CDS benefits investors more compared to nominees account. Therefore, I'm not very happy when I know my cash upfront account with MBB is nominees account. I might as well stick with Jupiter Securities if not for my only concern, which is the deposit and withdrawal, considering I don't live nearby Jupiter Securities and leaving a huge sum in the trust account to trade or invest is kind of worrying should anything bad happen to the company or the stock broking industry.

Well, that's it. Hope this info helps and maybe some forumers can chip in with more info.

This post has been edited by Kcee: Dec 28 2010, 11:21 AM

I think the real difference is when it comes to dividend distributions, with a direct account, your dividends can be banked in electronically straight into your banking account, whereas with a nominee account, your dividends will go to your nominee bank 1st, then they'll issue you a dividend check, which of course, would include certain charges (e.g. 1% or rm2.50 per check), etc...

why u not using ecm?

Thinking to, but gotta go through all the hassle again

any reviews for kenwealth?

Hi guys,

I'm currently using Hong Leong ebroking for trading.. but my office can't access to hlebroking for some reason but one of my friend can access to Kenanga Wealth trading site.. I'm thinking of opening an account for KenWealth. But their brokrage charges are quiet high (i'm a small staker so it does really matter to me).

HLebroking @ 0.42%, min RM12
KenWealth @ 0.70%, min RM28!

Can anyone please recommand any cheap brokrage online trading platform in the market??

ecmmoney.com @0.08% , min RM12

Sign up today and you will enjoy 0.05% brokerage fee per contract or RM8 minimum brokerage.

This promotion runs until 31 January 2011.

Jupiter or CIMB