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?


Attached thumbnail(s)

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

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

They don't have too many copy I suppose. As one shareholder (broking house) will be sent one copy of annual report only so they need to photocopy for you as they might have one copy only!

It could be true.... i used to get several copies of annual report because those stocks are in different CDS account. Do you get that too? I mean if they are at different account

Yes, different CDS is treated differently. If you have 3 CDS that have the same stock, you might be getting 3 copies.

Hi, have been gone through all the post from page 1 til now. It's quite useful especially for a beginner like me.

I plan to open a hle account, what i need to prepare eg: any documents, charges?

Btw, I suggest to pin this thread up

I recently realised there are 2 HLeBroking's. One is HLG Securites, and the other via HL Bank.

If you filled in the form from www.hlebroking.com (which is HLG Securites), and then go in to the bank to submit the form, the BANK will tell you to fill another form all over again because it's not the same hlebroking even though they are called the same thing from the same HL Group. Confused?

The only thing you need to bring is your IC. Charges are here http://www.hlb.com.my/ahlb_hle.htm

how to know either our acc is nominee or others? ..

---

Added on May 16, 2008, 7:00 pmI already have acc with RHB Invest and let say I want to open stock acc with HLe, I do not need to register new CDS right? I just give the current CDS no with RHB Invest. Is it?

I might change the broking house for lower brokerage fee. RHB Invest is rm28 min. HLe might attracts me. .

1 more question, if I open normal account with HLe (not intraday acc), do am I allowed to sell it on the same day?

This post has been edited by Seng_Kiat: May 16 2008, 07:00 PM

As I understand it, each brokerage company will open a separate CDS account for you.

With HLe, the same account can do both normal trade and intraday - it's just that the brokerage fee is lower for intraday.

Really thanks for the link and u list out there are 2 different type of services provided by HL Group. Do you know where can find the information about these 2 type of services?

I wonder which brokerage company manage to grab the price you wanted faster than the other brokerage company? I m using osk188, usually they cannot catch the price fast enough especially on hot counter.

The order system is centralized and quotes are queued on a first come first serve basis if entry is done during market hours. If the order entry is done off-market hours, it will be fulfilled on a random basis.

There shouldn't be a case like what you described. Only explanation is that not enough liquidity at the price you set at.


This post has been edited by Justmua: May 17 2008, 08:09 AM

Which mean it is faster to get the price during market hours than off-market hours? example, I enter on sunday to buy TMI at 7.85 (reference price). Order submitted on next Monday morning. i still couldnt manage to get it though. Once the TMI open, price shoot up to 8.30.

If you wish to buy but there is no seller at your price, how to match??? For every buyer, there must be a seller and vice-versa. It is not a matter of faster but of liquidity. So, if the minimum price anyone wants to sell is 8.30 but you are adamant about your price, no match lar... Simple as that. You either up your price or you wait lar... If price drops, you may get it. If price doesn't drop, you miss the boat.

If you want to understand price action better, go to pasar malam and see how the husewives bargain with the traders. Sometimes each party win, sometimes no deal done due to no match.

Other consideration when determined the best trading platform for yourselves...

I had open HLe... too bad for me, I cant used it at office... my company network proxy had blocked it. Take note on IT technical side too... kekeke...

Therefore, Im using CIMB iTrade now... They provide foreign trading as well...

I have a question.

I already sold my IPO share thru OSK188. Will they auto credit the money into my Maybank account or do I need to call them? I remember last time I sign a bank-in slip which allow them to bank in the money to me.

Already 4days, still no sign of the money going into my maybank account.

I would like to know how much it cost for purchasing stock online.
Hmm, like make it simple in this way.

I wanna buy share of RM1000 for long term investment, which bank/service provider charge me lower? What is the total cost after include brokerage fees?

HLE = ?
CIMB/iTrade = ?
Maybank = ?

If possible, mayb just direct the percentage they charging ?
thanks for the one who willling answer this math question, appreciate for it

nominee account good for ppl on the move,
dividend paid to nominee and then bank in to bank acc.
direct account u get cheque.
so it depends.
nominee acc no need to worry about lost cheque
good if u don't bother to attend AGM etc or to read Annual report (can download from Bursa)
otherwise get direct one.

Avoid Maybank2u at all cost. Their trading platform are very unreliable. Like today, I can't access the online trading until 9.20am; the page load so low and then time-out. After complaining to the HQ, the system comes back to normal. Lost good opportunities to grab very low shares during opening chaos.

just wanna check the hle trading got cds account to open ah??

HLE, cheap RM12 for brokerage and couple of bucks for Stamping and clearing fee (which is cheaper than your regular roti canai and Teh Tarik)

iTrade = RM28 for brokerage, same I guess for Maybank.

---

Added on May 29, 2008, 12:29 amIs this true? I asked my dealer and she said no?

Called my other remisier and she said no as well.

Like online trade, the Queue send to Bursa after 8.30am.

This post has been edited by zamans98: May 29 2008, 12:29 AM

It is because KLSE trading system only will start to accept order after 8.30am.

For online portal, I, personally think one should choose based on efficiency of the investment banks and its site. Commission rate should be the secondary consideration. You don't want to have a cheap min commission but the site always down or not efficient in carry out order which might cost you more with lose of opportunities.

I am using Maybank online trading under nominee account, was just wondering whether I will still receive offer for right issue?

also, i never receive statement from bursa, or annual report/voucher for those share i hold.... issit normal?

how bout.. trading in the US market??
do i hav to convert my RM currency to USD everytime i wanna do a acquire shares so on and so forth??
and which US stock market on9 broking site is the best..?? no options ..
pure shares only..

hi all,

new in town and thinking of opening a/c, can any one help?

asked alliance bank yesterday, they want 210rm just to open a/c

best services, lowest commision offered by which bank/broker?

thanks in advance

Thread merged.

I think most of the people here would recommend either HLebroking or OSK. Try go to more firms and ask. Share trading is based on personal preferences and NOT other people's comments.

I am using alliance securities. My reason: near my workplace. Can easily go there to top-up, take cheque, whatever..

But broker fee quite high.. 0.7% with minimum RM40 (Rm28 internet)

Are you sure Rm210 just opening AC?

CDS account cost is RM10 only, opening account, mostly free, may be another RM10 for stamp duty.

Or the Rm210 is (Rm200 for min account balance and RM10 for CDS account fee) just a opening a current account (or whatever account name that link with the trading account) with the banks for the min balance.

thank you for the thread

i think may be osk will be my pick

Thanks for all the info over here. Gonna keep all of these info up. The last step for me now is go over HLE and ask for further info.

For HLebroking, there is no branch. You can only go to HL Bank and sign the form, submit with the deposit for opnening your savings account.
After that, you will have to log into their website and register there. When that is done, print out the completed form, sign and post it to their HQ for stamping and approval. All these should be done within 21 days if I remember correctly

Any MBB online trading user can help me? i wish to open the MBB online trading account from M2U. When click inside the online stock, there have two choice 1) Maybankinvest share trading account online &
2) Aseambankers Malaysia Berhad share trading account

Which 1 is the best? or we need to open both? thanks to helping....

beware on the online trade,
since if you make mistake on the figure, no one will alert you
you need to cover your own aXs and pay brokage fee for the dealer which doing nothing!!

CIMB i-trade users,

Kindly take note:

Please take note that minimum brokerage has been revised to RM28.

Ermm..hope other broker houses won't follow CIMB in raising minimum brokerage fees.
Currently im using RHBInvest.

Any CIMB i-trade user here?

Want to ask about this:



What does it mean by withdrawal cash?

http://www.itradecimb.com/web/faqWithdrawal.asp

i have done that before.use the form to withdraw money from ur trust account

I still don't get it.

Let say, I transferred money from Maybank using the secured channel in the online trading system.

Then I bought some share from some counter.

I should settle that amount under e-Settlement right?

After that, let's say that I want to sell them out. Where's the money will be located after the sale?

Do I need to the Withdraw as stated in the earlier post?

Sorry as I'm very new to this. Please enlighten me. Thank you.

y no one consider public bank or public investment bank?

For cash upfront online trading, we normally need to deposit money into a so-called trust account. Was wondering if our money is protected in the event the stockbroker goes bust... anyone has an idea on this?

After sold off your shares, the money will deposited back into your trust account.
In case, you need to withdraw your money you can follow cash withdrawal process.

Is it relate to unit trust fund?
Public Mutual?

Post from lklatmy:
As for the money in trust account,if the money is gone,the broking house has committed a very serious offence-Criminal breach of trust.Nevertheless,that does not in anyway help you to get back your money,but you can claim from the Bursa Compensation fund and again,this will be a lenghty process.

I believe he's referring to an online trading account with PB:

http://www.pbebank.com/en/en_content/perso...hare/index.html

i wish to be involve in the share market soon. And i believe Online trading will be my 1st choice.

I have read the thread and everyone is talking about OSK, HLe and Cimb. I am currently have a Cimb i-Trade game account (which i believe simulates the real system) and i found it as average only. Java is very heavy. But uptime still ok.

Anyway i wish to ask a few questions:
1. What is the first step i should do? Open a CDS account? Can it be done in any bank including Public Bank?
2. So i understand that e-trade will be under Nominee account. What is the downside and potential problem compare to a direct account, beside no annual report and extra middle stock holder house?
3. What is the potential risk of e-trade comparing with direct brokage trading?
4. Anyone have experience using Public bank's online share trading?Because my major account is at PB so wudn't it be easier to using the e-trade system from the same bank? Or you guys still tink HLe is the best?
5. How long it takes to start from applying new e-trade account/CDS account to buy/sell share? Can be done in 1 day?
6. What document i need for the application processes?

Thanks in advance =)

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Added on August 10, 2008, 1:05 pmurm no body willing to advice me?

This post has been edited by kinkikids: Aug 10 2008, 01:05 PM

bump for question 4 in his post, i'm interesting in hearing about Public Bank's system as well

1. It depends who you want to open account with. There are 2 major category currently. One is with investment bank (OSK, HwangDBS etc), one is with normal commercial bank (Maybank2U, CIMB, etc). The distinct difference:

Investmentbank - direct account, your own CDS. Open a trading account and CDS will enable you to trade already.

Commercial bank - trust/nominee account, no CDS is required, share held under the bank name, not directly into you name. Open a trust account.

2. Not all e-trade/online is nominee account, investment bank even with online trade, they are still operate as direct account. Not much other difference in between except shares are not held under your name, unless bank go under brankruptcy, (0.000001%). You won't receive dividend directly either, trustee bank will bank into your account afterwards.

3. You mean using online compared to phone up? Mistake in key in order and might have some lag (some very good, some quite poor) in term of online orders.

4. Not using it. Can't help on this.

5. Depends on the broking. Some efficient one, 1 day (or next business day) all are done.

6. General personal document only, strictly speaking IC will be enough. But for newbie with no track record, for direct account, they might require some bank statement of financial statement to show you are financial sound. For nominee account, I don't know, may be nor required as you have to have money in account before you can trade.

Just post based on experience, might be wrong. Consult respective brokers for accurate and details informatin.

public bank
http://www.pbebank.com/en/en_content/perso...hare/index.html
public investment bank
https://www.publicinvestbank.com.my/pbswecos/default.asp

open with IE pls...


definitely not public mutual,
public mutual is
http://www.publicmutual.com.my/

This post has been edited by deity01: Aug 14 2008, 10:53 PM

Does HLB online trading portal offer the lowest brokage fee?

How much it is? Min brokage fee? Precentage wise?

hlb is not the lowest, i think apex securities is.

hlb is RM12/0.42%

how about Jupiter securities

it seems like public bank's share trading system is not famous along LYN. Anyway after considering future convenience and tested the demo system myself, i had chosen public bank's PB Sharelink rather than HLe. Will be able to start trading next week ^^

But i do hope there's some feedback on Public PB Sharelink system instead from others..

thanks cherroy btw

please ask for personal account and go to pbsec to get it ...
for more information, you can refer to:-
https://www.pbsec.com.my/

What is the different between this and public bank's Sharelink?

Do u understand chinese ?
If yes, i find the link for you.
if not, give me the time to translate into english for it

wah..you are so good man......u r better man.

ya i understand chinese...
so no need so mafan... ~_~''
(unless u wanna practice ur translation skill, haha)

This post has been edited by kinkikids: Aug 20 2008, 10:08 AM

Help me check my spelling ....
For HLBANK nominee a/c, your div wont charges for any processing fee.
This is what i know ....
But i suggest you to get PB bank ...
Reason ?
Because i plan to buy PBBANK stocks.
How come let another to earn the profit @@



This post has been edited by malaysia3g: Aug 20 2008, 12:10 PM