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 Online Trading, Best online trading platform?

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post Dec 23 2010, 07:21 PM

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QUOTE(stargate8 @ Dec 9 2010, 04:41 PM)
Hi guys, i intend to sign up online trading account, but need to find out on few things

1. what are the difference for HLe, Jupiter, OSK, M2U, and RHB,
2. which of the above offer direct CDS account?
3. Jupiter offer the lowest brokerage fee, but what are the cons?

what about this ECM? is it a direct CDS account offered?

thanks
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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?
CSS
post Dec 23 2010, 08:03 PM

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Currently unable to view my total "Portfolio" with M2U, they say their "IT" is currently on "it" shakehead.gif
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post Dec 28 2010, 12:42 AM

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QUOTE(cosettamusic @ Dec 27 2010, 10:09 PM)
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?
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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 sweat.gif
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post Dec 28 2010, 02:29 PM

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QUOTE(Kcee @ Dec 28 2010, 10:46 AM)


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.

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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...


CSS
post Dec 28 2010, 07:40 PM

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Thinking to, but gotta go through all the hassle again rclxub.gif
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post Jan 22 2011, 10:44 PM

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QUOTE(smallbug @ Jan 22 2011, 08:42 AM)
pchan.. previously it was #.##% or RM8? It's an increase, then?
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I thought ECM's normal rate is 0.08% or RM12
CSS
post Oct 22 2011, 12:43 PM

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QUOTE(Blues03 @ Oct 22 2011, 01:35 AM)
I'm newbie here..I;m start invest in stock thru ECM Money..my question is..when I want to buy a stock..I can choose either wants to buy in 1st Best Buy Price, 2nd Best Buy Price and 3rd Best Buy Price..example..if a stock price rm 0.20..the 1st best price is Rm 0.20,2nd is rm 0.19 and 3rd is rm 0.18..if I put 3rd best price,is it my order will success?or the platform will wait until the share price down to rm0.18 then after that my order will match?please advise..thanks
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The volume of lots at rm0.20 and rm0.19 will have to be cleared 1st before reaching your buying volume @ rm0.18.
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post Oct 23 2011, 10:03 AM

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QUOTE(Blues03 @ Oct 22 2011, 09:45 PM)
thanks for the info smile.gif..and the number next to the price of 1st best buy price and etc is the number of lots available for the specific price rite?so the sell method also the same?
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No prob, that is correct, best of luck! smile.gif
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post Oct 30 2011, 11:35 AM

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QUOTE(primepeng @ Oct 30 2011, 02:25 AM)
how to calculate actual current reserve without trading on limit? usually I sum up both the share cash balance and the amount stated on the current account. and I doubt it's correctly done.

As I keep trading routinely, I need to keep track on actual amount of cash in the share platform so that the contra counters can be adjusted properly without triggering a force sell by the bursa system.
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Think you gotta work with your remisier, feel free to give him/her a call...

 

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