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 ...
Because i plan to buy PBBANK stocks.
What is Different Between Direct/Individul and Nominee a/c:-Direct a/c:- All the stocks register under your name.
- Can direct attend the AGM.
- Div cheque, anual reports, voucher, free gift send direct by related company.
- Trading limit normally less than 50K expect u closed with remisier.
- Can direct send the application for IPO.
Nominee a/c:- Stocks register under sec.
- Sec dun likes take >5% of the stocks, so sometimes we fail to buy it because the nominee acc over the limit.
- For the div cheque, sec will help u bank in ur acc but they will charger for fee.
- We need to ask the annual reports from sec by ourself. Some of them will charger for you.
- No voucher and free gift we can get.
- We need fill the proxy form before attend the AGM.
- Trading limit is higher.
- Cannot send application for IPO.
For the long term trading, we are suggest you get direct a/c, because:-
- Div wont be charges processing fee.
- Direct get the annual report, free gift and so on.
- Direct attend to AGM.
For the short term, you can get nominee a/c, because :-
- Trading limit is higher and best to contra trading.
Translate from:-
http://blog.forum-talk.com/2008/01/28/what...counts/ (Chinese version)