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Brokerage Fee, effective on Jan 2008
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TSVv.SoViEt.vV
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 Jan 1 2008, 02:51 PM, updated 18y ago
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QUOTE 31-12-2007: New stockbroking commission rate effective Jan 1
by Joseph Chin
Email us your feedback at fd@bizedge.com
KUALA LUMPUR: Commission rates for Internet trading and cash upfront transactions will be fully negotiable with effect from Jan 1, 2008, the Securities Commission said.
"The commission rate for non-Internet and non-cash upfront transactions will remain unchanged but with a minimum brokerage charge of RM40 for these transactions," it said on Dec 31.
The SC said this initiative was under its objective to move towards a more deregulated, competitive and vibrant stockmarket environment.
It said these new measures would allow brokers to provide customers the choice of the cost-efficiencies offered by Internet trading and the personal and customised service offered by dealer representatives.
"This creates an environment which ensures that the pricing of services are appropriate to the level of services rendered.
"Overall, the gradual deregulation of pricing structures is intended to provide industry the flexibility to offer greater choice to a broader range of customers as well as to create a more competitive environment for the provision of intermediation services," it said. How do the internet trading (investor) negotiate with brokerage house about the brokerage fee? how much will it be? best rate for internet trading? All stock investors are welcomed to share ideas. |
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jcvstlys
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Jan 1 2008, 05:21 PM
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If you got a lot of $$ then can negotiate for lower fee. But min will still be RM 40.
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12bDreamChaser
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Jan 1 2008, 06:28 PM
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New Member
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day trader can easily get charged with lower fee???
This post has been edited by 12bDreamChaser: Jan 1 2008, 06:28 PM
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TSVv.SoViEt.vV
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Jan 1 2008, 07:49 PM
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For OSK Online trader, QUOTE ANNOUCEMENT
Revision on Clearing Fee and Brokerage Rate effective 2nd January 2008:
Clearing Fee
Bursa Malaysia Securities Clearing Sdn Bhd has revised the structure of the clearing fee for the sales or purchase of securities as follows:
1. Novated contracts - 0.03% of the contract value subject to a maximum of RM1,000 per contract.
2. Direct business contracts - 0.03% of the contract value subject to a minimum of RM10.00 and a maximum of RM1,000.00 per contract.
Brokerage Rate:-
1. Cash Upfront Trades
Fully Negotiable (for administrative purposes, we have set in our system the brokerage rate at 0.60% for transactions below RM 100,000, 0.3% for transactions above RM 100,000 with a minimum brokerage of RM28)
2. Online Routed Trades (ECOS)
3. Trades executed less than a board lot
4. On any other transaction RM40 http://www.osk188.com/page.jsp?name=RateRevision |
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12bDreamChaser
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Jan 2 2008, 12:09 AM
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New Member
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QUOTE(Vv.SoViEt.vV @ Jan 1 2008, 07:49 PM) actually brokerage fee of 1,2 n 3 are negotitiable according to the web page... not only cash upfront trade...  jz to make it clear.. 
Added on January 2, 2008, 12:14 amif a osk online trader trades... let say RM3k, his brokerage fee is= 3000 * 0.6%= RM18 ?? or hav to pay the minimum fee (RM40) ???  This post has been edited by 12bDreamChaser: Jan 2 2008, 12:15 AM |
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kwl2002
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Jan 2 2008, 01:57 PM
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New Member
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QUOTE(12bDreamChaser @ Jan 2 2008, 12:09 AM) actually brokerage fee of 1,2 n 3 are negotitiable according to the web page... not only cash upfront trade... jz to make it clear..
Added on January 2, 2008, 12:14 amif a osk online trader trades... let say RM3k, his brokerage fee is= 3000 * 0.6%= RM18 ?? or hav to pay the minimum fee (RM40) ??? transaction figure : RM3000 brokerage fee = 3000 * 0.6% = RM18 but min brokerage is RM 28 for online order and cash upfront account, so brokerage fee is RM 28 clearing fee is 3000 * 0.03% stamp duty not change. |
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cherroy
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Jan 2 2008, 02:13 PM
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20k VIP Club
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I had heard majority of the online site impose a RM28 min, mine one also Rm28. Commission rate remains the same at 0.42%.
Anybody got other rate or min amount? Somebody posted Maybank impose a Rm40 even for online trade.
This post has been edited by cherroy: Jan 2 2008, 02:15 PM
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bryon
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Jan 2 2008, 02:46 PM
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jfapex and hlebroking - rm12 min brokerage
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cherroy
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Jan 2 2008, 02:50 PM
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20k VIP Club
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QUOTE(bryon @ Jan 2 2008, 02:46 PM) jfapex and hlebroking - rm12 min brokerage It is confirmed still the same? no adjustment? |
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kwl2002
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Jan 2 2008, 03:02 PM
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New Member
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QUOTE(bryon @ Jan 2 2008, 02:46 PM) jfapex and hlebroking - rm12 min brokerage u comfirm? i found nothing from their website. no update, announcement and news. osk charge is sure RM28 for online and cash upfront account Rm40 for normal trading. |
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sochaiapk
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Jan 2 2008, 03:11 PM
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Getting Started
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TA Securities. Online Trading . Minimum brokerage =RM12
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cherroy
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Jan 2 2008, 03:13 PM
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20k VIP Club
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Based on lastest input,
RM28 min for online transaction:
OSK
HwangDBS
RHBInvest
I might be wrong, just getting some information through fellow forumers. Thanks for those contribute the information.
This post has been edited by cherroy: Jan 2 2008, 04:53 PM
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keith_hjinhoh
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Jan 2 2008, 06:49 PM
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Cash Upfront Trades here refers to what?
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low yat 82
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Jan 2 2008, 07:53 PM
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yup.. rhbinvest is rm28
wa... hlebroking - rm12 min brokerage??? confirm ka??? if like that, wanna change broker house d....
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KingRichard
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Jan 2 2008, 09:44 PM
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anyone got info on maybank? too busy today at work to make the call...
if change brokerage house, can we transfer the shares, or have to sell off first?
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keith_hjinhoh
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Jan 3 2008, 01:08 AM
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QUOTE(keith_hjinhoh @ Jan 2 2008, 06:49 PM) Cash Upfront Trades here refers to what? anyone free to reply me?  |
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kwl2002
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Jan 3 2008, 09:11 AM
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New Member
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QUOTE(keith_hjinhoh @ Jan 3 2008, 01:08 AM) anyone free to reply me? Cash upfront account is another type of trading account, the trading limit is base on how much money inside. i.e. u put in RM1000, then u only have buy limit RM1000. normal trading account is RM1000 get buy limit RM2000 or RM3000, depend broker firm. |
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KingRichard
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Jan 3 2008, 03:59 PM
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maybank commission through broker/remisier is min rm 40 per transaction
online is 30% discount - so rm 28 min per transaction
commission rate remains at 0.49% for online transactions
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dEviLs
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Jan 3 2008, 04:57 PM
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QUOTE(greddym3 @ Jan 3 2008, 02:54 AM) mine still rm12 itradecimb  i just called them and they told me it's RM28  |
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