The lower the commission, the better is, but excessively encourage people to do intra-day trading is not a way to promote healthy investment habit in stock market. After all short term gain is peanut compared to long term gain. I had seen plenty of 'dead body' around especially those with margin trade and short term trade one.
The more people do with short term trade like intraday trade, the higher the market volatility is, which investment banks and Bursa are the ultimate winner of it.

This post has been edited by cherroy: Mar 11 2008, 11:24 PM

nofear0720: Thanks! 0.05% brokerage fees!!!!!

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Added on March 12, 2008, 6:18 pmAnyone used jupiter before?

This post has been edited by vaxen: Mar 12 2008, 06:18 PM

ya, anyone used jupiter before? is it new?

i am interested with jupiter and already registered .. but to sign the aggrement, is it only in KL? i am actually from melaka .. tq .

Never heard of jupiter, update us how it goes after your frist trade
hehe..

i found out in the star paper...can tell more on it..anyone have join?Jupiter

This post has been edited by gr44: Apr 4 2008, 11:15 AM

We need volume to drive the market, speculators create the perfect volaitlity to get teh market moving. Look at the market now 10 mths before and after, bearly anyone wants to trade in the KLSE.

The market is completely directionless and illiquid to begin with, no one is bothered looking at equity market.

This is after all a free market, there is only so much you can control the market and this is the only path to a mature market not guided by greed and emotion but by thinking.

Without volatility you alo expose your market to foreign institutions whom have the money to buy in to local stocks, which in the end the losers are Malaysian investors. They are free to manipulate the market at their whim and fancy.

Look at the FCPO market, BMDB has raised the initial margin rates through the ceiling to control the market at RM 15,000 per contract.

Which sane investor would dump Rm 15,000 into the market?

For locals this maybe the truth, but from what I see on my daily papaer work it seems like foreign hedge funds are having their own party! Rm 15,000 is nothing, so is losing it cause its clients money and their clients r loaded.

Yup, it is a free market.

But with only speculation and intraday trading, it won't bring the market very far, it only will lead to potential bubble in making while clients are the losing end, (only investment banks gain through commission), by then damage is more severe than low liquid market.
It is because when share price is not moving up, any gain is because other person's loss, just like futures market, it is a zero sum gain. One loss is substitute by one gain, there is no net gain in the process, in fact, it is a net loss after deducting the commission. That's why KLSE keen to promote and try to increase the volume as well apart of liqudity side. Futures is good for hedging but nowadays this derivatives product become a money making machine for investment house with people speculate on it.

It must strike a balance to have a healthy market which will only prosperous to all. Purely driven by speculation, only good for short term, long term wise, don't bring much benefit to the economy. So instead of lowering intraday commission, why not lowering across all the commission so that investors have cheaper 'loading' and increase the turnover rate as well as increase the liquidity of the market.

Volume can drive the market, but without corporate earning improvement and economy growing, volume can't drive the market higher. You need fundamental issue to support the share price to higher level. Market can be driven by volume alone.

Just my 2 cents.

did the jupiter link with maybank ? else how to pay through m2u ?

looks like Jupiter is a new brokerage firm
they are advertising aggressively to attract new customers.

I opened an account with them during the atic exhibition
they even paid the RM10 cds a/c fee for me

Hlebroking...

Rm12+0.42%+0.1%+0.03%=Rm12+0.55%...

Jupiter already is an old broking firm, just not that famous, if not mistaken.

I know this is out-of-topic, but anyone knows what is the current clearing free rate?? Is 0.03% or 0.04%?? If it is not standard for all investment company then anyone knows what is the clearing rate for public investment share?

Hows the service? Is the GUI user friendly?
Can you describe more from your usage?

Dear All,

Let say within a day, i purchase the same counter in 2 transactions:

1. (0.50 x 10000 shares) + 0.42% = 21
2. (0.50 x 10000 shares) + 0.42% = 21

Will I be charged RM 42 or charge the minimum of each transaction which are RM40 + RM 40?

Thank you.

I just received a Contract Note and noticed that Maybank has reduced its brokerage fee back to RM12 from RM40. Anyone know when this happened and why? My guess is competition had something to do with it

For a single day transaction, they will add together (for the same stock) and treat it as one contract before start to calculate the commission.

Even you buy 1000 times x with 1 lot each, you won't be charged 1000 x min commision.

Hi Cherroy,

Thanks a lot for the clarification. Appreciated.

Regards.

Guys,

I'm actively using CIMB i trade account. But i still get charged @ minimum RM28 per transaction, which mean, i need to buy RM6667 worth of share to 'breakeven'

Can i ask for further discount, maybe ask them to give me minimum RM12 like most other trading portal?

TQ

No, once they implement min Rm28, then it is Rm28 across.

The only way is switching the broker you are using.