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

It is confirmed still the same? no adjustment?

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

Confirm? which online portal are you using that got Rm14?

I heard that they need to implement the RM28 across (RM40 then internet trade give 30% become Rm28). If HL still giving RM12 then a lot of others investment house will complain to SC. So let wait and see.

Agree & disagree.

I fully agree investment house should be free to charge whatever commission they like, to promote free market and competition which will only benefit both side ie. investment house needs to be competitive to stay on business while consumers get the lower charges.

I disagree on the part HLebroking is charging at RM12 while others Rm28. If really want to have healthy competition around and just like recent abolishment of minimum commission rate (previously 0.42%) why bother to set or push higher the minimum of Rm40 & Rm28, the previous min Rm12 is fair enough and investment houses don't have much complaint about it.
It is the gov move that contradicting itself. If really want to have a mininum of Rm28 then should set across, otherwise, when this is allowed then soon after others will be lowering back to Rm12, then what's the point of previous RM40 & Rm28 set? It become violating the gov & SC rules already (not to say this RM40 and RM28 is good, just it contradicting itself)

So either set across all the same or let them set their own. Currently scenario (HLebroking case) is in between. If it stay like this for HLebroking case without reprimand by the SC/gov, gov become 'no face' already. (some sort like you can set whatever you want, (HLebroking) still can slip through the loop hole)

This post has been edited by cherroy: Jan 12 2008, 02:03 PM

Welcome to Bolehland, get use to it already.

SC/gov only come out the statement on 31 Jan (afternoon some more) about the new rules which going to applied on 2008.

This line doesn't sound good.

Just afraid when all 'fish' are into the net already, then close the 'net'. Just my guess.

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

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.

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

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.

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

The only way is switching the broker you are using.

What I meant volume is those 'goreng' volume in the market which is artificially make up by those syndicate. Those volume is purposely drive up the share price only in order to lure people into it or as a bait which has nothing to do company fundamental.

It is the first time, I heard long term buyers are the one causing bubbles.

Historically proven, it is those speculators are the culprit for those bubbles making range from 2000 tech bubble, US subprime, China stock market bubble recently. Those bubbles are being created by greed of people/investor/speculators. Those speculators keep on buying because they anticipated price will go even higher so with buying continous pile up so does share price, commodities price etc. They don't care about fundamental or valuation as long as there are takers/buyers at higher price then they can make profit out of it. And with easy profit and this cycle role on, bubble become bigger and bigger until the bubble is too big and can't sustain then bursting, then all bloods across the street, just like subprime recently causing massive billions and billions of loss on banks and investment banks.

Long term investors don't mean they won't sell, but mean they intend to keep it for long term in the first place when initial buy. They are not the one going in and out of the market frequently which reduce the volatility of the market. In fact, they are the one cuhsioning the down trend effect and stablise the market.

Long term investors don't mean they are buying blindly also which create buying force that create any bubbles. They generally look for value as it is meant to keep for long term.

Another point is long term investors doesn't mean they fall in love with the stock forever, when profit is enough or see price way beyond the fundamental price then will sell to realise those profit.
Typically case would be Warren Buffett that everyone knew he is a long term investors, but he still sold petrochina shares he owns previously because he saw it is too expensive to hold on already.