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 Brokerage Fee, effective on Jan 2008

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ks3114
post Apr 30 2009, 06:57 PM

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QUOTE(lovelypastels @ Apr 30 2009, 04:17 PM)
whats the online brokerage rate for public bank now? i know CIMB has the RM8.88 brokerage but then must put in cash RM10k into account at all times. Maybank still has the promotional RM8.

Public Bank's rate still at RM12?
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Maybank's RM8 promotional rate is only for their Cash Trading Account. It doesn't apply for their Margin Trading Acc.

Means u need cash in the account before u can even queue to buy.
ks3114
post May 2 2009, 01:29 AM

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QUOTE(kb2005 @ May 1 2009, 11:21 PM)
You mean 1 to 1 ?
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yes.

Oh ya, on a different note, you can't purchase Maybank shares if you use the Margin Trading Acc. Can any1 confirm if this is true?
ks3114
post May 3 2009, 11:24 PM

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QUOTE(teewan @ May 3 2009, 07:56 PM)
Yes, margin account cannot purchase Maybank shares, and at least also cannot purchase shares with an exclamation mark "!", eg PN13 shares etc.

With cash account, I think all shares can.
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Oh ya, and also certain type of warrants and derivatives too. Maximum lots you can purchase with margin acc is 500 lots (500x100) only. Is it the same with cash acc too?

 

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