Its official, the new online trading rate from JF Apex Securities;

RM12 Flat for Intra Day Trades per Contract

Minimum RM5K deposit with multiplier

For more information, visit ; http://www.apexetrade.com/bin/home.asp


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Added on September 23, 2010, 10:43 amQuotes from KLAW on 14th September 2009 at 1:10am.

Just to share my experience with an online service I am using: www.apexetrade.com

General Info:
1. Nominee account
2. Using the web-based solution provided by N2NConnect (which seems to be the same software being used by Cimb, based on some user's screenshots)
3. Software is Java-based, but shouldn't be a problem for broadband users.
4. Settlement of funds via Maybank2u or Pbebank.
5. Like most online trading accounts, the balance you have (if you have any) earns a little bit of interest (not sure what the rate is).

What I Like:
1. Software features quite comprehensive. Can look at detailed stock info, stock price/volume history, charts, candlesticks, etc.
2. When buying stock, shows you the breakeven price (after factoring in brokerage+stamp duty+that 0.03%)
3. Shows you your portfolio and its performance.
4. Trading generally takes only a few minutes to enter Bursa's system from when I confirm my trade details.
5. Uptime of the site is 24 hours, and I have rarely encountered any outage. Actually I never, but I'm not on there 24 hours a day, am I? (I shudder to think of how Maybank2u users execute their trades after 12am when Maybank is 'refreshing' their system)
6. Trades outside of trading hours can be placed anytime of the day, to be queued at Bursa before trading opens. Some online systems don't allow this or they have time restrictions on when you can place trades.
7. Easy to make changes/cancel submitted trades (as long as the trade has not been executed yet, of course).
8. Each user is linked to a dealer/representative. The built-in messaging system allows you to message the dealer with any queries. My experience of this is that my queries have always been answered promptly, and always within the day.
9. Create multiple watch lists for you to manage stocks that you're interested in, so that you don't have to filter for that stock everytime.
10. Shows you your realised gains/losses over history, so that you know how well your previous trades have performed.





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Maria,

Theres pros and cons in online trading and remisier trading;

Online Trading
Pros;

Lower brokerage rates

(I copied from klaw remark on Apex-etrade)

1. Software features quite comprehensive. Can look at detailed stock info, stock price/volume history, charts, candlesticks, etc.
2. When buying stock, shows you the breakeven price (after factoring in brokerage+stamp duty+that 0.03%)
3. Shows you your portfolio and its performance.
4. Trading generally takes only a few minutes to enter Bursa's system from when I confirm my trade details.
5. Uptime of the site is 24 hours, and I have rarely encountered any outage. Actually I never, but I'm not on there 24 hours a day, am I? (I shudder to think of how Maybank2u users execute their trades after 12am when Maybank is 'refreshing' their system)
6. Trades outside of trading hours can be placed anytime of the day, to be queued at Bursa before trading opens. Some online systems don't allow this or they have time restrictions on when you can place trades.
7. Easy to make changes/cancel submitted trades (as long as the trade has not been executed yet, of course).
8. Each user is linked to a dealer/representative. The built-in messaging system allows you to message the dealer with any queries. My experience of this is that my queries have always been answered promptly, and always within the day.
9. Create multiple watch lists for you to manage stocks that you're interested in, so that you don't have to filter for that stock everytime.
10. Shows you your realised gains/losses over history, so that you know how well your previous trades have performed.

Cons :-

You need good internet connections.

Remisier Trading

Pros

-since you are a newbie, the remisier can give you lessons on trading and recomendation on types of stock that is suitable to your risk appetite.
-Take care of your portfolio like you can always tell the remisier when to sell or hold and the remisier will monitor for you.

Cons
-Expensive brokerage fees