Exchange rate for foreign trading normally follow the banks or brokers rate. Typically lower conversion yield compared to normal conversion rates. You can compare the brokers online website published rates like OSK188 and compare with Star Online newspaper published rates which normally quite close to a typical Money Changer rate.

I really do advise you to get a broker/dealer/remiser assisted account compared to a full fledge online account. Reasons being you are still very new and can get some pointers from the dealer. Although you will pay more per trade compared to a online account, you will at least not be in a position of disadvantage in case you make a 'newbie' mistake. Plus you will have someone to turn to if you need any clarification and help regarding your account status.

Only after you are confident with your own trades and actions then proceed to get a full online account.

Just some friendly advice, as I've read before some newbies made some common mistakes on their online account and panic. Therefore making more mistakes due to rushed and uninformed decisions. Ultimately paying un-needed tuition fee for their own 'newbieness'. No offense intended.

Wrong thread fella.

First thing is decide whether you want to go for the AGM or not. If you really want to go then try to make it there yourself.

If you really can't make it, but want to vote on something in their proposal, then you can send a proxy/representative.

The proxy form is to register your representative so that the person can vote in your place since you can't make it.

You representative can be anyone above 18 years old I think.

It is not compulsory to attend AGMs.

Looks like you can't vote then. To be honest, I don't think it will matter anyway.

One thing you must know about dividends. Whenever a counter passes ex-date, the share price will be adjusted. A pure dividend counter price will appreciate according to the dividend announced. If the dividend announced is more than usual, it will appreciate more.

You unfortunately have bought WEIDA after the market has pushed the price up prior to the ex-date. So you actually will not reap any benefits from it. Only way to really get the dividends is buying before the market has pushed the price up, which is normally before the dividend announcement.

Suspension of trading are normally requested pending an important announcement. Not necessarily PN17 related.

IPO or Initial Public Offering is to raise money from the public for the company. After the IPO is completed, the company will be listed in the market. IPO is only for companies seeking listing in the market.

And Google is your friend.

Further help can be found at Investopedia

M2U and maybank investment banking is 2 different entities I think. M2U only helps you apply for shares and pay for it directly from your account. But it is not the entity you use to sell your share.

You need to go into Maybank investment banking website instead and log into your account.

Actually by right, you need to give your remisier the money first then he will buy the stock you want with the money.

Some remisier are nice enough to let you trade without putting any money, but require you to pay up before or latest on T+3 if you intent to keep it.

1) The remisier to will call you to inform that the transaction is done at the price you want.

2) If you bought and keep the share after T+3 (meaning you fully paid for it), your broking house will sent you a mail to show your latest holding in your CDS account.

However if you bought and sold the share before T+3, this will not be reflected in your CDS I believe.


Best practice is to credit a sum of money into your trust account with your broking house. And whenever you buy and sell, the remisier will just debit/credit your trust account. If the trust account is not enough, then you just top up when needed.

Can someone take action against this fella because of spamming every thread with this post?

I suggest reading some stock market basics from the website I mentioned,Investopedia. Do the beginners tutorial to stock market and all the others to help you understand how the whole system works. Because it's hard to explain to you the whole system here.

Theoretical opening or closing price.

Normally will show some value during trading day.

Actually transaction costs should be your lesser priority.

For online, stability and availability is much more important. So that means you can rule out Maybank online system. No offence to current users. As it's more or less proven in this forum that it fails somewhat often enough for people to notice. And sometimes fails at the worst possible moment.

RHB one looks great and nice to use, but you can only use in Internet Explorer. If you use Firefox, you need to download a IE add-on for their web-based software to function properly otherwise it won't show anything. Trend functionality limited. Have to download some software before use so it might be hard to use in the office unless you have admin rights.

OSK one is multi-platform, meaning even Google Chrome can use and don't need to download anything to use. Means you can use in office as well since it's a Java based. As long as the machine is Java updated, that means you're good to go. They have a separate software you can download if you like all those trends and technical analysis stuff with more detailed monitoring functions.


Second, convenience and ease of administration of your cash is another. Ability to bank in your money online from another bank is the most important function.


To be honest it's quite hard to know which ones you'd prefer, but I'm writing these down so you can look at different aspect of a online broker instead of just the cost of transaction or rather in this case, minimum charges.



This post has been edited by skiddtrader: Nov 27 2009, 10:58 AM

That's during closed periods I assume? Closed periods sometimes can see queues but there is no transactions, probably online testing by the system people.

Hmmm can't be testing then during trading time. Pre-market and pre close is considered active so definitely no testing.

I don't know for sure what happened then, your trading platform got lag or anything?

Are you using the one on their website or the downloaded OSK tool?

kmarc has done a wonderful guide. It is also a pinned thread in this sub-forum.

Normally your broker online trading platform will have these kind of information available for free. Though some are basic, some are more detailed.

Some companies provide these details for a fee, though some if you're a frequent trader, gives it for free by waiving the subscription fee.

Hehe I thought Maybank in terms of reliability is quite bad. But I guess the convenience won you over.

As far as I know there will be additional charges for transferring shares from 1 broker to the other. Not so sure how much though.

ALL transactions get charged commissions and brokerage fees. You cannot escape it. The only difference in selling before T+3 is not having to come out the entire capital for the purchase. Meaning its possible to buy something you don't actually have money for, hoping it will rise to earn.

To be honest, I don't see a reason why anyone would want to open a nominee account. It has restrictions and less 'perks' compared to a full account. So my opinion to anyone asking is always to open a full account compared to a nominee account. And you still pay full charges when transacting in nominee account.

Annual report nowadays all by CD/DVD already. Only upon request do you get the paperback copy.

Voucher sometimes is part of the perks holding on to certain shares like Genting for example. They give out hotel vouchers with their Annual report I think. So you're really missing on something if you dont' get it.

Being unable to apply for IPO is another BIG letdown. I remember reading a few people in the Maxis IPO thread that their application was rejected because they didn't realise Nominee account can't apply for IPO. So definitely you'll lose out a lot here.

This post has been edited by skiddtrader: Dec 10 2009, 10:44 AM