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 Q&A, General question on stock market

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SUSDavid83
post Jan 20 2009, 10:05 PM

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QUOTE(T_flash @ Jan 20 2009, 10:01 PM)
So when I sell my stock, i have to pay brokerage, commission (when i trade through itrade), clearing fee, and stamp duty???

Can someone explain the number and % of each??? or it's not that many ??

Man, then if I only make 100rm, by the time it gets to me, it's like 2rm or something-_-
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It's not just charged when you sell the share. It's all charged when you buy the shares.

Among those fees, the brokerage fee (commission rate) is the largest percentage. Others are not that significant.

For CIMB i-trade, the brokerage rate is 0.42% and subjected to a min of RM 28 per transaction.
SUSDavid83
post Jan 20 2009, 10:28 PM

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QUOTE(T_flash @ Jan 20 2009, 10:20 PM)
so , normally how much price difference should it be before I sell ??

How much is stamp fee, clearing fee?? brokerage fee also charged when I buy? also sell?

buy also need to pay clearing fee??
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Things charge are exactly the same for buy or sell. The figure is different. Here're the details:

QUOTE
1. Brokerage Rate:
  a) Internet trade: Negotiable subject to a minimum fee of RM28 for normal stocks/warrants, RM2 for bonds/loan stocks and RM12 for counter ABFMY1
  b) Non-Internet trade: i) 0.7% if Contract Value is equal to or below RM100,000 subject to minimum fee
      ii) 0.5% if Contract Value is above RM100,000 subject to minimum fee
      iii) Minimum fee is RM40 for normal stocks/warrants, RM2 for bonds/loan stocks and RM12 for counter ABFMY1
2. Clearing Fee: 0.03% of Contract Value subject to a maximum fee of RM1,000
3. Stamp Duty: RM1 for every RM1,000 subject to a maximum fee of RM200

Quoted from HwangDBS


Roughly the same if you're not involving very large volume or large monetary amount.

What price is to sell could be determined with a very useful tool called breakeven calculator. Usually your trading platform should provide this. For i-trade, click on the Calc button to determine your breakeven price. There're 3 sections. It could determine your gain or loss too. I don't like it because it doesn't show the money involved. I prefer HwangDBS tool: http://www.einvest.com.my/nettrade/forum/f...fromsidebar=yes

Besides, when you buy a share, the Buy menu in i-trade has calculated for you what is your breakeven price.

SUSDavid83
post Jan 31 2009, 06:58 AM

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DJIA lost 150 points:

8,000.86 -148.15 -1.82%
SUSDavid83
post Apr 27 2009, 12:03 PM

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I think they'll lump the brokerage charges as one for multiple buy and sell on the same trading day.

This post has been edited by David83: Apr 27 2009, 12:04 PM
SUSDavid83
post May 8 2009, 11:01 PM

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-deleted-

P/S: Wrong thread

This post has been edited by David83: May 8 2009, 11:02 PM
SUSDavid83
post Feb 19 2012, 10:24 PM

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QUOTE(Shahren Musa @ Feb 19 2012, 10:21 PM)
Hi All Forumers

Is there any software etc that we can trade real time thru Bursa without using real money?
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Demo? Simulator?
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