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 Q&A, General question on stock market

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Malefic
post Jun 22 2009, 09:33 PM

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QUOTE(Ranny @ Jun 22 2009, 05:43 PM)
Dont you have a fren working as a remisier or having a fren tat can recommend you one? Usually a remisier wont accept stranger. If you want to give cash as deposit upfront, then i would advise you open an online trading account. The brokerage is way lower than those charged by remisiers(0.6% per trade).
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I beg to differ hmm.gif If a person don't know any remisier, he just have to visit the stockbroking firm or call their hotline and the customer service officer will find one for the customer. Sure, a few remisers might decline to accept the customer (especially if the new customer is newbie, student etc) ... but there's always other remisers eager to accept new business.

This post has been edited by Malefic: Jun 22 2009, 10:35 PM
Malefic
post Jun 22 2009, 11:02 PM

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QUOTE(Ranny @ Jun 22 2009, 10:41 PM)
those remisiers that are going to accept new business must be those who will ask u to put a deposit certain money with them and giving you 3x trading amount. That's not much difference than opening an online trading account where you can get much lower brokerage fee(eg HLeB 0.38% only). I have never came across any remisier willing to accept a stranger without any conditions in the name of accepting new business. If you're without any recommendation, you are not likely going to get a remisier. If you dun believe me, you can try walk into any stockbroking firm asking any remisier whether they need new clients and letting u play contra as you like..

I am telling you from both perspective. I nearly became a remisier in 1998, and when you're in my position, you will understand the importance of the deposit money put in by a remisier into the stockbroking company.
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Hmmm, but this is how I got a remisier from HDBS.

1. Go to their website and fill up a form
2. one of their remisiers contact me for appointment
3. go to their office to fill the forms and sign

Mine is a normal trading account. No deposit needed ... just need to pay up by T+4 noon latest.

Furthermore, she's commission based, not a dealer rep, with 15 years experience.

Of course, they'll first check my name to make sure it's not in the stockbroker's default list.

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