Jul 30 2009, 10:24 PM
I'm willing to take a much lower margin in to reduce any risk that the bank might be taking on.
I can give all the research that I've done on the company.
on a side note...
Added on July 30, 2009, 10:28 pm
QUOTE(Neo18 @ Jul 30 2009, 11:43 AM)
For HLebroking, you will only be dealing with their central office. no Hong Leong branch provide stock broking department or able to advise anything on share broking/margin.
Coming back to your question, I just enquire from HL last week.
I think their webpage is outdated.
you can only trade up to 1.5x
meaning, if you put in RM10k,
you can trade up to 25k (meaning 10k your money + 15k bank money)
I find their rate not very competitive,
they are giving BLR - 1%
If you trade more than 500k, then only you get BLR - 1.75%
however, for the first 3 month of opening account, you will get 10% on all your month end interest charges, to encourage you to open account
Hope that help.
For Share margin, so far, the best is still Public Bank and Maybank
funny.. i actually called them up recently and their rate is actually 1.8x if u have share collateral and 2.8x if u have cash... but they don't want to do my business..... lol... even after I tell them i'm willing to take 0.5x only.Coming back to your question, I just enquire from HL last week.
I think their webpage is outdated.
you can only trade up to 1.5x
meaning, if you put in RM10k,
you can trade up to 25k (meaning 10k your money + 15k bank money)
I find their rate not very competitive,
they are giving BLR - 1%
If you trade more than 500k, then only you get BLR - 1.75%
however, for the first 3 month of opening account, you will get 10% on all your month end interest charges, to encourage you to open account
Hope that help.
For Share margin, so far, the best is still Public Bank and Maybank
This post has been edited by flight: Jul 30 2009, 10:30 PM
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