it indicated 0.10% broker fees ?

mean the remisier fees is lower ?

i believe 0.10% is for intraday trading. Usually normal brokerage fees is around 0.40-0.42% (depends on negotiation with ur broker).
But normal brokerage fee couldn't much lower as u mentioned above unless ur negotiation skills is excellent.

every1 shud change to hong leong ooo.... CDS FOC!!! min brokerage fees onli rm12... jus apply acc wit them... jus write form.. no need pay anything... ^.^

Erm.. i hav recently apply for the hlebroking account. Approved d but haven use it b4 yet.

They said i nid money first in the trust acc b4 i can trade. But how much is the amount needed? Eg. Lets say i wan to buy shares to the amount of rm2000.

wah...benefits quite good.
Seeing its min brokerage fees at RM12 makes me drooling liao..
remind me back last year before SC start increasing broker fees at 1st Jan 2008..

There are some investment banks complain to SC about this, don't know the outcome yet, bare in mind. If it is allowed to have Rm12, soon or later, others might follow suit as well one, and 'online trade' become a 'loop hole to reduce the Rm40 min. Let see how is the outcome.
If Rm12 is allowed, then last year budget announcement of Rm40 min become a 'joke' already.

The RM12 is more appropriate to promote investment among retailers especially small retailers.

One thing doesn't like about this trust account (HLebroking), you need to bank in the money before you can trade, it is quite troublesome sometimes, especially old timers like me, already use to trade whenever we wish.

Highlighted in Bold above. Not exactly true, all you need is the first time bank in. Once you trade, your share on hand become your collectoral, that it self with some cap value and the company allow you trade up to number times (3X) of the capped value. Only need to settle those stock that require you to pick up (T+3) like normal remisier transaction after that.

Any hidden charges besides the brokerage fees? I would consider if it's WYSIWYG.....

No hidden charge. so far, what i know is intraday trading is 0.1% and this is true because i have such trading recently and minimum RM12 other than intraday. One more thing is even more attractive is that their trust account give very good interest (abt 2%+) for any cash amount > 1000. Please call thier helpdesk to clarify if you interested.

Sori. I understand half half oni. Can xplain more using an example or in a case?

Ok, thanks for the details.
Btw, is Hleboking a trust account aka mean shares are hold by HLebroking (like Maybank case), not directly in your name? Just curious to know.

Should be, based on your input on the collateral side

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Added on February 27, 2008, 4:49 pmMean that if you have bought 5,000 worth of shares previously (now still worth 5,000 based on market price), they allow you to trade up to 15k before you need to bank in some money.

This post has been edited by cherroy: Feb 27 2008, 04:50 PM

Well, there is still additional charges(not hidden charges as it is standard charges applicable to all) like stamp duty fee(RM1 for every RM1K) and clearing fee(forgot d details liao).

Yah, RHBInvest also same. Only bank-in for first time. Afterwards based on amount available in your trading account, you can trade up to 3X times of it.
When reach T+3 days, you need to bank in money to pick up or sell it(contra loss/profit. No need to bank-in).

I'm not sure whether share that i bought is belong to me or to company(collateral) coz not sure what type of my account was.
(Note: i din asked too much details. As long as i can trade, it is fine to me.. )

The trading account opened is a nominee account and is a trust account under HLebroking, so i guess the shares hold is not direct under your name. HLebroking will act/manage on behalf of you for all administration work like Bonus issue, right isse, Dividend payment & etc. In this case you wont get the annual report and div payment direct from the registra, it all intercepted by your nominee so to speak. If i'm not mistaken all online trading in the market are in nominee account, there is no direct under your own name.



This post has been edited by smartly: Feb 28 2008, 10:22 AM

No, those online trading offered by banks one generally are nominee account.

But if you open with investment bank (securities firms) one, they are generally a direct account.

Cheers.

This post has been edited by cherroy: Feb 28 2008, 10:47 AM

Yah true, i have a direct account with OSK but my online trading is via my remisier and the brokerage is higher. Thus, i switch to HLebroking which offer much lower brokerage but of course is a nominee account.

In OSK you still need to bank in after like 3-5 days if your trust has no sufficient fund. Still need to bank in also, not like they grant extension to weeks. I might switch to HLE too.

Under KLSE rules & regulation is T+3, all must make payment, some can grant 1-2 days extension, but still need to pay mah, don't quite understand your situation.

My friend, HLebroking do provide direct account as well.
Like me, i having a direct account ( or cash account ) and nominee account in HLEbroking as well.
The fee is the same for both type of account

May i know where do you go to open a direct CDS account with HLeBroking??

So if i open a direct CDS acc with HLeBroking, then do i still have to open another nominee CDS acc for online trading?

Tq.

everything done online. However, the cds account they given cannot use to buy ipo.