That's why i was asking how to open a direct CDS account..the one that will enable me to buy IPO shares.

Last time i called them up, they said need to meet personally to sign some document for the opening of normal cds account. However, for the apexetrade, they will mail some document for you to just "sign" and resend them back .

I didn't have to go there personally. HL eBroking also pays you FD rate for idle fund in the trust account, if it is more than RM1K.

Pretty good broker...

That's not what I was told - I was told the interest is 1.x percent. It's a worry the person couldn't be more precise (probably a new employee) but that reminds me to check again.

Also an info sheet I got says "Interest on Credit Balance" but didn't specify what it was. Probably subjected to change without notice.

But it's an interesting approach - it makes people more likely to keep their funds in the account and spend it on buying more shares. More profits for them.

hle is perfect, the only down side is that they only allow 2x trading limit whereas apexetrade have 4x and cimb have 3x

thats because they dont want you to win or lose too much hehe.i use hle too

lol. thats true also.... In the positive side, can gain 4x, negative side, can lost 4x.

but stocks purchased under here is still just under a nominee account rite?? is it safe?? i mean like wat if something happen to the bank, we havign nominee account sure rugi lo since we do not really have "absolute" power on the shares we buy

aiya, can't believe HLE don't have something as basic as putting in a sell/buy order with a VALID-UNTIL date.

Open account with RHBInvest, the direct CDS acc with Bursa is FOC.

I had a CDS account. But I never trading for almost a year. I think I had lost the letter with no pin together. Is that alright to renew it with HLbank? Any additional charge to open a CDS account there?

DOnt think you can renew CDS account. CDS account attached to respective broker firm. You will need to open new one with the new broker firm (HLeBroking, Maybank, OSK, Apex & etc..)

i hav CDS account...no use for long time and i think it's no active now..

1. what can i do..can still apply for hongleong ebroker?how?

2. what the benefit?can i get real time market price for free?how about other benefit?

3. i know got service charge when trade share...how about other fee?is it free
except the commission when trade?

This post has been edited by jiant: Jun 7 2008, 11:00 PM

Today, I've gone Hong Leong bank to open accounts for Online Trading. This was my first step in Stock Exchange Market, hope i can gain some pocket money here

Sifus here must guide me

Why do you all like HL ebroking? Is it because it offers the lowest brokerage fee?

How is their trading platform? User friendly? Powerful features?

Also I see people mention about choice of direct acc or nominee acc. Which is preferable?

This post has been edited by jchong: Jun 12 2008, 04:04 PM

Personally I would advise people to go for direct acc and choose the broking firm that are convenience for you and provide better service one. Brokerage fee is not differ much in between broking houses, just a little tiny bit only sometimes.

which are the banks tht provide direct acc ?

some body can give me answer...need help pls.

If you still have the CDS number, check it with the Bursa to see if it is still active.

1. Just go to HL bank with the CDS number and ask information counter

2. I not sure. i use OSK and RHB

3. All trades have service charge + stamping duty. I am not sure for HL because i dont use them. I prefer to talk to my broker on trades that i am doing and to compare other market shares such as Hong Kong, Singapore before i buy them. THis is because Malauysian share market are mainly reactive to other markets.

This post has been edited by georgechang79: Jun 15 2008, 07:32 PM

1. Go to a HLB branch with sharebroking section (not all branches have this), and they will do everything that needs doing for you free of charge.

2. Yes, you get online access with your account, which allows you get info and buy/sell real-time. Their system is quick and has all the essential info, but lacks the capability to enter VALID-UNTIL buy or sell orders. All orders expire end-of-day, and have to be re-entered each day. Feature will be included in a upcoming release of the software, I was told.

3. 0.42% brokerage fee + 0.03% + RM1 per 1000 RM.