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.

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.

CDS account is attached with respective brokers.

If one open CDS with ABC broker, then all shares traded under ABC broker will keep or withdraw through this ABC CDS. You can't transfer the ABC CDS to another broker house to use. So if one wants to trade using XYZ broker then one has open another CDS with XYZ broker.

The first 3 numbers of your CDS is indicating (xxx-xxx-xxxxxxx) which broker house of the CDS account is attached with. Bare in mind also. shares in CDS account can't be cross linked. So even you have TTT stocks in ABC CDS, you can't sell through XYZ broker, as XYZ broker has no access to ABC CDS, even though both account is under your name.

So if you want open an account with HLebroking, then you have to open a CDS with HLebroking, unless you have open one before with them, then don't need.

This post has been edited by cherroy: Jun 15 2008, 10:16 PM

sorry tumpang thread, what is CDS ?

for question 1
do i need to apply new CDS account for hlebroker?

for question 2
u mean view or access with my existing hlB account or need to open a new account for hlebroker?
also
is it provide real time stock price?

for question 3
what u mean 0.42% brokerage fee + 0.03% + RM1 per 1000 RM?are u mean 0.42 charge by broker and RM1 for every RM1000 trade?
how about the 0.03% for what?
any charge for if no use?

This post has been edited by jiant: Jun 15 2008, 11:50 PM

1. I repeat - 'they will do everything that needs doing', including opening a CDS account, for you.

2. Your existing HLB online account will have access to another option HLeBroking (after your application has been processed), and this option gives you access to real time stock price. They will do this for you too.

3. 0.03% = clearing fee, for each buy/sell. No use, no fee.

0.42% brokerage fee - this one go into the broker's pockets. Different broker different charge.

0.03% clearing fee - this one go to Bursa Malaysia's pockets. Same charge for all broker.

RM1 for every RM1000 - this is stamp duty. Go to the gamen's pockets.

thank u for u help...

1. u mean i only need to apply for hlebroking then they will settle all for me include CDS account?

2. u mean i can use HLB online to access my current traditional "saving account" open at bank?
and also
HLebroking account(with the option HLebroking at hHLB online ?)and i can get real time stock price for free?

cheroy,

Technically you are right, however i have tried to use CDS account from OSK to purchase IPO using CIMB click. The IPO share then can later be sold using OSK account.

I didn;t get charge by CIMB Click account but i did with OSK.

regards

I am told that I couldn't transfer money from SharesDirect account back to Saving account without informing them thru the phone (nope I can't transfer them back using online banking, but I can transfer from Saving account to SharesDirect) zzz

I found that this is ridiculous, if I have to call them to do this, means I don't have my banking privacy.

In what way do you mean you don't have banking privacy?

umm.. means they know how much amount i want to transfer back to my saving account :-D

ahhh ok. Uhmmm ok then. hahaha I'm still trying to figure out whats the bad thing other than they know though. Since bank tellers basically know whatever I do at the counter.

Anyway, I guess different people have different limits to what they feel as privacy intrusion.

Because you are not using CIMB to trade, you use CIMB as a platform to apply for IPO only (as a service), so the shares are credited into your OSK CDS account because you use OSK CDS to apply or as you indicated in your application. IPO underwriters or issuer will look at the CDS account number (as in the application form) to credit the share, disregard where the application come from.

During sign up, they told me we need to call them to transfer back money from share direct account is because they will have a better control and validation before they made the transfer. They dun want we accidentally withdraw the money and cause the remaining balance insufficient to hold share after T3.

i just applied a CDS account with Hong Leong, however i was fail to buy as it indicated i have RM0 cash in account.
I am in hurry to buy a counter, so should i deposit money first?

as previously i dunno need to deposit any money first when i was with public investment bank. Now decided to switch here for cheaper brokerage fee.
Any idea with what to do now? if i wanna bank in money, which account should i bank in to?

Btw, additional question, not an issue if i have multi accounts with different brokerage house, right?

You need half the amount deposited into the SharesDirect current account first. eg if you want to buy RM10,000 of shares, you need a balance of RM5,000 in the current account.

No.

In this case, i have no saving account in HL, so how should i bank in money to them?
Just bank into the general account, and update them on this or ... ?

You should have an account known as SharesDirect current account (name may have changed recently) specifically opened at the same time as your shares trading/CDS account for this purpose, ie to pay for the shares.

If you have just applied, the SharesDirect account may not be ready yet. But once you have the account number. you should be able to deposit into it like any normal account, either over the counter or via internet transfer.

This should all have been explained to you when you applied at the bank branch. Did you apply at a branch or did you go through online application with HLG Securities? in which case the process may be quite different.

actually i just applied thru online, later i downloaded a form from internet and send it to HLG via post.
Following, they call to inform me regarding the account is been activated. Now i think i k make ePayment via Maybank2u to my account, so that i may have bullet to trade

There are some differences if you applied online (compared to applying at a branch), I'm not sure exactly what. You need to check with them.

can some HLebroking user tell me, HLeBroking brokerage fee is per transaction basis or per counter basis ?

All trades should be counted per counter basis.

Ya, i email them yesterday for the question i posted here.
their answer is, it is based on counter basis at the end of trading day.
so at basis of RM12, i think HLeBroking is very friendly to use.

Beside, it is providing mobile trading, where make my life easier where i k check my order status on the move.
thanks to technology

Can anyone help teach me how to check our owned shares in HLEbroking?

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Added on September 5, 2008, 5:27 pmBesides that, can someone briefly explain what is Settlement and what does Auto-Pickup means?

This post has been edited by speedguy10: Sep 5 2008, 05:27 PM

Click "Trading Info" at the lower right of the screen. It will show all the share you currently own.

Any purchase & sell would require T+3 for settlement, a normal practise to all brokers.
Auto-Pickup only apply to purchases i think and as it name imply it will perform an auto-settle when T+3 due and there is sufficient fund in your account..

@fyseng & smartly,

I've been asking around the same question at other places and get ignored. At last you 2 reply me and really thanks for your reply, really appreciate it.

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Added on September 16, 2008, 2:08 pmI still can't find it. Can you please give me a screenshot of this?

This post has been edited by speedguy10: Sep 16 2008, 02:08 PM

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u mean no monthly fee and etc....how about if i no trade for certain time?

is it mean can't get the dividend from the share i buy that got annual dividend??

This post has been edited by jiant: Oct 28 2008, 09:17 PM

No trade also never mind one. No monthly fee one.

No, you still get the dividend, just the dividend cheque is not sending to you directly, they will send to the nominee ie your broker house then your broker will bank in the dividend amount afterwards to your account.

thx a lot...u mean no expired date if no use for certain time??

and what u mean with
you still get the dividend, just the dividend cheque is not sending to you directly, they will send to the nominee ie your broker house then your broker will bank in the dividend amount afterwards to your account.

ar u mean i can get the dividend but with more longer time for it to bank in to my account??

question,
is it possible to open hlebroking with basic saving account?
because i would like to skip paying the ATM annual fee.

Sorry for the late reply.

Yes, no expired date one.

Yes, probably depended on the efficiency of respective broker house, shouldn't be more than a few day lag.

i'm not sure about HL...... but isnt it normally for a commercial bank, u can link ur saving acc with ur trading acc one? i heard CIMB is doing so.... may b u need a hlebroking user to answer u

You need to open trading acc as well. Then, you need to link both acc together. I think you need to pay for the ATM annual fee as well if you're to use it.

1. what to be attach along with the form if apply via mail?as i know open with HL Securities got 3% dividend...(is it count daily or monthly)??

2. what different if register Shares Direct account (under HLB) and under Hong Leong Securities?
is it register Shares Direct account (under HLB) can only get 1% Dividend. and however register under Hong Leong securities can get 3% Dividend?is it count dayly or monthly any other different?

3. do i need to have a Hong Leong Saving A/C in order to transfer the fund into trust A/C or just need HLebroking..?

4. if i got CDS account under other securities company can i use it on hlebroking or still need to use dominee A/C come with HLebroking???

5. what is day trade?can i get day trade 0.01% if i buy 15000 unit and sell 11000 unit within the same day?

6. what the process with the stock trade?except the commission 0.42%?

i've open a basic saving account for min deposit of rm20 (stress this to the teller, else they'll tell you it's 200 for the deposit)
rm5 is charged for the ATM card, no annual fee

today, i've applied hlebroking over the counter which linked to my basic saving account, no charges,
now i'm waiting for application processing now.

The application will only take 1-2 days and you can trade after that. By the way, ATM card fee is RM8 not RM5.

the teller only requested rm5 from me for the ATM card

what means intraday trading? how they apply 0.10% on it?

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Added on November 19, 2008, 12:33 amhow to know the amount of dividend will be given? when? if without the notice from our broker

This post has been edited by twyeoh: Nov 19 2008, 12:33 AM

intraday means u buy & sell on the same day
div? u'll get the cheque wic will be posted to u... as for the news on the div, normally they'll announce it together wiz the release of their earning report.....

Dividend payment depend on account that you open :-

1) Nominee account - dividend will be paid direct to your trust account
2) Direct Account - dividend will be posted to you

is it register under HLB only 1% dividend for credit balance in trading account above Rm 1000...but 3% if register under HLGs?any other different??

i would like to ask if i pick up a share , i have to pay broker fee. but , after that i sell the share, i need to pay broker fee again ? thanks

buying or selling both involve brokerage fee...

Eh actually, why in my HLEbroking it says 0.7% for brokerage fees one?

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Added on December 5, 2008, 8:42 amTinkered around with it, there's an option to update the rates shown in the profit/loss calculator

This post has been edited by eltaria: Dec 5 2008, 08:42 AM


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HLE sounds interesting. i shld hv read this thread earlier.
minimum brokerage fee 12 for online right? if via remisier how much the brokerage charges? as my hometown don't have HLe broking branch.

It is 0.42% or min RM12 for both online and call. Call mean, you call the dealer to make the purchase.

okay thanks attractive.
I read through LYN stcok exchange lots of Hle customer here.
some mention about got dif between HL security and HL bank, what is the dif ? is that mean I can open acct. in HL bank?
how bout interest offer by both entity?

Did you receive a hardcopy statement after T+3 ? It mentioned there the brokerage is 0.42% or RM12 whichever is higher! I'm not too sure why it showed 0.7% in your case. Did you check with the dealer ?

It's actually 0.42% just that by default, the ebroking system profit and loss calculator shows 0.7%

I've since updated it to show 0.42% now.

But i've been experiencing some frequent service down lately. Speaking of which, it's down now too.. wonder what's up with them.

I'm okay. It only down for half a day i think last week. But this week, it is okay.

a newbie question: if i already have a CDS a/c with another stock-broking firm, can i use that CDS a/c to sign up with HLEbroking or have to get a new one?

No, cannot, you must open a new one.

CDS is attached with respective broking house, can't cross linked.

You must open a new one. That mean you will have two CDS acc.

Anyone here have a Direct CDS account on HLeBroking instead of a Nominee CDS account?

I currently have a Nominee CDS account with HLeBroking, so is it possible to have it converted to a Direct CDS (dun mind some nominal fee) or have both Nominee and Direct CDS account linked to my HLeBroking?