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 hong leong ebroking, anyone call me more about this ?

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sam85
post Jul 27 2008, 05:29 PM

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From: Kepong



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?
sam85
post Jul 27 2008, 09:01 PM

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From: Kepong



QUOTE(howszat @ Jul 27 2008, 08:50 PM)
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.
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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 ... ?
sam85
post Jul 27 2008, 10:50 PM

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From: Kepong



QUOTE(howszat @ Jul 27 2008, 09:49 PM)
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.
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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
sam85
post Jul 29 2008, 08:35 PM

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can some HLebroking user tell me, HLeBroking brokerage fee is per transaction basis or per counter basis ?
sam85
post Jul 31 2008, 01:05 AM

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Joined: Nov 2005
From: Kepong



QUOTE(smartly @ Jul 30 2008, 05:08 PM)
All trades should be counted per counter basis.
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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 rclxms.gif

 

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