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 OSK188, opening trading account

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skiddtrader
post Oct 27 2008, 09:12 AM

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QUOTE(stupid @ Oct 24 2008, 01:25 AM)
no nid any deposit for online account?
jz nid register fee rm10?
the share brought once u orderer or after their received ur payment within t+3 day?
if the share brought after ordered,what maximum fund allowed?

can buy "empty" sell "empty"?
eg,abc share brought at 1.80 on 1/2/08  <-before t+3 day,havent paid
      abc share price at 3.80-  on2/2/08    <-before t+3 say,haven't paid

can i sell abc and get the profit gap?
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Normally you have to prove you have some money first before they allow you to do that. So an initial deposit is normally required. You can't expect them to let you trade empty handed wihout knowing if you can pay.

After a few trades and a few successful payments, they will allow you some credit if your payments have no problem. If all your transactions are big and your payments are good, they will relax the rules further for you. Depends whether you are a good client or not. Quite subjective as some people get bigger credit depending on their trading style.
skiddtrader
post Oct 20 2009, 02:31 PM

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QUOTE(feiming @ Oct 20 2009, 11:32 AM)
is broker fees a flat rate of rm28?
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There is no flat charges in brokerage fee. Most prices you see quoted here are all minimum charges.

Why people concern with minimal charges is because they trade in small amounts and their brokerage charges calculations are always below the minimum amount. If you always trade above minimum amount, then it is meaningless to you.

Any transaction where charges are above the minimum are based on percentage of transaction.


Example:

For transactions;

RM5000 x 0.42% = RM21 but you will be charged RM28 (minimum)

RM10000 x 0.42% = RM42 is you brokerage charge (because RM42 is higher)
skiddtrader
post Mar 9 2010, 06:57 AM

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I use OSK for about 2 years already. But since I don't trade with their online interface, I don't face this problems so far. Hope you get to resolve you problem David.
skiddtrader
post Mar 16 2010, 11:18 AM

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chianping, unfortunately David was served a gag order from your company leh.
skiddtrader
post Mar 17 2010, 08:32 PM

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chianping, i think it's admirable you try to do what you can to help the forum members. Rest assured you are not to be blamed for whatever happens. And don't take any offence that some forummers are angry at your company although you are part of the company. Sometimes you can help and sometimes you can't.
skiddtrader
post Mar 24 2010, 05:46 PM

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I just got a mail saying OSK from 26th onwards, will provide an interface which would allow users to directly issue orders to Bursa system instead of going through dealers hands. Any thoughts?
skiddtrader
post Mar 24 2010, 08:18 PM

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Thanks for the info David.

Yeah, I never trade online with OSK before, so this is new to me. I normally go through my dealer.

Since I rarely queue for my orders, I wondered how it would affect the queue since other people are still placing their orders via their dealers. I normally assume since I called my dealer to place an order, their terminal is direct to Bursa system therefore it's faster and more reliable. Also they will tell me whenever the order is transacted. So I rarely depend on my online interface other than to check prices and movements.

Does this mean if you place an order yourself through your interface, your remisier is not aware of it? Since it is not through them anymore.

skiddtrader
post Mar 24 2010, 09:30 PM

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QUOTE(David_Brent @ Mar 24 2010, 08:41 PM)
No. That's the joke of the whole system. Without my remisier, I would have been lost - so she is still in the loop - and seems like they are monitoring the trades.
Can you imagine? You key-in a trade and the system shows 'RECEIVED' or 'REJECTED' - but then, nothing happens. Have you traded, or not?

Who are you going to call? The technical support guys at OSK188?? I don't think they will have a clue what your problem is. You will still have to call your remisier to sort out the mess the OSK system creates.

shakehead.gif

If they try to take the remisier out of the loop (as I suspect they want to do to save costs -lah) it will be even more of a disaster than it is now, 'cos you have no one to assist you IMHO.

For example: I updated my ABP on Monday to reflect the HAIO share split and BI - so my account page would show the correct information. That doesn't work either unless you call tech-support - who change it manually for you and then pretend the system is working correctly. sweat.gif

These people are unbelievable...... rclxub.gif
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Wah ok. I never really fully utilised their system since I don't use their interface other than to monitor prices.

So far I only deal with my dealer directly by phone for any trades, since I don't really bother looking at the screen everyday. I just call for an order, and they will update me via phone/sms about whatever. Never tried buying or selling via the online trading interface for OSK even though I have an active account with them.

Thanks for the feedback David. I was just worried that I might have to use the online system without the knowledge of the dealers. I rather have 'human' interactions in my transactions. As long as OSK still allows me to trade with dealers, I have no worries.

skiddtrader
post Mar 15 2012, 01:14 AM

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Anyone used the online transfer yet? Up to 30k per day transfer for 70 cents transaction fee.
skiddtrader
post Mar 19 2012, 05:36 PM

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QUOTE(Google+ @ Mar 19 2012, 05:16 PM)
Hi,

For any enquiries regarding OSK188, opening of accounts and procedures, please do not hesitate to PM me.

Thanks.
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It would help if you'd introduced yourself. nod.gif
skiddtrader
post Mar 22 2012, 09:59 AM

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QUOTE(foofoosasa @ Mar 15 2012, 06:54 AM)
really? will check it out. Thanks for your info
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I tested the online transfer already. The system MEPS FPX took about 5 minute to update it was 'successful'. But my bank already shows 'successful' they second I confirmed through TAC (Maybank).

Checked OSK website under account details can see the online transaction history updated after their system shows it is' successful'.

I would rate it pretty good. Just took a while longer to update their MEPS FPX whereby you are not suppose to close the webpage.
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