How you know?? Always lepak there is it haha

Hope can see u there more often then

can someone tell me how to purchase shares in osk188.com?

how do i pay? .. or buy... or whatever.

i just register online yesterday , but they haven call me till now. normally need to wait how many days before they are reaching for me?

1-2 weeks for me. wanna speed up.. can call them

they called me one day after registering.

igor: can you help me find out how to get money into the online account or... whatever.... so that we can actually trade?

If you have opened an account with OSK, please send an email to your broker/representative as a courtesy reminder. Some of the brokers/rep are very busy.

yeah...
just at the afternoon i have opened a trading account at butterworth...
fill up a couple of forms as well as register online then pay up rm10 and everything done...
it will take approx 2 days for them to get ready my account b4 i can transfer my capital...

deal with broker: minimum rm40 or 0.6%, clearance fee of 0.03% and 0.1% stamp duty
through on9: minimum rm28 or 0.42%, clearance fee of 0.03% and 0.1% stamp duty

funny part: when i enter the premis there are many computer for stock monitoring purposes and guess wat? all of them r senior citizen...
many chinese uncle lepak there and when im on my progress 1 uncle approach and purchase PBB

how do you transfer capital? mind sharing me my options, is there some guide on this?

once u opened and get ur account readied... they will told u to bank in the money from ur account to their account in any of their selected bank...

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?

if they given u credit,
u can do so
if not, u need to deposit amount of money only u can trade

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.

this is my experince;

i have 9 account all aboard, most in america,
i deal with osk188 hongkong.
it is suck.....paying maximum commission fees yet for the poor quality online trigger and customer service is poor.i rate it as F. that Mean of all 9 accounti have, i try to avoid dealing with them.
many reputable trading available
like ameritrade, etrade.com, i willing paying them for quality service.
and most asia share can be bought thru america, called pink sheet.
log in; reuters.com and look for advance search and look type in company name and those list in america trading are called pink sheet....
with trading fees even cheaper then dealing thru osk188.hk
osk188.hk truely are = to madoff frauds...
one additional point american securities company are sipc insured upto 1/2 milllion usd....

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Added on February 16, 2009, 4:32 pmpink sheet or PK.

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Added on February 16, 2009, 4:35 pmthis is just an example
icbc=0349 /icbaf.pk
icbc bank=1398 /idcbf.pk
bank of china=3988 /bachf.pk
china mobile=chlkf.pk

This post has been edited by normanTE: Feb 16 2009, 04:35 PM

I am using OSK188 currently but I can't the feature where it shows each share intraday price fluctuation chart, where can I find this feature elsewhere?

I want to observe how does the share price fluctuate to aid my decision in selling and buying

somebody from osk call me and said their rates is min RM12 and 0.42% for online. non-online is same.

when did they change the rate... i didnt get the notice geh?

I also did not receive notification from OSK stated minimum brokerage is RM12. It has been RM28 since the new circular from Bursa (on negotiated brokerage for online trade), and the brokerage rate is 0.42%. However, offline trade is subject to Bursa's rule which can be negotiated rate but subject to minimum of RM40.00. Unless there is new changes, please clarify with the dealer/remisier.

When the above is referring share trading in normal circumstances, please take note that the brokerage amount can vary depending on:
1) Type of Instrument: Common Stocks, Loan Stock, Government Bond, Malaysia Bond Index Fund (such as counter: ABFMY1)
2) Type of settlement: Normal settlement; or settlement between buy and sale of same stock transaction on the same day
3) The amount in RM you purchased for a particular stock in the same day - below or above 100k
4) Board (normally trade in 100 unit) or Odd lots (less than 100 unit)
5) Direct Business Transaction or Market Transaction

All the above criteria has more or less affecting the rate or minimum amount of brokerage charged. However, most of the time, it will only affecting you when you invest more $$$.

For example: buying x unit amount of stock causing you RM1000 has no difference (in brokerage) compared to buying y unit of stock costs RM1500 since the same minimum brokerage still apply to you in this case.

Thanks.

Rgrds.

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Added on March 6, 2009, 6:29 pmSorry, I am not too clear about your questions. Let me try to explain in best effort.

Do we need to deposit money? Yes or No, depending on the type of trading account you open. Online trade is just a tool to help you in trading. Also, depending on the broker you open account with, they may have normal trading account, securitized trading account (require some collateral), margin account (borrow loan for trading, require collateral) etc. For normal trading account, and without the collateral (in cash or FD etc), the broker will base on their own policy to set the trading limit (how much you can trade as a start). Many other factors can affect the limit granted to you such as your financial background, the trust and relationship with the remisier etc.

Your trading limit may increase after several trading and settlement, in which you have build the trust between you and remisier and broker. Or, you may ask for additional limit but subject to their approval.

RM10 you paid is not for the broker. This fee is used as administration fee to open CDS account with MCD.

I think what you are trying to say is when you can receive the share - upon order entry or upon settlement on T+3. Once the order is placed via remisier, the order will be routed to Bursa for matching. Once the trade is matched, it means that the trade is done. Therefore, you need to settle the amount (depending on buy or sell , lets assume buy) which is [share price x qty (in units)] - transaction cost on/before T+3.

Although you only own the share when settlement is done by you. You can sell the share immediately on T, T+1, T+2... etc. and pay the difference between "the amount you have to pay for buying share" - "amount you have to collect from selling of share". In securities industry term called "contra or offset". For example: if you buy a share at RM3.00 and next day sell at RM4.00, most likely you don't have to pay for your initial purchase and you make money out of these 2 transactions.

Are you referring to short-selling ("sell empty")? From my understanding short-selling only allowed for certain stocks. For most of the stock, short-selling is not allowed and you may be subject to query or penalty fee to "buy-in" back the same.

Yes, base on your example, you can earn profit out of it.

Rgrds.

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Added on March 6, 2009, 6:29 pmSorry, I am not too clear about your questions. Let me try to explain in best effort.

Do we need to deposit money? Yes or No, depending on the type of trading account you open. Online trade is just a tool to help you in trading. Also, depending on the broker you open account with, they may have normal trading account, securitized trading account (require some collateral), margin account (borrow loan for trading, require collateral) etc. For normal trading account, and without the collateral (in cash or FD etc), the broker will base on their own policy to set the trading limit (how much you can trade as a start). Many other factors can affect the limit granted to you such as your financial background, the trust and relationship with the remisier etc.

Your trading limit may increase after several trading and settlement, in which you have build the trust between you and remisier and broker. Or, you may ask for additional limit but subject to their approval.

RM10 you paid is not for the broker. This fee is used as administration fee to open CDS account with MCD.

I think what you are trying to say is when you can receive the share - upon order entry or upon settlement on T+3. Once the order is placed via remisier, the order will be routed to Bursa for matching. Once the trade is matched, it means that the trade is done. Therefore, you need to settle the amount (depending on buy or sell , lets assume buy) which is [share price x qty (in units)] - transaction cost on/before T+3.

Although you only own the share when settlement is done by you. You can sell the share immediately on T, T+1, T+2... etc. and pay the difference between "the amount you have to pay for buying share" - "amount you have to collect from selling of share". In securities industry term called "contra or offset". For example: if you buy a share at RM3.00 and next day sell at RM4.00, most likely you don't have to pay for your initial purchase and you make money out of these 2 transactions.

Are you referring to short-selling ("sell empty")? From my understanding short-selling only allowed for certain stocks. For most of the stock, short-selling is not allowed and you may be subject to query or penalty fee to "buy-in" back the same.

Yes, base on your example, you can earn profit out of it.

Rgrds.


This post has been edited by HelloMalaysia: Mar 6 2009, 06:29 PM

i already sign out osk188. Can i look the live share market from pda phone.

Shd be within 3 days! Anyway, call them to speed up the process.

Any try to use pda phone for online osk188?

What is mimimum broker fees for intraday online trading in OSK188 ?