QUOTE(mmusang @ Feb 26 2009, 01:39 AM)
somebody from osk call me and said their rates is min RM12 and 0.42% for online. non-online is same.
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.
Added on March 6, 2009, 6:29 pmQUOTE(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?
Sorry, 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.
Added on March 6, 2009, 6:29 pmQUOTE(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?
Sorry, 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 
Mar 25 2008, 08:21 PM, updated 17y ago
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How come when u sell the share, you add the brokerage fee,0.03% and stamp duty to the sales? Shouldn't you minus them off?
normally investor will directly call to the broker using the communication services i.e phone which is available 24 hours a day 7 days a week... if the broker is always on-call lar 
No more using OSK now
account ready after 1 week 
)....
can share us your bad experience?
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