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 OSK188, opening trading account

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GrowTree
post Jul 1 2010, 06:01 AM

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I saw this topic is OSK188, so I post my question here. Hope this is ok... (sorry i'm new to the forum).

I requested to have online trading account with OSK. I have existing CDS account with them.

After close to 2 weeks (numerous chasing through email), they replied that I have bank in money first for the first time and pending for mgmt approval after deposit , reason being my account has been suspended for not trading about 4 years.

Is that the common practice imposed by online broker?


I am not happy about this. I still own some shares with Bursa (from x-company shares). I am new to share market.. and now trying to learn to buy some shares... probably hold for medium to long term as well. How do I know if my online trading account be suspended again should I not trade frequent enough? I don't even know how frequent is enough to satisfy the requirement.

Should I just change to apply to some other online broker? I am currently in oversease though.



 

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