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 OSK188, opening trading account

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jasonkwk
post Nov 20 2009, 12:22 PM

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finally I can access to OSK188 after so calling the CS many times.


Added on November 20, 2009, 12:27 pmanyone subscribed their premium services RM20 a month, is it worth it for beginner in Stock market.

This post has been edited by jasonkwk: Nov 20 2009, 12:27 PM
jasonkwk
post Jan 8 2010, 02:12 PM

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one bad thing about osk188 is I cant view oversea market and KLSE together at the same time, and oversea market dont have buy/sell queue in the web version.
jasonkwk
post Jan 8 2010, 02:30 PM

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QUOTE(chianping @ Jan 8 2010, 02:25 PM)
wooo friend dun like that la come in here and promote Jupiter ....OSK188 is not bad portal honestly


Added on January 8, 2010, 2:28 pm

oversea market very little online portal got the buy/sell queue if i not mistaken. You can try this friend . Download the 188OMS and use the web brower to view oversea and the 188OMS to view local market?
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You can ONLY choose either one to use:188OMS or web, if u open one, the other will automatically switch off, vice versa. You try and see. smile.gif
jasonkwk
post Jan 19 2010, 12:54 PM

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QUOTE(dream-painter @ Jan 19 2010, 12:50 PM)
Will they update our account info?  blink.gif
I just bought some shares last Friday and the total is rm4596 and I supposed to pay it today (T+3). However, I did make the payment yesterday via Public Bank and informed my broker once. But until today, no update on my account and my account still shows that I have outstanding amount of rm4596. It is so scary and nerves me.  icon_question.gif
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the transaction will show after T+3.
jasonkwk
post Jan 19 2010, 03:16 PM

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QUOTE(dream-painter @ Jan 19 2010, 03:12 PM)
oic, thanks for your reply.

Then I have to wait till tomorrow to see what happen.
At first I thought the payment I paid would be showns as trust money if we pay b4 the T+3. But on my account the trust money part is shown as 0.00 too. cry.gif

Hopefully everything is ok.
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don't worry, just called your dealer ask him/her, whether u bank enough money for the contract u want to buy. smile.gif
jasonkwk
post Feb 2 2010, 08:17 PM

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QUOTE(chianping @ Feb 2 2010, 04:48 PM)
frens ... IT Department told me that you can open foreign trading and also the OMS at the same time.... FIrstly on the global trading log in... then just log out from there then on your OMS .... should be able to use


Added on February 2, 2010, 4:49 pm
Friend where are you based? if base in kl just give me a PM i can help you to clarify it k?


Added on February 2, 2010, 4:51 pmfriends what do you think if i summarise our OSK research and update here for a month?
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OSK research? is it the one on the front page of www.osk188.com.my?
jasonkwk
post Feb 3 2010, 09:14 AM

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chianping, Do OSK remiser has some program that let client decide when to sell, when to buy. Let say I call my dealer to set some standing instruction on some stock like when to sell and buy based on certain technical indicator condition like moving average, volume, price .


jasonkwk
post Feb 3 2010, 12:55 PM

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chianping, do you know what is the meaning of MID? Its on the right hand side of 188OMS. I know the meaning of BUY and SELL.
jasonkwk
post Feb 4 2010, 09:10 AM

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anyone can access 188OMS now?
jasonkwk
post Feb 4 2010, 09:46 AM

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reminder to myself: register more trading account.
jasonkwk
post Feb 10 2010, 12:52 AM

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QUOTE(David_Brent @ Feb 9 2010, 10:29 PM)
OSK is a truly dreadful organisation. Their trading platform is full of glitches (none of which they will admit to). As I found out today.

I queued to sell 4 counters today in the morning session through online trading and at the lunch break they were all 'UNMATCHED'.
I queued them again in the afternoon session and they all matched.
At 16.50 OSK phoned me to say I was over-sold on all four counters - that I had sold them twice and that I had to buy them back - at a higher price!
The fault was 100% theirs. They had sold the four stocks both in the morning AND the afternoon sessions.

But their system showed UNMATCHED and then 'COMPLETED' in the afternoon. The IT trading platform has major problems that cause these things apparently.

What a bunch of absolute incompetents.

Luckily I had all the screen print-outs from the Orders section to prove it was their fault.

Now they want me to buy the four counters back. The price has moved up since I sold them.

Do you think OSK will cancel their commisssions on these trades or cover my losses for having to suffer for their lousy system??

I doubt it since no one will take responsibility.

The dealer told me they have known about this system glitch for weeks now - but they have told no one and they are nowhere close to fixing it.

I could not believe that any IB would do this.....

Stay away from OSK unless you want dealing through them to cost you money.
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Is this what you called short selling? selling share you don't own, but own by the brokerage. Short selling is illegal in Bursa Malaysia. hmm.gif
jasonkwk
post Mar 7 2010, 09:06 AM

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QUOTE(David_Brent @ Mar 7 2010, 12:18 AM)
Well - it's all very well "hoping" and "I am sure-ing" but what people want is an ethical broker that will do what they promise and take responsibility when things go wrong.

As of Friday close NO ONE has even bothered to deal with my ALAM problem (see above) - so, if you want to deal with a company like OSK where - if they lose you money - you've got NO RECOURSE - then go ahead.

Regarding OSK's UPGRADING to their online system that CHIANPING posted about, OSK's new Terms and Conditions say:

The system will now validate each SELL order against your securities holdings (which we deemed to be correct at the time you execute your order) to prevent over-sold position. However, we put you on notice that our system may not have the complete list of your securities holdings at the time you execute the SELL order as we are unable to cater for any transfer of securities executed during the day and/or any intraday phone orders and/or any corporate actions. Hence, it is your sole responsibility at all times to ensure that you have sufficient securities for delivery purposes and shall not at any time rely on the information provided by the system but to do an independent verification with your Dealer's Representative and or from the records obtained from the Bursa Malaysia Depository Sdn. Bhd. Please take note that you are still bound by the terms and conditions of the Account Opening forms including all the applicable rules and regulations.

See that everyone??


".......it is your sole responsibility at all times............cannot cater for .... any corporate actions......and you shall not at any time rely on the information provided by the system............"

NO RESPONSIBILITY FOR ANY OF THEIR CORPORATE ACTIONS.

So if they mess up your trades and LOSE YOUR MONEY - I would not expect them to take any responsibility whatsoever....

Strongly Recommend Forum Members to read OSK's new Terms and Conditions effective February 25th - especially about their online trading platform - and check very carefully before you give these people ANY of your money.
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I think other brokerage have similar rules, I registered other brokerage, their T&C is also minimum 3 pages long, same as OSK, so I think it is like a standard.Basically the T&C can be summarized like this:"Everything is your fault, even though it is our fault. When you sign the agreement to be a customer of a brokerage, you have to be bounded by those T&C.

Basically you cannot take any legal action on them of any financial losses incurred even though it is the brokerage fault, if you do that, the court will throw out the case before you can say the word:OSK
jasonkwk
post Mar 17 2010, 01:19 PM

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QUOTE(MakanTidurSaham @ Mar 17 2010, 12:39 PM)
I think I did issue many warnings regarding this fraudulent investment firm who trade against their own clients. Betting on client's behalf without client's knowledge is not the first case.

Those who's stubborn to remain sticking with them is just looking for troubles.
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yeah, I think u wrote on the SAAG thread, but do u have proof, or u have friend working inside. I also got an account with OSK, but since the account have REIT only, so even it is true, it doesn't affect me. smile.gif
jasonkwk
post May 30 2010, 10:28 PM

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Molotov Cocktail,

brokerage is RM28 per trade, that why when add RM16 back, what OSK stated is correct.
jasonkwk
post May 31 2010, 09:25 PM

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QUOTE(Molotov Cocktail @ May 30 2010, 10:49 PM)
but it stated the brokerage fee is rm12, and minus that amount from trust account
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where it is stated? I would like to know also. IIRC, the RM12 brokerage , you have to write in letter to OSK to ask for it, that only if they want you to be their customer.
jasonkwk
post Oct 9 2013, 05:20 PM

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this OSK platform is very stupid!!!

you must trade stock once for every 6 months, if not they will close your account.

This happened after the merger with RHB. I miss the old OSK. time to switch broker.
jasonkwk
post Aug 15 2014, 11:32 AM

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why ppl still using OSK? the service never improve.

 

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