1. As far as I know, the only requirement is you fill up their form sincerely. Which also happen to ask you how much you are earning. But no payslip required as far as I remember.

2. Normally they will ask you to deposit RM1000 in a trust account before they allow you to make orders. But as you trade and make payments. They will slowly allow you to make bigger purchases although you do not have the same amount in your trust account. Of course, you still need to pay on time. They will pay you 2% per annum interest on a monthly basis as long as you have at least RM1K in your trust account.

3. 1000 x RM2 = RM2000

RM2000 +( 0.6% or RM40 whichever is higher) + (0.03% clearing fees) + (RM1 Stamp duty for every RM1K) = RM2043.60 is what you have to pay. RM43.60 is the additional charges you have to pay your broker.

4. 1000 x RM2 = RM2000

RM2000 - (0.6% or RM40 brokerage charge, whichever is higher) - (0.03% clearing fees) - (RM1 stamp duty for every RM1K) = RM1956.40 is what you will get after you sell. RM43.60 is the charges you need to pay your broker for the 'SELL' transaction.

5. You do not need an introducer, but you have to talk to a remisier/dealer/broker for them to assess you.

The charges above applies to broker services where you call your broker and he makes the transaction/order for you. Online charges are cheaper on the brokerage charges, as low as RM12 minimum.

This post has been edited by skiddtrader: Mar 25 2008, 09:42 PM

For 'offline' transactions, you have to call your broker and let them know what you want to do. They will key in the transaction for you and let you know by phone when the order is filled. But please do not think a remisier/broker is like a secretary, doing whatever you tell them to do. They provide a service of advice, opinions, rumours and also can be a good teacher if you are new. Basically they are suppose to be professionals in their fields and are the best person to ask regarding the stock market.

For 'online' transactions, you can key in your orders personally at home/office without interaction with anyone. Whatever you key in and submit will be sent towards the broking house database of orders and is executed by them. Because there is no services of brokers/remisiers provided, you get a cheaper rate from the transactions. Although online transactions seems cheaper and more cost effective, I would strongly recommend you engage a service of a broker to better understand the stock market trading arena. At least until you are entirely confident of your own abilities before venturing into online and cheaper alternatives.


Yes it is legal to 'BUY' and 'SELL' on the same day. Brokerage rates are as low as 0.15% for 'DAY' trades.

1 LOT is 100 shares. That is the standard Bursa LOT. Long time ago was 1 LOT = 1000 shares. Now it is 1 LOT = 100 shares.

Your account has an ID, which you need to key in in the account section. Your trading PIN, you should know.

To know what is your account ID, just click on the "Account" tab beside the "Order Status" button at the bottom as well. This will bring up a small window with states your account ID, your name and your account type.

So to buy 500 units/shares, just key in 5 lots. Which means 5 x 100 shares.

Your remisier is old school.

To prevent confusion next time. Don't quote in lots. Instead of saying buy 5 lots, say buy 5000 shares or 500 shares. No confusion then right? Always confirm with your remisier/broker the amount you need to pay to ensure he/she key in correctly.

Technically, yu haven't paid for the shares yet as it will only be settled on T+3.

I normally call my remisier for ordering, so this does look a bit confusing.

I suggest you check under real time prices tab at the top, click the account info, and check your order status and past transactions there. It should be reflected within 24 hours.

1. The quantity stated is always in lots. So when it shows 50 lots or 76 lots, just multiply by 100 shares. That is why when you try to place a bid/offer, you key in the number of lots. At the side there is an indication of 'x 100' which is telling you 1 lot equals to 100 shares.

2. Unfortunately OSK188 does not time and sales function that I know of. You can get this from third party website like Invest Asia Online where you need to register for a basic account and then you can access the time and sales report of Malaysian counters.

3. The bad thing about online transaction is that there is no one specific person to call to ask this kind of questions. You have to put your faith in the system and wait for it to update in order for you to know. Time for the updates depends on the system lag, connection lag, etc. For fastest response, get a remisier/broker that let you know whenever your transactions are done. Pay extra surely got benefits you know

If you are successful in your IPO application, you should be able to sell it online as well as long as it is credited to your CDS account.

Edit: Deleted, read Cheeroy's correct explanation instead.

This post has been edited by skiddtrader: Apr 18 2008, 03:57 PM

Thanks for the correction cheeroy. I was under the impression I can only have 1 CDS account but didn't know can open another with a different broking house. I thought must use same CDS account.

As per KLSE FAQ;

'Can I open more than one CDS account?
An individual investor is allowed to open only one (1) CDS account with each ADA. However, a corporate investor may open multiple accounts with the same ADA.'

ADA = Broking houses.

This post has been edited by skiddtrader: Apr 18 2008, 04:01 PM

Have you ever got any letter from Bursa Malaysia regarding your CDS account balance?

If you say you've already received the dividend, that means the share should be reflected in the CDS account already. So not sure why OSK can't seem to process your transaction. Best is still to call them and ask.

Accesibillity of service is one thing.

When you want to open a CDS account, you have to be present in person. So definitely somewhere not too far from where you live is good.

Quality of service. There are quite a few complains from Maybank2u users about the inability of using their trading platform during peak hours of trading. Not saying their service is bad, just that you have to judge if the service you are getting or the lack of it is worth you losing your money due to it.

Ease of payment. If you happen to need to pay your broker for your shares, how easy or convenient would it be to you. Is their office nearby? Different modes of payment available? etc.

After sales service. Broking houses depend on repeat customers to survive, so most of them has quite a good rapport with their customers. So if you happen to find one that hardly cares if you get the attention you need, maybe should find one that readily service you.

Trading platform efficiency. All broking houses have their own version of online trading platforms. Some has basic features of viewing prices and trends, some has up to date KLSE news. Even some has daily research and recomendations. All available in the comfort of your home or office.

Integrity of the Bank. Somehow subjective because most people would think the biggest ones are the best. But ever wondered if they are so big, what makes us think that small timers would even get any attention compared to their multi millionaire customers. And with thousands of people as their customers, are you even worth listening to if you have a complaint? So big is definitely not always good.

Rates. Online prices have become quite a hot topic these days with people looking at the best deals ever for minimum brokerage fees especially for online transactions. Just to remind the folks that online trading has little or no human interaction, meaning if you screw up a trade like buying a expiring dead warrant, the PC is not going to talk you out of it.


Thats about what I can think of at the moment, but the chief reasons should be the convenience of trading and the quality as well.

There are 2 kinds of brokerage rates out there, online rates which is 0.42% or a minimum of RM28(or less) which ever is more and 0.6% or minimum RM40 for trades with remisier/broker whichever is more.

On top of that, you need to pay 0.03% for clearing fees and also RM1 for every RM1000 as stamp duty.

1. I assume your friend uses online trading so the breakdown would be;

RM6.35 x 1000 shares = RM6350 purchase

RM6350 + 0.03% = RM6351.91

RM6351.91 + RM28 brokerage fees = RM6379.91

RM1 for every RM1000 means for RM6379.91 = RM7 stamping duty

So your final price would be RM6379.91 + RM7 = RM6386.91 (RM36.91 of brokerage fees and stamping duty)


2. If your friend decides to sell at RM6.60, the calculation will be;

RM6.60 x 1000 shares = RM6600 sales

RM6600 + 0.03% = RM6601.98

RM6601.98 + RM28 brokerage fees = RM6629.98



RM6629.98 + RM7 stamping duty = RM6636.98 - RM6600 = RM36.98 brokerage fees

Profit therefore is RM6600 - (RM6379.91 + RM36.98) = RM183.11

This post has been edited by skiddtrader: Jun 15 2008, 01:24 AM

For every transaction, you will be charged the brokerage fees, clearance fees and stamping duty. Those are the costs of the Buy as well as Sell transaction.

So we have to add it in, because you don't gain from it but have to pay it. That's why its a added the costs and minus from profit generated. The only profit/loss you get is the difference in prices of the share, the charges and fees you have to pay no matter you make money or not.

Yeah I tried re-reading it, and it turn out a bit confusing without more explanations of the calculations.

Yes you are correct, the 0.03% should be added on the purchase price. Not after adding the brokerage fees. Thanks for pointing that out, I'm editing it.

It is not straight forward like that, if you sell at 2.09 then the charges for the SELL transaction will be on the RM2090.

Thus, RM2090 + (0.6% or RM40 whichever is higher) + 0.03% + RM1 (for every RM1k) = RM 2133.63

Your charges for the SELL transaction is 2133.63 - 2090 = RM43.63 ( notice the RM0.03 difference because it is based on the SELL price)

I will again remind that, unless you are well versed in the stock market and the influences and teaching and advise from experienced people, DO NOT get an online account. Instead rely on brokers and remisiers to walk you through the experience as you go along. Still up to you though so this is all I can say.

The last time I registered, I dropped by their office with RM10 and filled up their form.

Then I went to meet my future broker and have a short chat about what I want to invest or trade in and whether I like fast moving or slow moving stocks.

The broker gave me a lists of accounts under Maybank, Public Bank and CIMB to bank in to OSK.

The forms also activates my online account but the rates is still same as remisier.

Only if you register under Online only would you get the online rates I believe. Not too sure about that.

I registered in Malacca. She is not working in OSK anymore.

Unfortunately, tips she didn't tell me because I told her I wasn't interested, but sound advice was given especially when the market turned sour in Feb 07 and August I think. Advised me not to sell off at the bottom when I called her, and as she predicted the market recovered higher following days and I sold with minimum loss, but could've been better if I didn't insist on selling the following days.

I guess I vouched for brokers because when the market is confusing you with SELL or BUY thoughts, they are the voice of reason behind the commotion. At least that's my experience, can't say if other people's experiences are like that. But for me when I was LESS immune to the market emotions, they can be the voice of reason to set your thinking straight.

Like I said, when you are new and inexperience in having a lot of money in the markets that cause you to have an emotional roller-coaster rides, it's better to get a reliable broker rather than an online account immediately. An online account does not tell you reason or offer you choices, it is your slave doing whatever you ask it to do regardless if your decision was obviously stupid or erroneous.

It's better if you have someone in your family experience in the market that you can sought advice, like your dad/mom or uncle/aunt. At least you don't feel embarrassed to ask some questions that you may think is too 'noobish' to the ask the broker. At the end of the day it's your money, and you can do whatever you wish to it. So if you value your money, then forget about your ego and ask every question to the broker even if you think it is stupid. At least you can know if the broker is reliable or not answering your queries.

*Cheers*

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Added on October 15, 2008, 1:25 pmAs far as I know, if you want more full or complete package you will need to pay a certain fee. I'm not subscribe to any of those.

The free package that comes when you register is the one I'm using. I think there is quite some other features available to subscribe to, but I think those if you need then subscribe. I heard if your transaction exceeds a certain amount a month, the subscribtion is free. Better ask the OSK people about this.

This post has been edited by skiddtrader: Oct 15 2008, 01:25 PM