Hi guys,

Did you receive the email from Jupiter about bid order limits as below:

"We wish to inform that consequent to the requirement imposed by Bursa Malaysia, orders keyed-in by clients via the online trading system must be within the price limit range of 30 bids (tick) above or below from the last done price.

For your information the price per bid for securities listed on Bursa Malaysia are as follows:

Last Done Price
Per bid (Tick)
Below RM1 = 0.5 sen
RM1 to RM9.99 = 1.0 sen
Above RM10 = 2.0 sen

Example
If the last done price of counter MAS is RM0.80, the price limit permitted within the 30 bids is between RM0.65 to RM0.95.

In view of the above, should you need to buy or sell shares at a price beyond the price limit of 30 bids, please call your dealer or remisier who will be able to place the order on your behalf."

With this limitation - I think now it becomes semi-online trading. Unbelievable!

I've forwarded this email to Bursa Malaysia - but, no response until now. Now I doubt if this rule applies for all securities. It just a 'paranoid' rule and makes KLCI always in range 1600-1700...what a most boring stock exchange in Asia.

A lot friends got stuck in higher buy price after this regulation applied - maximum 3 bits for online order or must use phone to call dealer/remisier for lower/higher bit?? - Mixing online order and call order is a smart(profit) idea for securities company to get faster incoming commissions but totally unfair for retail traders.
They will use tricky(call: stupid) reasons like: to avoid traders from mistake orders or to avoid fat finger...- how fat our finger anyway? or how stupid we are that we'll do mistake orders in every transaction?

As most said, the securities only keen for their commissions - profit for traders is something far from their concern. If you care about your hard work money please leave securities with this greedy behavior!

Just opened new CDS accounts in Maybank and CIMB iTrade, their dealer were laughing on claim by Jupiter ""We wish to inform that consequent to the requirement imposed by Bursa Malaysia, orders keyed-in by clients via the online trading system must be within the price limit range of 30 bids (tick) above or below from the last done price.
" - how come online trading only allows 30 bids ?!...Bursa Malaysia never issuing such regulation!
CIMB iTrade has threshold 8% and not 30 bids.

Example:

LastPrice of counter CIMB: RM 7.000
Limit Order by Jupiter: RM 6.970 (min-buy) / RM 7.030 (max-sell)
Limit Order by iTrade: RM 6.440 (min-buy) / RM 7.560 (max-sell)

You can see much different of range value when we need to buy/sell order in today volatile market movement.
[CMIIW]

You're partially right - it supposed to be like this: [that the purpose of sign CMIIW]
Example:

LastPrice of counter CIMB: RM 7.000
Limit Order by Jupiter: RM 6.700 (min-buy) / RM 7.300 (max-sell)
Limit Order by iTrade: RM 6.440 (min-buy) / RM 7.560 (max-sell)

But it still has much different of range value when we need to buy/sell order in today volatile market movement.
[CMIIW]

Don't need to turn around...just focus on the issue, and hopefully Jupiter realizes its noncompetitive 'kiasu' strategy.

Points to be considered:
- Lower broker fee (lowest fee but will sacrifice other point)
- Trading Platform, I use both Force Excel and N2N, Force Excel is better so far (information such as NAPS,P/E would be very helpful to pick right stock). N2N - have to say, this system is still 'immature' trading system. Need a lot improvement especially when dealing with spontaneous buy/sell transaction.
- Some brokers have hidden cost and silly order bid limit (good for them, sucking blood for retail trader)
- If you have more money, trading on Maybank or Tenaga (#1 & #2 Top Market Capital) will be more safely for long-term investment. Of course BOW (Buy On Weakness).

C M I I W.