Hi people, it seems no one started thread regarding i*Trade@CIMB. So, I create a thread for this!

My account was just activated 10 minutes ago and i have so many questions to ask regarding the interface.
But i shall summarize all my questions after work.

Come and discuss this good online trading system which is stable in my opinion.

I thought there's a general online trading portal thread.

Yup! I saw someone discuss about CIMB i-trade before in the forum.

there are

Trading stock via maybank2u, let discuss[

hong leong ebroking, anyone call me more about this ?

Jupiter Securities, online trading

So it is NOT odd for me start a thread regarding I*Trade.
Hopefully those sifu pro in i*trade interface can help us these newbies.
Still preparing my list my of questions.

This post has been edited by DarkForXe: Nov 18 2008, 09:44 PM

Some of the discussion on CIMB i-tradehave been taken place in this thread too:

http://forum.lowyat.net/topic/593407/+120#entry21476430

well i guess is better to me more specific because it does not need new people who ask the same question again and again.

anwya itrade no problem at all., nice to use, can use on firefox, explorer. i had been using about a year. but the bad part is minimum brokrage is RM28.

but one thing i like is that they are able to let you trade above the amount you have. for example if you place in 1k and they let u trade up to 3k.
then they is a so call time factor which they help you to place order from the date you choose till the date. is for selling and buying. more life so much easy.

If you don't have money in your trust account, you could not trade (buy) right? Unless you have a margin account?

Correct me if I'm wrong. Thank you.

I was told the person in charge that it is rm12? What are the differences between odd and normal lot?


I am going to transfer bank into my investment account. But when i use my atm machine, i input the given account number, the name show up as "CIMB INVESTMENT". Is it safe for me to transfer the money into the account? Is it my account or a general account? And in case i wish to take out my money from the investment account? how to do it? go to cimb?

thank you and dont worry of having to answer again and again. I will summarize and put all the things at the first post.


Attached thumbnail(s)

yup you are right

yes is fine to place in the money. actually cimb does not have invesment bank. but they take over some other bank that they have it now.
well u actually no need to hassle to go to ATM machine. do you have CIMB account or maybank. what u need to do is just trasfer online. got to settle then eDeposit. something like that then u can start to enter how much you want to enter provided you have money in your bank account. by the way they will lead you to your normal internet banking and log in for trasfer. after 2-3 working days there it goes the money in your trust account.

by the way your trust account everday will give you small interest rougly 0.04%. if you have huge amount of course you get bigger share.

hope it helps.....

Actually the minimum brokerage is RM12 not RM28. Bettter give a call to your remisier.

"if you place in 1k and they let u trade up to 3k"
This is because your itrade account is actually securitised account which the limit be based on your collataral of shares and trust. Trust multiplier will be 3 times. That's why you got 3k when you place 1K.

If your using direct account (which is actually against remisier limit) you don't have to put in any collateral

"If you don't have money in your trust account, you could not trade (buy) right? Unless you have a margin account?"
If you have a direct account, you don't need to put in trust or any collateral.

Actually they have few type of trading account.
-Direct account.

-Securitised Trading Account (you will have Noms CDS account, so cannot apply IPO)

-Securitised Direct Trading Account. (It's actually is a mix of both account above. You will have your name in the CDS account but you need to have collateral in your account before you have limit to buy)

Remember if you have direct account, your limit will be against Remisier Limit. so it will depends on how much remisier deposit he got and how much losses his client inccur.

Securitised account, your limit will be base on the collateral you have. ie. shares and trust.

"actually cimb does not have invesment bank"
Actually CIMB has an investment bank just they change it to the name of investment bank since the name of investment bank so popular. Actually they started with investment bank aka merchant bank.
as you can see the name Commerce International Merchant Bankers.
after a period of time, they have an idea, "since we do all the corporate action for clients [such as IPO and etc], we should have a securities firm as well to earn more income." so, they bought an securities firm.

Later on, the CEO want to full banking services, so what is left out is commercial bank, therefore, Bumi-Commerce came in.
[correct me if I am wrong.thank you ]

the name show up as "CIMB INVESTMENT". Is it safe for me to transfer the money into the account? Is it my account or a general account?
Well, it is safe, after you bank in better let your remisier know and remember to fact in your bank in slip or email to them. so they will punch it the trust into your trading account for you straight away. or else you will need 2-3 days only you can see your trust. yes a general account.
to withdraw your trust just feel up the withdrawal form (either your call your remisier to do it for you or you fill in yourself) and fax to them. IF TT my advice is better one day before, because bank have cut off time. Your form should reach to them before 9.30am.

The difference between normal and odd lot is:
normal lot will be 100, 5000 and etc
odd lot will be having something like 11, 101, 10005, 210

This post has been edited by trainee06: Nov 19 2008, 06:58 AM

Wow. thanks to both of you! it has been a great help! I will slowly summarise everything and edit it on the first post. Thank you again. I shall transfert money by today.

what are the differences between all these 3?
from what i can understand


Session-most standard one. Just buy and hold?

Day-must buy&sell the same day??

Good to date-Set a deadline where ur trading will take place if the price you set is offered.


And for odd trade, it is only Day trade. Then only it'd brokerage rate is rm12.
Still learning.. lots of things to learn.

This post has been edited by DarkForXe: Nov 19 2008, 01:45 PM

Session is referring to an instruction for Morning or Afternoon session depending when you submitted the request.

Day is referring to one particular trading day (let's say you punch the order today).

Good to date is referring to an instruction that is going to be expired till the date you selected.

there are 2 sessions - morning & afternoon..
if lets say u "Q" in the morning & choose duration of "session", ur order will be valid until the morning session only......
as for "day"... ur order will be valid for the whole day
same for "good till date".... ur order will be valid until the day u specific....
correct me if i'm wrong

What is the purpose of E-Settlement if everything are handled by dealers?

how's the earning rate for this e=trading?

What you meant by "handled by dealers"?

My job only to select the stock, put the shares quantity and choose either buy or sell. The payment will be settled by the dealers on the T+3. So, I wonder what is the point of having those settlement button?

Not sure about Settlement but I use e-Settlement to clear my outstanding using the trust money or online fund transfer.

Ya ya .. E-Settlement .. how you can use it? Is there any way to apply it?