Yup, I did purchase 100 shares @ RM 3.58. I think it could be due to some hidden charges.

Why would dealer took my RM 100? i specify my buying price for 100 shares @ RM 3.58. Taking in trading fee into consideration, suddenly the trading fee become RM 129.11 for 100 shares @ RM 3.58.

The trading fee should be.

0.42% or min RM12 (brokerage fee)
RM1/every RM1000 (stamp)
0.03% (clearing fee)

Hi KB2005,

Could you clarify your figure by showing me some math here? I didn't see how you get the figure 0.42% based on what i experinced. Moreover how you calculate until your trading fee is RM 129.11 just for 100 shares @ RM 3.58. Don't you think it is too much to pay for?

thierry5259, you will be charged RM 28 based on the amount your purchased.

The brokerage fee is actually 0.42% or RM 28 whichever higher.

Hi david83,

Understood that the brokage fee is 0.42% or RM28 whichever higher. I couldn't understand my balance which is short of RM 100.

I'm also not sure. You better get clarification from customer service.

It's also strange too me.

This post has been edited by David83: Feb 22 2009, 03:29 PM

Oops! My calculation base on HLe and i was not aware that your min fee is RM28. Let me try for your case.

100 share at RM3.58 - RM28
Stamping fee - RM1
Clearing fee - 0.03% x 100 x 3.58 - RM0.11
Total RM29.11

The calculation is correct but the extra RM 100 is still mystery.

Yaya. RM100 is still a mystery. thierry5259 need to check with CIMB dealer.

Thanks guy for such clarification. I will have to call CIMB dealer tomorrow morning. I have attached the JPEG pic. Please take a look at the balance. I believe it is RM 512.89 instead of RM 612.89

This post has been edited by thierry5259: Feb 22 2009, 06:47 PM


Attached thumbnail(s)

There should be another transaction details that show you how much you need to pay in total, right ? Your jpeg only show the balance!

Hey guys,

The RM 100 went to the cross border account. It is on basis on 90:10 ratio. This means 90% in local stock trading and 10% in non-local stock trading . Mystery solved

RM 1000 --> RM 900 in local and RM 100 in non-local

Don't get you brot!

CIMB bank investment allows you to trade AMEX,NYSE, SGX,NASDAQ and other country. This is called cross border trading. 10% of your money will be in that account (cross border trading account). 90% remain in your local stock trading account.

If you do not open cross border account then i guess 100% of your money in local stock trading account.

I got it. thanks.

Hey guys,

What is the interest rate given out by CIMB investment bank on unused money in the trust account?

When we purchase a stock, does the bank automatic deduct money from my trust account or do i need to click the pay at "T3" then click "pay" at the bottom page in the outstanding transaction ?

I think you need to do the e-Settlement yourself. Otherwise, they will sell off your shares on T+4.

the balance of RM512.89, is the trading limit you can keyin to buy...you can not keyin to buy more than that amount

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Added on February 26, 2009, 7:00 amlast time 3%, now not sure... since the rate is lower by bank negara yseterday but i think still higher than saving a\c

i think, yes, if u have sufficient fund the system will deduct for u automatically (in my case)....

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Added on February 26, 2009, 7:14 ammy one is min RM12
brokerage rate is 0.3%
daytrade is 0.1%

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Added on February 26, 2009, 7:16 amas mentioned early, the balance in fact is just the trading limit....your actual balance u can view it under Report/Client Summary




This post has been edited by asiatrader98: Feb 26 2009, 07:16 AM

My account balance turned to RM1 again. This is the second time it happened again. I wonder does anyone experienced similar problem before ?



This post has been edited by sooyewguan: Feb 26 2009, 08:56 AM

as I mentioned early, the balance is indicate you have RM1 trading limit to buy the stock or
in other words, you have no money with the account so you can not buy any stock, RM1 shall be the min amount
check your Report/Client Summary...to get the balance of your money
Am I right?