Can start to deposit money into ur trust acc and start do trading loh..

what is trust account? open at cimb bank?

Trust account is like a chest with the investment bank. Money needs to be deposited to the trust account in order to trade. It will be then converted to equivalent "credit".

about the direct trading account, is it means the limit depends on how much deposit i have in my account? actually what is means by "use by remisier"? not use by the account owner?
normally which account is recommended to open?...thanks

Securitised acc will be based on the money in your trust account.

Mean that acc is non-collateral based, normally dis type of acc open under remisier, trading limit can be given without putting in any cash.

Normally client will open securitised trading acc - direct.

My trust account has extra money inside. Dividend payout goes directly into trust account?

i asked in CIMB tat day.. they told me must deposit RM10k.. but then is it if i bought something then let say my balance is RM8k.. i cant make any trading already? i need to maintain minimum 10k in my acc everytime + extra money for me to trade is it?

i dont understand it.. i m thinking of opening a CIMB acc. but i dun understand their fundamental =.=''

btw.. using OSK now.. RM12 min, or 0.42% no deposit require.. 30k limit..

how bout CIMB click one?(dunno right name or not)

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Added on March 27, 2009, 9:59 amand the stock update is 15sec delayed.. how bout CIMB?

This post has been edited by mememe12: Mar 27 2009, 09:59 AM

I think this is the Click Trader account.. I went to CIMB branch yesterday wanted to ask them about ItradeCIMB and they kept telling me about this Click Trader account. It seems like they know nothing about the ITradeCIMB.

Oh ya, and the officer told me currently the click trader account, u don't need to maintain 10K in ur account, u can use that 10K to trade as well..

but the broker fee is RM28 one wor?! right?

Off topic: i opened CIMB saving acc. they gave me green atm card wor? is there any diff with the red one? my fren always laugh at me when see my green atm card.. lol..

Green ATM card means your account is Islamic saving account.

but i m not muslim wor.. i asked them.. they said the green one better now promo.. got unlimited access to atm without charges.. the red one is something like 5 times.. after that they will charge..

besides this.. anyone know what are the diff between green n red?

red got charges? i didn't know that! we paid annual fees for the atm card right? by right they shouldn't charge if we paid annual fees.

Annual fee for ATM cards is determined according to type of saving account that you're holding.

No annual fee but with limited withdrawals per month is available under Basic Saving Account.

Hi guys, another newbie here with some questions..

1. For cross border trade, does itrade have real time quotes for the foreign stock exchanges?

2. How about the brokerage/clearing/stamp duty fees for cross border trade? Is is same as trading in klse ie RM 28 or 0.42%whichever higher?.....

3. Any additional charges for cross border trade?

4. I have just submitted form to open itrade account. Once the account is activated, what do I need to do if I want to trade in foreign exchange? I heard there's some separate registration for that, true?

Any taiko here have experience in using itrade cross border can share experience?

Thank you so so so much for your time!!

Early morning there was a minor system glitches. I tried to cancel my order but the system did not update itself. I have tried several requests but failed. Called the CS and they said that they were facing some technical problem.

That was for Maybank, right ?

Not just Maybank. Applicable to all Basic Saving Account. Remember the keyword "Basic".

according to the staff that help me to open acc. he told me that red got charge but green no charge wor.. and he told me tat i need to pay RM8 annually for the ATM card also

erm.. u mean if "basic" saving acc. no annual fee for ATM card? but how we know whether we are "basic" or not right? anyone know whether i can change my CIMB green ATM card acc to 'basic"? because i dont withdraw money from CIMB one.. so i hope that i can avoid paying the annual fee..

is there anywhere proper in LYN to ask about this hor? since this is thread is about trading rather than saving..

To know the type of saving account that you're holding, you can always ask the bank staff or CIMBClicks CS.

Only basic saving account has that feature. BNM specifies that every finanicial institution must provide basic account with minimal fees.

so if i tick "Cross Border Securities Trading" as well, is it can be used immediately after my i-trade account been approved? normally how long need for the approval if i apply for I-trade Online Trading + Cross Border Securities Trading?
When i trade in US market, is the procedure to trade same as in Malaysia market?

Also i would like to know how much brokerage or any other fees for trading in US market?...thanks