Yeah, just saw the numbers after the fact!

How much is the brokerage fee for intraday trades with iTrade?

Sifus, if i buy US shares, i need to set currency as RM or USD?
SOMEHOW when i bought US Shares, i receive email and need to do SETTLEMENT to proceed each time?
Anyhting i do wrong that causes this extra step?

best advise when buy. set RM.. so settlement time easier..
default is foreign currency, so when settlement time, remisier/dealer have to do currency conversion from RM to USD thn pick up your US shares

Ic, thanks for the tips!
But did u receive email for settlement each time u buy shares from US? I MEAN if i had enuf money in my itrade its supposed to direct deduct, but mine each time need to seperately do settlement even chosen RM..

not aware of this. does the currency conversion the same if set to RM?

you mean e-contract note?
u choose settlement currency to RM before u tekan buy.. thn it lock on exchange rate on tht day.

In the monthly statement under Purchases, towards the end there's a column called "AMOUNT IN TRADED CURR". Is this amount the total amount paid including brokerage fees, stamp duty and clearing fees?

I seem to be have trouble coming up with the correct amount based on my own calculations.

May I know what does the Direction up / down means? If I enter on such setting, does it mean at 0.305 it will trigger sell?

I have similar issue. I made record for each transaction, but somehow the total earning amount is different from my calculation. The difference is quite big, I worried the system got problem. Any sifu here facing similar problem? On top of that, there was once system got error (few moths ago) , sold off my stock and realised lost rm10k showed in the record. They told me system did not deduct money from my acct, but in the realised gain/loss record the error still not yet corrected.

This post has been edited by beebo101: Jul 28 2020, 04:35 PM

Hi, have not used itrade for a long time. My account's brokerage fee is still at 0.42%/min RM12. Thinking to change to TradeBeyond with 0.1%/min RM8.

Besides lower brokerage fees, any sifus can tell me the difference between the old Securitized Trading Account and the new TradeBeyond? Many thanks.

Hi.. How to report system error.. Like calculated sell/buy price wrongly..just lost almost 2k becouse of this.

Tq in advance..

i have used itrade for many years.
there was once an error did happen, a human one.
need to report to remisier to rectify or call the help desk for directions.

other than that, there are 2 possibilities why yr own calc do not match theirs.
1. if fx, be sure u use the right settings to keep in same fx becos by default, it converts to RM for every buy and sell.
each time it converts, u lose the spread - this usually amounts to a huge diff... instead of gain, u may get a loss.
2. for local bursa transactions, if in doubt, check yr calc against the e-contract.
do not forget besides brokerage, there is contract stamp of 0.1%, clearing fees and service tax.
if u use a wrong formula and miss out any of those, the numbers will be incorrect... big diff with big traded amounts.

it will be silly not to change over... brokerage % diff is huge.
beyond will only allow 1:1 collateralization for trading unlike the leveraged trade limits of the old way.
i.e., if u have 100k cash, u buy 100k... when it is paid up, u can trade another counter up to 100k too.
but if u incur losses in that trade, either u pay up or they will forced sell yr paid up stocks.

finally got my account activated after almost 2 months

the interface is abit complicated. may i know which one will show how many cash I have in my Itrade account? is it at portfolio?

This cds is really not reliable.. Deposit missing, transaction mixup, deduct your trust money repeatedly.. Hmm

go report > client summary

I see, this only appear when login using website, but not in the mobile app

ya..but what i know they planning to doing this for mobile app.

Hi guys, is there a way to keep track of bonus issues in iTrade? My quantity bought is still the same after bonus issue.

Finally saw the money I transfer last Friday in my stock account now

but my trading limit still show "0", maybe need to wait for another 1-2 days