email ask again,this time fast respone.. ha ha

If you are asking about the 10K special rate, yes you have to maintain it. Sorry, I thought about the first time deposit account with minimum 1K ..

This post has been edited by Irzani: Jun 4 2009, 05:00 PM

I went to the CIMB branch earlier today to open a trading account and all they asked me to do was fill in the Itrade Account application form.

After filling the form and photostating a few copies of my NRIC, they asked me to go home and will contact me when the account is up.

I understand that this will be for a Clicks Trader account , but that's all that i know! No further information whatsoever. I told them I don't even have a CDS account yet and they said no worries, the bank will setup one for me. Is that true? Don't I have to sign some Bursa forms or card in order to get a CDS account?

Just wondering what's the difference between iTradecimb and Clicks Trader account?

you paid RM 10 right? that's for CDS

did u fill 2pcs small card n yellow form?

No, I didn't. I just filled in one form - Itrade Application Form.


Nopes ... didn't pay anything either and didn't deposit any money yet also. They kept telling me that they'll call me once my account is setup and I'll have to transfer some money in.

Sigh, why do I have a feeling that I'll be having to make a few trips back to the bank...

Main difference for me is the RM8.88 brokerage fee for Clicks Trader. Brokerage fee for ITrade CIMB is 0.42% or minimun RM 28 if i'm not mistaken. But minus points for Clicks Trader is you gotta have a minimun balance of RM10k in your account to make any transactions, and you can't deal on non-local stocks.

Itrade is a normal intenet trading account. (cimb invesment bank product)
Click trader acount is actually develop by the cimb bank (red colour) using cimb investment bank platform. you can call it cross-selling between the group.

click trader is actually a product for a special RM8.88 flat rate per transaction (no price averaging). but there is a lopp hole many client have other account transfer the shares to click trader acount to enjoy the special rate. therefore, recently they charge for a transfer fees.

Besides, click trader RM8.88 is only apply for the min RM10k in your account. if you have no money in your account you don't have the limit to buy. so if you have RM14k, you can buy up to RM14k only. You need to top up if you buy further.

since click trader develop under cimb bank therefore any complaint request take longer time. every single section is separated into bank, investment bank and help desk. so, you complaint/request need to circulate from help desk to investment bank and follow to bank. sometimes need to route to ib then bank and back to IB again. any of you wthdraw your trust with a feedback of "Pending CIMB IB Trading account". this is because IB yet to receive the document from bank side and they cannot locate the account.


recently, Investment bank trying to cut cost. restructing of manpower (e.g. 3 person job become 1 person job) and start fired their staff if they do mistake. i heard some department staff already request for more staff because not enough staff and yet they purposely freeze the hiring. when the staff cannot complete, then they fired the staff. rumours got 4 staff already get fired. In paper they said no retrenchment but using dirty tactic to reduce head count.

Wow, even with brokerage fees of thousand people per days still at losing money and want to reduce workers?

they should chop those high post high salary guy rather than lower one

Can i know click trader rates is still applicable for now? RM8.88 is cheaper than jupiter cash upfront and jupiter service is damn suck now. so i am thinking is that a good alternative option or not.

Jupiter cash upfront from 0.05% revised to 0.1% or RM10 whichever higher.

can i confirm that all trade is RM8.88 provided u got 10k cash inside? but i read also somewhere we got trading limit of 1x of our market value share that we holding. Is it true?
meaning if u holding 10 lots of TM, (RM2.60) then you will have 26k trading limit even you dont have cash inside. is that true?

please refer to http://taqies.com/b/archives/27

and 1 more question, is it only available for nominees account and not available for personal account?

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Added on June 13, 2009, 11:03 amany comment or advise on my previous posting? seems like no body reading and commenting. :-(

This post has been edited by yloon: Jun 13 2009, 11:03 AM

Is there any possibilites of error calculating on the paper/contract or cheques deposit? Have anyone heard it before? Just asking since I never monitor how much I gained or lose for a year already .. .

Thanks

This post has been edited by Irzani: Jun 14 2009, 11:26 PM

anyone tried cross border trading?
what is the diff btw mkt order and limit order?
also, why the day low and day high price is diff from price captured fr yahoo finance? which one should i rely on?
tks

How do I know how much I have in the cross border account? I check the account summary but it shows nothing.

I will deposit as per normal to itrade account and it shall automatically be in the cross border account right? I already set the ratio...

i transfer through cimb clicks... till now still under processing.... slow le...

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Added on June 23, 2009, 10:47 amthey reject my cash transfer, no reason gv

any others bank offer cross border service?

This post has been edited by lms2005: Jun 23 2009, 10:47 AM

wow.. tried to send email to itrade and my email bounce back..

" Error delivering to Retail Equities/MY/CORP; Router: Database disk quota exceeded"

since i split the ratio to 70:30, can i just use edeposit to deposit money into my itrade account, the 30 will automatically shown in cimbinvest?

can i do that?

Soli, what meaning 70:30.
Btw, I saw my friend open his itrade account. But it very slow. The java logo alway turn for sometime. Is this normal?

70 bursa, 30 foreign

I spent hours reading all the posts, so tiring... and realized that many jokers asked the same questions again... and again... and again...

I found only one post is useful...

I guess you are from CIMB right? The "Happy Investing" is so similar to "Happy Trading" every time I receive email from CIMB iTrade. Anyway, thank you very much for your information.

Not everyone have so much free time to read one by one of the post since this topic is not easily organised and more based on the forum interface. Plus some of them is a new user in this forum. If you visit the main topics that have been pinned above especially for beginners, you can get as many same question and answer. More than you can imagine ..

This post has been edited by Irzani: Jul 2 2009, 09:06 AM