Can anyone help me to clarify these?
1)Any cimb branch in puchong which i can applyfor cimb itrade?
2)Trading limit=cash deposited into trust account x 3?
3)min brokerage rate =0.42% /RM12?
4)how long it takes untill the application is approved ?

This post has been edited by ragnarokx: Jul 6 2009, 01:45 PM

Hi! Can anyone give me the link or the thread regarding how to use My Watchlist. Been trying to get this started for sometime but my feeble mind does not compute. Their Q&A on this matter is based on the old format and does not fit in.

Forummers help is appreciated

Thanks

move mouse to share name right click select add to watch list

select watch list 1..2..3..4..

more option - move mouse to share name right click then choose

2 Retail Equities staff resign......

cimb so bad meh?

Why when i try to buy, the transfer fee is higher than broderage fee(0.42%)?

I don't know. I heard is a manual working process company.
Few weeks ago, i even heard there is a loop hole of limits calculation for those who buy US shares. Their limit use for US shares previous night transaction will not adjusted. This is because, CIMB need to manually download the US transactions in the morning and manually calculate one by one. After that only manully adjust the BFE (Broker Front End )for local limit and sending email to CIMB-GK Singapore to adjust cross-border limit. As a result, early morning limit will not reflect the US shares trading usage. The adjustment will start after 9.00. Depends when the download finish. Imagine if a lot of transactions and a lot of people buying US shares. I guess they need more time to calculate. after 10amonly start adjusting? All done by human and calculator....

The risk to CIMB. imagine you bought RM20k US shares last night. the next morning you have extra RM20k and you key in more local shares and order match. hahahah

guys, i am a current itrade cimb user , but i would like to upgrade my non-margin account to margin account.

Can some1 teach me how to upgrade my account to margin account??
Need help seriously.... I already emailed to their customer service but no feedback yet >.<

try call them

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Added on July 29, 2009, 10:44 pmcross border not direct under cimb singapore?

This post has been edited by lms2005: Jul 29 2009, 10:44 PM

Not really.
All cross border account must go through CIMB-GK Singapore. You need to have an account with CIMB-GK Singapore only can trade overseas shares. However, you can open thru CIMB Malaysia. To trade with US shares remember to sign 8-Ben form (not BEN-10...hahahaha).

CIMB don't have the platform to trade foreign shares and they need to "deal" with CIMB-GK Singapore trading platform to trade foreign shares. Usually need to take 1-2 days to open cross-border account because they need to send the application form to Singapore. CIMB-GK Singapore then will assign a client code back to CIMB Malaysia and they will link the client code with your local client code. CIMB-GK Singapore will not recognise your local client code.

If you need to increase your Cross-Border ratio or limit. CIMB Malaysia need send them an email to increase using the Singapore client code. Usually it take longer time to increase Singapore limit because all limit will be update in Singapore trading platform. Malaysia can't do anything except follow up call only. Besides Malaysia have limited access of the info about your trading in Singapore. Therefore, until now not limit given for Singapore shares in Direct or non-direct Securitised (Collateral). Malaysia back system cannot accomodate. They plan to enhance their system. The matter is when????

If you want increase limit to buy US shares remember to tell them you want night limit. Or else you end up no limit.
Malaysia can't see exact limit you have in Singapore. They need to call them. Malaysia back system can see the shares you purchase on the next day after they downlad from Singapore. That's why US shares have a loop hole. Because US market open at night. when they run day end, data is not capture. So. they only acn download the data next morning and manually calculate before update accordingly to your cross-border account and local Bursa limit. So, in the morning again they need to email Singapore to adjust your limit accordingly.

About the limit calculation.
example: You have RM100k and ratio is 50:50.
Therefore, you have RM50k for Bursa and RM50k for Cross-border
If you need more limit for cross-border, either you need increase your limit or adjust your ratio.
usually, when you need urgently say additionaly 30k they will send an email to singapore to update your email and reduce your local bursa limit.

As a conclusion, you accout still manage by CIMB Malaysia and not CIMB-GK Singapore. If any issues, CIMB-GK Singapore will contact CIMB Malaysia not the client. To CIMB-GK singapore their client is CIMB Malaysia. Our account is something like the sub-account to CIMB Malaysia.

Further your understanding, please refer to the scenario below:

Trust money: RM10k
Trading limt: RM30K (3 times based on your cash)
Trading limit ratio set at 70:30 (Bursa:Cross Border)

Available limit in bursa: RM21k
Available limit in cross border: RM9k

RM9k in SGD will shown in CIMBinvest when you click on buy/sell.

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Added on August 4, 2009, 11:27 pmWHO ARE YOU?

This post has been edited by yapbswan: Aug 4 2009, 11:27 PM

yes, how can I help you?

Hi,

I have done few transactions using iTrade, all of which have been charged with minimum brokerage fee of RM28.
How to get lower brokerage fee of RM12? Do i need to specially apply to cimb?
Besides, my brokerage rate is 0.7%. Do I also need to apply to cimb in order to get 0.42%?

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Regarding iTrade eSettlement, i find it rather frustrating to use. Yesterday i have two transactions due.
Balance in my trust account was enough to settle one transaction only.
Hence, i transferred credit from cimbClick to my trust acount using eDeposit.
However, balance of my trust account was not increased even though eDeposit status showed tat the transfer was indeed successful.
So i called up the dealer. In the end the dealer informed me she already helped me to settle the transactions. But, the story not ended here..

After market closed, i checked the settlement status through iTrade. The inquiry screen showed that my transaction was still outstanding and considered as OVERDUE PURCHASES, which means today the stocks will be forced sale.

I'm so confused now, i donno where the money that i transferred via eDeposit is gone... Balance of my trust account not increased, nor the transaction is paid...
Haiz, i have to call up the dealer again later to find out what happened...

For me, this is a rather painful experience using iTrade, i couldn't get peace of mind whole day. The eSettlement and eDeposit seem not functioning well... My dealer repeatedly reminded me not to use eSettlement and eDeposit. Instead, I was advised that:
- i should call my dealer whenever i want to transfer money to trust account
- let the dealer settle my transactions on T+3
If everything must go through dealer, then what is the purpose of having eSettlement and eDeposit?

Hi,

I'm experiencing a similar problem - Balance is RM1. I saw a few of these posts in this thread.

Anyone knows what was the cause for it? I'm pretty sure I have more than that, in fact I just transferred some money over yesterday.

It will not immediately appear the same day u transfer money thru e-deposit. at least 1 working day is needed. If u have sufficient fund in your trading account n u have any T3 due no need for you to do anything, even if it appears due. itrade will do the settlement themselves.

Most important u remember how much money u have in your trading account and trade accordingly.

Guys. Does Itrade@CIMB provide any software client for us to install in our own PC. I really don't like to use web-based trading system due to Java program problem. Thanks.

If I'm not mistaken, if you transfer the money during business hours the funds should be credited on the same day itself.

I don't think there is one though.

I'm having problem with my IE and Java. Useless. The programme will sudden hang and the CPU memory getting higher and higher. I would like to asking IF Itrade@CIMB can provide me a CD for program installer install in my PC without using web-based. Bursa Malaysia have that kind of programme but only trial on 14 days. Anybody can help me ask them?

That's odd. I don't seem to have that problem.
Try getting the latest version of Java. Maybe that will solve the problem.
Alternatively you could drop them an email.

seem like ur system affected by virus