So with the itrade's account, the deposit account where you transfer money into them to trade, does it accumulate interest?? Thinking if I should transfer my money into it to get interest, rather than in FD

Yes and it's credited to your trust account daily (on trading days).

just wonder do they charge anything if i have a dividen? and how long i need to wait?

Does itrade offer lower fee for intra-day trading?

how much interest is it?

Didn't publish but somebody mentioned should be a par with FD rates.

Let me explain the different between clicks trader and i-trade@CIMB

Clicks Trader
- park under cimb bank
- min deposit 10k for trading (buy/sell)
- using cimb clicks (online banking system) to access into share trading platform to do trading
- allow internet order only
- can trade klse only
- no interest for the deposit
- trading limit is on one to one basis (trading limit=cash deposit)
- brokerage: ZERO during this chinese new year promotion (9 Jan 09 - 8 March 09)
- RM8.88 per match for non-promotion period

i-trade@CIMB
- park under cimb investment bank
- min 1k for trading
- using i-trade@CIMB share trading platform to do trading
- allow internet order and phone order
- can trade klse and cross border (US, SIN, HK..)
- interest will be given on daily basis
- trading limit is 3 times of deposit amount, 2 times of shares
- brokerage as usual 0.42% (up to 100k) and 0.15% (day trade)

Happy Investing~~

This post has been edited by yapbswan: Jan 20 2009, 06:04 PM

Both also subjected to a min fee of RM 28 right? Especially the intra-day trading fee? Am I right?

Nope, clicks trader is ZERO brokerage now, after promotion, it will becomes RM8.88. So min brokerage now is ZERO and after promotion is RM8.88.

I'm asking about i-trade not clicks trader for:

Guys - one question from me, do either of this CIMB online trading software require you to install a java applet like Maybank2U ? Im looking for another brokerage, as the MB2U I cant use at work as out company has blocked popups and java apps from installing.
Cheers.

i-trade with the new trading platform requires Java 1.6 JRE support.

It also has pop-up menus for breakeven calculator, news, order status, report (accouting), settlement, e-deposit, trading (buy/sell/cancel) and etc.

i just apply for i trade account, but seriously none of the branch staff has any knowledge about that. i spend about 3 hours standing there watching staff call here and there. lol

anywhere a question here, cimb able to sell my unit which i bought from other broker company like kenanga/maybank? i heard them say, after a week they will give me a new CDS....

ones that has knowledge is the remiser they call in to meet you to set up an account, otherwise those branch staff, they don't have a clue.

well, nobody call me in for interview. only those staff handling deposit/withdraw money entertaining me. and they open my account ....
well any clue for my question, i able to sell my existing unit from other brokerage company using cimb trader?

I went to cimb today...and they show me the click trader...need minimum 10k...I were asking for itrade one...Anyway, went for hong leong e broking...better and leng luis are nicer...

So anyone using itrade - (not click trader) - and happy ? Need a backup for my M2u which always gives me problem key-ing in trades at night.

Secondly how is the brokerage news section from CIMB - ie market outlook and company analysis ?

So far, I'm quite satisfied with CIMB i-trade - the only trading platform I got.

but isn't the brokerage higher than M2U?

Yes, it's.

Min is RM 28 and the brokerage rate is 0.42%