Hi people, it seems no one started thread regarding i*Trade@CIMB. So, I create a thread for this!

My account was just activated 10 minutes ago and i have so many questions to ask regarding the interface.
But i shall summarize all my questions after work.

Come and discuss this good online trading system which is stable in my opinion.

I thought there's a general online trading portal thread.

Yup! I saw someone discuss about CIMB i-trade before in the forum.

there are

Trading stock via maybank2u, let discuss[

hong leong ebroking, anyone call me more about this ?

Jupiter Securities, online trading

So it is NOT odd for me start a thread regarding I*Trade.
Hopefully those sifu pro in i*trade interface can help us these newbies.
Still preparing my list my of questions.

This post has been edited by DarkForXe: Nov 18 2008, 09:44 PM

Some of the discussion on CIMB i-tradehave been taken place in this thread too:

http://forum.lowyat.net/topic/593407/+120#entry21476430

well i guess is better to me more specific because it does not need new people who ask the same question again and again.

anwya itrade no problem at all., nice to use, can use on firefox, explorer. i had been using about a year. but the bad part is minimum brokrage is RM28.

but one thing i like is that they are able to let you trade above the amount you have. for example if you place in 1k and they let u trade up to 3k.
then they is a so call time factor which they help you to place order from the date you choose till the date. is for selling and buying. more life so much easy.

If you don't have money in your trust account, you could not trade (buy) right? Unless you have a margin account?

Correct me if I'm wrong. Thank you.

I was told the person in charge that it is rm12? What are the differences between odd and normal lot?


I am going to transfer bank into my investment account. But when i use my atm machine, i input the given account number, the name show up as "CIMB INVESTMENT". Is it safe for me to transfer the money into the account? Is it my account or a general account? And in case i wish to take out my money from the investment account? how to do it? go to cimb?

thank you and dont worry of having to answer again and again. I will summarize and put all the things at the first post.


Attached thumbnail(s)

yup you are right

yes is fine to place in the money. actually cimb does not have invesment bank. but they take over some other bank that they have it now.
well u actually no need to hassle to go to ATM machine. do you have CIMB account or maybank. what u need to do is just trasfer online. got to settle then eDeposit. something like that then u can start to enter how much you want to enter provided you have money in your bank account. by the way they will lead you to your normal internet banking and log in for trasfer. after 2-3 working days there it goes the money in your trust account.

by the way your trust account everday will give you small interest rougly 0.04%. if you have huge amount of course you get bigger share.

hope it helps.....

Actually the minimum brokerage is RM12 not RM28. Bettter give a call to your remisier.

"if you place in 1k and they let u trade up to 3k"
This is because your itrade account is actually securitised account which the limit be based on your collataral of shares and trust. Trust multiplier will be 3 times. That's why you got 3k when you place 1K.

If your using direct account (which is actually against remisier limit) you don't have to put in any collateral

"If you don't have money in your trust account, you could not trade (buy) right? Unless you have a margin account?"
If you have a direct account, you don't need to put in trust or any collateral.

Actually they have few type of trading account.
-Direct account.

-Securitised Trading Account (you will have Noms CDS account, so cannot apply IPO)

-Securitised Direct Trading Account. (It's actually is a mix of both account above. You will have your name in the CDS account but you need to have collateral in your account before you have limit to buy)

Remember if you have direct account, your limit will be against Remisier Limit. so it will depends on how much remisier deposit he got and how much losses his client inccur.

Securitised account, your limit will be base on the collateral you have. ie. shares and trust.

"actually cimb does not have invesment bank"
Actually CIMB has an investment bank just they change it to the name of investment bank since the name of investment bank so popular. Actually they started with investment bank aka merchant bank.
as you can see the name Commerce International Merchant Bankers.
after a period of time, they have an idea, "since we do all the corporate action for clients [such as IPO and etc], we should have a securities firm as well to earn more income." so, they bought an securities firm.

Later on, the CEO want to full banking services, so what is left out is commercial bank, therefore, Bumi-Commerce came in.
[correct me if I am wrong.thank you ]

the name show up as "CIMB INVESTMENT". Is it safe for me to transfer the money into the account? Is it my account or a general account?
Well, it is safe, after you bank in better let your remisier know and remember to fact in your bank in slip or email to them. so they will punch it the trust into your trading account for you straight away. or else you will need 2-3 days only you can see your trust. yes a general account.
to withdraw your trust just feel up the withdrawal form (either your call your remisier to do it for you or you fill in yourself) and fax to them. IF TT my advice is better one day before, because bank have cut off time. Your form should reach to them before 9.30am.

The difference between normal and odd lot is:
normal lot will be 100, 5000 and etc
odd lot will be having something like 11, 101, 10005, 210

This post has been edited by trainee06: Nov 19 2008, 06:58 AM

Wow. thanks to both of you! it has been a great help! I will slowly summarise everything and edit it on the first post. Thank you again. I shall transfert money by today.

what are the differences between all these 3?
from what i can understand


Session-most standard one. Just buy and hold?

Day-must buy&sell the same day??

Good to date-Set a deadline where ur trading will take place if the price you set is offered.


And for odd trade, it is only Day trade. Then only it'd brokerage rate is rm12.
Still learning.. lots of things to learn.

This post has been edited by DarkForXe: Nov 19 2008, 01:45 PM

Session is referring to an instruction for Morning or Afternoon session depending when you submitted the request.

Day is referring to one particular trading day (let's say you punch the order today).

Good to date is referring to an instruction that is going to be expired till the date you selected.

there are 2 sessions - morning & afternoon..
if lets say u "Q" in the morning & choose duration of "session", ur order will be valid until the morning session only......
as for "day"... ur order will be valid for the whole day
same for "good till date".... ur order will be valid until the day u specific....
correct me if i'm wrong

What is the purpose of E-Settlement if everything are handled by dealers?

how's the earning rate for this e=trading?

What you meant by "handled by dealers"?

My job only to select the stock, put the shares quantity and choose either buy or sell. The payment will be settled by the dealers on the T+3. So, I wonder what is the point of having those settlement button?

Not sure about Settlement but I use e-Settlement to clear my outstanding using the trust money or online fund transfer.

Ya ya .. E-Settlement .. how you can use it? Is there any way to apply it?

i already apply it online just waiting to activate
the minimum deposit is RM1000?

This post has been edited by POYOZER: Nov 25 2008, 02:30 PM

Apply? No need to apply. It's already there. You can clear your outstanding and ensure that your trust money has enough money. Otherwise, you need to settle using the method similar to e-Deposit.

What I don't like about e-Deposit is that the lead time is not fast (short) enough.

Yes. Min deposit is RM 1000 for first time trading.

let say if i don't pay for RM1k deposit
means..i cannot activate?

when they will ask me to pay the deposit?

Nope. You just not able to trade.

For first time trading, you need to have RM 1000 in your trust account will be converted to "credit".

Maybe I'm a little confuse here, my money is to put into the trust account, so the dealer said they will settle all the payment as long my balance is enough. I call them and they said no need to do anything. But, since it always make me make feel uncomfortable due to their late payment that always in the last day, I wish that I could use the E-Settlement button. So, did you put your money into the trust account too or there's some option that I miss while registering before?


This post has been edited by Irzani: Nov 25 2008, 08:34 PM

First, I load money to my trust account using e-Deposit.

Then, after T+3 if I bought any share, I'll settle it using e-Settlement.

I didn't wait for dealer to do that for me. Maybe I'm not aware of this since I'm still newbie with the system.

hi i would like to ask so lets say i oredy open up a cds account from osk so does that mean i have to put in money into the account so that each time i buy share then they will straight away deduct from it ?

What is the role of the dealer? Are they the same as remiser?

why is it that after i buy any share, the cimb only send me an email to inform me to pay all the money. I thought it is directly deducted from the trade account? I still have to pay it manually?

This is somekind of borrowing, right? I thought this only apply to those who buy 3X their total amount they have in trade account.

It's just a notification - buy, sell , T+3 oustanding. I believe these are the 3 system generated emails.

Perhaps, I choose another option when ticking in the form. I only have an option to deposit money to their account (CIMB), call them and state the amount I put. After that, login, select stocks, buy or sell, logout. After 3 days, they will automatically deduct it. . Or every ITrade is same, I can use the system like you mention?

i-trade automatically switches to the new trading platform hall already.

What is happening to CIMB ITrade today? There's no stock name, price, and other thing? There's no more pre-booking at night? Have to input it by 8.30 a.m?

What is the difference of trade using itrade and using CIMBClicks?

Anyone here that manage to get stocks payment in the second/third day, and their trust account updated in the same day?

Mine :

1) Wednesday - sold
2) Next week - Tuesday evening just get payment and ITrade system updated

How about you?

This post has been edited by Irzani: Dec 2 2008, 08:48 PM

By right it should be updated in Tuesday morning (T+4).

T+1 == Thursday
T+2 == Friday
T+3 == next Monday

So, does it mean from Thursday until Tuesday, those ITrade user couldn't do anything if they want to buy stocks? Let's assume all the money already spent in the last stock and they are waiting for the latest payment .. isn't there anyway to buy using ITrade rather than calling the dealer to buy it? As you know, the rate is little higher ..

I'm not sure about calling the dealer portion. What I know if there's no credit showed in the BUY form, then you cannot buy it till you deposit money to your trust account.

So, cons in ITrade is we cannot "loan" before they deposit the money, unlike using dealer/remisier... .

P/s: Since you are the only active person reply here, did you wait for the deposit everytime or you already save some in the account just in case to average it? Just asking .. perhaps I should use another method and avoid to use all of the bullet everytime ..

I believe somebody did mention about the account type earlier.

Perhaps you could only "loan" if you have applied for margin account or facility.

CIMBClicks (aka CLicktrader) is a special product where the brokerages is flat rate, RM8.88. No matter how big the volume you trade. i.e. your trade amount RM1k or RM1 mil.
However, they don't have the price averaging.
For example, you key in buy 100 units of stock X, then you key in another 300 units of stock X.
If you have price averaging it will combine two order, you will have one purchase contract 400 units of stock X. (your brokerage, stamping, and clearing fees on charge one time)

For CIMBClicks, you will have two diferent contract. therefore, you have two seperate brokerages charges, therefore, you are charging RM8.88 for your respective contract i.e. 100 units contract and 300 units contract. (including your stamping and clearing)

note: purchase contract number without price averaging will start with P0123456
with price averaging will start with PA12345
sales contract will be start with "S"

besides, clicktrader you have to have at least RM10k in your trust to have limit.
for example, you have RM10k and you bought RM3k today. tomorrow you will have no limit even you have balance RM7k. any amount less than RM10 will have no limit. the more trust you have the more limit you have (subject to the maximum trading limit you have, ie you have trust of RM200k but your maximum trading limit is RM100k. you only have RM100k.

you sales amount will not issue you cheque but will put back in your trust. so you need to withdraw from the trust.

Hope the above answer your question

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Added on December 18, 2008, 4:58 pmdealer role is the same as remisier.
remisier. run their business on their own. they find their own client.
dealer usually is under the broking house. company client will park under them.

Remisier income will be from the brokerage(commission) which is sharing basis with the broker house. e.g. 60-40. dealer income can be commission or salary.



nearly forgot. usually if your account under dealer, you need to bank in trust only have limit. because dealer unlike remisier where trading limit based on remisier deposit and your losses will "eat up" remisier trading limit




This post has been edited by trainee06: Dec 18 2008, 05:08 PM

Thank you, trainee06 for the wonderful explaination. You work at CIMB? Kidding ...

By the way, for:

I'm assuming you're referring to CIMB itrade not CIMBClicks.

A little further clarification needed. Do you mean the averaging will be done if you placed two seperate BUY instructions on the same day or what? How does the averaging be applied?

By the way, does i-trade down in the afternoon session? I got error message of maintenance.

Thank you.

yeah the order must be the same day, it will average the all the price and all order you trade in the same day for the same counter to one single contract. e.g.
1,000 unit of X at RM1.00
2,000 unit of X at RM0.99
1,500 unit of X of RM1.01

at the end of the day you will have one single contract of 4,500 unit of X at the "average price". since one contract you only need to pay brokerage, stamping, clearing for once.

without averaging will be 3 different contract, therefore, your brokerage, stamping, clearing will be charges respectively.
e.g. your minimum brokerage is RM40 then you have to pay for RM120.

correct me if i am wrong hahaha a lot of sifu in LYN.

i dunno whether i-trade down or not. Recently cimb having landslide. if not mistaken they cannot work in the building, so i guess they evacuvated to the disaster recovery centre. Might be some maintenance of their server or connection having problem.

Anyone can enter ITrade right now? There's a hang JAVA applet at 3.40 A.M.

Now no problem. Can view everything after clicke on "[ Click here if you are unable to see the Stock prices after installing JAVA ]".

i m thinking of using clicks trader now.

Yaya, cheapest in town..

How to open a Clicks trader account? I have a CIMB i-trade and CIMBClicks with me.

Just fill up the form from any cimb bank branches loh..
Where r u staying? I can talk to the branch manager if u need any help.
I m from CIMB INVESTMENT BANK.

This post has been edited by yapbswan: Jan 8 2009, 11:29 PM

So who can tell me which one i should use?? click traders or itrade???
I want to pay as I go, don't need margin accounts.

Is there still a deposit of 10krm needed???

RM 10k deposit is only required if you want to have time limited promotion from Clicks trader for 0% brokerage fee.

Really??
Then why is CIMB telling me that I would need? so weird.

For i-trade account, you only need RM 1k min in your trust account for first time trading.

When I fill in the form which account type do I choose?? Direct account, or margin account, or securitised one???

nope...it is 10k min....maintaining 10k only able to get zero brokerage fee

The RM 10k min is for Clicks Trader account not i-trade account. It's maintaining RM 10kbalance in the trust with no interest bearing to enjoy 0% brokerage fee .

My mistake...thought that both is the same...
anyway this is quoted from http://www.itradecimb.com/web/faqAccOpen.asp

For i-trade, I don't think you need to maintain RM 1k balance in the trust account. Somemore, it is interest bearing too.

so there are two type : click trade & itrade?

If i want to open one using my own CDS account, i dont want nominee, which one should i get....?
my company shifting its payroll to cimb, might as well get one as its convinient money transfre..

That would be Direct Trading account if I'm not mistaken.

Well, to trade with Clicks trade, you need an account from CIMB Investment too.

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%

so why do you still use i-trade?

For the sake of convenient and sense of control.

I don't want to open couple of trading accounts.

I don't want to open Maybank since fund transfer from my MBB saving account is too easy.

what do you mean too easy?? as in the sense of not safe???
Remiser said that if I want to withdraw fund, i would need to call her to transfer the fund back into my saving account or premier one, not sure

Too easy meaning if I have a MBB trading account, I can easily transfer money from my MBB saving to my MBB trust account without the need to go to the CDM or branch. The lead time of the transferred fund to be available in the trust account also short.

For i-trade, I need to withdraw cash and bank-in to my CIMB using CDM (or etc) and use e-Deposit to transfer money to the trust account. The lead time is 1 day and the transferred amount will be only appeared the following day. This creates a sense of control for me.

I submitted my application form for Click Trader to CIMB last week.

So what do I need to do now to start using this service ? Or do I need to wait for their call or confirmation first ? Thanks

Does anyone here knows what is the meaning "you do not have enough limit to buy" ?
I opened my account with i-trade

Meaning your trust account does not have any money or insufficent fund to cater for your buy (purchase).

Have you deposit RM 1k to your trust accout? For first timer, you need to do that before you can trade.

Which CIMB bank branch did you submitted?
If everything in order, you should be received email and letter of activation in 3-5 working days.
Clicks Trader basically using CIMB Clicks online banking to do trading, so you must get CIMB Clicks facility first in order for you to do trading in Clicks Trader later on.
You may try to call the bank staff or call center 03-2084 9890 to ask for more information.

I have deposited min RM1K from CIMC clicks to the trust account. How to make sure that RM 1k is in that account?

Ya, you are right.

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Added on February 15, 2009, 4:27 amYou can check from i-trade website after login under menu-report-client summary.

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Added on February 15, 2009, 4:33 amYa, only those branches with branch broking facilitis will know about this i-trade account. This is cimb investment bank product but not cimb bank product. Normally they will just refer to you who or where you can get the service, or some of the bank staff will call to ask and service you to open an account.

Yes, you will need to do share transfering after you get the new CDS account.

This post has been edited by yapbswan: Feb 15 2009, 04:37 AM

well i apply for 2 week until now nobody care to send me any emails. call to support center to check but nobody care about that and bother to call me back.

service percentage = 0%

ignore it

Yup, confirm RM 1k is in the trust account but i cannot do any trading. These word pop up "you do not have enough limit to buy".

Is there's any limit showed in your BUY menu? Are you trying to buy more than your available limit?

Do you mind to tell me which branch you went to and which support centre you are refering to? i can try to check for you. i'Trade@CIMB call centre num is 03-2084 9890.

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Added on February 16, 2009, 9:58 amYou can refer the problem to i'Trade@CIMB call centre at 03-2084 9890.

This post has been edited by yapbswan: Feb 16 2009, 09:58 AM

Dear i*Trade@CIMB Customers,

Due to a disruption in Bursa Malaysia’s trading system today, we are unable to carry forward all your morning session’s unmatched orders.

Hence, all your unmatched and Good Till Date orders will be cancelled. Please re enter all your unmatched and Good Till Date orders at i*Trade@CIMB system.

Sorry for any inconvenience caused.

Thank you.

Yours sincerely,
Retail Equities