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 Online trading with i*Trade@CIMB, Trading using i*Trade@CIMB? join here.

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SUSDorky
post Dec 31 2010, 07:24 PM

On my way
****
Senior Member
604 posts

Joined: Dec 2010
QUOTE(Remng @ Dec 13 2010, 09:45 AM)
it's rm 12 min, no minimum rm10k required until you decided to buy shares then you deposit the amount you want to buy. I am a Remisier with Cimb at Tropicana City Office, don't be confused, you can pm your phone/email add to me, I will help to clarify any questions.

Thanks
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Is this RM10k apply only for cash on margin account? What about account without margin? Still need RM10k?

About day trade 0.15% for CIMB securities, what does that mean? Does that mean if I do day trading (buy and sell in the same day) I will only be charged 0.15% brokerage, stamp duty, contract fees, etc?
SUSDorky
post Dec 31 2010, 07:30 PM

On my way
****
Senior Member
604 posts

Joined: Dec 2010
QUOTE(David83 @ Dec 31 2010, 07:26 PM)
Intra-day (same day) trading brokerage fee is 0.15% while inter-day is 0.42%.
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Well then, I guess I am more comfortable being a positional trader than a day trader. They say 80% of day traders experience loss throughout their trading history. Day trading will rely heavily on technical analysis, and that has 50:50 probability (read luck).
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