You're right RM1.00 per RM1000 for STAMP DUTY

To be exact, for purchase of shares in Bursa Malaysia:

When you buy a shares say, 1000 shares at 1.10

your cost will be:

Rm 1,100 plus:

i) brokerage RM8.88 ( for Cimb click traders a/c, and 0.42% for itrade)
ii) Stamp duty of RM 1 for RM 1000 or part of ( if 1,000 up to 2000 it will be RM 2 ), so for this example Rm 1,100 will be charged RM 2, If the purchase is bigger then the maximum Stamp Duty charged is RM200
iii) Clearing fees = 0.03% x 1,100 = RM 0.33

So your total cost = Rm 1,100 + 8.88 + 2 + 0.33

= RM 1,111.21 ( for Sell, just minus all these from the RM1,100)

Hope this helps

This post has been edited by Remng: Aug 3 2010, 10:32 PM

Is Rm 1 for Rm 1000 as shown in the example

Didn't get you on the expensive issue, your cost of trading only Rm 8.88 + 2 + 0.33 = RM 11.21 for trade with itrade

If call remisier to buy it will be RM 40 for brokerage not RM 8.88, the rest of the fees are the same ie RM 2 + Rm 0.33

Hope you get it

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Added on October 4, 2010, 10:08 pmgreat

Just familiarise with the platform

https://secure3.itradecimb.com.my/gcCIMB/cliLoginQsea.jsp - for Bursa Malaysia shares trading

Rm 8.88 account only for Bursa Malaysia shares trading.


https://my.itradecimb.com.sg/app/home.z - for foreign shares trading, at the moment online trade for Singapore, Hong Kong and US, offline trade for Indonesia, Thailand, UK, Canada, Australia etc. But Singapore, HK and US are more active and popular among traders and investors.

Good luck

This post has been edited by Remng: Mar 28 2011, 11:38 AM

yes, you can trade most foreign shares in cimbitrade, please refer to my previous post. However at the moment online trade only for Singapore, HK and US, for ASX and other it will be through phone call, in the future, trade will be online for other markets mentioned.

Thanks

This post has been edited by Remng: Mar 28 2011, 11:39 AM

yes at the moment it's real time for Singapore price feed, Us and Hk is delayed, but I am viewing online now it's quite close to live. We are in the process of making live and adding more foreign market. Pm sent

pm sent.

Thanks

The requirements are as follow:

1) Open an ONLINE trading account, this will allow you to trade Bursa Malaysia and Cross border (foreign shares), please pm your phone to arrange filling up of forms

2) Once you get a client code ( within 2-3 days ), you proceed to open a clicktrader account which is RM 8.88 per trade, you will be required to fill in forms required by CIMB Bank. Initially you need to bank in Rm 1,000 only unless you need to trade then you will need to maintain rm10,000 to enjoy rm 8.88 per trade, and only for trading in Bursa Malaysia shares. As to US$500, this is not necessary until you start trading cross border, then you need to deposit amount you want to invest in your trust account.

I have PM the SGX phone and online rate. Please do not hesitate to contact me if any clarification is needed

Thank you

This post has been edited by Remng: Mar 28 2011, 11:41 AM

Pm sent

thanks

This post has been edited by Remng: Oct 8 2010, 10:11 AM

No problem with the site please check your Internet connection

Cimb securities online data to trade oline is free of charge for cimbitrade clients

Itradecimb Clients mean you open an ac with Cimb Securities. Pm sent

thanks

This post has been edited by Remng: Oct 12 2010, 10:28 AM

Sorry friend, I missed out. Pm sent

thanks

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Added on October 13, 2010, 10:07 amTry to check your funding or call customer service, no problem on my site here

This post has been edited by Remng: Mar 28 2011, 11:43 AM

I am sorry I couldn't see the problem on your site, Internet connection? Cimb bank fund to eipo? Technical problem ? Lots of factors, hope u solve the problem as it fine over here

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Added on October 13, 2010, 11:32 amTo VinniJeyaa and cutiepie

thanks for your interest in itradecimb

pm sent

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Added on October 13, 2010, 12:04 pmhi friend

have you solved the problem, just check again with the company everything ok, please call 03-20849890 and state your user id, CDS no to resolve the problem, don't worry they are very helpful.

Thanks

This post has been edited by Remng: Oct 13 2010, 12:04 PM

Hi

Glad that you solved your problem, sad that the business didn't go to us. As I said I am not sure of your problem, like u said may be IT or something else. It is isolated as we don't encounter any problems here, hope u use Cimb next time

thanks

http://www.itradecimb.com.my/

Please check this site to familiarise with cimb trading

txs

At the moment the best is using IE, not supporting safari in iPhone just yet but stay tune it will be soon

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Added on October 14, 2010, 11:08 amThere is no minimum in deposit required but u do need to put in fund to your account when you want to buy shares in local or foreign shares for online trading

thanks

This post has been edited by Remng: Oct 14 2010, 11:08 AM

Ok first of all you suppose to check with your Remisier as he/she suppose to take care of your account and need, if you are opening with the company then u need to call the customer service that handle your ac, then it's only proper and fair. As I am a commissioned based Remisier as well.

Well for this time and your situation you need to check either you buy thru I- trade or click trader ac which is different ac code, if itrade then just go to e-settlement follow the steps to make payment with internet banking thru Cimb bank, maybank, pbb etc or you do a cash or cheque deposit into Cimb securities under your client code. For click trader ac as long as you have sufficient fund in there it will settle the purchase.

Txs

Cimb itrade to trade local n crossborder open with cimb securities, rm 8.88 per trade nominee ac open with cimb bank, but the ac are link into the trading platform in www.itradecimb.com.my, only different ac no and rates, you need to maintain rm10k to enjoy rm8.88 in the clicktrader ac. As the ac is under remisiers and u don't need to put in Usd 500, ONLY when you want to buy, u need to put in fund BEFORE buying. Please refer to my previous detailed reply to you

tq

This post has been edited by Remng: Oct 15 2010, 09:30 AM

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Added on October 15, 2010, 2:42 pmThere are no other charges, may be it is the malaysian stamp duty clearing fees charges but that's trivia of about .1% with a. Max of rm200. We have sister co in Singapore - GK Goh Securities.

<rm100k - .42%
>rm100k - .28%

Thanks for your interest

This post has been edited by Remng: Mar 28 2011, 11:48 AM

Great. The 10k balance is NOT needed if u r not trading Malaysian stock under the clicktrader ac. Please do bear in mind u do need to put in fund first to trade sgx or cross border shares online.

Opening ac is free but the co reserve the right to close it if no trading for 6 months.

Pm sent

Txs

Please pm your client code to check whether you have opened cross border trading ac

txs