08-01-2009: Zero brokerage fee on CIMB Clicks Trader

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KUALA LUMPUR: CIMB Investment Bank Bhd’s clients can now buy and sell shares online under ‘Clicks Trader’ without paying any brokerage fees from tomorrow.

In a statement, CIMB said the zero brokerage offer made in conjunction with the upcoming Chinese New Year celebration would set a new standard for rewarding retail investors. The offer will be available till March 8, 2009.

It said investors who previously traded through ‘Clicks Trader’ accounts already enjoyed one of the lowest brokerage fees in the market at RM8.88 per transaction as well as the convenience of trading online.

Clicks Trader harnesses the expertise of CIMB Investment Bank and the technology of CIMB Clicks, the banking portal of CIMB Bank Bhd.

To qualify for the zero brokerage fee, investors need to open a ‘Clicks Trader’ account with a minimum of RM10,000 and share a trading account with the investment bank as well as register for CIMB Clicks.

“It’s always been easy, it’s always been low cost but now we have made it free too,” said CIMB Bank’s head of retail banking Peter England.