Thanks guy for such clarification. I will have to call CIMB dealer tomorrow morning. I have attached the JPEG pic. Please take a look at the balance. I believe it is RM 512.89 instead of RM 612.89

Hey guys,

What is the interest rate given out by CIMB investment bank on unused money in the trust account?

When we purchase a stock, does the bank automatic deduct money from my trust account or do i need to click the pay at "T3" then click "pay" at the bottom page in the outstanding transaction ?

Yes, it's.

Min is RM 28 and the brokerage rate is 0.42%

Hi david83,

Understood that the brokage fee is 0.42% or RM28 whichever higher. I couldn't understand my balance which is short of RM 100.

My account balance turned to RM1 again. This is the second time it happened again. I wonder does anyone experienced similar problem before ?

Actually I still have around RM9K++ last night and I didn't make any purchase so far. Or do I really need to maintain RM10K in order to make any purchase later ?

I have a question regarding this ITrade brokerage system. A year before, I've subscribed to the CIMB Investment Banking through a dealer . So, I only need to pay minimum RM 12 since I'm using a trust fund (dunno what they called it, like sharing account). One disadvantage of the sytem is I don't have my own account, I have to called/sms them whenever I have to deposit money for shares. I also didn't have to do anything once my desired shares (buy) matched, where they will do everything for the settlement (T+3) even though there are a function to do the e-settlement in the ITrade system (I'm not allowed to use it  ).

What puzzled me is once I checked the ITrade system, my dealer name is difference from both person that doing all the job of the my settlement and manage the deposit money . The branch only have 2 person, so who is the other one? HQ?

My question is how much do they get when I'm using the ITrade? The dealer is difference person, and did the dealer in the branch get any divide profit? or only the dealer at the HQ person? or dealer means they get nothing, only remisier can share the brokerage profit? 

Just have a little doubt .. 

Thank you ..

Hi,

I have done few transactions using iTrade, all of which have been charged with minimum brokerage fee of RM28.
How to get lower brokerage fee of RM12? Do i need to specially apply to cimb?
Besides, my brokerage rate is 0.7%. Do I also need to apply to cimb in order to get 0.42%?

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Regarding iTrade eSettlement, i find it rather frustrating to use. Yesterday i have two transactions due.
Balance in my trust account was enough to settle one transaction only.
Hence, i transferred credit from cimbClick to my trust acount using eDeposit.
However, balance of my trust account was not increased even though eDeposit status showed tat the transfer was indeed successful.
So i called up the dealer. In the end the dealer informed me she already helped me to settle the transactions. But, the story not ended here..

After market closed, i checked the settlement status through iTrade. The inquiry screen showed that my transaction was still outstanding and considered as OVERDUE PURCHASES, which means today the stocks will be forced sale.

I'm so confused now, i donno where the money that i transferred via eDeposit is gone... Balance of my trust account not increased, nor the transaction is paid...     
Haiz, i have to call up the dealer again later to find out what happened...     

For me, this is a rather painful experience using iTrade, i couldn't get peace of mind whole day. The eSettlement and eDeposit seem not functioning well... My dealer repeatedly reminded me not to use eSettlement and eDeposit. Instead, I was advised that:
- i should call my dealer whenever i want to transfer money to trust account
- let the dealer settle my transactions on T+3
If everything must go through dealer, then what is the purpose of having eSettlement and eDeposit?     

my brokerage rate 0.42% / rm28.can bargain for minimum RM12?

Hi! Can anyone give me the link or the thread regarding how to use My Watchlist. Been trying to get this started for sometime but my feeble mind does not compute. Their Q&A on this matter is based on the old format and does not fit in.

Forummers help is appreciated

Thanks

That's odd. I don't seem to have that problem.
Try getting the latest version of Java. Maybe that will solve the problem.
Alternatively you could drop them an email.

guys, i am a current itrade cimb user , but i would like to upgrade my non-margin account to margin account.

Can some1 teach me how to upgrade my account to margin account??
Need help seriously.... I already emailed to their customer service but no feedback yet >.<

cimb is promoting rm8.88 brokerage fee, is there anyone using it here? any t&c? i'm using itrade btw.  thks~