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

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peace_fun
post Mar 21 2009, 10:49 PM

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hi, i am a beginner would like to apply fo the broking account. Is cimb i-trade the one recommended?
if i apply for cimb i-trade, could anyone please advise me which type of account is better to choose from direct trading account, securitised trading account (Direct) or securitised trading acount (Nominee)? normally which account type do you all apply for? and what is the difference between these type of accounts? thanks....
peace_fun
post Mar 26 2009, 10:35 PM

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QUOTE(yapbswan @ Mar 26 2009, 11:33 AM)

direct trading account = normally use by remisier, trading limit given by remisier.
securitised trading acc (direct or nominee) = securitised mean is collateral based, trading limit based on 3 times of your cash deposit, 2 times of your shares.
direct = the acc is direct to you
nominee=the broker house is the nominee on behalf of you, but you are still the account owner, just that everything will go through the broker house
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about the direct trading account, is it means the limit depends on how much deposit i have in my account? actually what is means by "use by remisier"? not use by the account owner?
normally which account is recommended to open?...thanks
peace_fun
post Mar 29 2009, 09:08 PM

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QUOTE(yapbswan @ Mar 27 2009, 01:39 AM)
Securitised acc will be based on the money in your trust account.

Mean that acc is non-collateral based, normally dis type of acc open under remisier, trading limit can be given without putting in any cash.

Normally client will open securitised trading acc - direct.
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so if i tick "Cross Border Securities Trading" as well, is it can be used immediately after my i-trade account been approved? normally how long need for the approval if i apply for I-trade Online Trading + Cross Border Securities Trading?
When i trade in US market, is the procedure to trade same as in Malaysia market?

Also i would like to know how much brokerage or any other fees for trading in US market?...thanks
peace_fun
post Apr 2 2009, 11:58 PM

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QUOTE(trainee06 @ Apr 1 2009, 02:02 PM)
Normally  cross-border need a longer period of time, if not mistaken 2 days. Because the account is open at singapore (cimb-gk) not malaysia.
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is it means that everything which i need to present myself, then i have to go to cimb at s'pore?

for local itrade, when i register online, the cimb broking branches for selection are only cimb kl, kk, kuching & penang. does it means that everything must go the one of the branch only? what about the cimb investment branch at another states? can i go to other branches for any other related issues? ...thanks...
peace_fun
post Apr 6 2009, 09:11 PM

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QUOTE(lms2005 @ Apr 6 2009, 12:24 PM)
wat is different between

direct trade account
securitised trading account-direct
securitised trading account-nominee
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i did get reply as below about the same question....can refer to it...
QUOTE(yapbswan @ Mar 26 2009, 11:33 AM)
direct trading account = normally use by remisier, trading limit given by remisier.
securitised trading acc (direct or nominee) = securitised mean is collateral based, trading limit based on 3 times of your cash deposit, 2 times of your shares.
direct = the acc is direct to you
nominee=the broker house is the nominee on behalf of you, but you are still the account owner, just that everything will go through the broker house
*
QUOTE(yapbswan @ Mar 27 2009, 01:39 AM)
Securitised acc will be based on the money in your trust account.

Mean that acc is non-collateral based, normally dis type of acc open under remisier, trading limit can be given without putting in any cash.

Normally client will open securitised trading acc - direct.
*
Added on April 6, 2009, 9:13 pmI had apply online for the itrade, after 2 days no receive any call from cimb investment... is my next step to do is just wait for phone call from cimb investment, then only submit the application form? normally this process will take how long period?

This post has been edited by peace_fun: Apr 6 2009, 09:13 PM
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