Does anyone here knows what is the meaning "you do not have enough limit to buy" ?
I opened my account with i-trade

I have deposited min RM1K from CIMC clicks to the trust account. How to make sure that RM 1k is in that account?

Yup, confirm RM 1k is in the trust account but i cannot do any trading. These word pop up "you do not have enough limit to buy".

Hey do you guys know how much is the trading fee? Let say you buy at RM 3.580 for 100 stocks and the charges (tranfer fee) is RM 29.11. So total, i should pay is RM 387.11.

I have RM 1000.00 and after deduction due to trading is around RM 612.89. But when i checked my balance, it turns out that my balance is RM 512.89. Where is my RM 100 gone to ???

Yup, I did purchase 100 shares @ RM 3.58. I think it could be due to some hidden charges.

Why would dealer took my RM 100? i specify my buying price for 100 shares @ RM 3.58. Taking in trading fee into consideration, suddenly the trading fee become RM 129.11 for 100 shares @ RM 3.58.

Hi KB2005,

Could you clarify your figure by showing me some math here? I didn't see how you get the figure 0.42% based on what i experinced. Moreover how you calculate until your trading fee is RM 129.11 just for 100 shares @ RM 3.58. Don't you think it is too much to pay for?

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.

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

This post has been edited by thierry5259: Feb 22 2009, 06:47 PM


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Hey guys,

The RM 100 went to the cross border account. It is on basis on 90:10 ratio. This means 90% in local stock trading and 10% in non-local stock trading . Mystery solved

RM 1000 --> RM 900 in local and RM 100 in non-local

CIMB bank investment allows you to trade AMEX,NYSE, SGX,NASDAQ and other country. This is called cross border trading. 10% of your money will be in that account (cross border trading account). 90% remain in your local stock trading account.

If you do not open cross border account then i guess 100% of your money in local stock trading account.

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 ?