QUOTE(David83 @ May 6 2009, 10:43 AM)
As I said earlier, the lower brokerage fee will only appear in the contract note. The system is set for a default value of RM 28.
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?
Aug 13 2009, 02:40 AM

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