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doc2mee
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« on: July 03, 2007, 11:43:37 PM » |
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Jz wondering
1.If I buy share, do u still buy in 1000 unit or can buy in smaller lots?
2. is the commision still the ame ah?
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Pure chartists & firm believer of efficient market theory esp in Malaysia where rumor is hot news
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smallcap
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« Reply #1 on: July 03, 2007, 11:57:25 PM » |
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Welcome to The World of Bizfun doc2mee!!! 1. The minimum unit for stock trading now is "1 lot = 100 unit/shares". 2. It depends on ur remisier or the securities firm. The commission is negotiable... if u r a big player  |
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High Risk High Return
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bizfun
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« Reply #2 on: July 05, 2007, 12:18:50 AM » |
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Don't forget the minimum charge, even you buy just 1 (one) share, you have to pay RM12 if not mistaken.
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doc2mee
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« Reply #3 on: July 05, 2007, 12:56:39 AM » |
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Don't forget the minimum charge, even you buy just 1 (one) share, you have to pay RM12 if not mistaken.
Any1 try maybank securities .. online ? how do they charge? |
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Pure chartists & firm believer of efficient market theory esp in Malaysia where rumor is hot news
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smallcap
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« Reply #4 on: July 05, 2007, 09:11:30 AM » |
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Don't forget the minimum charge, even you buy just 1 (one) share, you have to pay RM12 if not mistaken.
U r right bizfun. Minimum brokerage charge is RM12.00, + stamp duty is RM1 for the transaction below RM1,000; then RM2 for RM1,000-RM1,999... and subsequently. And there is one more charge 0.04% apply on the total transaction amount, i can't remember what is that, have to check my statement when go back home.  Thats mean buy+sell will minimum cost u about RM26.50... Correct me if i am wrong Any1 try maybank securities .. online ? how do they charge?
Yup, i am using Mayban Online Stock, the charges are same as we still need our remisiers to confirm our orders. Maybe u mean about the charges to access to the Online Stock? Is free providing u r Mayban Securities client |
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High Risk High Return
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doc2mee
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« Reply #5 on: July 05, 2007, 11:41:51 PM » |
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okay
when u need to buy a share u still need to call up maybank securities right... then it isn't online buying izzit?
jz viewing the price change online and then call up them up to trade.
then when u want to sell u still need to call them up again .. aiyoo.. samalah macam dulu.. when i need to dump the share the phone line is always engaged..
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Pure chartists & firm believer of efficient market theory esp in Malaysia where rumor is hot news
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desmond
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« Reply #6 on: July 06, 2007, 12:16:35 AM » |
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i think online trading means that u key-in your orders through internet. Order will appear in broker/remisier's PC. He then makes the order to some other guy (not sure who/where that guy is). Cheaper rate this way, but i still think our local "internet trading" is still one pathetic service. One of the reasons why i was compelled into dumping $ overseas & trading the forex online.  |
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bizfun
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« Reply #7 on: July 06, 2007, 12:57:26 AM » |
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okay
when u need to buy a share u still need to call up maybank securities right... then it isn't online buying izzit?
jz viewing the price change online and then call up them up to trade.
then when u want to sell u still need to call them up again .. aiyoo.. samalah macam dulu.. when i need to dump the share the phone line is always engaged..
Do it this way, open online trading account. Key in order to buy and sell without phone, the commission rate is 0.42%. You still can call to place order in case internet failure, then the rate become 0.60%. You can buy online, sell by call or either way. All transaction is realtime updated into your portfolio. The different is self key in, enjoy 0.42% rate and if phone call to operator is 0.60% rate. Your account must parked with money first before trading. |
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« Last Edit: July 06, 2007, 01:00:35 AM by bizfun »
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Maxforce
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« Reply #8 on: July 06, 2007, 07:54:20 AM » |
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i think online trading means that u key-in your orders through internet. Order will appear in broker/remisier's PC. He then makes the order to some other guy (not sure who/where that guy is). Cheaper rate this way, but i still think our local "internet trading" is still one pathetic service. One of the reasons why i was compelled into dumping $ overseas & trading the forex online. I concur completely. |
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"Ren fa di, di fa tian, tian fa tao, tao fa zi ran"
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smallcap
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« Reply #9 on: July 06, 2007, 08:12:16 AM » |
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Yup, desmond is right. We can submit our order via Online Stocks Trading, but still need the remisier to make the confirmation... unless internet failure as what Bizfun said, only we need to call up the remisier by phone. But how come i submit online also charged me 0.60% leh... hai......  |
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High Risk High Return
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Maxforce
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« Reply #10 on: July 06, 2007, 08:45:32 AM » |
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If not mistaken Maybank2u charges flat 0.6% irregardless whether it is online or not.
Not sure if they have changed this.
But if other brokerage, should be 0.48%.
Suggested the major ones to look at would be RHB, HLB, CIMB, Kenanga, Hwang DBS, etc many more.
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"Ren fa di, di fa tian, tian fa tao, tao fa zi ran"
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KK
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« Reply #11 on: July 06, 2007, 09:06:43 AM » |
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apex is charging 0.42% if trading online...  i heard that we not need to wait for our remisier to approve provided our limit is not violated |
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A Novice Trader Who is On The Journey Towards Success
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smallcap
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« Reply #12 on: July 06, 2007, 10:28:05 AM » |
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apex is charging 0.42% if trading online... i heard that we not need to wait for our remisier to approve provided our limit is not violated I don't like to trade directly without go through remisier, feel that is very risky if anything wrong with the transaction, we have to responsible for the losses. I dun mind that little 0.1 or 0.2% different of brokerage charge, i prefer to chitchat with my remisier once a while on the phone to get some professional advises and ofcos may get tips too  although most of the time i was submitted my orders through internet. |
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High Risk High Return
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KK
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« Reply #13 on: July 06, 2007, 10:36:36 AM » |
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you are right. but i heard that sometime the remisier not free or whatsoever and delay to press the approval key for their client.... of coz that would be only severe effect to those ultra short term player.
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A Novice Trader Who is On The Journey Towards Success
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bizfun
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« Reply #14 on: July 06, 2007, 10:57:34 AM » |
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If not mistaken Maybank2u charges flat 0.6% irregardless whether it is online or not.
Not sure if they have changed this.
But if other brokerage, should be 0.48%.
Suggested the major ones to look at would be RHB, HLB, CIMB, Kenanga, Hwang DBS, etc many more.
Maybank charge flat 0.6% and at the month end, they give rebate paying back to your account. |
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