I prefer make investment at foreign country ,like USA or United Kingdown. With 1 USD i can start make investment.I have earn $50 USD,I begin with $1 USD.
Most Malaysian Bank kiling,public,they give loan,without nice and carefully examination thier customer,if their customer cant pay thier loan ,there start summon public.For me, the better Bank in Malaysia ,is Maybank.
MIMB Investment Bank Berhad is well organised and profesional in handling their clientele.Their trust fund accounts pays you a 2.30% pa, statements up to date, on line trading services are good.
I guess paying RM42 should be through remiser where the transaction is done over phone call or counter service instead of online trading. For petty trader like us should use online trading, more saving.
I still prefer Jupiter. Their service is good and also offering the lowest brokerage rates. I am a day trader and I love their 0.05% brokerage rates! eventhough i a collateral account holder, i still get to enjoy 0.05% for day trades!
Dear newcomer, Collateral account is an account where you can trade up to a certain limit of the cash or share value in your account.
For example, if your cash balance is RM5000 and share value is RM8000 in your trading account, and your trading limit is 2xcash + 1xstock collateral, then your trading limit would be 2xRM5000 + 1xRM8000 = RM18000.
On the other hand, cash account is an account where your trading limit is only up to the cash balance in your account. In the example above, the trading limit would be RM5000.
The brokerage fees are usually lower for cash account compare to collateral account.
Just 6 X higher only. I pay 0.1% brokerage only (PC + Mobile trading) wt min of rm8....for all my trading & without any limit. As well the bank give around 2.4% to 2.6% interest to the remain balance of my fund (subject min of rm 1k).
I have maybank nominee account, so far works well, rate rm8 min (promotion) normally rm12....but as analyst i refer to TA n kenanga...there reseach abt stock much better than Bank's research on stock....
Ecmmoney offers Cash Upfront 0.08% or min RM10, non cash upfont products at 0.08% (intraday) - 0.20% (T+1 onwards) overnight rates min 12. Rates effective 1st July 2011
We offer -0.10% Intraday -0.21% Overnite Rate min brokerage is RM12.
Direct CDS account (not nominees CDS)
Trust Account Pay 2.6% p.a.
Trading Platform run on Windows, Mac OS, Android, Ipad, Iphone.
Multiple Markets includes HongKong, Singapore, USA, Thailand, Indonesia, Australia, Britain and Canada.
Our research teams rated among the tops in Malaysia, Singapore, Thailand, Indonesia and Hong Kong.
Share Margin Financing Rate is BLR-2% (BLR at 6.6%), Financing on Equities Warrants(company warrants eg. IJM-WC, WCT-WB, MBSB-WA and etc) are available!!!!!!!
Collaterized Trading Account - 3x trading multiple on Cash, 2x on Shares, 0.5x on Warrants.
Cash Upfont Account - Brokerage Rate can be lower than 0.05%
Payment/Settlement can be done via Maybank2u.com, Cimbclicks.com or FPX (Hong Leong, Bank Islam, Public Bank)
Futures Account - Crude Palm Oil Contract and FBM KLCI Futures Contract brokerage rates are fully negotiable. (Single digit brokerage rate is possible for high volume client)
lastly, new account can be opened before next trading day.
For Ecmmoney the RM100 minimum is only referring for withdrawing from your trust amount, there is no minimum deposit requirement. It is possible to withdraw all the money out of your trust account if you close your account.
Ecmmoney will reimburse for up to five counters but it is possible to be reimbursed for more pending approval. Approval will depend on the value of the shares being transferred over.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
freedomguy
1 posts
Posted by freedomguy > 2011-04-15 10:06 | Report Abuse
why no Malacca Securities?