44 people like this.

949 comment(s). Last comment by chinvest17 2 months ago

speakup

26,985 posts

Posted by speakup > 2014-08-20 07:25 | Report Abuse

Kenanga d best!

yongyou

4,676 posts

Posted by yongyou > 2014-08-20 11:19 | Report Abuse

HLeBroking also RM8 for Value Trade. I signed for this. But still trying to learn how to use it.

yongyou

4,676 posts

Posted by yongyou > 2014-08-20 15:05 | Report Abuse

what it meant by for "Value Trade account, the trading limit will be capped at 99%". where is the remaining 1% goes? Kept in the Fund Account?

Posted by Edward Lee > 2014-08-20 17:06 | Report Abuse

CIMB will have 1x based on cash and up to 1x based on share value trading limit

Posted by WinsonLee > 2014-08-21 10:19 |

Post removed.Why?

Posted by maikanjeong > 2014-08-21 13:47 | Report Abuse

edward, r u remisier for cimb? is there any upfront fee to enjoy the 0.1% / min8? can i open cimb acc if im not in mys?

Posted by Thean Chiap > 2014-08-21 17:53 | Report Abuse

hi guys..
im a newbie here...
i wish to ask which bank can get the best broker rate and services?
CIMB bank or HLe Broking
Thank you.

Posted by winsontan520 > 2014-08-22 15:41 | Report Abuse

HLeBroking. i am trading all the time using HLeBroking mobile app

Posted by Edward Lee > 2014-08-23 13:41 |

Post removed.Why?

Posted by Edward Lee > 2014-08-23 13:43 |

Post removed.Why?

Posted by Superman009 > 2014-08-25 23:21 | Report Abuse

AmInvestment Bank offers the lowest brokerage rate at 0.035% or minimum RM6. It offers the lowest brokerage rate in the whole of Malaysia (compared to all the other brokers). Trading with the eDirect account with AmInvestment Bank and I am happy with the service so far. If you want to know more about eDirect, just go to www.amesecurities.com.my

Posted by Wisesevestor > 2014-08-27 10:15 | Report Abuse

0.035%, there is always hidden charges! or u hv to make certain deposit? not worth indeed, its just an external appearance~

gc7sdu

13 posts

Posted by gc7sdu > 2014-08-27 10:18 | Report Abuse

Agree...must hv minimun deposit only get this rate if not back to normal one.

yongyou

4,676 posts

Posted by yongyou > 2014-08-28 10:11 | Report Abuse

Hi Edward Lee, need cash upfront or deposit?

yongyou

4,676 posts

Posted by yongyou > 2014-08-28 10:12 | Report Abuse

Hi Edward Lee, do you provide TP/TA/Buy & Sell Recommedation to your client?

Posted by Jenz Cheng > 2014-08-28 16:13 | Report Abuse

hi, does anyone know where can i find a list of oversea rate(if i need to trade oversea stock). Which trader is better rate ? thanks

yjsoh

2 posts

Posted by yjsoh > 2014-08-29 13:37 | Report Abuse

Any Bank can Open Trading account? I also new in Share now. Would like to learn more.
Any wed site and give more info., How to start and what to know in Malaysia before start invest into Share. Thanks for the advice.

Posted by Edward Lee > 2014-08-29 15:22 | Report Abuse

Hi yongyou, for first time, you must deposit some cash first, then after you bought certain shares, u can use the limit from the share to buy another share, but after 3 working days you have to top up the money.

I can provide if you need it.

Posted by Edward Lee > 2014-08-29 15:26 | Report Abuse

Jenz Cheng: which foreign market u mean? CIMB can open trading account to trade foreign shares, including US, Singapore and HK shares thru online~~
yjsoh: u need to contact a dealer representative in order to help u open a share trading account. U may contact me if u r interested of CIMB one.

Posted by Superman009 > 2014-09-01 19:37 | Report Abuse

Dear All, I am trading via AmInvestment Bank. It is indeed the lowest brokerage rate in the market - 0.035% or minimum RM 6 and there are no hidden charges and no minimum deposit is required. You can always call the customer service at 03-20310102 to find out and clarify on these issues. So far I am enjoying the lowest brokerage rate and am satisfied with the customer service.

Posted by Superman009 > 2014-09-01 22:26 | Report Abuse

AmInvestment Bank - 0.035% or minimum RM 6 for cash upfront, no minimum deposit needed. Why pay more brokerage at Hong Leong? Anyway, just to share out good deals with you guys.

Posted by Superman009 > 2014-09-01 22:32 | Report Abuse

I just don't get it. If you are looking for low brokerage rate and willing to pay 0.0388% or min RM 8.88 at CIMB, might as well go for 0.035% min RM6 at AmInvestment... Anyway, happy trading. As long as we can earn gains from stocks, anything lar. It's just that with lower brokerage rate, we can trade more and maximise our profits.

haikeyila

1,068 posts

Posted by haikeyila > 2014-09-02 10:37 | Report Abuse

whats the point of having low brokerage when its a cash upfront? You are giving your money for free even before you trade. It should have been zero brokerage, but then again no free lunch in this world.

Posted by Superman009 > 2014-09-03 11:42 | Report Abuse

AmInvestment Bank - 0.035% or minimum RM 6. I opened the eDirect cash account. According to the salesperson, there is also a eDirect Hybrid account whereby shares can be pledged (cash X 1 time, shares X 1 time), basically more trading limit at 0.035% or minimum RM6.

sg999

1,805 posts

Posted by sg999 > 2014-09-08 00:32 | Report Abuse

walk in ambank to open it?

rlch

4,142 posts

Posted by rlch > 2014-09-08 07:38 | Report Abuse

Good many open eDirect(cheapest online trading) acct so that AMBank can benefit.

Posted by Superman009 > 2014-09-08 09:36 | Report Abuse

There will be a salesperson to help you sign up the eDirect account or you can also walk in to AmInvestment Bank (at Jalan Raja Chulan and a few other branches, I am not very sure) to sign up. For me, the salesperson came to me. Let me search her name card... Just call Nichole Koh 012-6591667.

Posted by Edward Lee > 2014-09-10 07:35 |

Post removed.Why?

Posted by Wisesevestor > 2014-09-10 07:39 | Report Abuse

eh dei, stop AMbank promotion here.. the service is XXXX.... 0.035% with a lot covenants bound!

Posted by Moraz Klg > 2014-09-12 10:05 | Report Abuse

Who here have good experience used Maybank IB? Can you explained related broker charges & need cash upfont during opening..

Posted by Pick 顺 Soon > 2014-09-20 21:48 | Report Abuse

Sorry Everyone, Anyone know how much the brokerage fee/commission for TA Securities and BIMB Securities?

hom3boy

592 posts

Posted by hom3boy > 2014-09-20 21:50 | Report Abuse

how much is the interest for margin maybank?

Posted by Edward Lee > 2014-09-22 17:20 |

Post removed.Why?

Posted by Wisesevestor > 2014-09-26 13:41 | Report Abuse

anyone know that CIMB brokerage for tradebeyond? and can trade foreign share?

konchy

1 posts

Posted by konchy > 2014-09-30 22:25 | Report Abuse

Anyone of this can buy US based Vanguard ETFs?

Posted by Edward Lee > 2014-10-01 15:56 |

Post removed.Why?

speakup

26,985 posts

Posted by speakup > 2014-10-01 16:08 | Report Abuse

Kenanga the best
https://www.kentrade.com.my/KenTrade

alivetoinvest

1,247 posts

Posted by alivetoinvest > 2014-10-21 14:19 | Report Abuse

where to open an account for futures?
With the best commission rates

Posted by blackjeanz > 2014-10-22 17:34 | Report Abuse

Hey guys, I have a little question here about the transaction cost of shares trading, can sifus here give advice?

For example if my brokerage fees is 0.7% (minimum rm40), clearing fees 0.03%, stamp duty rm1 for every rm1000 (maximum rm200)

Let's assume that I made the following purchase in 1 day:

Stock A: 10,000 shares x RM4.52 = RM45,200 (gross value)
Stock B: 10,000 shares x RM0.21 = RM2,100 (gross value)
Stock C: 5,000 shares x RM64 = RM320,000 (gross value)

So what is the total transaction fees payable for this investment?

METHOD 1:

Stock A: (RM45,200 x 0.7%) + (RM45,200 x 0.03%) + RM46 stamp duty
= RM316.40 + RM13.56 + RM46
= RM375.96

Stock B: (RM2,100 x 0.7%)+ (RM2,100 x 0.03%) + RM3 stamp duty
= RM40 (RM14.70 < min. RM40) + RM0.63 + RM3
= RM43.63

Stock C: (RM320,000 x 0.7%) + (RM320,000 x 0.03%) + RM200 stamp duty (max)
=RM2,240 + RM96 + RM200
=RM2,536

Total transaction fees payable = RM375.96 + RM43.63 + RM2,536
= RM2955.60 (round up from RM2955.59)

METHOD 2:

(Gross value of Stock A + B + C) x 0.7% = RM367,300

BROKERAGE FEES
(Gross value of Stock A + B + C) x 0.7% = RM2,571.10

CLEARING FEES
(Gross value of Stock A + B + C) x 0.03% = RM110.20 (round up from RM110.19)

STAMP DUTY
(Gross value of Stock A + B + C) / RM1000 = RM368 (round up from RM367.30, but maximum is RM200, so we calculate only RM200)

Total transaction fees payable = RM2,571.10 + RM110.20 + RM200 (max.)
= RM2,881.30

So which method is actually the real method?
Or there is another method used to calculate the transaction cost other than these 2 methods?

Please help! I am confused =/

alantan

59 posts

Posted by alantan > 2014-10-22 17:49 | Report Abuse

METHOD 1 is correct

Posted by blackjeanz > 2014-10-22 20:00 | Report Abuse

really?
then the stamp duty that I will be paying will be more than RM200 liao wor?

Posted by blackjeanz > 2014-10-23 00:38 | Report Abuse

yes, indeed
my questions may sounds stupid but I think it's better to make it clear than pretending that u know everything when u'r not haha

rishi

372 posts

Posted by rishi > 2014-11-03 21:31 | Report Abuse

I'm new here any suggestion for newbie trading account?

yifie_911

1,580 posts

Posted by yifie_911 > 2014-11-08 02:03 | Report Abuse

Is it real for the brokerage be only rm8?

chieng8182

340 posts

Posted by chieng8182 > 2014-11-08 17:29 | Report Abuse

any broker offer share financing margin which accept pledged amanah saham malaysia beside cash, fd and share?

Posted by Karunaiswaran Sivaguru > 2014-11-11 02:04 | Report Abuse

Hi, is anyone using HLeBroking 1Trade account? If so, how much will the the brokerage fee if buy at RM3000..

Posted by AndrewLim > 2014-11-14 12:25 | Report Abuse

I'm new here,can any senior teach me how to earn money fast?

Posted by Edward Lee > 2014-11-17 20:39 |

Post removed.Why?

bearguy

210 posts

Posted by bearguy > 2014-11-18 16:29 |

Post removed.Why?

bearguy

210 posts

Posted by bearguy > 2014-11-18 16:39 | Report Abuse

the above brokerage and charges is very outdated. All the broker firms are offering much lower brokerage charge.

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