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For new investor that want to trade in share market , He/She must over 18 ..then only can open a nominees/direct cds account before start trading.
Do remind that.....trade at your own risk....
and pls study/understand the company before you want to buy its share...
1) How to open a trading account?
Any Securities firm. Such as Public investment bank, HLG, CIMB......and etc
2) How much does it charge to open a trading account?
- Pay Rm10 to open a CDS Account. ( CDS = Central Depository System , CDS acts as a means of representing ownership and movement of securities. )
( Most of the Broking fims are now bear the Rm10 CDS fee for investor. Which mean is RM 0 cost when open a CDS account )
3) Types of trading account and brokerage rates
a) T3 Account (Retail)
- Normally, through Phone call buy sell order.
- Client to make payment by T3 for shares purchased or force selling by T4
- Brokerage rates is 0.6% for transaction below RM100,000 and 0.3% for above RM100,000
- Minimum brokerage fee is RM40
b) Online Trading Account （Ｃａｓｈ ｕｐｆｒｏｕｎｄ）
- Client to make payment by T3 for shares purchased or force selling by T4
- Minimum brokerage fee is RM12 or 0.42% whichever is higher
( For some broking house still maintains at Rm28)
c) Margin Account ( NOT CONFIRM YET )
- Share Financing from Public Investment Bank
- Interest charge is BLR + 2%
- Brokerage rates is 0.6% for transaction below RM100,000 and 0.3% for transaction above RM100,000
- Rollover fees is 0.5%
Do remind that.....trade at your own risk....
and pls study/understand the company before you want to buy its share...1) How to open a trading account?
Any Securities firm. Such as Public investment bank, HLG, CIMB......and etc
2) How much does it charge to open a trading account?
- Pay Rm10 to open a CDS Account. ( CDS = Central Depository System , CDS acts as a means of representing ownership and movement of securities. )
( Most of the Broking fims are now bear the Rm10 CDS fee for investor. Which mean is RM 0 cost when open a CDS account )
3) Types of trading account and brokerage rates
a) T3 Account (Retail)
- Normally, through Phone call buy sell order.
- Client to make payment by T3 for shares purchased or force selling by T4
- Brokerage rates is 0.6% for transaction below RM100,000 and 0.3% for above RM100,000
- Minimum brokerage fee is RM40
b) Online Trading Account （Ｃａｓｈ ｕｐｆｒｏｕｎｄ）
- Client to make payment by T3 for shares purchased or force selling by T4
- Minimum brokerage fee is RM12 or 0.42% whichever is higher
( For some broking house still maintains at Rm28)
c) Margin Account ( NOT CONFIRM YET )
- Share Financing from Public Investment Bank
- Interest charge is BLR + 2%
- Brokerage rates is 0.6% for transaction below RM100,000 and 0.3% for transaction above RM100,000
- Rollover fees is 0.5%
