Before I starting invest I always heard my uncle, father calling remiser and ask them buy or sell over phone, which is very inefficient. Nowsaday we got ADSL-- streamyx, Wimax -- P1, 3G -- Digi, Celcom, Maxis so popular we can trade over internet. We're new generation we are better and improve from old generation and mistake.
Ok, stop the crap, let's compare how we save trade over internet.
1.) Phone charge vs Internet charge: It's depend on frequent you buy and sell, if you buy and sell more most likely your phone bill will be much higher than internet fee(fixed). If you're oversea the phone charge will be much much more expensive than internet definitely.
2.) Remiser Commission: This's the most saving part...
| Transaction amount (RM) | Phone | Total | Internet | Total | You save |
| 1,000.00 | 0.60% | 6.00 | 0.42% | 4.20 | 1.80 |
| 5,000.00 | 0.60% | 30.00 | 0.42% | 21.00 | 9.00 |
| 10,000.00 | 0.60% | 60.00 | 0.42% | 42.00 | 18.00 |
| 100,000.00 | 0.60% | 600.00 | 0.42% | 420.00 | 180.00 |
| 1,000,000.00 | 0.60% | 6,000.00 | 0.42% | 4,200.00 | 1,800.00 |
It's only sell or buy, if you want to complete transaction your cost will be x2 buy and sell.
I've survey most of the online platform security firm have provided and find out jupiter provide most cost saving and nice platform.
| Transaction amount (RM) | Other Online Bank | Total | Jupiter | Total | You save |
| 1,000.00 | 0.42% | 4.20 | 0.10% | 1.00 | 3.20 |
| 5,000.00 | 0.42% | 21.00 | 0.10% | 5.00 | 16.00 |
| 10,000.00 | 0.42% | 42.00 | 0.10% | 10.00 | 32.00 |
| 100,000.00 | 0.42% | 420.00 | 0.10% | 100.00 | 320.00 |
| 1,000,000.00 | 0.42% | 4,200.00 | 0.10% | 1,000.00 | 3,200.00 |
Some fella might argue say, jupiter is not safe. It's not under PIDM. So whatever you buy and sell or cash keep in trust account will be gone....
And it's what I got "Malaysia Deposit Insurance Corporation (PIDM) is meant for the Banking Institutions only (Commercial Banks and Islamic Banks). As for the Stockbroking Firm, we are under Bursa Malaysia Rules and Regulations.Your money will deposited to your name @ 'Trust Account" with us separated from the company's operation account.Kindly be informed that we are in the different institutions.Thus, your monies are safe and its protected under Section 111 of the Capital Markets & Services Act 2007."
So now, you're not only save $$ and you're safe too...
Save now, you can make $$ by price going up by 1 tick or 2...
Example:
Posts
actually u can writing to hong leong ebroking to ask for 0.38%.
ReplyDeleteHi Terry,
ReplyDeleteI was using hongleong ebroking before, even Hongleong given you 0.38% compare to jupiter 0.10% how much you're saving ?? think....
of course, jupiter is the winner of the day, in terms of lowest brokerage charge. I may have to switch ebroking after your post about this. Keep posting, thanks for the info.
ReplyDelete