Author Topic: OSK brokerage fee? ( Any1 got Cheaper rate?)  (Read 14110 times)

Offline spy008

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OSK brokerage fee? ( Any1 got Cheaper rate?)
« on: October 07, 2012, 10:06:59 PM »
Hi,

I'm using OSK188...
Default rate should be 0.42% or min RM28 for trade <100k,

I realised that for some Investment Bank, these rates can be lowered upon requests,
So, I was wondering if any1 here using OSK188 and having cheaper rate?

If yes, mind to share what are the discounted rate currently enjoying and how to get them??

THANKS~~~  :) :)

Offline Dorky

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #1 on: October 07, 2012, 10:10:07 PM »
OSK is a ripoff.
I use Maybank with cash account (no margin) and they charge me just 0.1%.
I heard some others charges even less, like 0.08%.
But so far Maybank service is not bad and has improved a lot.
Buy, sell, up, down, gain, gain.

Offline ngaiFC

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #2 on: October 07, 2012, 10:15:31 PM »
i am using OSK a/c

for online trading, the normal brokerage rate is 0.42, minimum rate is rm12 whereby day trade rate is 0.15

Offline KLSE LOSSER

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #3 on: October 07, 2012, 10:31:01 PM »
HL ebroking. 0.1% for cash upfront acct.

Offline warren buffet

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #4 on: October 07, 2012, 10:34:25 PM »
Use ECM LIBRA..only 0.08%

Offline bearbull

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #5 on: October 07, 2012, 10:50:23 PM »
Osk online brokerage upon request to min rm 12.
Day trading buy sell 0.15% min 12
Cash up front buy 0.1% min 12 sell normal rate.
Interest 2.5 to 2.6% min, in order to entitle for interest min monthly interest must be rm 10 which is also approximately rm 5000 in trust.
Cash x 2 paid share x 2 colleteral for dealer side. Remisor side can be more.
If you trade very big can request lower lo.
 :D

Offline bearbull

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #6 on: October 07, 2012, 10:55:06 PM »
Also if you got  :cash: :cash: cimb cheapest. If no lui go for hlb.

Offline alvintan

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #7 on: October 07, 2012, 10:58:39 PM »
HL ebroking. 0.1% for cash upfront acct.

yes, it is called value trade account ...

0.42% 1 way is so ^ espensive

Offline Stock

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #8 on: October 07, 2012, 11:02:58 PM »
I am using CIMB Itrade which i think is the most expensive in the market.
Looking for cheapest rate...

Offline Treassure Hunter

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #9 on: October 08, 2012, 07:41:00 AM »
https://www.mplusonline.com.my/macsecos/

try this M+

i used it for 2 months d

0.038% or min RM6

i trade til RM16k, still charge min charge rm6

the platform is better than jupiter

Offline alvintan

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #10 on: October 08, 2012, 07:54:28 AM »
I am using CIMB Itrade which i think is the most expensive in the market.
Looking for cheapest rate...

each broker house also got the value trade account at 0.1%


Offline yeah016

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #11 on: October 08, 2012, 08:17:52 AM »
Now cimb got cash upfront account as well, just same like HLebroking.

Offline suasuake

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #12 on: October 08, 2012, 08:29:07 AM »
yaaaaaaaaaaa.......osk is damnnnnnnnnnnnn so expensive :phew: :phew: :phew: :phew:
even cash up front 0.1% min rm12 (one way only),then sell is normal rate 0.42%.
i m thinking of change to others.  :angel: :angel: :angel: :angel: :angel: :angel: :angel:

Offline suasuake

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #13 on: October 08, 2012, 08:32:58 AM »
even tips given also chin chai chin chai one.loose  :cash: :cash: by their tips given :finger: :finger: :finger: :finger:

Offline bearbull

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #14 on: October 08, 2012, 09:19:50 AM »
Also very mafan want change cash and online acc in osk....the limit is either in one axc.....cash no online....online no cash.....

Offline spy008

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #15 on: October 10, 2012, 07:31:32 PM »
OSK is a ripoff.
I use Maybank with cash account (no margin) and they charge me just 0.1%.
I heard some others charges even less, like 0.08%.
But so far Maybank service is not bad and has improved a lot.

HL ebroking. 0.1% for cash upfront acct.

How much do you need to put/maintained inside the account for the cash upfront? 10k? min charge per trade how much??

Offline Dorky

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #16 on: October 10, 2012, 07:44:08 PM »
How much do you need to put/maintained inside the account for the cash upfront? 10k? min charge per trade how much??

With Maybank cash account, there is no minimum cash upfront to maintain the account.
Whenever you want to buy, just deposit enough money to the account to buy - no margin, no contra, real cash.
Buy, sell, up, down, gain, gain.

Offline Dorky

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #17 on: October 10, 2012, 07:45:59 PM »
Last time a OSK manager said to me that the reason OSK is where it is today is because it never cut rates.
I was thinking to myself "Of course lah, after ripping off so many people for so long with higher rates than others, sure successful lah."
Buy, sell, up, down, gain, gain.

Offline sangkancil

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #18 on: October 10, 2012, 07:52:30 PM »
Osk online brokerage upon request to min rm 12.
Day trading buy sell 0.15% min 12
Cash up front buy 0.1% min 12 sell normal rate.
Interest 2.5 to 2.6% min, in order to entitle for interest min monthly interest must be rm 10 which is also approximately rm 5000 in trust.
Cash x 2 paid share x 2 colleteral for dealer side. Remisor side can be more.
If you trade very big can request lower lo.
 :D

ask osk afew time. .always told me dun have cash upfront account..end up i deposit money in other broker

Offline sangkancil

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #19 on: October 10, 2012, 07:57:12 PM »
Last time a OSK manager said to me that the reason OSK is where it is today is because it never cut rates.
I was thinking to myself "Of course lah, after ripping off so many people for so long with higher rates than others, sure successful lah."

haha...i realise it long time edi.. but have to maintain my acc coz still need the research material..trade occasionally only

Offline spy008

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #20 on: October 10, 2012, 08:00:42 PM »
Last time i pretend pretend asked my remisier if got cash upfront or not, when i didn't know some1 got cheaper rate... he din reply...

A forumer at ~* said he working with OSK told me that the remisier can give lower rate as long as they willing to (maybe they get less commission)....
Now, i msg-ed my remisier again, if no cheaper rate = bb....

Offline sangkancil

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #21 on: October 10, 2012, 08:14:34 PM »
i think to do on line money transfer to the trust sccount also got limit to osk.. if not mistaken 50 k only...

main reason i cabut to other broker becoz osk last time no online payment.. n always cal to pay on t3... if i buy 50k share.. the next day i sell 100k share.. they still call u to pay on t3. ..cannot auto set off  despite ur sales value is more than your purchase value...they claimed is bursa rule must pay on t3...so end up i pay 50k  .. n the next day i get back my 100k..

the hassle to get parking to pay.. make me **** off....this happen around 2008..since after i cabut i really didnt look back.. now i occasionally use it to maintain my acc with them to get report only..

n they will deactivate your acc if u never trade in 6 month.....i guess with this feature more n more difficult for them to retain loyal customer

Offline Dorky

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #22 on: October 10, 2012, 08:19:03 PM »
Dorky recommends Maybank online trading.  :thumbsup: :thumbsup: :thumbsup:
Buy, sell, up, down, gain, gain.

Offline jet

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #23 on: October 10, 2012, 08:19:11 PM »
I am using CIMB Itrade which i think is the most expensive in the market.
Looking for cheapest rate...
i use cimb & they got the cheapest rate so how come its expensive. Now is cheapest rate a good thing?
U have to do all the research yourself & no imput from the remisier. The remisier's job is to be on top of the game & if the client makes money the remisier also make money. Win win for both.

I notice here everybody want cheapest rate now look at yr performance then make an assessment. 9 out of 10 lose money....why? Aiaya cheap ma so can buy cowboy stocks & run fast cos low entry/exit cost. But many lose & stuck....that is the reality. Let me tell u a true story. A friend of mine...big punter/investor. Everyday fight with his remisier...cheapest rate etc & never listen to remisier. Bought #### stocks like namfatt, transmile, & many others worth 2-5m....he lost 90% of his money. His remisier also advice him dont buy but he shouts at him & say why u always talk bad of my stocks. Now look at the outcome.

So pls dont look at cheap cost but look what yr remisier can give value to u & help u to make money. No one person knows everything
Stockholding 1 . Short term
Mission....5-10k contra profit per month

Offline bearbull

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #24 on: October 10, 2012, 08:22:26 PM »
i think to do on line money transfer to the trust sccount also got limit to osk.. if not mistaken 50 k only...

main reason i cabut to other broker becoz osk last time no online payment.. n always cal to pay on t3... if i buy 50k share.. the next day i sell 100k share.. they still call u to pay on t3. ..cannot auto set off  despite ur sales value is more than your purchase value...they claimed is bursa rule must pay on t3...so end up i pay 50k  .. n the next day i get back my 100k..

the hassle to get parking to pay.. make me **** off....this happen around 2008..since after i cabut i really didnt look back.. now i occasionally use it to maintain my acc with them to get report only..

n they will deactivate your acc if u never trade in 6 month.....i guess with this feature more n more difficult for them to retain loyal customer

Can t4 pick up geh occasionally if u know ur dealer well.....

Offline outsiderchiu

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #25 on: October 10, 2012, 08:29:16 PM »
currently I use Amesecurities online;

For purchase order with up-front cash, brokerage rate is 0.035% with a minimum charge of RM6 per order. for purchase without up-front cash, the rate is 0.35% with a minimum fee of RM12.  
clearing fee = 0.03%; stamp duty = RM1 for every thousand value of transaction.

for selling order, brokerage fee = 0.035%  min RM6  clearing fee = 0.03%  stamp duty = RM1 for every thousand value of transaction.

I can also call up remisier /dealer, brokerage rate is 0.6% with minimum RM40.

can receive payment back to my designated bank account (join account also can) through Rentax / online transfer.

recently I receive dividend which is directly credited to my designated bank account and is  without any bank charges. (even though the bank did mention charge per rate depend on amount of dividend ).

above rate is subject to revise by Aminvestment Bank.

Offline mg42

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #26 on: October 10, 2012, 08:57:57 PM »
OSK trading platform is the best :thumbsup: the staff very friendly and sexy :)

Offline KLSE LOSSER

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #27 on: October 10, 2012, 09:26:51 PM »
How much do you need to put/maintained inside the account for the cash upfront? 10k? min charge per trade how much??
No such thing. But ur trading limit is based on ur deposit in ur trust acct.
Eg... U have 1k cash in trust acct. So your trading limit is ard rm950.

Offline bearbull

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #28 on: October 10, 2012, 10:44:01 PM »
OSK trading platform is the best :thumbsup: the staff very friendly and sexy :)

Totally agree. The good with osk is you know your dealer. So if your dealer is a leng lui then good for you....can ask them spend makan. For others bank you dont know your dealer so not so good...

Offline spy008

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #29 on: October 11, 2012, 04:11:54 PM »
Totally agree. The good with osk is you know your dealer. So if your dealer is a leng lui then good for you....can ask them spend makan. For others bank you dont know your dealer so not so good...

Haha.. I actually feel quite friendly with OSK staff... (but never compare with others IBs)
Therefore, I hope I can stick with OSK if possible.

BTW, I just asked my remisier and signed for OSK's cash upfront acc, 0.1% or min 12 when buy and 0.42% for sell.
Although it might still consider expensive compared with others, I feel happy enuf liao ...

 :nod: :nod: 

Offline juninthelink

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #30 on: April 19, 2018, 12:19:24 PM »
Hi,

I'm using OSK188...
Default rate should be 0.42% or min RM28 for trade <100k,

I realised that for some Investment Bank, these rates can be lowered upon requests,
So, I was wondering if any1 here using OSK188 and having cheaper rate?

If yes, mind to share what are the discounted rate currently enjoying and how to get them??

THANKS~~~  :) :)

I'm Junn, from UOB Kay Hian.



As low as just ** 0.1% and MIN RM 8 ** brokerage fees.

*** not require any special T&C, applicable for all.


No need walk in to our branches. Contact me for arrangement.


# Consistently educational support
- market outlook & stockpicks (monthly)
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- ChartGenie: monitors your portfolio & alerts you for technical chart break signals
- TechAnalyzer: screen stocks through technical strategies & patterns
# Profit & loss calculator
# provide 2.38% interest per annum in trust account


Contact me via 016 - 2413 687 or ericyapjun@gmail.com

Happy trading.

Offline juninthelink

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Re: OSK brokerage fee? ( Any1 got Cheaper rate?)
« Reply #31 on: October 02, 2019, 11:42:02 PM »
Im Junn, from UOB Kay Hian.

For Cash up-front & Collateralize Account


As low as just ** 0.1% or MIN RM 8 ** brokerage fees
*** not require any special T&C, applicable for all.


Other than competitive brokerage fees, we also provide additional value to the users:

1) SEMINAR (physically / learning online)
A to Z training from platform training to fundamental or technical analysis seminars.

2) Private WhatsApp group providing trading ideas.

3) Foreign markets accessible (US, HK, SGX)

4) Robot orders (Stop Limit & Limit if Touch)
- System help execute orders while you're working.

5) EXTRA TECHNICAL ANALYSIS TOOL
Technical Screener & real-time charting software.

6) RESEARCH REPORT (covered US, HK, SG, Msia market)
From whole market, sector, to particular listed company.

7) IDSS (intraday short selling)

6) Provide 2.38% interest per annum in trust account.


Never ask never know, any inquiries please WhatsApp me via: http://www.wasap.my/60162413687/investlah or call 016-2413 687

Happy trading/investing.