If you are an investor in the stock market in the past, you would 100% go through a stockbroker or remisier to do your stock trading. These days, with the advancement of technology including the improved internet security systems, you do not need a human stockbroker to do the trading for you. You can buy and sell shares online.
Most banks offer online stockbroking services these days and all you need is to sign up for an account, open a CDS account for RM10 and you can trade online. This is provided you stick to the terms and conditions of trading on that account which normally requires you to have some account balance in your banking account with the bank.
Trading via a remisier will typically cost you more in terms of fees incurred to buy and sell. Online stockbroking rates are cheaper. Of course, it comes without saying that when you have the service of a remisier, you may pass on the monitoring to the stockbroker and trust that he or she will act accordingly to your instructions. I guess that’s where the extra fees come into play versus using an online system to buy and sell stocks.
I have both, a remisier and an online trading account. But I still prefer to pay more fees and have a human do the work for me. I use the online trading account to watch the market real time as well as some other functions that come with it.
How do you trade – do you use a remisier or do you prefer to be more hands-on and go for online trading via a stockbroking account?
{ 19 comments… read them below or add one }
I use the online system – cheaper and more efficient. But in my current office, i cannot access the online system. So i will jz leave it there. hahah.
The only shares I bought was via unit trusts but have sold them some time back. Now put most of my money in government bonds and fixed deposits.
I use services of a remisier. I feel the human touch justifies the extra fees since actively using an online system to buy and sell stocks is just too much effort. My only grouse is my remisier does not dare to act without my intervention, or provide timely advice that my timing is bad, etc.
Both. If you can.
Hi Penny, this is Rachel Toh here. I am currently using a stock broking house to trade shares. If you have more info on online trading, please share with me, especially their fees. Yes I did hear its cheaper..but how much cheaper?
my remisier is not that efficient. and i hated he always say “who are you?” whenever i call him on the phone. customers want to be felt important not some kind of garbage. so now i switch to online.
Online due to cheaper. And I do my own research. No help from remisier needed for the moment.
I use online system as:
1. the transaction cost is really low
2. I able to see realtime information
3. I can set any selling and buying price I want without any concern on how would my remisier think
4. I able to get historical financial data and ratios of those companies I interested in for free
5. I able to use technical analysis tool for free
……
and there are many, many more.
remisier only layan big big client. small fry like me mana will take care.. tell them buy they buy, sell them, they sell. make yr little commission, better for them to answer big clients call, no need to tok so much with small client. they oso bias oso, ask u buy more more, so they make more lor.. U know, good advice cost money, BAD advice also cost money… i better trust myself with money than remisier…
I prefer doing online stockbroking for the reason that it is cheaper and more efficient. Did you know that whenever you placed and order through the online stock broking platform, the order is like actually sent to the remisier’s computer as a pop-up and the remisier just needs to press a button to send the order to the market. I believe there are only a few benefits to ordering through telephone through the remisier, that is sometimes when you have no internet connection to make a call, then a simple phone call would suffice. Also most remisier’s don’t really know THAT much about investing and what not, so taking advice from remisiers aren’t always the best thing to do unless you know them really well and they are good.
David Koh.
Online DIY is much better if you’re learned enough about the basics of stock investing. Remisiers generally do not value add, and to add salt to wound, they cost more per transaction.
eg. using HLeB Online, my minimum effective order quantity (EOQ) of cost / transacted value is approximately $2,858. If I did it with a remisier, it’ll be about $6,000. This is due to the variance in cost of minimum brokerage.
Cow sense – keep cost low, break even faster, profit faster & better
Put it this way.My trading account (OSK) can apply to both ways.I can call my remisier to buy n sell stocks for 0.6% brokerage fee or trade online (via my remisier) with the fee 0.42%.
Just to inform for those prefer to trade online, there is always a risk when u might key in wrong sell price (when u r in hurry or blur) for your stocks trading..
I had that bad experience before.Luckly Old OSK platform still send my order to my remisier desk before it go to market.My remisier able to save me from losing almost 2k due to wrong figure.
Like Mun Keong mentioned, the online services is pretty cheap. If you are electing for Jupiter Services, they are charging 0.1% or RM10 per contract. That is especially cheap and you can make with 1 tick. As for remisier, I may need to ensure that my stock move more than 10sen before making any money. Better check the type of account too. Some offers nominee account whereby they charge you for processing your dividend. Direct account will have the dividends send to you by post.
sorry guys, i’m stil new in this. how to register as an online trader? what are the procedures?
Beginner, for Hong Leong eBroking – go to http://www.hlebroking.com/v2/default.asp. Look at the bottom, there’s “I want to… Open an account”..
Fill it in, print it out, courier it over
At any point of time if you’re “lost”, just call them – they’re fast & friendly.
Please note i’m just a satisfied customer, NOT working in /related to HLeB.
will i be assigned a remisier? what if i dun need remisier?
Beginner – U will be assigned a remisier but the charges are based on online if U do online transaction. U’d be dealing mostly with HLeB’s helpdesk people – which so far i’m happy with.
So far, as i understand it, M’sia doesnt do “direct through” Bursa. It still goes through security companies & their remisciers – either through their systems or accounts.
Online stockbroking is more easy and efficent as u will be able to deal it with yourself and that to it takes less time
Internet stockbroking is really very much reliable and theirs no loophole in the security system.Its pretty easy for everyone to choose the stocks and invest in it.