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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?
{ 5 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?