As for Premier88, investors with balance of RM30,000 and above in their account will be guaranteed five free trades every month. This is the best I ever heard. 5 free trades, folks!
Well, since there are so many stock broker firms are available in Malaysia and they are getting more and more competitive, retail investors like us will be having more benefits and choices. Keep it up!
If you yet to know, ECM Libra Investment Bank has made a follow-up move like other broker firms by launching an online stock trading portal, in hope to reach more retail investors across the local market through the Internet.
Yes, indeed this is a good strategy, as it is a faster way to expand, and cheaper compared to setting up of branches in various locations to cover the market. Just like my favorite broker firm, Jupiter Securities, they spent money to build up their online portal and offer lower transaction fees rather than setting up branches around the country.
Yes, indeed this is a good strategy, as it is a faster way to expand, and cheaper compared to setting up of branches in various locations to cover the market. Just like my favorite broker firm, Jupiter Securities, they spent money to build up their online portal and offer lower transaction fees rather than setting up branches around the country.
Up to last month, ECM Libra has about 10,000 active retail customers with RM15 billion traded volume last year. Of this total, 18 per cent of customers trade online, according to the response in the past six months after its soft launch.
The portal offers the lowest brokerage of 0.05 per cent or a minimum fee of RM8 per contract during the promotion period. Just the same rate as Jupiter Securities. After that it will be 0.08 per cent or RM12 per contract. The portal houses four products, namely cash upfront, collaterised, DayTrading88 and Premier88.
In the case of DayTrading88, investors will pay brokerage fee only when profits are made per stock traded during the day, he said.
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