(24-07-2013, 09:58 AM)felixleong Wrote: [ -> ]yeah, gone are the days of a stock broker
we will be like US, more retail investors will use discount brokers
Hi FL,
What is discount broker ?
In Hong kong , all are dealers working for brokering house. No remisiers.
Thanks.
discount broker means no one is assigned to serve u
example e trade for US market
or standard chartered for sg market
(24-07-2013, 09:41 AM)mulyc Wrote: [ -> ]Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?
Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).
That's hefty savings!
My remiser charges me the same rate as online trading even if i call him to execute a trade.
(24-07-2013, 01:08 PM)Bibi Wrote: [ -> ] (24-07-2013, 09:41 AM)mulyc Wrote: [ -> ]Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?
Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).
That's hefty savings!
My remiser charges me the same rate as online trading even if i call him to execute a trade.
My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.
(24-07-2013, 08:47 PM)pianist Wrote: [ -> ] (24-07-2013, 01:08 PM)Bibi Wrote: [ -> ] (24-07-2013, 09:41 AM)mulyc Wrote: [ -> ]Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?
Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).
That's hefty savings!
My remiser charges me the same rate as online trading even if i call him to execute a trade.
My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.
Wah you guys must be premium clients. I tried asking before but kenna rejected leh
maybe cuz they don't earn much money off me.
(25-07-2013, 01:23 PM)mulyc Wrote: [ -> ] (24-07-2013, 08:47 PM)pianist Wrote: [ -> ] (24-07-2013, 01:08 PM)Bibi Wrote: [ -> ] (24-07-2013, 09:41 AM)mulyc Wrote: [ -> ]Online trading is definitely the way to go. Who in their right mind would pay 0.5% brokerage anymore?
Now online trading you could go down to as low as 0.15% (Saxo offers that, which is cheaper than their CFDs, although I think they don't advertise it).
That's hefty savings!
My remiser charges me the same rate as online trading even if i call him to execute a trade.
My broker also charges same rate as online. Can even provide a long term good to sell price without having to ask everyday. Odd lot also same rate as online rate.
Wah you guys must be premium clients. I tried asking before but kenna rejected leh maybe cuz they don't earn much money off me.
Huh?My broker also charge the same rate as online.I thought it is common? If u want to buy/sell large amt(more than 100k), the rates is even lower.