Basically, CIMB Clicks is a online banking at CIMB bank while iTrade@Cimb is the stock trading at CIMB securities.
As I known, you can use CIMB online stock trading called CIMB Clicks Trader to trade with just RM8.88 brokerage fee. It won’t care about how big the volume you trade. But, you have to meet certain criteria below:
i) You need to have at least RM10,000 in your Clicks Trader account to have the limit
Let say if you have RM10,000 in your account and you bought RM3,000 today. Then, tomorrow you will have no limit to trade even you have balance RM7,000. According to the Clicks Trader account terms and condition, any amount less than RM10,000 will have no limit. So, the more deposit you have the more trading limit you have.
Why I More Prefer Using iTrade@CIMB?
I personally more prefer using iTrade@CIMB as you can earn daily rest interest in your Trust account. The interest rate is about 2.25%. Although it’s not as high as our fixed deposit interest rate but it’s also worth than nothing.
Besides that, you can also trade local and foreign stock by using this type of account. CIMB Clicks Trader only can be used to trade local stock.
Furthermore, you also can enjoy trading limit 3x cash value.
Below is the email that I sent to ask for an enquiry and also the email replied by Retails Equities Executive:
Why I Prefer Online Trading Than Phone Order via Remisier?
It’s save! With online trading, usually you can enjoy 30% lower brokerage rate than traditional trading with phone calls to remisier. Besides that, you can log on anytime, anywhere, to trade shares online.
And, the one thing that I recently discovered was you can bid the price that you desire and wait until it matches your order.
We as an investor need to play smart in stock investment especially during market downtime. The real investor always waits for bottom fishing. You can try to apply simple strategy by accessing real-time quotes, charts and market information to look for the best buying time.
Would be better if you table it for comparison.
So far is this the cheapest on-going rate (instead of just for promotion period)?
I trade with HLeBroking for min RM12 per transaction.
sry i dont really understand abt buy 3000 and has no limit to trade even u have 7000 in balance?buy 3000 of? and trade wat? is this a stock, forex or? sry , can anyone explain here?im interested to know…
@AskChong: im not really do research and comparison from different bank but i think CIMB always offer competitive rate in town
@Vin: For CIMB Clicks Trader, you need to maintain at least 10k inside your account in order for you to do trading. And, this is for local stock trading only. Let say if you want to trade 2k today, then you need to have 12k in your account.
@David,
It is good now to see you venture into stock investments. Last few year, i only wrote on financial management articles..now you have move to stock..good good.
@Ask Chong.
I dont think..The CIMBclicks trader is NOT a promotion as far as i know..It been along time already lar…
@Vin,
In normal CIMBCLICKs Itrade, you have additional limit of 3x of the cash collateral you have. For example, you have RM1000. You can buy up to 3X aka Rm3000 worth of trade.Of course you need to pay up when T+3 later.
CIMBCLICKs Trader, does not have the benefits of the 3x limit. So you can buy what you have in cash only!! but the commission is dirt cheap if you trade in and out like mad.
Knowthymoney.
Yeah… That’s why I always do it online. 🙂
Jupiter Online offers lowest brokerage rate and CIMB offers lowest interest rate for share margin financing!