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.