Maybank share trading cash account
if I applied this and opt to buy Maybank share, is that consider a direct cds account or nominee cds account to the maybank share I own?
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Moomoo Lily : Hi, @Moomoo Buddy Please help!
Moomoo Buddy : Dear client, it is a Nominee account, so cannot link your Bursa CDS account. If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry or hotline (+60) 03 9212 0708 Thank you for your support! Have a nice day!
Mysteriooo : Using moomoo or apply account from Maybank invest both are nominee account, if want direct account need to apply from bursa and create a trading account among those agent bookers
Azmie : Moommo and all other low cost online brokerages is nominee CDS. I have Direct CDS account with Maybank but i will advise you to maybe use direct cds with Mplus or Affin Hwang Einvest. Much cheaper in total cost. Direct CDS with Maybank is too expensive for small scale investors,though it does have some benefits but no so much.
104167082 OP Azmie : May I ask how do you register direct cds with maybank?
Azmie 104167082 OP : i registered directly with their broker/dealer at Maybank Bangsar Urama. Paid only RM10 if im not mistaken. For Nominee CDS,you only need to fill in the form online if im not mistaken but for Maybank direct CDS,the broker will asked you to come to Maybank Investment Bank at Bangsar if you are in KL.
if you trade in large amount,Maybank is good i think but if nope,better registered at others. Maybank brokerage fees for direct CDS is quite expensive. Around rm28 per trade.
104167082 OP Azmie : I see… thanks for the info
Azmie 104167082 OP : welcome2..no worries