I am a Public Bank supporter. I have its 1 saving account and 2 share trading accounts (Collaterised Trading and Share Margin Financing). Too bad that I don’t own Public Bank stock. Okay, back to the topic ~ Public Bank Online Share Trading. Most of the brokers and banks provide online share trading facility. However, not all of them are the same.
Public Bank share trading account is nominate account. There is 30% discount on brokerage rate (minimum brokerage of RM12.00) when we trade online. For contract value RM100K and below, the brokerage rate would be 0.42%. While for contract value above RM100K – the brokerage rate would be 0.21%. The brokerage rate for intraday transaction will remain the same at 0.15%. Good for short-term traders.
The bad sides… I cannot buy Initial Public Offering (IPO) with this account. There is RM5.50 service charge when receive dividend payment. You will get the payment in your PB Sharelink account directly. (No need bank in the cheque yourself)
I have Maybank Online Stock account and OSK share account (OSK188) too. How about you? Do you invest in stock market?