|
|
Post by candy188 on Nov 6, 2013 9:44:54 GMT 7
I forgot to mention that most brokers have loyalty points and these usually give back 5% of your commissions. I usually trade these in for future commissions on share transactions as this is usually the best deal available. Hence, if you pay 0.2% commission, after subtracting the loyalty bonus, the actual rate will be 0.19% or in broking terms, 19 basis points. Of course, this assumes that your trade amount attracts more than the $25 minimum commission. Perhaps time for me to jump ship.  My broker didn't allotted any loyalty point to me B-|despite being so faithfully loyal to them all these years.  |
|
|
|
Post by stevenlsf on Nov 21, 2013 20:06:32 GMT 7
I forgot to mention that most brokers have loyalty points and these usually give back 5% of your commissions. I usually trade these in for future commissions on share transactions as this is usually the best deal available. Hence, if you pay 0.2% commission, after subtracting the loyalty bonus, the actual rate will be 0.19% or in broking terms, 19 basis points. Of course, this assumes that your trade amount attracts more than the $25 minimum commission. Normally I got points online where I can redeem say SMS alerts for several months, force order(for those more than 20 bids) chances etc. Need to check trading for future commission rebate. |
|
|
|
Post by candy188 on Nov 21, 2013 20:26:56 GMT 7
I forgot to mention that most brokers have loyalty points and these usually give back 5% of your commissions. I usually trade these in for future commissions on share transactions as this is usually the best deal available. Hence, if you pay 0.2% commission, after subtracting the loyalty bonus, the actual rate will be 0.19% or in broking terms, 19 basis points. Of course, this assumes that your trade amount attracts more than the $25 minimum commission.
- SMS alerts for several months,
-force order(for those more than 20 bids) chances etc. Need to check trading for future commission rebate. Hi stevenlsf, is your redemption of goodies from Phillip securities? Thought the points accumulated could redeem for vouchers if one trade via Maybank Kim Eng securities.  |
|
|
|
Post by stevenlsf on Nov 22, 2013 7:35:10 GMT 7
Yes,
Also lim & tan can get ntuc fairprice points
|
|
|
|
Post by candy188 on Nov 22, 2013 8:04:38 GMT 7
Yes, Also lim & tan can get ntuc fairprice pointsHi Steven, appreciate the sharing on goodies dispensed by other broking firms.  Seems like my UOB KayHian treats me rather miserable, rewarding me with just Shares Investment magazine monthly.  |
|
|
|
Post by stevenlsf on Nov 22, 2013 20:13:22 GMT 7
|
|
|
|
Post by stevenlsf on Nov 22, 2013 20:15:48 GMT 7
I also have UOB KH but seldom use so I also don't know the usage of points
AMfraser just introduced the points system but can only redeem market depth and SMS from the page and force order when > 20 bids |
|
|
|
Post by candy188 on Nov 22, 2013 20:33:17 GMT 7
I also have UOB KH but seldom use so I also don't know the usage of points
AMfraser just introduced the points system but can only redeem market depth and SMS from the page and force order when > 20 bids As far as I know, UOB Kayhian doesn't have any point system.  |
|
|
|
Post by oldman on Mar 7, 2015 4:56:03 GMT 7
I trade through a number of brokers as I don't trust any one broker with all my trades. This is especially important when I start selling stocks as usually, I would have collected quite a bit of a particular stock. For penny stocks, to make it meaningful, I usually land up taking between 1 to 5% of a company's stocks. When I start buying, I am usually hit with the minimum commission and hence, I don't bother too much which broker I use given that everyone charges a minimum commission of $25. I prefer trading through the non bank backed brokers as I am usually given 0.2% commission flat rate regardless of size of transactions. For Lim & Tan, with their loyalty point system, their commission rate then drops to 0.18%. Yes, their minimum commission also drops to around $23..... What is more important to me is the trading limit. I need quite a large trading limit and the non bank backed brokers are more understanding as well. ---------------- Quote: Just curious, may I know what brokerage you are using? Candy188, 0.2% or 20 basis points is a good rate. Most of the brokers I deal with offer around this rate. I think Lim & Tan online rate is 0.28%. My problem is that most of the time, I buy the smaller capitalised stocks and I often get thrown a few lots and hence, it is the minimal commission that is most painful. At 0.2% and minimal commissions of $25, one needs to buy at least $12,500 worth of shares before the 0.2% kicks in. Many times, I don't have control over what is sold to me as I don't chase the price but rather let the price come down to my level. For me, the cheaper, the better. If you are a trader, yes, the commission rate becomes very important as you have to trade often. For fundamental investors, it is less of a concern.  |
|
|
|
Post by sptl123 on Mar 7, 2015 13:07:31 GMT 7
I trade through a number of brokers as I don't trust any one broker with all my trades. This is especially important when I start selling stocks as usually, I would have collected quite a bit of a particular stock. For penny stocks, to make it meaningful, I usually land up taking between 1 to 5% of a company stocks. When I start buying, I am usually hit with the minimum commission and hence, I don't bother too much which broker I use given that everyone charges a minimum commission of $25. I prefer trading through the non bank backed brokers as I am usually given 0.2% commission flat rate regardless of size of transactions. For Lim & Tan, with their loyalty point system, their commission rate then drops to 0.18%. Yes, their minimum commission also drops to around $23..... What is more important to me is the trading limit. I need quite a large trading limit and the non bank backed brokers are more understanding as well. ---------------- Quote: Just curious, may I know what brokerage you are using? Candy188, 0.2% or 20 basis points is a good rate. Most of the brokers I deal with offer around this rate. I think Lim & Tan online rate is 0.28%. My problem is that most of the time, I buy the smaller capitalised stocks and I often get thrown a few lots and hence, it is the minimal commission that is most painful. At 0.2% and minimal commissions of $25, one needs to buy at least $12,500 worth of shares before the 0.2% kicks in. Many times, I don't have control over what is sold to me as I don't chase the price but rather let the price come down to my level. For me, the cheaper, the better. If you are a trader, yes, the commission rate becomes very important as you have to trade often. For fundamental investors, it is less of a concern. Wow 1-5% ! Also with your credential , you are the type of client every broker love to have . For trading limit, it usually can be increased if one have good track records. |
|
|
|
Post by oldman on Mar 7, 2015 13:19:43 GMT 7
Actually, I am not their preferred client because I don't trade a lot. I simply buy and buy and one day, many years down the road, I may sell. Also, I use my chinese name to open these accounts so most brokers will not know me personally. As stated in my book, whether I intend to buy or sell, I will put lots in both the buy and sell queues. I trade through a number of brokers as I don't trust any one broker with all my trades. This is especially important when I start selling stocks as usually, I would have collected quite a bit of a particular stock. For penny stocks, to make it meaningful, I usually land up taking between 1 to 5% of a company stocks. When I start buying, I am usually hit with the minimum commission and hence, I don't bother too much which broker I use given that everyone charges a minimum commission of $25. I prefer trading through the non bank backed brokers as I am usually given 0.2% commission flat rate regardless of size of transactions. For Lim & Tan, with their loyalty point system, their commission rate then drops to 0.18%. Yes, their minimum commission also drops to around $23..... What is more important to me is the trading limit. I need quite a large trading limit and the non bank backed brokers are more understanding as well. ---------------- Quote: Just curious, may I know what brokerage you are using? Wow 1-5% ! Also with your credential , you are the type of client every broker love to have . For trading limit, it usually can be increased if one have good track records. |
|
My broker didn't allotted any loyalty point to me B-|despite being so faithfully loyal to them all these years. 
