I have a pretty good experience using HLeBroking. HLeBroking is well known with its system performance and low brokerage rate. I’m quite satisfied with their service and system performance.
Recently I found that there is a new promotion for new customer who signs up HLeBroking. The promotion’s brokerage rates are 0.38% for RM100,000 and below, 0.19% for RM100,000 above and 0.10% for intraday trade.
I think the old customer should have the same benefits too. So I sent them a mail last few days to ask if I can get the same rate and also asked a question about the interest rate in the share account.
Very promptly, the next day they replied me and said that my brokerage rate will be:
(Online) 0.00 – 100,000.00 : 0.380%
100,000.01 – Max : 0.190%
Not bad huh?
About the interest rate for cash money in the share account, they replied that the cash deposits will be placed in a trust account with Hong Leong Investment Bank Berhad. A minimum credit balance of RM1,000 will earn you an interest of 1.65% p.a, subject to variations from the bank.
The interest rate is much higher than a saving account! You can put you money there while not buying any stocks to earn some interest.
If you have a HLeBroking account and trade online, you can send them an email to see if you can get the same offer.
Read more about the promotion: http://www.hlb.com.my/promo/eb/trade/tc.jsp?s=promo