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Anonymous

25 Nov 2019

∙

General Investing

What are the charges for selling Maybank Kim Eng odd lots?

If I sell off my odd lots now, 'normal' online brokerage commission rates will be charged. The rates stated on the website is 0.12% of contract value and must be a minimum $10 for prefunded account.

I have a few queries on this:
1) Is the contract value the same as the market price of the shares upon selling?
2) If the 0.12% of the contract value is lesser than $10 I will still be charged $10 right?
3) I will be charged separately for selling off odd lots from different counters right?

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Jonathan Chia Guangrong

28 Jul 2019

SOC at Local FI

Selling away odd lots need to be done through your broker hence its a minimum 40 dollar commission charge. 1. Contract value = value of your transaction. 2. Minimum is still 10 bucks ++. 3. Separate charges for each transaction. Even if you buy and sell from the same counter, it's considered to be 2 transactions.

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Related Posts

What can I do now that Maybank Kim Eng is stopping Monthly Investment Plan(MIP)? Any other alternative out there that I can consider? also, what will happen to my odd lots of shares if I do not sell it off?

What should I do with Maybank Kim Eng odd lots?

Is it possible to transfer all my units from DBS invest saver to Maybank Kim Eng? Or do I just have to stop putting money into DBS and just open account with Maybank Kim Eng instead?

For DBS scrip dividend, what happens if I got odd number of shares that can't form a lot? can I sell odd shares?

How can I sell scrip dividends? Odd lots (27) and my brokerage can only sell in 100 multiples. The scrip dividend is also reflected in CDP but not in my brokerage?

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