I have two shares trading account with two different broking firm. One opened 7~8 years back, another one opened was last year. I seldom use the old one because it is far from my house and the brokerage fee is slightly more expensive. The new one is nearby my house, it is online trading and it is cheaper.
I have been trading using the new account. Then this week I decide to transfer to the shares in old account to the new. I email my broking firm to ask for the form to fill in. Their reply is to go to the old broking firm to fill up a Transfer of Security Request form, and pay a transfer fee of RM10 per counter. The transfer should take 2-3 days.
So, I did it on the second day. I went there, told the staff my intention, passed her my IC. She took my IC number and checked her computer screen and began filling up the form for me. She only confirmed do I want to transfer all or partial. Besides that, no other questions. Wow.
Above is the sample of the form.
Oh yah, I have to provide the CDS number of my new broking firm. Then I sign on the form and were asked to wait for a while.
During the waiting, I looked their PC trading screen. Hmmm, the trading is quite active today, some oil and gas counter are highly sought after.
OK, after a few minutes, she passed me the request form and the receipt. She collected the fee from me. (Receipt given before payment, ehhhhhh. Ha ha.) She told me maybe I will see the shares in new account after an hour.
That afternoon, I open my account but they are not there so I think maybe it should be 2-3 days. It's OK, I am not in hurry. The second morning, early morning, I login again, aha, my old friends are inside there already. That's fast.
Now, I can monitor all shares from one platform.
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