8.88% rebate with CIMB-GK

After the previous promotion of $1 commission with CIMB-GK, the company has introduced a new promotion. With validity till 31 March 2009, you can receive 8.88% rebate on the gross commission of all your SGX listed trades. Take note the rebate from this promotion can only be redeemed to offset future trades. You can read more about this 8.88% rebate promotion from the official website.



If you see the above rates for SGX listed stocks, the new online rates shall be 0.25% or a minimum of $22.78 for SGD denominated stocks under this promotion. Comparing the 0.25% with other brokerages, there is nothing much to shout about actually but the minimum commission is on par with Citibank minimum of $22.

I hope CIMB-GK or the other brokerages can come out with more exciting promotions in future. As long as the promotion is attractive, the company will deserve my execution of trades. If not I will just stay with Lim & Tan for all my long term stocks purchases.