Trading services [Market Depth, US and HK Stock Live Prices, SMS Alerts, Forced Order Key], six markets, and rebates are why Maybank Kim Eng has obtained 15+ global industry awards.
This forex broker provides Islamic account for Muslim traders and 1:25 maximum leverage.
Maybank Kim Eng Company & Regulation Overview
Maybank Kim Eng, a subsidiary of the “Maybank Group”, has a rich history dating back to 1972.
This forex broker has established itself as a Singaporean investment bank and broker firm in Southeast Asia [ASEAN region], with a presence in key financial hubs across the region.
Key points of Maybank Kim Eng's background and regulatory status:
- Founded by “Gloria Lee” and a Part of the Maybank Group, which has operations in 11 countries including Malaysia, Singapore, Thailand, and the Philippines
- Regulated by the Monetary Authority of Singapore (MAS) in Singapore
- Holds a Capital Markets Services Licence in Singapore
- Regulated by the Financial Conduct Authority (FCA) in the United Kingdom
- Provides a wide range of financial services, including dealing in capital markets products, securities, and forex trading
Specifications Table
To provide a clearer picture of Maybank Kim Eng's offerings, here's a table summarizing some key specifications:
Broker | Maybank Kim Eng |
Account Types | Real, Demo |
Regulating Authorities | FCA Britain, MAS Singapore |
Based Currencies | USD, SGP |
Minimum Deposit | $0 |
Deposit Methods | Credit/Debit Cards, Bank Transfer |
Withdrawal Methods | Credit/Debit Cards, Bank Transfer |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:25 |
Investment Options | None |
Trading Platforms & Apps | MayBank Trade, MayBank Mobile |
Markets | Stocks, Forex, CFD, ETF, Bonds, Real Estate |
Spread | Starts From 0.5 |
Commission | N/A |
Orders Execution | N/A |
Margin Call/Stop Out | 100%/30% |
Trading Features | Rebate, Islamic Account, 1:25 Maximum Leverage, Demo Account, 500+ Tradable Instruments |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | Yes |
Pamm Account | No |
Customer Support Ways | Ticket, Indoor Meeting, Phone Call, Email |
Customer Support Hours | 9 AM to 6PM |
Maybank Kim Eng Broker Accounts
Maybank Kim Eng offers 2 accounts called “Real” and “Demo”
Real Trading Account
- Provide access to live markets
- No minimum deposit requires
- Offer full access to Maybank Kim Eng's suite of trading tools and research
- 1:25 Maximum leverage for all trades
- Spreads starts from 5 pips
Demo Trading Account
- Allow practice trading with virtual funds
- No risk involved, ideal for beginners or testing strategies
- Valid for a limited time period (30 days)
Maybank Kim Eng offers Islamic account in its real account; Therefore, no money is collected from Muslim traders.
Maybank Kim Eng Registration and Verification
Registering with Maybank Kim Eng is similar to other Forex brokers and is not particularly complicated; to do this, follow the steps below:
- Visit the Maybank Kim Eng website and click on “Open an Account”
- Write phone number to receive verification code
- Enter the verification code and agree to terms of poloicy
- Fill out the online application form with personal details such as first and last name
- Prepare necessary documents (proof of ID, proof of address) and upload them
- Maybank Kim Eng will review your application and documents (this process typically takes 3-7 working days)
- Once verified, you'll receive confirmation of your account activation
- Login credentials will be provided via email
- Fund your account using available payment methods
- Start trading
What Platforms Are Available in Maybank Kim Eng?
Although Maybank Kim Eng does not offer MT4 or MT5 to its traders, they has two main proprietary trading platforms:
Maybank Trade
- Web-based platform accessible from any browser
- Real-time market data and analysis tools
- Access to multiple markets including SGX, Bursa Malaysia, SET, HKEX, NYSE, and NASDAQ
- Features include watchlists, order management, and portfolio tracking
Maybank Mobile
- Available for iOS and Android devices
- Offers similar features to the web platform
- Real-time market data and trading capabilities
- Fingerprint login for enhanced security
- Push notifications for market updates and order status
No matter what platform you choose, both platforms has User-friendly interface and advanced charting tools.
Spreads and Commissions
Maybank Kim Eng Forex does not provide transparent and proper information about fees and commissions. In fact, there is not much information about the structure of trading fees for this broker.
The only information available is the spread size of this company, which starts at 0.5 pips.
Deposit & Withdrawal Methods
Maybank Kim Eng offers 3 payment methods for depositing funds into your trading account and withdrawing your earnings.
- Bank Transfer: Direct transfer from your bank account, may take 1-3 business days to process
- Credit/Debit Cards: Instant deposits, Visa and Mastercard typically accepted
- ATM Deposits: Available for KBANK ATM card holders in Thailand
Does Maybank Kim Eng Offer Copy Trading or Any Other Investment Plans?
As of the latest information available, Maybank Kim Eng does not offer copy trading or specific investment plans like some other brokers do.
Does Maybank Kim Eng Offer Bonuses?
As of the latest information available, only promotion offered by Maybank Kim Eng does is its rebate plan.
Rebate plan in this broker is available for all users, but if you don’t know what is it, read TradingFinder Rebate article.
Support Channels
The Singaporean broker provides several support channels to assist clients with their queries and concerns. Maybank Kim Eng Support:
- Ticket System: Available through the client portal, suitable for non-urgent queries
- Indoor Meetings: Available at Maybank Kim Eng offices (Monday to Friday/9AM till 6PM)
- Phone Support: Direct line for immediate assistance, Hours may vary by region
- Email Support: General inquiries can be sent to a designated email address
Trust Score
Maybank Kim Eng does not currently have ratings from popular review platforms such as Trustpilot or ForexPeaceArmy.
This lack of third-party ratings can make it challenging for potential clients to gauge the broker's reputation based on user experiences.
Conclusion and Final Words
No minimum deposit, 500+ tradable instruments, FCA and MAS regulation are some of the features of Maybank Kim Eng.
Although Maybank Kim Eng has 11 offices in various countries, this broker does not offer any bonuses and does not support copy trading.
