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 an 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
- Holder of Capital Markets Services Licence in Singapore
- Regulated by the Financial Conduct Authority (FCA) in the United Kingdom
- Wide range of financial services, including dealing in capital markets products, securities, and forex trading
Top-tier licenses ensure client fund safety through negative balance protection and strict KYC protocols.
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 | $0 |
Orders Execution | Market |
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”:
Maybank Real Trading Account
- Access to live markets
- No minimum deposit requirements
- Full access to Maybank Kim Eng's suite of trading tools and research
- 1:25 Maximum leverage for all trades
- Spreads from 0.5 pips
Maybank offers live accounts in various types, including:
- Trade Cash: Standard trading account for direct access to assets
- Trade Pre-Funded: Ideal for users who wish to allocate funds in advance
- Margin Financing: Suited for leveraged strategies
- CFD Account: Designed for CFD traders
- FOREX Account: Specialized for currency trading
Maybank Kim Eng imposes no minimum deposit requirement for opening a trading account. However, traders should maintain enough equity to execute a minimum position size.
Maybank 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.
What Are Maybank Kim Eng Broker Pros and Cons?
Like any financial service provider, Maybank Kim Eng has its strengths and weaknesses.
Maybank Kim Eng Forex Pros and Cons:
Advantages | Disadvantages |
Long-standing presence in Southeast Asian markets | Limited global presence compared to some international brokers |
Regulated by reputable authorities (MAS, FCA) | Higher trading costs compared to some discount brokers |
Wide range of financial products available | Mixed user reviews, with some reports of customer service issues |
Proprietary trading platforms tailored for Asian markets | Demo account limited to 30 days |
Comprehensive research and educational resources | No copy trading or social trading features |
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:
#1 Maybank official website
Visit the broker's official website and click "Open an Account" on the home page.
#2 Phone verification
Write your phone number to receive a verification code. Enter the OTC and agree to the terms and policy.
#3 Maybank online application form
Fill out the online application form with personal details, including:
- Full name
- Date of birth
- Country of residence
#4 Maybank Kim Eng verification
Prepare necessary documents for KYC verification, including:
- Proof of ID: ID card or Passport
- Proof of Address: Utility bill or Bank statement
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 and start trading.
What Platforms Are Available in Maybank Kim Eng?
Although Maybank Kim Eng does not offer MetaTrader 4 or MetaTrader 5 to its traders, they have 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 have a user-friendly interface and advanced charting tools.
Spreads and Commissions
Maybank Kim Eng follows a spread-only pricing model for forex trades, meaning there are no added commissions. Spreads start from 0.5 pips.
Spreads at Maybank Kim Eng are competitive under normal conditions, with typical ranges for major pairs such as:
- EUR/USD spreads: 0.5 to 0.8 pips
- GBP/USD spreads: 0.5 to 0.7 pips
Spreads may temporarily widen during news events or low liquidity periods.
While there are no fees for deposits, withdrawals may incur fees between 0% to 5%, depending on the payment method.
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.
Maybank Kim Eng Broker Tradable Assets
This broker offers 6 markets and 500+ assets to trade; Maybank Kim Eng Tradable Instruments:
- Stocks: Access to major Asian exchanges (SGX, HKEX, Bursa Malaysia) with access to US and European markets
- Forex: Major currency pairs, tradable through Maybank Forex platform
- CFDs (Contracts for Difference): Stock, Index, and Commodity CFDs
- ETFs (Exchange Traded Funds): A wide range of ETFs covering various sectors and markets
- Bonds: Government bonds and corporate bonds
Real Estate Investment Trusts (REITs): Primarily focused on Asian REITs
Does Maybank Kim Eng Offer Bonuses?
As of the latest information available, the only promotion offered by Maybank Kim Eng is its rebate plan.
The rebate plan in this broker is available for all users, but if you don’t know what it is, read the 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
Restricted Countries; What Countries Are Banned to Use Maybank Kim Eng Broker?
Although Maybank Kim Eng Forex focuses on ASEAN countries, it also serves multiple countries outside of this region, including the United States. Countries that can use this broker's services include:
- Malaysia
- Singapore
- Hong Kong
- Thailand
- Indonesia
- Philippines
- India
- Vietnam
- Saudi Arabia
- Great Britain
- United States of America
Therefore, other countries around the globe are not able to use this broker’s services.
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.
Educational Resources
Maybank Kim Eng demonstrates a strong commitment to trader education through various resources:
- Market Insight: Regular market analysis and research reports with expert commentary on economic events and trends
- Podcast: Audio content covering various financial topics plus interviews with industry experts and market analysts
- Invest Academy: Webinars, tutorials, and articles on trading strategies and market analysis
Maybank Kim Eng vs Top Forex Brokers
Let's take a quick look at Maybank's offerings and see where it stands in comparison with other players in the market.
Parameter | Maybank Kim Eng Broker | |||
Regulation | MAS, FCA | None | FSA, CySEC, ASIC | FCA, FSCA, CySEC, SCB |
Minimum Spread | From 0.5 Pips | 0.1 Pips | From 0.0 pips | From 0.0 pips |
Commission | $0 | $0 | Average $1.5 | From $0 |
Minimum Deposit | $0 | $10 | $200 | $100 |
Maximum Leverage | 1:25 | 1:3000 | 1:500 | 1:500 |
Trading Platforms | MayBank Trade, MayBank Mobile | MT4, MT5 | Metatrader 4, Metatrader 5, cTrader, IC Markets Mobile | MT4, MT5, cTrader, Web Trader, Mobile App |
Account Types | Real, Demo | Standard, Premium, VIP, CIP | Standard, Raw Spread, Islamic | Standard, Pro, Raw+, Elite |
Islamic Account | Yes | Yes | Yes | Yes |
Number of Tradable Assets | 500+ | 50+ | 2,100+ | 2,100+ |
| Trade Execution | Market | Market, Instant | Market | Market, Instant |
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.