Maybank Kim Eng Review 2024

4.52/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • MAS
Foundation date:
  • 1972
Updated:
4.52/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Regulation:
  • MAS
Foundation date:
  • 1972
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Maybank Kim Eng isn't available in United States
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Our Evaluation of Maybank Kim Eng

4.52/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Maybank Kim Eng is a broker with higher-than-average risk and the TU Overall Score of 4.52 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Maybank Kim Eng clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Brief Look at Maybank Kim Eng

Maybank Kim Eng Securities is a subsidiary of the Maybank Group. The company delivers some of the best liquidity thanks to the partnership with the tier-one banking organizations. Here at Maybank Kim Eng Securities, any conflict of interest is excluded. Maybank Kim Eng Securities implements an STP execution model that excludes any interference or manipulation from the broker's side. Moreover, Maybank holds the top position by market capitalization on the Malaysian Bourse. Maybank is #1 company among listed Malaysian companies and is among the top 500 companies in the Forbes Global world's 2000 top-rated companies.

Maybank Kim Eng Summary

💻 Trading platform: Currenex, Mobile Platforms
📊 Accounts: Real, Demo
💰 Account currency: USD, SGD
💵 Replenishment / Withdrawal: Bank Transfer, Credit Cards
🚀 Minimum deposit: No minimum deposit
⚖️ Leverage: 1:25
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: from 1,4 p
🔧 Instruments: Currency Pair
💹 Margin Call / Stop Out: 100%/30%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile platforms
➕ Affiliate program: No
📋 Orders execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

User Satisfaction

Score:
5.3/10

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misimuza
3 weeks ago

I have been trading at Maybank Kim Eng for a little over 2 years. At the start, there were a couple of situations when I had to contact support. Issues were resolved quickly and fairly. Now I trade calmly, as I know that if there is a problem with trading, managers will react adequately.

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Arthurcilk
2 years ago

Traders who are used to trading in Metatrader terminals will not like Kim Eng in Maybank. This broker offers an author's terminal based on the Currenex software. I have already traded on this platform, so I figured out the functionality of KE Forex in just a day. I studied all the possibilities of the terminal on a demo account. The speed of execution suited me, but I don't pips. The minimum environment for the EURUSD pair is 1.4 points, typical values ​​are 2-2.5 points. There are no additional fees for currency trading. There is no demo for CFD, so I couldn't study the commissions. The maximum financial leverage is 1:25, but this is for major pairs. There are no referrals, copying deals and PAMMs are not available, you can't connect advisors.

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shaninu
3 years ago

You shouldn't risk bargaining with MayBank at all. They came up with a pretentious name for themselves, hoping that everyone would believe. I believed. But in the end, they were not allowed to trade normally, they have their own rules.

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ruwinrox
3 years ago

In fact, the world's leading companies, which for some reason have referred to MayBank, do not offer the STP model, but at least ECN. Therefore, I consider the pathos of the office artificial and I do not think that it makes sense to risk money.

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MCD
3 years ago

Singaporean cuisine is one of the strangest in terms of conditions. It seems like they accept all clients, but at the same time there are problems with financial issues. Those. it will not work easily, there are great commissions, and the client is verified only at the withdrawal stage. The feeling that they did everything in order not to give money to anyone

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ermask16
2 years ago

Maybank Kim Eng has its own terminal and trading account for each asset class. Personally, I am not very comfortable working in this way, because I not only make transactions with currencies, but sometimes I also trade in stock contracts. There are no hidden commissions: for currencies - only the spread, for CFDs - a percentage of the transaction amount. To top up the deposit, my bank withholds 1% of the payment amount. I have not withdrawn the funds, but I think the commission will be higher than the deposit. The terminal is fast. The functionality of the mobile application is slightly reduced, but it is sufficient to manage accounts and modify transactions.

Maybank Kim Eng mempunyai terminal dan akaun dagangannya yang tersendiri untuk setiap kelas aset. Secara peribadi, saya tidak begitu selesa untuk bekerja dengan cara ini, kerana saya bukan sahaja membuat transaksi dengan mata wang, tetapi kadang-kadang saya juga berdagang dalam kontrak saham. Tiada komisen tersembunyi: untuk mata wang - hanya spread, untuk CFD - peratusan daripada jumlah transaksi. Untuk menambah deposit, bank saya menahan 1% daripada jumlah pembayaran. Saya belum mengeluarkan dana, tetapi saya fikir komisen itu akan lebih tinggi daripada deposit. Terminalnya adalah pantas. Fungsi aplikasi mudah alih dikurangkan sedikit, tetapi ia adalah mencukupi untuk menguruskan akaun dan mengubahsuai transaksi.

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Mah21
2 years ago

Maybank Kim Eng is a highly regulated broker. For me, this is an important parameter, which I first pay attention to when choosing an intermediary. The problem is that you usually need to have a lot of free funds to trade through a large investment company. At Maybank Kim Eng, the deposit size can be anything, so I tried it. I started with 100 dollars, but it was more for practice than for real income. So far, everything is fine: orders are executed quickly, almost no slippage.

Maybank Kim Eng ialah sebuah broker yang dikawal ketat. Bagi saya, ini adalah parameter penting, yang saya pertama sekali perhatikan apabila memilih sebuah perantara. Masalahnya ialah anda biasanya perlu mempunyai banyak dana percuma untuk berdagang melalui syarikat pelaburan besar. Di Maybank Kim Eng, saiz deposit boleh jadi apa sahaja, jadi saya mencubanya. Saya bermula dengan 100 dolar, tetapi ia adalah lebih kepada untuk latihan daripada untuk pendapatan yang sebenar. Setakat ini, semuanya sesuai: order dilaksanakan dengan cepat, hampir tiada slippage.

Comparison of Maybank Kim Eng with other Brokers

Maybank Kim Eng RoboForex Pocket Option Exness TeleTrade FxPro
Trading
platform
Mobile platforms, Currenex MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5 MT4, MobileTrading, MT5, cTrader, FxPro Edge
Min deposit No $10 $5 $10 $1 $100
Leverage From 1:1
to 1:25
From 1:1
to 1:2000
From 1:1
to 1:1000
From 1:1
to 1:2000
From 1:1
to 1:10
From 1:1
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 1.4 point From 0 points From 1.2 point From 1 point From 0.8 points From 0 points
Level of margin call
/ stop out
100%  /  30% 60%  /  40% 30%  /  50% No  /  60% 70%  /  20% 25%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No
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