Kenanga Review 2026
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
- 10 MYR
- KenTrade
- KDF TradeActive
- Kenanga Digital Investing (KDI)
- KDi GO
- Available through margin financing
- Automated investing, Sharia-compliant products, multicurrency collateral
Our Evaluation of Kenanga
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
Kenanga is a broker with higher-than-average risk and the TU Overall Score of 3.48 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Kenanga 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.
How we tested Kenanga
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Kenanga
Kenanga Investment Bank Berhad (Kenanga) is an independent brokerage firm founded in 1973 in Malaysia. Its operations are regulated by the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM). Since 1996, Kenanga shares have been listed on the main board of the Bursa Malaysia exchange. The broker offers a wide range of financial services, including brokerage, investment banking, asset management, derivatives trading, Islamic financing, and wealth management. In addition to trading on Bursa Malaysia, Kenanga provides access to more than 15 global exchanges, including those in the United States, Hong Kong, and Singapore.
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Licensed operations that comply with Malaysian regulatory standards
- Access to international exchanges, including CME and HKEX
- Support for derivatives trading
- Islamic investment products in line with Sharia principles
- Broad financial service offerings, from brokerage to asset management
- Digital platforms for online trading
- More than 30 branches across Malaysia
- No affiliate or referral programs
- Demo accounts are not available
- Website structure is complex, with content spread across multiple sub-sites
TU Expert Verdict
Chief Analytics Officer
Kenanga offers access to trading stocks, bonds, and derivatives through its proprietary platforms KenTrade, KDF TradeActive, Kenanga Digital Investing, and KDi GO. The broker supports trading on Bursa Malaysia as well as over 15 international exchanges, and provides conventional and Islamic account options, including margin financing. Clients benefit from services such as multicurrency collateral, AI-based automated investing, wealth management, access to more than 300 mutual funds, and a minimum deposit starting at 10 MYR.
A few disadvantages are the lack of demo accounts, the absence of affiliate programs, and a complex website structure that may hinder navigation for some users. Regulated by the Securities Commission Malaysia and Bank Negara Malaysia, Kenanga does not extend investor protection beyond Malaysia and offers limited transparency on fees. Kenanga may be suitable for investors focused on Malaysian markets and Sharia-compliant solutions, but less so for those seeking robust international protection or cost transparency.
Kenanga Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | KenTrade, KDF TradeActive, Kenanga Digital Investing (KDI), KDi GO, and others |
|---|---|
| 📊 Accounts: | KenTrade Trading Account (includes CDS), Margin Account, Islamic Account, KDI Save, KDI Invest, KDF TradeActive |
| 💰 Account currency: | MYR, USD, HKD, GBP, AUD, EUR, JPY, SGD, RMB |
| 💵 Deposit / Withdrawal: | Bank transfer, FPX, JomPAY, Kenanga Money |
| 🚀 Minimum deposit: | 10 MYR (for CDS), 100 MYR (for KDI Save) |
| ⚖️ Leverage: | Available through margin financing |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | N/A |
| 💱 EUR/USD spread: | 0.30%–0.60% of position value, minimum 40 MYR per trade |
| 🔧 Instruments: | Stocks, bonds, derivatives, structured products, Islamic investments, ETFs, mutual funds, PRS |
| 💹 Margin Call / Stop Out: | N/A |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Exchange-based |
| ⭐ Trading features: | Automated investing, Sharia-compliant products, multicurrency collateral |
| 🎁 Contests and bonuses: | No |
Kenanga offers access to trading stocks, bonds, and derivatives through a range of platforms tailored to different markets. Available derivatives include futures and options on commodities and equities, along with interest rate and money market futures. Trading is available in both conventional and Islamic formats, with support for margin financing and multicurrency collateral. Investors also have access to AI-based automated solutions.
Kenanga Key Parameters Evaluation
Trading Account Opening
To open an account, select the relevant Kenanga service and go to the associated platform. For local and international stock trading, visit website and follow these steps:
Click “Open an Account” at the top of the screen.
Review the list of required data and documents, including those needed for a CDS account.
Fill out the personal information form, upload verification documents, and pay the 10 MYR CDS account opening fee.
The entire process takes about 15 minutes and and involves four steps: entering information, completing verification, submitting the account form, and making payment.
Is Kenanga Safe?
Kenanga Investment Bank Berhad is regulated by the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM). The company holds an investment banking license under the Capital Markets and Services Act 2007 and is registered under number 197301002193 (15678-H).
Advantages
- Operates in compliance with Malaysian regulatory standards
- Listed on the main board of Bursa Malaysia since 1996
- Registered with a Legal Entity Identifier (LEI), supporting legal and financial transparency
Disadvantages
- Regulatory protection does not extend beyond Malaysia
- Malaysian law does not mandate investor compensation schemes
- Client fund protection is limited to domestic legal frameworks and lacks international guarantees
Commissions and Fees
Kenanga charges a brokerage commission of up to 0.60% for trades below 100,000 MYR and up to 0.30% for trades exceeding that amount. The minimum commission is 40 MYR. Additional fees include a 0.03% clearing fee (capped at 1,000 MYR) and stamp duty of 1 MYR for every 1,000 MYR of trade value. Deposits and withdrawals made via FPX and JomPAY are free, although bank-related charges may still apply. The website does not provide details on spreads, currency conversion fees, inactivity fees, or other potential costs. The fee for opening a CDS account is 10 MYR.
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| KenTrade Trading Account | 40 MYR | Bank fees apply |
Additional margin loan charges include a 0.3% fee for unsettled trades on T+3 and a 9% annual interest rate beginning on T+3 until the trade is settled.
Account Types
Kenanga offers several account types to suit a range of investor needs and strategies.
Account types:
Deposit and Withdrawal
-
Withdrawals are available via FPX, JomPAY, Kenanga Money, and standard bank transfers.
-
Kenanga Money transactions enable ATM withdrawals worldwide via Visa.
-
Withdrawals from KDI Save take 1–2 business days; from KDI Invest, 4–5 business days if submitted before the specified time.
-
Withdrawals via Merchantrade branches incur a 1 MYR fee.
-
FPX and JomPAY withdrawals are free.
Investment Options
Kenanga offers a range of passive income investment products designed to accommodate different risk profiles and financial objectives.
Available options:
-
KDI Save. A low-risk investment product offering a fixed effective annual return (EAR) of 4.0%. Income is accrued daily. There is no lock-in period or management fee. This product is available through the Kenanga Digital Investing platform and is intended for Malaysian residents.
-
KDI Invest. A digital investment solution providing diversified access to global ETFs. It is suitable for investors seeking long-term capital growth.
-
OnePRS. A voluntary retirement scheme that allows investors to accumulate retirement savings with potential tax benefits of up to 3,000 MYR per year. Its flexible conditions support investing in alignment with personal financial goals.
-
Kenanga Income Plus Fund (KIPF). Designed to generate regular income through investments in bonds and money market instruments. Best suited for investors with low to moderate risk tolerance and short- to medium-term goals.
-
Kenanga IncomeEXTRA Fund (KIEF). A balanced portfolio of bonds and equities aimed at producing income and capital growth over the medium to long term. Ideal for investors seeking steady returns with moderate risk exposure.
-
Kenanga Alternative Series: Income Opportunities Fund (KASIOF). An open-ended fund targeting stable returns by investing in private debt instruments issued by Asian companies. Intended for qualified investors with a short- to medium-term investment horizon.
-
Kenanga AUD Alternative Income Fund 3 (KAAIF3). This fund focuses on income generation by investing in a target fund specializing in alternative lending. Suitable for experienced investors with moderate risk tolerance and a short-term outlook.
Kenanga Partnership Program
Kenanga currently does not offer active affiliate or referral programs.
Customer Support
Kenanga’s customer support operates Monday through Friday, from 8:30 a.m. to 5:30 p.m. (GMT+8). Assistance is available through multiple channels, including phone and online platforms.
Advantages
- Extensive branch network across Malaysia and international offices
- Phone support available
Disadvantages
- No live chat on the website
Support channels:
-
Telephone;
-
Email;
-
Fax;
-
Facebook Messenger;
-
Instagram;
-
LinkedIn.
Contacts
| Registration address | Level 17, Kenanga Tower, 237, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia |
|---|---|
| Regulation | Securities Commission Malaysia (SC), BNM |
| Official site | https://www.kenanga.com.my/ |
| Contacts |
+603 2172 2888
|
Education
Kenanga offers a variety of educational materials to improve financial literacy and investment understanding. The company conducts webinars, seminars, and other events covering a broad range of financial and investment topics.
Kenanga does not offer demo accounts or trading simulators.
Detailed review of Kenanga
Kenanga offers access to a broad range of asset classes, including stocks, bonds, derivatives, structured products, and Islamic investments. Clients can invest in both Malaysian and international markets through the KenTrade platform, and manage their portfolios using wealth solutions available on KenWealth and Kenanga Digital Investing (KDI). KDI provides AI-driven automated investment options, including fixed-rate plans and exposure to global ETFs.
Kenanga by the numbers:
-
Founded in 1973;
-
Listed on Bursa Malaysia since 1996;
-
Serves more than 500,000 clients;
-
Operates 34 branches with over 1,300 employees;
-
Offers 300+ mutual funds;
-
Supports investments in 80+ private retirement scheme funds.
Kenanga is a reliable broker offering professional research and market insights
KenTrade is the primary online platform for trading base assets, providing access to both Malaysian and international markets. It supports equities, derivatives, Islamic securities, and structured warrants. The platform is accessible via mobile apps and a web interface, featuring real-time quotes, technical analysis tools, and company reports.
Kenanga also delivers asset management services through Kenanga Investors Berhad. Offerings include collective investment schemes, customized portfolios, and alternative investments such as mutual funds, private retirement schemes, and ETFs
Useful Kenanga services:
-
Kenanga Money: A digital wallet and multicurrency prepaid card in partnership with Merchantrade;
-
Daily market updates: Including company reports, sector analysis, and news summaries;
-
Stock market forecasts: For Malaysia and the U.S.;
-
Sector studies: Covering oil and gas, healthcare, media, and utilities;
-
Technical analysis: On key indices like DJIA and KLCI.
Advantages:
Solid financial performance and growing profitability;
Financial literacy and education programs;
Industry recognition for innovation and asset management;
ESG principles integration and participation in sustainability initiatives;
Multi-channel customer support, including hotlines and email;
Fully online account opening via KenTrade.
Kenanga’s key strengths include research coverage, sector reports, technical analysis tools, and real-time portfolio tracking.
Articles that may help you
Check out our reviews of other companies as well
