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5.79/10
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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Our Evaluation of Maybank Kim Eng

5.79/10
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 moderate-risk broker with the TU Overall Score of 5.79 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 thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

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.

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Maybank Kim Eng Trading Conditions

💻 Trading platform: Currenex, Mobile Platforms
📊 Accounts: Real, Demo
💰 Account currency: USD, SGD
💵 Deposit / Withdrawal: Bank Transfer, Credit Cards
🚀 Minimum deposit: No minimum deposit
⚖️ Leverage: 1:25
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 EUR/USD spread: 0,1 pips
🔧 Instruments: Currency Pair
💹 Margin Call / Stop Out: 100%/30%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile platforms
➕ Affiliate program: No
📋 Order execution: Market Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Maybank Kim Eng Key Parameters Evaluation

User Satisfaction i

Score:
5.3/10

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misimuza
1 year 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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ermask16
3 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
3 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.

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diannmd69
3 years ago

Maybank Kim Eng has average spreads for major pairs. The execution speed is also good, it is quite suitable for a clock strategy. Leverage is less than other brokers, but this is a requirement of the Singapore regulator, so you either have to be patient with it or find an intermediary from another jurisdiction. Production takes an average of 4 days. Funds are credited to the deposit within 24-48 hours. The terminal sometimes hangs, but not very often. Everything is fine, except for slow email support.

Maybank Kim Eng mempunyai spread purata untuk pasangan major. Kepantasan pelaksanaan juga baik, ia agak sesuai untuk strategi jam. Leverage adalah kurang daripada broker lain, tetapi ini adalah keperluan pengawal selia Singapura, jadi anda sama ada perlu bersabar dengannya atau mencari perantara dari bidang kuasa lain. Pengeluaran mengambil masa purata 4 hari. Wang dikreditkan ke deposit dalam masa 24-48 jam. Terminal kadang-kadang terhenti, tetapi tidak begitu kerap. Semuanya baik-baik saja, kecuali sokongan e-mel yang perlahan.

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Arthurcilk
3 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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marthajz60
3 years ago

I've been trading in Forex for a long time, so I'm already used to making some money, even from withdrawals by transferring currencies through crypto. But the main thing here is that this broker does not delay the withdrawal. Maybank Kim Eng does not provide cryptocurrency, moreover, withdrawals are only available on bank accounts. It will be expensive. Trading commission seems normal - spread on EUR USD starts from 1.4 pips. They promise not to withhold additional fees, even in the demo. Currency pairs - major, minor and there are a few exotics too. This broker does not charge any bonus to currency traders.

Saya telah berdagang di Forex untuk satu masa yang lama, jadi saya telahpun terbiasa menjana sedikit wang, meskipun daripada pengeluaran dengan memindahkan mata wang melalui crypto. Tetapi perkara yang utama di sini ialah broker ini tidak menangguhkan pengeluaran. Maybank Kim Eng tidak menyediakan wang kripto, selain itu, pengeluaran hanya tersedia di akaun bank. Ia akan menjadi mahal. Komisen dagangan nampaknya normal - spread pada EUR USD bermula dari 1.4 pip. Mereka berjanji tidak akan menahan yuran tambahan, begitu juga dalam demo. Pasangan mata wang - major, minor dan terdapat sedikit eksotik juga. Broker ini tidak mengenakan sebarang bonus kepada trader mata wang.

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hiram00y9750647560995
3 years ago

Maybank Kim Eng is interesting because it does not have a minimum deposit requirement. But this broker offers a small leverage, so for a normal income you need to invest more than a thousand dollars. If you have that much money, then you can try. I decided only to trade on demo, it was interesting to test the terminal of this company. I quickly understood the buttons and charts, as well as how to place orders. I trade on a short time frame, so I am mostly interested in the speed of execution, and the spread on the demo is always normal. To be honest, I know the broker with the best speed.

Maybank Kim Eng adalah menarik karena ia tidak memiliki syarat deposit minimum. Tetapi broker ini menawarkan leverage yang kecil, jadi untuk pendapatan biasa anda perlu melabur lebih daripada seribu dolar. Jika anda mempunyai wang sebanyak itu, maka anda boleh mencuba. Saya memutuskan hanya untuk berdagang pada demo, adalah menarik untuk menguji terminal syarikat ini. Saya dengan cepatnya memahami butang dan carta, serta cara membuat order. Saya berdagang pada jangka masa yang singkat, jadi sebahagian besarnya saya berminat dengan kelajuan pelaksanaan, dan spread pada demo adalah sentiasa normal. Sejujurnya, saya tahu broker dengan kelajuan yang terbaik.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
9.5/10

Regulation and safety

Maybank Kim Eng has a safety score of 9.5/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Tier-1 regulated
  • Negative balance protection
  • Regulated in the UK
  • Track record over 53 years
Disadvantages
  • Strict requirements and extensive documentation to open an account

Maybank Kim Eng Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FCA UK FCA UK Financial Conduct Authority United Kingdom Up to £85,000 Tier-1
MAS MAS Monetary Authority of Singapore Singapore No specific fund Tier-1

Maybank Kim Eng Security Factors

Foundation date 1972
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
7/10

Commissions and fees

The trading and non-trading commissions of broker Maybank Kim Eng have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • Tight EUR/USD market spread
  • No inactivity fee
  • No deposit fee
Disadvantages
  • Above-average Forex trading fees
  • Withdrawal fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Maybank Kim Eng with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Maybank Kim Eng’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Maybank Kim Eng Standard spreads

Maybank Kim Eng Pepperstone OANDA
EUR/USD min, pips 0,5 0,5 0,1
EUR/USD max, pips 0,8 1,5 0,5
GPB/USD min, pips 0,5 0,4 0,1
GPB/USD max, pips 0,7 1,4 0,5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Maybank Kim Eng RAW/ECN spreads

Maybank Kim Eng Pepperstone OANDA
Commission ($ per lot) 5 3 3,5
EUR/USD avg spread 0,1 0,1 0,15
GBP/USD avg spread 0,1 0,15 0,2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Maybank Kim Eng. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Maybank Kim Eng Non-Trading Fees

Maybank Kim Eng Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0-5 0 0
Withdrawal fee, USD 0-30 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
2.5/10

Deposit and withdrawal

Maybank Kim Eng received a Low score for the efficiency and convenience of its deposit and withdrawal processes.

Maybank Kim Eng offers limited payment options and accessibility, which may impact its competitiveness.

Advantages
  • Low minimum withdrawal requirement
  • No deposit fee
  • Bank wire transfers available
Disadvantages
  • PayPal not supported
  • Withdrawal fee applies
  • Wise not supported

What are Maybank Kim Eng deposit and withdrawal options?

Maybank Kim Eng offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making Maybank Kim Eng less competitive for those seeking diverse payment options.

Maybank Kim Eng Deposit and Withdrawal Methods vs Competitors

Maybank Kim Eng Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card No Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are Maybank Kim Eng base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Maybank Kim Eng supports the following base account currencies:

What are Maybank Kim Eng's minimum deposit and withdrawal amounts?

The minimum deposit on Maybank Kim Eng is $3000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Maybank Kim Eng’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.75/10

Markets and tradable assets

Maybank Kim Eng offers a limited selection of trading assets compared to the market average. The platform supports 500 assets in total, including 50 Forex pairs.

Advantages
  • Crypto trading
  • Indices trading
  • Passive income with bonds
Disadvantages
  • Copy trading not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Maybank Kim Eng with its competitors, making it easier for you to find the perfect fit.

Maybank Kim Eng Plus500 Pepperstone
Currency pairs 50 60 90
Total tradable assets 500 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto Yes Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Maybank Kim Eng offers for beginner traders and investors who prefer not to engage in active trading.

Maybank Kim Eng Plus500 Pepperstone
Bonds Yes No No
ETFs Yes Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No

Contacts

Foundation date 1972
Registration address 50 North Canal Road Singapore 059304
Regulation MAS Licence number:
MAS
Official site https://www.maybank.com/investment-banking/sg/
Contacts
+65 6533 6739

Comparison of Maybank Kim Eng with other Brokers

Maybank Kim Eng Eightcap XM Group RoboForex VT Markets Kama Capital
Trading
platform
Mobile platforms, Currenex MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ MetaTrader5
Min deposit No $100 $5 $10 $50 No
Leverage From 1:1
to 1:25
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:1
to 1:400
Trust management No No No No Yes No
Accrual of % on the balance No No No 10.00% No No
Spread From 1.4 point From 0 points From 0.8 points From 0 points From 0 points From 0 points
Level of margin call
/ stop out
100%  /  30% 80%  /  50% 100%  /  50% 60%  /  40% No  /  50% 20%  /  No
Order Execution Market Execution Market Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution
No deposit bonus No No No No No No
Cent accounts No No No Yes No Yes

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