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
- MAS
- 1972
Our Evaluation of Maybank Kim Eng
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
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
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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.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 53 years
- 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 |
---|---|---|---|---|
|
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
|
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 |
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.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- 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 |
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.
- Low minimum withdrawal requirement
- No deposit fee
- Bank wire transfers available
- 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.
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.
- Crypto trading
- Indices trading
- Passive income with bonds
- 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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