Maybank Kim Eng Review 2024
Regulation:
  • MAS
Bonus for deposit:
  • 0%

Maybank Kim Eng Review 2024

Updated:
Updated: October 06, 2023

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
Bonus for deposit:
  • 0%

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Summary of Maybank Kim Eng Trading Company

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. Maybank Kim Eng ranks 164 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

💰 Account currency: USD, SGD
🚀 Minimum deposit: No minimum deposit
⚖️ Leverage: 1:25
💱 Spread: from 1,4 p
🔧 Instruments: Currency Pair
💹 Margin Call / Stop Out: 100%/30%

Evaluation of the most influential parameters of Maybank Kim Eng

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.05

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

8.18

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

6.00

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

4.42

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

2.47

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

2.94

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

1.58

/10

Geographic Distribution of Maybank Kim Eng Traders

Popularity in

76.42%
MY
Malaysia
10.3%
ID
Indonesia
8.57%
SG
Singapore
4.26%
PH
Philippines
4.21%
LK
Sri Lanka
4%
TH
Thailand
3.6%
VN
Vietnam
3%
IN
India
2.22%
US
United States
2.17%
HK
Hong Kong
3.25%
Others
Others

User Satisfaction i

4 comments
Total score:
2.5 /10

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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

Dynamics of Maybank Kim Eng’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for Maybank Kim Eng Users

💻 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

Comparison of Maybank Kim Eng with other Brokers

Maybank Kim Eng RoboForex Pocket Option Exness FBS AMarkets
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, MobileTrading MT4, MT5, AMarkets App
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 1:2000
From 1:1
to 1:3000
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 0.2 points From 0 points
Level of margin call
/ stop out
100%  /  30% 60%  /  40% 30%  /  50% No  /  60% 40%  /  20% 50%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No $5 No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

Maybank Kim Eng RoboForex Pocket Option Exness FBS AMarkets
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes Yes
Crypto No No Yes Yes No Yes
CFD No Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes Yes
Stock No Yes Yes Yes No Yes
ETF No Yes No No No No
Options No No No No No No

Contacts

Foundation date 1972
Registration address 50 North Canal Road Singapore 059304
Regulation
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Maybank Kim Eng Review Maybank Kim Eng Review

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FAQs

Do reviews by traders influence the Maybank Kim Eng rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Maybank Kim Eng you need to go to the broker's profile.

How to leave a review about Maybank Kim Eng on the Traders Union website?

To leave a review about Maybank Kim Eng, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Maybank Kim Eng on a non-Traders Union client?

Anyone can leave feedback about Maybank Kim Eng on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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