GoBear is now part of Finder

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Maybank Kim Eng Review

Trade Singapore and international securities from Maybank's award-winning stocks and derivatives brokerage firm.

Maybank Kim Eng Logo

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Maybank Kim Eng Securities (MKE) offers ease of trading through its online and mobile platforms known as KE Trade, providing investors access to a wide range of securities including stocks, warrants, exchange-traded funds (ETFs) and more. KE Trade also provides daily market reports and trading ideas from its award-winning research team.

Find out more about Maybank Kim Eng, its offerings and cost in our review.

Quick verdict

Good for
  • Trusted brokerage
  • Advanced data, charting and monitoring tools
  • Online and mobile trading platforms
Not so great for
  • Average customer support
  • Primitive design for web trading platform

What is Maybank Kim Eng?

Founded in Singapore in 1972, Maybank Kim Eng Securities (previously Kim Eng Securities Ptd Ltd) is a fully-owned investment banking arm of Maybank with operations in 11 markets. It was also the first stockbroker to be listed on the Singapore Exchange in 1990.

Maybank is the fourth largest bank in Southeast Asia by assets.

What investments does Maybank Kim Eng offer?

You can trade the following investments through MKE:

  • Singapore shares. Invest in Singapore securities listed on the Singapore Exchange (SGX).
  • International shares. Trade international shares from these 8 markets from MKE Online and Mobile: Hong Kong, United States, Shanghai-Hong Kong, Thailand, Malaysia and United Kingdom. If you’re trading offline through your trading representative to access over 20 additional exchanges.
  • Contracts For difference (CFDs). A CFD is a contractual agreement between two parties to settle the difference between opening and closing price. CFDs allow customers to participate in the price movement of an underlying product without actually owning the asset, which can be a share, an index, a commodity or more.
  • Forex. Trade in the spot foreign exchange market on over 40 currency pairs with tight spreads and no brokerage fees.
  • Margin Facility. MKE’s margin financing facility allows you to maximise on your trading opportunities with competitive debit interest rates on multiple currencies, computed on a daily rest basis.
  • Exchange-traded funds (ETFs). A diversified portfolio of securities from a range of asset classes and markets that generally aims to track the performance of an index.
  • Bonds and Fixed-Income Securities. These instruments obligate the issuer (borrower) to make fixed coupon payments to the investors and generate an eventual return of principal at maturity, in return for their investment/loan.
  • Structured warrants (SW). Issued by third-party financial institutions, a structured warrant is a type of option that allows investors to gain leveraged exposure to the underlying security without actually owning it. Structured warrants can either be the shares of an unrelated company, a group of companies’ shares or an index. They may also be used as a hedging tool.
  • Real estate investment trust (REITs). A class of securities that trade like shares on a securities exchange and typically generate income through a portfolio of real estate assets, which typically distribute income at regular intervals. The underlying assets of a REIT could include commercial, retail, industrial and residential properties located within a specific country or region.
  • Daily leverage certificates (DLCs). Stand to gain a fixed leveraged return between 3 to 7 times the daily performance of the underlying index. DLCs are classified as high-risk and complex financial products that offer the flexibility to trade both rising and falling markets.
  • Securities borrowing and lending. Take advantage of investment opportunities for covered short selling, arbitraging and hedging.

      Key features of Maybank Kim Eng

      MKE offers a host of features and tools to help provide a seamless and hassle-free trading experience:

      What research does it provide?

      MKE’s regional research team comprises of analysts across the Asia-Pacific with a strong track record of identifying investment themes, forecasting corporate earnings, spot catalysts and inflexion points with accuracy.

      Here are some resources MKE offers to help traders generate profitable investment ideas:

      • Research reports. Gain unique investment ideas through detailed research reports that shed light across 11 markets – Singapore, Hong Kong, Malaysia, Philippines, Thailand, Indonesia, Korea, Vietnam, India, US and Taiwan.
      • Market insights. Stay in the know on the listed equities across multiple markets with up-to-date stock research and analyses on current thematics as the market moves.
      • Singapore growth value yield. MKE’s research team offers 3 curated stock lists based on the Growth, Value, Yield (GVY) model.

      Types of accounts offered by Maybank Kim Eng

      MKE offers various account types, each providing different trading features:

      Account TypeKey Features
      KE Trade Cash Account
      • Trade securities listed in the following markets:
        • Singapore (SGX)
        • Hong Kong (HKEX)
        • Malaysia (Bursa Malaysia)
        • Thailand (SET)
        • Shanghai ‘A’ (via SH-HK Stock Connect)
        • US (Nasdaq, NYSE, NYSE Arca)
        • United Kingdom (LSE)
      • Types of securities
        • Companies shares
        • ETFs
        • REITs
        • Structured Warrants
        • Bonds and Fixed-Income Securities
      • Trade conveniently via a broker, online or mobile platform
      • For offline trading, you may access over 20 additional exchanges through your trading representative.
      KE CFD Account
      • Leveraged trading account that increases your share buying power.
      • Trade up to 10 times of your cash deposit for Share CFDs and 20 times for Index CFDs
      • Trade the following products on margin:
        • Companies shares
        • ETFs
        • REITs
        • Warrants
        • Structured Warrants
        • Bonds and Fixed-Income Securities
      • Requires a minimum of S$3,000 cash collateral to open a CFD account with MKE.
      • No contract expiry or rollover fees.
      KE Trade Margin Financing Account
      • Trade with direct access to multiple key financial markets.
      • Boost your investments in shares:
        • Using cash and/or margin-able securities as collateral
        • Trade up to 3.5 times of your cash deposit or 2.5 times the value of your collateral
      • Select either a flat or grade-based interest rate scheme according to the types of securities in your portfolio.
      • 7 days interest-free period on trades settled in SGD from the purchase due date.
      • No maintenance or dividend processing fees.
      KE Trade Prefunded Account
      • Cash upfront (prefunded) account
      • Trading limit is based on account’s available balance
      • Lower online brokerage rates for SGX and other markets.
      • Shares will be kept in MKE’s custodian account and can only be sold through MKE.
      • All corporate action entitlements will also be managed by MKE.
      KE Forex Account
      • Trade over 40 currency pairs
      • No brokerage fees
      • 24-hour, 5 days a week market access
      • No minimum sum requirement to open an account.
      • To trade, you’ll need to have at least 1,000 notional amount based on the margin requirements set by MKE.

      What are Maybank Kim Eng’s pricing and fees?

      You’ll pay brokerage fees when you trade financial products using KE Trade Online/Mobile or through a broker. You’ll be charged varying commission depending on you account type and how your trade is conducted.

      Here are MKE’ brokerage fees for trading shares on SGX (traded in SGD):

      Contract valueOnlinePrefundedBroker-assisted
      Minimum commissionS$25S$10S$40
      S$50,000 and below0.275%0.12%0.50%
      Above S$50,000 – S$100,0000.22%0.12%0.40%
      Above S$100,0000.18%0.12%0.25%

      Fees are accurate at the time of writing (13 June 2020).

      All transactions are also subject to CDP imposed clearing fee (0.0325%), SGX trading fee (0.0075%), SGX settlement instruction fee ($0.35 per contract) and GST. Check the full commission and charges on MKE’ website.

      Is Maybank Kim Eng safe?

      Maybank Kim Eng Securities Pte Ltd is regulated by the Monetary Authority of Singapore (MAS) and comply with all measures to keep its clients’ funds segregated and safe. To prevent any data from being getting stolen or tampered with, KE Trade is equipped with security features such as:

      • SSL encryption. All transactions on KE Trade are processed with 128-bit Secure Sockets Layer (SSL) protocol verified by Verisign encryption to protect your data.
      • Two Factor Authentication (2FA). Your KE Trade Account is protected from unauthorised access through two layers of identity verification – your login ID and password, as well as a One-Time Password (OTP) generated on your OneKey device. Although it is not mandatory for you to set up 2FA for trading on MKE, it is highly recommended that you do so for an enhanced level of security during online trading.

      Pros and cons

      Advantages

      • Range of securities. Trade a wide array of asset classes across 8 markets online.
      • Access advanced tools. Be it charting tools or stock screening, MKE trading platforms are equipped with state-of-art features to help streamline your trading process.
      • User-friendly mobile interface. MKE’s mobile app features detailed yet easy-to-use interface design, providing its users with ease of usage when they trade on-the-go.

      Disadvantages

      • Average customer support. There are mixed reviews online regarding MKE’s customer service. Bear this in mind if you wish to trade with MKE.
      • Primitive online trading platform. Compared to its mobile app, MKE’s online trading platform fell short in terms of design and overall user experience.

      How do I sign up for a Maybank Kim Eng account?

      You’ll need to be over 18 years old to be eligible for an MKE trading account. Once you’ve met the eligibility criteria, you may proceed to apply by online, through mail or in-person at the Investor Centre or any of its customer service centres.

      Applying online is the most convenient option. Simply click on the ‘open an account’ button on the Maybank Kim Eng website to proceed. You may select several account types to open and you’ll be required to fill in your personal details.

      Alternatively, you can also apply through mail by sending a duly completed copy of the account opening form to Maybank Kim Eng along with a signed photocopy of all the required supporting documents.

      Central Depository (CDP) Account

      To start investing in the Singapore securities market, you’ll need to open a Central Depository (CDP) account. Make sure to open a CDP account online before proceeding to open a MKE trading account as you’ll be required to provide your CDP account number on the application form.

      If you don’t have a CDP account yet, you may also get it set up through MKE.

      Required documents

      • Singaporean/PR: Front and back photocopy of your NRIC (or SAF identity card, SPF identification card or passport)
      • Malaysian: Front and back photocopy of your Malaysian IC or valid passport
      • Other nationality: Valid passport and proof of residence (e.g. bank statement or utility bill reflecting your name and residential address)

      How do I contact support?

      If you have any enquiries, you may reach Maybank Kim Eng directly through the following contact details:

      • Hotline: 6432 1888
      • Email: helpdesk@maybank-ke.com.sg
      • Night desk (US Trading): 6231 5554
        • Operating hours: 9.30 pm to 4 am (Daylight Saving Time) and 10.30 pm to 5 am (Standard Time) for US market trading days
      • Main Office: 50 North Canal Road, Singapore 059304

      Bottom line

      Maybank Kim Eng offers various account types, each catered to the different investing needs. If you’re looking for a trading platform that is jammed pack with trading tools and analytical features, KE Trade doesn’t disappoint. Along with the broad range of asset classes available for trading, KE Trade could be a one-stop online trading platform for you to create a diversified portfolio. KE Trade also comes with a mobile app for you to trade anytime, anywhere.

      Before applying for a KE Trade account, make sure to conduct your due comparison to see if this trading platform is most suitable for you.

      Frequently asked questions

      Back to top
      Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

      More guides on Finder

      Ask Finder

      You are about to post a question on finder.com:

      • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
      • finder.com is a financial comparison and information service, not a bank or product provider
      • We cannot provide you with personal advice or recommendations
      • Your answer might already be waiting – check previous questions below to see if yours has already been asked
      Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

      By submitting your comment or question, you agree to our Privacy Policy and Terms.

      Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
      Go to site