Maybank Kim Eng Group (KE FOREX) Review
Maybank Kim Eng Securities Pte Ltd., a subsidiary of Malayan Banking Bhd., Is a company headquartered in Singapore, Singapore. The company provides brokerage services. It was founded by Teck Meng Lee. Harmit Singh Bedi has been the CEO since 2014.
The KE FOREX of companies unites enterprises located around the world with offices in Malaysia, Philippines, Singapore, Hong Kong, Thailand, Vietnam, Indonesia, India, the United Kingdom and the USA. As well as representative offices in the Middle East. via Anfaal Capital. Maybank Kim Eng has been operating in Asia for over 40 years and provides services in corporate finance, equity markets, derivatives transactions, debt capital markets, retail and institutional securities and research.
Trading conditions:
- Execution model: NDD;
- Min. deposit: 3000$;
- Deposit currency: SGD, HKD, CNY, AUD, GBP, EUR, USD;
- Min. Lot: 0.01;
- Leverage: 1:20 — 1:50;
- Scalping: yes;
- Hedging: yes;
KE Forex reports that its spreads range from 1.9 pips (EUR / USD) to 3.5 pips (USD / CHF), although the spreads may expand during large news releases, which is common. Broker does not charge additional fees and commissions.
Compared to other Singapore brokers, KE Forex spreads are relatively favorable, although KGI has spreads starting from 1 pip. IG goes even lower with 0.8 pips on some types of accounts.
Account replenishment
Online bill payment service
Using the invoice payment service, you can pay an invoice through Internet banks if they have open accounts:
- Maybank Singapore
- DBS (DBS Bank)
- HSBC (Hong Kong and Shanghai Banking Corporation)
- OCBC Bank (Overseas-Chinese Banking Corporation)
- SCB (Standard Chartered Bank)
- UOB (United Overseas Bank)
Attention! The invoice payment service is located in SGD. If the base currency of the real account is specified in another currency other than SGD, the company makes the conversion from SGD to base currency before crediting the amount to the real account of the client.
Funds Withdrawal
Broker does not allow 3rd party funds funds transfer!
The withdrawal request is executed within 2 days. For the withdrawal to be carried out brokers need to provide the following data:
- Name;
- Leveraged FX Trading Account Number;
- Withdrawal Amount;
- Bank Name and Bank Account Number (for bank transfer);
Outgoing funds in currencies other than your account base currency such as USD or SGD will be converted based on prevailing bank rates.
Trading platform
KE Forex offers its own platform called KE Forex Platform. It has watch lists, schedules, and risk monitoring tools, such as stops and restrictions.
MetaTrader4/5 preferred platform is not provided by broker.
The innovative MKE trade platform provides investors with a wide range of products and services:
– shares,
– warrants
– exchange-traded funds (ETF),
– Real Estate Investment Trust (REIT) and Daily Leverage Certificates (DLC).
– Global Markets Trust – Singapore Stock Exchange (SGX), Hong Kong Stock Exchange (HKEx), Shanghai-Hong Kong Stock Exchange, Bursa Malaysia and Stock Exchange of Thailand (SET), London Stock Exchange (LSE), New York Stock Exchange ( NYSE), NASDAQ, NYSE Arca.
Education and Analytics
The broker on the site https://www.keforex.com/ has no training material, except for marketing research collected and provided by Maybank.
But at https://www.maybank-ke.com.sg/, there are various seminars, and even the opportunity to study at the Invest Academy is given.
Support:
The broker has excellent and friendly support, the languages are native and English.
Works support around the clock, except for customers from the United States.
The following support schedule is provided for them:
Opening hours: 9:30 am to 4:00 (summer time)
Trading days in the US market – From 22:30 to 5:00 (standard time)
