Maybank forex singapore

Visit our Customer Service Centres at:
50 North Canal Road.
9 Temasek Boulevard.
#12-00 Suntec Tower Two.
Visit our Investor Centre at:
3 Gateway Drive.
Visit our Customer Service Centres at:
50 North Canal Road.
9 Temasek Boulevard.
#12-00 Suntec Tower Two.
Visit our Investor Centre at:
3 Gateway Drive.
Set Stops in Price.
Each view can be customised further with chosen indicators.
KE Forex Trading Terminal Application.
Recommended System Requirements.
Stops and Limits.
You buy GBP/USD at 1.6000, and you place a trailing stop of 0.0050 which equals to 50 pips. This would mean that your trailing stop level is now at 1.5950.
Market price moves to a high of 1.6070, Your trailing stop loss would be adjusted to 1.6020 (1.6070 - 50pips = 1.6020).
If the market drops after reaching this high and falls to your trailing stop level, the trailing stop will be triggered and trade closed.
In this example, profit on this trade would be 20 pips (1.6020 - 1.6000).
Market price moves to a high of 1.6010. Your stop loss would be adjusted to 1.5960 (1.6010 - 50pips = 1.5960).
If the market falls to your trailing stop level, the trailing stop will be triggered and trade closed.
In this example, loss on this trade would be 40 pips (1.6000 – 1.5960).
What are the electronic trading risks that I need to take note of?
The speed and quality of your internet connection will affect the performance and accuracy of live prices on our online trading platforms and mobile trading applications. Broadband internet connection is recommended for online trading. Password.
Always keep your internet trading password confidential and change it regularly. Clear your browser’s cache and history after each session so that your account information is removed. You are advised not to use your browser’s “Auto Complete” function to save your User ID and Password as this function stores and lists possible matches from entries that you have typed previously. Virus, Spywares and Adwares.
Always install the latest anti-virus software and spyware programs on your computer or mobile. Regularly scan your computer or mobile to quarantine and delete any Virus, Spyware or Adware that may be present. Avoid downloading programs and attachments from suspicious unknown sources. Phishing.
Phishing is an act of acquiring sensitive information such as usernames, passwords and credit card details, by masquerading as a trustworthy entity in an electronic communication. It is typically carried out by or instant messaging, and often directs users to enter details at a website.
Make your own unique and difficult-to-guess Service Set Identifier (SSID). Change the default administrator password and username for your router. Orders.
In the electronic trading world, you may encounter situations such as being unable to withdraw erroneous orders in time due to the speed of the internet connection, or experience delays in order transmission and confirmation of order execution.
Please contact your Trading Representative or our Customer Service if you require any assistance.

Mobile Trading Capabilities.
The trading application comes with mobile apps for iPhones and Android phones for seamless trading between devices when you are on the go.
There is no minimum sum requirement to open a live account with us. However, you need to ensure you have sufficient funds in your live trading account to open a minimum of 1,000 notional amount based on the margin requirements we set.
E. g. to trade a minimum 1,000 notional amount of EUR/USD at the spot rate 0f 1.0615 at 4% margin requirement, you need to have at least USD42.46 (1,000 X 4% X 1.0615)
There is a variety of options to fund your live trading account with us.
Bill Payment Service via Internet Banking.
With Bill Payment Service, you can pay via Internet Banking through the following banks if you have an account with these banks in Singapore. Please be informed the bill payment service is in SGD denomination. If the home currency of your live account is in other currency denomination other than SGD, we will do a conversion from SGD to the home currency before crediting the amount into your live account.
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)
When making a Bill Payment, you will need to identify yourself with a Bill Ref/Consumer Reference. When prompted for your Bill Ref/Consumer Reference, please indicate your leveraged FX trading account number. E. g. 04XXXXX.
Cheques should be crossed and made payable to “ Maybank Kim Eng Securities Pte Ltd ”. Please indicate your leveraged FX trading account number (E. g. 04XXXXX), name and contact number on the back of the cheque.
SGD cheque clearance will usually take 2 working days while foreign cheque clearance may take up to a month. Charges incurred for clearing foreign cheques will be borne by you.
For cash payments, please visit any of our Customer Service Centres.
Funds received before 12pm will be credited to your account by 2pm. Funds received after 12pm, but before 4pm, will be credited by 6pm.
Telegraphic Transfer (TT)
Please indicate your leveraged FX trading account number (E. g. 04XXXXX) in the Beneficiary Message column or any reference/remark column where applicable. The details for telegraphic transfer are as follows.
MKES Bank Details for Telegraphic Transfer.
Beneficiary Bank : The HongKong and Shanghai Banking Corporation Limited, Singapore.
Account Name : Maybank Kim Eng Securities Pte. Ltd.
Beneficiary Name : 141-112789-001.
Swift Code : HSBCSGSG.
Remarks : Please indicate your leveraged FX trading account number.
Corresponding Bank : Standard Chartered Bank, New York.
CHIPS UID : 057220 (ABA# 026002561)
Swift Code : SCBLUS33.
Beneficiary Bank : Standard Chartered Bank, Singapore.
Swift Code : SCBLSGSG.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 0174090064.
Remarks : Please indicate your leveraged FX trading account number.
Beneficiary Bank : HongKong and Shanghai Banking Corporation Limited, Hong Kong.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 111-180238-001.
Swift Code : HSBCHKHHHKH.
Remarks : Please indicate your leveraged FX trading account number.
Corresponding Bank : Citibank Ltd, Sydney.
Swift Code : CITIAU2X.
Account No : 0912039005.
Beneficiary Bank : Citibank N. A., Singapore.
Swift Code : CITISGSG.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 0858574072.
Remarks : Please indicate your leveraged FX trading account number.
Beneficiary Bank : Malayan Banking Berhad, Kuala Lumpur Main Branch.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 514012010755.
Swift Code : MBBEMYKL.
Remarks : Please indicate your leveraged FX trading account number.
Corresponding Bank : HSBC Bank PLC UK.
Swift Code : MIDLGB22.
Sort Code : SC400515.
Beneficiary Bank : HSBC Singapore.
Swift Code : HSBCSGSG.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 260-064688-691.
Remarks : Please indicate your leveraged FX trading account number.
Beneficiary Bank : HongKong & Shanghai Banking Corporation Limited, Hong Kong.
Swift Code : HSBCHKHHHKH.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 848-394672-209.
Remarks : Please indicate your leveraged FX trading account number.
Corresponding Bank : HSBC Bank PLC UK.
Swift Code : MIDLGB22.
Beneficiary Bank : The HongKong and Shanghai Banking Corporation Limited, Singapore.
Swift Code : HSBCSGSG.
Beneficiary Name : Maybank Kim Eng Securities Pte. Ltd.
Account No : 260-016472-178.
Remarks : Please indicate your leveraged FX trading account number.
Funds Withdrawal.
Funds withdrawal request can be done via . Please us at keforexmaybank-ke. sg using the you have registered with us officially during account opening. You may choose to receive a cheque or have the funds deposited directly into your bank account.
Withdrawal request received by Maybank Kim Eng Securities Pte Ltd before 12pm on a working day will be processed within 2 working days. Please kindly note that we do not allow 3rd party funds transfer. Cheque will be issued to your name and bank transfer will only be done for the bank account under your name.
Please indicate your choice of withdrawal in your request and the following details.
Your Name Leveraged FX Trading Account Number Withdrawal Amount Bank Name and Bank Account Number (for bank transfer)
As a member of the Maybank Kim Eng Group, our footprints stretch around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Great Britain and the United States of America, and has a presence in the Middle East through Anfaal Capital. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt capital markets, equity capital markets, derivatives, retail and institutional securities broking and research.
A leader in many of the Asian markets that it operates in, Maybank Kim Eng has won numerous prestigious awards in the markets that it serves. We were named Best Institutional Broker (2007-2016) by Alpha Southeast Asia Awards 10 years in a row and the Best Boutique Prime Broker - Client Services 2016 by HFM Asia Hedge Fund Services Awards.
We offer various solutions and competitive commission structures to meet the business needs of different types of institutional clients such as fund managers, professional traders, money managers, family offices, private wealth firms and brokers. Our institutional clients are assured of deep liquidity that is both competitive and consistent through our strong relationship with major banks and financial institutions.
White-label Service – We offer white-label service to help our institutional clients minimize their costs of ownership and alleviate the burden of system maintenance costs through adoption of shared resources. Through this white-label service, our clients can enjoy the benefits of high performance trading system in their own branding at a fraction of the cost. In conjunction, our institutional clients can opt for non-standard connection and high performance messaging service for high performance execution with a small fee.
FIX API Trading – Application Programming Interface (API) offers direct connection to our liquidity pools using the de facto FIX protocol messaging language. FIX API connectivity is suitable for clients who operate their own trading platforms that accept FIX protocol. Some of the clients who engage in algorithmic trading also use FIX API to connect directly to the liquidity pool for smart order routing and order execution.
MT4 Bridge – MT4 Liquidity Bridge provides connectivity between MT4 servers and liquidity pools. This allows customers using MT4 trading platform to pass orders through to the interbank market via ECNs. We provide MT4 Liquidity Bridge to customers who operate their own MT4 servers.
Please contact us to find out more about our services for institutional clients.

Asia: Singapore.
Below is a list of online forex brokers which are incorporated or registered in Singapore. Click on the links in the left column menu for forex brokers in other countries.
(1) The icon designates multiple languages. Clicking on the icon will show or hide the additional languages available. Clicking on the broker name before the language will bring you to their site in that language.
(2) When possible, clicking on the Regulatory Authority will direct you to the regulatory authority's site on either the page for that broker, a list of brokers licensed by that authority, or to a page where you can do a licensed entities search.
Forex Brokers in Singapore.
Singapore (MAS) Regulation News.
10 Aug 2017, Singapore - SMN Weekly - The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) have come out with a joint statement warning the general public of the risks of the initial coin . . .
8 Apr 2015, Singapore - Finance Magnates - The Singapore arm of CMC Markets has been reprimanded by the local regulator for failing to apply prescribed margin rates. According to an announcement published by the Monetary . . .
7 Jul 2017, Singapore - LeapRate - Phillip Futures, member of the PhillipCapital Group based in Singapore, has started to offer the MetaTrader 5 platform to their clients, MetaQuotes anounced earlier today. This makes the . . .
26 Jan 2017, Singapore - Finance Magnates - Protrader can be integrated with various functional APIs to offer a multi-asset trading solution for all major markets. PFSOFT, a developer of trading software for a wide range of . . .
1 Jun 2016, Chicago, IL, USA - PRNewsWire - "Phillip Capital Inc. (PCI), the Chicago based member of the PhillipCapital Group of Companies ("PhillipCapital Group"), will cease to offer retail forex trading to customers . . .

Maybank Foreign Currency Fixed Deposits.
Maybank started operations in Singapore in December 1960 as a fully licensed commercial bank. It successfully established its first local branch in South Bridge. Since its inception the company has continuously grown and expanded, both, in terms of its reach as well as the products and services offered by the bank. In Singapore alone, the bank has 27 service locations that can extensively help their customers meet their financial and banking needs and requirements. To further provide their services with much more convenience to their customers, the bank is spread across 22 Bank Branches and over 35 ATMs in Singapore, located at both, the business districts as well as the suburban estates. The bank strives to provide value added financial services to their customers by offering customizable and innovative banking solutions. To provide their customer base with more convenience, they have harnessed and incorporated the latest technological advances to increase the effectiveness of their networks across the island.
Foreign Currency Fixed/ Time Deposits offered by Maybank.
Maybank offers its customers two different types of Foreign Currency Fixed Deposits to choose from. They are as follows –
Foreign Currency Time Deposit iSaVvy Foreign Currency Time Deposit.
Maybank Foreign Currency Time Deposit.
Using the Foreign Currency Time Deposit, you can diversify your portfolio by secured access to overdraft facilities on your deposit amount. An advantage of Maybank Fixed Deposit is that it is offered at a highly competitive interest and exchange rate.
You can enjoy a preferential interest rate on your Maybank Foreign Currency Time Deposit at a high 3.60percent per annum. This is a Limited Period Offer available now and until the bank decides otherwise.
Features and Benefits of Maybank Foreign Currency Time Deposit.
The bank accepts a minimum initial deposit amount of 10, 000 units for all foreign currencies with an exception of the Japanese Yen. For currency in Japanese Yen, the minimum initial deposit amount is 2.5 million units. You can choose from a flexible placement period of 1, 2, 3 or 6 months for all foreign currencies. A placement period of 12 months is available for the following foreign currencies – GBP, AUD, USD and NZD. Maybank offers competitive interest rates and foreign exchange rates. You can monitor your deposit easily via Phone Banking through Dial-Link and through the Maybank Online Banking Maybank2u. sg.
Eligibility Criteria for Maybank Foreign Currency Time Deposit.
Singapore Citizens Singapore Permanent Residents (PRs) Foreigners The applicant must at least be 18 years of age.
Documentation Required for Maybank Foreign Currency Time Deposit.
Singapore Citizens and Singapore Permanent Residents (PRs) must provide their Singapore NRIC Foreigners must provide their Passport and their Employment Pass The applicant must provide their latest bank statement along with their telecommunication or utility bill that indicates the residential address. Both the aforementioned documents must be the original copies.
•commission - 0.125percent minimum - US$20 maximum - US$100.
•Agent Fee may be applicable.
•commission - 0.125 percent minimum - US$10 maximum - US$50.
•commission - 0.125 percentminimum - £5 maximum - £25.
•commission - 0.125 percentminimum - AU$1, maximum - AU$50.
•commission - 0.125 percentminimum HK$50 maximum - HK$400.
•commission - 0.125percentminimum - ¥1,000, maximum - ¥5,000.
•commission - 0.125 percentminimum - €5, maximum - €25.
•commission - 0.125 percentminimum - C$10, maximum - C$50.
•commission - 0.125 percentminimum - NZ$10, maximum - NZ$50.
Maybank iSaVvy Foreign Currency Time Deposit.
Maybank iSaVvy Foreign Currency Time Deposit is offered at a preferential interest rate as well as exchange rate with an option to choose from myriad foreign currencies. The 5 major foreign currencies accepted are as follows –
Euro (EUR) Australian Dollar (AUD) New Zealand Dollar (NZD) US Dollar (GBP) United States Dollar (USD)
Features and Benefits of Maybank iSaVvy Foreign Currency Time Deposit.
The minimum placement amount for any foreign currency is 10, 000 units. You can choose from a flexible placement period of 1, 2, 3 or 6 months for any of the above listed currencies. For United States Dollar (USD), a placement period of 12 months is available Enjoy competitive foreign exchange rates and interest rate structures Preferential foreign exchange rates and interest rates are offered for 100, 000 units in any foreign currency when you place a minimum deposit of 10, 000 units You can easily monitor your deposit through Online Banking via Maybank2u. sg OR Phone Banking through Dial-Link.
Eligibility for Maybank iSaVvy Foreign Currency Time Deposit.
Singapore Citizens Singapore Permanent Residents (PRs) Foreigners The applicant must at least be 18 years old The applicant must have a Maybank Current or Savings account with Online banking access The principal amount for the Foreign Currency Time Deposit will be debited from this account The interest and the principal upon deposit maturity will be credited to the same account.
Maybank Foreign Currency Time Deposit.
Frequently Asked Questions.
What is the minimum placement amount for the Maybank Foreign Currency Time Deposit and iSaVvy Foreign Currency Time Deposit?
The minimum placement amount for the Maybank Foreign Currency Time Deposit is 10, 000 units for all currencies except the Japanese Yen. The minimum placement amount for the Japanese Yen is 2.5 million units. The minimum placement amount for the Maybank iSaVvy Foreign Currency Time Deposit is 10, 000 units for all currencies.
What are the foreign currencies available for the Maybank iSaVvy Foreign Currency Time Deposit?
The following currencies are available for the Maybank iSaVvy Foreign Currency Time Deposit - Euro (EUR), US Dollar (AUD), New Zealand Dollar (NZD), US Dollar (GBP) and United States Dollar (USD).
How do I monitor my deposit for the Maybank Foreign Currency Time Deposit OR the iSaVvy Foreign Currency Time Deposit?
You can now easily monitor your Fixed Deposit whether you have a Maybank Foreign Currency Time Deposit OR the iSaVvy Foreign Currency Time Deposit by either through Online Banking via Maybank2u. sg OR through Phone Banking via Dial –Link.
Are foreigners eligible to apply for the Maybank Foreign Currency Time Deposit OR the iSaVvy Foreign Currency Time Deposit?
Yes. Foreigners who are at least 18 years of age or above are eligible to apply for the Maybank Foreign Currency Time Deposit OR the iSaVvy Foreign Currency Time Deposit.
What account do I need to open to operate my Maybank the iSaVvy Foreign Currency Time Deposit?
You will need to open and maintain any Maybank Current or Savings Account with access to Online Banking via Maybank2u. sg. This account is crucial because the principal amount for the Foreign Currency Time Deposit will be debited from this account. Also, the interest as well as the principal upon the deposit maturity period will be credited to this account.
The Website bankbazaar. sg is operated by A & A Dukaan Financial Services (Singapore) Pte. Ltd. UEN NO. 201539054K. Address: 80, Robinson Road #09-00 Lattice-80, Singapore, 068898.
All products and company names are trademarks™ or registered® trademarks of their respective Financial Institution and/or Banks.