Is Maybank Kim Eng the cheapest for monthly investment plan via pre funded account?

Saw that they have a list of blue chips, US, HK stocks and as little as $1 commission.

Currently they have $0 commission to end June.

Discussion (1)

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Tan Wei Ming

11 May 2019

Founder and Writer at Frugal Youth Invests

Depending on how much you are investing every month. If it is less than $500 then POSB InvestSaver and Maybank KE MIP are cheaper since their commission is min $1.

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Is it advisable to open 2 accounts - 1 POSB Invest saver and 1 with Maybank to invest in bonds? Want to invest in both bonds + REITs. Split should be $300 POSB + $200 with Maybank via monthly plan.?

Maybank Kim Eng will be discontinuing it’s Monthly investment plan. Due to this, I’ll have to switch to a different provider to invest in REITs. Any provider to recommend for less than $300/mth?

What can I do now that Maybank Kim Eng is stopping Monthly Investment Plan(MIP)? Any other alternative out there that I can consider? also, what will happen to my odd lots of shares if I do not sell it off?

Is it possible to transfer all my units from DBS invest saver to Maybank Kim Eng? Or do I just have to stop putting money into DBS and just open account with Maybank Kim Eng instead?

Thoughts on the pros/cons of investing in Irish Domiciled ETFs via Saxo vs directly in US ETFs via IB or TD? Been having issues with funding Saxo account via transferwise and am thinking to switch.?

Maybank Kim Eng

2.6

15 Reviews

$25

MINIMUM FEE

0.18% to 0.275%

TRADING FEES

CDP

STOCK HOLDING TYPE

Is it advisable to open 2 accounts - 1 POSB Invest saver and 1 with Maybank to invest in bonds? Want to invest in both bonds + REITs. Split should be $300 POSB + $200 with Maybank via monthly plan.?

Maybank Kim Eng will be discontinuing it’s Monthly investment plan. Due to this, I’ll have to switch to a different provider to invest in REITs. Any provider to recommend for less than $300/mth?

Is it possible to transfer all my units from DBS invest saver to Maybank Kim Eng? Or do I just have to stop putting money into DBS and just open account with Maybank Kim Eng instead?

Thoughts on the pros/cons of investing in Irish Domiciled ETFs via Saxo vs directly in US ETFs via IB or TD? Been having issues with funding Saxo account via transferwise and am thinking to switch.?