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| Product Name | Maybank Kim Eng |
|---|---|
| Stock holding type | Central Depository Account (CDP) |
| Fees | Minimum: $25 < $50k: 0.275% $50 to $100k: 0.22% > $100k: 0.18% |
| Cash Upfront Option | Minimum $10 or 0.18% whichever is higher |
More about Maybank Kim Eng
Reviews (4)
Q&A (1)
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- Tee Hon EngLevel 2. Rookie‧Updated 2d agoSigned up for a pre-funded account last year. Commission rate is low. Just a reminder, indicate an amount higher than $100 for MIP. As indicated $100, your commission rate would be more than 1%. For example, if you indicate $100 for a stock priced at $25. They would purchase 3 units for you as they take into consideration fees in that $100. The commission is a minimum $1, thus your commission rate is approx 1.33% instead of 1%. With the same logic, try and accumulate at least $8500 stock value before the intention to sell.Comments (0)00Share this
Jonathan Chia GuangrongLevel 6. Master‧Reviewed on 18 Sep 2018Signed up for a prefunded account last year to start on their monthly investment programme. I'd say they have the widest range of stocks for selection to rsp into on a monthly basis. Their website is a bit old fashioned but workable enough. Just downloaded their app recently to start on margining some stocks and it's quite straightforward to use. Better than the other local broker app I used in the past and it allows fingerprint authentication to sign in.Comments (0)00Share this- JianHao SooLevel 3. Wonderkid‧Reviewed on 15 Sep 2018Signed up for Maybank Prefunded account during a roadshow and there was an on-going promotion whereby one can get 12 months of $0 commission for Monthly Investment Plan. Pretty good way to perform RSP as there's no cost (and no custodian fees charged too)Comments (0)00Share this
Jay LiuLevel 6. Master‧Reviewed on 10 Jul 2018Maybank Kim Eng used for a prefunded account to do my RSP. Pros: 1. More counters for selection to do RSP 2. 1% sales charge for transaction below $1,000. 3. Units are notified via email when purchased on the 9th. As I prefer online statements compared to letters. Cons: 1. Interface is pretty outdated and it took me sometime to navigate the site. 2. Need a min. of 100units to be able to sell. 3. There's sale charge when selling but insignificant for a low amount.Comments (2)30Share this
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Types of services Maybank Kim Eng provides
Maybank Kim Eng offers a few types of services on their trading platform.
- GIRO service offers an automatic and convenient way of debiting payment from credit sale proceeds to designated bank account.
- Electronic payment for shares (EPS) feature where investor can conveniently pay for their Singapore shares investment at ATMs or through their iBanking account.
Types of account available with Maybank Kim Eng
Maybank Kim Eng offers various types of account, catered to the different needs of individual investor.
The types of account Maybank Kim Eng provide are:
- Basic Trading (Cash) Account
- Forex Trading
Brokerage fees and charges of Maybank Kim Eng
The fees and charges of Maybank Kim Eng are as follows:
Online
- Minimum Commission: S$25
- Investment of S$50,000 and below: 0.275%
- Investment of S$50,000 to S$100,000: 0.22%
- Investment above S$100,000: 0.20%
Phone
- Minimum Commission: S$40
- Investment of S$50,000 and below: 0.50%
- Investment of S$50,000 to S$100,000: 0.40%
- Investment above S$100,000: 0.25%
Other transaction charges:
- Clearing fee imposed by CDP: 0.0325%
- SGX Trading fee: 0.0075%
Contact Maybank Kim Eng
- Maybank Kim Eng: 6432 1888
- Email: [email protected]