Maybank Kim Eng

Maybank Kim Eng

4.0
(3)
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Ratings Breakdown (3)

4.0
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OperationsWholly-owned subsidiary of Maybank Investment Bank Arm
Stock holding typeCentral Depository Account (CDP)
FeesMinimum: $25 < 50k: 0.275% 50 - 100k: 0.22% >100k: 0.18%
Cash Upfront OptionMinimum $10 or 0.18% whichever is higher
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  • Jonathan Chia Guangrong
    Jonathan Chia Guangrong
    6 Reviews, 367 Upvotes
    Reviewed on 18 Sep 2018
    Signed 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.
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  • JianHao Soo
    JianHao Soo
    6 Reviews, 44 Upvotes
    Reviewed on 15 Sep 2018
    Signed 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)
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  • Jay Liu
    Jay Liu
    5 Reviews, 337 Upvotes
    Reviewed on 10 Jul 2018
    Maybank 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 Interface is pretty outdated and it took me sometime to navigate the site. 2.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.
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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%

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