Maybank Securities
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2.6
15 reviews
Unclaimed
This product has not been claimed by the company yet.
Summary
Maybank Securities Reviews 2024
MKE Trade is the online brokerage platform by Maybank Securities, fully-owned investment banking arm of Maybank. Maybank Securities was the first stockbroker to be listed on the Singapore Exchange in 1990.
Brokerage Features & Details
1) Key Features
- Access to a wide range of products such as shares, ETFs, bonds, warrants, REITs, and many more
- Access to global marketings such as Hong Kong, US, ShangHai-Hong Kong, and Malaysia
- Innovative tools and regional research from Maybank’s award-winning analysts. Fully customisable interface on a fluid and responsive platform available on Desktop and Mobile app
- Extensive Data Set - Historical dividend payments, closing prices and adjustments, price earnings, market capitalisation and corporate profile now available at your fingertips.
- Approved and regulated by the Monetary Authority of Singapore (MAS)
2) Commission Fees
SG Stocks & ETFs
- Minimum S$25
- Up to S$50,000: 0.275% (online); 0.50% (offline)
- S$50,000 to S$100,000: 0.22% (online); 0.40% (offline)
- Above S$100,000: 0.18% (online); 0.25% (offline)
US Stocks & ETFs
- Minimum US$20
- All values: 0.30%
HK Stocks & ETFs
- Minimum HK$100
- Up to HK$250,000: 0.25%
- Above HK$250,000: 0.20%
UK Stocks & ETFs
- Minimum GBP20
- All values: 0.30%
3) Other Fees
- SGX Clearing Fee: 0.0325% on contract value
- SGX Trading Fee: 0.0075% on contract value
- SGX Settlement Instruction Fee: $0.35 per settlement instruction
- Withdrawal fees: S$0
- Inactivity fee: S$0
4) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment methods: GIRO, PayNow, Internet Banking, Cheque
- Minimum investment required: S$0
5) Products Offered
- Stocks
- Shares
- Forex
- CFD
- ETFs
- Bonds
- Warrants
- DLC
- REITs
Popular Products
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Summary
Maybank Securities Reviews 2024
MKE Trade is the online brokerage platform by Maybank Securities, fully-owned investment banking arm of Maybank. Maybank Securities was the first stockbroker to be listed on the Singapore Exchange in 1990.
Brokerage Features & Details
1) Key Features
- Access to a wide range of products such as shares, ETFs, bonds, warrants, REITs, and many more
- Access to global marketings such as Hong Kong, US, ShangHai-Hong Kong, and Malaysia
- Innovative tools and regional research from Maybank’s award-winning analysts. Fully customisable interface on a fluid and responsive platform available on Desktop and Mobile app
- Extensive Data Set - Historical dividend payments, closing prices and adjustments, price earnings, market capitalisation and corporate profile now available at your fingertips.
- Approved and regulated by the Monetary Authority of Singapore (MAS)
2) Commission Fees
SG Stocks & ETFs
- Minimum S$25
- Up to S$50,000: 0.275% (online); 0.50% (offline)
- S$50,000 to S$100,000: 0.22% (online); 0.40% (offline)
- Above S$100,000: 0.18% (online); 0.25% (offline)
US Stocks & ETFs
- Minimum US$20
- All values: 0.30%
HK Stocks & ETFs
- Minimum HK$100
- Up to HK$250,000: 0.25%
- Above HK$250,000: 0.20%
UK Stocks & ETFs
- Minimum GBP20
- All values: 0.30%
3) Other Fees
- SGX Clearing Fee: 0.0325% on contract value
- SGX Trading Fee: 0.0075% on contract value
- SGX Settlement Instruction Fee: $0.35 per settlement instruction
- Withdrawal fees: S$0
- Inactivity fee: S$0
4) Account Opening
- Minimum age: 18 years old
- Account opening fee: S$0
- Payment methods: GIRO, PayNow, Internet Banking, Cheque
- Minimum investment required: S$0
5) Products Offered
- Stocks
- Shares
- Forex
- CFD
- ETFs
- Bonds
- Warrants
- DLC
- REITs
Maybank Kim Eng
Maybank Kim Eng
$25
MINIMUM FEE
0.18% to 0.275%
TRADING FEES
CDP
STOCK HOLDING TYPE
Reviews (15)
2.6
15 Reviews
5
1
4
6
3
1
2
0
1
7
Service Rating
Customer Support
3.3
User Experience
2.7
High to Low
17 Aug 2020
Purchased
Maybank Kim Eng
[Commission Rates] $10 for pre-funded account. One of the cheapest. [User Interface] New user interface! need some time to get use to it. [Customer Service] You will be assign with a broker which is very good. You can just check with them directly and they will assist your account.0
What are your thoughts?11 Mar 2021
Purchased
Maybank Kim Eng
Been using them for quite a few years. Like their customer service. But the commission is abit pricey for SG Market. But I think it's the same for other brokerage offering SG Clearing to CDP. Trading Platform wise, I think still ok but charting tool can be better. I like their stock alert system which sends sms to my phone.0
What are your thoughts?02 May 2020
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) However, do note that Maybank Prefunded is no longer available as of today as Maybank has close down this service. [Customer Service] We are each provided a trading represensativd whereby we can contact them for any issues. Basically, if we wish to sell odd shares, we have to contact them as we can't do it ourselves. Overall, the trading rep are pretty responsive. [User Interface] Usee interface might take a little more time to toggle and understand how it works.0
What are your thoughts?Posted 11 Dec 2019
Purchased
Maybank Kim Eng
The trading app for mobile and tablet are considered as the best platform due to easy navigation and good chart information.0
What are your thoughts?13 Jun 2019
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.2
What are your thoughts?View 1 other commentsJay Liu
27 Jul 2018
Accounting and Finance at ACCA
Reply
Save
19 Apr 2019
Signed 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.0
What are your thoughts?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.0
What are your thoughts?Posted 05 Dec 2019
Purchased
Maybank Kim Eng
Queries usually gets answered really quickly thats the best part for me. Platform is a little old but fulfils what needs to be done.0
What are your thoughts?Posted 30 Aug 2023
Purchased
Maybank Kim Eng
They changed their name to Maybank Securities. probably to cover their tracks, but nothing's changed. One of the most horrible brokerage around. If you enjoy burning money to feed unethical management in this company, use their services.0
What are your thoughts?03 May 2021
Purchased
Maybank Kim Eng
never use this bank, seriously, my brother was sue by the bank bankruptcy, not even giving people a chance. blood sucking0
What are your thoughts?
Discussions (0)
Recent Activity
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Popular Products
4.7
482 Reviews
4.5
957 Reviews
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127 Reviews
4.3
432 Reviews
Types of services Maybank Securities provides
Maybank Securities offers a few types of products and services on their trading platform.
- Contract for Difference (CFDs), Exchange Traded Funds (ETFs), Real Estate Investment Trust (REITs)
- Fully customisable interface on a fluid and responsive platform available on Desktop and Mobile app
- Extensive Data Set - Historical dividend payments, closing prices and adjustments, price earnings, market capitalisation and corporate profile now available at your fingertips.
- 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 Securities
Maybank Securities offers various types of account, catered to the different needs of individual investor.
- Basic Trading (Cash) Account
- Forex Trading
Brokerage fees and charges of Maybank Securities
The fees and charges of Maybank Securities 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 Securities
- Maybank Securities: 6432 1888
- Visit Maybank Securities' website for more information
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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