- Q1. What are the benefits of trading via KE Trade?
- Q2. What are the markets available for trading via KE Trade?
- Q3. What do I need to know about Specified Investment Products (SIPs)?
- Q4. What are the new measures regarding SIPs? How will they affect me?
- Q5. What if I already have a trading account with Maybank Kim Eng and want to trade Specified Investment Products?
- Q6. How will Maybank Kim Eng decide whether I can purchase Specified Investment Products?
Q1. What are the benefits of trading via KE Trade?
- Easy log-in to your cash and margin accounts with a single User-ID and password.
- Trade in multiple markets around the world with the added advantage of having dynamic real-time quotes (only on selected markets) available on screen.
- View simultaneous investment pages with our proprietary 4Site screen for optimal stock review.
- Do away with keying-in orders one at a time. With our proprietary Batch Order function, now you can place up to 5 SGX counters to buy/sell, all at one click of a button.
- Withdraw up to 5 orders simultaneously with our Quick Withdrawal function.
- Trade online with our margin account service where you can trade up to 3.5 times your collateral placed with us (our margin financing terms and conditions will apply). This service and feature gives you greater flexibility to maximize investment opportunities.
- Receive stock alerts via web-alerts, SMS or e-mail to monitor stock movements by using different types of alert triggers - price, percentage change from intra-day price and cumulative volume.
- Choose to settle your trades in local or foreign currency for foreign counters.
- Create and customize up to 10 watchlists to monitor the latest price movements of your favouite Singapore and foreign counters, all in a single watchlist.
- Manage your investment exposure with our Account Management function. You are able to view your daily trust account and custodian balances for cash accounts, as well as your stock holdings, account ledger and margin position summary for margin accounts. As an added service, the daily forex rates are also made available to you.
- Create your personal investment portfolio to view your positions, portfolio valuation and the realised/unrealised profit/loss statement of your investments. You can also choose to export your portfolio to MSExcel.
- Check your Internet trading limits, trading representative's name and contact particulars, account details, and update your personal details.
- Study the trend of buying and selling of a particular counter on a real-time basis with Trade Summary.
- Monitor actual transactions done for a particular counter with Time and Sales.
- Watch a counter with Intra-day Charts which displays charts plotted on real-time basis with time and sales data.
- Use the ever popular Market Depth which displays the SGX-ST ready market of up to 20 levels of bid and offer prices (Market Depth is a subscription-based service for SGX-ST counters).
- Personalize the settings of selected pagelets to your liking. You can change the colours of the fonts and columns, organize by columns your chosen information, and change pagelet layouts to your preference.
Q2. What are the markets available for trading via KE Trade?
- Singapore (SGX)
- Hong Kong (HKEx)
- Malaysia (Bursa Malaysia)
- US (Nasdaq and NYSE)
Q3. What do I need to know about Specified Investment Products (SIPs)?
The Monetary Authority of Singapore has introduced new requirements for broking firms to formally assess their retail customer's investment knowledge and experience before selling Listed and Unlisted Specified Investment Products (SIPs) to them. These stronger measures and enhanced requirements have been imposed by MAS to further safeguard customers' interests.
Listed SIPs include:
- Securities listed on overseas exchanges
- Structured warrants
- Futures (Extended settlement contracts (ES))
- Exchange traded funds (ETFs)
- Exchange traded notes (ETNs)
Unlisted SIPs are not listed on a securities exchange and they include:
- Contract for difference (CFD)
- Leveraged foreign exchange trading (LFX)
- Equity link notes (ELN)
- Structured products
A general guide on safeguards when purchasing SIPs is available here.
Q4. What are the new measures regarding SIPs? How will they affect me?
The following two new measures will apply to you if you wish to purchase a Specified Investment Product or open an account for trading Specified Investment Products (SIPs):
1) Assessing if you fulfil the MAS requirements for competency in trading SIPs
With effect from 1 January 2012, Maybank Kim Eng must assess if you fulfil the MAS requirements by possessing the relevant knowledge and experience before offering a Specified Investment Product to you or opening an account for you to trade in Specified Investment Products.
2) To be eligible for trading in Listed and/or Unlisted SIPs, you need at least 6 trades in any Listed SIPs and/or 6 trades in CFDs or and/or 6 trades in LFX in the preceding 3 years with Maybank Kim Eng and/or other brokers, or satisfy one of the following four criteria
- Have a diploma or higher qualifications in accountancy, actuarial science, business/business administration/business management/business studies, capital markets, commerce, economics, finance, financial engineering, financial planning, computational finance and insurance; or
- Have a professional finance-related qualification; or
- Have a minimum of 3 consecutive years of working experience in the past 10 years
In development of, structuring of, management of, sale of, trading of, research on or analysis of investment products, or the provision of training in investment products. Work experience in accountancy, actuarial science, treasury or financial risk management activities will also be considered relevant experience. Such working experience would also include provision of legal advice or possession of legal expertise on these areas.; or
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Demonstrate sufficient understanding of the features and risks of derivatives through the 'SGX Online Education on SIPs' for Listed SIPs or through a learning module provided by an independent body for Unlisted SIPs.
Maybank Kim Eng will assess whether you may proceed to purchase an Unlisted Specified Investment Product or to trade Listed Specified Investment Products by conducting a Client Proficiency Assessment (CPA) to assess your knowledge and experience before allowing you to trade in SIPs.
If you already have an account for trading SIPs, please refer to the Q5.
Q5. What if I already have a trading account with Maybank Kim Eng and want to trade Specified Investment Products?
If you have an existing account and wish to continue trading Specified Investment Products through the account, Maybank Kim Eng will be required to conduct a Client Proficiency Assessment (CPA) to assess your knowledge and experience before allowing you to trade in SIPs.
If you wish to qualify to purchase Listed or Unlisted SIPs, please download and complete the Client Proficiency Assessment (CPA) Form
Q6. How will Maybank Kim Eng decide whether I can trade Specified Investment Products?
If you wish to qualify to purchase Listed or Unlisted SIPs, please download and complete the Client Proficiency Assessment (CPA) Form
Please mail the completed form to Maybank Kim Eng Securities Pte Ltd at:
63 Market Street
#13-01 Bank of Singapore Centre
Singapore 048942
Alternatively, visit any of our Customer Service Centres or our Investor Centre to complete the Client Proficiency Assessment (CPA) Form
Maybank Kim Eng will assess if you fulfil the MAS requirements by possessing the relevant educational qualifications, work experience or investment experience in that product or similar products, and will take into account whether you have demonstrated sufficient understanding of the product based on your declaration in the form.
