There are two basic charges incurred when trading Contracts for Difference (CFD) - Commission Charges (subjected to GST) and Financing Charges. Other fees such as price feed fees may apply if you are intending to trade the foreign markets.

 

• Brokerage/commission charges
• Financing Charges

 

Brokerage/commission charges

	Singapore	Hong Kong	Australia	UK	USA	Malaysia	Japan	Korea	Taiwan
Commission Charges	0.25%	0.33%	0.23%	0.35%	0.22%	0.40%	0.28%*	0.45%*	0.45%*
Minimum	SGD 15	HKD 100	AUD 15	No minimum

 

* Only Offline trades available for Japan, Korea and Taiwan markets.

 

 

Important note:

• Commission is the same for online and offline trades.
• It is subject to 7% GST.
• All charges will be automatically deducted from your CFD account the following business day.

 

 

Financing Charges

A financing fee is charged daily on any CFD positions held overnight. This amount is debited or credited (if applicable for shorting) from your CFD account on a daily basis. Finance charges are computed based on the end-of-day marked to market value of your CFD portfolio, and are charged on 100% of the marked to market value. There are no finance charges if the position is closed within the same day.

 

	Singapore	Hong Kong	USA	UK	Australia	Malaysia	Japan	Korea	Taiwan
Long	SGD SORF1W +3.5%	HK HIBOR 1W +3.5%	US LIBOR 1W +3.5%	BP LIBOR 1W +3.5%	RBA CASH RATE +3.5%	US LIBOR 1W +3.5%	JP LIBOR 1W +3.5%	US LIBOR 1W +3.5%	US LIBOR 1W +3.5%
Short	SGD SORF1W -3.5%	HK HIBOR 1W -3.5%	US LIBOR 1W -3.5%	BP LIBOR 1W -3.5%	RBA CASH RATE -3.5%	US LIBOR 1W -3.5%	JP LIBOR 1W -3.5%	US LIBOR 1W -3.5%	US LIBOR 1W -3.5%

 

Base Rate
SORF1W : Swap Offer Rate Forward 1 week, source Association of Banks (Singapore Closing)
HIBOR    : HK Dollar Interbank Offered Rate, source HK Association of Banks (Singapore 11:15 am)
LIBOR    : London Interbank Offered Rate, source British Bankers Association (London 11 am)
RBA       : Reserve Bank of Australia Daily Cash Rate (Singapore 7.30 am)

 

 

A monthly live price feed fee is payable for all markets except Singapore. Delayed pricing is available for free for the other markets except Japan, Korea and Taiwan, where trades have to be done offline.

 

• Price Feed Fees
• Rollover Costs
• Other Fees

 

Price Feed Fees

Singapore	Hong Kong	USA	UK	Australia	Malaysia	Japan	Korea	Taiwan
FREE	HKD 220	USD 3	BP 5	AUD 37.50	USD 20	No data available	No data available	No data available

 

 

Rollover Costs

Maybank Kim Eng does not impose a 30 day expiry date on all CFD contracts. Hence, there are no rollover costs.

 

Other Fees

There is no fee needed to maintain or close your CFD account. No interest is earned on dormant funds.

 

 

All CFD contracts are settled in their respective traded currencies, with the exception of the Taiwan, Korea and Malaysia markets.

 

Settlement Currency

	Singapore	Hong Kong	USA	Taiwan	Australia	Korea	Japan	Malaysia	UK
Exchange	SGX	HKEx	NYSE NASDAQ	TWSE	ASX	KRX	TSE	KLSE	LSE
Settlement Currency	Singapore Dollars	Hong Kong Dollars	US Dollars	US Dollars	Australian Dollars	US Dollars	Japanese Yen	US Dollars	GBP

 

Please note that your portfolio in the KE CFD platform can only reflect the SGD currency. By default, all cash deposits in foreign currency, profits and losses from foreign trades will be converted to SGD currency according to an indicative exchange rate. Please refer to your daily statements for a true indication of foreign currencies held.