- Brokerage Rates
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.
|Country||Commission||Financing Charges||Live Price Feed / Month*|
|Singapore||0.25% (Min. SGD 15)||
|Hong Kong||0.33% (Min. HKD 100)||HKD 120|
|USA||0.22% (Min. USD 15)||USD 3|
|UK||0.35% (Min. GBP 15)||GBP 5|
|Australia||0.23% (Min. AUD 15)||AUD 37.50|
|Japan+||0.27% (Min. JPY 2500)||NA|
|Malaysia||0.40% (Min. USD 20)||
|Indonesia||0.30% (Min. USD 30)||
+ Japan CFDs are only available on a per-request basis.
* All price feed fees will be deducted from the CFD account.
- 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.
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.
The Maybank KE Base Rate is the interest rate set by the underlying Interbank Rate for the currency of the relevant shares. The Maybank KE Base Rate varies from market to market and is subject to change at the sole discretion of Maybank KE. All charges are subject to changes at the sole discretion of Maybank KE.
Live price feed is payable for all markets except Singapore.
Live or delayed market price feed is required for online trading access, and delayed price feed will be provided for the other markets. If market data is not available, only offline trades (placing trade through a Trading Representative) will be allowed.
Maybank Kim Eng does not impose a 30-day expiry date on all CFD contracts. Hence, there are no rollover costs.
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 settlement currencies. As a result, some transactions will result in profit/loss being accrued in the settlement currency other than tyour base currency.
|Singapore||SGX||Singapore Dollars / US Dollars (For US Dollar denominated stock)|
|Hong Kong||HKEx||Hong Kong Dollars|
|USA||NYSE, NASDAQ & AME||US Dollars|
|UK||LSE||Great British Pounds|
Do note that the profit/loss accrused in their respective settlement currencies will not be auto-converted to your base currency. Please refer to your daily statement for a true indication of foreign currencies held. Inform your Trading Representative if you wish to convert the profit/loss in their respective settlement currencies to your base currency.