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Trade from 40 over currency pairs with tight spreads and no brokerage fees.
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Foreign Exchange market is often known as Forex or FX market. The FX market is by far the most liquid financial market worldwide that operates 24 hours a day 5 days a week. The daily turnover recorded *US$5 trillion across different FX instruments such as Spot, Outright Forwards, FX Swaps, Currency Swaps and FX Options. Spot transactions or Spot FX constitute US$1.65 trillion or 32.6% of the total daily turnover. Would you like to participate in the world’s most liquid market? Speak to us now to find out more+.

 

*Source: Bank for International Settlements Triennial Central Bank Survey 2016

+ We only offer Spot FX trading on leverage basis or also known as margin FX trading or leveraged FX trading

 

Over-the-Counter Market (OTC)

Unlike exchange-traded securities, FX market is mostly traded on an over-the-counter or OTC basis. So what is an OTC market? An OTC market is not channelized via any centralized exchange. Investors trade into the OTC market buying and selling one currency against another (currency pairs) on prices quoted by market makers. Market makers are primarily banks and non-bank financial institutions. We provide direct market access to this liquidity pool as the counterparty to you.

 

Spot FX Contract Specifications

*View our competitive spreads under normal market conditions.

 

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You may download our KE Forex SG mobile apps from Apple Store or Google Play to view our streaming live prices.

 

Leverage Ratio/Margin Requirement

Leverage provides you the ability to trade a larger amount with smaller initial deposit. The leverage ratio is a directly function of margin requirement. For example if the leverage ratio for EUR/USD is 1:25, with a US$100 deposit, you can trade up to US$100 x 25 = US$2,500. The leverage ratio of 1:25 is equivalent to 4% (1/25 * 100%). Hence, to trade a notional amount of US$2,500 at 4% margin requirement, you need to put aside US$100 as margin amount to open this position. Leverage ratios or margin requirements differ for different currency pairs determined by us from time to time.

 Get a free demo account now to view our leverage ratio and experience our trading platform.

 

Margin Call

Margin call occurs when your account equity falls below 100% of your margin used. You will need to make an additional deposit to resolve the margin call. Alternatively, you can close out some or all of your open positions to reduce your margin used. When your account is in margin call status, you are unable to open new positions but you can close out existing open positions.

E.g. you have US$5,000 in your account opening balance and you bought 100,000 EUR/USD position at 1.0650 for 4% margin requirement, your margin used will be US$4,260 (4% X 100,000 EUR X 1.0650 = US$4,260). Assuming the price falls to 1.0576 (74 pips), the unrealized loss is US$5,750. The account equity is now US$4,250 which is less than 100% of the margin used (US$4,260), your account is in margin call status.    

 

Stop Out Level

In the event the account equity drops below 30% of the margin used at any point in time regardless whether an official margin call notification is issued to you, the system will automatically close out all open positions in your portfolio to prevent further loss to your capital. Please be informed that the sell-out of all open positions is triggered by the system as market orders. You may lose more than your capital in some adverse market conditions.   

 

Swaps

Swaps, often known as overnight interest or rollover interest, are interest payable or receivable for holding open positions overnight. You may pay or receive interest depending on the direction (buy or sell) and currency pair you rolled over to the next trading day at New York close. The interest amount is dependent of the notional amount you rolled over and the swap points quoted in pips.

 Get a free demo account now to view our swap charges by holding some open positions overnight.

 

Minimum Lot Size

The minimum allowable notional amount is 0.01 of a standard lot or 1,000. There is no maximum lot size limit but the fill is subject to liquidity availability. Price slippages are expected for large notional amount.

 

Trading Hours

The FX market opens for 24 hours a day, 5 days a week. However, our trading platform has a blackout period of 5 minutes after market opens and 5 minutes after market closes. The blackout period was introduced to isolate off-market prices as liquidity is thin during that period.

 

New York opens at 8:00 am to 4:55 pm EST (EDT)

*Sydney opens at 5:05 pm to 2:00 am EST (EDT)

Tokyo opens at 7:00 pm to 4:00 am EST (EDT)

London opens at 3:00 am to 12:00 noon EST (EDT)

 

* Trading starts on Sunday 5:05pm NY EST (EDT)               

EST = Eastern Standard Time (autumn/winter)

EDT = Eastern Daylight Time (spring/summer)

 

Conversion Rates

Your profit and loss in various currencies will be converted to your account home currency using our end of day mid-rate.

 

Platform

Currenex

Currenex is a market-leading technology provider offering the FX community high-performance technology. We partner with Currenex to provide you with stable access performance levels during volatile market conditions. With many significant market liquidity sources connected to the venue, we are able to provide you a premium source for FX liquidity.

Get a free demo account now and experience it yourself. 

 

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Advanced Charting Tools

The trading application comes installed with many advanced charting tools to suit your different trading styles.

  • Chart Types – 12
  • Trend – 24
  • Volatility – 10
  • Momentum – 8
  • Linear – 8
  • Oscillators – 16
  • Custom – 13

 

You can even configure to view single or multiple charts. All charts setting can be saved as templates for later use by loading the desired template you have saved in the library.

 

FX Top Stories and Currency Alerts

Updated FX top stories and currency alerts streaming through the trading application to equip you with the information you need to make prompt decisions and manage your currency exposures. 

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Mobile Trading Capabilities

The trading application comes with mobile apps for iPhones and Android phones for seamless trading between devices when you are on the go.  

 

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Accounts

There is no minimum sum requirement to open a live account with us. However, you need to ensure you have sufficient funds in your live trading account to open a minimum of 1,000 notional amount based on the margin requirements we set. 

E.g. to trade a minimum 1,000 notional amount of EUR/USD at the spot rate 0f 1.0615 at 4% margin requirement, you need to have at least USD42.46 (1,000 X 4% X 1.0615)

Deposit and Withdrawal

 There is a variety of options to fund your live trading account with us.

 

Bill Payment Service via Internet Banking

With Bill Payment Service, you can pay via Internet Banking through the following banks if you have an account with these banks in Singapore. Please be informed the bill payment service is in SGD denomination. If the home currency of your live account is in other currency denomination other than SGD, we will do a conversion from SGD to the home currency before crediting the amount into your live account.

 

  1. Maybank Singapore
  2. DBS (DBS Bank)
  3. HSBC (Hong Kong and Shanghai Banking Corporation)
  4. OCBC Bank (Overseas-Chinese Banking Corporation)
  5. SCB (Standard Chartered Bank)
  6. UOB (United Overseas Bank)

 

When making a Bill Payment, you will need to identify yourself with a Bill Ref/Consumer Reference. When prompted for your Bill Ref/Consumer Reference, please indicate your leveraged FX trading account number. E.g. 04XXXXX

 

Cheque

Cheques should be crossed and made payable to “Maybank Kim Eng Securities Pte Ltd”. Please indicate your leveraged FX trading account number (E.g. 04XXXXX), name and contact number on the back of the cheque.

 

SGD cheque clearance will usually take 2 working days while foreign cheque clearance may take up to a month. Charges incurred for clearing foreign cheques will be borne by you.

 

Cash

For cash payments, please visit any of our Customer Service Centres.

Funds received before 12pm will be credited to your account by 2pm. Funds received after 12pm, but before 4pm, will be credited by 6pm.

 

Telegraphic Transfer (TT)

Please indicate your leveraged FX trading account number (E.g. 04XXXXX) in the Beneficiary Message column or any reference/remark column where applicable. The details for telegraphic transfer are as follows.

 

MKES Bank Details for Telegraphic Transfer

 

SGD

Beneficiary Bank              :               The HongKong and Shanghai Banking Corporation Limited, Singapore

Account Name                  :               Maybank Kim Eng Securities Pte. Ltd.

Beneficiary Name             :               141-112789-001

Swift Code                       :               HSBCSGSG

Remarks                         :               Please indicate your leveraged FX trading account number

 

USD

Corresponding Bank       :               Standard Chartered Bank, New York

CHIPS UID                     :               057220 (ABA# 026002561)

Swift Code                     :               SCBLUS33

Beneficiary Bank            :               Standard Chartered Bank, Singapore

Swift Code                     :               SCBLSGSG

Beneficiary Name           :               Maybank Kim Eng Securities Pte. Ltd.

Account No                    :               0174090064

Remarks                       :               Please indicate your leveraged FX trading account number

  

HKD

Beneficiary Bank            :               HongKong and Shanghai Banking Corporation Limited, Hong Kong

Beneficiary Name           :               Maybank Kim Eng Securities Pte. Ltd.

Account No                    :               111-180238-001

Swift Code                    :               HSBCHKHHHKH

Remarks                       :               Please indicate your leveraged FX trading account number

 

 AUD

Corresponding Bank       :               Citibank Ltd, Sydney

Swift Code                     :               CITIAU2X

Account No                    :               0912039005

Beneficiary Bank            :               Citibank N.A., Singapore

Swift Code                     :               CITISGSG

Beneficiary Name           :               Maybank Kim Eng Securities Pte. Ltd.

Account No                    :               0858574072

Remarks                       :               Please indicate your leveraged FX trading account number

   

MYR

Beneficiary Bank             :               Malayan Banking Berhad, Kuala Lumpur Main Branch

Beneficiary Name            :               Maybank Kim Eng Securities Pte. Ltd.

Account No                     :               514012010755

Swift Code                     :               MBBEMYKL

Remarks                        :               Please indicate your leveraged FX trading account number

  

GBP

Corresponding Bank       :               HSBC Bank PLC UK

Swift Code                     :               MIDLGB22

Sort Code                      :               SC400515

Beneficiary Bank            :               HSBC Singapore

Swift Code                     :               HSBCSGSG

Beneficiary Name           :               Maybank Kim Eng Securities Pte. Ltd.

Account No                    :               260-064688-691

Remarks                       :               Please indicate your leveraged FX trading account number

  

CNH

Beneficiary Bank             :               HongKong & Shanghai Banking Corporation Limited, Hong Kong

Swift Code                      :               HSBCHKHHHKH

Beneficiary Name            :               Maybank Kim Eng Securities Pte. Ltd.

Account No                     :               848-394672-209

Remarks                        :               Please indicate your leveraged FX trading account number

   

EUR

Corresponding Bank      :               HSBC Bank PLC UK

Swift Code                    :               MIDLGB22

Beneficiary Bank           :               The HongKong and Shanghai Banking Corporation Limited, Singapore

Swift Code                    :               HSBCSGSG

Beneficiary Name          :               Maybank Kim Eng Securities Pte. Ltd.

Account No                   :               260-016472-178

Remarks                      :               Please indicate your leveraged FX trading account number

 

Funds Withdrawal

Funds withdrawal request can be done via email. Please email us at keforex@maybank-ke.com.sg using the email you have registered with us officially during account opening. You may choose to receive a cheque or have the funds deposited directly into your bank account.

 Withdrawal request received by Maybank Kim Eng Securities Pte Ltd before 12pm on a working day will be processed within 2 working days. Please kindly note that we do not allow 3rd party funds transfer. Cheque will be issued to your name and bank transfer will only be done for the bank account under your name.

 

Please indicate your choice of withdrawal in your email request and the following details.

  •          Your Name
  •          Leveraged FX Trading Account Number
  •          Withdrawal Amount
  •          Bank Name and Bank Account Number (for bank transfer)

 

Institutional

As a member of the Maybank Kim Eng Group, our footprints stretch around the globe with offices in Malaysia, Singapore, Hong Kong, Thailand, Indonesia, Philippines, India, Vietnam, Great Britain and the United States of America, and has a presence in the Middle East through Anfaal Capital. Maybank Kim Eng has been in Asia for more than 40 years and provides services in corporate finance, debt capital markets, equity capital markets, derivatives, retail and institutional securities broking and research.

   A leader in many of the Asian markets that it operates in, Maybank Kim Eng has won numerous prestigious awards in the markets that it serves. We were named Best Institutional Broker (2007-2016) by Alpha Southeast Asia Awards 10 years in a row and the Best Boutique Prime Broker - Client Services 2016 by HFM Asia Hedge Fund Services Awards.

 Our Accolades

http://www.maybank-ke.com/about-us/our-accolades/

  We offer various solutions and competitive commission structures to meet the business needs of different types of institutional clients such as fund managers, professional traders, money managers, family offices, private wealth firms and brokers. Our institutional clients are assured of deep liquidity that is both competitive and consistent through our strong relationship with major banks and financial institutions.   

 White-label Service – We offer white-label service to help our institutional clients minimize their costs of ownership and alleviate the burden of system maintenance costs through adoption of shared resources. Through this white-label service, our clients can enjoy the benefits of high performance trading system in their own branding at a fraction of the cost. In conjunction, our institutional clients can opt for non-standard connection and high performance messaging service for high performance execution with a small fee.   

 FIX API Trading – Application Programming Interface (API) offers direct connection to our liquidity pools using the de facto FIX protocol messaging language. FIX API connectivity is suitable for clients who operate their own trading platforms that accept FIX protocol. Some of the clients who engage in algorithmic trading also use FIX API to connect directly to the liquidity pool for smart order routing and order execution.

 MT4 Bridge – MT4 Liquidity Bridge provides connectivity between MT4 servers and liquidity pools. This allows customers using MT4 trading platform to pass orders through to the interbank market via ECNs. We provide MT4 Liquidity Bridge to customers who operate their own MT4 servers. 

  

Please contact us to find out more about our services for institutional clients.

Contact Us

Corporate Address

Maybank Kim Eng Securities Pte Ltd

50 North Canal Road

Singapore 059304 

 

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Leveraged FX

Hotline: (65) 6231 5577

Execution Desk: (65) 6533 6739

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