Visit our Customer Service Centres at: Visit our Investor Centre at: How do I open a KE Forex account? You may apply for an account online, by mail or in person at any of our Customer Service Centres or Investor Centres.
What documents do I need to open a KE Forex account? You will maybank required to complete the forms below and read through the terms and conditions prior to opening a KE Forex account. There is no minimum deposit required to open an account with us.
However, you need to have sufficient free equity in your account to trade 1 micro lot 1, unit which is the smallest tradable size. Below is the list of additional supporting documents required when opening a Corporate account. Local incorporated companies can have their documents certified by 2 Directors or 1 Director and Company Secretary, if RCB search is done by Maybank Kim Eng. Name of the person certifying should be affixed. All supporting documents are to be certified-true by 1 Director.
Name of person certifying should be affixed. All supporting documents are to be certified-true by any of the below mentioned authorised witness:. What do I need to know about Specified Investment Products SIPs? Maybank Monetary Authority of Singapore MAS requires broking firms to formally assess their retail customers' investment knowledge and experience before selling certain investment products to them.
These measures have been imposed by MAS to further safeguard customers' interests. Under these measures, brokers must conduct a Customer Knowledge Assessment to find out if a customer has the relevant knowledge or experience to understand the risks and features of Leveraged Foreign Exchange LFX trading. Forex you wish to qualify to continue trading LFX, please visit any of our Customer Service Centres or our Investor Centres to complete the Client Proficiency Assessment CPA Form.
Maybank Kim Eng Securities Pte Ltd Client Services Department 9 Temasek Boulevard Suntec Tower Two Singapore How do I deposit funds into my KE Forex account? There is a variety of ways to fund your Forex trading account. How do I withdraw funds from my KE Forex Account? Withdrawal request received by Maybank Kim Eng Securities Pte Ltd before 12pm on a working day will maybank processed within 2 working days. You may choose to receive a cheque or have the funds deposited directly into your bank account.
Please email us at keforex maybank-ke. What is Leveraged Forex trading? Leveraged Forex is used for trading on market movements by comparing the strength of a currency relative to another. Margin refers to a percentage of the contract size that needs to be deposited to open a position. With leverage, you can take positions larger than the funded balance in your account. However, leverage can either magnify profit or loss.
Why do traders trade Forex? It is likely due to the highly liquid nature of the Forex market open 24 hours a day and huge trading volume. Q3 How does one trade on a currency maybank An hour later, the price moves to 1. What are the trading hours of Leveraged Forex market? The Foreign Exchange market is unique from other financial markets as trading is available hours a day excluding weekends. Please note that spreads may be wider between 4. What is rollover interest? Rollover is a process whereby the settlement of the contract is rolled forward to the next value date.
Rollover interest will either be credited or debited dependent on the currency pair and direction taken. You are required to add an additional hour to 5am Singapore Time approximately from November to March. This three-day adjustment covers settlement of trades over the weekend period. Is there an expiry date for Leveraged Forex contracts? There is no expiry date for spot Leveraged Forex.
Clients with open positions can hold them indefinitely, provided they have sufficient margins in their accounts to finance the position s. What is the minimum contract size for trading Leveraged Forex? The minimum contract size is one micro contract units. What are the currencies that offered by KE Forex and their respective margins offered?
KE Forex offers 46 currencies pairs for trading, and margin required is dependent on each currency pair. How do I place my orders or trade? You have the choice to trade electronically via our KE Forex trading platform or to call the Execution Trading Desk at 65 When should I call the Execution Trading Desk?
All Maybank Kim Eng clients are encouraged to call the Execution Desk in the following situations:. Can I partially close out my K position? Yes, you can amend the order size on your close out ticket. What is the spread quoted by KE Forex?
Spreads are subject to variation, especially in volatile market conditions. KE Forex does not charge any further commission other than the platform spreads. What is KE Forex Margin Call and Autoliquidation policy As Leveraged Forex is a margin based product, all clients are advised to monitor their positions closely and take action where necessary.
Margin Call In a situation where Margin Available becomes zero, a margin call warning pop out screen would appear on your platform alongside with a margin call email.
Auto-liquidation Forex a margin call is faced consecutively for three business days, closure of all positions would take place on the following business day.
How do I change my password after logging in? To change your password, complete the following steps:. What if I forget my User ID and password?
You may call our Forex Hotline at 65 to request for your User ID. If you have forgotten your password, call our Forex Hotline at 65 and a new password will be sent to you by mail, to your address in our records. A Limit order sets the price at which the trader is willing to buy or sell at. Accordingly, while a price of Buy Limit order should be lower than the market price, a price of Sell Limit order should be higher than the market price.
Maybank is no guarantee that the order will be triggered at a specified price or better if the price of a currency pair rises or falls rapdily after major news or when the market reopens after a weekend.
It can be use to initiate a new position. A Sell Stop is usually placed below the current market price while a Buy Stop is usually placed above the current market price. In addition to risk management purpose, some traders use Stop orders to trade on market breaks. There is no guarantee that loss will be limited if the price of a currency pair rises or falls rapdily after major news or when the market reopens after a weekend.
GTC Order Good-till-cancel A Good-till-cancel GTC order will remain active until the trader decides to cancel it. Clients will not be able to withdraw or amend GTC order submitted through KE Forex trading platform over the weekend. This is to demonstrate the commitment to the contract entered into by the customer.
KE Forex may set a higher margin requirement from time to time. How would I know if I have a Margin Call? Once the Equity Balance falls below the maintenance margin level, a notification will be issued to clients to top up their funds, so as to return the Equity Balance to the Initial Margin level. The Margin Call notification will usually be made by email. Please ensure that your contact details are updated at all time to avoid any miscommunication.
What should I do if I have a Margin Call? To meet the call, you can either top-up your account back to the initial margin level or liquidate sufficient open positions to bring the initial margin level below the equity balance of your account.
The fastest method of top-up would be by cash at our office cashiers where funding of the account would be done within the day. How much time do I have to top-up for my Margin Call? You are required to top up your account once you are notified of a margin call immediately. Can I trade when I have an outstanding Margin Call?
No, you can only close out existing position s. How do I top-up my Margin Call? The fastest way to top-up is to make a cash payment. For cash paymentS, please visit any of our Customer Service Centres: Funds received after 12pm, but before 4pm, will be credited by 6pm. For more options on how to fund your account, please refer to our FAQs on "Deposit and Withdrawal". As we can only allow you to trade with cleared funds in your account, any funds in transit or promised funds will not be credited to your account until they are cleared and received by us.
Please note that Singapore cheques take at least two working days to clear upon receipt. Foreign cheques may take up to a month to clear upon receipt, depending on the currency and whether the cheque is drawn from a bank in Singapore or overseas. For more information, please contact us at 65 or email us at keforex maybank-ke. Calling in to place a trade. What is the procedure to call-in and place trade? State your order clearly to the KE Forex Execution Desk, paying attention to the contract currency pair, quantity, and order buy or sell.
How do I get confirmation on my done trades? You may contact the KE Forex Execution Desk at 65 to confirm the forex done. Can I call the dealer to check on my Net Position?
You can contact the dealer to check on your Net Position at 65 It looks like you are using an older version of Internet Explorer. Using an outdated browser makes your computer unsafe. For the best experience on the web, please update your browser or install Google Chrome Frame. Maybank Kim Eng Singapore. FAQs Account Opening Deposit and Withdrawal Product Security Technical Support Trading User Guides Select All Clear All.
How do I open a KE Forex corporate account? All supporting documents are to be certified-true by any of the below mentioned authorised witness: Bill Payment Service via Internet Banking With Bill Payment Service, you can pay via Internet Banking through the following banks: Please state your KE Forex trading account number, name and contact number on the back of the cheque. Please also state clearly that this payment is meant for KE Forex.
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. Telegraphic Transfer TT Please state your KE Forex trading account number and forex along with the telegraphic transfer. This involves the simultaneous buying and selling of a pair of currencies on margin.
Our market hours are as follows: All Maybank Kim Eng clients are encouraged to call the Execution Desk in the following situations: There is no immediate access to the Internet When there is an Internet failure or if you are unable to connect to the Maybank Kim Eng Forex Trading Terminal Q To change your password, complete the following steps: Select "File" at the top left hand side of the screen after you have logged in Select "Change Password" Enter your current password followed by your new password.
Lastly, confirm the new password Note: For security reasons, it is advisable to: Change your password on a regular basis Create a strong password case-sensitive, combination of alphabets and numerals Note: We will sen the new password to you by mail only upon successful verification of your signature. What are the recommended system requirements for Internet trading? Windows 7 or above Intel Pentium 4 2. Types of Orders Q1. Calling in to place a trade Q1. Product Term Sheet KE Forex User Guide.
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