We are stock brokers under Maybank Kim Eng, one of the established stock broking firms in Asian Region and recently acquired by Maybank.
- Enjoy low trading rate (as low as 0.18%*) for trading in Singapore Stock Exchange.
- You could ask for higher trading limit*
- Easy access to multiple countries - Singapore, Malaysia, United States & Hong Kong etc.
- Easy access to multiple products - ETFs, Equities, CFD & ES etc.
- Free Seminars
- Free Personal Training - Fundamental Analysis & Equity Investment & Portfolio Management*
- Free Newsletters
- Enjoy Promotions time to time
To open stock trading account online, you may come to our website and fill up your particulars and enter the Preferred Remisier code = "LP". We will contact you shortly.
FAQs
Q1. How do I open a KE Trade account?
For New Individual Clients
There are 2 ways to open an account:
1) In Person
You can choose to contact us via bd@jackphanginvestment.com to bring you to complete the application forms.
Alternatively, you can download and complete these forms and together with the supporting documents, bring them to us:
f. Client Investment Profile (Individual) / Client Investment Profile (Joint)
Supporting Documents
a. Identity card (for Singaporeans, Permanent Residents and Malaysians)
b. Passport and Work Permit (for Foreigners)
c. Re-entry Permit (for Malaysians with Singapore Permanent Resident status)
2) By mail
You can download and complete the above forms and together with the supporting documents, mail them to us. However, please have all forms and supporting documents signed and witnessed by a notary public or commissioner for oaths. Please mail to Kim Eng Securities Pte Ltd at:
- 63 Market Street #12-01 (Please state Remisier Name = PHANG SHENG JIE, JACK)
Q2. What is your opening hours for your offices?
Q3. How long will it take to open a KE Trade account?
Q4. Are there any charges/deposit required for opening a KE Trade account?
Q5. Are there any other accounts or forms that I must open or submit before trading markets available at KE Trade?
Q6. What is the trading limit for KE Trade and who should I call to increase my limit?
Q7. What are the costs involved in Stock Trading?
Our Customer Service Centres are open from Monday to Friday (except for public holidays), from 9am to 6pm.
Our Investor Centre is open daily (except on Christmas and the first 2 days of Chinese New Year), from 10am to 10pm.
Alternatively, you could contact via email bd@jackphanginvestment.com and we will arrange for personal meeting with you.
Notice: On 24 Dec, Kim Eng Investor Centre will be open from 11am to 8pm.
Q3. How long will it take to open a KE Trade account?
For new client, it will take approximately 3-7 working days to open a KE Trade account upon receipt of your completed forms and verification of your signature. For existing clients, it will take 2-5 working days to open a KE Trade account upon receipt of your completed forms and verification of your signature.
There are generally no charges or deposits required to open a KE Trade account.
For trading on the Bursa Malaysia (formerly KLSE) market, you are required to open a nominee CDS account with our Malaysian counterparty broker for online trading. A payment of S$5.00 is required for opening of this account.
For trading on the US markets (NASDAQ/NYSE), you are required to sign a W8-Ben form.
A global trading limit (for trades done through your trading representative and KE Trade) is set based on information furnished in your account opening form.
The daily trading limit on KE Trade online and mobile is a subset of the global trading limit. Once you have reached this limit on a particular day, you will not be able to trade via KE Trade online and mobile. You may continue to trade through your trading representative, subject to your total outstanding transactions not exceeding the global trading limit. On the next market day, you may resume trading on KE Trade online and mobile at the same daily limit provided you have not exceeded your global trading limit. You may contact your trading representative directly to request for an increase in trading limit.
To check your online trading limit and trading representative contact particulars, please log in to KE Trade and do the following:
- Click on the "Personal Configuration" icon
- Select "Profile"
- Select "Trading Limit" for your online limit; or
- Select "Trading Representative" for your trading representative's name and contact particulars
Trades done in the Singapore market
Trust Account fees
The brokerage rates for trades done in the Singapore market are as follows:
| Contract Value | Offline Trade (%) | Online Trade (%) | Mobile Trade (%) |
|---|---|---|---|
| Up to S$50,000 | 0.50 | 0.275 | 0.275 |
| Above S$50,000 & up to S$100,000 | 0.40 | 0.22 | 0.22 |
| Above S$100,000 | 0.25 | 0.18 | 0.18 |
| Minimum | S$40 | S$25 | S$25 |
Important note:
- All brokerage rates are negotiable subject to the published minimum.
- We reserve the right to revise the published brokerage fees from time to time.
Other than the brokerage/commission rates payable, the following charges are incurred when trading in the Singapore market:
- Clearing Fee of 0.04% on contract value, subject to a maximum of S$600;
- SGX Trading Fee of 0.0075% on contract value; and
- GST of 7.0% on each item, i.e. brokerage/commission and fees.
The brokerage rates payable for trades done in foreign markets via KE Trade are listed as follows:
| Country/Exchange | Trading Hours (Singapore Time) | Commission Rates | Settlement Period |
|---|---|---|---|
| Malaysia/Bursa Malaysia | 0900-1230 hrs 1430-1700 hrs | 0.50%, min RM80 | T + 3 |
| Hong Kong/SEHK | 0930-1200 hrs 1330-1600 hrs | 0.40%, min HK $100 | T + 2 |
| US/NASDAQ and NYSE | 2130 - 0400 hrs 2230 - 0500 hrs (Subject to Daylight Savings Time) | 0.35%, min US$25 | T + 3 |
**Above brokerage/commission rates do not include any clearing fees, stamp duties or foreign fees payable that are chargeable on each trade.
For brokerage/commission rates on offline trades for foreign markets, please consult your trading representative.
Besides brokerage charges, there are several fees associated with stocks and margin trading.
With effect from January 2007, a monthly fee equivalent to 1% p.a. or S$7.50, whichever is higher, will be levied on interest bearing trust balance.
A monthly custody fee of S$2 per counter (subject to a maximum custody fee of S$150 per quarter) will be levied on all foreign counters held in your account at the end of every month.
A quarterly invoice will be sent to inform you of the custody fees billed.
Exemption
We will automatically waive the monthly custody fee charges if you have at least two transactions per month. If there are six (6) transactions for the quarter, the total fee for that quarter will be waived. The waiver is regardless of trade size, or whether the trades are local or foreign shares. We will also automatically waive the monthly custody fee charge levied on a foreign counter if the foreign counter is suspended from trading at the point when we compute the charges.
* Terms and Condition Applies
