You have the choice to trade electronically via our Maybank Forex trading platform or to call the Execution Trading Desk at (65) FOREX Demo Account. Trading with a demo account is an excellent way to practise your trading skills and strategies without risking any money. Start trading with Maybank Securities Maybank Forex allows you to trade without incurring commission or brokerage charges. You will not be charged Goods and Services Tax (GST) Step 1: Login to Maybank Trade. Step 2: Click on the Personal Configuration icon. Step 3: Click on the 2FA tab. Step 4: Click on the "Register" button and you will be directed to Assurity's (i) Maybank Investment Bank Branch. To open a trading account with Maybank Investment Bank, please fill in the required form and submit it together with the required documents to the ... read more
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. 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: your password should be known only to yourself and should not be shared or disclosed to others.
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. We will send the new password to you by mail only upon successful verification of your signature. Deposit and Withdrawal Funding your Account How do I deposit funds into my Maybank Forex account?
There is a variety of ways to fund your Forex trading account. Cheque Cheques should be crossed and made payable to "Maybank Securities Pte Ltd". Please indicate your leveraged FX trading account number E. 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. 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. Telegraphic Transfer TT Please indicate your leveraged FX trading account number E. The details for telegraphic transfer are as follows. Maybank Securities Bank Details for Telegraphic Transfer: SGD Beneficiary Bank : The HongKong and Shanghai Banking Corporation Limited, Singapore Beneficiary Name : Maybank Securities Pte.
Account number : Swift Code : HSBCSGSG Remarks : Please indicate your leveraged FX trading account number. USD Corresponding Bank : Standard Chartered Bank, New York CHIPS UID : ABA Swift Code : SCBLUS33 Beneficiary Bank : Standard Chartered Bank Singapore Limited Swift Code : SCBLSG22 Beneficiary Name : Maybank Securities Pte.
Account No : Remarks : Please indicate your leveraged FX trading account number. HKD Beneficiary Bank : Malayan Banking Berhad HK Branch Beneficiary Name : Maybank Securities Pte. Account No : Swift Code : MBBEHKHH Remarks : Please indicate your leveraged FX trading account number. AUD Corresponding Bank : Citibank Ltd, Sydney Swift Code : CITIAU2X Account No : Beneficiary Bank : Citibank N. MYR Beneficiary Bank : Malayan Banking Berhad, Kuala Lumpur Main Branch Beneficiary Name : Maybank Securities Pte.
Account No : Swift Code : MBBEMYKL Remarks : Please indicate your leveraged FX trading account number. GBP Corresponding Bank : HSBC Bank PLC UK Swift Code : MIDLGB22 Sort Code : SC Beneficiary Bank : HSBC Singapore Swift Code : HSBCSGSG Beneficiary Name : Maybank Securities Pte.
EUR Corresponding Bank : HSBC France Swift Code : CCFRFRPP Beneficiary Bank : The Hongkong and Shanghai Banking Corporation Limited, Singapore Swift Code : HSBCSGSG Beneficiary Name : Maybank Securities Pte. Account No : Remarks : Please indicate client code. Withdrawal How do I withdraw funds from my Maybank Forex Account? Funds withdrawal request can be done via email. com using the email you have registered with us officially during account opening.
Withdrawal request received by Maybank 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. Trading 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. 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. Product What is Leveraged Forex trading? Leveraged Forex is used for trading on market movements by comparing the strength of a currency relative to another.
This involves the simultaneous buying and selling of a pair of currencies on margin. 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. How does one trade on a currency pair? Scenario 1: 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. Our market hours are as follows: 5. 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 Maybank Forex and their respective margins offered? Maybank Forex offers 46 currencies pairs for trading, and margin required is dependent on each currency pair.
What is the spread quoted by Maybank Forex? Spreads are subject to variation, especially in volatile market conditions. The core of our business is to be the partner of choice in our clients' investment journey and provide them with the best in class service and trading experience. Enquire Now. Margin Financing Account Application for Individuals. i Maybank Investment Bank Branch To open a trading account with Maybank Investment Bank, please fill in the required form and submit it together with the required documents to the nearest Maybank Investment Bank branch.
Margin Financing Account Application for Corporates. ii Maybank Equities Investment Centre To open a trading account with a Maybank Equities Investment Centre, please fill in the required forms and submit them together with the required documents to the nearest Maybank Equities Investment Centre. Application To Increase Margin Financing Limit. i Maybank Investment Bank Branch To apply for an increase in Margin Financing limit at a Maybank Investment Bank branch, please fill in the required form and submit it together with the required documents at the nearest Maybank Investment Bank branch.
Next steps. You might also be interested in. Thank you for your time. We have received your enquiry and will contact you within 2 working days.
We're here to help you, contact us with your enquiry and we'll get back to you soon. Trading Tools Home. Help Centre. Trading Tools. Trading Tools Maybank Trade. Maybank Trade Setting Up Account Settlement Features General Brokerage and Other Fees Technical Support Security User Guides Maybank Trade Mobile Maybank CFD Maybank Forex Back. Setting Up Account Settlement Features General Brokerage and Other Fees Technical Support Security User Guides.
Setting Up What are the recommended browsers and versions for Maybank Trade Online? Browser Recommended Version Internet Explorer IE8. Account Account Opening How do I open a Maybank Trade account? You may apply for an account online, by mail or in person at any of our Customer Service Centres. Click here for more information. What are the opening hours for your Customer Service Centres? Our Customer Service Centres are open Monday to Friday except on public holidays , from 9am to 6pm.
How long will it take to open a Maybank Trade account? New clients It will take approximately working days to open a Maybank Trade account, upon receipt of your completed forms and verification of your signature. Existing clients It will take approximately working days to open a Maybank Trade account, upon receipt of your completed forms and verification of your signature.
Will I be receiving two sets of User IDs and passwords for my Maybank Trade Internet account and Margin account? You will be given only one User ID and password when you apply for Maybank Trade Cash and Margin accounts. You will be able to use your User ID and password to operate both your Internet Cash and Margin accounts. There are generally no charges or deposits required to open a Maybank Trade account.
Are there any other accounts or forms that I must open or submit before trading markets available via Maybank Trade? For trading on Bursa Malaysia formerly KLSE , you are required to open a nominee CDS account with our Malaysian counterparty broker for online trading. A payment of SGD5. Please note that Form W-8BEN will remain in effect starting from the date which the form is signed and submitted to the last day of the third subsequent calendar year.
Is it possible to open a joint account with a person under 18 years of age? A joint account can only be opened with a person aged 18 years and older. Trading Limit What is the trading limit for Maybank Trade and who should I call to increase my limit? A global trading limit for trades done through your Trading Representative and Maybank Trade is set based on information furnished in your account opening form.
The daily trading limit on Maybank 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 Maybank Trade Online and Mobile. You may however, continue to trade through your Trading Representative if your total outstanding transactions do not exceed the global trading limit. On the next market day, you may resume trading on Maybank Trade Online and Mobile at the same daily limit, assuming 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 into Maybank 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 details.
Maybank Trade Prefunded Account What is a Maybank Trade Prefunded Account? It is a collateralised trading account where the trading limit is equivalent to the amount of funds deposited into the account. It lets you enjoy lower online brokerage rates for SGX and other markets. Will my Maybank Trade Prefunded trading account be linked to my existing Maybank Trade User ID and Password? If you have an existing Maybank Trade User ID and Password, you may log in and trade with your Maybank Trade Prefunded Trading Account using the same User ID and Password.
Where are the shares kept for Maybank Trade Prefunded Accounts? The shares are kept in a custody account under Maybank Securities and can only be sold via Maybank Securities. All corporate actions entitlement dividends, rights etc will also be managed by Maybank Securities. Can I sell my share holdings in my Central Depositary Global Securities Account CDP GSA using the Maybank Trade Prefunded Account?
The shares must be transferred from CDP GSA to your Maybank Trade Prefunded Account first before selling. Share transfer fees may be found here. Settlement Payment, Funds Deposit When must I pay for the shares that I have bought? Payment for all trades must be made by the due date, i. Please make your cheques payable to: Maybank Securities Pte Ltd. date when the trade was done.
When must I pay for the foreign shares that I have bought in foreign markets? Payment for all trades must be made by the due date and payment must reach Maybank Securities Pte Ltd's cashier by 6pm on due date at the latest. For Electronic Payment for Shares EPS payments for foreign trades that are settled in SGD, it must be initiated 1 market day before the due date at the latest.
Where there is a failure to make payment on the due date as specified, the outstanding purchases will be force-sold by us on the next market day. When will I receive my payment when I sell my shares? All sales proceeds will be paid to you 1 market day after the due date.
When will I receive my payment when I sell my foreign shares? Settlement for both buy and sell trades of counters done through Maybank Trade is the same as normal trades done through Trading Representatives. However, the due date of foreign trades will depend on the settlement period as stipulated by the respective markets.
To whom do I make payments and cheque payable to? We only accept cheque payment for foreign currency. What currency do I settle in if I buy non-SGD denominated stocks from SGX? An option of settlement currency is available for your selection. By default, settlement of non-Singapore currency denominated stocks will be in the traded currency, i. if the stock is quoted in USD, settlement will be in USD.
However, if you wish to settle in SGD after the trade is done, please contact your Trading Representative to book an exchange rate for conversion and settlement in SGD. What are the modes of payment to settle my trades for local and foreign markets? Electronic Payment for Shares EPS With EPS, you can pay via ATMs or Internet Banking. All sale proceeds will be directly credited into your bank account. Please note that funds transferred before 8pm will be credited into your account on the next working day.
To apply for this service, you may download the following application form. Alternatively, you may visit our Customer Service Centres. Internet Banking You can pay via Internet Banking through the following banks: Maybank Singapore DBS DBS Bank HSBC Hong Kong and Shanghai Banking Corporation OCBC Bank Overseas-Chinese Banking Corporation SCB Standard Chartered Bank UOB United Overseas Bank Payment via Maybank Singapore Internet Banking Before making a payment using Maybank Internet Banking, you will need to set up "Maybank Securities Pte Ltd" as a new Payee Account for Share Payment: i Select the 'Payment' tab, followed by 'Share Payment' ii Under 'Share Payment', set up the new Payee Account by selecting 'Update Payee Account List' Please ensure that you include your 7-digit trading account number e.
After the Payee Account is set up successfully, you can proceed to make a payment in a lump sum or according to your contract amount. This has eight characters, beginning with the code of your Trading Representative e. AZ , followed by your six 6 -digit Margin account number e. Please note that funds transferred before 8 pm will reach Maybank Securities the next working day. Internal funds transfer You may request for funds to be transferred between trading accounts.
Please contact your Trading Representative for more information. Multi-Currency e-Pay Enhance your online trading advantage with Maybank Trade's new payment service - Multi-Currency e-Pay, the first-of-its-kind in Singapore Enjoy the convenience of trading and paying for SGD, HKD and USD denominated stocks through a single platform - Maybank Trade Online.
Eliminate the need for foreign currency conversion when you link Maybank Trade to a Maybank account that holds the same currency your stock is denominated in. Furthermore, get speedier payouts with no hidden costs or service charges to maximize your potential yield and make the most of trading opportunities. Additionally, sales proceeds will be credited to your designated Maybank accounts right on due date, which translates to quicker access to funds.
This allows you to tap directly on the account when you pay and hereby eliminates the need for foreign currency conversion which may impact your yield. No Hidden Costs or Service Charges Unlike other modes of foreign currency payment like Telegraphic Transfers TT or foreign currency cheque issuances where a service charge is typically imposed, there are no service charges imposed when you make payment via Multi-Currency e-Pay. Preferential Interest Rates Enjoy preferential interest rates and fee waivers for your Maybank SGD, HKD and USD banking accounts.
Click here for more details. Option to Set a Backup Account Multi-Currency e-Pay allows you to set a secondary account as a backup to your primary account for the deduction of share payments, should your primary account have insufficient funds.
This will thus prevent the force selling of shares due to non-payment. Click here to sign up for Multi-Currency e-Pay now. Cash Only accepted till 31 Jan For cash payments, please visit any of our Customer Service Centres. Telegraphic Transfer TT Please state your trading account number and name on your TT form.
Hong Kong Dollar HKD Bank Name : Malayan Banking Berhad HK Branch Swift Code : MBBEHKHH Account Name : Maybank Securities Pte Ltd Account Number : Australian Dollar AUD Corresponding Bank : Citibank Ltd, Sydney Swift Code : CITIAU2X Account No : Beneficiary Bank : Citibank N.
Account Number : Remarks : Please indicate client code. Great British Pounds GBP Corresponding Bank : HSBC Bank PLC UK Swift Code : MIDLGB22 Sort Code : SC Beneficiary Bank : HSBC Singapore Swift Code : HSBCSGSG Beneficiary : Maybank Securities Pte Ltd Account No : It is the most convenient way to settle your trades. With Giro, the payment will be directly debited from or credited to your designated bank account when you trade and settle your trades in Singapore dollars.
Alternatively, you may visit any of our Customer Service Centres.
To change your User ID, complete the following steps: Select "Personal Configuration" (at the right hand side of the screen) after you have logged into our website. Select "Change User Maybank Forex allows you to trade without incurring commission or brokerage charges. You will not be charged Goods and Services Tax (GST) Early Account Closure (within 6 months) US$20 early account closure fee (if the account is closed within 6 months of opening) Cheque Usage. Free (only USD Cheque book is available) FOREX Demo Account. Trading with a demo account is an excellent way to practise your trading skills and strategies without risking any money. Start trading with Maybank Securities Step 1: Login to Maybank Trade. Step 2: Click on the Personal Configuration icon. Step 3: Click on the 2FA tab. Step 4: Click on the "Register" button and you will be directed to Assurity's Step 1: Visit any of our Customer Service Centres with the required supporting documents to sign up for a Maybank Trade account Step 2: Sign up for a Maybank account and link it to your ... read more
Alternatively, you may register for the OneKey directly from Assurity. After the Payee Account is set up successfully, you can proceed to make a payment in a lump sum or according to your contract amount. What are the risks associated with Stop Orders? Help Centre Accounts. Individual Account Holders Joint, Corporate, Foreigners Account Holders The first OneKey device is issued free to all Singapore Citizens and Permanent Residents. When will I be able to access my contract notes e-Statement?When do I need to use the One-Time Password OTP? Nationality Supporting Document s Required Singaporean i Singapore pink Identification card IC ; or ii Singapore Armed Forces "SAF" Identification card; or iii Singapore Police Force Identification card and passport Malaysian i Valid Passport; or ii Malaysian Identification card Permanent Resident of Singapore i Singapore blue Identification card; or maybank forex trading account Singapore Armed Forces "SAF" Identification card and passport; or iii Singapore Police Force Identification card and passport Other Nationalities i Valid Passport; AND ii Bank statement or utilities bill reflecting your name and residential address, maybank forex trading account. This will thus prevent the force selling of shares due to non-payment. Account Application Forms. Kindly notify us immediately by calling Customer Services at 65 for assistance. Example An FAK Market buy order for 20 lots was placed and the market has an offer quantity of 10 lots.