Maybank Kim Eng

 

Singapore-based Kim Eng has been in business for around four decades and you’ll come across clients who’ve been with it almost from the beginning. The firm has a reputation for excellent service at reasonable rates and is clearly good at establishing personal relationships with its customers.

I’ve certainly been impressed when I’ve had any contact with them. The downside is that the service is looking a little limited these days: while it was a pioneer in linking up Asian markets, others now offer more in terms of countries covered and what can be done online.

Hopefully, its recent takeover by Malaysian banking group Maybank will give it the investment and strategic partner to expand. Until then, international investors wanting to cover as much of Asia as possible might be better off with OCBC Securities and Phillip Securities in Singapore or Boom Securities in Hong Kong.

Markets available
Online tradingHong Kong, Malaysia, Singapore, USA
Telephone tradingIndonesia, Japan - Tokyo, Philippines, Taiwan, Thailand
Dealing commissions and charges
Typical onlinemin ~S$15-35
Online detailsHong Kong up to 0.25% (min HK$100), Malaysia up to 0.5% (min MYR60), Singapore up to 0.275% (min S$25), USA 0.3% (min US$20)
Typical telephonemin ~S$40-unknown
Telephone detailsSingapore up to 0.5% (min S$40), for others consult broker
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksNon-Singapore shares custody charges: S$2 per holding per month, if fewer than two trades in month or six trades in quarter (max S$150 per quarter)
Dividend chargesNot stated
Corporate action chargesNot stated
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedHKD, MYR, SGD, USD
Other details
Tax-advantaged accountsCPF, SRS
Other products and servicesCFDs, FX
Minimum account sizeNone
Company locationSingapore
Further informationVisit the Maybank Kim Eng website

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 Posted by at 1:45 pm