Leveraged trading in Forex contracts is the simultaneous buying and selling of currency pairs on margin, where only a percentage of the contract size (the margin) needs to be funded by the trader when he opens the position.
No Dealing Desk
Our platform follows a “no dealing desk” (non-market making) model. We do not take positions against clients’ trades.
- No trading conflict of interest between broker and trader
- No re-quotes; no dealer intervention
- Anonymous order execution (price providers cannot see your stops, limits, or entry orders)
Set Stops in Price
Trade in a more disciplined way by attaching stops and limits in terms of price.
Comprehensive Charting and Technical Analysis
Our robust charting package comes with tick volume data and tools such as Fibonacci lines, along with popular pre-loaded indicators.
Trade Long and Short from One Account
Using a single account, you can go long - by buying low and selling higher - when you expect upward price movements, or sell short - by selling high and buying back lower - to take advantage of downward price movements.
In 2012, the Monetary Authority of Singapore (MAS) introduced guidelines for broking firms to provide safeguards to retail investors who wish to trade certain investment products. These products have complex features and risks that can be difficult to understand. Under these guidelines, both existing and new clients are required to be formally assessed by their broking firm for relevant knowledge and experience in trading Leveraged Foreign Exchange (LFX).
Learn more about LFX Trading on the ABS-SAS Online E-Learning Portal here.
If you wish to qualify for LFX Trading, please visit any of our Customer Service Centres or Investor Centres to complete the Client Proficiency Assessment (CPA) Form. Alternatively, you may download the form here and mail it to:
Maybank Kim Eng Securities Pte Ltd
Client Services Department
9 Temasek Boulevard
#12-00 Suntec Tower Two
Forex trading involves the risk of loss and is not suitable for many members of the public. Before deciding to trade foreign exchange, you should carefully consider your financial situation and consult your independent financial adviser on the suitability of Forex for you.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss on some or all of your initial investments and therefore you should not invest money that you cannot afford to lose. You should be aware of and take note of all the risks associated with Forex trading, and you should seek advice from a qualified professional, such as an independent financial adviser, if you have any doubts.
Losses May Exceed Initial Deposit
Forex trades are leveraged transactions. An investor must deposit collateral, or "margin", with Maybank Kim Eng in order to transact. The high degree of leverage that is often obtainable in margin trading can work against the investor as well as for the investor due to fluctuating market conditions. The investor may sustain large losses as well as gains in response to a small market movement; while the initial margin required to enter into a transaction may be small relative to the value of the transaction, a relatively small market movement would have a proportionately larger impact. Hence, the investor may sustain losses in excess of any cash and any other assets deposited as collateral with Maybank Kim Eng. The investor may be called upon at short notice to make additional substantial margin deposits or interest payments. In certain instances, the investor's position may be liquidated without his or her consent or notice.
No Guarantee that Loss will be Limited
Under certain trading conditions, it may be difficult or impossible to liquidate a position due to a lack of liquidity. For example, this may occur if the price of a currency pair rises or falls rapidly after major news or when the market reopens after a weekend. A "stop loss" order therefore cannot guarantee that your loss will be limited.