Share CFDs
|
Country |
Commission Rate |
Financing Charge |
Monthly Charge for Live Price Feed* |
|
Singapore |
0.25% (Min. SGD15) |
Long Short |
FREE |
|
Hong Kong |
0.33% (Min. HKD100) |
HKD120 |
|
|
United States |
0.22% (Min. USD15) |
USD5 |
|
|
United Kingdom |
0.35% (Min. GBP15) |
GBP5 |
|
|
Australia |
0.23% (Min. AUD15) |
AUD37.50 |
|
|
Japan+ |
0.25% (Min. JPY2,500) |
NA |
|
|
China 'A' Shares |
0.25% (Min. HKD100) |
NA |
|
|
Malaysia |
0.40% (Min. USD20) |
Long Short |
SGD5 |
|
Indonesia |
0.30% (Min. USD30) |
Long Short |
USD2.50 |
+ Japan CFDs are only available on a per-request basis.
* All price feed charges will be deducted from the CFD account.
Important note:
- Commission is the same for online and offline trades.
- All charges will be automatically deducted from your CFD account the following business day.
Commission Charges
There will not be a 7% GST on all commission for for both online and offline trades.
Financing Charges
A financing fee is charged daily on any CFD positions held overnight. The financing rate is currently base rate +/- 3.5 % (+ for long and - for short)
The Maybank Securities Base Rate is the interest rate set by the underlying Interbank Rate for the currency of the relevant shares. It varies from market to market and is subject to change at the sole discretion of Maybank Securities. The base rate amount is debited from or credited to (if shorting) your CFD account on a daily basis.
Financing charges are computed based on the end-of-day mark-to-market value of your CFD portfolio, and are charged on 100% of the mark-to-market value. There are no financing charges if the position is closed within the same day.
Price Feed Fees
Live price feeds are payable for all markets except Singapore, or unless specified.
Live or delayed market price feeds are required for online trading access, and delayed price feeds will be provided for the other markets. If market data is not available, only offline trades (trades placed through a Trading Representative) will be allowed.
There is no fee needed to maintain or close your CFD account. No interest is earned on dormant funds. Maybank Securities does not impose a 30-day expiry date on all CFD contracts. Hence, there are no rollover costs.
Share CFDs
|
Country |
Exchanges |
Settlement Currency |
|
Singapore |
SGX |
SGD or USD (For USD-denominated stock) |
|
Hong Kong |
HKEx |
HKD |
|
United States |
NYSE, NASDAQ & AME |
USD |
|
Malaysia |
BURSA |
USD |
|
Indonesia |
IDX |
USD |
|
Australia |
ASX |
AUD |
|
United Kingdom |
LSE |
GBP |
|
Japan |
TSE |
JPY |
All profits and losses arising from trades in foreign markets are held in your account in the respective settlement currencies. They are not automatically converted to your preferred base currency, although the equivalent of which will be shown on your platform. To check how much of each currency is held in your account, please refer to your statements. You can choose to convert your currency at any time when the Forex rate is in your favour by informing your Trading Representative.
There are 2 charges on every CFD trade: commission and financing interest if you hold a position overnight. These charges are deducted automatically from your account the day after you have made a trade. See our brokerage rates and charges under the "What Are The Charges?" section below.
Example:
You deposited SGD3,000 into your account. You use SGD2,000 to open a SGD20,000 position (stock margined at 10%),
Day 1:
GLV: SGD3,000
IM: SGD2,000
FE: SGD1,000
The trading day closes and the price remains the same, meaning no profit or loss. Charges will be deducted the next day. If the commission and financing cost SGD100, it will be reflected as follows in your account the next day:
Day 2:
GLV: SGD2,900
IM: SGD2,000
FE: SGD900
There are no charges if there are no trades. There is also no maintenance fee.