Maybank forex counter rates
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If you do not have a deposit account, this application will provide you with one. Forex trading provides you with an additional asset class in your portfolio in addition to equities and fixed income instruments. Ability to buy or sell a currency using one trading platform Forex allows both buying long or selling short of a currency without any trading restrictions.
Unlike equity markets, there are no bull or bear markets because if one currency weakens or strengthens, the other currency will move in the opposite direction. Forex markets have much higher trade volumes compared to other asset classes. Leverage up to 50 times Forex trading allows you to leverage up to 50 times. The forex market is a hour market and opens five days a week. Customers can trade forex as long as any financial market in the world is open. Specified Investment Products SIPs The Monetary Authority of Singapore has introduced new requirements for broking firms to formally assess their retail customer's investment knowledge and experience before selling certain investment products to the customer.
These stronger measures and enhanced requirements have been imposed by MAS to further safeguard customers' interests. Under the new measures, brokers must conduct a Customer Knowledge Assessment to assess whether a customer has the relevant knowledge or experience to understand the risks and features of Leveraged Foreign Exchange LFX.
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.
Foreign exchange services including over-the-counter transactions, spot contracts An FEC can be either at a premium i. Search our archive for Forex, Deposits, Derivatives, Financing, and Mudharabah rates for the last days. Enter the date using the format dd-mm-yy , e. Foreign Exchange Rates. The rates are for your reference only. Foreign Exchange. The booking of special rate via ARTS is to enable clients to achieve the following. Check out the foreign currency exchange rate offered by Maybank.
Below are the major currencies available for exchange at Maybank. Foreign exchange services including over-the-counter transactions, spot contracts and forward exchange contracts. Rates at are the best rates quoted for selected currencies by selected. Withdrawal Remittance.
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