Kenanga Trading

Introduction

Kenanga Investment Bank Berhad, a leading financial services company in Malaysia, has a history dating back to 1973 and is known for its innovative approach to digital financial services. They have introduced groundbreaking products like Rakuten Trade, a fully online digital stockbroking platform, and Kenanga Digital Investing, an AI-powered robo-advisor. They also launched Kenanga Money, Malaysia's first securities broking e-wallet, and ventured into AI-led Quan and algorithmic trading, supply chain financing for SMEs, and digital assets through Tokenize Technology. The company has received numerous awards, reflecting its strong market position and excellence in various categories. They are committed to collaboration, innovation, digitalization, and sustainability.

Regulations

Kenanga Investment Bank Berhad operates under the regulatory oversight of the Securities Commission Malaysia (SC). The Securities Commission Malaysia is the regulatory authority responsible for overseeing and regulating the securities and capital markets in Malaysia.

Trading Instruments

Kenanga Investment Bank offers a comprehensive range of financial services, including equity broking with access to over 15 global equity markets such as AMEX, ASE, and KLSE. In addition, they provide services related to warrants, corporate investment banking encompassing both debt and equity capital, Shariah-compliant financial products, short and long-term deposit options, foreign exchange services, retirement solutions, and equity offerings for Initial Public Offerings (IPOs), among others.

Trading Conditions

Kentrade

KenTrade, offers the latest stock market reviews and versatile stock trading via Bursa Malaysia and foreign stock markets; all in one easy-to-use and secure accout

Equity:

KenTrade

Deposited Method /Min Deposit

No indication on website

Trading Platform

For online trades are no higher than 0.60% and 0.30% for contracts below and above RM100,000.00 respectively, subject to a minimum of RM40.00.

Stamp Duty

-RM1.50 for every RM1,000.00 or fractional part of RM1,000.00 of the value of any shares or stock, subject to a maximum of RM1,000.00 per contract.

-RM1.00 for every RM1,000.00 or fractional part of RM1,000.00 of the value of any marketable securities, subject to a maximum of RM200.00 per contract.

Clearing Fees

Future:

Min Deposit RM 3000

Opening account fee RM 10

KDF TradeActive

The platform is enhanced to access not only Bursa Malaysia Derivatives (BMD) listed products but also Chicago Mercantile Exchange (CME) and Hong Kong Exchanges and Clearing Limited (HKEX) products. With KDF TradeActiveᵀᴹ, you can access BMD, CME and HKEX listed products, monitor prices with real-time market data, analyse market trend with technical indicators

Rakuten

Open a trading account completely online and be approved within 1 hour*. Take up to 20min to fill up a mobile friendly account opening form, Pay the same low brokerage rates from RM7 to RM100 (based on trading value) for both Malaysia and US trades

*Please note that this information may be subject to updates. For the latest details, check the Kenanga's website.

0.03% of transaction value (payable by both buyer and seller) subject to a maximum of RM1000.00 per contract.

Sales & Services Tax “SST"

SST of 6% is applicable on the brokerages and clearing fees charged.