Name: Maybank Securities
Brand: Maybank
Price: 10 SGD
Availability: InStock
Rating: 3.7 (1 reviews)

Overview

Maybank Securities is a MAS-regulated Capital Markets Services Licensee (Reg: 197201256N) and Singapore's oldest stockbroker, founded in 1972. The firm gives access to 28+ exchanges globally through its Maybank Trade platform, with 8 markets available online and 20+ more via trading representatives. Multi-market traders benefit from award-winning research covering 11 Asian markets plus 7-day interest-free credit on SGD-settled trades. Part of Maybank Group, one of Southeast Asia's largest banking groups, the company also runs CFD, forex, and margin financing operations.

Pros

↑28+ exchanges globally with 8 online and 20+ via trading representatives
↑Award-winning research team covering 11 markets across Asia and the US
↑7-day interest-free credit on SGD trades, plus margin rates from 4.8% p.a.

Cons

↓SGX online minimum commission of S$25 is much higher than fintech brokers charging S$1
↓US stocks at 0.30% online (min US$20) costs significantly more than competitors at 0.03%
↓No fractional shares, no regular savings plan, and no commission-free trading options

Key Highlights

Welcome Offer
3 free trades for new accounts
New account holders receive 3 commission-free trades
Applies to any market traded online
Valued at up to S$75 in commission savings
Terms and conditions apply upon account opening

Trading Costs
SGX: 0.275% online (min S$25)
Margin account SGX online brokerage:
Up to S$50k: 0.275% (min S$25)
S$50k to S$100k: 0.22%
Above S$100k: 0.18%
Offline: 0.50% / 0.40% / 0.25% (min S$40)
Foreign markets online:
US: 0.30% (min US$20)
HK: 0.25% tiered (min HK$100)
MY: 0.50% tiered (min RM60)
Thailand: 0.40% (min THB400)
Plus clearing fee 0.0325% and 9% GST on SG trades

Assets & Markets
28+ exchanges (8 online, 20+ offline)
Online: SGX, NYSE, NASDAQ, NYSE Arca, HKEX, Stock Connect (Shanghai + Shenzhen), Bursa Malaysia, SET, LSE
Offline via Trading Reps: Australia, Japan, Korea, Indonesia, Taiwan, Vietnam, Philippines, NZ, Canada, plus 14 European markets (UK, Germany, France, Italy, etc.)
Products: stocks, ETFs, REITs, warrants, DLCs, SPACs

Why Choose?
7-day interest-free credit on SGD trades
Margin clients get 7-day interest-free settlement on SGD-denominated trades
Provides extra working capital flexibility
Available on Singapore market trades
After 7 days, standard margin rates apply (from 4.8% p.a.)
Grade-based interest rate scheme for quality securities
Margin leverage up to 3.5x

Regulation & Safety
MAS regulated since 1972
Capital Markets Services Licensee and Exempt Financial Adviser
Company Registration: 197201256N
Founded 1972, first stockbroker listed on SGX (1990)
Part of Maybank Group, one of SE Asia's largest banking groups
Licensed for: securities dealing, derivatives, FX, fund management, custodial services, corporate finance
CEO: Aditya Laroia
Client funds segregated and protected

Account Minimum
S$0 minimum deposit
No minimum deposit to open account
No account maintenance fees
No inactivity fees
CDP sub-account maintenance fee: waived
Multi-Currency e-Pay with no service charges
Demo account available for practice
Helpdesk: +65 6231 5888

Key Benefits

Trading Costs

★2.8

▼

SGX online: 0.275% tiered (min S$25) for margin accounts
US online: 0.30% (min US$20)
HK online: 0.25% tiered (min HK$100)
Clearing fee 0.0325% + SGX trading fee 0.0075% + 9% GST
7-day interest-free credit on SGD trades helps offset costs
Rates negotiable subject to published minimums

Platform And Tools

★3.4

▼

Maybank Trade web platform with DMA execution model
Customisable watchlists (10 lists, 50 counters each)
Batch order submission for up to 5 SGX orders
Real-time streaming for SGX, delayed for other markets
Basic charting with RSI, Moving Averages, MACD
Interface is functional but dated compared to fintech apps

Research And Analysis

★4.2

▼

Award-winning Maybank research team
Covers 11 markets: SG, HK, MY, PH, TH, ID, KR, VN, IN, US, TW
Detailed company reports with target prices
Market insights and trading ideas
Institutional-grade analysis available to retail clients
Best Retail Broker by Alpha Southeast Asia (2021)

Mobile Trading

★3.2

▼

Maybank Trade SG app for iOS and Android
Fingerprint and Touch ID authentication
Full trading capabilities across markets
Portfolio management and P&L tracking
Push notifications for price alerts
Mixed user reviews; interface less polished than competitors

Account Features

★3.8

▼

7-day interest-free credit on SGD-denominated trades
Margin financing up to 3.5x with flat or grade-based interest
Multi-Currency e-Pay at no charge
CFD trading on 9 markets with DMA
Forex: 45+ pairs with leverage up to 1:25
Securities borrowing and lending through CDP

Security And Trust

★4.5

▼

MAS CMS Licensee and Exempt Financial Adviser since 1972
First stockbroker listed on SGX (1990)
Part of Maybank Group, one of SE Asia's largest banking groups
Client funds segregated and protected
Licensed for 6 regulated activities
Over 50 years operating in Singapore

Customer Support

★3.6

▼

Helpdesk: +65 6231 5888 during business hours
Email support available
Experienced trading representatives for offline markets
Office: 50 North Canal Road #03-01, S(059304)
English and Chinese language support
No live chat; limited weekend availability

Educational Resources

★3.3

▼

Demo account with virtual funds for practice
Market insights from research team
Basic trading guides on website
Research reports double as educational content
No structured course programme or webinar series
Focus on market analysis rather than investor education

Available Tools

Trading Tools

▼

Paper Trading	✓
Margin Trading	✓
Zero Commission	×
Fractional Shares	×
After Hours Trading	×

Advanced Tools

▼

Api Access	×
Basket Trading	✓
Options Strategies	×
Smart Order Routing	×
Backtesting Capabilities	×

Detailed Information

Commission Tiers	SGX margin account (online): Up to S$50k: 0.275% (min S$25) S$50k to S$100k: 0.22% Above S$100k: 0.18% SGX margin account (offline via Trading Rep): Up to S$50k: 0.50% (min S$40) S$50k to S$100k: 0.40% Above S$100k: 0.25% All rates negotiable subject to published minimums
Trading Fees	Online foreign markets: US: 0.30% (min US$20) HK: up to HK$250k at 0.25%, above at 0.20% (min HK$100) Shanghai/Shenzhen Connect: 0.25% (min RMB80) MY: up to RM100k at 0.50%, RM100k-RM200k at 0.40%, above at 0.30% (min RM60) Thailand: 0.40% (min THB400) Offline additional markets: Australia: 0.40% (min AUD50) Japan: 0.50% (min JPY3,000) Korea: 0.75% (min KRW40,000) UK: 0.50% (min GBP30) Canada: 0.50% (min CAD100) European markets: 0.50% (min EUR35)
Stock Etf Commission	SGX online: 0.275% tiered (min S$25) US online: 0.30% (min US$20) HK online: 0.25% tiered (min HK$100)
Financing Rates	Margin facility: Leverage up to 3.5x Interest from 4.8% p.a. (grade-based scheme for quality securities) Flat or grade-based rate options 7-day interest-free credit on SGD trades Margin call below 140% ratio (5 market days to restore) Interest calculated on daily rest basis
Margin Interest Rate	From 4.8% p.a. depending on grade-based scheme; contact trading representative for current rates
Overnight Fees	CFD financing: base rate + 3.5% for long, base rate - 3.5% for short (SG uses 1M SIBOR, US uses 3M OBFR)
Non Trading Fees	SGX clearing fee: 0.0325% per contract SGX trading fee: 0.0075% per contract GST: 9% on commission, clearing fee, and trading fee CDP sub-account maintenance: waived Foreign custody fee: S$2/counter/month (max S$150/quarter; waived with 2 trades/month or 6/quarter) Cash dividend handling: waived Multi-Currency e-Pay: no service charges
Deposit Fee	S$0 via Multi-Currency e-Pay
Withdrawal Fee	S$0 via Multi-Currency e-Pay; TT charges may apply for foreign currency
Inactivity Fee	S$0
Currency Conversion Fee	Rates determined at time of order execution or point of payment; competitive FX rates
Data Feed Fees	SGX real-time: free US: delayed 20 min (free), live feed subscription available HK/Shanghai: delayed 15 min (free), live feed subscription available CFD live price: SG free, HK HK$120/month, US US$5/month, UK GBP5/month, AU AUD37.50/month
Order Modification Fee	S$0
Vip Fee Tiers	No formal VIP programme; rates negotiable subject to published minimums

Minimum Spreads	Forex: EUR/USD 1.3, GBP/USD 2.2, USD/JPY 1.6, AUD/USD 1.4 under normal conditions
Maximum Leverage	Margin accounts: up to 3.5x CFD: up to 10x for shares, up to 20x for indices Forex: up to 1:25 (4% margin) UP: cash upfront only
Margin Call Level	Margin: below 140% ratio, 5 market days to restore Forex: 100% of margin used
Stop Out Level	Per MAS regulations and account agreement
Negative Balance Protection	Yes for forex; margin accounts per agreement
Settlement Period	SGX: T+2 (7-day interest-free on SGD for margin clients) US: T+1 HK: T+2 MY: T+2 TH: T+2
Order Execution Quality	Direct Market Access (DMA) model for stocks and CFDs 100% price/volume transparency (no synthetic prices, no re-quotes) All trades go directly to exchange Real-time execution for SGX

Stocks Count	15,000
Etfs Count	2,000
Crypto Count	0
Forex Pairs Count	45
Product Universe Overview	Stocks, ETFs, REITs, DLCs, warrants, SPACs across 28+ exchanges CFDs on 9 markets with DMA model Forex: 45+ currency pairs Margin financing with up to 3.5x leverage Securities borrowing and lending Bonds and fixed income
Geographic Market Coverage	Online (8): SGX, NYSE, NASDAQ, NYSE Arca, HKEX, Shanghai/Shenzhen Connect, Bursa Malaysia, SET, LSE Offline (20+): Australia, Japan, Korea, Indonesia, Taiwan, Vietnam, Philippines, NZ, Canada, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, UK Research: 11 markets (SG, HK, MY, PH, TH, ID, KR, VN, IN, US, TW)
Major Markets Details	SGX: full access with real-time DMA, stocks/ETFs/REITs/DLCs/warrants US: NYSE, NASDAQ, NYSE Arca; SEC fee waiver from May 2025 (via Maybank) HK: HKEX plus Shanghai and Shenzhen Stock Connect Bursa Malaysia: strong regional ASEAN link
Emerging Markets Details	Thailand (SET): 0.40% online (min THB400) Indonesia (IDX): offline only, 0.50% (min IDR150,000) Vietnam: offline only, 1.00% (min US$50) Philippines: offline only, 0.50% (min PHP1,000) Korea: offline only, 0.75% (min KRW40,000) Taiwan: offline only, 0.50% (min TWD1,200)
Base Currencies Supported	SGD, USD, HKD, MYR, THB, RMB, EUR, GBP, AUD, CAD, JPY, NZD, and more via multi-currency trust

Trading Platforms Overview	Maybank Trade: web-based platform with DMA execution Mobile apps: Maybank Trade SG for iOS and Android No downloadable desktop client Demo account available
Desktop Platform	Maybank Trade (web-based): Browser access at maybanktrade.com.sg Direct Market Access execution model Customisable workspace with multiple watchlists Batch order submission for up to 5 SGX orders Portfolio management and P&L tracking Research integration with analyst reports
Mobile App	Maybank Trade SG (iOS and Android): Fingerprint and Touch ID authentication Full trading across all online markets Portfolio management and tracking Push notifications for price alerts Customisable widgets Mixed user reviews (functional but not the most polished)
Web Platform	Maybank Trade at maybanktrade.com.sg: No download required, browser-based English and Chinese language options Secure HTTPS with session timeout Multi-device accessible
Trading Tools And Features	Customisable watchlists (10 lists, 50 counters each) Price alerts via web, SMS, and email Batch order submission (up to 5 SGX orders) Portfolio P&L tracking Market depth for SGX Time and sales data Demo account for practice
Charting And Technical Analysis	Basic charting with candlestick, OHLC, area, and line chart types Technical indicators: RSI, Moving Averages, MACD Historical data access Intraday and historical timeframe views Limited compared to dedicated charting platforms
Risk Management Tools	Stop-loss orders available Good-till-date orders Position monitoring Margin alerts for margin/CFD accounts Portfolio valuation tracking
Order Types Available	Market orders Limit orders Stop orders Good-till-date orders Day orders
Integrations And Api Access	No public API access Maybank banking integration for Multi-Currency e-Pay No third-party platform integrations
Third Party Platforms	None currently available
Api Rate Limits	Not available
Algo Trading Support	Not supported

Customer Support Overview	Phone helpdesk, email support, and experienced trading representatives Singapore office at North Canal Road English and Chinese language support
Phone Support Hours	+65 6231 5888 during business hours (Mon to Fri)
Live Chat Availability	Not available
Email Response Time	Within 1 to 2 business days
Languages Supported	English and Chinese
Local Office Presence	50 North Canal Road, #03-01, Singapore 059304
Account Manager	Trading representatives available for offline markets and larger accounts
Educational Resources Overview	Demo account for practice trading Market insights and trading ideas from research team Basic trading guides Research reports serve as educational content on market trends
Beginner Resources	Demo account available; basic getting started guides on website
Webinars And Tutorials	Limited public offerings; research reports available to account holders
Market Analysis And Research	Award-winning Maybank research team covering 11 markets Company reports with target prices and financial analysis Market insights and regional trading ideas Best Retail Broker by Alpha Southeast Asia (2021)
Demo Account Details	Full demo account with virtual funds for practice trading on Maybank Trade platform
Trading Courses	No formal structured course programme
Tax Reporting Help	Contract notes and account statements available for download US PTP securities: 10% withholding tax for non-US persons (effective Jan 2023) No direct tax advisory services

Regulation Overview	MAS Capital Markets Services Licensee and Exempt Financial Adviser since 1972 First stockbroker listed on SGX (1990) Part of Maybank Group, one of Southeast Asia's largest banking groups SGX Catalist Sponsor Licensed for 6 regulated activities including securities, derivatives, FX, and custodial services
Primary Regulator	Monetary Authority of Singapore (MAS)
License Number	Company Registration: 197201256N MAS CMS Licensee
Investor Protection Scheme	Client funds segregated and held in trust accounts Backed by Maybank Group (one of SE Asia's largest banking groups) Regular MAS compliance audits All trades via Direct Market Access (100% transparency)
Security Features	Fingerprint and Touch ID on mobile app Secure login with session timeout SSL/TLS encryption Transaction verification protocols Multi-Currency e-Pay secure payment channel

Commission Tiers

SGX margin account (online):
Up to S$50k: 0.275% (min S$25)
S$50k to S$100k: 0.22%
Above S$100k: 0.18%
SGX margin account (offline via Trading Rep):
Up to S$50k: 0.50% (min S$40)
S$50k to S$100k: 0.40%
Above S$100k: 0.25%
All rates negotiable subject to published minimums

Trading Fees

Online foreign markets:
US: 0.30% (min US$20)
HK: up to HK$250k at 0.25%, above at 0.20% (min HK$100)
Shanghai/Shenzhen Connect: 0.25% (min RMB80)
MY: up to RM100k at 0.50%, RM100k-RM200k at 0.40%, above at 0.30% (min RM60)
Thailand: 0.40% (min THB400)
Offline additional markets:
Australia: 0.40% (min AUD50)
Japan: 0.50% (min JPY3,000)
Korea: 0.75% (min KRW40,000)
UK: 0.50% (min GBP30)
Canada: 0.50% (min CAD100)
European markets: 0.50% (min EUR35)

Stock Etf Commission

SGX online: 0.275% tiered (min S$25)
US online: 0.30% (min US$20)
HK online: 0.25% tiered (min HK$100)

Financing Rates

Margin facility:
Leverage up to 3.5x
Interest from 4.8% p.a. (grade-based scheme for quality securities)
Flat or grade-based rate options
7-day interest-free credit on SGD trades
Margin call below 140% ratio (5 market days to restore)
Interest calculated on daily rest basis

Margin Interest Rate

From 4.8% p.a. depending on grade-based scheme; contact trading representative for current rates

Overnight Fees

CFD financing: base rate + 3.5% for long, base rate - 3.5% for short (SG uses 1M SIBOR, US uses 3M OBFR)

Non Trading Fees

SGX clearing fee: 0.0325% per contract
SGX trading fee: 0.0075% per contract
GST: 9% on commission, clearing fee, and trading fee
CDP sub-account maintenance: waived
Foreign custody fee: S$2/counter/month (max S$150/quarter; waived with 2 trades/month or 6/quarter)
Cash dividend handling: waived
Multi-Currency e-Pay: no service charges

Deposit Fee

S$0 via Multi-Currency e-Pay

Withdrawal Fee

S$0 via Multi-Currency e-Pay; TT charges may apply for foreign currency

Inactivity Fee

S$0

Currency Conversion Fee

Rates determined at time of order execution or point of payment; competitive FX rates

Data Feed Fees

SGX real-time: free
US: delayed 20 min (free), live feed subscription available
HK/Shanghai: delayed 15 min (free), live feed subscription available
CFD live price: SG free, HK HK$120/month, US US$5/month, UK GBP5/month, AU AUD37.50/month

Order Modification Fee

S$0

Vip Fee Tiers

No formal VIP programme; rates negotiable subject to published minimums

Maybank Securities

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

Related Products

Pros

Cons