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FAQ Q&A

Frequently Asked Questions

Frequently Asked Questions

Account Opening

New Client

Who is eligible to open account with Kenanga Investment Bank Berhad?
Anyone who is above 18 years old with no record of delinquency can open the account.
How do I start trading online?
Step 1: Open Kenanga Trading account
Step 2: Sign up for KenTrade Online Trading
Step 3: Depository
Payee

Kenanga Investment Bank Berhad		 List of Panel Banks (MYR)

CIMB Bank Berhad
Malayan Banking Berhad
Public Bank Berhad
RHB Bank Berhad
 		 Bank Account Number

8000424803
514356-710331
3118579109
21418310322873
 
How to open Kenanga Trading account?
Step 1 Go to KenTrade.com.my and click on Open An Account
Step 2 Click on E- Form and complete E-form online
Step 3 Scan your form and supporting documents to KenTrade@Kenanga.com.my
Step 4 Dealer representative will contact you to assist you on account opening
How to sign up for KenTrade Online Trading account?
Step 1 Go to Open An Account then click on register for online account
Step 2 Read and Agree to “Client Account - Common Terms & Conditions"
Step 3 Select I’m existing client and click register
Step 4 Complete the form and submit (Click Submit)
Step 5 Contact your dealer representative for account activation or email to kentrade@kenanga.com.my
What are the forms required to apply for a Kenanga Trading account?
(1) Individual or (2) Corporate
(3) Share Trading (Products)
Note: Forms(1) & (3) are mandatory for individual application; (2) & (3) mandatory for corporate application

(4) Supplementary Global Trading Forms for trading in US Markets
  ✔ W-8Ben Form
  ✔ W-9 Form
  ✔ Supplemental form for Individual (FATCA)
  ✔ Supplemental form for Non-individual (FATCA)

(5) Electronic Share Payment "ESP" Form

Under "Bursa Forms", download the following:
  ✔ Application for Opening of Account (FMN010)
  ✔ Bursa - eServices Form (FMN060)
  ✔ Bursa - Application for Updating of Account Particulars (FMN020)
What are the documents required to open Kenanga account?
  Individual Application
 
  • Photocopy of NRIC OR
  • Photocopy of Passport (for Foreigner)

  • 1 copy of the following financial supporting documents:
    • Bank Passbook / Bank Statement / Bank Confirmation Letter

  • RM10 CDS opening fee + 6% GST on fee
   Corporate Application
 
  • Bank Statement / Bank Confirmation Letter
  • Form 8 or Form 9 – Certificate of Incorporation
  • Form 13 or Form 20 – Certificate on Change of Company name (if any)
  • Form 24 – Return of Allotment of Shares or Latest “Annual Return”
  • Form 44 – Notice of Situation of Registered Office
  • Form 49 – Return giving particulars in Register of Directors, Managers and Secretaries
  • Annual Report or Audited Financial Statement (latest)
  • Memorandum & Articles of Association (M&A)

  • Note: All documents to be certified true copies
  • Extract of Board Resolution
  • Authorized Signatory(ies) & Specimen Signatures
  • NRIC of authorized signatory
  • RM10 CDS opening fee + 6% GST on fee
Are foreigners or permanent residents of Malaysia allowed to open an account?
Yes. PR residents and foreigners would need to comply with all the requirements under the Exchange Control Rules and Regulations of Bank Negara Malaysia.
How do I submit my account opening documents?
Pursuant to Bursa Malaysia Securities Berhad and Bursa Malaysia Depository Rules, clients need to submit original account opening documents to us for verification.
Do I need to be present in-person to open account?
Yes. Please make an appointment with our dealer’s representatives to assist you with your application and to witness your account opening documents.
What are the brokerage fees and charges to trade online?
Brokerage Fees
Our brokerage rates for online trades are no higher than 0.60% and 0.30% respectively, for contracts below and above RM100,000. The rate is negotiable with our dealer representatives. 
 
Stamp Duty
Relating to the sale of any shares, stock or marketable securities in companies incorporated in Malaysia or elsewhere—
 
(a) RM1.50 for every RM1 000 or fractional part of RM1,000 of the value of any shares or stock. This will be capped at RM1,000. 
(b) RM1.00 for every RM1,000 or fractional part of RM1,000 of the value of any marketable securities. This will be capped at RM200.
 
Clearing Fees
0.03% of transaction value (payable by both buyer and seller) with a maximum of RM1000.00 per contract
 
SST
SST of 6% is applicable on the brokerages and clearing fees charged. 
 
For any further enquiries, please contact your remisiers/dealers.
https://www.bursamalaysia.com/trade/trading_resources/equities/transaction_costs
What are the fees and charges to open an account?
A charge of RM10 is levied by Bursa Malaysia Depository for the opening of a CDS account.
How do I open an account if I am residing in overseas?
If you reside outside of Malaysia, you are required to download account opening forms online and prepare the documents required. The documents are required to be attested by a Notary Public.
Will I be notified when my account is open?
Once your account is opened, you will be notified via a confirmation letter from Kenanga Investment Bank Berhad.