Broker Summary
Summary of the broker
In summary, Kenanga is a well-known provider of financial services. Kenanga is a new trading broker available to both retail and institutional clients that will allow investors to access the markets and create investment portfolios, while being transparent about the relationship between them and their clients. Information on Kenanga was compiled, along with Kenanga's history as an organization and Kenanga's trading environment to assist traders when making informed decisions on their trading activities.
Kenanga's history as a financial services provider is poorly documented. Even though there is a limited number of details available, there is evidence that Kenanga has continued to maintain a competitive market presence, while providing a wide range of services to meet the needs of all types of traders throughout the world.
It is not possible to confirm whether or not Kenanga has similar capabilities to those of its competitors, however Kenanga does provide the same trading tools and educational resources that are standard in the industry, while lacking direct confirmation of those claims.
Kenanga's success as a broker will ultimately depend on the level of regulatory compliance, which determines the legitimacy of Kenanga's claim to offer those services and products.
While the minimum amount to deposit with Kenanga to open an account is 3000 MYR, there is no information regarding spreads and leverage.
Kenanga also does not fully disclose its fee model.
As a result of this limited information available related to Kenanga and the poor customer experience associated with Kenanga, it is very difficult to determine if Kenanga offers a satisfactory customer experience and whether their trading systems are effective or not.
Traders are encouraged to research the effectiveness of Kenanga platforms and their level of customer service via independent review sites prior to depositing funds.
Currently, there is no publicly available news regarding new services, strategic initiatives, or technological improvements by Kenanga.
As a trading broker, Kenanga still maintains significant unknowns with respect to their operations, regulations, and trading methodology. Therefore, any individual trader planning to open an account with Kenanga should be cautious about the lack of transparency associated with all information related to Kenanga and should thoroughly research and verify all claims made by Kenanga prior to depositing any money.
For traders considering Kenanga, it is strongly recommended that they understand the regulatory framework governing Kenanga, as well as its fees, and that they are aware of the risks associated with trading with Kenanga. The best method to ensure that traders completely understand Kenanga's operations is by conducting extensive research about Kenanga and confirming their findings with the broker directly.
Regulatory Licenses
Compliance & oversight
SCMTier 2Regulated
Account Types
Trading account options
StandardStandardMin Deposit MYR 10 • Leverage 1:1 • Commission Not specified
Funding Methods
Deposit & withdrawal options
Bank TransferFree Deposit
Online Account OpeningFree Deposit
Trading Platforms
Professional trading tools
Live Spreads & Trading Costs
Compare real-time spreads on major currency pairs
Spreads are the core trading cost with Kenanga: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.
- Live spread table for six major currency pairs, refreshed every few seconds
- Excellent / competitive / high ratings so you can benchmark Kenanga at a glance
- Bid, ask and pip-change data to estimate your real cost per trade
Spread data is indicative and for comparison purposes only
Social Presence
Digital community engagement
Corporate Network
Enterprise structure & relationships
KENANGA FUTURES SDN. BHD.
Registration
353603-X
Established
2019-10-06


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