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Kenanga

Regulated
Malaysia
,
Since 1995
Last Updated:
30/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

2 methods

Bank Transfer

bank transfer
2 days
Fee:
Free
Fee:
Free

Online Account Opening

other
2 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 4%, 2: License 53%, 3: Software 50%, 4: Spread 0%, 5: Account Type 10%, 6: Symbol 0%
Regulation
4%Poor
License
53%Fair
Software
50%Fair
Spread
0%Poor
Account Type
10%Poor
Symbol
0%Poor

Company Information

Full Name:Kenanga Futures Sdn Bhd
Founded:1995
Headquarters:Malaysia
Enterprise Offices:1offices

Customer Support

Phone:
+60 1300 13 3010
Live Chat:
business_hours
Response Time:
Languages:
English
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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

1 license
Malaysia
SCMTier 2
Malaysia
License Details
Type:Dealing in futures contracts
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

1 type
Standard
Standard
Min Deposit MYR 10 • Leverage 1:1 • Commission Not specified
Min DepositMYR 10
Leverage1:1
CommissionNot specified
1
Total Types
1
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

2 methods
Bank Transfer
Bank Transfer2 min
Deposit
Fee:Free
Min:MYR 3,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Deposits must be made from the registered bank account of the account holder. Available to clients with a registered Malaysian bank account.
Online Account Opening
Other2 min
Deposit
Fee:Free
Min:MYR 3,000
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Initial deposit must be from registered bank account. Available to clients with registered Malaysian bank account.
2
Free Deposit
2
Instant
0
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

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
View live spreads for Kenanga

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

2 sites
🌐
https://www.kenangafutures.com.my/
Unknown
Active
SSL
🌐
https://www.kenangafutures.com.my/
Unknown
Active
SSL
2
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

4 platform
Scroll to see all 4 platforms

Corporate Network

Enterprise structure & relationships

1 entities

KENANGA FUTURES SDN. BHD.

Malaysia
active

Registration

353603-X

Established

2019-10-06

Comments

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