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Kenanga logo

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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Editorial review
Updated

Broker Summary

What Wikilix has recorded about Kenanga: its history, the licences it holds, its trading conditions and its fees.

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.

Regulation check

Regulatory Licenses

Kenanga is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

The Securities Commission Malaysia No number recorded

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Malaysia
Authority strength
Tier 2
Licence type
Dealing in futures contracts
Not yet checked on the register

Client protection under this licence

  • Compensation schemeCapital Market Compensation Fund covers up to RM 100,000 per claimant
  • Complaints routeSC complaints process
  • Maximum leverage1:500

These are the rules SCM sets for the firms it licenses. They are not a statement about how Kenanga applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Trading accounts
Updated

Account Types

One account type on record. Minimum deposit from MYR 10. Leverage up to 1:1.

1 account type
AccountMin DepositLeverageCommission
StandardMYR 101:1Not specified
Account names and conditions as published by Kenanga, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

2 ways to fund an account. 2 with no deposit fee.

2 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer
Deposits must be made from the registered bank account of the account holder. Available to clients with a registered Malaysian bank account.
FreeFreeMYR 3,000Not recordedNot recorded2 days
Online Account OpeningOther
Initial deposit must be from registered bank account. Available to clients with registered Malaysian bank account.
FreeFreeMYR 3,000Not recordedNot recorded2 days
Fees, limits and processing times as published by Kenanga, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 5.

1 platform
  • MetaTrader 5 logo

    MetaTrader 5

    by MetaQuotes Software Corpsince 2010Developer site

    MetaTrader 5 (MT5) is a next-generation multi-asset platform for trading Forex, stocks, and futures, with advanced analytics, faster execution, and powerful algorithmic trading tools.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Websites

Global Domains

2 domains on record. All active and served over HTTPS.

2 domains
  • www.kenangafutures.com.myMain siteActiveHTTPS
  • www.kenangafutures.com.myMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Social channels

Social Presence

4 official channels on record.

4 channels
Channels as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the Kenanga brand.

1 entity
  • KENANGA FUTURES SDN. BHD.ActiveMalaysiaRegistration 353603-XEstablished Oct 6, 2019
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about Kenanga

Most Popular Questions
According to WIKILIX, Kenanga Futures is licensed to deal in futures contracts and offers trading in stocks and CFDs. The broker's regulatory permissions cover these instruments within Malaysia.
Yes, Kenanga Futures offers live chat support during business hours. Customer support is available in English, and additional contact options include phone and email for marketing and general inquiries.
The maximum leverage available at Kenanga Futures is not specified in the provided context. WIKILIX data does not include details on leverage limits for this broker.
Kenanga Futures supports deposits and withdrawals via bank transfer from registered Malaysian bank accounts. Deposits must come from the account holder's registered bank account, with a minimum deposit of RM3,000. Both deposits and withdrawals typically take about two business days to process.
Kenanga Futures Sdn Bhd is regulated in Malaysia by The Securities Commission Malaysia (SCM). This regulator oversees dealing in futures contracts and ensures compliance with local laws. The broker operates under onshore regulation and is covered by the Capital Market Compensation Fund for client protection.
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