Overview of KGI Securities
KGI Securities, incorporated in 2017 and headquartered in Singapore, is a financial services company specializing in online trading of securities, futures, and forex. KGI Securities offers various account types and payment methods. Traders can access a range of trading platforms such as KTrader, KGI Futures, KGI CQG, KGI TT, KGI Stellar, KGI MetaTrader 4, and KGI MaxxTrader. However, it's important to note that KGI Securities is not regulated, which may pose potential risks for traders.
Is KGI Securities Legit？
KGI Securities is not regulated, which indicates a lack of oversight from recognized financial regulatory authorities. Trading with an unregulated broker like KGI Securities carries significant risks, including limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the broker's business practices. Traders should exercise caution and thoroughly research the regulatory status of KGI Securities before engaging in trading activities to mitigate risks and ensure a safer and more secure trading experience.
Pros and Cons
KGI Securities offers a diverse range of trading instruments and provides multiple account types to cater to various trading needs. Additionally, the company utilizes several popular trading platforms for enhanced accessibility and supports multiple payment methods for convenience. However, KGI Securities operates without regulatory oversight, which poses potential risks for traders. Moreover, the limited variety and content of educational resources may hinder comprehensive learning, while the lack of transparency regarding company policies and procedures raises concerns. Additionally, unclear information on spreads, commissions, and leverage may impact trading decisions.
Trading Instruments
KGI Securities provides direct access online trade execution and clearing services to institutional and professional traders for a wide variety of electronically traded products worldwide, including stocks, options, futures, commodities, currencies, bonds, gold, and funds.
Securities:
Stocks: Offers potential capital gains and income from dividends. Blue chip companies with consistent dividend payouts provide investors with a regular income stream.
Margin Financing: Provides clients with a credit facility of up to 3.5 times their existing capital to finance securities purchases by pledging cash and/or marginable securities as collateral. Multi-currency financing is available for stocks and shares listed on various exchanges.
Futures:
Commodities: Agricultural futures allow locking in future prices to avoid price risk, with trading options ranging from corn, soybeans, oats, coffee, to sugar. Energy futures, including crude oil and natural gas, help manage exposure to energy price fluctuations. Metals futures, comprising precious and base metals, are used for profit or hedging against price fluctuations in industries such as automotive, construction, and shipping.
financial futures: Stock Index futures replicate stock market index performance, serving as hedging and trading tools against market fluctuations. Popular contracts include Dow Jones, Hang Seng, S&P 500, DAX, Nikkei 225, and China A50. Trading in interest rate futures allows investors to hedge risks and reduce borrowing costs. Contracts like Treasury-bill, Treasury-bond, and Eurodollar futures enable locking in interest-bearing asset prices for future dates. Currency futures, including Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, New Zealand Dollar, and Australian Dollar, are traded to manage risks and profit from exchange rate fluctuations. In OTC trading, contracts are negotiated directly between parties, outside of formal exchanges. Options give buyers the right to buy or sell an underlying futures contract at a predetermined price on or before a future date, with the buyer having the discretion not to exercise the contract if it proves unprofitable.
Forex
foreign exchange: In the Foreign Exchange market, KGI Securities offers a wide range of FX Currency Crosses and Non-deliverable Forwards (NDFs), including Spot Gold and Silver, providing clients with access to the world's largest financial market. Clients benefit from direct access to liquidity from over 10 tier 1 banks, ensuring competitive spreads and commission structures. Additionally, institutional clients and corporations can access personalized algorithmic trading tailored to their trading requirements and business needs.
precious metals: Trade precious metals such as gold and silver with us.
Account Types
KGI Securities (Singapore) Pte. Ltd. offers demo, individual, joint and corporate accounts.
Individual accounts are opened under an individual name where he/she is authorized to access the account.
Joint accounts are opened under two names, where these two individuals can access the account.
Corporate accounts are opened in the name of a corporation, where the authorized persons can control assets in this account.
The accounts above are available in either Cash or Margin accounts.
Cash accounts are suited for investors who would like to pay in full cash for their trades. Margin account allows investors to pledge their existing portfolio of acceptable shares or a minimum sum of cash as collaterals, and trade up to 3.5 times the value of collaterals pledged.
In addition to the aforementioned three types of accounts, both futures and forex also offer demo accounts.
How to Open an Account
Different trading instruments have different account opening procedures.
secruties
(1) Individual/Joint Account:
To open a new trading account with KGI Securities (Singapore) Pte. Ltd., please bring along the following items to the office:
4 Shenton Way#13-01 SGX Centre 2Singapore 068807
(2) Corporate Account:
Traders can request the forms by sending an email to sgp.cso@kgi.com, providing their contact numbers and mailing address.
futures & forex
There are two ways to open a trading account:
(1) To open an online account, traders can select “Apply Online” for the type of trading account they wish to open and complete the form accordingly.
(2) Manual Forms
The completed application form can be mailed (Attn.: Client Services) or dropped off at the office during operating hours from Monday to Friday, 9:00am – 6:00pm:
KGI Securities (Singapore) Pte. Ltd.
4 Shenton Way
#13-01, SGX Centre 2
Singapore 068807
Commissions
At KGI Securities, the commissions investors pay vary between the various products and Exchanges. The commissions and margins required may change from time to time based on Exchanges requirements and KGIs policies.
Deposit & Withdraw Methods
Electronic Payment for Shares (EPS):
EPS allows convenient trade payments at ATMs or via internet banking. Payments made by KGI Securities will be automatically credited to the designated bank account. To utilize EPS, traders need to complete the application form to link their trading account with their bank account. Note that only one bank account can be linked at a time.
General Interbank Recurring Order (GIRO):
GIRO is an automated payment system for transferring funds regularly. It enables traders to establish standing instructions for monthly payments from their designated bank account to KGI Securities. Any funds received from KGI Securities will also be routed to the trader's bank account. Traders can complete the GIRO application form to link their trading account with their bank account. Ensure sufficient funds before the deduction due date.
Telegraphic Transfer (TT):
TT is an electronic method for overseas wire transactions. For assistance with bank details for transfers, traders can reach out to their Trading Representatives (TR). When making TT payments, it's important to include the trading account number and account holders name on the payment details for verification and crediting into the Trading Account.
Cheque:
Make cheques payable to ‘KGI Securities (Singapore) Pte. Ltd.’ for deposit.
Option 1: Cheques can be mailed to KGI at the specified address:
KGI Securities (Singapore) Pte. Ltd.
4 Shenton Way, #13-01 SGX Centre 2, Singapore 068807
Attention: Operations
Option 2: Self-deposit cheques at banks. Traders can contact their Trading Representatives (TR) to obtain bank details for transfers.
Trading Platforms
KGI Securities offers a variety of trading platforms, with each instrument requiring its own specific platform.
secruties
The KTrader platformoffers several unique features that cater to todays demanding trading requirements, equipped with advanced HTML 5 technology in a sleek layout to provide investors easy access to multiple stock exchanges.
futures
KGI Futures, the most widely used futures trading platform, offers the basic functionalities of a trading application and is highly recommended for newcomers or those with minimal technical requirements.
CQG Trader is a high-performance market data and electronic trading application. It is suitable for traders who do not require technical analysis tools.
KGI TT is a sophisticated trading platform with superior speed, stability and accuracy developed by Trading Technologies.
Stellar Trading Systems provides cutting edge multi asset class trading solutions to the professional trader. Each solution offers a fully-customizable and user-friendly Front End, combined with industry leading performance and stability supported by Stellar ASP.
forex
The KGI MT4 trading platform is known for its robustness and user-friendly interface, enhancing FX trading performance.
The MaxxTrader trading solution is a comprehensive system that is highly configurable.
Trading Tools
E-Statements, electronic versions of monthly statements and contract notes, are sent to the latest email address registered with KTrader, allowing users to access and download them via the “e-statement” tab on the KTrader trading platform from any location and at any time.
Customer Support
KGI Securities offers valued clients round the clock (24 hour) single-touch point for multi-asset clients and 24 hour high-touch desk for global products. For general inquiries, individuals can reach out via phone at +65 6202 1188 or send an email to info.sg@kgi.com. Technical support inquiries can be directed to ps.sg@kgi.com. Additionally, specific contact numbers are available for different trading sectors, including securities, forex, and futures/commodities, ensuring clients receive specialized assistance tailored to their needs.
Educational resources
SGX academy programmes: SGX is hosting a series of education and training programmes that have been specially-designed to meet the different needs of individuals and professionals. Whether you are a seasoned investor or just starting out, browse the range of events below to find the right programme to meet your investing and trading needs.
(1) Beginner: Understand the fundamentals - why, what and how of investing
(2) Intermediate: Acquire a better understanding of various investment instruments and different methods of investing
(3) Active Trader: Learn from professional traders who will be demonstrating trade plans for the forthcoming week and sharing their insights live from 12.30pm to 1.30pm.
(4) Market Depth: Learn how to make more informed trading decisions with Market Depth - also known as Level 2 Market Data that allows viewing up to 20 levels of buy and sell orders on SGX-listed securities.
futures & forex
KGI Securities provides easy access to financial terms and definitions through the beginner's glossary and the opportunity to participate in webinars for learning experiences.
Conclusion
In conclusion, KGI Securities presents traders with a variety of trading instruments and account types, along with the widely used trading platforms, facilitating flexible and accessible trading opportunities. However, the absence of regulatory oversight poses potential risks. Additionally, the limited variety and content of educational resources and unclear company policies may present challenges for traders seeking comprehensive guidance. Traders should exercise caution and conduct thorough research before engaging with KGI Securities to mitigate potential risks and ensure a safer trading experience.
FAQs
Q: Is KGI Securities regulated？
A: No, KGI Securities operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on KGI Securities？
A: KGI Securities offers a wide range of trading instruments, including securities, futures, forex.
Q: What account types does KGI Securities offer？
A: KGI Securities provides various account types, including demo, individual, joint, and corporate accounts.
Q: How can I contact KGI Securities's customer support？
A: You can contact KGI Securities's customer support through the following channels:
Technical support: ps.sg@kgi.com
Additionally, specific contact numbers are available for different trading sectors, ensuring specialized assistance tailored to your needs.
Risk Warning
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.
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