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Kentrade, operated by Kenanga Investment Bank Berhad, offers a variety of trading accounts tailored for both individual and corporate clients. The primary types of accounts available include:
Individual Trading Account: Designed for individual investors aged 18 and above, this account allows access to local and global equity markets, enabling users to trade shares, futures, and other financial products.
Corporate Trading Account: Intended for businesses, this account provides comprehensive trading services, allowing companies to manage their investments effectively.
Global Trading Account: This account type allows traders to access foreign exchanges in Asia, Europe, and the Americas, expanding their investment opportunities beyond local markets.
Islamic Stockbroking Account: This account complies with Islamic finance principles, offering a Shariah-compliant trading option for Muslim investors.
Futures Trading Account: For those interested in trading futures, this account provides the necessary tools and resources to engage in derivatives trading.
Opening a trading account with Kentrade involves a straightforward process. Heres a step-by-step guide:
Visit the Website: Go to Kentrade's official website.
Select Account Type: Choose the type of account you wish to open (Individual or Corporate).
Complete the E-Form: Click on "Open an Account" and fill out the online e-form with the required information.
Prepare Supporting Documents: Gather the necessary documents, which may include:
Submit Documents: Scan your completed form and supporting documents, then email them to kentrade@kenanga.com.my.
Dealer Contact: A dealer representative will contact you to assist with the account opening process.
Account Activation: Once your application is processed, you will receive a confirmation email, and your account will be activated.
By following these steps, you can successfully open a trading account with Kentrade and start your investment journey.
Explore broker markets account types: forex/trading accounts with demo access.