Visit our Customer Service Centres at: Visit our Investor Centre at: As Forex is traded in pairs and each currency has an interest rate associated with it, every trade involves not only 2 different currencies, but two different interest rates. If the interest rate on the currency you bought is higher than the interest rate of the currency you sold, you will earn swaps positive swap.
If however, the interest rate on the currency you bought is lower than the interest rate on the currency you sold, you will pay swaps negative swap.
Swaps can add significant extra cost or profit to your trade. This three-day adjustment covers settlement of trades over the weekend. You are required to add an additional hour to 5am Singapore Time from November to March.
Tax There is withholding tax on swaps credit for a client who has opened the account under an overseas investor declaration, subject to the prevailing Singapore government rate. There is no fee needed to maintain or close your KE Forex account. No interest is earned on dormant funds. All realised profits or losses will be converted on a real-time basis at the time of closure to the base currency of your account. It looks like you are using an older version of Internet Explorer.
Using an outdated browser makes your computer unsafe. For the best experience on the web, please update your browser or install Google Chrome Frame. Maybank Kim Eng Singapore. What Are The Charges? Are There Any Other Fees? Mr Ms Mdm Dr Prof. Entries are not case sensitive.More...