Kenanga Futures has launched the “Grow Your Futures” Campaign to democratize access to derivatives trading, reducing the account opening fee to RM10 and offering attractive prizes. The initiative aims to empower traders with knowledge and opportunities in a dynamic market.
11 September 2023 – Kenanga Futures Sdn Bhd (“Kenanga Futures”) has unveiled its latest nationwide initiative, the “Grow Your Futures” Campaign, designed to cultivate a community of informed and savvy derivatives traders. The campaign, which commenced on September 4th, aims to democratize access to the world of Futures by significantly reducing the account opening fee from RM3,000 to a nominal RM10. Participants can look forward to attractive prizes valued up to RM10,000, one-on-one coaching sessions, and commission-free trades.
Kenanga Futures’ “Grow Your Futures” Campaign represents a commitment to inclusive retail participation, providing newcomers and novice Futures traders with the opportunity to harness the potential of derivatives for portfolio diversification and risk management. It serves as a valuable avenue for hedging equity portfolios and taking positions on daily market fluctuations, as emphasized by Azila Abdul Aziz, Chief Executive Officer/Executive Director and Head of Listed Derivatives of Kenanga Futures.
Azila further stressed, “Our steadfast belief is rooted in the transformational power of knowledge because we understand that informed traders make confident decisions. Equipping our clients with tools, resources, and educational support necessary for their journey has been a cornerstone of our approach at Kenanga Futures.”
As part of the campaign, the account opening fee has been reduced to just RM10, making it more accessible for aspiring traders. Traders who engage in a minimum of 10 Bursa Malaysia Derivatives contracts stand a chance to win the grand prize of a Blueshark R1 Smart Electric Scooter valued at RM10,000. Other prizes include the Ultra-Light Series 4 Electric Scooter worth RM1,200 and e-Touch n’Go credit worth RM500.
Additionally, the first 50 participants opening a trading account with Kenanga Futures will receive a complimentary one-on-one coaching session and 20 commission-free trades across any of the Bursa Malaysia Derivatives products.
The 12 Bursa Malaysia Derivatives products covered by this Campaign encompass a wide range, including Crude Palm Oil Futures (“FCPO”), FBM KLCI Futures (“FKLI”), Options on FKLI, Gold Futures, Mini FBM 70 Index Futures, Options on FCPO, KLIBOR Futures, USD Crude Palm Oil Futures, RBD Palm Olein, East Malaysia Crude Palm Oil Futures, and 5-Year MGS Futures. The FTSE4Good Bursa Malaysia Index Futures, a unique offering providing leveraged exposure to companies recognized for their Environmental, Social, and Governance practices, is also part of the line-up.
Mohd Saleem Kader Bakas, Director of Bursa Malaysia Derivatives, commended Kenanga Futures for their “Grow Your Futures” Campaign, which aligns with their shared vision of fostering informed trading and investment strategies. Such initiatives promote investor awareness and market engagement, contributing positively to the market’s growth and dynamism.
In recent years, there has been a notable surge in appetite for derivatives trading, with a total of 19.1 million contracts traded in the BMD market for 2022, surpassing the previous record of 18.4 million contracts in 2021 by 3.7%. This demonstrates the market’s dynamic nature and its potential for substantial gains. In line with this surging interest, the “Grow Your Futures” Campaign presents an opportune path for traders. With its diverse and accessible product range, along with its educational initiatives, the Campaign seamlessly aligns with these evolving market dynamics, offering traders a promising avenue to capitalize on the changing landscape.