Overall, UOB KAY HIAN can be summarised as a credible and trustworthy broker and is considered competitive trading conditions as well as comprehensive solutions and services. UOB KAY HIAN provides brokerage services, investment banking, wealth management and financial research.
UOB KAY HIAN at a Glance
| Broker's Name | UOB KAY HIAN |
| 📍 Headquartered | Singapore |
| 📅 Year Founded | 1970 |
| ⚖️ Regulating Authorities | MAS |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Not indicated on website |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Not indicated on website |
| 📈 Maximum Leverage | 1:50 |
| 💰 Minimum Deposit | No indication on website |
| 💳 Deposit Options | No indication on website |
| 💳 Withdrawal Options | No indication on website |
| 💻 Platform Types | MetaTrader 4, UTRADE FX Elite |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | Bonds, Equities, CFDs, CFD Equities, CFD Indices, DLCs, ETFs, LFX, Margin Trading, Robo Advisory, and Unit trusts. |
| 👨💼 Languages supported on Website | English, Chinese |
| 👥 Customer Support Languages | English, Chinese |
| 📆 Customer Service Hours | Monday to Friday 08.30 to 17.30 |
Min Deposit
USD 0
Regulators
MAS
Trading Platform
MT4, UTRADE FX Elite
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
UOB KAY HIAN Review – 17 key points quick overview:
UOB KAY HIAN Overview
UOB KAY HIAN Overview
According to research in South Africa UOB KAY HIAN is a global investment firm headquartered in Singapore.
UOB KAY HIAN is backed by the UOB Group and was established in 2000. It now has a network of about 80 branches in the United Kingdom, Hong Kong, Indonesia, China, Malaysia, New York, Thailand and other financial markets. UOB KAY HIAN provides brokerage services, investment banking, wealth management and financial research.
UOB KAY HIAN Safety and Security
One of the best benchmarks to measure the safety of a broker like UOB KAY HIAN, is to establish which regulating authorities are watchdogs over its actions. UTRADE is regulated by The Monetary Authority of Singapore (MAS) and holds a Capital Markets Services (CMS) license under the Securities and Futures Act (SFA).
UOB KAY HIAN’s UTRADE platform is equipped with security features to protect clients’ online trades. These include multiple firewalls through which incoming data goes, 128-bit SSL encryption to protect data from getting tampered with, Intrusion Detection System (IDS) to prevent UTRADE’s websites and systems from any intrusion and the use of unique user ID and passwords to ensure that transactions will be validly authorised.
UOB KAY HIAN Pro and cons
| ✔️ Pros | ❌ Cons |
| Platform equipped with security features | Not regulated by reputable authorities |
| Leverage allowed | Website lacks important information |
| Several types of accounts |
Min Deposit
USD 0
Regulators
MAS
Trading Platform
MT4, UTRADE FX Elite
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
UOB KAY HIAN Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
UOB KAY HIAN offers the following maximum leverage ratios: For Forex 1:50, for CFD’s 1:10, for metals 1:50 and for energy sources 1:50.
UOB KAY HIAN Accounts
A forex account at UOB KAY HIAN is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies. Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.
UOB KAY HIAN offers the following types of accounts:
Securities Trading Account
This is an account for trading securities in Singapore, Hong Kong, Malaysia and the US markets and offers multiple asset classes.
UTRADE Edge Account
This is a prefunded account with the available balance determining trading limits. It offers a lower commission rate of 0.18%. Trades in different markets are subject to certain minimum commissions.
UTRADE Plus Account
This is an online prefunded account with trading limited according to the account’s available balance and can only be used for trading securities in SGX. It has a lower commission rate of 0.12%.
Share Margin Financing (SMF)
This is a credit facility to boost your investments in shares by using cash or marginable securities as collateral. It is available for SGD, USD and HKD.
YieldMax Margin Account
This is a leverage product allowing up to 3.3 times margin leverage to create a customised portfolio of different counters to maximise returns.
CFD Equities Account
This is designed for leverage products traded on margin with the flexibility to trade both rising and falling markets.
CFD 10 Account
This account is designed to trade CFD Equities using leverage on a short-term basis, up to 30 calendar days.
Leveraged Products Account
This is for trade leveraged foreign exchange, indices or commodities and available in base currency options: SGD or USD.
Spot Diamond Trading Account
This account is available only for accredited or expert investors and gives access to the trade of physically settled diamonds on the Singapore Diamond Investment Exchange (SDiX).
UOB KAY HIAN Market instruments
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management.
Indices
Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.
Cryptocurrencies
Bitcoin (BTC) is the digital currency with the largest market capitalisation.
Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability
Ripple (RPL) is popular among big banks with the Ripple network a next generation real-time gross settlement system.
Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.
Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.
UOB KAY HIAN offers the following of the above: Bonds, Equities, Contracts For difference (CFDs), CFD Equities, CFD Indices, Daily leverage certificates (DLCs), Exchange-traded funds (ETFs), Leveraged Foreign Exchange (LFX), Margin Trading, Robo Advisory, and Unit trusts.
Min Deposit
USD 0
Regulators
MAS
Trading Platform
MT4, UTRADE FX Elite
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
UOB KAY HIAN Fees
Cost depends on different factors, like spread and margins, and UOB KAY HIAN clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. UOB KAY HIAN may charge transaction charges such as a CDP imposed clearing fees (0.0325%) and SGX trading fees (0.0075%). All fees and charges are subjected to 7% GST.
UOB KAY HIAN Deposit and withdrawal
Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ. In the case of UOB KAY HIAN the website does not give any indication of minimum deposit amounts or methods to fund accounts or withdraw money.
UOB KAY HIAN Trading platforms
The forex trading platform provided by UOB KAY HIAN to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. UOB KAY HIAN provides UTRADE as platform, which is designed for a streamlined trade process with main features like Multi-market trade, live price chart and sophisticated tools.
UOB KAY HIAN Customer support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of UOB KAY HIAN customers can reach the support team by means of email or phone calls and the team is available from Monday to Friday (excluding public holidays), 08:30 to 17:30.
UOB KAY HIAN Education
Before starting to trade, potential clients of UOB KAY HIAN should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. UOB KAY HIAN does offer a range of investment topics and tactical trading strategies.
UOB KAY HIAN Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.
With UOB KAY HIAN they have access to a market monitor with daily reviews of the Singapore, Hong Kong, Shanghai, US market; daily updates of the regional market; daily FX commentary; short ideas or picks on CFD from global markets and more.
UOB KAY HIAN Awards
Being an awarded company instils extra confidence by traders. Although UOB KAY HIAN is acclaimed by customers, there is no indication of awards won on its homepage.
UOB KAY HIAN vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇UOB KAY HIAN | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | No indication on website | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:50 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
Min Deposit
USD 0
Regulators
MAS
Trading Platform
MT4, UTRADE FX Elite
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
UOB Kay Hian is a forex trading company it is not a regulated broker but has high operational standards, low trading fees, superior service delivery, helping investors reach their objectives. It caters for all types of traders with different levels of experience.
UOB KAY HIAN is an investment firm in Singapore with offices all over the world where it provides brokerage services, as well as investment banking, wealth management and financial research. It is not properly regulated but gives a variety of account types and fair research options to traders.
Disclaimer
UOB KAY HIAN warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with UOB KAY HIAN, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.
UOB KAY HIAN warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence UOB KAY HIAN cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
Trading environment
How many instruments can I trade with UOB KAY HIAN?
You can trade several different instruments with UOB KAY HIAN, which include:
Bonds
Equities
CFDs
CFD Equities
CFD Indices
DLCs
ETFs
LFX
Margin Trading
Robo Advisory
Unit trusts
Which platforms are supported by UOB KAY HIAN?
UOB KAY HIAN provides the following popular trading platforms:
MetaTrader 4
UTRADE
Does UOB KAY HIAN offer leverage?
Yes, UOB KAY HIAN offers a maximum leverage of up to 1: 50.
What spreads can I expect with UOB KAY HIAN?
UOB KAY HIAN offers different spreads on its various accounts.
Does UOB KAY HIAN charge commission?
More information on commissions can be obtained from the customer support service.
Is UOB KAY HIAN regulated and by whom?
UOB KAY HIAN is only regulated by MAS.
Is UOB KAY HIAN a recommended forex trading broker for experts and beginners?
UOB KAY HIAN offers a fair trading environment for most types of traders.
What is the overall rating out of 10 for UOB KAY HIAN?
5/10
Accounts
What is the difference between a demo and live trading account?
A demo account is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.
Does UOB KAY HIAN offer a demo account?
Yes
How long is the demo account valid?
Not indicated.
Which live trading accounts does UOB KAY HIAN offer?
Securities Trading Account
UTRADE Edge Account
UTRADE Plus Account
Share Margin Financing (SMF)
YieldMax Margin Account
CFD Equities Account
CFD 10 Account
Leveraged Products Account
Spot Diamond Trading Account
What are the available deposit currencies for a live trading account?
USD, SGD
Deposits and withdrawals
What is the minimum deposit required to open an account with UOB KAY HIAN?
Not indicated.
How do you make a deposit and withdraw money with UOB KAY HIAN?
Not indicated.
Does UOB KAY HIAN charge withdrawal fees?
Not indicated.
How long does it take to make a withdrawal?
Not indicated.
Top 4 Brokers
