Overview

UOB Kay Hian is an SGX-listed stockbroking firm with over 100 years of history, making it one of the longest-running brokers in Singapore. Through its UTrade platform, it gives access to 10+ markets including SGX, US, Hong Kong, Malaysia, Thailand, UK, and Canada, along with CFDs, leveraged forex, and unit trusts from 70+ fund managers. Three account tiers let you pick your fee level: Cash (0.275% SGX), UTRADE X (0.18% flat), or UTRADE Plus (0.12% flat, min S$10). Backed by in-house equity research and a 14-day complimentary trial for new clients, it suits investors who want a trusted, full-service broker.

Pros

↑UTRADE Plus gives 0.12% flat SGX commission (min S$10), one of the cheapest traditional broker rates
↑Covers 10+ markets online (SGX, US, HK, Bursa, Thailand, UK, Canada, SH/SZ-HK Connect)
↑Multi-product: equities, CFDs on 6 markets, leveraged forex, unit trusts from 70+ fund managers, bonds, DLCs

Cons

↓Cash Account SGX rate of 0.275% is 3x to 14x higher than fintech brokers like Tiger (0.08%) or Moomoo (0.02%)
↓US commission at 0.30% (min US$20) is significantly pricier than zero or near-zero US trading at newer platforms
↓UTrade platform feels dated compared to fintech apps, with no paper trading or social features

Key Highlights

Welcome Offer

14-day research trial for new clients

New clients get 14 days of complimentary research updates
Access to seminars and market analysis
Email [email protected] to register
No sign-up cash bonus currently documented

Trading Costs
SGX from 0.12% (UTRADE Plus)
Cash Account: 0.275% up to S$50k, 0.22% up to S$100k, 0.20% above S$100k (min S$25)
UTRADE X: 0.18% flat (min S$18)
UTRADE Plus: 0.12% flat (min S$10)
US: 0.30% (min US$20), UTRADE X 0.12% (min US$13)
HK: 0.25% (min HK$100), UTRADE X 0.12% (min HK$75)

Assets & Markets
SGX, US, HK, Bursa, UK + 5 more
Online: SGX, US (NYSE/NASDAQ/AMEX), HK, Bursa, Thailand, UK, Canada, SH-HK Connect, SZ-HK Connect
Offline (negotiable): Europe, Japan, Indonesia, NZ, Philippines, Taiwan, Vietnam
CFDs: SG, HK, US, China, AU, MY
Leveraged Forex and Unit Trusts also available

Why Choose?
Full-service with research and CFDs
In-house equity research team with market analysis
CFD Equities on 6 markets (up to 10x leverage)
CFD Indices on 9 global indices (zero commission)
Leveraged Forex from 1.5 pips spread
Unit trusts from 70+ fund managers
Robo Advisory also available

Regulation & Safety
MAS regulated, SGX-listed
SGX-listed broker (over 100 years of history)
MAS Capital Markets Services license holder
Company Registration: 197000447W
Client fund segregation under MAS rules
Established multi-market presence across Asia

Account Minimum
S$3,000 min for CFD account
Cash trading account: No minimum deposit specified
CFD trading account: S$3,000 equivalent minimum
Cash Account minimum commission: S$25 (SGX)
UTRADE Plus minimum commission: S$10 (SGX)
PayNow, GIRO, e-banking deposit methods

Key Benefits

Trading Costs

★2.5

▼

Cash Account SGX: 0.275% up to S$50k, 0.22% up to S$100k, 0.20% above S$100k (min S$25)
UTRADE X SGX: 0.18% flat rate (min S$18, cash upfront)
UTRADE Plus SGX: 0.12% flat rate (min S$10, cash upfront)
US: 0.30% (min US$20), UTRADE X 0.12% (min US$13)
HK: 0.25%/0.20% (min HK$100), UTRADE X 0.12% (min HK$75)
CFD Equities SG: 0.25% (min SGD25), financing 6.50% p.a.
All rates higher than fintech brokers but UTRADE Plus is competitive among traditional brokers

Platform And Tools

★3.0

▼

UTrade web platform and mobile apps for iOS and Android
ChartGenie for advanced charting
ShareXplorer for stock exploration and filtering
StockScreener for screening across markets
TechAnalyzer for technical analysis
Stock Alerts for price notifications
Fund comparison tool (up to 4 unit trusts)

Research And Analysis

★3.5

▼

In-house equity research team with published reports
14-day complimentary research trial for new clients
Regular investment seminars and events
Market analysis and commentary
Research coverage across multiple Asian markets
Email [email protected] to register for trial

Mobile Trading

★2.8

▼

UTrade SG mobile app for iOS and Android
UTrade tablet app available
Mobile Lite version for simpler access
Real-time market data on mobile
Order placement and portfolio monitoring
Push notifications for trade updates

Account Features

★3.5

▼

Three account tiers: Cash, UTRADE X, UTRADE Plus
CPF and SRS investment accounts for SGX
Joint and Corporate account options
Margin trading facility (Share Margin Financing)
CFD trading account (S$3,000 minimum)
Leveraged Forex account
Unit Trust account with 70+ fund managers
PayNow, GIRO, EPS, e-banking deposit methods

Security And Trust

★4.2

▼

SGX-listed broker with over 100 years of history
MAS Capital Markets Services license holder
Company Registration: 197000447W
Client fund segregation under MAS regulations
CDP sub-account for Singapore shares
One of the most established brokers in Singapore

Customer Support

★3.3

▼

Phone: +65 6536 9338
Email: [email protected]
Live Chat: 8:30am to 5:30pm (Mon to Fri)
Office: 83 Clemenceau Avenue #10-01 UE Square Singapore 239920
Hours: 8:30am to 5:30pm (Mon to Fri, excluding public holidays)
Advisory option with personal trading representative

Educational Resources

★2.5

▼

14-day complimentary research trial for new clients
Regular investment seminars and educational events
FAQ sections covering each product and market
SIP learning modules for regulatory compliance
CFD e-learning course available through ABS/SAS
No demo account or paper trading available

Available Tools

Trading Tools

▼

Paper Trading	×
Margin Trading	✓
Zero Commission	×
Fractional Shares	×
After Hours Trading	×

Automation

▼

Dca	×
Algo Trading	×
Grid Trading	×
Trading Bots	×
Robo Advisory	✓
Sentiment Analysis	×
Social Copy Trading	×
Ai Trading Assistant	×

Detailed Information

Commission Tiers	Cash Account SGX: 0.275% (up to S$50k), 0.22% (S$50k-S$100k), 0.20% (above S$100k), min S$25 UTRADE X Account SGX: 0.18% flat rate, min S$18 (cash upfront required) UTRADE Plus Account SGX: 0.12% flat rate, min S$10 (cash upfront required) Offline/Advisory: Negotiable rates with personal trading representative UTRADE X and Plus offer the same tiered pricing across all markets with lower rates
Trading Fees	SGX Cash: 0.275%/0.22%/0.20% (tiered), min S$25 SGX UTRADE Plus: 0.12% flat, min S$10 US Cash: 0.30% flat, min US$20 \| UTRADE X: 0.12%, min US$13 HK Cash: 0.25%/0.20%, min HK$100 \| UTRADE X: 0.12%, min HK$75 Bursa Cash: 0.50%/0.40%/0.30%, min RM60 \| UTRADE X: 0.12%, min RM60 Thailand Cash: 0.50%, min THB700 \| UTRADE X: 0.12%, min THB700 UK Cash: 0.35%, min GBP25 \| UTRADE X: 0.12%, min GBP25 Canada Cash: 0.50%, min CAD30 \| UTRADE X: 0.12%, min CAD30 SH/SZ-HK Connect: 0.25%, min CNY80
Stock Etf Commission	SGX stocks/ETFs: 0.275% to 0.12% depending on account tier Cash Account minimum: S$25 per SGX trade UTRADE Plus minimum: S$10 per SGX trade US stocks/ETFs: 0.30% (Cash) or 0.12% (UTRADE X) HK stocks/ETFs: 0.25%/0.20% (Cash) or 0.12% (UTRADE X) REITs, warrants, DLCs all at standard equity commission rates SGX clearing fee: 0.0325%, trading access fee: 0.0075%
Financing Rates	CFD Equities SG: 6.50% p.a. (long), min 3% (short) CFD Equities US: 7.50% p.a. (long), min 3% (short) CFD Equities HK: 7.80% p.a. (long), min 3% (short) CFD 10 SG: 0% for first 10 days, then 4.75% p.a. CFD Indices: Benchmark rate +/- 3.5% for overnight positions Share Margin Financing: Contact UOBKH for current rates
Margin Interest Rate	Share Margin Financing: Contact UOB Kay Hian for prevailing rates CFD margin: 10% initial margin (10x leverage) for key component stocks Margin call at 100% ratio, force liquidation at 140%
Overnight Fees	CFD Equities SG: 6.50% p.a. CFD Equities US: 7.50% p.a. CFD Equities HK: 7.80% p.a. CFD 10: Free for first 10 days, then 4.75% p.a. CFD Indices: Benchmark +/- 3.5% (e.g. SOFR +/- 3.5% for US indices)
Non Trading Fees	SGX Clearing Fee: 0.0325% (structured warrants: 0.05%, max S$200) SGX Trading Access Fee: 0.0075% SGX Settlement Instruction Fee: S$0.35 per SI In-House Custody Fee: S$2.00 per counter (foreign shares) GST: 8% on brokerage fees and other charges Unit Trust platform fee: 0.125% quarterly
Deposit Fee	PayNow: Free GIRO (DBS/POSB, UOB, OCBC): Free EPS via ATM/Internet banking: Free Bill payment via DBS/POSB, UOB, StanChart, HSBC: Free
Withdrawal Fee	Contact UOB Kay Hian for withdrawal/remittance fees Trust account maintained with UOBKH available for settlement
Inactivity Fee	No inactivity fee documented In-house custody fee of S$2/counter applies for foreign holdings
Currency Conversion Fee	Included in trade execution at prevailing rates Multi-currency settlement available for SGD, USD, HKD, MYR, GBP, CAD, THB, AUD, CNY
Data Feed Fees	CFD SG live prices: Free CFD HK live prices: HKD120/month CFD US live prices: USD3/month CFD AU live prices: AUD25/month Other market data: Contact UOBKH for fees
Order Modification Fee	No order modification fees documented
Vip Fee Tiers	No formal VIP tier programme Three account types offer progressively lower rates UTRADE X and Plus require cash upfront for lower rates Offline/advisory rates are negotiable for larger volumes

Minimum Spreads	LFX EUR/USD: from 1.8 pips LFX USD/JPY: from 1.5 pips LFX GBP/USD: from 2.0 pips LFX USD/CAD: from 2.5 pips CFD Indices and equities: based on underlying market spreads
Maximum Leverage	CFD Equities: Up to 10x leverage on key component stocks CFD margin requirement varies by underlying security (10% to 100%) Leveraged Forex: Contact UOBKH for current leverage ratios Share Margin Financing available (contact for terms)
Margin Call Level	CFD margin call: When margin ratio exceeds 100% At 100%: 2 business days to satisfy margin call At 125%: 1 business day to satisfy margin call At 140%: Force-selling of open positions triggered Margin calls sent via email; monitor account regularly
Stop Out Level	CFD force liquidation: When margin ratio exceeds 140% Positions force-sold to bring margin ratio below 100% UOBKH reserves the right to vary margin requirements without notice
Negative Balance Protection	Under MAS regulatory framework Contact UOBKH for specific negative balance protections
Settlement Period	SGX: T+2 business days US: T+1 business day (effective 28 May 2024) HK: T+2 business days HK-Shanghai/Shenzhen Connect: T+1 business day Bursa: T+2 business days Thailand: T+2 business days UK: T+2 business days Canada: T+1 business day (effective 27 May 2024) CFD Equities: No expiry, held as long as margin maintained
Order Execution Quality	Direct Market Access (DMA) for all CFD trades SGX member firm with direct exchange connectivity Market orders, limit orders, stop orders available Good-till-date orders up to 30 calendar days for US ANY (partial fills allowed) and AON (all or nothing) fill types

Crypto Count	0
Product Universe Overview	Equities: Stocks, ETFs, REITs, warrants, DLCs, SPACs across 10+ markets Bonds: Through UTrade Bond platform CFD Equities: SG, HK, US, China, Australia, Malaysia (up to 10x leverage) CFD Indices: 9 indices (AUS200, HK50, JP225, US500, USTEC, US30, UK100, GER40, CNA50) Leveraged Forex (LFX): Multiple currency pairs from 1.5 pips Unit Trusts: 70+ fund managers, 0% sales charge (self-directed) Robo Advisory also listed as available
Geographic Market Coverage	Singapore (SGX): Full member firm, equities, ETFs, REITs, warrants, DLCs, SPACs United States: NYSE, NASDAQ, AMEX, NYSE ARCA Hong Kong (HKEX) Malaysia (Bursa) Thailand (SET) United Kingdom (LSE) Canada HK-Shanghai Stock Connect (SE-HK) HK-Shenzhen Stock Connect (SZ-HK) Offline markets: Europe, Japan, Indonesia, NZ, Philippines, Taiwan, Vietnam
Major Markets Details	SGX: Direct member with full access, Cash/UTRADE X/Plus tiers US: NYSE, NASDAQ, AMEX, NYSE ARCA at 0.30% (Cash) or 0.12% (UTRADE X) HK: HKEX at 0.25%/0.20% (Cash) or 0.12% (UTRADE X) UK: LSE at 0.35% (Cash) or 0.12% (UTRADE X) Canada: 0.50% (Cash) or 0.12% (UTRADE X) T+1 settlement for US and Canada markets
Emerging Markets Details	Bursa Malaysia: Online at 0.50%/0.40%/0.30% (min RM60) or UTRADE X 0.12% Thailand: Online at 0.50% (min THB700) or UTRADE X 0.12% SH-HK Connect: 0.25% (min CNY80) for China A-shares SZ-HK Connect: 0.25% (min CNY80) for Shenzhen A-shares Indonesia, Philippines, Taiwan, Vietnam: Offline/advisory only (negotiable rates)
Base Currencies Supported	SGD, USD, HKD, MYR, GBP, CAD, THB, AUD, CNY, EUR

Trading Platforms Overview	UTrade web platform (new and old versions available) UTrade SG mobile app (iOS and Android) UTrade tablet app Mobile Lite (simplified version) CFD-specific trading platform with separate login UTrade Bond platform for bond trading
Desktop Platform	Web-based UTrade platform accessed via browser New UTrade Web Platform with updated interface Legacy/Old UTrade Web Platform still accessible No standalone desktop application
Mobile App	UTrade SG mobile app for iOS and Android UTrade Tablet App for iPad/Android tablets Mobile Lite for simplified mobile access Real-time market data and order placement Portfolio monitoring and account management Push notifications for trade updates
Web Platform	New UTrade Web Platform: utrade.com.sg ChartGenie for technical charting ShareXplorer for stock exploration StockScreener for market filtering TechAnalyzer for technical analysis Stock Alerts for price monitoring Secure login with session management
Trading Tools And Features	ChartGenie: Advanced charting with technical indicators ShareXplorer: Stock exploration and comparison StockScreener: Filter stocks across markets TechAnalyzer: Technical analysis tools Stock Alerts: Custom price and volume alerts Fund comparison: Compare up to 4 unit trusts side by side Stop-loss and profit-taking functions on CFD platform
Charting And Technical Analysis	ChartGenie: Dedicated charting tool TechAnalyzer: Technical analysis features Real-time price charts on web and mobile No TradingView integration documented Basic but functional charting compared to fintech platforms
Risk Management Tools	Stop-loss orders available for equities and CFDs Profit-taking orders on CFD platform Real-time margin monitoring for CFD accounts Email alerts for margin calls Unsettled transactions tracking on web platform
Order Types Available	Market orders Limit orders Stop orders Good-till-Date (GTD) orders: Up to 30 calendar days (US) Day orders ANY fill type (partial fills allowed) AON fill type (all or nothing, quantity over 100 units only)
Integrations And Api Access	No public API access documented PayNow integration for instant deposits GIRO integration with DBS/POSB, UOB, OCBC e-banking bill payment integration
Third Party Platforms	No third-party platform integrations documented Separate CFD trading platform available UTrade Bond as separate bond platform
Api Rate Limits	No API access available
Algo Trading Support	Not available for retail clients

Customer Support Overview	Phone: +65 6536 9338 Email: [email protected] Live Chat: Available 8:30am to 5:30pm (Mon to Fri) Office: 83 Clemenceau Avenue #10-01 UE Square Singapore 239920 Hours: 8:30am to 5:30pm (Mon to Fri, excluding public holidays) Advisory trading with personal trading representative option
Phone Support Hours	Main line: +65 6536 9338 Office hours: 8:30am to 5:30pm (Mon to Fri) Excluding Singapore public holidays Advisory clients can reach personal trading representatives
Live Chat Availability	Live Chat available on utrade.com.sg Hours: 8:30am to 5:30pm (Mon to Fri) Excluding public holidays
Email Response Time	Email: [email protected] Response time not specified Online form submission also available
Languages Supported	English Chinese (Traditional and Simplified options on UTrade Bond platform)
Local Office Presence	Singapore headquarters: 83 Clemenceau Avenue #10-01 UE Square Singapore 239920 Walk-in available during office hours SGX-listed company with established local presence
Account Manager	Advisory trading option with personal trading representative Higher offline/negotiable commission rates for advisory services Contact customer services to be assigned a representative
Educational Resources Overview	14-day complimentary research trial for new clients Regular investment seminars and educational events FAQ sections for each product type and market SIP learning modules and e-learning courses CFD e-learning through ABS/SAS partnership
Beginner Resources	FAQ sections covering account opening, trading basics, and each market SIP e-learning modules for regulatory compliance Online account opening guide Contact client services for guided onboarding
Webinars And Tutorials	Regular investment seminars available 14-day research trial includes seminar access No on-demand video library documented
Market Analysis And Research	In-house equity research team Published research reports and market analysis 14-day complimentary trial for new clients Regular seminars covering market themes
Demo Account Details	No demo account or paper trading available
Trading Courses	SIP e-learning modules for Specified Investment Products CFD e-learning course through ABS/SAS partnership No formal trading academy or structured course programme
Tax Reporting Help	E-statements and E-contracts available Trade confirmations provided for all transactions W-8BEN form submission supported for US withholding tax CPF/SRS trade tracking and reporting Corporate account tax documentation support

Regulation Overview	SGX-listed stockbroking firm with over 100 years of history Regulated by Monetary Authority of Singapore (MAS) MAS Capital Markets Services license holder Company Registration: 197000447W One of the largest and most established brokers in Singapore Client fund segregation under MAS regulations
Primary Regulator	Monetary Authority of Singapore (MAS)
License Number	Company Registration: 197000447W SGX member firm MAS Capital Markets Services license (specific CMS number not published on public website)
Investor Protection Scheme	Client fund segregation under MAS regulations CDP sub-account for Singapore shares SGX Circuit Breaker and Error Trade Policy applies Separate trust accounts for client funds CFD trading through MAS-regulated entity
Security Features	Secure login with session management on UTrade platform Multi-factor authentication available Encrypted HTTPS connections Cyber security guidelines published PayNow QR code verification for deposit safety Email notifications for margin calls and trade confirmations

Commission Tiers

Cash Account SGX: 0.275% (up to S$50k), 0.22% (S$50k-S$100k), 0.20% (above S$100k), min S$25
UTRADE X Account SGX: 0.18% flat rate, min S$18 (cash upfront required)
UTRADE Plus Account SGX: 0.12% flat rate, min S$10 (cash upfront required)
Offline/Advisory: Negotiable rates with personal trading representative
UTRADE X and Plus offer the same tiered pricing across all markets with lower rates

Trading Fees

SGX Cash: 0.275%/0.22%/0.20% (tiered), min S$25
SGX UTRADE Plus: 0.12% flat, min S$10
US Cash: 0.30% flat, min US$20 | UTRADE X: 0.12%, min US$13
HK Cash: 0.25%/0.20%, min HK$100 | UTRADE X: 0.12%, min HK$75
Bursa Cash: 0.50%/0.40%/0.30%, min RM60 | UTRADE X: 0.12%, min RM60
Thailand Cash: 0.50%, min THB700 | UTRADE X: 0.12%, min THB700
UK Cash: 0.35%, min GBP25 | UTRADE X: 0.12%, min GBP25
Canada Cash: 0.50%, min CAD30 | UTRADE X: 0.12%, min CAD30
SH/SZ-HK Connect: 0.25%, min CNY80

Stock Etf Commission

SGX stocks/ETFs: 0.275% to 0.12% depending on account tier
Cash Account minimum: S$25 per SGX trade
UTRADE Plus minimum: S$10 per SGX trade
US stocks/ETFs: 0.30% (Cash) or 0.12% (UTRADE X)
HK stocks/ETFs: 0.25%/0.20% (Cash) or 0.12% (UTRADE X)
REITs, warrants, DLCs all at standard equity commission rates
SGX clearing fee: 0.0325%, trading access fee: 0.0075%

Financing Rates

CFD Equities SG: 6.50% p.a. (long), min 3% (short)
CFD Equities US: 7.50% p.a. (long), min 3% (short)
CFD Equities HK: 7.80% p.a. (long), min 3% (short)
CFD 10 SG: 0% for first 10 days, then 4.75% p.a.
CFD Indices: Benchmark rate +/- 3.5% for overnight positions
Share Margin Financing: Contact UOBKH for current rates

Margin Interest Rate

Share Margin Financing: Contact UOB Kay Hian for prevailing rates
CFD margin: 10% initial margin (10x leverage) for key component stocks
Margin call at 100% ratio, force liquidation at 140%

Overnight Fees

CFD Equities SG: 6.50% p.a.
CFD Equities US: 7.50% p.a.
CFD Equities HK: 7.80% p.a.
CFD 10: Free for first 10 days, then 4.75% p.a.
CFD Indices: Benchmark +/- 3.5% (e.g. SOFR +/- 3.5% for US indices)

Non Trading Fees

SGX Clearing Fee: 0.0325% (structured warrants: 0.05%, max S$200)
SGX Trading Access Fee: 0.0075%
SGX Settlement Instruction Fee: S$0.35 per SI
In-House Custody Fee: S$2.00 per counter (foreign shares)
GST: 8% on brokerage fees and other charges
Unit Trust platform fee: 0.125% quarterly

Deposit Fee

PayNow: Free
GIRO (DBS/POSB, UOB, OCBC): Free
EPS via ATM/Internet banking: Free
Bill payment via DBS/POSB, UOB, StanChart, HSBC: Free

Withdrawal Fee

Contact UOB Kay Hian for withdrawal/remittance fees
Trust account maintained with UOBKH available for settlement

Inactivity Fee

No inactivity fee documented
In-house custody fee of S$2/counter applies for foreign holdings

Currency Conversion Fee

Included in trade execution at prevailing rates
Multi-currency settlement available for SGD, USD, HKD, MYR, GBP, CAD, THB, AUD, CNY

Data Feed Fees

CFD SG live prices: Free
CFD HK live prices: HKD120/month
CFD US live prices: USD3/month
CFD AU live prices: AUD25/month
Other market data: Contact UOBKH for fees

Order Modification Fee

No order modification fees documented

Vip Fee Tiers

No formal VIP tier programme
Three account types offer progressively lower rates
UTRADE X and Plus require cash upfront for lower rates
Offline/advisory rates are negotiable for larger volumes

UOB Kay Hian

Overview

Pros

Cons

Key Highlights

Key Benefits

Available Tools

Detailed Information

Related Products

Pros

Cons