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UOB Kay Hian / UTRADE – A Beginner’s Guide to UOB Investment Platform (2018)

UOB Kay Hian (UTRADE)

Joanne Poh

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To invest in stocks in Singapore, you need to sign up for a brokerage account. You will make all your trades through the brokerage, paying them a commission for the favour. But how do you choose among the different options out there?

Among the many options in Singapore, UOB Kay Hian is one of the most popular brokerages here, and their online stock trading platform is called UTRADE. Let’s see what they’re all about.

 

How does UOB Kay Hian / UTRADE work?

Nowadays, most people execute their trades online, which is why brokerages usually have some kind of online platform that lets you check prices and execute trades.

UOB Kay Hian’s online trading platform, UTRADE, lets you do just that for stocks. This means you can now buy and sell shares as easily as you can shop on Redmart.

You can trade the following through UOB Kay Hian:

  • Stocks
  • Contracts for Difference (CFDs)
  • Forex
  • American Depository Receipts (ADRs)
  • Bonds
  • Company warrants
  • Exchange Traded Funds (ETFs)
  • Structured warrants
  • Unit trusts

With the UTRADE platform, you can do the following:

  • Execute secure trades
  • Research stocks using the fundamental analysis tool
  • Learn about strategies, patterns and indicators using the technical analysis tool
  • Receive alerts on stocks
  • Read news, research reports and trading insights
  • Trade on your smartphone with their mobile app
  • Measure your profits or losses with their calculator

Besides the UTRADE platform, UOB Kay Hian also offers the following services:

  • Broker-assisted trading
  • Investor centres
  • YieldMax accounts (leverage product)
  • Margin financing
  • Custodian services

 

UOB Kay Hian commission & fees

For most small-time investors, the deciding factor when choosing a brokerage is how much it costs. All traders collect a trading fee for every trade performed.

For UOB Kay Hian, each time you execute an online trade via the UTRADE platform, the following fees apply:

Trading amount (S$) Commission
Up to $50,000  0.275%
$50,000 to $100,000 0.22%
Above $100,000 0.20%

There is a minimum trading fee of $25 per trade.

You will also have to paying the following fees, which all traders regardless of brokerage must pay:

Additional fees
Clearing fee imposed by CDP 0.0325%
SGX trading fee 0.0075%

 

UOB Kay Hian promotions

Right now, there aren’t any real promotions in the same vein as those buy-2-get-1-free deals on Dove Soap you see at supermarkets.

And if you attend UOB Kay Hian’s free seminars at their investor centres, you get free food. That’s got to count for something, right?

However, earlier this year from 2 Apr to 30 Jun, they carried out a promotion where you get 25 bonus points for every 4 online SGX trades within the same month. They also gave users real time data of US markets and 100 free snapshots of real-time quotes.

But that promotion has ended, so currently, UOB Kay Hian trading clients can only be part of their rewards programme. You earn 1 reward point for every dollar paid as brokerage fee. The points are valid for 2 calendar years and can be used to redeem rebates and assorted rewards.

 

UOB Kay Hian account opening procedure

Fill in the UOB Kay Hian account opening online form and a customer service officer will assist you with the account opening procedure.

Otherwise, you can turn up at one of their Investor Centres (open from Mon to Fri from 8:30am to 6pm) and open your account in person. Don’t forget to bring along the following:

  • Your IC
  • Your latest income document (e.g. pay slip or IR8A)
  • Your last 3 months’ bank statements
  • Bank account information if you are applying for GIRO or EPS
  • Your CDP account number if you have one
  • Your taxpayer identification number details

 

UOB Kay Hian address & contact details

UOB Kay Hian head office:
8 Anthony Road, #01-01
Singapore 229957
Tel: +65 6536 9338

UOB Investor Centre (Raffles Place):
39 Circular Road
Singapore 049395
Tel: +65 6236 1919

UOB Investor Centre (Bedok):
Blk 214 Bedok North St 1
#01-187
Singapore 460214
Tel: +65 6876 1919

UOB Investor Centre (Jurong East):
Blk 134 Jurong Gateway Road
#01-311
Singapore 600134
Tel: +65 6665 1919

Have you ever traded with UOB Kay Hian? Share your reviews in the comments.

 

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Joanne Poh

In my previous life, I was a property lawyer who spent most of my time struggling to get out of bed or stuck in peak hour traffic. These days, as a freelance commercial writer, I work in bed, on the beach, in parks and at cafes, all while being really frugal. I like helping other people save money so they can stop living lives they don't like.