UOB Kay Hian Review
UOB Kay Hian is a Singapore-based broker that has been in the market for almost 20 years. Representative offices are opened in Singapore, Thailand, Malaysia, China, Indonesia, Hong Kong, Great Britain.
The activity is controlled by a financial regulator – MAS (the Monetary Authority of Singapore), which licensed this company. The bank checks the work of all financial organizations in Singapore. Its decisions are mandatory for all market participants.
Trading conditions:
- Execution model: NDD;
- deposit: $0;
- Deposit currency : USD – US Dollar, SGD – Singapore Dollar
- Scalping: yes;
- Hedging: yes;
- Trading 24 hours a day;
- Stock trading with a broker – SGX, Bursa, HKEx and US shares are traded through the UTRADE Web platform. SGX shares through UTRADE Mobile;
Settlement Period depends on the country, and settles 1 – 2 days. In the case of transactions made in the markets of Hong Kong, Hong Kong, Shanghai, Shenzhen, Malaysia and the United States, if the due date falls on holidays in Singapore, the cash will be calculated on the next business day (ie, due date + 1 business day)
Trading platform
UOB Kay Hian offers the very popular trading platform MetaTrader 4 (MT4) and its own platform UtradeFX Elite. It supports NDD trading, offers 44 pairs of forex and instant order execution. According to WOBKH, the platform is based on the Currenex Viking platform.
UTRADE platform features
- Execution of secure transactions;
- Tracking strategies, indicators using the technical analysis tool;
- The use of economic calculator;
- Stock research using fundamental analysis tool;
- Receive alerts on stocks;
- News block and research and trading ideas reports;
Promotion’s
The broker has many different bonus programs aimed at different trading instruments. What can not but rejoice. The bonus program itself is loyal to all traders, and allows you to receive not only bonuses but also cashbacks.
Account Registration
The procedure for opening an account in UOB Kay Hian
All you have to do is fill out an online account opening form at UOB Kay Hian, and a friendly customer service specialist will assist you with the procedure for opening an account.
Identification documents:
- Current copy of NRIC.
- Bank account information if you are applying for GIRO or EPS.
- CDP Account Number (Note: Click here to learn how to open a CDP account!).
- Recent income documents (for example, payment receipt or IR8A tax form).
- Last 3 months bank statements.
- Taxpayer identification number details.
Education and Analytics
Broker has various sites by country Singapore, Hong Kong, Indonesia, Malaysia, Thailand. Each site has a schedule of seminars that are available to customers. There is also a fairly large FAQ.
The company does not provide any other manuals. UOB Kay Hian is aimed at experienced traders.
Support
The online chat is open from 8:30 am to 6:00 pm (Monday through Friday, except public holidays), Singapore time.
