Backed by the UOB Group, UOB Kay Hian is one of Asia’s largest brokerage firms. Headquartered in Singapore, we are supported by more than 80 branches worldwide including a growing network of offices across Southeast Asia, Greater China, the United Kingdom and North America.
UOB Kay Hian Information
UOB Kay Hian, rated three stars on WikiStocks, offers a variety of trading services with relatively competitive commission fees: 0.15% for HK stocks, 0.18% for US stocks, and $7 for US stock options.
They provide interest on uninvested cash at 1.89% and offer a range of trading platforms such as UTRADE Equities, UTRADE Futures, and UTRADE Stock Options.
Although they do not charge account fees, the lack of promotional offers and the presence of a recent fraud incident in Taiwan are notable drawbacks.
Pros & Cons
Pros
UOB Kay Hian offers several advantages. It is regulated by the Securities and Futures Commission (SFC), ensuring a high level of oversight and security. The platform features low commissions at 0.15%, making it cost-effective for traders. It also provides various trading platforms, including UTRADE Equities, UTRADE Futures, and UTRADE Stock Options, meeting different trading needs. Additionally, UOB Kay Hian supports multiple tradable securities, such as bonds, CBBC, custodian services, equities, ETFs, and futures. The detailed fee structure adds transparency and helps users understand the costs involved.
Cons:
However, there are some drawbacks. UOB Kay Hian asks for trade fees for many products, which increases the overall trading costs for users. Customer support is only available during business hours, from 9 am to 5 pm, and is closed during off-times and weekends, which could be inconvenient for traders needing assistance outside these hours.
Is UOB Kay Hian Safe？
Regulations:
UOB Kay Hian is regulated by the Securities and Futures Commission (SFC) of Hong Kong, an independent statutory body established in 1989. The SFC is responsible for regulating Hong Kong's securities and futures markets, ensuring their integrity and soundness. UOB Kay Hian operates under the license number AAW261, which indicates that it adheres to the strict regulatory standards set by the SFC, providing a level of security and trust for investors.
Funds Safety:
UOB Kay Hian ensures the safety of client account funds through measures and is regulated by the SFC, which adds a layer of security. Clients' funds are held in segregated accounts, which means that client funds are kept separate from the company's own funds. This segregation helps protect client funds in the event of financial difficulties faced by the broker, ensuring that clients' investments are safe.
Safety Measures:
UOB Kay Hian employs advanced encryption technologies to secure the storage of funds and protect user information from potential breaches. The broker also implements various account safety measures to prevent the leakage of user information, ensuring that clients' personal and financial data remain confidential and secure. These measures contribute to the overall safety and reliability of UOB Kay Hian as a trading platform.
What are securities to trade with UOB Kay Hian？
UOB Kay Hian offers a wide range of securities for trading, satisfying diverse investment preferences.
Bonds:
UOB Kay Hian allows clients to invest in bonds, which are fixed-income securities providing regular interest payments and return of principal at maturity. Bonds are a reliable investment option for those seeking stable returns and lower risk compared to equities.
Equities:
Trading in equities or stocks is a primary service offered by UOB Kay Hian. Investors can buy and sell shares of publicly listed companies, aiming for capital appreciation and potential dividends, making it a core option for growth-oriented portfolios.
ETFs:
Exchange-Traded Funds (ETFs) are available for trading, providing a way to invest in a diversified portfolio of assets that track specific indices. ETFs combine the benefits of mutual funds and the flexibility of stock trading.
Futures:
UOB Kay Hian offers futures trading, allowing clients to buy and sell contracts for commodities, indices, and other assets at predetermined prices. This provides opportunities for hedging and speculation on future price movements.
Stock Options:
Clients can trade stock options, which are contracts giving the right, but not the obligation, to buy or sell a stock at a specific price before a certain date. Options trading can enhance portfolio strategies through hedging or leveraging positions.
CBBC:
Callable Bull/Bear Contracts (CBBC) are leveraged products that allow investors to capitalize on the short-term movements of underlying assets. They provide high risk-reward opportunities due to their leveraged nature.
OTC Products:
Over-the-Counter (OTC) products are available, offering customized financial instruments traded directly between parties. These products can include derivatives and structured financial products tailored to specific investment needs.
Warrants:
Warrants are securities that give the holder the right to purchase the underlying stock at a specific price before the expiry date. They provide leverage and potential for significant gains with relatively low investment.
IPO Subscription:
UOB Kay Hian facilitates IPO subscriptions, allowing clients to participate in the initial offering of shares in new public companies. This provides early investment opportunities in potentially high-growth stocks.
UOB Kay Hian Fee Review
UOB Kay Hian offers competitive fees across various trading services, including low commission rates for stocks, waived platform fees, margin trading, and extensive price quote services.
HK Stocks / China Stock Connect:
For self-serviced clients trading online, the fee is 0.15% with a minimum of HKD 75 or RMB 75. Platform fees are waived. Margin trading is available for up to 80% of nearly 800 Hong Kong stocks and over 400 A-Shares, with competitive interest rates.
US Stocks:
Self-serviced clients trading online are charged 0.18%, with a minimum of USD 20, and platform fees are waived. Margin trading is available for up to 80% of over 1,000 US stocks, also with competitive margin interest rates.
Singapore Stocks:
For self-serviced clients trading offline, the fee is as low as 0.25%, with a minimum of SGD 40.
IPO Subscription:
Self-serviced clients, both online and offline, are charged HKD 100 per subscription. Competitive margin interest rates are offered for IPO subscriptions.
Grey Market Trading:
Self-serviced clients trading offline are charged 0.25%, with a minimum of HKD 100.
HK Stock Options:
For self-serviced clients trading online, the fee is 0.175% of the contracted value, with a minimum of HKD 80. Platform fees are waived.
US Stock Options:
Self-serviced clients trading offline are charged USD 7 per contract, with a minimum of USD 25 per order.
HK Futures:
For self-serviced clients trading online, the fee is as low as HKD 12 for day trades and HKD 18 for overnight trades. Support is available for both desktop and mobile trading.
Global Futures:
Clients can trade across 11 international markets with 24-hour trading support, with fees as low as USD 3.8 for self-serviced clients trading online. Platform fees are waived.
Bonds:
The handling fee is 0.35% of the transaction value, with no fees for redemption at maturity or dividend/interest collection. More than 1,000 bonds are available with competitive pricing.
Funds:
The fund subscription fee is as low as 0.75%. Transfer-in fees are waived, providing an extensive range of funds for investment.
Price Quote Services:
For the HK market, real-time streaming (Lv1) costs HK$85/month, real-time snapshot (L3) costs HK$338/month, and real-time snapshot with 10 price levels and broker's queues costs HK$25 per 200 quotes. A-Shares real-time snapshot is free, while US markets real-time streaming costs USD 10/month.
Other Fees:
Overdue interest rates vary by account type: Securities Cash Account (P+3.5%), Securities Margin Account (P+2%), Stock Options Account (P+3.5%), and Futures Account (P+3.5%). Remittance fees include HKD 100 for CHATS and HKD 270/USD 35 for telegraphic transfers. Physical statements cost HKD 10/month, while regenerating daily/monthly statements within 3 months is free, and over 3 months costs HKD 200 each.
UOB Kay Hian Trading Platform Review
UOB Kay Hian offers trading platforms for equities, futures, and stock options, each equipped with tools and features for an intuitive and rewarding trading experience.
UTRADE Equities:
UTRADE Equities offers a set of trading tools aimed at making the process of trading equities both satisfying and intuitive. The platform provides users with advanced charting tools, real-time market data, and customizable trading interfaces, allowing for a personalized and efficient trading experience. The platform is designed to attract both novice and experienced traders, ensuring that all users can navigate the equity markets with ease and confidence.
UTRADE Futures:
UTRADE Futures grants access to 12 local and global futures exchanges, providing a broad selection of products to trade. This platform allows traders to diversify their portfolios by engaging in various futures contracts, including commodities, indices, and more. The platform supports both desktop and mobile trading, ensuring that users can monitor and execute trades around the clock with 24-hour trading support. The variety of future products available enables traders to exploit different market conditions and strategies.
UTRADE Stock Options:
UTRADE Stock Options equips traders with a suite of powerful tools, efficient data, and advanced order types to effectively hedge their portfolios and implement sophisticated trading strategies. The platform supports both desktop and mobile trading, allowing users to access and manage their options trades from anywhere. With features like real-time data, advanced charting, and various order types, UTRADE Stock Options ensures that traders have the necessary resources to make informed decisions and optimize their trading performance.
Research & Education
UOB Kay Hian offers research reports and educational seminars to help investors stay informed and make better investment decisions.
Research:
UOB Kay Hian provides research services for both Hong Kong and global markets. For Hong Kong and China markets, they offer a Retail Market Monitor, providing daily reviews, stock picks, and market news. They also provide Technical Analysis reports on HK stocks, IPO factsheets for upcoming listings, and a Weekly Forecast Video offering market commentary in Cantonese. Additionally, the Greater China Daily update includes assessments of market sentiment, sector analysis, and stock picks. For the global markets, UOB Kay Hian offers Technical Analysis on US stocks, daily forecasts and stock reports covering over 60 industries provided by Refinitiv, and Regional Morning Notes for daily updates on market sentiment and stock picks.
Education:
UOB Kay Hian also hosts educational seminars and webinars to help investors stay informed and make better investment decisions. Upcoming events include the Q3 Investment Outlook: Diversified Asset Allocation and ETF Strategies, and the CIO Series: Adapting Our China Strategy to the New Normal. These seminars are presented by industry experts such as Mr. Desmond Law, Vice President of Asset Management at CSOP, and Qi Wang, Chief Investment Officer of Wealth Management at UOB Kay Hian (HK), and are offered for free to registered participants.
Tools
Real-time Streaming:
View streaming stock quotes, broker queues, financial news, professional commentary, tips, and rumors in real-time.
Real-time Snapshots:
Get real-time stock prices at your fingertips and stay informed about the most updated market movements.
Customer Support
UOB Kay Hian provides customer support through various channels.
Their main Client Services Hotline is available from 9:00 am to 6:00 pm, Monday to Friday, at +852 2136 1818, and is closed on weekends and Hong Kong public holidays.
For night futures and US trading, a 24-hour service hotline is available at +852 2826 4888, and bond inquiries can be directed to +852 2826 4819.
Customers can also reach out via email at clientservices@uobkayhian.com.hk for general inquiries, and compliance@uobkayhian.com.hk for complaints.
Complaints are acknowledged within 7 calendar days and resolved within 30 calendar days, with updates provided if more time is needed. The head office is located at 6/F Harcourt House, 39 Gloucester Road, Hong Kong, with several branch offices available for in-person visits.
Conclusion
UOB Kay Hian is a brokerage firm regulated by the Securities and Futures Commission of Hong Kong, offering a wide range of trading platforms, competitive fees, diverse securities, and robust research and educational resources.
It ensures client fund safety through segregated accounts and advanced security measures, providing reliable customer support and extensive market access for investors.
FAQs
- What are the trading platforms offered by UOB Kay Hian？
UTRADE Equities, UTRADE Futures, and UTRADE Stock Options.
- How can I contact UOB Kay Hian for customer support？
You can call +852 2136 1818 or email clientservices@uobkayhian.com.hk.
- What are the trading fees for HK and US stocks？
HK stocks: 0.15% (min. HKD 75), US stocks: 0.18% (min. USD 20), with platform fees waived.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
