Interactive Brokers vs UOB Kay Hian

Interactive Brokers vs UOB Kay Hian Comparison Table 2023
Interactive Brokers Review 2023 UOB Kay Hian Review 2023
4.3

Interactive Brokers is #13 in our CFD broker rankings.

Not Yet Rated
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Traders use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.

UOB Kay Hian is a regulated, Malaysian broker with a range of investment and trading products offered at competitive prices.

Comment by Reviewer
"Serious traders seeking a regulated broker with unparalleled access to stock markets should look at IB. Their range of stocks can't be beaten."
Pros
  • Gives retail traders unmatched access to global stocks with tens of thousands available from 100+ market centres in 24 countries
  • Direct market access, including to the FTSE 100 index, the CAC 40 and Germany’s DAX 40
  • You can trade from multiple account types, such as IRA, single registered, joint
  • Proprietary workstation comes with powerful tools and charting capabilities
  • Regulated by some of the world's most reputable bodies including in US
  • You have a reliable real-time market data feed, that rarely goes offline
  • Diverse payment options and account currencies
  • Commission reimbursement with Toggle AI
  • Low commissions and tight spreads
Cons
  • Due to the pricing structure, this firm can be more expensive for aggressive traders who trade over $100,000 shares a day
  • Platform and web interface are complex and difficult for beginners to pick up
  • Accessing products like CFDs is not straightforward compared to competitors
  • The TWS platform falls short in terms of technical charting
  • Mediocre customer support
Instruments
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants Stocks, Futures, CFD, Forex, ETFs, REITs
Demo Account
Yes No
Minimum Deposit
$0 $3000
Trading Platforms
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • Own
Payment Methods
Minimum Trade
$100 0.01 Lots
Regulator
SEC, FCA, IIROC, SFC MAS
Margin Trading
Yes Yes
Margin Rate
1.55 - 2.59%
STP Account
Yes No
ECN Account
No No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android and Windows iOS & Android
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. UOB Kay Hian clients can purchase leveraged CFDs on more than 500 equities and indices.
Leverage
1:50 1:20
FTSE Spread
0.005% (£1 Min) Variable
GBPUSD Spread
Commission (.20 pts x trade value) Variable
Oil Spread
N/A Variable
Stocks Spread
From 0.003 per share, variable Variable
Forex Trading
Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. UOB Kay Hian supports trading in over 30 currency pairs with tight spreads and sophisticated analysis tools.
GBPUSD Spread
Commission (.20 pts x trade value) Variable
EURUSD Spread
Commission (.20 pts x trade value) Variable
EURGBP Spread
Commission (.20 pts x trade value) Variable
Assets
70+ 30
Cryptocurrency
Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. Crypto trading not offered
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Interactive Brokers
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UOB Kay Hian
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