UOB Kay Hian Review 2024

2.5 / 5
UOB Kay Hian is #108 in our CFD broker rankings.

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

CFDs, Forex, Stocks, ETFs, Futures
Wire Transfer

Forex Trading

UOB Kay Hian supports trading in over 30 currency pairs with tight spreads and sophisticated analysis tools.

CFD Trading

UOB Kay Hian clients can purchase leveraged CFDs on more than 500 equities and indices.

UOB Kay Hian is a Malaysian broker that specialises in forex but has a wide range of markets that users can trade. This review will discuss details on the firm’s history, its focus on investor relations, the platforms and assets on offer, its pricing structure and more. Find out whether to start trading with UOB Kay Hain today.

UOB Kay Hian Headlines

UOB Kay Hian Holdings Ltd is an investment bank and brokerage firm based in Asia, though the company also has expanded to acquire branches across the globe in Toronto, Canada, London, the UK and New York, the USA. The seven main Asian offices are in Hong Kong (HK), Jakarta, Indonesia, Kuala Lumpur and Bukit Mertajam, Penang, Malaysia, Shanghai, China, Manila, the Philippines, Bangkok, Thailand and Singapore, where the UOB Kay Hian head office is.UOB Kay Hian Review 2021

The three UOB Kay Hian Holdings Ltd shareholders who have the largest number of ownership shares are Tye Hua Nominees Private Ltd, U.I.P Holdings Ltd and UOB Kay Hian Private Ltd.

The broker offers trading services on a range of assets, including stocks, bonds, futures and CFDs, for both retail and institutional clients, though the primary focus is on forex. UOB Kay Hian’s market cap is over $1 billion and the share/stock value and financial results can be checked on sites like TradingView. The broker is also one of the few Singaporean brokers that offer stop-limit orders on US stocks, allowing users to set a target price to limit losses.

Brief History

Launched at the beginning of the 20th century by Khoo Kay Hian, the then-called Kay Hian & Co (Pte) traded commodities and securities. The firm was one of the founding members of the Stock Exchange of Malaysia and Singapore. Kay Hian & Co (Pte) was incorporated as a private company in 1970 and became a member of the stock exchange following the splitting of the Stock Exchange of Malaysia and Singapore. In 1981, the current CEO Wee Ee-Chao joined the company as Managing Director and was later promoted to Chairman in 1996.

In 2001, Kay Hian & Co (Pte) was renamed UOB Kay Hian Holdings Ltd following a merger with UOB Securities Pte Ltd and The United Overseas Bank Group. During the years following the turn of the new millennium, UOB Kay Hian merged with the corporation United Mok Ying Kie Ltd and acquired sales bases of Credit Suisse First Boston and JM Sassoon, amongst others. Recently, in 2019, UOB Kay Hian bought and transferred the remisier base from DBS Vickers.

Platforms & Markets


UTRADE is UOB Kay Hian’s main platform, where users can trade ETFs, forex, stocks, CFDs, bonds, and Unit Trusts. UTRADE has a range of advanced features, including automated trading support, customisable indicators, charting tools, stock scanners, integrated screeners and graphical analysis objects. Creating an account with UOB Kay Hian on the UTRADE platform is free and there is no minimum deposit, making it highly accessible and competitive.

The assets supported by the UTRADE platform include:

Mobile App

There is a UTRADE mobile trading app available on both Apple iOS and Android APK devices. The app can be downloaded by either scanning QR code links on the UOB Kay Hian website or searching application stores.

UOB Kay Hian CDS account login malaysia
UTRADE Mobile Platform

The UTRADE mobile app has a simple interface with real-time market information, account management, trading charts and integration with the ChartGenie, ShareXplorer and Stock Screener tools.


There are several account options on UOB Kay Hian that provide different benefits and serve different purposes. The client onboarding process involves filling out a form to specify the account type and whether it is a joint account or not.

Securities Trading

The most basic trading account provides users access to equities, bonds, unit trusts, ETFs and other products in any of the Singapore, Hong Kong, Malaysia and US markets


This UOB Kay Hian account offers lower commission and fees than the Securities Trading account. Users with a UTRADE Edge account have access to markets in Singapore, Hong Kong, Malaysia and the USA.


This is similar to the UTRADE Edge account, users must pay cash up front before making any trades. The key difference is that the fees and commission are lower than the Edge account and that users may only trade in SGX.

Payment Methods

To make a deposit in Singaporean dollars (SGD), users have several options. Options include cheques, GIRO form, EPS, bank transfers and internet banking bill payments, though the most convenient is through the PayNow system. This is a quick and easy way to make deposits as the funds are transferred almost instantly and at no extra cost. The process is simple as you can either type in UOB Kay Hian’s UEN into your mobile banking app or simply scan the QR code on their website. It is important to note that not all banks will allow you to use PayNow, so you should check to see the list of participating banks on UOB Kay Hian’s website.

If you are making a payment in CAD, GBP, CNY or EUR then you can only use a Telegraphic Transfer. Payments in USD can be made either through Telegraphic Transfer or by cheque.

Trading Fees

UOB Kay Hian clients are charged various online trading fees depending on location, account type, trading form and instrument. For example, the brokerage fee structure for Singapore is as follows:

Margin Account

Edge Account

Plus Account


UOB Kay Hian has a number of promotions running. For example, clients can get ETF cashback thanks to a partnership with Bursa Malaysia and another bonus with Endowus Cash Smart provides users with up to 2% additional earnings per annum.

Customer Support

There is an extensive customer support service in place with teams of experienced traders and staff that users can contact either via hotline phone call or email between 08:30 and 17:30 SST during the day or between 22:00 and 02:00 SST for the night desk, Monday to Friday.

For all users, there is a personalised service with dedicated training teams that give one on one consultations and strategy advice as well as recommendations for alpha stock and share picks for trading. This is at the advice of business analysts like David Tay and Vincent Khoo.

Additionally, there are regular webinars and training sessions that provide a great opportunity for traders of all experience levels to learn more about different markets and hone their craft. There are also user guides for UTRADE, CFDs and LFX (leveraged foreign exchange) accessible through the FAQs section of the website.

To keep up to date with any news, such as quarterly and annual reports, announcements, financial reports and statements, annual dividend yields (including 2021) or other information, you can follow websites and social media channels like YouTube and Facebook or financial forums like Lowyat.

Regulation, Safety & Security

UOB Kay Hian is a legitimate broker that is licenced with the Monetary Authority of Singapore, which guarantees insurance and protection for users and their capital. Regulation by the MAS means that UOB Kay Hian is required to have certain protective measures in place, such as firewalls with safety checks, data encryption, an intrusion detection system and unique user IDs and passwords.

Traders can be assured that their investments are safe as their funds are placed in segregated trust accounts and there are account security features like 2FA for login attempts and transactions in addition to a system similar to ‘know-your-customer’, whereby users must submit personal ID documentation when opening an account.

If you believe your account may be compromised then you should contact UOB Kay Hian and reset your password. Additionally, users should try to avoid scams and phishing attempts by checking that any contact they receive from the broker has the correct credentials, such as the logo and email address. It is also important that you never give out your trading pin and, if you need to log into your account, go through the correct UOB Kay Hian webmail and website.

UOB Kay Hian update address and account login
UTRADE Platform



UOB Kay Hian Verdict

UOB Kay Hian boasts a wide range of platforms, resources and trading instruments that provide its customers with competitive access to global financial markets.With many asset types, relatively cheap pricing, mobile trading support and several avenues of educational content and market analysis, the broker is a good choice for all levels of experience.


What Are The Malaysian UOB Kay Hian Offices Near Me?

As well as the offices in Kuala Lumpur and Penang, there are additional branches in Kuala Terengganu, Kota Bharu, Kota Kinabalu, Johor Jaya, Kulai and Ipoh. If you wish to only trade online in Malaysia, then you can simply login to your account on the Utrade platform.

How To Withdraw Money?

The withdrawal process on UOB Kay Hian is very simple, you just log in to your account on the UTRADE platform, go to the ‘account’ tab, then to ‘trust’ and finally ‘withdrawal’ – ensure you have the correct bank account number and details for the money to withdraw to. Another option is to contact your local dealer directly.

What Are The Other UOB Group Subsidiaries?

Under the UOB Group umbrella, there is also the UOB Kay Hian Credit (m) Sdn Bhd, UOB Kay Hian Securities (m) Sdn Bhd, UOB Kay Hian Research (Pte) Ltd, UOB Kay Hian Wealth Advisors Sdn Bhd, UOB Kay Hian Nominees (Asing) Sdn Bhd, UOB Kay Hian (U.K.) Limited, UOB Kay Hian (U.S.) Inc. and UOB Kay H ian (HK) Ltd.

Where Can I Find Information About The UOB Board Of Directors?

Look at the broker’s website for UOB Kay Hian directors and management team info. You can also see LinkedIn profiles with employment history for directors such as Desmond Yeo or executive director Lim Seng Bee.

Can I Read UOB Kay Hian Glove Research Reports?

You can read glove analyst reports commissions by UOB Kay Hian on SGinvestors.io.

Top 3 Alternatives to UOB Kay Hian

Compare UOB Kay Hian with the top 3 similar brokers that accept traders from your location.

  1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.

  2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.

  3. AvaTrade – AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

UOB Kay Hian Comparison Table

Compare UOB Kay Hian With Similar Brokers
UOB Kay Hian IG Interactive Brokers AvaTrade
Rating 2.5 4.4 4.3 4.9
Markets CFDs, Forex, Stocks, ETFs, Futures CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
Demo Account No Yes Yes Yes
Minimum Deposit $3000 $0 $0
Minimum Trade 0.01 Lots 0.01 Lots $100 0.01 Lots
Education No Yes Yes Yes
Platforms Own Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Leverage 1:20 1:30 (Retail), 1:250 (Pro) 1:50 1:30 (Retail) 1:400 (Pro)
Payment Methods 1 6 6 13
Visit Visit Visit Visit Visit
Review IG
Interactive Brokers

Compare Trading Instruments

Compare the markets and instruments offered by UOB Kay Hian and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare UOB Kay Hian Trading Instruments
UOB Kay Hian IG Interactive Brokers AvaTrade
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities No Yes Yes Yes
Oil No Yes No Yes
Gold No Yes Yes Yes
Copper No Yes No Yes
Silver No Yes No Yes
Corn No No No Yes
Crypto No Yes Yes Yes
Futures Yes Yes Yes Yes
Options No Yes Yes Yes
ETFs Yes Yes Yes Yes
Bonds No Yes Yes Yes
Warrants No Yes Yes No
Spreadbetting No Yes No Yes
Volatility Index No Yes No Yes

UOB Kay Hian vs Other Brokers

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