Singapore’s largest stock broker offers a wide range of Asian markets for online and broker-assisted trading. However, I haven’t received much feedback about this firm and my impression when looking for a Singapore stock broking account was that it probably the weakest of all the major Singapore brokers from an international perspective.
The firm doesn’t provide the same amount of information on its services and charges upfront, which is frustrating when trying to compare accounts. Customer service staff tried to be helpful, but seemed less well informed than staff at most of its rivals. Unless you have a particularly compelling reason to favour this firm, international investors looking for a Singapore brokerage account should probably consider OCBC Securities and Phillip Securities first.
Online trading | Hong Kong, Malaysia, Singapore, USA |
Telephone trading | Australia, Canada, China B, Indonesia, Japan - Tokyo, New Zealand, Philippines, Taiwan, Thailand, UK |
Typical online | min ~S$15-35 |
Online details | Hong Kong 0.375% (min HK$100), Malaysia 0.5% (min MYR70), Singapore up to 0.275% (min S$25), USA 0.35% (min US$25) |
Typical telephone | min ~S$15-unknown |
Telephone details | Hong Kong 0.5% (min HK$100), Malaysia 0.75% (min MYR80), Singapore up to 0.5% (min S$40), USA 0.5% (min US$50), for others consult broker |
Account fees and inactivity fees | None |
Custody charges for stocks | Non-Singapore shares: custody charge of S$2 per holding per month, if fewer than two trades in month or six trades in quarter (max S$200 per quarter) |
Dividend charges | 1% of net value (min S$1, max S$100) for dividends |
Corporate action charges | Not stated |
Currency conversion charges | Not stated |
Hold cash in foreign currencies | Yes |
Currencies allowed | HKD, MYR, SGD, USD |
Tax-advantaged accounts | CPF, SRS |
Other products and services | Bonds |
Minimum account size | None |
Company location | Singapore |
Further information | Go to the UOB Kay Hian website |
Compare UOB Kay Hian with another broker