Broker profile

UOB Kay Hian

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.

Markets available
Online tradingHong Kong, Malaysia, Singapore, USA
Telephone tradingAustralia, Canada, China B, Indonesia, Japan - Tokyo, New Zealand, Philippines, Taiwan, Thailand, UK
Dealing commissions and charges
Typical onlinemin ~S$15-35
Online detailsHong 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 telephonemin ~S$15-unknown
Telephone detailsHong 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
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksNon-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 charges1% of net value (min S$1, max S$100) for dividends
Corporate action chargesNot stated
Currency conversion chargesNot stated
Hold cash in foreign currenciesYes
Currencies allowedHKD, MYR, SGD, USD
Other details
Tax-advantaged accountsCPF, SRS
Other products and servicesBonds
Minimum account sizeNone
Company locationSingapore
Further information

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