Hi all, any comment on UOB Kay Hian ?

Was told that their rate is

Cash upfront : 0.1% min RM8
Collaterized : 0.3% (<RM100k), 0.2% (>RM100k), 0.1% (Intraday) min RM8

Is this rate good ? I checked i3, its the lowest rate for contra acc. Is there any broker provide lower than that ?

Mplus. 0.05% or min RM8

That is for Cash Upfront account only right ? How about Contra acc over M+ ? What is the credit/leverage and brokerage ?

Yes, Its the lowest brokerage contra acc at this moment. If you are UOB Bank Client you are entitle to get 0.28% (<RM100k), 0.18% (>RM100k), 0.08% (Intraday) min RM8

Does you mean in order to open UOB Kay Hian trading acc, we must have a bank acc with UOB Bank ?

M+ is much cheaper... check the terms Min RM8 properly with uob.

it differs from M+

Hi Elea88, don't really get what you mean. Can give some idea?
Newbie here.

for UOB:

If your purchase value 2000x0.3%)= RM6. Brokerage charges will be Rm8

If your purchase value RM5000x0.3%=RM15)
Your brokerage charge will be RM15 and not RM8.00


however with M+ is RM8 if purchase up to RM10k. but its on CASH UPFRONT.

UOB give margin against cash & share holding..

so u decide if having higher brokerage with higher margin is what you want.. or
cheaper brokerage with no margin.

i am using both UOB & M+

No. You can open trading acc with UOB Kay Hian without banking acc with UOB Bank.
Just to let you know if you are UOB Bank's client. You entitle abit cheaper rate compare to those non UOB Bank's client.

UOB Kay Hian have 6 trust acc in different bank as below. You can bank into any1 of them whichever convenience to you.
Any of them also provide a small 2.38% interest pa.

UOB Trust Acc:

1) UOB
2) Maybank
3) CIMB
4) RHB
5) Public Bank
6) Hong Leong

Hi Elea88, thx for using UOB Kay Hian as your trading partner.

I think you should not compare to a Cash Upfront acc with a Contra acc.

Cash Upfront from M+
Purchase value RM10k, brokerage = RM8 (0.08% Min RM8)

Cash Upfront from UOB Kay Hian
Purchase value RM10k, brokerage = RM10 (0.1% min RM8)


Contra Acc from M+ (I get the rate from i3)
•0-100k: 0.30%
•>100k: 0.20%
•Intraday: 0.10%
•Minimum: RM10

Collateralised:
•2 x cash collateral + 1 x stocks collateral


Contra Acc from UOB Kay Hian
•0-100k: 0.30%
•>100k: 0.20%
•Intraday: 0.10%
•Minimum: RM8

•3x Cash Collateral, up to 2x Shares Collateral

And I agree with what you said. Its all depend on what type or trader you are.

Happy Trading

hi Edmund...are u dealer /remisier with UOB?

Now make me wonder what account i am having. recently i made this purchase.

purchase amount 5,950.00
brokerage 17.85
stamp duty 6.00
clr fee 1.79
total 5,976.82
gst 1.18...


then mine is what type of account? How come no RM10 or RM8 brokerage?

if i purchase the same 5950 via M+ brokerage is only RM8.00





This post has been edited by elea88: Aug 9 2017, 11:16 AM

Yupe, Im a Dual License Dealer with UOB KH.

From the details that u provide, im sure u are using the COLLATERISED acc(Contra Acc)

Purchase amount : RM5,950
Brokerage(0.3% min RM8) : RM17.85
Clearing (0.03%) : RM1.79
GST 6%(RM17.85+RM1.79) : RM1.18
TOTAL : RM5,970.82



If you are using UOB KH CASH upfront acc (0.1% min RM8)

Purchase amount : RM5,950
Brokerage(0.1% min RM8) : RM8
Clearing (0.03%) : RM1.79
GST 6%(RM8+RM1.79) : RM0.59
TOTAL : RM5,960.38

CASH Upfront account only can buy within the money in trading acc, while Contra acc can buy up to 3x based on the money in acc.

Hope this make you clearer =)

This post has been edited by Edmundlew: Aug 9 2017, 12:22 PM

Thx for the explanation =) =)

Okay. Understood.
Im using Maybank Contra acc at the moment 0.42% Min RM12. Its there any different with UOB KH Contra acc other then the rate ?

Hi Good Day hock0220,

I assume ur Maybank Contra acc 0.42% Min RM12 is a nominees acc with Maybank, not Maybank Investment bank.
UOB KH acc is a Direct CDS Acc.

1) Nominees acc are not entitle to apply IPO while Direct CDS can.
2) Nominees acc will need to pay some charges when company pay dividend. Direct acc will no need to pay those charges.
3) Mostly Nominees acc will not entitle interest for the unused fund in the trading acc (check with your broker). UOB KH giving 2.38% pa for fund inside trust acc.
4) For company AGM/EGM, nominees acc user need to register with your broker before going, Direct CDS's client can go without register.

Hope this make you clearer.

Thx for your helpful info. Where is your branch ? How can I open trading acc with UOB? and What doc needed for account application ?

Pm-ed you my contact =) check inbox

What is a contra account? And intraday?

Contra trading
Intra day

This post has been edited by Ramjade: Aug 25 2017, 12:59 AM

Example Contra/Collaterised account in UOB :

You bank-in RM10k into trust acc, you can buy up to RM30k value of stocks (Leverage 3x of your capital).
Within CONTRA period (T+3), you can just sell your shares without need to bank in the short of RM20k.
If you want to pick up that stocks, you will need to bank-in the RM20k within T+3 period, else will kena force sell in T+4.

Intraday trading mean, Buy & Sell within A DAY
Contra trading mean, Buy & Sell within T+3 days.

Hi Edmund...can PM me...interested to trade using UOBKH....i already have a CDS and existing MBB acc....how to go about it.....thx

Pm-ed. Pls check inbox =)

Edmundlew Can I use a cash upfront account to perform intraday trade?

Yes, Sure you can. You can do whatever trading with Cash upfront acc as long as the transaction value is within then money in u trust acc.

What about the rate, is it the same with margin account?

Cash Upfront acc brokerage is fix at 0.1% min RM8.

Only Collaterised acc rate will have lower rate for INTRADAY as below:

0.3% min RM 8 (<RM100k),
0.2% (>RM100k),
0.1% min RM 8 (INTRADAY)

Pls PM. I have CIMB trading account and Alliance Trading account. Wish to try UOB.

Hi, I wanna know its there a STOP function in UOB KH trading platform ?

At this moment we don't have STOP function, but we have STOCK ALERT function.

The Stop Function is currently at the internal Testing stage, will announce to public when its ready to launch. Cheers =)

hello edmundlew , i wonder what the different UOB kay hian SG & MY account , do you mind explain ?

Would like to ask Utrade will keep the contract history for how long period of time? Thanks

Edmundlew, I have an account with UOB Kay Hian Utrade. I would like to suggest adding fingerprint login mechanism for the App and also include deposit + withdrawal functionalities within the App so that I don't have to be forced logging out of the App and switch to web browser doing deposit and withdrawal. Rakuten has this handy feature inside their App.

may i ask if there's a time period to withdraw the funds? i deposited some money into the account this morning and trying to explore the website to see if i can withdraw the funds but nothing shows up when i go to My Account > Trust

thanks in advance

If u deposit money, u can trade immediately but have to wait for 2 days before it is reflected in your Trust Account.