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

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

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

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.

Pm-ed you my contact =) check inbox

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.

Pm-ed. Pls check inbox =)

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.

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)

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 =)