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 UOB Kay Hian, Brokerage & Platform

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elea88
post Aug 6 2017, 05:29 PM

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QUOTE(hock0220 @ Aug 4 2017, 12:25 PM)
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 ?
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M+ is much cheaper... check the terms Min RM8 properly with uob.

it differs from M+
elea88
post Aug 7 2017, 11:51 AM

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QUOTE(hock0220 @ Aug 7 2017, 11:22 AM)
Hi Elea88, don't really get what you mean. Can give some idea?
Newbie here. blush.gif  blush.gif
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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+


elea88
post Aug 9 2017, 11:11 AM

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QUOTE(Edmundlew @ Aug 9 2017, 10:33 AM)
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  smile.gif  smile.gif  smile.gif
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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

 

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