Why UTRADE?   Products & Services   Tools   Research   Education   Investor Centres   Getting Started   Help

All the answers you seek. And more.

FAQ Get Started Login & Security Troubleshooting Trading Advanced Orders
Prohibited Conduct Corporate Action Fees & Settlement E-Statements UTRADE CFD Diamond Trading
UTRADE Rewards UTRADE Edge/Plus YieldMax Value-Added Services Forms User Guides
 
1. What are the commission and other charges?
Singapore  
Commission (Effective 1st June 2014)  
All Contract Types Except UTRADE Edge/Plus Online Rates
Contract Value up to S$50,000

0.275%

Contract Value above S$50,000 and up to S$100,000 0.22%
Contract Value above S$100,000

0.20%

Minimum Commission

S$25 / US$20 / A$20 / HK$139

   
UTRADE Edge Accounts Online Rates
Flat Rate 0.18%
Minimum Commission S$18 / US$14 / A$20 / HK$139
   
UTRADE Plus Accounts Online Rates
Flat Rate 0.18%
Minimum Commission S$18 / US$14 / A$20 / HK$139
   
Other Charges  
Clearing Fee

0.0325% on gross consideration - Please contact your Trading Representative for the quarterly updated maximum for foreign currency denominated counters)
[Structured Warrants - 0.05% on gross consideration, maximum S$200]

Trading Access Fee 0.0075% on gross consideration
GST 7% on brokerage fees and other charges

Malaysia  
Commission (Effective 4th July 2011)  
All Contract Types Online Rates
Contract Value up to RM100,000

0.50%

Contract Value above RM100,000 and up to RM200,000 0.40%
Contract Value above RM200,000

0.30%

Minimum Commission

RM60

   
Other Charges  
Clearing Fee 0.03% on gross consideration (Maximum of RM1,000)
Stamp Duty RM1.00 for RM1000.00 or less (Maximum of RM200)
GST Mal – 6% on brokerage and clearing fees
Commission is subject to prevailing Singapore GST (if applicable)

Hong Kong  
Commission (Effective 4th July 2011)  
All Contract Types Online Rates
Contract Value up to HK$250,000

0.25%

Contract Value above HK$250,000 0.20%
Minimum Commission

HK$100

   
Rates are split between UOBKH Hong Kong commission and UOBKH Singapore commission, where UOBKH Hong Kong commission is 0.15% (subject to a minimum of HK$50) and UOBKH Singapore commission is 0.05% (where contract value is above HK$250,000) or 0.10% (where contract value is up to HK$250,000, AND subject to a minimum of HK$50).
   
Other Charges  
Clearing Fee 0.003% on gross consideration
(Minimum HK$3.00, Maximum HK$100.00)
Stamp Duty 0.1% on gross consideration
(rounded up to the nearest HK$)
Transaction Levy 0.0027% on gross consideration
Trading Fee 0.005% on gross consideration
GST 7% on UOBKH Singapore commission only


US  
Commission (Effective 4th July 2011)  
All Contract Types Online Rates
Flat Rate

0.30%

Minimum Commission US$20
   
Other Charges  
SEC Fee (applicable for SELL trades only)

0.00218% on gross consideration (effective from 16 February 2016 settlement date, 10 February 2016 trade date)

FINRA Trading Activity Fee (applicable for SELL trades only) US$0.000119 per share traded, maximum of US$5.95 (effective from 1 July 2012 trade date)
OTC Transaction Fee (applicable for OTC SELL trades, where traded price is US$0.10 and below)

US$0.00001 per share traded

French Financial Transaction Tax (applicable for French ADR BUY trades only) 0.2% on gross consideration (effective from 1 December 2012 trade date)
GST 7% on brokerage fees
back
 
2. What is the settlement period?
Markets Settlement Period
Singapore

Trade Date + 3 market days

Hong Kong Trade Date + 2 market days
Malaysia Trade Date + 3 market days
US Trade Date + 3 market days

If the due date falls on a Singapore holiday, settlement will be made on the following market day. This does not apply to Malaysia, Hone Kong, US holidays.

Your shares can be force-sold at UOBKH’s discretion if your trade is not settled within settlement period.

back
 
3. How much is my purchase? What are my outstanding positions?

SGX, Bursa and HKEx
You can check under "Account Management", "Outstanding Position" one day after trade date for the contract amount and due date of your trade.

US Markets
Please contact your Trading Representative for assistance.

back
 
4. What currency can I settle my trades in?

SGX – Singapore dollars or traded currency
BURSA – Malaysian Ringgit or Singapore dollars
HKEx – Hong Kong dollars or Singapore dollars
NYSE/NYSE ARCA/NASDAQ/AMEX – US dollars or Singapore dollars

When you place an order online, you can choose the currency you wish to settle in.

Please note the following for USD payments:-

Payment Type

Additional Costs

USD cheques (from UOB Bank USD account in Singapore)

Free

USD cheques drawn on USD accounts in Singapore

Subject to costs imposed by agent bank

back
 
5. What will be the exchange rates for my trades?

Your exchange rates are booked at spot rates based on the instruction given by either your Trading Representative or yourself. You can either refer to the contract note or call your Trading Representative to check on the actual exchange rate.

back
 
6. Will I be able to amalgamate my trades into one contract?

Singapore, Malaysia and Hong Kong trades will be amalgamated. However, these conditions must be met:

- Trades must be done through the same trading channel (i.e. online or via broker) and same action (i.e. buy or sell)

- Trades must be done on the same day

- Trades must be of the same security

Please note that there is no amalgamation for US trades.

back
 
7. How can I make payment for my trades?

You can choose to pay through one of the following ways:

- Cash or Cheque at our counter on the 2nd Floor of our office at 8 Anthony Road

- Cheque made payable to UOB Kay Hian Pte Ltd. (Please indicate your trading account number and the contract number or the contra statement number on the reverse side of the cheque.)

- EPS via the ATM or Internet banking

- GIRO through DBS/POSB, UOB and OCBC bank accounts

- Bill payment via Internet banking with DBS/POSB, UOB, Standard Chartered and HSBC

- Telegraphic transfer (US trades only)

- Trust account that is maintained with UOBKH to facilitate settlement for your share transactions

Please note that only SGD is accepted for payment via cash, Internet banking, EPS and GIRO. Please also note that payment processing is performed on full trading days only.

Please note that the settlement period differs for different payment option:

Payment Option

Due Date

Cash / Cheque

T+3, 5.30PM

GIRO

T+3, 5.30PM

EPS (ATM or Internet Banking)

T+2, 8.00PM

Bill Payment (Internet Banking)

T+2, 8.00PM

Telegraphic Transfer

T+3, 5.30PM

back
 
8. Can I make payments with USD cheques drawn from any bank in Singapore?

UOBKH will not accept settlement by USD cheques drawn from non-participating banks as these cheques take approximately one to three weeks to clear. As shares awaiting positions or contra losses will only be cleared upon clearance of the cheques, this may incur interest for late payment. 

Below is the list of participating banks:

 

Name of Bank

1

ABN-Amro

2

American Express Bank

3

Bangkok Bank Public Co Ltd

4

Bank of America

5

Bank of China

6

Bank of India

7

Bank of Tokyo Mitsubishi Ltd

8

BNP Paribas

9

Chang Hwa Commercial Bank

10

Chiao Tung Bank Co Ltd

11

CitiBank

12

Credit Agricole Indosuez

13

DBS Bank

14

Deutsche Bank

15

First Commercial Bank

16

Habib Bank

17

HL Bank

18

Hua Nan Commercial Bank

19

Indian Bank

20

Indian Overseas Bank

21

Industrial and Commercial Bank

22

Korean Exchange Bank

23

Malayan Banking Bhd

24

Mizuho Corporate Bank

25

OCBC Bank

26

RHB Bank

27

Standard Chartered Bank

28

Sumitomo Mitsui Banking Corpn

29

The Bank of East Asia Ltd

30

The Hongkong and Shanghai Banking Corpn

31

UCO Bank

32

United Overseas Bank Limited

back
 
9. What is Electronic Payment for Shares (EPS)?

Electronic Payment for Shares (EPS) facilitates the transfer of funds between designated bank accounts of investors and their stockbroking companies.
To activate this linkage, complete the Application for Electronic Payment for Shares (EPS) form. It takes approximately 1 week to process this linkage.

back
 
10. How to make payment via Internet Banking EPS/Bill Payment?
  • For EPS through DBS/POSB and UOB bank accounts, please proceed to "Investment Services", "Electronic Payment for Shares" and follow the instructions onscreen.
  • For EPS through OCBC bank accounts, please proceed to "Bill Payment", "Share Payment (EPS)" and follow the instructions onscreen.
  • For EPS through Citibank bank accounts, please proceed to "Payments & Transfers", "Shares Payment (EPS)" and follow the instructions onscreen.
  • For Bill Payment through DBS/POSB, Standard Chartered and HSBC accounts, the reference number is your 7-digit trading account number.
  • For Bill Payment through UOB bank accounts, the reference number is '05' followed by your 7-digit trading account number
    back
 
11. When do I receive my sales proceeds?

With EPS or GIRO, sales proceeds in Singapore dollars will be credited directly into your designated bank account on 'D' day and you should see the credit balance in your account on D + 1. Otherwise, a cheque will be sent to you on D+1.

back
 
12. Can I use my sales proceeds to offset my purchases?

Yes, you may do so if both sales and purchases are in the same settlement currency. Please inform your Trading Representative of your request one day before the due date of the sale(s).

back
 
13. How do I withdraw money from my Trust Account?

Please contact your Trading Representative for assistance.

back
 


About Us | Careers | Contact Us | Feedback | Other UOB Kay Hian Sites | UOB Group Service | Sitemap

Whilst care and effort has been taken to ensure the accuracy of the information provided herein, UOB Kay Hian Pte Ltd does not warrant the information expressed or implied is absolutely true, correct, timely or fit for any particular purpose or use. We are not liable for any loss or damage arising from the use of this information. Use of this site may involve the electronic transmission of personal financial information. Using this site is consent to such transmission of this information; such consent is effective at all times when using this site. UOB Kay Hian Pte Ltd utilizes 128-bit browser encryption as a security standard. Usage of UOB Kay Hian Internet Trading constitutes agreement of the Terms and Conditions Governing Internet Trading. Please read it carefully before you invest. Certain information displayed on this site are links from public domain sites; if we have in any way violated any copyrights and other proprietary rights, kindly inform us immediately and we will remove the indicated content from this web-site.

This site is not directed at residents of the United States and is not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Terms & Conditions | Privacy Policy | Copyright ©2012, UOB Kay Hian Pte Ltd. All rights reserved. Company Registration Number 197000447W