Trading in foreign exchange, or forex, is the simultaneous buying or selling of two currencies, otherwise known as a currency pair. For instance, a client who purchases the Australian dollar (AUD) against the Singapore dollar (SGD) profits when AUD rises in value against SGD, and vice versa.
Leveraged forex (LFX) trading gives our clients the ability to trade multiple times the value of their capital. At UOB Kay Hian, we provide leverage of up to 50 times.
Forex trading has low entry costs. You need to be aware of the spread as well as financing charges if you carry positions overnight. With spreads as low as 0.8 pips, the costs can be extremely low.
By leveraging your account, you can benefit from even the smallest change in the market by investing with more capital than you actually have on hand.
With a daily trading volume of US$5.3 trillion, forex trading is the world’s most liquid financial market. With UTRADE FX, you can enjoy direct access to this highly transparent market and take advantage of its unmatched liquidity.
The forex market is open 24 hours a day and 5.5 days a week across Asia, Europe and America. You can trade anytime, anywhere with us to capitalise on the single largest trading market in the world.
Fluctuations in exchange rates can cause the value of your forex holdings to drastically decrease overnight. To protect your investments, you can also shield your positions through LFX until prices stabilise.
With LFX, you can employ sophisticated trading strategies by using advanced orders such as Trailing Stops to protect your profits or One-Cancel-Other (OCO) orders to semi-automate your trading decisions.
UTRADE FX MT4 system offers a clean and user-friendly interface equipped with a wide range of powerful functions that give more advanced traders the edge in the market.
Gain access to the latest in trading technology. We provide the MetaTrading 4 trading platform and Currenex Viking platform in both mobile and desktop versions. Both are used by professional traders to conduct their trades. Packed with free charting software, customised indicators and robo-trading functions, both systems are appropriate for any trader.
UOB Kay Hian is regulated by the Monetary Authority of Singapore, which enforces strict regulations on how we handle our clients’ funds. You can trade with peace of mind knowing that your funds are placed in secure segregated trust accounts.
Quality execution of trades and competitive spreads are crucial to making every LFX transaction efficient. We ensure both by keeping our spreads as competitive as possible while at the same time maintaining high standards of service and execution. Our price spreads are as low as 0.8 pips and we promise to keep improving on them.
We offer only execution services and do not hold any of our clients’ positions. All of our positions are fully hedged back-to-back in real time with our liquidity providers. What you trade is what you get.
As a result of the strong support through our partnerships with other major banks, we are able to provide you with deep, consistent and reliable liquidity.
For clients who are new to forex trading, we provide regular seminars and training sessions that can help traders, from novices to experts, invest more strategically and gain higher returns.
With cutting-edge trading platforms, security of funds and competitive spreads, UTRADE FX is the complete package for any client who is keen to start trading in forex.
Open a UTRADE account today and start trading on the premier platform you deserve.
Make an appointment online or visit any UTRADE Investor Centre.
Bring along the required documents to open a trading account.
Start trading LFX with UTRADE or contact us at 6536 9338 for further assistance.