UOB Kay Hian (UTRADE) Review 2026

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of UTRADE with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, UTRADE’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with UTRADE. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

UTRADE accounts trading conditions

The UTRADE broker offers two types of accounts with leverage up to 1:20. The choice of account type depends on what platforms the client prefers to use in his work, either the universal classic MT4 or the broker’s proprietary terminals.

Account types:

The broker offers four additional account types: Securities Trading, UTRADE Edge, UTRADE Plus, and UTRADE Robo; but they are designed for trading and investing in securities, not Forex instruments.

UTRADE is a stock and Forex broker that offers accounts for margin trading in securities, foreign exchange, and leveraged CFDs.

UTRADE offers limited payment options and accessibility, which may impact its competitiveness.

What are UTRADE deposit and withdrawal options?

UTRADE offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire. This limitation may restrict flexibility for users, making UTRADE less competitive for those seeking diverse payment options.

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. UTRADE supports the following base account currencies: USD, SGD.

What are UTRADE's minimum deposit and withdrawal amounts?

The minimum deposit on UTRADE is $3000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact UTRADE’s support team.

Supported markets vs top competitors

We have compared the range of assets and markets supported by UTRADE with its competitors, making it easier for you to find the perfect fit.

Investment options

We also explored the trading assets and products UTRADE offers for beginner traders and investors who prefer not to engage in active trading.

Is UTRADE available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

It is impossible to create a personal cabinet on the site and in UTRADE mobile application without opening a trading account. You need to perform the following actions to register your account: 

• Visit the official site of UTRADE and click Open Account on any of its pages. The button is at the top of the page.

• After that, you need to specify if you have a securities account with UOB Kay Hian and then select the type of account you want to open. If you don't have a securities account, you will still have to open one, even if you don't plan to trade that type of asset.

• Then you need to enter your data in the registration form: name and surname (like in your passport), country of residence, phone number, and email.

• After that, the broker asks for tax and financial information, employment details, annual income, and available capital.

• Next, enter your investment goals and trading experience, as well as your referral code (if any).

• At the final stage, the user is obliged to upload scanned copies of documents and filled in forms (CRS, W-8BEN-E, W-9).

• After the approval of the account application (its consideration takes up to 5 working days) you will be able to enter the personal cabinet. To do that click on the button Log In at the top of the page and then enter your login and password.

This data comes by email, but you can change it later in your personal cabinet.

Overview of UTRADE’s personal account — Log in to your personal account/cabinet.

A trader can do the following actions in the personal account/cabinet of UTRADE:

• Install the UTRADE Token application to generate a one-time security password.
• Trade via the web terminal.

Also, in the client’s personal account the trader can:

• Manage his account and make deposits and withdrawals.
• View quotes “live” or every 15 minutes (depending on the selected exchange).
• View reports on intraday transactions.
• View statistics on portfolio investments.
• Have access to research, analytics, and trading tools.

Customer support at UTRADE is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.

During testing, response times were moderate, and communication depended on the complexity of the request. UTRADE provides basic support functionality but does not stand out in overall service performance.

This broker provides the following communication channels for its clients: 

• write in the Leave A Message window on the website or in a personal cabinet
• send a question to email;
• fill in the contact form in the Contact Us section;
• use the company's Facebook messenger.

The Contact Us section of the site provides contact details for the Data Protection Officer (phone and email) and the Complaints and Claims Department (email).