UOB Kay Hian (Utrade) Account Type

　　UOB Kay Hian (Utrade) offers two primary types of trading accounts for forex trading, each designed to cater to different trading preferences and requirements:

• Utrade Delta Account
• Minimum Deposit: SGD 3,000 (approximately USD 2,200)
• Spreads: Starting from 1.8 pips on major currency pairs.
• Leverage: Up to 1:20.
• Account Currency: SGD or USD.
• Trading Instruments: Currency pairs and CFDs.
• MT4 Account
• Minimum Deposit: Similar to Utrade Delta Account.
• Spreads: Floating spreads starting from 1.8 pips.
• Leverage: Up to 1:20.
• Trading Platform: MetaTrader 4 (MT4).
• Account Currency: SGD or USD.

　　Both account types provide access to trading in forex, CFDs, and securities, with additional features like quality analytics and research from international markets.

　　

UOB Kay Hian (Utrade) Broker Account Opening Process

　　To open a trading account with UOB Kay Hian (Utrade), follow these steps:

• Visit the Official Website: Go to Utrade's website.
• Select Account Type: Choose between the Utrade Delta Account or MT4 Account.
• Fill in the Application: Complete the online application form with your personal details, including:
• Name and surname (as in your passport).
• Country of residence.
• Phone number and email address.
• Provide Financial Information: Enter tax and financial details, including employment information, annual income, and available capital.
• Investment Goals and Experience: Specify your investment goals and trading experience.
• Upload Documents: Submit scanned copies of required documents, including identification and proof of address.
• Wait for Approval: The account application will be reviewed, which may take up to 5 working days.
• Receive Login Details: Once approved, you will receive your login credentials via email to access your account.

　　This process ensures compliance with regulatory requirements and allows Utrade to assess your trading experience and financial situation.