UOB KayHian Deposit

Strong regulatory oversight by the Monetary Authority of Singapore (MAS) and FINRA, ensuring a level of trust and security for clients.

Access to a variety of trading platforms, including the popular MetaTrader 4 and proprietary Utrade FX Elite, providing flexibility for traders.

Competitive spreads for local brokers, starting from 1.8 pips for major forex pairs, making it attractive for cost-conscious traders.

High minimum deposit requirement of SGD 5,000, which may be a barrier for beginner traders or those with limited capital.

Limited payment options for deposits and withdrawals, lacking popular methods like PayPal, which may inconvenience some users.

No demo account available for practice trading, limiting the ability for potential clients to familiarize themselves with the platform before committing funds.