Verified: UOB Kay Hian Abbreviation (U Trade) This Company Domain Name Was Effective In 2010 And Is Headquartered In Hong Kong. It Is An Financial Institution That Provides Diversified Trading.
As For Regulation, It Has Been Verified That U Trade Is Currently Regulated By The Securities And Futures Commission (SFC) In Hong Kong, With Regulatory License Numbers AHY424 And AAW261.
However, This Broker Is Beyond The Scope Of Business Regulated By The Securities Supervision Commission Of Hong Kong, China. Please Be Aware Of The Risks!
According To The Company's Official Website :
U Trade Is A Financial Institution Group Regulated By The Securities Supervision Commission. As An Independent Statutory Body In Hong Kong, The Securities Supervision Commission Is Responsible For Supervising And Regulating The Securities And Futures Markets. U Trade Offers A Diverse Range Of Trading Products Across Multiple Asset Classes To Meet The Needs Of Its Clients.
U Trade Offers A Variety Of Trading Platforms And Tools To Assist Investors In Their Trading Activities. To Support Investors In Making Informed Decisions, U Trade Offers A Range Of Tools And Features. With Its Regulated Status, Range Of Trading Products, And Robust Tools And Features, U Trade Aims To Empower Investors And Support Their Trading And Investment Objectives.
Advantages:
Regulated By The Securities Supervision Commission: Being Regulated By The Securities And Futures Commission (SFC) Is A Significant Advantage. It Ensures That U Trade Operates In Accordance With Certain Regulatory Standards And Provides Clients With A Degree Of Supervision And Protection.
Trading Tools And Educational Resources: U Trade Provides Trading Tools And Educational Resources To Assist Clients In Their Trading Activities. These Resources Can Enhance Clients' Knowledge Of The Market And Improve Their Trading Strategies.
Multiple Trading Platforms And Mobile Apps: U Trade Offers Multiple Trading Platforms And Mobile Apps That Provide Flexibility And Convenience To Clients. This Allows Traders To Access Their Accounts And Execute Trades Through A Variety Of Devices, Including Smartphones And Tablets.
A Range Of Services And Products: U Trade Offers A Diverse Range Of Services And Products For Clients To Choose From. This Includes A Variety Of Investment Options, Such As Stocks, Bonds, Futures, Options, Etc. The Availability Of Multiple Options Allows Clients To Tailor Their Portfolios To Their Specific Needs And Preferences.
Social Media Presence: U Trade's Social Media Presence Is Beneficial For Clients. It Enables Them To Stay Up-to-date With The Latest Market Trends, Company Dynamics And Educational Content. The Social Media Platform Can Also Serve As An Additional Channel For Clients To Interact With The Company And Receive Updates In A Timely Manner.
Cons:
No Demo Account: The Lack Of Demo Accounts Can Be A Disadvantage For Traders. Demo Accounts Allow Users To Practice Trading Strategies, Explore Platform Features And Become Familiar With The Trading Environment Without Risking Real Money.
Does Not Support MT4: U Trade Does Not Support The Widely Recognized Trading Platform Metatrader 4 (mt4). This Can Be A Drawback For Traders Who Are Already Familiar With And Enjoy Using Mt4, As They Need To Adapt To Different Platforms.
Products
U Trade Offers A Wide Range Of Trading Products Covering Various Asset Classes. These Products Include:
Bonds: U Trade Facilitates Trading In Bonds, Which Are Fixed Income Securities That Investors Can Buy And Sell For Interest Income.
CBBCs (CBBCs): CBBCs Are Derivative Products Where An Investor Can Take A Position On An Underlying Asset (e.g. A Stock Or Index) Using Leverage With The Potential For Higher Returns Or Losses.
Custody Services: U Trade Provides Custody Services That Involve Protecting And Managing Securities On Behalf Of Clients.
Stocks (Stocks): U Trade Enables Stock Trading, Allowing Investors To Buy And Sell Shares Of Publicly Traded Companies.
ETFs (Exchange Traded Funds): ETFs Are Investment Funds That Trade On A Stock Exchange Like Individual Stocks. U Trade Provides ETF Trading Services That Provide Investors With A Diversified Exposure To A Basket Of Assets.
Futures: U Trade Facilitates The Trading Of Futures Contracts, A Derivative Instrument That Imposes An Obligation On The Buyer Or Seller To Trade A Particular Asset At A Predetermined Price And Future Date.
Subscription For New Shares: U Trade Enables Investors To Subscribe To Initial Public Offerings (IPOs), Thereby Enabling Them To Purchase Shares Of Newly Listed Companies Before They Enter The Secondary Market.
L & I (Leveraged And Inverse) Products: These Investment Products Are Designed To Provide Leveraged Or Inverse Exposure To An Underlying Asset, Such As A Stock Or Index. U Trade Provides Trading Services For L & I Products.
Margin Financing: U Trade Offers Margin Financing Services That Allow Clients To Borrow Funds Using Existing Securities As Collateral To Fund Their Trading Activities.
Monthly Stock Savings Plan: U Trade Offers A Monthly Stock Savings Plan That Allows Investors To Invest In Selected Stocks On A Regular Basis Through A Systematic Investment Approach.
Mutual Funds: U Trade Facilitates The Trading Of Mutual Funds, Which Are Professionally Managed Investment Vehicles That Pool The Funds Of Multiple Investors To Invest In A Diversified Portfolio Of Securities.
Over The Counter (OTC) Products: U Trade Offers Trading Over The Counter Products, Which Are Financial Instruments That Are Not Traded On A Centralized Exchange But Through A Network Of Dealers.
Stock Options: U Trade Allows Trading Stock Options, A Derivative Contract That Gives Investors The Right To Buy (call Option) Or Sell (put Option) A Particular Stock At A Predetermined Price Within A Specified Timeframe.
Warrants: U Trade Facilitates Trading In Warrants, A Derivative Instrument That Gives Investors The Right, But No Obligation, To Buy Or Sell An Underlying Asset At A Specified Price For A Specified Timeframe.
Open An Account
Online Application: Traders Can Apply For An Account Online Through U Trade's Website In The Following Ways. The Online Application Process Usually Requires Submitting The Necessary Documents Digitally.
By Mail: Traders Can Also Choose To Open An Account By Mailing The Completed Application Form And Required Documents.
At The Counter: U Trade Offers The Option To Open An Account In Person At Its Physical Branch Or Office. Traders Can Complete The Account Opening Process With The Assistance Of The Staff.
Fees And Commissions
The Commission For Electronic Trading Of Hong Kong Stocks Is 0.15% (minimum HK $75), And The Commission For Telephone Trading Is 0.25% (minimum HK $100).
Shanghai Class A Share (Shanghai-Hong Kong Stock Connect)/Shenzhen Class A Share (Shenzhen-Hong Kong Stock Connect) Electronic Trading Commission Is 0.15% (minimum HK $75); Telephone Trading Commission Is 0.25% (minimum HK $100).
In Addition, The Transaction Levy Is 0.0027% Of The Transaction Amount And The Transaction Fee Is 0.005% Of The Transaction Amount. The Government Stamp Duty Is 0.1%, The Central Clearing Fee Is 0.003% (maximum HK $100), And The Handling Fee Is 0.00487% Of The Bilateral Transaction Amount.
The Securities Management Fee Is 0.002% Of The Bilateral Transaction Amount, And The Transfer Fee Is 0.004% Of The Face Value Of The Stock. The Transaction Stamp Duty Is 0.1%. Electronic Trading Commissions Are 0.18% (minimum $20), Telephone Trading Commissions Are Up To 0.3% (minimum $50), SEC Fees Are 0.00051%, And ADR Fees Are $0.01-0 Per Share.
Trading Platform
U Trade Stocks:
- Full Suite Of Tools And Features For A Satisfying And Rewarding Trading Experience
- Real-time Market Data
- Interactive Charts And Customizable Watchlists
- Research Reports To Stay Informed
U Trade Futures:
- Access To 12 Local And Global Futures Exchanges
- Rich Selection Of Futures Products
- Real-time Data And Advanced Charting Tools
U Trade Stock Options:
- Powerful Tools For Hedging Portfolios And Trading Stock Options
- Efficient Data And Advanced Order Types
- Comprehensive Options Chain
- Heat Maps And Greek Analysis
- Helps Evaluate Option Prices And Volatility
Trading Tools
U Trade Offers A Range Of Tools And Features To Assist Investors In Their Trading And Decision-making Process.
Chart Genie: This Intuitive Charting Tool Allows Users To Perform A Real-time Scan Of Their Portfolios Or Determine When To Enter The Hong Kong Market. It Provides Real-time Charting And Analysis Features To Help Investors Identify Potential Trading Opportunities.
Live Streaming: Investors Have Real-time Access To Live Streaming Stock Quotes, Broker Queues, Financial News, Professional Commentary, Tips And Rumors. This
Live Snapshots: Users Can Instantly View Live Stock Prices, Providing Them With Up-to-date Information On Market Movements. This Tool Helps Investors Stay Up-to-date On Price Changes And Make Quick Decisions.
Deposits And Withdrawals
Investors Can Deposit And Withdraw Funds To Their U Trade Account In The Following Ways, Cheque, Telegraphic Transfer/local Transfer. Deposits Are Closed Every Business Day From 11:30 Am To 4:00 Pm.
Funds Paid At 4:00 Pm Are Subject To Delay Until 1:00 Pm On The Next Hong Kong Stock Trading Day. Customer Withdrawal Deadline Is 11:00am Each Weekday. Otherwise, Withdrawal Requests Will Be Deferred To The Next Business Day For Processing.
Client Server
U Trade Offers Live Chat. Through Live Chat, Customers Can Quickly Answer Their Questions And Get Help With Any Questions They May Have. This Is A Convenient And Effective Communication Channel That Can Improve Customer Satisfaction And Increase Sales.
Customers Can Visit Their Office Or Contact The Client Server Hotline Using The Information Provided Below:
Tel: + 852 2136 1818.
Email: Clientservices@uobkayhian.com.hk.
Additionally, Clients Can Get In Touch With This Broker Via Social Media, Such As Facebook.
More Importantly, U Trade Offers, A Frequently Asked Questions (FAQ) Section, On Their Website To Help Clients With Frequently Asked Questions And Provide Relevant Information. The FAQ Section Is Designed To Address Common Questions And Concerns That Investors May Have About The Firm's Services, Processes And Investment Opportunities.
U Trade Online Messaging, As Part Of Their Trading Platform. This Allows Traders To Communicate Directly With Customer Support Or Other Traders Through The Platform. Online Messaging Is A Convenient Way To Get Real-time Help Or Discuss With Other Traders.
