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Online Brokerages/UOB Kay Hian UTRADE
Online Brokerages/UOB Kay Hian UTRADE
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Summary

UTRADE Robo UOB Kay Hian Robo-Advisor Review 2021

UTRADE Robo is a robo advisor by UOB Kay Hian.

UTRADE Robo helps deliver an automated fund management service that maximises investment return for each client's risk profile, which is determined by their financial objective, as well as risk tolerance.

  • Management Fees / Platform Fees/ Advisor Fees: 0.5% - 0.88% p.a. depending on your investment amount
  • Minimum Investment Amount: S$5,000
  • Methodology: Automated fund management service that maximizes investment return for each client's risk profile, which is determined by their financial objective and risk profile.
  • Investment Portfolios available: Global diversified curated ETFs across equities, fixed income and commodities.
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UOB Kay Hian UTRADE

$25

MINIMUM FEE

0.20% to 0.275%

TRADING FEES

CDP

STOCK HOLDING TYPE

UOB Kay Hian UTRADE

$25

MINIMUM FEE

0.20% to 0.275%

TRADING FEES

CDP

STOCK HOLDING TYPE

Reviews (5)

2.2

5 Reviews

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    Most HelpfulMost RecentLow to HighHigh to Low
      28 Apr 2021

      Purchased

      UOB Kay Hian UTRADE

      [Products Offered] CFD FX(MT4) withdrawal is high. For example, withdrawal of USD700 from a brokerage account to DBS multi-currency account, the withdrawal fee is USD100. Stock trading platform a lot of good information if you are willing to spend time to learn about it. [Customer Service] Customer service is responsive and excellent but it just not suitable for users like me who care about fees but not convenience. [User Interface] Improving for stock brokerage platform. in terms of a user-friendly that scored from 1-10, it will be around 6.

      0

      What are your thoughts?

      25 Aug 2020

      Purchased

      UOB Kay Hian UTRADE

      I had a bad experience using their services. I only could do deals after calling my broker to help me increase my cash value. It charges high fees as well, compared to its competitors. The user interface looks very old and outdated when comparing with competitors.

      0

      What are your thoughts?

      26 Feb 2020

      Purchased

      UOB Kay Hian UTRADE

      UOBKH are CHEATERS - DO NOT USE!!!!. They keep fulfilling partial orders in order to profit from transaction fees. IOCBC only fulfill entire orders.

      1

      What are your thoughts?

      I think FSMOne too! is there any chance we could click NOT to purchase/trade using partial orders??????????

      16 Feb 2020

      Purchased

      UOB Kay Hian UTRADE

      The platform is really archaic, as compared to POEMS and CIMB. Have not touched it for a while now...

      0

      What are your thoughts?

      Posted 06 Dec 2019

      Purchased

      UOB Kay Hian UTRADE

      [Customer Service] The broker was good, provided excellent service and responded to our needs ASAP. [Commission Rates] Commission rates are standard across the big brokerages. [User Interface] The UI has room for improvement

      0

      What are your thoughts?

    Discussions (0)
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      Benefits and Features of UTRADE Robo

      • Methodology: Automated fund management service that maximizes investment return for each client's risk profile, which is determined by their financial objective and risk profile.
      • Investment Portfolios available: Global diversified curated ETFs across equities, fixed income and commodities.
      • Providing seamless access to multiple products and markets in each country, UTRADE Robo's sophisticated tools and technology offer investors the capability of trading across a broad range of securities, including stocks, bonds, unit trusts, futures, options, CFDs and forex.
      • Additionally, UTRADE is supported by a strong, dedicated research team, with award-winning analysts in place to impart the deep market knowledge clients need to navigate today's complex trading environments.
      • Offered by UOB Kay Hian, one of Asia's largest brokerage firms, you can trade with a peace of mind knowing that they are an associate company of the UOB Group.
      • Over 100 years of experience and expertise

      How does UTRADE Robo work?

      UTRADE will first get to know their investors via an online questionnaire, to understand your financial goals and risk profile.

      Next, they will carefully customise your portfolio with their software, optimising it based on your personal profile.

      After setting the account up, UTRADE Robo will continue to monitor and rebalance your portfolio whenever necessary.

      Thereafter, how UTRADE Robo invests will be based on this 6 step flow system:

      1. Identify the set of major asset classes which are investable
      2. Select low cost ETFs to represent each asset class
      3. Use Modern Portfolio Theory to allocate among the chosen asset classes to determine the maximum expected return for a given level of risk
      4. Establish the client's goals and risk profile to assign a suitable portfolio
      5. Implement and periodically rebalance the portfolio
      6. Recalibrate the risk level for the portfolio assigned to the client as the client progresses through their goals or if the client provides updates to their goals or risk profile

      Fees and Charges for UTRADE Robo

      • Minimum Initial Investment Amount: S$5,000.00 per portfolio
      • Minimum Subsequent Investment Amount: S$500.00

      Assets Under Management (AUM)

      Fees (%)

      AUM ≤ S$50,000

      0.88

      S$50,000 < AUM ≤ S$100,000*

      0.68

      AUM > S$100,000*

      0.50

      * The annual fee payable is calculated from the 1st dollar

      Contact UTRADE Robo

      • Visit UTRADE Robo's website for more information on their fees and how to apply
      • Tel: 6536 9338
      • Address: 8 Anthony Road, #01-01, Singapore 22995

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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