Worked example
Practising on UOB Kay Hian's numbers
This is an exercise sheet, not a review. We are going to take three things that UOB Kay Hian publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Nothing to compute here
UOB Kay Hian does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. UOB Kay Hian offers 0 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are UOB Kay Hian's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| Securities and Exchange Commission (US) · US | entity not examined | 8-65981 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| Monetary Authority of Singapore · SG | entity not examined | not verified | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself — not verified |
| Securities and Futures Commission (Hong Kong) · HK | entity not examined | not verified | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself — not verified |
How to use that table
1 of these lines is top-tier, held by entity not examined. If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing. We could not confirm a licence number on 2 lines, which is exactly the kind of gap you should close yourself on the regulator's own register before depositing.
The record behind these numbers
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.