Is it true that UOB Kay Hian allows lower margins and higher Gold product leverages?

Hi, I am looking to invest heavily in Gold but the current CFD brokerages I am using only allow me about 5x leverage. They told me it is a cap by MAS. However, I am hearing that UOB Kay Hian can do more. Is it true?

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u/Proud-Ad-3227 1 17 hours ago

\> 5x leverage is madness bro lol u playin w fire
u/Possible-Help4995 1 16 hours ago

MAS do cap the leverage for retail investors. So, for brokerages operating in Singapore need to abide by it. Unless you use brokerages from overseas. But more importantly CFD + invest? CFD charges overnight rate, so it does not go hand in hand with investing. Suggest you steer clear of buying/selling until you know what you are doing
u/Ceyenne18 1 11 hours ago

MAS leverage cap for metals for retail is 20x.
u/Fancy_Cupcake_971 1 16 hours ago

Accredited investors can get up to 20x on CFD
u/sgh888 1 15 hours ago

To me the English word invest and trade got differences. You play CFD ask for more leverage is trade to me. Want to play do big think casino better
u/DuePomegranate 1 13 hours ago

Please think again.
u/gilinmuel 1 12 hours ago

Come binance trade XAUTUSDT can 75x leverage 😂
u/sgh888 1 11 hours ago

Think of a company that are unable to get a licence in Spore but yet in Msia can get. Spore MAS has good reputation.
u/Ceyenne18 1 11 hours ago

Gold dropped 30% in 150 days. If you were 5x, you would have been liquidated long time ago at -20%. And if you FOMO now due to recent bounce and think it cannot drop another 20%, you are mistaken. Even with another -20%, it is still 3,500 (last Sep's price).
u/Swee_chai_Butterfly OP 1 10 hours ago

Got it. Why is UOBKH able to have such advantage as compared to other brokers? Is there something that I am missing out?
u/Ceyenne18 1 10 hours ago

They are not unique. You can do 20x at OCBC Securities as well. But frankly, I wouldn't recommend it. Just buy and hold without leverage.