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Securities Lending Fully Paid、Margin Loans、Annuities、Bonds & Fixed Income、Futures、Investment Advisory Service、Options、Stocks、ETFs、Mutual Funds

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Obtain 1 securities license(s)


ChinaSecurities Trading License

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Owns 2 seat(s)

China BSE

Seat No. 000013


China SZSE

Seat No. 000316


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Company Profile

First Capital Securities
WikiStock Rating ⭐⭐⭐⭐
Account Minimum No minimum required
Fees 0.3% commission rate, minimum charge of 5 RMB
Account Fees 40 RMB for individuals, 400 RMB for institutions
Margin Interest Rates ≤8.6%
Mutual Funds Offered Yes
App/Platform Yi Chuang Zhi Fu Tong, Yi Chuang Online Trading, Yuanhang Edition
Promotions Regular promotional offers for new and existing clients

First Capital Securities Information

  First Capital Securities is a well-regulated financial services firm known for its vast investment products and user-friendly trading platforms. It offers robust customer support and advanced security measures to protect client funds. However, the firm has relatively high fees and a complex account opening process.

First Capital Securities Information

Pros and Cons of First Capital Securities

  First Capital Securities offers comprehensive services, backed by regulatory compliance and robust safety measures. However, potential drawbacks include relatively high fees and the complexity of the account opening process. Understanding these aspects can help investors make informed decisions.

Pros Cons
  • Regulated by CSRC: Ensures compliance with industry standards and regulations.
  • High Fees: Fees for various services can be relatively high.
  • Funds Safety: Insurance coverage for client funds (specific coverage amounts should be confirmed).
  • Complex Account Opening: Requires multiple steps including video verification.
  • Advanced Encryption Technologies: Ensures secure fund storage and prevents information leakage.
  • Lower Limit Fees: Even low-volume trades incur a minimum charge.
  • Comprehensive Services: Offers a wide range of fixed income products, investment banking, asset management, and more.
  • Limited Information on Insurance Coverage: Specific details of fund insurance are not readily available.
  • Strong Customer Support: Available through multiple channels in both Shenzhen and Beijing.
  • Complexity in Bond Transactions: Different bond types and markets have varying fee structures.

Is First Capital Securities safe?

  Regulations: First Capital Securities is regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with stringent industry standards and regulatory requirements.

Is First Capital Securities safe?


  Funds Safety: The company ensures the safety of client funds through insurance, though specific coverage amounts should be confirmed directly with the firm.

  Safety Measures: First Capital Securities employs advanced encryption technologies to safeguard fund storage and implements robust account security measures to prevent information leakage and protect user data. These measures ensure a secure and reliable trading environment.

Services of First Capital Securities

  First Capital Securities Co., Ltd offers a range of fixed income products including treasury bonds, policy financial bonds, central bank bills, and non-financial enterprise debt financing instruments.

  •   Treasury Bonds: The company participates in the sales of book-entry treasury bonds, adhering to regulations like the 2016 Book-Entry Treasury Bonds Bidding Issuance Rules. They hold a Class B underwriting qualification, making them one of the 15 securities companies qualified to underwrite book-entry treasury bonds.

  •   Policy Financial Bonds: These are issued by institutions like the China Development Bank and the Export-Import Bank of China, with banks and securities companies being the main participants. First Capital has the necessary underwriting qualifications for these bonds.

  •   Central Bank Bills: Issued by the Peoples Bank of China, these are available only to primary dealers in the open market, with the company being one of the four securities firms qualified as primary dealers.

  •   Non-Financial Enterprise Debt Financing Instruments: These include short-term financing bonds, medium-term notes, and non-public targeted debt financing instruments. First Capital is qualified to underwrite these instruments, positioning it among 12 securities companies with such qualifications.

  •   First Capital Investment Banking Co., Ltd. (一创投行), formerly a joint venture with JP Morgan, provides comprehensive investment banking services. They aim to be a leading investment bank in China, driven by innovation and customer-centric solutions, with offices in Shanghai and Shenzhen.

      Other services include asset management, securities brokerage, credit business, proprietary trading, futures brokerage, corporate financing, private equity fund management, and a variety of over-the-counter (OTC) securities services. These OTC services cover a broad range, from securities sales and recommendations to technical and financial advisory services.

      ms to empower their clients with the knowledge and capabilities needed to succeed in the futures market.

    Services of First Capital Securities

    First Capital Securities Account Opening Process

      To open an account with First Capital Securities, you need to prepare several key items. First, ensure you have your cell phone ready, as you will need it to receive verification codes and activation calls. You also need a valid second-generation resident identity card. For security purposes, use your personal debit card during the account setup. Additionally, a webcam, microphone, and earphones are required for the video verification process.

      The account opening procedure involves logging into the online account opening system, providing personal information, and uploading photos of your ID card. Next, you will undergo video verification using a webcam and microphone to ensure your identity. After submitting your application, you will receive an SMS confirmation within 1-2 business days.

      Common Issues and FAQs:

    •   Only second-generation ID cards and Chinese-named foreign permanent residence cards are supported.

    •   A stable internet connection is necessary, preferably 4G or Wi-Fi.

    •   The system is compatible with iPhones (iOS 5.0+) and Android phones (Android 4.0+).

    •   Video verification is a security measure to comply with identity verification requirements.

    First Capital Securities Account Opening Process

    First Capital Securities Fees Review

      First Capital Securities charges a range of fees for different services provided to both issuers and investors in the securities markets. These fees are structured based on various market regulations and company policies.

  •   Issuer Fees

  •   For issuers, securities registration fees are a significant cost. In the Beijing market, the registration fee for A Shares is 0.1‰ of the registered share capital. Convertible corporate bonds have a registration fee that ranges from 0.01‰ to 0.06‰ depending on the bond's maturity. The Shanghai and Shenzhen markets have similar structures, with registration fees for A Shares at 1‰ for up to 5 billion shares and 0.1‰ for shares over 5 billion, capped at 3 million RMB. Dividend distribution fees in all markets are 1‰ of the cash distribution amount, capped at 3 million RMB.

      Other notable issuer fees include the information query service fee, which is 1,200 RMB per year in the Beijing market and 6,000 RMB per year in the Shanghai and Shenzhen markets. Additionally, the redemption and repurchase fee for convertible corporate bonds is 0.05‰ of the redemption or repurchase amount.

  •   Investor Fees

  •   Investors also face several fees. The transfer fee for A Shares is 0.01‰ of the transaction amount across all markets. For non-trading transfers, the fee is 1‰ of the transferred shares' face value, capped at 100,000 RMB. The pledge registration fee is structured similarly, with 1‰ for up to 5 million shares and 0.1‰ for shares over 5 million.

      Account opening fees are also noteworthy. For A Shares, it costs 40 RMB for individuals and 400 RMB for institutions. The securities transfer fee for margin trading and short selling is 20 RMB per instruction.

  •   Commission Rates

  •   According to the regulations and company policies, the commission rates are as follows:

    •   A Shares and fund transactions have a commission rate with an upper limit of 0.3% of the transaction amount and a lower limit not less than the companys securities brokerage business service cost, with a minimum charge of 5 RMB.

    •   B Shares transactions have an upper limit of 0.3% of the transaction amount and a lower limit not less than the company's securities brokerage business service cost, with minimum charges of 1 USD (Shanghai) and 5 HKD (Shenzhen).

    •   ETF, LOF, NEEQ transactions, and cross-border market transactions (Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect) are also capped at 0.3% of the transaction amount, with a minimum charge of 5 RMB.

    •   Credit transactions have a commission rate capped at 0.3% of the transaction amount, with a minimum charge of 5 RMB.

    •   Convertible bond transactions in the Shenzhen market are capped at 0.1% of the transaction amount, while other bond transactions are capped at 0.02%, with a minimum charge of 1 RMB.

    •   Shares of listed companies, stocks of two-network and delisted companies have a commission rate with an upper limit of 0.3% of the transaction amount, with a minimum charge of 5 RMB.

    •   For stock options transactions, the commission rate is capped at 20 RMB per contract, with a lower limit not less than the company's securities brokerage business service cost.

    •   Additionally, First Capital Securities collects handling fees, regulatory fees, transfer fees, and other related taxes (stamp duty) in accordance with relevant laws, regulations, and the trading rules of the stock exchange.

    •   These detailed fees and commission rates ensure that both issuers and investors are aware of the costs associated with their transactions and services provided by First Capital Securities.

      First Capital Securities Fees Review

      First Capital Securities App Review

        First Capital Securities offers a variety of advanced trading platforms designed to meet different needs, ensuring security, efficiency, and ease of use.

        Firstly, the Yi Chuang Zhi Fu Tong Financial Terminal (Version 9.08) is the latest professional stock trading software for PC users. It includes features like secure login, a panoramic market display, multidimensional stock statistics, and comprehensive news and research services. This platform, released on May 17, 2024, has been downloaded 1,255,620 times.

        Next, the Yi Chuang Online Trading Standalone Version (Version 8.29) focuses solely on trading without market data. It supports registration-based trading and addresses known issues. This version was released on April 7, 2023, and has been downloaded 125,450 times.

        Additionally, the First Capital Yuanhang Edition Financial Terminal (Version offers a humanized and flexible design, new visual interaction framework, professional market data, and smart tools for investment decisions. Developed in collaboration with Tonghuashun, it was released on March 18, 2024, and has 9,127 downloads.

        Moreover, the Yi Chuang Intelligent Trading (Version 10073) provides comprehensive cloud conditional orders, graphical teaching, and advanced basket and algorithmic trading. Released on March 17, 2023, it has been downloaded 3,301 times.

        Furthermore, the First Capital Compass Trading System (Version 1.0) is a simple, standalone trading system for PC users, developed with Compass Company. It was released on June 2, 2023.

        In addition, the Stock Index Futures Software (Version V6.3) is designed for trading stock index futures. It caters to all users and was released on December 28, 2009, with 9,037 downloads.

        The Hui Dian Options Testing Client (Version is a professional options trading platform with high-speed market processing, convenient trading functions, and robust data analysis tools. Released on June 30, 2023, it has 10,677 downloads.

        Similarly, the Hui Dian Options Trading Client (Version is designed for real options trading and was also released on June 30, 2023, with 8,595 downloads.

        Additionally, the Option Bao Trading Client (Version 4.12.811) is tailored for professional options trading, offering high-speed market processing and advanced trading functions. Released on April 20, 2024, it has 1,888 downloads.

        For testing purposes, the Option Bao Testing Client (Version 4.12.811) provides a platform to practice trading strategies. It was released on March 26, 2024, and has 1,192 downloads.

        Lastly, the Yi Chuang Pioneer (Version is a quantitative trading platform developed with Shenzhen Pioneer Technology. It offers real-time cloud market data, historical data, and supports event-driven strategy development. Released on May 17, 2023, it has been downloaded 3,832 times.

      First Capital Securities App Review

      Research and Eduation

        First Capital Securities offers comprehensive educational and research resources to its clients.

        Education: The platform includes a dedicated section for investor education, providing resources to help users understand market dynamics, trading strategies, and regulatory updates. This section aims to empower investors with the knowledge necessary to make informed decisions.

      Research and Eduation

        Research: The research segment, known as “Yi Chuang Research,” provides in-depth analysis and reports on various financial instruments, market trends, and economic indicators. This segment is designed to offer valuable insights and support investment strategies.

      Research and Eduation

      Customer Service

        First Capital Securities provides robust customer support through multiple channels. The main office is located in Shenzhen, with a main phone line at 0755-23838888 and a customer service hotline at 95358. The office address is 20th Floor, Investment Bank Building, No. 115 Fuhua 1st Road, Futian District, Shenzhen, Guangdong Province.

        Additionally, there is a Beijing office to cater to clients in the capital. The main phone line for the Beijing office is 010-63197788, with the same customer service hotline at 95358. The office is located at 16th Floor, East Tower, Jinze Building, No. 2 Guangningbo Street, Xicheng District, Beijing. This dual-location support ensures comprehensive assistance for all clients.

      Customer Service


        First Capital Securities is a highly-regulated financial firm offering comprehensive investment products, user-friendly trading platforms, and strong customer support. It ensures client fund safety with insurance and advanced security measures. However, the firms relatively high fees and complex account opening process may be a drawback for some investors. Despite these challenges, it remains a robust choice for those seeking a wide range of financial services and reliable support.


        Is First Capital Securities safe to trade?

        Yes, First Capital Securities is regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with industry standards. The firm also employs advanced encryption technologies and robust account security measures to safeguard client funds and information.

        Is First Capital Securities a good platform for beginners?

        First Capital Securities offers user-friendly trading platforms and comprehensive educational resources, making it a suitable choice for beginners. However, the complex account opening process might be challenging for some.

        Is First Capital Securities good for investing/retirement?

        Yes, First Capital Securities provides a wide range of investment products and services, including mutual funds and fixed income products, making it a good option for long-term investing and retirement planning.

      Risk Warning

        The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.



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More than 20 year(s)


Securities Lending Fully Paid、Margin Loans、Annuities、Bonds & Fixed Income、Futures、Investment Advisory Service、Options、Stocks、ETFs、Mutual Funds

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