Malahon Securities Limited, a member of the Malahon Group of Companies,is a retail securities brokerage firm which has been in operation since 1984, initially as a member of the Far East Stock Exchange and later, as a membe"Unified" Stock Exchange of Hong Kong since its inception in 1986. Having serviced the community with a multitude of financial products, we decided to focus purely on securities trading services since 1992. Our securities trading products are mainly shares and warrants listed on SEHK. This strategy has allowed us to grasp a comprehensive and in-depth understanding of the securities industry as a whole, as well as reducing our overall operational risk exposure.
the securities industry as a whole, as well as reducing our overall operatal risk exposure
Malahon Information
Malahon Securities Limited, a member of the Malahon Group of Companies, is a retail securities brokerage firm which has been in operation since 1984, initially as a member of the Far East Stock Exchange and later, as a member of the “Unified” Stock Exchange of Hong Kong since its inception in 1986. Their securities trading products are mainly shares and warrants listed on the SEHK.
Pros and Cons of Malahon
Pros
Established Brokerage: Founded in 1984, Malahon Securities has a long history in Hong Kong's financial sector.
Focus on Stock Trading: Their platform geared towards active trading of Hong Kong stocks.
Mobile App: They offer a mobile app named AFE Trade for convenient trading on the go.
2FA confirmed: They offer 2FA for account logins. This helps to prevent unauthorized access even if someone obtains your password, as they would also need to possess your second authentication factor, such as a code from your phone or a security key.
Cons
Uncertain Account Minimum: It's unclear what the minimum deposit required to open an account is.
Limited Educational Resources: Their website doesn't show a dedicated section for research reports, market analysis tools, or investor education, making it less suitable for beginners.
Unclear Margin Interest Rates: The website doesn't disclose information on margin interest rates, making it difficult to compare with other brokerages.
Limited Market Analysis: The mobile app likely offers real-time quotes but does not have extensive market analysis tools or research reports.
Is Malahon safe?
Regulations
Malahon operates under stringent regulations established by the Securities and Futures Commission (SFC) in Hong Kong, ensuring compliance with national financial laws and industry standards.
Safety Measures
Malahon Securities explicitly confirms that they offer 2FA for account logins. Two-factor authentication (2FA) is a security method that adds an extra layer of protection to your online accounts by requiring two separate pieces of evidence to verify your identity when logging in.
This helps to prevent unauthorized access even if someone obtains your password, as they would also need to possess your second authentication factor, such as a code from your phone or a security key.
What are securities to trade with Malahon?
Malahon Securities focuses on trading Hong Kong Stocks. Their website and mobile app suggest a primary focus on stocks listed on the Hong Kong Stock Exchange (HKEX).
Malahon Fees Review
Transaction Fees:
Brokerage (Phone): 0.25% of transaction value, minimum $100.
Brokerage (Online): 0.20% of transaction value, minimum $50 (for non-Account Executive clients).
Stamp Duty: 0.10% of transaction value (rounded up to the nearest dollar).
Transaction Levy: 0.0027% of total transaction value.
Trading Fee: 0.005% of transaction value.
CCASS Fee: 0.005% of total transaction value (minimum $5, maximum $300).
Stock Deposit/Withdrawal:
Physical Stock Deposit (Free, but subject to transfer fee): $5 per Transfer Deed.
Physical Stock Withdrawal: $5 per lot/odd lot (minimum charge of $100).
Settlement Instructions:
Delivery: Free on Receipt, 0.01% of gross value on Delivery (minimum $25).
Investor Delivery: Free on Receipt, $20 each on Delivery.
Other Fees:
Monthly Statement Reprint (after 3 months): $30 per statement.
Bounce Check: $100 each.
Stop Payment (Cheque): $150 each cheque.
Letter of Certification (Account Balance): $150 each letter.
Telegraphic Transfer: $150 + Bank Charges.
Stock Segregated Account with Statement Service: Monthly Fee $20.
Real-time Quotation Service: AFE snapshot quote (service not described in detail).
Malahon App Review
Malahon Securities offers multiple options for users to download the trading software based on their operating system. Options include “For PC” with Java and Windows versions, “For Mac” with Mac and Java Program versions, “For Android”, and “For iPhone”. Their software is available for Windows, Mac, Android, and iPhone users, highlighting the versatility and accessibility of the trading platform.
PC platforms: Malahon i-Trade
Mobile App: AFE Trade(Compatible with Apple and Android)
Research and Edcuation
Unfortunately, the Market Information section on its website is blank, indicating that the educational and analytical resources it provides are unknown and extremely limited.
Customer Service
Malahon Securities offers the following customer support options:
Phone: +852 2536-8888
Email: The email address mint@malahon.com is provided for written inquiries.
Office Address: 5th Floor, Malahon Centre, 8-12 Stanley Street, Central. Their office hours are listed as 9:30 am to 5:30 pm on weekdays. They are closed on weekends and public holidays.
Ticket: You can also submit a ticket with your name, email, contact number and message on their website to contact them.
Conclusion
Established in 1984, Malahon Securities Limited is a Hong Kong brokerage specializing in trading Hong Kong stocks and potentially US stocks. While they offer a mobile app for convenient trading, their website lacks transparency on account types, fees beyond commissions, and investment options outside of stocks.
This might be suitable for experienced Hong Kong investors comfortable with independent research and prioritizing potentially lower fees, but if you're a beginner or seek a wider investment selection and clear fee structures, consider exploring other brokerages.
FAQs
Is Malahon safe to trade?
Malahon Securities, established in Hong Kong, allows trading Hong Kong stocks. Since they're a Hong Kong-based brokerage, they are subject to regulations that aim to protect investors, such as client money segregation and participation in an Investor Protection Scheme (IPS) with coverage limits.
Is Malahon a good platform for beginners?
Malahon Securities, with its lack of educational resources, unclear account details, and hidden fees, wouldn't be ideal for beginners navigating the complexities of the stock market.
Is Malahon good for investing/retirement?
While Malahon Securities allows stock trading, its focus on active trading and limited investment options (mainly stocks) make it less suitable for 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.