興偉

Hing Wai
WikiStock Rating	⭐ ⭐ ⭐
Account Minimum	HKD 10,000
Fees	Securities trading services: 0.25% commission per transaction, minimum HKD 100.00
Mutual Funds Offered	No
App/Platform	Web and mobile versions
Promotions	Not available yet

What is Hing Wai？

　　Hing Wai Allied Securities Limited, formerly known as Hing Wai Securities Company, was founded in 1973. Regulated by the SFC in Hong Kong, the brokerage ensures robust financial security and compliance. Hing Wai offers access to IPOs, providing valuable investment opportunities for clients. However, it does not support cryptocurrency trading and lacks live chat support, which may impact customer service responsiveness.

Pros and Cons of Hing Wai？

　　Hing Wai Allied Securities Limited is regulated by the SFC in Hong Kong, ensuring a high level of financial security and compliance. The brokerage provides access to IPOs, offering investors opportunities to participate in new market offerings. However, Hing Wai does not support cryptocurrency trading and lacks live chat support, which may impact the immediacy of customer service. Additionally, the firm offers minimal educational resources, which could be a disadvantage for investors seeking comprehensive market knowledge and guidance.

Is Hing Wai safe？

　　Regulations

　　Hing Wai Allied Securities Limited is licensed by the Securities and Futures Commission (SFC) in Hong Kong, operating under license number ABL962.

What are securities to trade with Hing Wai？

　　Hing Wai offers a variety of financial services designed to meet the diverse needs of their customers.

　　Their corporate financing service helps customers arrange their cash flow flexibility by offering competitive interest rates and inclusion of most stocks listed on the Exchange. Customers can choose to open either cash accounts or custodian accounts.

　　The nominee service provided by Hing Wai is comprehensive and attentive, freeing customers from administrative work. It includes share custodian services, dividend and bonus collection, account transfer, physical stock deposit and withdrawal, subscription of new shares, placement, and exercise of stock options and stock rights, all at reasonable charges.

　　To assist customers in navigating the ever-changing finance market, Hing Wai provides professional service through a team of knowledgeable and experienced business managers and officers who offer round-the-clock support and advice.

　　In addition, Hing Wai has embraced the trend of internet trading, providing faster and more convenient brokerage services through their website, allowing customers to trade freely online.

　　To protect both customers and the company from unforeseen events, Hing Wai has a contingency plan in place and has commissioned a team for risk management.

　　However, it does not offer bonds or cryptocurrency trading.

Hing Wai Accounts

　　Hing Wai Allied Securities Limited (Hing Wai) offers two primary types of accounts to accommodate varying investor needs:

• 　　Cash Account: A cash account allows investors to purchase securities using the cash available in the account. Trades in a cash account must be fully funded with cash before they are executed, providing a straightforward method for buying and selling securities without leverage.

• 　　Margin Account: A margin account enables investors to borrow funds from the brokerage to trade securities, using the securities held in the account as collateral. This type of account allows investors to potentially increase their purchasing power and leverage their investments.



Hing Wai Fees Review

　　Hing Wai offers a variety of financial services with specific fees for each category.

　　For securities trading services, the commission is 0.25% per transaction with a minimum charge of HKD 100.00. Stamp duty is 0.1% per transaction, calculated per thousand dollars, rounding up if necessary. The Securities and Futures Commission (SFC) transaction levy is 0.0027% per transaction, and the Stock Exchange trading fee is 0.005% per transaction. The Central Clearing and Settlement System (CCASS) fee is 0.004% per transaction with a minimum charge of HKD 4.00.

　　For handling physical stocks and settlement services, stock withdrawal from CCASS incurs a minimum charge of HKD 30.00 and HKD 5.00 per board lot. For stock transfer (S.I.), the minimum charge is HKD 20.00 and the maximum is HKD 300.00, with a fee of HKD 5.00 per board lot. CCASS segregated account transfer (I.S.I.) is HKD 5.00 per transaction.

　　Account services include monthly statement reissue within three months for free, and HKD 30.00 per statement beyond three months. Setting up an investor CCASS statement service costs HKD 20.00 per month. Dormant account service fees are HKD 100.00 per year if there are no trading activities within a year.

　　For agent services and corporate actions, dividend and bonus collection charges are 0.3% of the dividend plus an initial transfer fee of HKD 1.50 per board lot, with a minimum charge of HKD 20.00 deducted from the dividend. Scrip dividends are charged 0.3% of the receivable dividend plus an initial transfer fee of HKD 1.50 per board lot, with a minimum charge of HKD 20.00. Handling privatizations and takeovers via CCASS incurs a fee of 0.25% of the total amount, with a minimum charge of HKD 30.00 and a maximum of HKD 2500.00. Exercising warrants and rights issues costs HKD 0.80 per board lot plus a service fee of HKD 30.00 and an additional charge of HKD 10.00 per transaction. Registration and transfer fees on the record date or deemed record date are HKD 1.50 per board lot and HKD 0.75 per board lot, respectively.

　　Lending and other services include overdue interest for cash accounts at the prime rate plus 4% and margin account loan interest at the prime rate plus 3% or more. The securities subscription handling fee is HKD 30.00 per electronic subscription. Chasing dividends for clients, regardless of success, incurs a fee of HKD 200.00 per instance plus CCASS charges. Subscription securities lending fees are determined by market rates with a handling fee of HKD 100.00 per transaction. Bank service charges for CHATS (Clearing House Automated Transfer System) are HKD 140.00 per transaction.



Hing Wai App Review

　　Hing Wai offers a versatile trading platform accessible through web and mobile versions, as well as downloadable installations for Windows and Mac operating systems.



　　Among its tools, Hing Wai features the Infocast Online Option Pricer, a robust calculator simplifying option pricing calculations. This tool allows users to input six out of seven required fields, automatically computing the remaining field. Additionally, Hing Wai provides a Mortgage/Loan Amortization Calculator, aiding financial planning by estimating repayment schedules.



Customer Service

　　Hing Wai provides dedicated customer service from its headquarters located at Room 2902-03, 118 Connaught Road West, Hong Kong. Clients can reach their support team by telephone at +852 2544-2118 or through fax at +852 2545-0431. Additionally, inquiries can be directed via email toenquiry@e-hingwai.com.



Conclusion

　　Hing Wai Allied Securities Limited is regulated by the SFC in Hong Kong, ensuring strong financial security and compliance. The brokerage offers access to IPOs, making it suitable for investors interested in new market opportunities. However, it does not support cryptocurrency trading and lacks live chat support, which may impact immediate customer service responsiveness.

FAQs

　　Is Hing Wai safe to trade with？

　　Hing Wai Allied Securities Limited is licensed by the Securities and Futures Commission (SFC) in Hong Kong, operating under license number ABL962. However, detailed information about funds safety and specific safety measures is not available.

　　Is Hing Wai a good platform for beginners？

　　While Hing Wai offers versatile trading platforms, it lacks comprehensive educational resources, which may pose challenges for beginners seeking guidance and learning opportunities.

　　Is Hing Wai legit？

　　Yes, Hing Wai Allied Securities Limited is licensed by the Securities and Futures Commission (SFC) in Hong Kong, operating under license number ABL962.

Risk Warning

　　The information presented is based on WikiStock's expert evaluation of the brokerage's website data and may be subject to change. Additionally, online trading involves significant risks, including the potential for complete loss of invested funds. It is essential to fully understand these risks before participating.