Huafu International (HK)

Huafu International (HK)
WikiStock Rating	⭐⭐⭐
Account Minimum	No minimum balance required
Fees	0.09% for online trading, 0.2% for offline trading
Account Fees	Varies by service, typically low
Mutual Funds Offered	Yes
App/Platform	Huafu International APP, supports online account management, trading, and fund transfers with two-factor authentication
Promotions	No

Huafu International Information

　　Huafu International (HK) is a securities trading platform regulated by the Securities and Futures Commission (SFC) of Hong Kong, offering low fees for online trading and a user-friendly mobile app with advanced security features. It supports a wide range of financial instruments and provides comprehensive customer support. However, it charges higher fees for offline trading and primarily caters to residents within the Hong Kong Special Administrative Region (HKSAR).

Pros and Cons of Huafu International (HK)

　　Huafu International (HK) stands out for its strong regulatory oversight by the Securities and Futures Commission (SFC) of Hong Kong, ensuring strict compliance with financial standards. The platform provides comprehensive customer support through hotlines in both Mainland China and Hong Kong, and via email. It employs advanced encryption technologies and two-factor authentication to secure funds and safeguard user information. The platform also offers real-time quotations and a diverse range of securities for trading, including access to the Hong Kong Stock Exchange (HKEX), U.S. stock markets, and the Shanghai-Hong Kong Stock Connect. However, the higher fees for offline trading and the need to confirm insurance coverage limits directly with Huafu International are potential drawbacks. Additionally, the service is primarily targeted at residents within the Hong Kong Special Administrative Region (HKSAR), limiting access for users in other regions.

Is Huafu International (HK) safe？

　　Regulations

　　Huafu International (HK) is regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring compliance with strict financial regulations and standards.

　　Safety Measures

　　Huafu International employs advanced encryption technologies to secure fund storage and safeguard user information. They implement robust account security measures to prevent unauthorized access and protect against data breaches. These measures include two-factor authentication and regular security audits to ensure high levels of protection for their clients.

What are securities to trade with Huafu International (HK)？

　　Securities traded with Huafu International (HK) encompass a diverse range of financial instruments primarily within the Hong Kong Stock Exchange (HKEX), the U.S. stock markets, and the Shanghai-Hong Kong Stock Connect. This wide spectrum provides investors with ample opportunities to diversify their portfolios across different regions and sectors.

　　Hong Kong Stock Exchange (HKEX)

　　The Hong Kong Stock Exchange (HKEX) is one of the primary markets where Huafu International facilitates trading. This market includes a variety of equities such as blue-chip stocks, mid-cap stocks, and small-cap stocks, offering exposure to prominent companies in industries like finance, technology, real estate, and more. Additionally, investors can trade Exchange-Traded Funds (ETFs), Real Estate Investment Trusts (REITs), and derivative products such as warrants and options.

　　U.S. Stock Markets

　　Huafu International also provides access to U.S. stock markets, including major exchanges like the New York Stock Exchange (NYSE) and the Nasdaq. This allows investors to trade shares of leading global companies, particularly in the technology, healthcare, and consumer goods sectors. Furthermore, trading in American Depositary Receipts (ADRs) is facilitated, enabling investment in non-U.S. companies through U.S. markets.

　　Shanghai-Hong Kong Stock Connect

　　The Shanghai-Hong Kong Stock Connect, often referred to as 中华通, is a mutual market access program that links the Hong Kong Stock Exchange and the Shanghai Stock Exchange. Through this connect, investors can trade Shanghai-listed A-shares directly. This is particularly significant for gaining exposure to mainland Chinese companies, providing opportunities in various sectors from technology to consumer staples and industrials.

　　In summary, trading securities with Huafu International (HK) encompasses a wide array of financial products across HKEX, U.S. markets, and Shanghai-Hong Kong Stock Connect. This facilitates broad market exposure and the ability to leverage diverse investment opportunities globally.

Huafu International (HK) Accounts

　　Huafu International (HK) offers two primary account types for securities trading: Individual Accounts and Corporate Accounts. Each type has specific steps and requirements for opening, detailed below.

　　Individual Account

　　Individual Accounts are designed for personal investors who wish to trade securities. The process for opening an individual account is streamlined through Huafu International's online platform.

　　Steps for Opening an Individual Account:

• 　　Install the Huafu International APP: Begin the account opening process through the online account opening function within the app.

• 　　Prepare Identification Documents: Provide identification documents and address proof issued within the last three months.

• 　　Complete the Account Opening Form: Fill in all relevant sections. Ensure that no information is incomplete or omitted to avoid delays.

• 　　Read the Client Agreement and Risk Disclosure: Carefully review the securities trading client agreement and risk disclosure. Seek independent professional advice if necessary.

• 　　Retain Key Documents: Keep a copy of the Client Agreement, Fees, Commission, and Charges for reference.

• 　　E-signature: Complete the declaration in the Account Opening Form and submit your E-signature via the app.

• 　　Review and Confirmation: The application will be reviewed, and upon successful approval, you will receive a confirmation email at the registered email address.

　　Corporate Account

　　Corporate Accounts cater to businesses and corporate entities that require securities trading services. The process for opening a corporate account is more involved and requires an appointment.

　　Steps for Opening a Corporate Account:

• 　　Make an Appointment: Schedule an appointment for the corporate account opening application. A representative will assist with the process.

• 　　Prepare Required Documents: You will be provided with a list of required documents for the application.

• 　　Complete the Account Opening Form: Fill in all relevant sections and provide all necessary supporting documents. Ensure all information is complete to avoid delays.

• 　　Sign in Presence of Staff: Sign the Account Opening Form and any other required forms under the witness of Huafu International's staff.

• 　　Read the Client Agreement and Risk Disclosure: Carefully review the client agreement and risk disclosure statements. Seek independent professional advice if needed.

• 　　Retain Key Documents: Keep a copy of the Client Agreement, Fees, Commission, and Charges for future reference.

• 　　Final Signatures and Submission: Complete the declaration and sign the documents. Submit the application for processing.

• 　　Review and Confirmation: Upon successful review, a confirmation email will be sent to the registered email address.



Huafu International (HK) Fees Review

　　Fees of Hong Kong Stock Exchange (HKEX)

　　Huafu International (HK) provides a detailed breakdown of fees for trading on the Hong Kong Stock Exchange (HKEX).

　　Commission for online trading is 0.09%, with a minimum charge of HKD 10. For offline trading conducted via phone orders, the commission is higher at 0.2%, with a minimum charge of HKD 100.

　　Transaction levies include a fee charged by the Hong Kong Securities and Futures Commission, which is 0.0027% of the transaction value, with a minimum fee of HKD 0.01. Additionally, there is a levy collected by the Financial Reporting Council (FRC) at 0.00015%, rounded to the nearest cent, effective from January 1, 2022.

　　The trading fee is 0.00565% of the transaction value, with a minimum of HKD 0.01.

　　Stamp duty is 0.1% of the gross transaction amount, rounded up to the nearest dollar, with a minimum charge of HKD 1.

　　The CCASS (Central Clearing and Settlement System) fee is 0.005% of the gross amount.

　　Fees of U.S. Stock Markets

　　For trading on the U.S. stock markets, Huafu International outlines the following fees:

　　Commission for online trading is 0.09%, with a minimum charge of USD 10.

　　Clearing fee is 0.003 USD per share, with a minimum of USD 0.50.

　　SEC fee (only charged for sell orders) is 0.000278% of the gross amount, with a minimum of USD 0.01.

　　Trading activity fee (only charged for sell orders) is 0.000119 USD per share, with a minimum of USD 0.01 and a maximum of USD 5.95.

　　Fees of Shanghai-Hong Kong Stock Connect

　　For trading through the Shanghai-Hong Kong Stock Connect, the following fees apply:

　　Commission for online trading is 0.09%, with a minimum charge of CNY 10. For offline trading conducted via phone orders, the commission is higher at 0.2%, with a minimum charge of CNY 100.

　　Handling fee is 0.00341% of the gross transaction amount.

　　Securities management fee is 0.002% of the gross amount.

　　Stamp duty (only charged for sell orders) is 0.1% of the gross amount, rounded up to the nearest CNY.

　　Transfer fee is 0.003% of the gross amount, with a minimum of CNY 0.02.

　　Understanding these fees is crucial for investors as they directly impact the cost of trading and the overall profitability of investments across different markets.



Huafu International (HK) App Review

　　The Huafu International APP is a modern mobile trading platform by Huafu International. It offers a complete range of services including online account opening, fund deposits, fund withdrawals, and stock trading.

　　Key Features:

• 　　Two-Factor Authentication: Enhances security for safer and more reliable order placements.

• 　　Real-Time Quotations: Provides up-to-date market prices and trends, helping investors make informed decisions.

• 　　Account Management: Users can open accounts online, deposit and withdraw funds quickly and easily.

　　For support, users can contact customer service at (852) 3850 8188 (Hong Kong) or 4008 411 628 (Mainland China).

　　The app is available for download on Google Play, the App Store, and as an APK for manual installation, ensuring accessibility across different devices.



Customer Service

　　Huafu International offers robust customer support through multiple channels. Their hotlines are available for both Mainland China at 4008 411 628 and Hong Kong at (852) 3850 8188 and (852) 2388 3618. For email support, customers can reach them at cs@hfisec.com.hk. Their physical office is located at Units 2603-2604, 26/F, Infinitus Plaza, 199 Des Voeux Road Central, Sheung Wan, Hong Kong. This ensures comprehensive support for various customer needs, including inquiries and assistance with their services.



Conclusion

　　Huafu International (HK) is a well-regulated securities trading platform offering competitive online trading fees and a user-friendly mobile app with robust security features. It caters primarily to residents of the Hong Kong Special Administrative Region (HKSAR), providing comprehensive customer support and a wide range of financial instruments. While it has higher fees for offline trading and limited information on some services like interest on uninvested cash, it remains a solid choice for investors seeking a reliable and secure trading platform.

FAQs

• 　　Is Huafu International (HK) safe to trade？

　　Yes, Huafu International (HK) is regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring compliance with strict financial regulations. They also employ advanced encryption technologies and two-factor authentication to secure funds and protect user information.

• 　　Is Huafu International (HK) a good platform for beginners？

　　Huafu International (HK) offers a user-friendly mobile app and comprehensive customer support, making it suitable for beginners. The platform provides real-time quotations and a wide range of financial instruments to help new investors make informed decisions.

• 　　Is Huafu International (HK) legit？

　　Yes, Huafu International (HK) is a legitimate trading platform regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring it adheres to stringent financial standards and regulations.

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.