MIGHTY BROKERAGE (ASIA) LTD

Mighty Brokerage (Asia) Ltd
WikiStock Rating	⭐⭐⭐
Account Minimum	N/A
Trading Fees	Commission per transaction: $5Trading Fee (HKEx): 0.00565% of transaction amountHandling Fee For Selling Securities: $100 per sell order
Account Related Fees	Returned Cheque Charge: $100 plus bank chargeStop Payment Charge: $100 plus bank chargeAdministration Fee For Recevie Statement by Mail: $100 per monthReal-Time Quote Service: $390 per monthAccount Maintenance: $100 per month
Interests on Uninvested Cash	N/A
Margin Interest Rates	N/A
Mutual Funds Offered	No
App/Platform	GoTrade mobile app
Promotion	N/A

MIGHTY BROKERAGE (ASIA) Information

　　Mighty Brokerage (Asia) Ltd, based in Hong Kong, offers a variety of tradable securities including stocks, ETFs, warrants, and CBBCs through their GoTrade mobile app.

　　They provide competitive commission fees at $5 per transaction and charge additional fees for services like real-time quotes. Located at Shop 68-70, Manor Centre, 218 Fuk Wing Street, Kowloon, they are regulated by the Securities and Futures Commission (SFC), ensuring compliance with local financial regulations. Their competitive customer support via phone and email enhances accessibility for investors.

Pros and Cons

　　Mighty Brokerage (Asia) Ltd offers competitive commission fees at $5 per transaction, which is advantageous for frequent traders looking to minimize costs. The brokerage also provides a wide range of tradable securities, including stocks, ETFs, warrants and CBBCs. The availability of a dedicated mobile trading platform, GoTrade app, enhances convenience and accessibility for investors who prefer to manage their investments on-the-go. Being regulated by the Securities and Futures Commission (SFC) adds a layer of credibility and trustworthiness, reassuring clients of adherence to regulatory standards. Responsible customer support through phone and email further strengthens their service offering, ensuring assistance is readily available during business hours.

　　However, Mighty Brokerage (Asia) Ltd imposes high fees for certain services such as real-time quotes, which deter cost-conscious traders or those requiring frequent market updates. Another drawback is the apparent lack of research reports or detailed market analysis tools, which could limit informed decision-making for investors who rely heavily on such information.

Is MIGHTY BROKERAGE (ASIA) LTD Safe？

• 　　Regulations:

　　MIGHTY BROKERAGE (ASIA) LTD is regulated by the Securities and Futures Commission (SFC) of Hong Kong and holds a Securities Trading License with License No. AXT419. This license permits the company to engage in securities trading activities under the regulatory oversight of the SFC, ensuring compliance with the established standards and regulations governing the securities industry in Hong Kong.



• 　　Funds Safety:

　　Mighty Brokerage (Asia) Ltd does not provide insurance coverage for customer account balances.

• 　　Safety Measures:

　　Mighty Brokerage (Asia) Ltd employs robust security measures, including Comodo SSL certification, to ensure the encryption of all data transmissions between servers and clients. This SSL certificate adheres to international financial and banking standards, ensuring that sensitive information remains secure during online interactions.



What are Securities to Trade with MIGHTY BROKERAGE (ASIA) LTD？

　　Mighty Brokerage (Asia) Ltd offers a range of tradable securities including:

　　Stocks: These represent ownership stakes in publicly traded companies, enabling investors to participate in the company's growth and receive dividends. Stocks are categorized into sectors such as financials, utilities, and real estate, with distinctions like blue chips, red chips, and H shares. Monitoring market conditions and individual stock performance is crucial due to potential price fluctuations.

　　ETFs (Exchange Traded Funds): ETFs are portfolios of stocks or other assets that trade on an exchange like individual stocks. They provide diversification benefits and are cost-efficient, tracking indices or specific sectors. Understanding market dynamics and fund specifics is essential for investors assessing ETFs.

　　Warrants: Warrants are derivative instruments issued by companies or financial institutions, offering leverage for investors. They allow investors to speculate on the price movements of underlying assets at a fraction of the cost. Warrants involve higher risks due to leverage, requiring careful evaluation before investment.

　　CBBCs (Callable Bull/Bear Contracts): CBBCs are structured products linked to underlying assets, allowing investors to benefit from price movements without owning the actual asset. They offer leveraged exposure and are structured with a strike price and expiry date. Investors must monitor market conditions closely as CBBCs can be volatile.



MIGHTY BROKERAGE (ASIA) LTD Fees Review

• 　　Commissions and Fees

　　MIGHTY BROKERAGE (ASIA) LTD applies a competitive fee structure covering various aspects of securities trading, account management, and related services. Here's a breakdown of the fee types:

　　Securities Trading Service:

　　Mighty charges a flat commission of $5 per transaction. In addition to this, transactions are subject to Stamp Duty levied by the HKSAR Government, calculated at 0.1% of the transaction amount with a minimum charge of $1. The Securities and Futures Commission imposes a Transaction Levy at 0.0027% of the transaction amount, while the Hong Kong Exchanges and Clearing Ltd applies a Trading Fee of 0.00565% of the transaction amount.

　　Nominee Services & Corporate Actions:

　　For services related to CCASS (Central Clearing and Settlement System), Mighty imposes fees such as $1 per board lot for CCASS Registration Scrip Fee and $10 for collecting cash dividends, interests, or cash distributions. Fees for specific actions like exercising rights or capital warrants vary, with charges set at $5 per board lot for Mighty and $0.8 per board lot for CCASS, among others.

　　Scrip Handling and Settlement:

　　Mighty's fees for scrip handling and settlement include charges such as $10 for handling share consolidation or split, and $50 for claiming dividends or other distributions. CCASS charges also apply, such as $3.5 per board lot for returned physical scrip and varying fees for settlement instructions.

　　Account Maintenance:

　　Maintenance fees cover services like electronic statements (free of charge), with fees for paper statements at $100 per month. Additional charges apply for retrieving statements beyond one month, confirmation of share balances, and real-time quote services at $390 per month.

　　Other Services:

　　Various additional fees include charges for IPO application services ($10 per application), IPO loan applications ($100 per application), and specific account services like stock segregated accounts ($10 per month) and transaction fees for services such as Change of Registered Shareholder ($10 per certificate).

　　Comparing Mighty Brokerage (Asia) Ltd's fees with popular brokers, the $5 commission per transaction is considered low. The additional fees such as Stamp Duty and Transaction Levy are standard and in line with regulatory requirements in Hong Kong.

Fee Type	Institutions	Charges
Commission per transaction	Mighty	$5
Stamp Duty	HKSAR Government	0.1% of transaction amount, minimum $1
Transaction Levy (SFC)	Securities and Futures Commission	0.0027% of transaction amount
Trading Fee (HKEx)	Hong Kong Exchanges and Clearing Ltd	0.00565% of transaction amount
Handling Fee For Selling Securities	Mighty	$100 per sell order
CCASS Settlement Fee	CCASS	0.005% of trade amount
CCASS Registration Scrip Fee	Mighty / CCASS	$1 per board lot
Collection Fee of Cash Dividend/Interest	Mighty / CCASS	$10 / 0.12% of dividend/interest collected
Exercise of Rights / Capital Warrants	Mighty / CCASS	$$5 per board lot (Min$$10, Max $100)
Cash / Share Offer or Privatization	Mighty / CCASS	$$10 /$$0.8 per board lot (Max $10,000)
Ad Valorem Stamp Duty	HKSAR Government	$$1 for every$$1,000 or part thereof
Fee For Handling Share Consolidation / Split	Mighty	$10
Exercise of Warrants / CBBC	Mighty / CCASS	$$50 /$$0.8 per board lot (Max $10,000)
Claim Dividend or Other Distribution	Mighty / CCASS	$$50 /$$200
Returned Physical Scrip	Mighty / CCASS	$$5 per cert / $$3.5 per board lot
Physical Scrip Withdrawal Charge	Mighty / CCASS	$$5 per cert /$$3.5 per board lot
Settlement Instruction (SI)	Mighty / CCASS	$50 per transaction
Investor Settlement Instruction (ISI)	Mighty / CCASS	$50 per transaction
Returned Cheque Charge	Mighty	$100 plus bank charge
Stop Payment Charge	Mighty	$100 plus bank charge
Administration Fee For Receive Statement	Mighty	$100 per month
Retrieving Daily / Monthly Statement	Mighty	Free / $50 per copy / $100 per copy
Confirmation of Share Balance	Mighty	$100 per copy
Real-Time Quote Service	Mighty	$390 per month
IPO Application Service Charge	Mighty	$10 per application
Application for IPO Loan	Mighty	$100 per application
Stock Segregated Account Service	Mighty / CCASS	$$10 per month /$$10 per month (hard copy statement)
Stock Segregated Account Transfer Instruction	CCASS	$1 per transaction
Change of Registered Shareholder	Mighty	$$10 per certificate /$$100 per stock
Share Registrar	Share Registrar	$2.5 per certificate
Redemption of Bonds	Mighty	$50
Deposit through PPS	Mighty	Nil ($5,000 or more) / $6 (Less than $5,000)



• 　　Margin Interest Rate

　　Mighty Brokerage (Asia) Ltd offers a margin financing rate that varies; customers need to inquire for specifics. For cash accounts, overdue interest is charged at P+5% p.a. For IPO loans, interest on overdue repayments can be obtained by contacting their customer service representatives for detailed information and rates.

MIGHTY BROKERAGE (ASIA) LTD App Review

　　The “GoTrade” app by Mighty Brokerage (Asia) Ltd is a dedicated mobile platform designed for investors in the Hong Kong stock market. It offers real-time market information and enables swift stock trading directly through Hong Kong's electronic trading system.

　　Key features include streaming real-time quotes for Hong Kong stocks, instant stock trading capabilities, and access to essential account information such as balances, open interests, and transaction histories. The app emphasizes convenience, speed, and accuracy, providing investors with tools to make informed trading decisions on-the-go.

　　To download the app, users can visit the Apple App Store or Google Play Store and search for “GoTrade”.



Research & Education

　　Mighty Brokerage (Asia) Ltd offers a range of educational resources and market information tools including free and premium services such as real-time streaming quotes, market indices (both Hong Kong and global), stock quotes, and news updates.

　　Their platform includes free and subscription-based services such as streaming real-time quotes, which provide immediate market updates and real-time charts. They also offer a free 15-minute delayed quote service for basic market information.

　　Comparing with popular brokers, Mighty Brokerage's provision of free delayed quotes and subscription-based real-time services aligns with industry standards. However, the $370 annual fee for streaming real-time quotes can be considered high compared to platforms offering similar services for lower or no cost.



Customer Service

　　Mighty Brokerage (Asia) Ltd offers responsible customer support via phone at (852) 2655 7011 and email at enquiry@mightybrok.com. Their office, located at Shop 68-70, Manor Centre, 218 Fuk Wing Street, Kowloon, operates during weekdays from 09:00 to 17:30, and on Saturdays from 09:00 to 13:00.

　　The support team is available to assist with inquiries regarding account management, trading services, and general information about their offerings.



Conclusion

　　In conclusion, Mighty Brokerage (Asia) Ltd presents a competitive option for traders seeking straightforward commission structures and a wide range of tradable securities. The GoTrade mobile app enhances accessibility, though clarity on account minimums and detailed fee structures would benefit potential clients. Regulated by the Securities and Futures Commission (SFC), it offers a level of regulatory assurance.

　　The platform is suitable for investors who value competitive trading fees and a mobile-centric approach to managing investments, provided they are comfortable with the specific fee details and seek a regulated brokerage experience in Hong Kong.

FAQs

• 　　Is Mighty Brokerage (Asia) Ltd safe to trade with？

• 　　Mighty Brokerage (Asia) Ltd is regulated by the Securities and Futures Commission (SFC) of Hong Kong, ensuring compliance with strict financial regulations to safeguard investor interests.

• 　　Is Mighty Brokerage (Asia) Ltd a good platform for beginners？

• 　　Yes, Mighty Brokerage (Asia) Ltd offers a user-friendly GoTrade app and sufficient customer support, making it accessible for beginners to start trading stocks and ETFs.

• 　　Is Mighty Brokerage (Asia) Ltd a legitimate platform？

• 　　Yes, Mighty Brokerage (Asia) Ltd is a legitimate brokerage firm regulated by the Securities and Futures Commission (SFC), providing a secure environment for trading securities.

• 　　Is Mighty Brokerage (Asia) Ltd good for investing or retirement planning？

• 　　Mighty Brokerage (Asia) Ltd offers a wide range of tradable securities and competitive trading fees, making it suitable for both short-term investing and long-term retirement planning strategies.

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.