Prudential Brokerage

Prudential Brokerage
WikiStocks Rating	⭐⭐⭐
Fees	Commissions:HK Stocks:0.125%,RMB Stock:Min as 80 yuanChina Connect:Min as 80 yuan,Global:From 0.18%(U.S Shares)to 0.5%(South Korea Shares)
Interests on uninvested cash	1.65%
Mutual Funds Offered	Yes
Platform/APP	Prudential Trade(IOS,Android,Web),Prudential Futures & Options Trade(IOS,Android,Web)
Promotion	New stock subscription promotion with zero interest margin loans

Prudential Brokerage Information

　　Prudential Brokerage, rated three stars by WikiStocks, offers a competitive commission rate of 0.125% of HK stocks.

　　The brokerage supports a broad investment portfolio, including mutual funds, and provides a user-friendly trading experience through its Prudential Trade and Prudential Futures & Options Trade platforms, available on iOS, Android, and Web.

　　However, a potential drawback is the relatively modest interest rate of 1.65% on uninvested cash, which will not appeal to all investors seeking higher passive income from their unutilized balances.

Pros & Cons

　　Pros:

　　Prudential Brokerage is regulated by the SFC, ensuring reliable oversight and compliance with financial regulations. The Prudential Trade trading platform enhances user experience with accessibility across multiple devices. Additionally, Prudential Brokerage offers a variety of tradable securities, including stocks, futures, and warrants, supported by a detailed fee structure that provides transparency to its users.

　　Cons:

　　Despite its advantages, Prudential Brokerage has some drawbacks, including the imposition of trading fees for many of its products, which can add up and affect the overall cost-effectiveness. The brokerage also offers limited investment services, which will not satisfy the needs of more diverse or advanced investors looking for a broader range of investment opportunities and financial services.

Is Prudential Brokerage Safe？

　　Regulations:

　　Prudential Brokerage is regulated by the Securities and Futures Commission (SFC) of Hong Kong, under license number ABI439.

　　Established in 1989, the SFC is an independent statutory body with investigative, remedial, and disciplinary powers, derived from the Securities and Futures Ordinance and related legislation.

　　Funds Safety:

　　Being regulated by the SFC implies that Prudential Brokerage must comply with financial and operational conduct requirements, which typically include measures to safeguard client assets.

　　Clients can be reassured that their funds are managed with high standards of security due to these regulatory requirements.

　　Safety Measures:

　　Prudential Brokerage employs various safety measures to protect client data and funds. Their privacy policy indicates the use of encryption technologies to secure client information during internet transactions. Additionally, data provided by clients is strictly controlled and will only be shared with subsidiaries, governmental, or regulatory bodies as required by law. This careful handling of data ensures that clients' information and assets are handled securely and with confidentiality, aligning with legal and regulatory requirements.

What are securities to trade with Prudential Brokerage？

　　At Prudential Brokerage, clients have access to a diverse range of securities and trading options. These include:

• Stocks: Both local (HK) and global stocks are available for trading, providing a broad market reach.

• Futures and Options: Clients can trade in index futures/options and stock futures/options, allowing for strategic investments based on market predictions and hedging.

• Warrants and IPOs: Offers opportunities to invest in warrants and Initial Public Offerings (IPOs), which can appeal to different types of investors looking for growth or new market entries.
• HSI and HSCEI: Specific indexes such as the Hang Seng Index (HSI) and the Hang Seng China Enterprises Index (HSCEI) are also tradable, targeting key market segments.

• China Connect: This service provides access to Mainland Chinas markets through the HK and China Connect program, enabling cross-border trading which expands the investment landscape for clients.

Prudential Brokerage Fee Review

　　The fee structure of Prudential Brokerage is , designed to satisfy a wide range of trading activities, with detailed fees tailored to different securities, markets, and trading styles:

• Stock Trading Fees:

　　1. Stocks in HKD

• Commission Fee: Transaction Amount x Commission Rate (Online as low as 0.125%), Minimum $100 (Online $75)
• Stamp Duty: 0.1% on the value of the transaction, applied to both buyer and seller
• Transaction Levy: 0.0027%
• Trading Fee: 0.00565%
• CCASS Settlement Fee: 0.01%, Minimum $3, Maximum $300
• FRC Transaction Levy: 0.00015% per side of the transaction.


　　2. Stocks in RMB

• Commission Fee: Transaction Amount x Commission Rate, Minimum ¥80 (Online ¥50)
• Stamp Duty: 0.1% on the value of the transaction, applied to both buyer and seller
• Transaction Levy: 0.0027%
• Trading Fee: 0.00565%
• CCASS Settlement Fee: 0.01%, Minimum ¥3, Maximum ¥300
• FRC Transaction Levy: 0.00015% per side of the transaction


　　3. China Connect

• Brokerage Rate: Based on the consideration of the transaction, Minimum ¥80
• Handling Fee: 0.00341% of the transaction per side
• Securities Management Fee: 0.002% of the transaction per side
• Transfer Fee: 0.002% per side under ChinaClears Shanghai-Hong Kong Stock Connect Rules and the General Rules of CCASS for Northbound Clearing services by HKSCC
• Portfolio Fee (New CCASS Fee): 0.008% p.a. of the daily stock portfolio value, calculated daily
• Stamp Duty: 0.05% on the seller only


　　4. Global Stocks & Bonds

• Brokerage: Varies by region, e.g., Non-OTC Stock: 0.18% of Transaction Amount; OTC Stock: USD 0.016 per share or 0.18% of Transaction Amount (the higher), Minimum USD 20 Per Order for US Shares
• Dividend Handling: Varies, e.g., 2% of Dividend for US Shares (Dividend Tax Deducted); Dividend Tax 0 - 30%
• SEC Fees: Rate changes irregularly per calendar year based on US SEC policy, applicable per SELL trade only
• Custodian Fee: For Australian shares, stock portfolio value x 0.05% / 12, Minimum fees AUD 1.0 payable end of each month


　　Other Charges: Include a Transfer Duty of $5 per deed, Scrip Fee ranging from $1 to $2 per lot depending on entitlement receipt, and various withdrawal and handling fees associated with CCASS.


• Stock Options and Futures Trading Fees:
• Stock Options Commission: Varies between 0.15% (min $50) for online and 0.25% (min $100) for phone trading. Additional trading fees and levies per contract include Tier No. 1 at $3, Tier No. 2 at $1, and Tier No. 3 at $0.5.

• Futures and Options on Indices and Stocks: Day trading fees for HSI Futures are $10, and overnight fees are $18, with phone trading considerably higher at $60 and $100 respectively. The settlement fees include specific levies like the Trading Fee of $10.54 and additional charges for H-shares and Tech Index futures and options.
• Additional Service Fees and Penalties:
• Inactive Account Fees: Quarterly administration fees and custody fees are applied to accounts with low activity or balances, ensuring accounts are maintained efficiently.
• Interest Rates: On Margin Accounts and Rolling Cash Accounts, interest is charged at 3% and 2% over the prime rate respectively, with penalties for margin calls.


　　Please note that the fee structure of Prudential Brokerage is extremely complex and , and cannot be fully described here. Users can visit their official website to view the complete fee schedule.

Prudential Brokerage Trading Platrform Review

　　Prudential Brokerage offers a suite of trading platforms designed to meet different trading needs and preferences.

• Prudential Trade:
• Accessibility: Available on iPhone, iPad, and Android devices, allowing users to trade anytime, anywhere through the Prudential Trade mobile app.
• Features: The app offers real-time streaming market quotes, customizable user interface, and detailed order status and account positions, making it easy for users to place and manage their trades on the go.

• Prudential Futures & Options Trade - Professional:
• Compatibility: Designed for Windows 7 and above, this platform supports trading of Hong Kong Futures and Options products, including HSI, Mini-HSI, HHI, and Mini-HHI.
• Advanced Features: It provides a fast and reliable trading system with real-time streaming market quotes, a 50-level market depth, and sophisticated trading functions such as Up/Down Trigger Limit, Time to Send, Bull & Bear, OCO, Fill And/Or Kill, Auction, Enhanced Stop, and Stop Loss.
• User Experience: The platform offers a fully customizable user interface to suit various trading styles and includes click-to-trade functionality for fast and simple order placing.


Promotion

　　Take advantage of Prudential Brokerage's exclusive promotion offering zero-interest margin loans for new stock subscriptions! This limited-time offer enhances your purchasing power, allowing you to invest in new stocks without the added burden of interest, giving your portfolio the potential for greater growth. Contact us today to seize this exceptional opportunity.



Customer Support

　　Prudential Brokerage offers customer support through multiple channels to address the needs of its clients efficiently.

　　Clients can reach the service hotline at +852 2143 3906 for Hong Kong or 400 1200 550 for Mainland China inquiries.

　　For email communications, the address is info@pru.com.hk. Additionally, Prudential Brokerage has several office locations in Hong Kong, including Central (Head Office), Aberdeen, Tsim Sha Tsui, Hung Hom, and Tsuen Wan, providing accessible points of contact for personal service.



Conclusion

　　Prudential Brokerage is a well-established financial services provider offering a broad array of trading options through its advanced platforms like Prudential Trade and Prudential Futures & Options Trade.

　　The brokerage meets diverse client needs with features such as real-time market quotes, a fully customizable user interface, and sophisticated trading tools designed for both casual and professional traders.

　　With customer support accessible through multiple channels and strategic office locations, Prudential Brokerage stands out as a reliable partner for trading in global and local markets.

FAQs

• What trading platforms does Prudential Brokerage offer？

　　Prudential Brokerage provides the Prudential Trade mobile app for trading on mobile devices, and the Prudential Futures & Options Trade platform for professional trading of Hong Kong Futures and Options on Windows systems.

• How can I contact customer service at Prudential Brokerage？

　　You can contact Prudential Brokerage through their service hotline at +852 2143 3906 for Hong Kong or 400 1200 550 for Mainland China. Alternatively, you can email them at info@pru.com.hk.

• Where are the office locations of Prudential Brokerage？
• Prudential Brokerage has several office locations in Hong Kong, including their head office in Central, and other offices in Aberdeen, Tsim Sha Tsui, Hung Hom, and Tsuen Wan.

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.