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Rating Index
Pros
Offers a variety of financial instruments including forex, CFDs, commodities, and indices.
Established presence in the market since 2005, indicating experience in the industry.
Claims to provide competitive pricing and execution speed.
Cons
Lacks proper regulation and is classified as a "suspicious clone," raising concerns about legitimacy and safety.
Mixed customer feedback regarding withdrawal issues and customer support.
Higher spreads and variable commission models may not align with industry standards, potentially affecting profitability for traders.
Hafoo Securities broker Accounts
Hafoo Securities Account Type
Hafoo Securities offers various types of accounts tailored to meet the needs of different investors, particularly those interested in trading Hong Kong and U.S. stocks. The primary account types include:
- Standard Brokerage Account: This account allows investors to buy and sell a wide range of financial instruments, including stocks, ETFs, options, and bonds.
- Trading Fees:
- HK Stocks: 0.025% of transaction amount, minimum HK$5 per order.
- US Stocks: $0.0049 per share, minimum $0.99 per order.
- Features: Access to real-time quotes, financial news, and earnings tools.
- Margin Account: Investors can borrow funds to trade larger positions, allowing for increased purchasing power.
- Risks: Higher potential for losses if market movements are unfavorable.
- Investment Account for Mainland Investors: Specifically designed for mainland investors looking to access global markets with a low entry threshold.
- Download the Hafoo Securities App:
- Available for Android users directly from the app store.
- iOS users can either use an overseas Apple ID or the TestFlight method.
- Navigate to Account Opening:
- Open the app, go to "Trade," and tap "Open Account."
- Select “Mainland Existing Investor Entry.”
- Upload Documents and Fill in Information:
- Required documents include:
- Mainland ID card.
- Proof of existing offshore bank/securities account.
- Mainland bank card (for identity verification).
- Offshore bank card (for funding).
- Complete the form by uploading an ID photo, entering education and occupation details, and completing a risk disclosure questionnaire.
- Approval Time: Typically 1-2 business days.
- April Limited-Time Account Opening Offer: Up to HK$2,300 bonus for eligible new accounts, including:
- Commission-free trading for 180 days.
- Immediate deposit bonus for net deposits of HK$10,000 or more within 30 days.
Hafoo Securities Broker Account Opening Process
Opening an account with Hafoo Securities is a straightforward process that can be completed in just three steps:
Special Offers
For more information, visit: Hawk Insight
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