BOOM Forex Broker

BOOM Review SummaryFounded1997Registered Country/RegionHong KongRegulationSFCMarket InstrumentsMulti-market stocks, futures contracts, stock futures, currency futures, interest rates futures, metal futuresDemo Account❌Trading PlatformWeb, mobileMinimum Deposit0Customer SupportTel: +852 2255 8888Email: service@boomhq.comBOOM Information Boom Securities is a Hong Kong-based online broker founded in 1997 and regulated by the Hong Kong SFC (CE Number: AEF808). It offers access to global stock and futures markets through its proprietary web and mobile trading platforms, without charging deposit or withdrawal fees.Pros and ConsPros Cons Regulated by Hong Kong SFCNo demo accounts availableAccess to 12+ global stock & futures marketsInactivity fee charged for dormant accountsNo deposit or withdrawal feesIs BOOM Legit? Boom Securities (H.K.) Limited is a legitimate and regulated financial institution. It is authorized by the Securities and Futures Commission (SFC) of Hong Kong, which is a well-respected regulatory body in the financial industry. The company holds a Dealing in futures contracts license with the license number AEF808.What Can I Trade on BOOM? Boom Securities offers a variety of trading instruments including U.S. stocks, Hong Kong and global futures, covering indexes, currencies, interest rates, commodities, energies, and metals.Tradable Instruments Supported Currencies✔Commodities✔Indexes✔Stocks✔ETFs✔Cryptocurrencies❌Bonds❌Options❌Account Type Boom Securities offers a total of 4types of live trading accounts: Individual/Joint Accounts, Corporate Accounts, Margin Accounts, and Cash Accounts. Each account is designed to suit different types of traders, from personal investors and corporate entities to active U.S. day traders.Account TypeFeatureSuitable forIndividual/JointFor individual use or jointly owned by two peoplePersonal investorsCorporateDesigned for companies to manage trading operationsBusinesses or institutionsMarginEnables flexible trading with the ability to use unsettled fundsActive or day traders in U.S. stocksCashTrades only with settled cash; no margin or unsettled proceeds can be usedConservative or long-term investorsBOOM Fees Boom Securities fee structure is transparent and generally competitive compared to industry standards. The broker does not charge hidden spreads or high platform fees, and many essential services (like deposits, withdrawals, and statements) are free of charge. However, some real-time data and corporate services may incur moderate fees.MarketCommission FeesU.S. EquitiesUSD 20 per tradeHong Kong Stocks0.18% per tradeGlobal Markets0.50% or lower per trade Non-Trading FeesNon-Trading Fees AmountDeposit Fee 0Withdrawal Fee 0Inactivity Fee HKD 200 (Individual/Joint) HKD 1,000 (Corporate)Trading PlatformTrading PlatformSupported Available Devices Web Trading Platform✔Desktop / Web BrowserMobile Trading App✔iOS & Android devicesDeposit and Withdrawal Boom Securities does not charge any fees for deposits or withdrawals. There is no minimum deposit or withdrawal amount, except for eDDA deposits, which have a minimum of HKD 200.Deposit OptionsDeposit Options Minimum DepositDeposit Fees Deposit Processing Time eDDA (Electronic Direct Debit)HKD 2000Within 5 minutes (under normal conditions)FPS / Internet / Phone Banking / ATM0Same day during business hoursBank Transfer / Telegraphic TransferVaries by bankCheque / Bank Draft/Withdrawal OptionsWithdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time To Designated Bank Account00Same day if before 12:00 PM HK timeWithdrawal by ChequeSame dayTransfer to Other Bank Accounts Processed upon approval of instruction