Fulbright Financial Group Forex Broker

Fulbright Financial Group Review SummaryFounded1999Registered RegionHong KongRegulationSFCMarket InstrumentsSecurities, Futures, Options (HK, US, Global)Demo Account❌Trading PlatformsFulbright App (Mobile), Fulbright Terminal (PC), Fulbright Web Platform, Fulbright Pro Terminal, Fulbright Speed TraderCustomer SupportPhone: +852 3108 3333, 4001-200-899 (Mainland)Email: cis@fulbright.com.hkWechat: hkfuchangFulbright Financial Group Information Fulbright Financial Group, founded in 1999 and headquartered in Hong Kong, is a licensed financial institution regulated by the Hong Kong Securities and Futures Commission, with only its futures trading company currently licensed. It offers securities, futures, and options trading in Hong Kong, the United States, and other global markets, as well as different trading platforms, however there is no demo account or clear minimum deposit disclosure.Pros and ConsProsConsRegulated by Hong Kong SFCNo demo accounts availableOffers multi-market accessMinimum deposit not clearly disclosedMultiple trading platformsLimited information about account typesIs Fulbright Financial Group Legit? Yes, Fulbright Financial Group is a licensed organization. However, only Fulbright Futures Limited now maintains an active (regulated) futures contract trading license from the Hong Kong SFC. The other two entities' licenses have expired, thus they are no longer valid.Licensed EntityLicense TypeLicense No.Effective DateCurrent StatusRegulated byFulbright Futures LimitedDealing in futures contractsAME9632005/12/5RegulatedSFC Hong KongFulbright Securities LimitedDealing in securitiesAFB8202004/11/30ExceededSFC Hong KongFulbright Asset Management LimitedAsset managementAYQ2542012/3/22ExceededSFC Hong KongWhat Can I Trade on Fulbright Financial Group? Fulbright Financial Group offers a broad range of financial services, including securities, futures, and options trading in Hong Kong and around the world.Trading InstrumentsSupportedSecurities✔Futures✔Options✔Forex❌Commodities❌Indices❌Stocks❌Cryptos❌Bonds❌ETFs❌Fulbright Financial Group Fees Fulbright Financial Group charges slightly lower costs than the industry norm, particularly for online trading. Some charges, such as handling fees and financing interest, vary by client profile and are negotiable, as is common business practice.CategoryService/ItemFee (HKD)RemarksTrading CommissionsHong Kong Securities (Phone)0.20% (min $90)NegotiableHong Kong Securities (Online)0.10% (min $30)NegotiableIPO Subscription (Cash/Margin)$20 / $100Online cash: FreeGrey Market (Phone/Online)0.20% / 0.15% (min $90 / $80)Regulatory ChargesStamp Duty0.10%Min $1SFC Transaction Levy0.00%Exchange Fee (HKEx)0.01%Clearing Fee (HKSCC)0.005% (min $5, max $200)FRC Transaction Levy0.00%Interest ChargesMargin Account / Cash Account InterestP+1.8% or ~7.05%HSBC Prime Rate BasedCustody & Agent ServicesStock Transfer (SI/ISI)Free (deposit), $5/lot (withdraw, min $500)HKSCC fees applyStock Withdrawal (Physical)$5/lotIncl. $3.5 HKSCC feeDividend Collection0.5% (min $20, max $10,000)Incl. HKSCC fee 0.12%Bonus Shares / Rights SubscriptionFree / $100 + $0.80/lotMax $10,000IPO Handling (Cash/Margin)$20 / $100Other FeesMonthly Statement Reissue / Mailing$50/month eachMailing fee effective since Sep 2023SFO Section 329 Request$4,000 per caseTrading PlatformPlatform NameSupportedAvailable DevicesSuitable forFulbright App (Mobile)✔MobileBeginner to Intermediate TradersFulbright Terminal (PC)✔PCIntermediate TradersFulbright Web Platform✔Web BrowserIntermediate TradersFulbright Pro Terminal✔Desktop DownloadProfessional TradersFulbright Speed Trader✔Desktop DownloadHK High-Frequency TradersDeposit and Withdrawal Fulbright Financial Group does not charge any fees for deposits or withdrawals, though banks may apply charges depending on the method used. It does not mention a minimum deposit amount. Deposit OptionsDeposit MethodDeposit FeesDeposit TimeeDDA Fast Deposit❌InstantFPS (Faster Payment System)~2 hours (9:00 – 17:00 on trading days)*Online Bank Transfer1–3 working daysCheque or Cashiers Order2+ working days Withdrawal OptionsWithdrawal MethodWithdrawal FeesWithdrawal TimeBank Transfer ❌Processed same day if submitted 9:00–13:00; otherwise next working dayChequeIssued same day if within processing hours