Funderstone Securities Forex Broker

Funderstone Securities Forex Broker - Complete Information Guide

1. Overview of the Broker

　　Funderstone Securities Holdings Limited, established in 2005, is a Hong Kong-based financial services company. The firm is headquartered at Room 1802, Capital Centre, No. 151 Gloucester Road, Wanchai, Hong Kong. Funderstone operates as a private entity and is a wholly-owned subsidiary of G-Resources Group Limited, which is listed on the Hong Kong Stock Exchange.

　　Over the years, Funderstone has developed a reputation for providing a range of financial services primarily focused on securities brokerage. The firm's client base includes private clients, institutional investors, and investment advisors, catering to a diverse range of financial needs. With a history spanning nearly two decades, Funderstone has established itself as a significant player in the Hong Kong financial market, engaging in various activities, including asset management, corporate finance advisory, and margin financing.

　　The business model of Funderstone Securities broker encompasses retail forex trading, institutional services, and comprehensive asset management solutions. The company has continuously evolved its offerings to adapt to market demands and technological advancements, making it a vital resource for traders and investors looking to navigate the complex financial landscape.

2. Regulatory and Compliance Information

　　Funderstone Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong. The regulatory licenses held by the firm include:

• License Number: AAK 018 (Dealing in Securities)
• License Number: AAD847 (Dealing in Futures Contracts)
• License Number: ACD757 (Asset Management)

　　These licenses allow Funderstone to conduct a variety of financial activities, including securities trading and asset management. However, it is important to note that the firm's regulatory status has raised some concerns, as it has been flagged for exceeding its authorized business scope.

　　Funderstone implements a client funds segregation policy, ensuring that clients' funds are kept separate from the company's operational funds. This practice enhances the security of client investments. The firm adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which require thorough verification of clients' identities and monitoring of transactions to prevent illicit activities.

3. Trading Products and Services

　　Funderstone Securities broker offers a diverse range of trading products and services to meet the needs of its clients. The company provides access to various financial instruments, including:

• Forex Currency Pairs: A wide selection of major, minor, and exotic currency pairs.
• CFD Products: Including indices, commodities, and stocks, although cryptocurrency trading is not supported.
• Special Products: Funderstone also offers unique trading opportunities such as overseas stock trading and futures contracts.

　　The firm regularly updates its product offerings to keep pace with market trends and client demands. Retail trading services are available for individual investors, while institutional clients can benefit from tailored solutions designed to meet their specific requirements. Additionally, Funderstone provides asset management services, allowing clients to leverage professional investment strategies.

4. Trading Platforms and Technology

　　Funderstone Securities broker supports the popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are widely recognized for their robust features and user-friendly interfaces. The firm also offers a proprietary web-based trading platform, ensuring clients have access to their accounts from any device with internet connectivity.

　　Mobile trading is supported through dedicated applications available for both iOS and Android devices, allowing traders to manage their investments on the go. Funderstone employs various execution models, including ECN and STP, to facilitate efficient trade execution.

　　The company's technical infrastructure is designed to provide a seamless trading experience, with servers located in strategic positions to minimize latency. Furthermore, Funderstone supports API access, enabling clients to engage in automated trading strategies.

5. Account Types and Trading Conditions

　　Funderstone Securities broker offers several account types to cater to different trading needs. The conditions for a standard account include:

• Minimum Deposit: HKD 10,000
• Spreads: Competitive spreads depending on the market conditions.
• Commissions: Varies based on the trading volume and account type.

　　In addition to standard accounts, Funderstone may provide advanced account types, including VIP and professional accounts, which offer enhanced trading conditions and lower fees. The firm does not currently offer Islamic accounts, but it does provide corporate accounts for institutional clients.

　　Funderstone allows clients to open a demo account, enabling them to practice trading strategies without risking real capital. Leverage ratios vary by product, with options typically ranging from 1:10 to 1:100, depending on the asset class. The minimum trade size is generally set at 0.01 lots, and overnight fees apply based on the positions held.

6. Fund Management

　　Funderstone supports a variety of deposit methods, including:

• Bank Transfers
• Credit Cards
• E-Wallets

　　The minimum deposit requirement for different account types is set at HKD 10,000. Deposits are processed promptly, typically within one business day. There are no deposit fees associated with bank transfers, while credit card transactions may incur a small fee.

　　Withdrawals can be made via bank transfer or cheque, and the processing time for withdrawals is generally between 1 to 3 business days. However, clients should be aware of potential withdrawal limits and fees that may apply based on the chosen method.

7. Customer Support and Educational Resources

　　Funderstone Securities broker offers multiple support channels for its clients, including:

• Phone Support: +852 2845 7711
• Email Support: enquiries@funderstone.com
• Fax Support: +852 2845 2119

　　The customer service team operates during standard business hours in the Hong Kong time zone, providing assistance in English.

　　In addition to customer support, Funderstone provides various educational resources, such as webinars, tutorials, and eBooks, to help clients enhance their trading skills. The firm also offers market analysis services, including daily updates, news, and research reports, to keep clients informed about market trends and opportunities.

8. Regional Coverage and Restrictions

　　Funderstone Securities broker primarily serves clients in Hong Kong and other regions, offering a comprehensive suite of services tailored to local and international markets. The company has established regional offices to facilitate client interactions and support.

　　However, Funderstone does not accept clients from certain jurisdictions due to regulatory restrictions. Specific countries and regions are excluded from its services, which may include high-risk jurisdictions or those with stringent regulatory requirements.

　　In conclusion, Funderstone Securities broker presents a range of trading options and services for both retail and institutional clients. While it is regulated by the SFC in Hong Kong, potential clients should conduct thorough research and consider the associated risks before engaging with the firm.