GTJAI Forex Broker

GTJAI Review SummaryFounded2014Registered Country/RegionHong KongRegulationRegulated by SFCProducts & ServicesHK stocks, margin finance, equity derivatives, wealth management, fx trading, insurance, futures options, HK stock options and asset managementDemo Account/LeverageUp to 1:20SpreadFrom 0.5 pipsTrading PlatformJunhong Global APP, Global Express software, the web-based platform, MT4 and so onMin Deposit/Customer SupportOnline servicePhone: (852) 2509 9118Email: customer.service@gtjas.com.hk / ir@gtjas.com.hkSocial media: Facebook, Instagram, Linkedin and YouTube Guotai Junan Futures (Hong Kong) Limited (GTJAI) is a company based in Hong Kong that operates in the financial services industry. It is regulated by SFC holding two licenses. GTJAI offers various financial products and services. It also offers multiple trading platforms and educational tools.Pros and ConsPros Cons Regulated by SFCComplex fee schedulesVarious tradable products and servicesMultiple trading platformsMulti-channels to contactIs GTJAI Legit? GTJAI is regulated by the Securities and Futures Commission of Hong Kong (SFC). It holds two licenses of SFC: Dealing in futures contracts with No. ADI115 and Leveraged foreign exchange trading with license number: AUZ981. GTJAI's regulatory journey began on February 25, 2004. Their licensing organization is located at 26/F-28/F Low Block Grand Millennium Plaza, 181 Queen's Road Central, Hong Kong.Products & Services/Leverage GTJAI offers HK stocks, margin finance, equity derivatives, wealth management, fx trading, insurance, futures options, HK stock options and asset management to trade. The financial products in the HK stock market include stocks, warrants, bonds, unit trusts/mutual funds, and callable bull/bear contracts (CBBC), etc. For forex trading, they offer 7 major currencies (EUR, GBP, JPY, CHF, CAD, AUD, NZD) against the USD and its crosses, as well as USD/CNH and USD/HKD for a total of 30 currency pairs with 1:20 leveraged.Account Type GTJAI offers many types of accounts designated to trade different products such as securities, futures, stock options, forex and so on. To open the accounts of GTJAI, you can download “Account Opening Forms” and choose the account type. Then, fill in the private information such as mobile phone number, identity card, a Mainland Chinese identity card, or a passport and so on.GTJAI Fees GTJAI charges different fees for varying products and financial services. For forex trading, they require the minimum limit order spread of 0.5 pips, LFX trading amount per order of minimum 10,000 amounts of base currency and maximum 3,000,000 amounts of base currency (differ across clients).Trading AmountMinimum: 10,000 base currencyMaximum: 3,000,000 base currency (varies across clients)Margin RequirementInitial Margin: 5%Maintenance Margin: 3%Minimum Spread0.5 pips (Dynamic)CommissionOnline Trading: USD 50.00 (negotiable) per $100,000 base currencyPhone Dealing: Additional USD 10.00 per $100,000 base currencyProfit or LossDirect Quotation Example: - Sell 1 lot EUR/USD at 1.10832, Buy 1 lot at 1.11856: Loss = USD 1,024.00Indirect Quotation Example: - Buy 1 lot USD/JPY at 107.502, Sell 1 lot at 108.802: Profit = USD 1,195.74 For other fees and commissions for each products, you can browse through their website or directly contact them.Trading Platform GTJAI offers various trading platforms to trade different products: Junhong Gloabal APP, Global Express software and an web-based platform to trade stock-related products, MT4 for trading forex and so on. Before trading products, you can look through detailed introductions on their website. GTJAI offers Junhong Global APP. This platform enables global investing and allows for online account opening within three minutes. It is available for both iPhone and Android users, providing access to trading in the Hong Kong, U.S., and Shanghai-Hong Kong Stock Connect markets. It also offers Global Express software. It offers a suite of tools designed for Hong Kong stock market analysis, including the latest F10 information for all listed companies, powerful technical analysis features, and a conditional stock selection function. Traders can easily access live news updates and live video broadcasts for real-time market insights, along with a convenient A+H compass tool for cross-market analysis. Besides, it facilitates their traders through an web-based trading platform. You just log in your account to make a transaction. For fx trading, it also offers MT4 trading platform. MT4 gives the trader the freedom to execute trades from multiple areas including the Quote Window, Trade Window, Full Screen Window, Toolbar and more.Deposit and Withdrawal GTJAI accepts cheque, bank transfer, telegraphic transfer, and internet banking through varying banks to make a fund deposit and withdrawal. Those banks include Standard Chartered Bank (Hong Kong) Limited, Hongkong & Shanghai Banking Corporation, Bank of China (Hong Kong) Limited, Hang Seng Bank Limited, China Merchants Bank (Hong Kong Branch), Faster Payment System FPS (HKD & CNY) and Electronic Direct Debit Authorization-eDDA (HKD). But it is noted that each bank supports different payment methods. Therefore, you can click: https://www.gtjai.com/en/payment_methods to learn more about details. Speaking to the fees, the items are as follows:Cheque Deposit Handling FeeIf deposit advice is not provided within two business days, HKD 50 (subject to actual bank fees)Remittance Bank ChargesHKD 160Local Transfer Fees (HKD)Standard local transfer fee - HKD 60Free for: SCB, HSBC, BOCHK, HSB, CMBHKLocal Transfer Fees (USD, EUR, CNY)HKD 60