GUODU HONG KONG Forex Broker

GuoDu Review SummaryFounded2008Registered Country/RegionHong KongRegulationRegulated by SFCMarket InstrumentsHong Kong stock business, U.S. stock business, China Connect, B-share business, asset management, and investment immigrationDemo Account❌Trading PlatformGuodu Kuaiyi Professional Edition, Guodu Trading Treasure mobile APP(IOS and Android), and Guodu Token mobile APPMin Deposit/Customer SupportPhone: +852-3418 0288Email: guoduhk@guodu.com.hkFax: +852-3418 0189Address: Room 1307, 13th Floor, Bank of America Tower, 12 Harcourt Road, Central, Hong Kong GuoDu is a financial institution founded in 2008 and registered in Hong Kong. Operating within the framework of its SFC, GuoDu offers various trading products and financial services through many trading platforms.Pros and ConsPros Cons Regulated by SFCLimited payment methodsMultiple trading platforms and mobile appsNo demo accountsA range of services and productsNo social media presenceIs GuoDu Legit? GuoDu is regulated by the Securities and Futures Commission (SFC). They hold Dealing in futures contracts license with No. AVS898. However, their license of the Securities and Futures Commission (SFC) (License Type: Dealing in securities, license number: ASK641) has been exceeded.What Can I Trade on GuoDu? GuoDu offers trading in securities (Hong Kong stocks, US stocks, Shanghai-Hong Kong stock connect and China B shares) and futures (commodity futures and financial futures trading in Hong Kong). It also provides other financial services including asset management and immigrant by investments.Account Type There are two options for opening accounts with Guodu: you can choose to open your account online or offline. To open an account with GuoDu online, individuals can submit their application on the company's website, providing personal and financial information along with necessary identification documents. Upon approval, customers receive three emails confirming their account details, setting a transaction password, and activating the GuoDu token for enhanced security. For those who prefer face-to-face assistance, GuoDu offers an offline option where customers visit a branch or meet a representative. Post-verification, customers also undergo a risk assessment before receiving the account confirmation emails.GuoDu Fees GuoDu charges fees according to varying trading instruments such as Hong Kong stock, US stock, B-share, Shanghai stock connect and so on. The details are as follows: Hong Kong Stock Trading Commissions (Cash Account):TypeCommission RateMinimum ChargePhone Order0.03%HKD 30Cash Account0.2%HKD 100 US Stock Trading Commissions (Cash Account):TypeCommission RateMinimum ChargeCash Account0.15%USD 15 Share Trading Commissions (Cash Account, Phone Order):TypeCommission RateMinimum ChargeShenzhen B-Share0.12%HKD 80Shanghai B-ShareUSD 10USD 10Shenzhen B-Share0.2%HKD 100Shanghai B-Share0.2%USD 12 Shanghai Stock Connect Commissions (Cash Account, Phone Order):TypeCommission RateMinimum ChargeCash Account0.03%RMB 30Cash Account0.25%RMB 100 Shenzhen Stock Connect Commissions (Cash Account, Phone Order):TypeCommission RateMinimum ChargeCash Account0.03%RMB 30Cash Account0.25%RMB 100 Hong Kong Stock Trading Fees:Fee TypeChargeMinimum ChargeCentral Clearing Share Transaction Fee0.005%HKD 10Transaction Levy0.0027%NoneTransaction Fee0.00565%NoneStamp Duty0.1% (rounded up to HKD 1)HKD 1Financial Reporting Council Fee0.00015%None US Stock Trading Fees:Fee TypeChargeUS Stock Trading FeeUSD 0.01 to USD 8.30 per share (min. USD 0.01)US SEC Fee0.0008% of sale amount (min. USD 0.01 per transaction) Shenzhen B-Share Trading Fees:Fee TypeChargeStamp Duty0.05% (on sale)Transaction Fee0.00341%Transaction Regulation Fee0.002%Settlement Fee0.002% (max HKD 500) More details can be learned through: https://www.guodu.com.hk/fee.htmlTrading Platform GuoDu offers Guodu Kuaiyi Professional Edition, Guodu Trading Treasure mobile APP(IOS and Android), and Guodu Token mobile APP. Guodu Kuaiyi Professional Edition is a trading software for advanced investors, offering an intuitive interface, streaming quotes, technical analysis, and support for up to 10 quotes and quick orders. It provides in-depth data on Hong Kong stocks and tracks brokerage trading and shareholder changes. The Guodu Trading Treasure mobile app allows for online account opening, fast trading, and IPO subscriptions. The Guodu Token app enhances security with two-factor authentication, generating dynamic verification codes for safer transactions.Deposit & Withdrawal GuoDu accepts bank transfer and Faster Payment System (FPS) for funding payments. FPS transfers support HKD and RMB, sharing a common identification code.Bank NameCurrencyBank CodeA/C No.Bank of China (Hong Kong) LimitedHK Dollar012875 00421050Dollar875 92640195Renminbi875 06012371China Merchants Bank (Hong Kong Branch)HK Dollar238860 20549092Dollar238860 20130725Industrial and Commercial Bank of China (Asia) LimitedHK Dollar072861 502150338China Construction Bank (Asia) LimitedHK Dollar009634 004244800Wing Lung Bank LimitedHK Dollar020601 00423282