HAITONG Forex Broker

Haitong Forex Broker - Complete Information Guide

1. Broker Overview

　　Haitong International Securities Group Co., Ltd., commonly referred to as Haitong, was founded in 2007 and has established itself as a significant player in the financial services sector. The company is headquartered in Singapore, with additional offices in major financial hubs, including Hong Kong, New York, London, Tokyo, Mumbai, and Sydney. As a subsidiary of Haitong Securities Co., Ltd., which is publicly traded on the Shanghai Stock Exchange (stock code: 600837) and the Hong Kong Stock Exchange (stock code: 6837), Haitong operates under a corporate structure that emphasizes strong financial backing and extensive market expertise.

　　Haitong primarily serves retail and institutional clients, offering a broad range of financial products, including forex trading, which allows clients to diversify their investment portfolios. The firm has a rich history in the financial markets, leveraging decades of experience to navigate various market conditions. Over the years, Haitong has aimed to bridge the gap between China and global capital markets, enhancing its international competitiveness and brand influence.

　　The company operates on a business model that encompasses retail forex services, institutional services, and a robust trading platform that caters to the needs of diverse clientele. This multifaceted approach has enabled Haitong to establish a strong market presence, particularly in Asia.

2. Regulatory and Compliance Information

　　Haitong is regulated by several key financial authorities, including the Monetary Authority of Singapore (MAS) and the Securities and Futures Commission (SFC) of Hong Kong. The specific regulatory license numbers include:

• SFC License Number: AAF 806
• MAS License Number: Not explicitly stated on the website

　　These licenses enable Haitong to provide leveraged foreign exchange trading and other financial services, ensuring compliance with stringent regulatory standards. The regulatory framework mandates that client funds are kept in segregated accounts, a crucial aspect of investor protection.

　　Haitong also adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, conducting thorough due diligence to verify the identity of clients and mitigate risks associated with illicit activities. However, it's important to note that the level of customer protection features, such as negative balance protection, remains unclear.

3. Trading Products and Services

　　Haitong offers an extensive array of trading products, catering to a diverse range of investor needs. The forex broker provides access to a variety of currency pairs, with a focus on major and minor pairs. The specific details include:

• Number of Forex Pairs: Multiple, including major pairs such as USD/EUR, USD/JPY, and GBP/USD.
• CFD Product Categories: Haitong offers trading in indices, commodities, stocks, and bonds, enhancing opportunities for portfolio diversification.

　　Additionally, the broker is known for its special products and unique trading offerings, which may include futures contracts and options trading. The frequency of product updates is regular, ensuring that clients have access to the latest instruments in the market.

　　Haitong's services extend beyond retail trading to include institutional client services, white-label solutions, and asset management services, catering to a wide range of market participants.

4. Trading Platforms and Technology

　　Haitong provides its clients with access to several advanced trading platforms, including support for MetaTrader 4 (MT4), which is widely recognized for its user-friendly interface and comprehensive trading tools. The broker also offers proprietary platforms designed to meet the needs of professional traders.

• SPTrader Pro: This is Haitong's flagship trading platform, known for its robust functionality and advanced features tailored for institutional clients. It provides real-time market data, customizable charts, and various order types.
• Mobile Trading: Haitong supports mobile trading through the HT Mobile application, available for both iOS and Android devices, allowing traders to manage their accounts on the go.

　　The execution model employed by Haitong includes ECN (Electronic Communications Network) and STP (Straight Through Processing), ensuring efficient trade execution. The broker's technological infrastructure is supported by secure servers and API capabilities, enabling automated trading and integration with third-party tools.

5. Account Types and Trading Conditions

　　Haitong offers various account types to cater to different trading preferences and investment strategies. The primary account offerings include:

• Standard Account: This account type requires a minimum deposit of $0, allowing traders to access a variety of financial instruments. It features competitive floating spreads and no swap-free option.
• VIP Account: Designed for high-net-worth individuals and professional traders, this account provides enhanced services, including personalized support and lower trading fees.

　　Haitong's leverage options vary by product, with forex leverage typically set at 1:50 and CFDs at 1:20. The minimum trade size is 0.01 lots, and the stop-out level is set at 50%.

6. Fund Management

　　Haitong supports multiple deposit methods, including bank transfers, credit/debit cards, and e-wallets, providing clients with flexibility in funding their accounts. The minimum deposit requirement varies by account type, with the standard account allowing deposits as low as $0.

• Deposit Processing Time: Typically takes 2 to 3 business days, subject to the processing time of intermediary banks.
• Withdrawal Methods: Clients can withdraw funds using the same method as their initial deposit. However, withdrawal processing can be cumbersome, with a cut-off time set until noon on weekdays.

　　Withdrawal fees may apply, and clients should be aware of the exchange rate applicable on the day of withdrawal.

7. Customer Support and Educational Resources

　　Haitong prioritizes customer satisfaction by offering multiple support channels, including phone, email, and social media platforms. The customer service team is available 24/5, providing assistance in both English and Chinese.

　　In terms of educational resources, Haitong offers limited training materials, but it does provide market analysis services, including daily insights, news updates, and research reports, to help clients make informed trading decisions. Additionally, traders can access various trading tools, such as calculators and economic calendars, enhancing their trading experience.

8. Regional Coverage and Restrictions

　　Haitong has expanded its operations to several key markets globally, including:

• Supported Countries: China, Hong Kong, Singapore, the United States, United Kingdom, Brazil, and several others.
• Regional Offices: The broker maintains a presence in major financial centers worldwide, facilitating cross-border investments.

　　However, Haitong does not accept clients from certain jurisdictions, including North Korea, Iran, Cuba, Syria, Sudan, Crimea, Belarus, and Venezuela, due to regulatory restrictions and compliance requirements.

　　In conclusion, Haitong presents itself as a comprehensive forex broker with a diverse range of trading products and services. While it has established a solid reputation in the industry, potential clients should carefully consider the regulatory framework and operational transparency before engaging in trading activities. The Haitong broker offers a blend of retail and institutional services, catering to a wide array of market participants while emphasizing the importance of compliance and customer protection.