Head & Shoulders Forex Broker

Head & Shoulders Review SummaryFounded1970Registered Country/RegionHong KongRegulationSFC (Exceeded)Trading Products Securities, stocks, derivatives, bonds, ETFs, REITsDemo Account❌Trading PlatformOnline Trading Platform, AAStocks Real-time Quote, iOS Trading App, Android Trading App, eBrokerKeyMinimum Deposit/Customer SupportGeneral tel: +852 3103-8388CS hotline: +852 3103-8386Fax: +852 3103-8399Email: info@headandshoulders.com.hkWechatHead & Shoulders Information Head & Shoulders Securities Limited, incorporated in 1970 in Hong Kong, is regulated by the Securities and Futures Commission (SFC) under license AFS455, however its current licensing status is “Exceeded.” It provides securities trading and margin financing services for equities, derivatives, bonds, ETFs, and REITs, but does not offer demo or Islamic accounts.Pros and ConsProsConsLong-established (since 1970)License status currently “Exceeded”Wide product range: stocks, derivatives, ETFs, REITsNo demo account, no Islamic accountMultiple trading platforms (web, mobile)Minimum deposit not clearly mentionedIs Head & Shoulders Legit? Head & Shoulders Securities Limited is a licensed entity controlled by the Securities and Futures Commission of Hong Kong with license number AFS455 for “Dealing in Securities.” However, the current license status is displayed as Exceeded.What Can I Trade on Head & Shoulders? Head & Shoulders Securities Limited offers securities trading and margin financing services, covering stocks, derivatives, bonds, ETFs, and REITs.Trading ProductsSupportedStocks✔Derivatives (warrants, CBBC)✔Bonds (incl. inflation-linked)✔ETFs✔REITs✔Forex×Commodities×Indices×Cryptocurrencies×Options×Account Type Head & Shoulders Securities Limited provides two types of live accounts — cash and margin — to individual and business clients. They do not provide demo or Islamic accounts. Cash accounts are ideal for conservative or inexperienced traders, whilst margin accounts are ideal for experienced traders looking for leverage.Account TypeSuitable forIndividual Cash AccountBeginners or investors wanting to trade without leverageIndividual Margin AccountExperienced traders looking to trade on margin (with leverage)Corporate Cash AccountCompanies wanting to trade securities without using leverageCorporate Margin AccountCompanies seeking margin financing and leveraged tradingHead & Shoulders Fees Head & Shoulders Securities Limited imposes costs that are comparable to or somewhat more than certain industry competitors.Fee TypeDetailsInternet OrdersFavorable rates, min. HK$50Phone OrdersFavorable rates, min. HK$50Settlement Instruction (SI)0.25% of value, min. HK$500Investor Settlement (ISI)0.25% of valueStamp DutyHK$1 per HK$1,000 of transactionTransaction Levy (SFC)0.0027% of transaction amountTransaction Levy (FRC)0.00015% of transaction amountTrading Fee (HKEX)0.00565% of transaction amountClearing Fee (HKSCC)0.002% of transaction amount, min. HK$5Physical Stock DepositHK$5 per lot (transfer deed stamp duty)Physical Stock WithdrawalHK$6 per lotCash Dividend Handling0.5% of dividend amount, min. HK$10Scrip FeeHK$2.5 per lot (first time)New Issues Handling FeeHK$50Trading PlatformTrading PlatformSupportedDevicesOnline Trading Platform✔WebAAStocks Real-time Quote✔Web, Mobile AppiOS Trading App✔iOSAndroid Trading App (APK)✔AndroideBrokerKey (iOS)✔iOSeBrokerKey (Android)✔AndroidDeposit and Withdrawal Head & Shoulders Securities Limited does not openly impose deposit or withdrawal fee. The minimum deposit amount is not clearly defined.Payment OptionsMinimum AmountFeesProcessing TimeBank Transfer (Deposit)//Same business day if notified before 3:00 pm; otherwise next business dayBank Transfer (Withdrawal)1–2 days if notified before 11:00 am; otherwise next business day