Head & Shoulders Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.hnsfg.com/en/index.php, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, to enhance the security of the company's address 28-29/F Queen's Road Centre 152 Queen's Road Central Hong Kong.
Head & Shoulders Forex Broker
Basic information
Hong Kong
Above 20 years Regulated in Hong Kong Dealing in futures contracts Suspicious Scope of BusinessCompany profile
Head & Shoulders is a highly reputable financial services group based in Hong Kong, with a broad range of integrated services catering to corporates and high net worth individuals. With over 21 years of operating history, Head & Shoulders has established itself as a comprehensive provider of financial solutions in Hong Kong.
Pros and Cons
| Pros | Cons |
| Regulated by SFC | No demo accounts |
| Various trading products and services | |
| Multiple channels for customer support | |
| Operated for a long time | |
| Complex fee structures |
Is Head & Shoulders Legit?
Head & Shoulders is regulated by the Securities and Futures Commission (SFC), which is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets.
| Regulated Authority | Regulated Country | License Type | License NO. |
| Securities and Futures Commission of Hong Kong (SFC) | China (Hong Kong) | Dealing in futures contracts | AFS455 |
Products and Services
Head & Shoulders offers various products and services, such as securities trading, equity capital, fund management, wealth management, futures and options trading.
| Tradable Instruments | Supported |
| Securities | ✔ |
| Equity capital | ✔ |
| Fund management | ✔ |
| Wealth management | ✔ |
| Futures | ✔ |
| Options | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
Commissions & Fees
The trading fee (HKEX) is 0.005% of the transaction amount. The clearing fee (HKSCC) is 0.002% of the transaction amount (Minimum HK$5).
| Commission-Orders placed | |
| (i) through Internet | Favorable rates (Min HK$50) |
| (ii) by Phone | |
| Investor Settlement Instruction (ISI) | ❌ |
| Stamp Duty | HK$1.3 for everyHK$1,000 of the transaction amount |
| Trading Fee (HKEX) | 0.00565% of the transaction amount |
| Clearing Fee (HKSCC) | 0.002% of the transaction amount (Min HK$5) |
| Physical Stock Deposit | HK$5 per lot for transfer deed stamp duty (T/D) |
| Physical Stock Withdrawal | HK$6 per lot |
| Cash Dividend | 0.5% of dividend amount (Min HK$10)Scrip fee HK$2.5 per lot (First time) |
| New Issues | HK$50 Handling Fee |
Trading Platform
Head & Shoulders provides clients with access to the world's financial markets through the iTrader platform. iTrader is a robust and user-friendly online trading platform offered by Head & Shoulders.
Deposit and Withdrawal
Clients can deposit into the following banks directly: Chong Hing Bank, HSBC and Bank of China. As for withdrawal, clients can inform Head & Shoulders by phone or registered Email and clearly write down the withdrawal amount, client name and account No.