Head & Shoulders Financial Group, established in 2002, is a prominent financial services provider headquartered in Hong Kong. The company operates as a private entity and has built a strong reputation in the trading community over the past two decades. Head & Shoulders caters primarily to retail and institutional clients, offering a wide range of financial products and services.
With a rich history of over 21 years, Head & Shoulders has achieved significant milestones, including regulatory approvals and the expansion of its service offerings. The firm is recognized for its commitment to providing comprehensive financial solutions tailored to the needs of corporate entities and high-net-worth individuals.
The company operates under the Head & Shoulders Securities Limited, which is a licensed institution under the Securities and Futures Commission (SFC) of Hong Kong. This regulatory oversight ensures that the broker adheres to strict compliance standards, enhancing trust among its clients. The business model of Head & Shoulders encompasses retail forex trading, futures contracts, and wealth management services, positioning it as a versatile player in the financial market.
Head & Shoulders is regulated by the Securities and Futures Commission (SFC) of Hong Kong, which is a statutory body established to oversee the securities and futures markets in the region. The firm holds the license number AFS 455, allowing it to deal in futures contracts.
The SFC's regulations ensure that Head & Shoulders operates within a framework designed to protect investors and maintain the integrity of the financial system. The firm has implemented robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to comply with international standards and safeguard client transactions.
Client funds are kept in segregated accounts, providing an additional layer of security and ensuring that clients' assets are protected in the event of financial difficulties faced by the broker. Furthermore, Head & Shoulders participates in the Investor Compensation Fund, offering clients peace of mind in case of broker insolvency.
Head & Shoulders offers a diverse range of trading products, primarily focusing on forex trading. The broker provides access to a variety of currency pairs, including major, minor, and some exotic pairs, catering to the preferences of different traders.
In addition to forex, Head & Shoulders also offers Contracts for Difference (CFDs) across multiple asset classes such as indices, commodities, and futures. However, it is important to note that the broker does not currently support trading in cryptocurrencies or options.
The firm is known for its commitment to updating its product offerings regularly, ensuring that clients have access to the latest market opportunities. Retail trading services are complemented by institutional services, including fund management and wealth management, providing a comprehensive suite of solutions for clients.
Head & Shoulders provides its clients with access to the iTrader platform, a robust and user-friendly trading solution designed to cater to both novice and experienced traders. The platform offers various features, including advanced charting tools, real-time market data, and multiple order types.
While the broker does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), it has developed its proprietary trading platform to meet the needs of its clients. The web-based platform allows for seamless trading without the need for downloads, making it accessible from various devices.
For mobile trading, Head & Shoulders offers applications compatible with both iOS and Android devices, enabling traders to manage their accounts and execute trades on the go. The broker operates on a Market Making execution model, providing clients with competitive spreads and efficient order execution.
The firm's servers are located in Hong Kong, ensuring low latency and fast trade execution. Additionally, Head & Shoulders supports API access for automated trading, allowing tech-savvy clients to implement their trading strategies effectively.
Head & Shoulders offers several account types to cater to different trader profiles. The standard account requires a minimum deposit of HKD 10,000 and provides competitive spreads starting from 0.00565% of the transaction amount. The broker does not charge any commissions on trades, making it an attractive option for retail traders.
For more experienced traders, Head & Shoulders offers VIP accounts, which provide enhanced features and lower trading costs. The broker also has provisions for Islamic accounts, ensuring compliance with Sharia law for clients who require such options.
There is no demo account available, which may be a drawback for new traders looking to practice before committing real capital. The leverage offered varies depending on the asset class, with a maximum of 1:50 for forex trading.
Clients of Head & Shoulders can utilize various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement is HKD 10,000 for standard accounts, while deposits are typically processed instantly.
Withdrawals can be made through the same methods, with processing times ranging from 1 to 5 business days, depending on the method chosen. Importantly, Head & Shoulders does not impose any fees for deposits or withdrawals, making it cost-effective for clients.
However, clients should be aware of potential delays during peak trading times or public holidays. The broker's transparent fee structure ensures that clients are not surprised by hidden charges.
Head & Shoulders prides itself on providing excellent customer support across multiple channels, including telephone, email, and live chat. The support team is available 24/5, catering to the needs of clients in different time zones.
The broker supports multiple languages, including English, Chinese, and others, ensuring effective communication with a diverse client base. In addition to customer support, Head & Shoulders offers a range of educational resources, including webinars, tutorials, and market analysis reports.
Traders can benefit from daily market insights, helping them make informed decisions based on current trends and analysis. The availability of trading tools such as calculators and economic calendars further enhances the trading experience.
Head & Shoulders primarily serves clients in Hong Kong and other regions across Asia. The broker has established a solid presence in the local market, catering to both retail and institutional clients.
However, there are certain countries from which Head & Shoulders does not accept clients, including those on regulatory blacklists. The broker's services are tailored to comply with local regulations, ensuring that clients receive a secure trading environment.
In summary, Head & Shoulders is a reputable broker with a strong regulatory framework, diverse product offerings, and a commitment to customer satisfaction. As a head & shoulders broker, it continues to evolve and adapt to the ever-changing financial landscape, providing valuable services to its clients.