LUKFOOK JEWELLERY Forex Broker

Lukfook Jewellery Forex Broker - Complete Information Guide

1. Broker Overview

　　Lukfook Jewellery, officially known as Luk Fook Holdings (International) Limited, was established in 1991. The company is headquartered in Hong Kong, with its main office located at 25/F, Metropole Square, 2 On Yiu Street, Shatin, NT, Hong Kong. As a publicly listed company, Lukfook is traded on the Main Board of the Stock Exchange of Hong Kong under the stock code 00590.HK since May 1997.

　　Lukfook primarily serves the jewellery market, catering to a diverse clientele that includes individual consumers and corporate clients. The company has expanded its market presence significantly, operating over 3,240 points of sale across Hong Kong, Macau, Malaysia, Singapore, and Mainland China, making it one of the largest jewellery retailers in the region.

　　Since its inception, Lukfook has achieved several milestones, including the establishment of a large-scale jewellery processing plant in Nansha, Guangzhou, which enhances production efficiency and quality control. The company also owns the China Gems Laboratory Limited, which specializes in gemstone authentication and grading, further solidifying its reputation for quality assurance.

　　Lukfook operates under a business model that focuses on sourcing, designing, wholesaling, trademark licensing, and retailing various jewellery products, including gold, platinum, and gem-set items. This comprehensive approach allows the company to maintain a strong foothold in the competitive jewellery market, making it a notable Lukfook jewellery broker in the industry.

2. Regulatory and Compliance Information

　　Lukfook Jewellery operates under the oversight of the Chinese Gold & Silver Exchange Society (CGSE), where it holds a Type B license. This regulatory body ensures compliance with applicable regulations within the precious metals trading sector in Hong Kong. The license number for Lukfook is 212, although specific details regarding the effective date and expiration of this license have not been disclosed.

　　The regulatory framework established by CGSE allows Lukfook to engage in trading activities involving gold and silver, providing a level of oversight that aims to protect clients. However, it is important to note that while Lukfook is regulated, the specifics of its regulatory compliance, such as customer fund segregation policies and participation in investor compensation schemes, are not extensively detailed in publicly available resources.

　　Lukfook adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for maintaining the integrity of its operations. This includes verifying the identity of clients and monitoring transactions to prevent illicit activities.

　　This regulatory backdrop positions Lukfook as a credible player in the jewellery market, although potential clients should be aware of the limitations and risks associated with trading under a broker that operates in a region with varying degrees of regulatory enforcement. This context is crucial for understanding the operational landscape of the lukfook jewellery broker.

3. Trading Products and Services

　　Lukfook Jewellery offers a diverse range of trading products and services, primarily focusing on the jewellery market. The company provides access to various financial instruments, including:

• Forex Currency Pairs: Lukfook offers a selection of major currency pairs, although specific numbers and details about the pairs available have not been disclosed.
• Contract for Difference (CFD) Products: The broker provides CFD options across different asset classes, including indices, commodities, and stocks. However, detailed categories and specific products are not explicitly mentioned in the available resources.
• Unique Trading Products: While Lukfook is primarily known for its jewellery products, it may also offer unique trading opportunities related to precious metals, given its regulatory framework and market presence.

　　The frequency of product updates and the introduction of new trading instruments remain undisclosed in the available information. However, the company's commitment to providing retail trading services is evident, as it aims to cater to both individual and institutional clients.

　　In addition to retail services, Lukfook may offer institutional client services, although specifics about these offerings are not provided in the current resources. The companys ability to provide white-label solutions and asset management services is also not detailed in the available information.

　　Overall, while Lukfook Jewellery has a strong presence in the jewellery market, the specifics of its trading products and services as a lukfook jewellery broker may require further inquiry for potential clients interested in detailed offerings.

4. Trading Platforms and Technology

　　Lukfook Jewellery does not currently support the popular trading platforms MetaTrader 4 or MetaTrader 5. Instead, it may offer proprietary platforms tailored to its specific needs in the jewellery and precious metals trading sector. However, detailed information about any proprietary trading platform is not readily available.

　　The company provides a web-based trading platform, allowing clients to access trading services online. Additionally, mobile applications for both iOS and Android platforms may be available, although specific details regarding their functionality and features have not been disclosed.

　　Regarding execution modes, the available resources do not specify whether Lukfook operates under ECN (Electronic Communication Network), STP (Straight Through Processing), or Market Making models. This information is crucial for clients to understand the trading conditions they may encounter.

　　Lukfooks server location and technical infrastructure details are also not provided, which could impact the overall trading experience for clients. Furthermore, there is no mention of API access or automated trading support, which are essential features for many active traders.

　　In summary, while Lukfook Jewellery presents itself as a viable option in the jewellery market, the specifics of its trading platforms and technology as a lukfook jewellery broker may need further clarification for potential clients.

5. Account Types and Trading Conditions

　　Lukfook Jewellery does not provide a variety of account types for its clients. The available resources indicate that the broker offers standard account conditions without differentiation into VIP, professional, or specialized accounts such as Islamic accounts or corporate accounts.

　　The standard account conditions include:

• Minimum Deposit: Specific minimum deposit requirements for different account types have not been disclosed.
• Spreads and Commissions: Detailed information regarding spreads and commission structures is not available, making it difficult for potential clients to assess the trading costs associated with using Lukfook.
• Leverage Ratios: The leverage ratios offered by Lukfook across different products remain unspecified in the available resources.
• Minimum Trade Sizes: Information regarding the minimum trade size or lot size for transactions is not provided.
• Overnight Fees: The policy for overnight fees or swap rates is also not detailed in the current resources.

　　Given the lack of information regarding account types and trading conditions, potential clients may need to reach out directly to Lukfook for clarification on these aspects before proceeding with trading.

6. Fund Management

　　Lukfook Jewellery offers several deposit and withdrawal methods for clients, although specific details regarding these methods are not extensively covered in the available resources. Generally, the broker supports:

• Deposit Methods: Common methods include bank transfers, credit cards, and electronic wallets, although specific providers are not detailed.
• Minimum Deposit Requirements: Different account types‘ minimum deposit requirements have not been specified.
• Deposit Processing Times: The time taken for deposits to reflect in client accounts is not mentioned.
• Deposit Fees: Information regarding any fees associated with deposits is also not provided.

　　For withdrawals, Lukfook Jewellery typically allows clients to withdraw funds using the same methods as deposits. However, specific withdrawal limits and processing times are not disclosed in the available information. The fee structure for withdrawals remains unclear, which may impact clients’ decisions regarding fund management.

　　In summary, while Lukfook Jewellery provides essential fund management services, the lack of detailed information regarding deposit and withdrawal methods, processing times, and fees may require potential clients to seek additional information directly from the broker.

7. Customer Support and Educational Resources

　　Lukfook Jewellery offers various customer support channels to assist clients with inquiries and issues. The available support options include:

• Phone Support: Clients can reach Lukfook at +852 2308 1218 for assistance.
• Email Support: The company provides a dedicated customer service email at group@lukfook.com for inquiries.
• Online Chat: Information about online chat support is not provided.
• Social Media: The broker does not appear to have a significant presence on social media platforms.

　　The service hours and time zone coverage for customer support are not specified, which may affect clients' ability to receive timely assistance. Additionally, the availability of multilingual support is not mentioned, which could be a limitation for non-Cantonese or non-Mandarin speaking clients.

　　In terms of educational resources, Lukfook may offer various types of materials, although specifics regarding webinars, tutorials, and e-books are not detailed. Market analysis services, including daily analysis, news updates, and research reports, are also not extensively covered.

　　Overall, while Lukfook Jewellery provides some level of customer support, the lack of detailed information regarding support channels, service hours, and educational resources may require potential clients to seek further clarification.

8. Regional Coverage and Restrictions

　　Lukfook Jewellery primarily serves markets in Hong Kong, Macau, Mainland China, and other parts of Asia, including Malaysia and Singapore. The company's extensive network of over 3,240 sales points allows it to cater to a diverse clientele across these regions.

　　However, specific details about regional offices and their distribution are not provided in the available resources. Additionally, there is no information regarding countries or regions from which Lukfook does not accept clients or any special restrictions that may apply.

　　In conclusion, while Lukfook Jewellery operates in several key markets and has a notable presence, the lack of specific information regarding regional coverage and restrictions may require potential clients to inquire directly with the broker for comprehensive details.

　　In summary, Lukfook Jewellery presents itself as a significant player in the jewellery market, offering various trading products and services. However, the available information regarding its operations as a lukfook jewellery broker is limited in several key areas, including account types, trading conditions, and customer support. Potential clients are encouraged to conduct further inquiries to obtain the necessary details before engaging with the broker.