Shacom Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.shacomfutures.com.hk/account, the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, to enhance the security of the company's address 香港九龙东尖沙咀么地道63号好时中心303室.
Shacom Forex Broker
Basic information
Hong Kong
Above 20 years Regulated in Hong Kong Dealing in futures contracts Suspicious Scope of BusinessCompany profile
Shacom, established in 2004 and headquartered in Hong Kong, is a company involved in futures trading, particularly on the Hong Kong Futures Exchange Limited. The company operates under the regulation of SFC. Shacom's product portfolio primarily revolves around futures contracts. But it does not provide demo accounts and 24/7 customer service for their traders.
Pros and Cons
| Pros | Cons |
| Regulated by SFC | No demo accounts |
| No minimum deposit requirement | No 24/7 customer service |
| Electronic trading services provided | Conventional product portfolios |
Is Shacom Legit?
Shacom is regulated by the Securities and Futures Commission of Hong Kong. The company holds a license for dealing in futures contracts, and its current status is marked as regulated. The specific license number provided is AAJ283.
What Can I Trade on Shacom?
Shacom offers extensive broking services for futures trading on the Hong Kong Futures Exchange Limited, including Hang Seng Index, Hang Seng China Enterprises, and Hang Seng TECH Index futures and options.
Additionally, their trading channels include counter trading, manned phone-in trading, and a user-friendly automated electronic platform for direct Internet orders with real-time quotes.
Account Type
Shacom only offers one type of account- the Future account and there is no minimum deposits. But they do not provide demo accounts for their traders.
Besides, to open a Futures trading account with Shacom, you must first maintain a current or savings account in HK Dollar with Shanghai Commercial Bank under the same name as your intended futures trading account. This designated account will be used for all transactions. Please bring the required documents to our office in person to complete the account opening process.
Documents Required
- For Individual Clients:
Hong Kong Identity Card (for Hong Kong Permanent Residents) or Passport (for non-Hong Kong Permanent Residents) of all account holders.
Residential address proof issued within the last 3 months (include permanent address proof if different). Acceptable documents include bank statements, water bills, electricity bills, or gas bills.
- For Corporate Clients:
Certificate of Incorporation and any subsequent Certificate of Change of Name (if applicable).
Valid Business Registration Certificate.
Business address proof (if different from the registered office address).
Memorandum of Association and Articles of Association / Articles of Association.
Certified Copy of Particulars of Directors (form D) and/or the latest shareholders Annual Return.
Certified Copy of Minutes of the Meeting regulating the bank account OR Certified Extract of Minutes of Resolutions (The Company Form).
Identification documents of beneficial owners, authorized signatories, and directors.
Residential address proof issued within the last 3 months of beneficial owners, authorized signatories, and directors (include permanent address proof if different).
Company Chop (official seal).
In all, the process of opening account is rather complex. You have to own an specified saving accounts and prepare for many documents.
Trading Platform
Shacom offers the Internet trading platform and mobile trading App. On their website, they provide videos to introduce the two trading platform. You can browse through their website or directly click: https://www.shacomfutures.com.hk/TPD_ETS
Deposit and Withdrawal
Shacom offers several methods for fund deposit including bank transfer or cheque deposit, ATM transfer, and Internet or phone banking transfer.
For a Bank Transfer or Cheque deposit, with the payee's name specified as Shacom Futures Limited and the Shanghai Commercial Bank account number provided as 328-82-33668-8. Funds deposited via cheque will only be available after the cheque has been cleared, a process that may take up to two days.
Secondly, an ATM Transfer option uses the designated account number 328-82-33668-8. Thirdly, it is advised to be aware of the varying charges and settlement durations for fund transfers via Internet or Phone banking among different banks. Clients can seek clarification by contacting the Customer Service Hotline at (852) 2290 3860.
For fund withdrawals, clients need to inform Shacom Futures Limited by either calling (852) 2207 2708 or visiting the office in person to complete the fund withdrawal request form. Typically, fund withdrawal requests take one to two working days to process. Instructions received before 12 noon on each working day (prior to the cut-off time) will be processed on the same day.
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Latest Reviews
薇11六1四3零2七1
Hong Kong
On 25th,December,2018,a stranger claimed himself as a shareholder pulled me into a stock exchange group,in which teachers taught lessons on stock.I also invested in stock,always making losses,because I didn’t master the method.The teacher taught lessons on method of investing stock.With the help of teacher,I made some investment and I profited,which was amazing.I admired my teacher very much.Then I always earned money with his recommendations.While the teacher recommended this platform to us,saying that the stock market was downward,and asked us to do new investments.At that time, I was blinded by interests.Having asked us to transfer the fund,the teacher began to share the process and give us a manager’s contact in this platform.We were told to contact him and open accounts.Since January,2019,with several profits,I made constant losses,200 thousand yuan in all.The teacher guaranteed to earn the money doubly back.Under his inducement,I deposited another fund into the platform.But I made losses of total 450 thousand yuan and my account became forced liquidation.
Exposure
2019-08-22
薇11六1四3零2七1
Hong Kong
I'm a small business man and I have a lot of free time. someone added my friend on July 5 this year, at first I thought it was a friend through the chat, i learned that this net friend is doing financial, she earned more than three hundred thousand RMB one month.At first, I didn't care, because I felt I was living a comfortable life and didn't need a lot of money.Later, when I was browsing the circle of friends, I kept seeing the news that she was trvelling around the world. curiosity, I asked her about it. She said that all her money was earned by her futures operation.She pulled me into a studio, where the teacher was explaining this. Indeed, the list that the teacher called at the beginning was profitable for everyone, and I saw many screenshots of them.I can't resist the temptation to wothdraw. The door began to operate, the same teacher guidance I began to earn a few money, later she said my capital is too little and let me increase the point of capital with me to earn a lot.I think the teacher took me to make money anyway, so there was no consideration any more, and directly increased to 50,000 dollars to follow the teacher's operation. The result was that the teacher shouted in the opposite direction that day, and I directly received the tip of bursting the warehouse, so my capital was gone all.I went to the teacher to ask about the situation. What annoyed me most was that the teacher ignored me
Exposure
2019-09-26