Shenwan Hongyuan Forex Broker

Shenwan Hongyuan Review SummaryFounded2015Registered Country/RegionChinaRegulationSFC Dealing in futures contracts license (regulated), SFC Dealing in securities license (Exceeded)Market InstrumentsEquities, FuturesTrading Platforme-serviceCustomer SupportContact FormTel: (852) 2509-8395Email: ir@swhyhk.comWeChatShenwan Hongyuan Information Shenwan Hongyuan (H.K.) Limited is a Hong Kong-based financial services provider and a subsidiary of Shenwan Hongyuan Group Co., Ltd., a Chinese securities firm. The company offers a comprehensive range of services, including equities and futures trading, asset management, corporate finance, and institutional securities.Pros and ConsProsConsRegulated with a dealing in futures contracts licenseDealing in securities license exceededMultiple contact channelsLimited tradable productsTransparent fee structureIs Shenwan Hongyuan Legit? Shenwan Hongyuan is regulated by the Securities and Futures Commission of Hong Kong (SFC), holding a Dealing in futures contracts License (No AAF420). Meanwhile, its Dealing in Securities License (No AAC927) has been exceeded, which means activities associated with securities might involve risks.Regulated byRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberSecurities and Futures Commission of Hong Kong (SFC)RegulatedShenwan Hongyuan Futures (H.K.) LimitedDealing in futures contractsAAF420Securities and Futures Commission of Hong Kong (SFC)ExceededShenwan Hongyuan Securities (H.K.) LimitedDealing in securitiesAAC927What Can I Trade on Shenwan Hongyuan? Traders are able to trade equities and futures on this platform.Trading AssetAvailableequities✔futures✔forex❌commodities❌indices❌stocks ❌cryptocurrencies❌bonds❌options❌funds❌ETFs❌Fees Shenwan Hongyuan provides a clear overview of the fee structure on its website. Various securities trading service fees, including their calculation methods and any applicable minimum or maximum amounts, are presented below. For more information about fee and charges on this platfrom, please go to https://www.swhyhk.com/tc/wealth-management_hong-kong-equities/#trading-methodsSecurities Trading Service ChargesCommission0.25% to 0.5% of the transaction amount, minimum brokerage fee of HK$100Stamp Duty0.1% of the transaction amount; stamp duty for less than HK$1 will be counted as HK$1SFC Transaction Levy0.0027% of the transaction amountSEHK Trading Fee0.00565% of the transaction amountShare Settlement Fee0.002% of transaction amount, Minimum HK$2 and maximum HK$100FRC Transaction Levy0.00015% of the transaction amountTrading PlatformTrading PlatformSupported Available Devices e-service✔Desktop, Mobile, WebDeposit and Withdrawal Deposit ProceduresAccepted Methods: Bank transfers, cheques, cashier orders, and deposits via designated branches or express centers.Account Details: Deposits should be made payable to “Shenwan Hongyuan Securities (HK) Ltd”.Confirmation: Clients must email or fax the bank-in slip to funddeposit@swhyhk.com or fax to (852)-35258455. Withdrawal Procedures are the same for both equities and futures.Complete and fax the withdrawal form to (852)-35258455.Instructions received before 12:00 PM are processed on the same day.For telegraphic transfers, service fees apply. Notes: The depositor's name must match the client's account name. Third-party deposits and cash deposits are not accepted. Deposits must comply with local regulations.