Wing Fung Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.wfgold.com/list.php?cate_id=65&lang=1, the company's legitimate regulatory information Hong KongHKGXType AA License,Hong KongSFCDealing in futures contracts,Hong KongSFCLeveraged foreign exchange trading,Hong KongSFCDealing in securities, to enhance the security of the company's address 20/F, Wing On House, No. 71, Des Voeux Road Central, HK.
Wing Fung Forex Broker
Basic information
Hong Kong
15-20 years Regulated in Hong Kong Regulated in Hong Kong Regulated in Hong Kong Type AA License Dealing in futures contracts Dealing in securities Suspicious Scope of Business Hong Kong Leveraged foreign exchange trading Revoked Suspicious Overrun Medium potential riskCompany profile
Wing Fung is a member of the Chinese Gold and Silver Exchange in Hong Kong (CGSE) (Member No. 34) and enjoys the status of Bullion Group, casting 999.9 and 99 gold bars under the “Wing Fung” brand recognized in Hong Kong. Additionally, Wing Fung has been appointed by the Chinese Gold and Silver Exchange as a liquidity provider for the loco London gold market.
Pros and Cons
| Pros | Cons |
| Long history | Only support English & Chinese |
| Regulated by CGSE and SFC | Limited tradable asset classes |
| Tight spreads | Limited info on trading conditions |
| No commissions | No MT4/5 |
| Live chat support | Limited payment options |
Is Wing Fung Legit?
Yes, Wing Fung is regulated by the Chinese Gold & Silver Exchange Society (CGSE) and Securities and Futures Commission of Hong Kong (SFC).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
|---|---|---|---|---|---|
| The Chinese Gold & Silver Exchange Society (CGSE) | Regulated | 永豐珠寶國際有限公司 | Type AA License | 034 | |
| Securities and Futures Commission of Hong Kong (SFC) | Regulated | Wing Fung Futures Limited | Dealing in futures contracts | AMU683 | |
| Securities and Futures Commission of Hong Kong (SFC) | Revoked | Wing Fung Forex Limited | Leveraged foreign exchange trading | ARI401 | |
| Securities and Futures Commission of Hong Kong (SFC) | Exceeded | Wing Fung Securities Limited | Common Financial Service License | AAV717 |
What Can I Trade on Wing Fung?
| Tradable Instruments | Supported |
| Precious Metals | ✔ |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Investors can choose between 368 Cash Account and Margin Account for trading Hong Kong stocks. The 368 Cash Account charges 0.05% of the transaction amount (minimum charge of HK$38 per transaction). The Margin account charges are 0.1% of the transaction amount (minimum charge of HK$38 per transaction).
Commission
Wing Fung offers competitive spreads on its forex instruments. For forex instruments, the spread on the EUR/USD pair starts from 1 pip, GBP/USD pair from 2 pips, AUD/USD pairs from 2 pips.
| Currency Pair | Spread |
| EUR/USD | From 1 pip |
| GBP/USD | From 2 pips |
| AUD/USD | From 2 pips |
The broker does not charge any commissions on forex trades, which makes it attractive for traders who do not want to incur extra fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Wing Fung Official APP | ✔ | Mobile | Experienced traders |
| Wing Fung Securities for Online and App | ✔ | Mobile | Experienced traders |
| Wing Fung Futures SP Trader Pro | ✔ | Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Wing Fung offers traders three deposit methods.
The first one is banking deposit, and traders need to deposit funds (cash, cheque, transfer or wire transfer) to Bank of China (Hong Kong) / Bank of East Asia / China Construction Bank (Asia) / DBS Bank (Hong Kong), OCBC Wing Hang Bank where Wing Fung Precious Metals has opened accounts, all cheques must be crossed.
The second way is to deposit via PPS. Customers need to open a PPS account and complete the relevant account opening procedures. Then they can immediately transfer funds to their securities account with the company online or using the PPS system over the phone (for deposits via PPS, HK$5 will be charged for each deposit of less than HK$5,000).
The third way is to fast payment system (FPS). Regarding refunds, some bank branches may suspend or shorten the service hours due to the current epidemic. The customer's withdrawal request will be changed from Monday to Friday from 2:00 pm to 12:00 noon.
Rating Index
Similar Broker Info
Similar Broker Accounts
Similar Broker Safe
Similar Broker Review
Similar Broker Trade
Latest Reviews
～格局~1
Hong Kong
I originally made money to close the position today, but I didn’t know that the function of closing the position was invalid, so I immediately called the service number ☎Because I rarely use the manual phone to close the position, so I checked the phone password and couldn’t close the position, and then transferred eight other calls for me, and some said no He is in charge, and some say he only handles stocks and futures, throwing me around for more than an hour before calling me to reset my password, which is frighteningly efficient. I have used this software for more than a year and it frequently breaks down. In addition, setting the chase point before placing an order will not automatically close the position. Call ☎4001201080 to complain: How to deal with making money and losing money due to software failure? Will you compensate me? The reply I got: I The company has checked the software and there is no problem! Yongfeng's software and customer service levels are really not good.
Exposure
2022-12-14
Sochandararith
Cambodia
070934706
Positive
2022-12-09
YoRN KHANYA
Cambodia
04042099
Positive
2023-01-23