Company Name: Yuanta Securities (Hong Kong) Company Limited
Established: 2004
Headquarters: 23/F, Tower 1, Admiralty Centre, 18 Harcourt Road, Hong Kong
Company Type: Publicly listed under Yuanta Financial Holdings Co., Ltd.
Main Markets and Clientele: Yuanta primarily serves retail and institutional clients, providing a wide range of financial services across Hong Kong, Taiwan, and other international markets.
Company Development and Milestones: Yuanta has over 20 years of experience in the financial services industry and has established a robust distribution network, including 155 securities branches and 152 banking branches as of 2016. The firm achieved significant market presence, controlling 11% of the securities brokerage market and nearly 20% of the securities margin financing market in the same year.
Parent Company or Group Relationship: Yuanta operates as a wholly-owned subsidiary of Yuanta Financial Holdings Co., Ltd.
Business Model Overview: Yuanta broker offers a comprehensive range of services, including retail forex trading, institutional investment services, banking, insurance, and asset management.
Main Regulatory Authorities:
Regulatory License Validity and Scope: The SFC regulates Yuanta, specifically in dealing with futures contracts and securities trading.
Legal Entities in Different Regions:
Client Funds Segregation Policy: Yuanta maintains a segregation policy for client funds, ensuring that client deposits are kept separate from the company's operational funds for enhanced security.
Investor Compensation Fund Participation: Yuanta is a participant in the investor compensation fund, which provides additional security for clients in case of broker insolvency.
KYC and AML Compliance Measures: Yuanta implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with regulatory requirements and to protect against fraudulent activities.
Number of Forex Currency Pairs and Major Varieties: Yuanta broker offers a diverse range of currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, along with several minor and exotic pairs.
CFD Product Categories: The broker provides access to various Contract for Difference (CFD) products, including indices, commodities, stocks, and cryptocurrencies.
Unique Products or Exclusive Trading Varieties: Yuanta offers unique trading opportunities in futures and options, allowing clients to hedge their investments or speculate on price movements.
Product Update Frequency and New Additions: The broker regularly updates its product offerings to include new financial instruments based on market demand and trends.
Retail Trading Services: Yuanta provides retail clients with comprehensive trading services, including access to multiple financial instruments and educational resources to enhance trading skills.
Institutional Client Services: For institutional clients, Yuanta offers advisory services and tailored investment solutions, assisting them in navigating complex financial markets.
White Label Solutions: Yuanta provides white label solutions for financial institutions looking to offer their clients trading services under their own brand.
Asset Management Services: The broker also offers asset management services, helping clients to manage their investment portfolios effectively.
MetaTrader 4/5 Support: Yuanta does not currently support MetaTrader 4 or 5, opting instead for its proprietary trading platforms.
Proprietary Platform Details: The broker offers several proprietary platforms, including Ewinner for desktop users and Ewinner Plus for mobile devices, designed to provide a user-friendly trading experience.
Web-Based Trading Platform: Yuanta has a web-based trading platform that allows clients to trade directly from their browsers without the need for additional software installations.
Mobile Application Support: Yuanta offers mobile applications for both iOS and Android devices, enabling clients to manage their accounts and trade on the go.
Execution Models: The broker primarily operates on a Market Making model, providing liquidity and facilitating trades for clients.
Server Location and Technical Infrastructure: Yuanta's servers are located in Hong Kong, ensuring fast and reliable trading execution for clients in the region.
API Access and Automated Trading Support: Yuanta provides API access for clients interested in automated trading solutions, allowing for seamless integration with third-party trading systems.
Standard Account Conditions:
Advanced Account Types: Yuanta offers specialized accounts, including VIP and professional accounts with enhanced features and lower trading costs.
Special Accounts: The broker provides Islamic accounts for clients who require Sharia-compliant trading options.
Demo Account Policy: Yuanta offers a demo account for clients to practice trading strategies without financial risk.
Leverage Ratio Range: The leverage offered by Yuanta typically ranges from 1:10 to 1:100, depending on the financial instrument and regulatory requirements.
Minimum Trade Size: The minimum trade size is generally 0.01 lots, allowing clients to trade in smaller increments.
Overnight Fees Policy: Yuanta applies overnight fees (swap rates) for positions held beyond the trading day, which are clearly disclosed to clients.
Supported Deposit Methods: Yuanta accepts various deposit methods, including bank transfers, credit cards, and electronic wallets.
Minimum Deposit Requirements: The minimum deposit requirement varies by account type, generally starting from 1,000 HKD for standard accounts.
Deposit Processing Time: Deposits are typically processed within one business day, depending on the method used.
Deposit Fees: Yuanta does not charge fees for deposits made via local bank transfers, but fees may apply for international transfers.
Withdrawal Methods and Restrictions: Clients can withdraw funds through bank transfers and electronic wallets, with certain restrictions based on account verification status.
Withdrawal Processing Time: Withdrawal requests are usually processed within 2-3 business days.
Withdrawal Fee Structure: Yuanta charges a nominal fee for withdrawals, which may vary depending on the method selected.
Support Channels: Yuanta provides multiple support channels, including phone, email, live chat, and social media platforms.
Service Hours and Time Zone Coverage: Customer support is available during business hours in Hong Kong, accommodating clients across various time zones.
Multilingual Support: The broker offers support in English, Chinese, and other languages to cater to its diverse client base.
Types of Educational Resources: Yuanta provides a range of educational resources, including webinars, tutorials, and e-books to help clients improve their trading skills.
Market Analysis Services: The broker offers daily market analysis, news updates, and research reports to keep clients informed about market trends.
Trading Tools: Yuanta provides various trading tools, including calculators, economic calendars, and signal services to assist clients in making informed trading decisions.
Main Service Markets: Yuanta primarily serves clients in Hong Kong, Taiwan, and other parts of Asia.
Regional Office Distribution: The broker has a significant presence in Hong Kong, with plans to expand its services in other Asian markets.
Countries/Regions Not Accepting Clients: Yuanta does not accept clients from regions with strict financial regulations or where it is not licensed to operate.
Special Restrictions Note: Clients are advised to check the specific regulations in their jurisdictions before opening an account with Yuanta broker.
In conclusion, Yuanta Securities (Hong Kong) Company Limited stands as a well-regulated and established financial service provider in Asia, offering a diverse range of products and services tailored to meet the needs of both retail and institutional clients. Its commitment to regulatory compliance and customer service further enhances its reputation as a reliable broker in the financial markets.