ZHONGYANG Review SummaryFounded2019Registered Country/RegionHong KongRegulationSFC (Exceeded, Suspicious clone)Market InstrumentsSecurities and futuresDemo Account❌Trading PlatformYisheng Polestar 9.5.7 systemMin Deposit/Customer SupportOnline consultationPhone: +852 31070731Fax: (852) 2836 3825Email: CS@zyzq.com.hkAddress: Room 1101, 118 Connaught Road West, Hong Kong ZHONGYANG provides securities and futures brokerage services, offering trading options in various markets, including the Hong Kong Stock Exchange (HKEX), American stock exchanges (NYSE, NASDAQ), and the Shanghai and Shenzhen Stock Connect. They offer a range of financial products, including securities and futures contracts, each with its associated trading fees. However, their regulatory licenses of SFC are exceeded and suspicious clone.Pros and ConsPros Cons Access to global securities and futuresExceeded and suspicious clone SFC licensesOnline consultation availableLimited funding methodsNo info on minimum depositIs ZHONGYANG Legit? ZHONGYANG holds two license types of SFC: Advising on securities and Dealing in futures contracts. However, these two licenses are reported as exceeded or suspicious clones.Regulatory Status ExceededRegulated by Securities and Futures Commission of Hong Kong (SFC)Licensed Institution Zhong Yang Capital LimitedLicensed TypeAdvising on securitiesLicensed NumberBLG119Regulatory Status Suspicious CloneRegulated by Securities and Futures Commission of Hong Kong (SFC)Licensed Institution Zhong Yang Capital LimitedLicensed TypeDealing in futures contractsLicensed NumberBGT529Products and Services ZHONGYANGs securities business provides trading of securities and related derivatives of companies listed on the Hong Kong Stock Exchange, trading of Shanghai-Hong Kong Stock Connect, global securities, funds and bonds, and related margin trading services. Besides, they also provide investment advice and asset management financial services to clients.ZHONGYANG Fees ZHONGYANG charges turnover fees and commission:Hong Kong StockShanghai/Shenzhen-Hong Kong Stock ConnectU.S.Fee0.1% turnover fee0.1% hand-on fee$0.05/share ($0.01/share for more than 2,000 shares per day) running feeMinimum consumption rate80 Hong Kong dollars100 yuan$1.99Financing interest rate8% annual8% annual8% annual Besides, they also charge commissions for different futures products, for example:Breed NumberBreed NameContract UnitsMinimum Price ChangeCommission (USD)COMEXGCU.S. Gold100 ounces0.120COMEXHGCMX Copper25000 pounds0.0005COMEXSIU.S. Silver5000 ounces0.005COMEXMGCMicro Gold Futures10 ounces1NYMEXCLU.S. crude oil1000 barrels0.01 More details can be learned through clicking: https://www.zyfgl.com/index.php?m=content&c=index&a=lists&catid=19Trading Platform ZHONGYANG offers Yisheng Polestar 9.5.7 system, which can be downloaded via App Store and Google Play.Deposit and WithdrawalDeposit: ZHONGYANG offers bank transfer to make a deposit. After the account transfer is completed, the customer needs to provide Zhong Yang Securities with a complete deposit certificate. The company will then call the customer to verify and confirm the fund deposit operation. Bank Name: Bank of China (Hong Kong) Limited SWIFT Code: BKCHHKHHXXX Beneficiary Account Name: ZHONG YANG SECURITIES LTD – Clients A/CWithdrawal: Customers can notify Zhong Yang Securities for withdrawals through the following routes: Call: Dial (852) 31070731 Email: Send an email with the details to cs@zyzq.com.hk for securities and set.fut@zyzq.com.hk for futures, using the email registered when the account was opened. Fax or Email: Fill out the withdrawal form and fax it to +852-28363825 or email it to cs@zyzq.com.hk for securities and set.fut@zyzq.com.hk for futures. Notes: - If no request is made, a cheque will be issued. For bank transfers or telegraphic payments, notify the company separately. Any handling fees are subject to the banks charges. - Funds received before 11:00 a.m. on a trading day will be credited the same day, and funds received after 11:00 a.m. will be credited on the next trading day. - The company does not process withdrawal requests from third-party bank accounts.