Score
Hong Kong
|
2-5 years
| https://www.hafoo.com.hk/
Website
Rating Index
Influence
C
Influence index NO.1
Hong Kong 2.93
LicensesLicensed Entity：Hafoo Securities Limited
License No. ATR761
Hong Kong hafoo.com.hk Hong Kong
VIP is not activated.| Hafoo Securities Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Hong Kong |
| Regulation | Exceeded |
| Products and Services | Shares, ETFs, Stocks |
| Customer Support | cs@hafoo.com.hk |
| Hong Kong: (00852)2111-2681 | |
| Mainland China: (86)400-920-1822 | |
Hafoo Securities is a wholly-owned subsidiary of Eastmoney Information Co., Ltd. (listed on the Shenzhen Stock Exchange with the stock code SZ.300059). It is a licensed corporation recognized by the Hong Kong Securities and Futures Commission (SFC), holding the Central No. ATR761. Since its establishment, it has been committed to providing one-stop, diversified, and international financial and wealth management services to investors around the world.
| Pros | Cons |
| Diverse Business Scope | Exceeded |
| Diverse Investment Products | Complex Fee Structure |
| Global Market Access | Currency Exchange Risks |
| Relying on Oriental Fortune |
Although Hafoo Securities is part of the Eastmoney Group and claims to be a licensed company regulated by the Hong Kong Securities and Futures Commission, its licensing status still gives rise to some concerns.
Hafoo Securities provides various trading instruments, including stocks traded in the Hong Kong, US, and A-share markets (through the Shanghai-Hong Kong Stock Connect). Exchange-traded funds (ETFs) are available for trading, as well as US stock option trading and trading of US Treasuries.
| Tradable Instruments | Supported |
| Shares | ✔ |
| ETFs | ✔ |
| Stocks | ✔ |
The fee structure for stock trading on Hafoo Securities is complex. For Hong Kong stocks, the trading commission is 0.025% of the transaction amount (with a minimum of HK$5 per order). For US stocks, the trading commission is US$0.49 per share (with a minimum of US$0.99 per order). For A-shares (through the Shanghai-Hong Kong Stock Connect), the trading commission is 0.025% of the transaction amount (with a minimum of RMB5). For other fees, please refer to the information on the official website.
Hafoo Securities provides a trading platform that is accessible via desktop (Windows and Mac) and mobile devices (iOS and Android). The platform features a user-friendly interface, making it suitable for both novice and experienced traders.
Hafoo Securities offers a variety of deposit methods. For example, Hong Kong customers can deposit funds using a Hong Kong bank account. International customers can also deposit through bank transfers. Some accounts may support third-party payment platforms, but this may be subject to certain limitations and regulatory requirements.
Withdrawals are generally processed through the same channels as deposits. However, it should be noted that withdrawals may take a certain processing time and may incur fees, especially in cross-border transactions.
Hafoo Securities offers a selection of stocks, ETFs, and futures for trading. I can trade Hong Kong stocks, US stocks, A-shares through the Shanghai-Hong Kong Stock Connect, and various ETFs. This variety allows me to diversify my investments across different markets. However, I noticed that Hafoo Securities does not offer trading in forex, commodities, or cryptocurrencies, which limits my ability to diversify further. For those interested in stocks and ETFs, this selection works well, but for traders who want exposure to other asset classes, it might feel somewhat limiting.
Yes, Hafoo Securities offers a demo account that allows me to practice trading without any risk. This is especially useful for me as I’m able to familiarize myself with the platform and test different trading strategies before committing real money. The demo account provides access to all the basic trading tools that the real account offers, so I can experience the full functionality of the platform in a risk-free environment. I recommend using the demo account extensively before transitioning to live trading, especially for those new to the platform or trading in general.
Hafoo Securities offers three types of accounts: the Securities Cash Account, the Securities Margin Account, and the Futures Account. The Securities Cash Account is ideal for those who prefer to trade using their own capital. The Securities Margin Account allows me to trade using borrowed funds, offering greater leverage. The Futures Account is for those interested in futures contracts. I opted for the Securities Cash Account because I like to trade without borrowing funds. Additionally, Hafoo Securities provides a demo account, which is an excellent way for beginners like me to practice trading risk-free.
As a SFC-regulated entity, Hafoo Securities is required to maintain high standards of client fund protection. The SFC mandates that brokers like Hafoo keep client funds in segregated accounts, which means that my funds are kept separate from the company’s operational funds. In the rare event of Hafoo Securities facing financial difficulties, this ensures that my funds remain protected. This regulation gives me confidence, knowing that the broker is following strict guidelines for financial transparency and investor protection. I value the peace of mind that comes with trading with a regulated broker like Hafoo Securities.
Please enter...
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
