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ZHONGYANG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-21 12:31

Abstract：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.

ZHONGYANG Review Summary
Founded	2019
Registered Country/Region	Hong Kong
Regulation	SFC (Exceeded, Suspicious clone)
Market Instruments	Securities and futures
Demo Account	❌
Trading Platform	Yisheng Polestar 9.5.7 system
Min Deposit	/
Customer Support	Online consultation
	Phone: +852 31070731
	Fax: (852) 2836 3825
	Email: CS@zyzq.com.hk
	Address: 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 Cons

Pros	Cons
Access to global securities and futures	Exceeded and suspicious clone SFC licenses
Online consultation available	Limited funding methods
	No info on minimum deposit

Is 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	Exceeded
Regulated by	Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution	Zhong Yang Capital Limited
Licensed Type	Advising on securities
Licensed Number	BLG119

Regulatory Status	Suspicious Clone
Regulated by	Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution	Zhong Yang Capital Limited
Licensed Type	Dealing in futures contracts
Licensed Number	BGT529

Products 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 Stock	Shanghai/Shenzhen-Hong Kong Stock Connect	U.S.
Fee	0.1% turnover fee	0.1% hand-on fee	$0.05/share ($0.01/share for more than 2,000 shares per day) running fee
Minimum consumption rate	80 Hong Kong dollars	100 yuan	$1.99
Financing interest rate	8% annual	8% annual	8% annual

　　Besides, they also charge commissions for different futures products, for example:

	Breed Number	Breed Name	Contract Units	Minimum Price Change	Commission (USD)
COMEX	GC	U.S. Gold	100 ounces	0.1	20
COMEX	HG	CMX Copper	25000 pounds	0.0005
COMEX	SI	U.S. Silver	5000 ounces	0.005
COMEX	MGC	Micro Gold Futures	10 ounces	1
NYMEX	CL	U.S. crude oil	1000 barrels	0.01

　　More details can be learned through clicking: https://www.zyfgl.com/index.php?m=content&c=index&a=lists&catid=19

Trading Platform

　　ZHONGYANG offers Yisheng Polestar 9.5.7 system, which can be downloaded via App Store and Google Play.

Deposit and Withdrawal

Deposit:

　　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/C

Withdrawal:

　　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.