DA Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:41

Abstract：Founded in Hong Kong, China, in 2011, DA (DA International Financial Service Ltd) is a financial institution that offers stocks and futures trading through its proprietary platform. Its operations are regulated by the Securities and Futures Commission of Hong Kong.

DA Review Summary
Founded	2011
Registered Country/Region	Hong Kong China
Regulation	SFC
Market Instruments	Futures and stocks
Demo Account	✅
Trading Platform	Proprietary platform
Min Deposit	No minimum deposit
Customer Support	Phone: 00852-3919 9110; 400-119-8833; +852 3199 5100 (Financial Dispute Resolution Center)
	Emaill: cs@directaccess.com.hk; fdrc@fdrc.org.hk (Financial Dispute Resolution Center)
	QQ: 4006391818
	Physical Address: Room 4704-06, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong
	Room 408-09, 4/F, West Tower, Legal Center, 11 Ice House Street, Central, Hong Kong (Financial Dispute Resolution Center)

　　Founded in Hong Kong, China, in 2011, DA (DA International Financial Service Ltd) is a financial institution that offers stocks and futures trading through its proprietary platform. Its operations are regulated by the Securities and Futures Commission of Hong Kong.

Pros and Cons

Pros	Cons
SFC-regulated	Limited trading choices
Comprehensive customer service
No minimum deposit requirement
Demo accounts

Is DA Legit?

　　Direct International is a licensed corporation approved by the Securities and Futures Commission of Hong Kong (Central No.: AXH777). It holds a Type 1 license for “Dealing in Securities” and a Type 2 license for “Dealing in Futures Contracts”. We have found related information on the website of Hong Kong SFC. Overall, it is a locally regulated brokerage, and it is relatively safe to consider engaging in trading with it.

What Can I Trade on DA?

　　DA focuses on two types of trading instruments: stocks and futures. You can trade Hong Kong stocks, US stocks, A-Share Connect, Korean stocks, and more through DA.

Tradable Instruments	Supported
Forex	❌
Commodities	❌
Indices	❌
Cryptocurrencies	❌
Stocks	✔
Mutual Fund	❌
Futures	✔

Account Type

　　DA offers three types of accounts based on the market instruments you need to trade, including: Securities Cash Account, Securities Margin Account, and Futures Account. In addition, it provides a demo account for you to practice in a risk-free environment.

How to Open a DA Account?

Apply on APP: To open an account online, you can install DA's app, enter the login interface, and click on 'Online Account Opening'.
Apply on Website: You can find the “Open Account Now” option on its website, or click on the link: https://www.directaccess.com.hk/marketing/marketing_to.html and scan the QR code to open an account.

　　The comprehensive process of opening an account:

Enter your phone number to get a verification code;
Choose the account according to the market instruments you need to trade;
Upload your ID card;
Verify the bank card in mainland China；
Fill in contact information and employment information;
Select your personal financial and investment information;
Confirm your personal risk tolerance;
Disclosure of other information;
Identity verification: You are required to use the front camera to shoot a 3-second video of your face.

Fees

　　DA charges commission based on the trading method and types of market instruments. For example, for online Hong Kong securities trading, you need to pay 0.029% of the transaction amount, with a minimum of HKD 10 per transaction. For more details, please visit the website：https://www.directaccess.com.hk/callcenter/fee_HK_stock.html.

Trading Platform

　　DA only supports trading through its proprietary platform, which is accessible via computer and phone, and provides basic functions to assist in trading.