LUKFOOK FINANCIAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-18 16:37

Abstract：LUKFOOK is a global financial company based in Hong Kong. It provides traders with access to a range of products and services including Securities trading, Futures trading, Wealth management, Asset management, Investment immigration, Asset management. It is now under SFC (Securities and Futures Commission of Hong Kong) regulation with License No. AXW976.

LUKFOOK Review Summary
Founded	1999
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Futures, options, stock, securities
Account Type	Securities Account, Options Account
Trading Platform	Securities Trading System
Payment Method	Bank Transfer, Cheque Deposit, Telegraphic Transfer (including through bank counter, ATM & cheque deposit machine), FPS
Customer Support	Phone: (852) 2980 0888
	Fax: (852) 2980 0799
	Email: cs@lff.com.hk
	Physical Address: Units 2201-2207 & 2213-2214, 22/F, Cosco Tower,183 Queens Road Central, Hong Kong (MTR Sheung Wan Station Exit E2)

LUKFOOKR Information

　　LUKFOOK, founded in 1999, is a brokerage registered in Hong Kong. The trading instruments it provides cover more than 50 types of forex , more than 70 types of shares, indices, metals, and commodities.

Pros and Cons

Pros	Cons
Regulated	No commission information
Wide range of trading instruments	No clear information on the minimum deposit for each accounts
Generous leverage up to 1:500	Limited account types offered
MT4 and MT5 supported	No Islamic account
Copy trading available
Demo account available

Is LUKFOOK Legit?

　　LUKFOOK is regulated by SFC in Hong Kong. Its current status is regulated.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
Hong Kong	SFC	Luk Fook Futures (HK) Limited	Dealing in futures contracts	AXW976	Regulated

What Can I Trade on LUKFOOK?

　　LUKFOOK offers traders securities, futures, options, stock to trade.

Tradable Instruments	Supported
Securities	✔
Fetures	✔
Options	✔
Stock	✔
Forex	❌
Commodities	❌
Metals	❌
Indices	❌
Futures	❌

LUKFOOK Fees

　　The LUKFOOK fees composition are complex. For example, Hong Kong securities transaction fees are included: Commission, Stamp Duty, Transaction Levy, Trading Fee, Clearing Fee, AFRC Transaction Levy and other fees.

Types	Fees
Commission	Online cash account	Negotiable
	Online margin account
Stamp Duty	0.1% of Transaction Amount (roundup to dollar)
Transaction Levy	0.0027% of transaction amount
Trading Fee	0.00565% of transaction amount
Clearing Fee	0.002% of transaction amountMin. charge $2.00. Max. charge $100.00
AFRC Transaction Levy	0.00015% of transaction amount (rounded to the nearest cent)

Trading Platform

　　LUKFOOK's trading platform is Securities Trading System, which supports traders on PC.

Trading Platform	Supported	Available Devices
Securities Trading System	✔	Web
MT4 Margin WebTrader	❌
MT5	❌

Deposit and Withdrawal

Deposit

　　Fund Deposit to Securities account

　　Methods: Bank Transfer, Cheque Deposit, Telegraphic Transfer (including through bank counter, ATM & cheque deposit machine), FPS.

　　Payable to: Luk Fook Securities (HK) Limited

Bank	Currency	Bank Account Number	SWIFT ID
HSBC	HKD	511-246613-001	HSBCHKHH
	RMB	848-160834-209	HSBCHKHH
	USD	848-160834-201	HSBCHKHH
Standard Chartered Bank	HKD	447-0789162-3	SCBLHKHHXXX
Standard Chartered Bank	USD	447-0789658-7	SCBLHKHHXXX
Hang Seng Bank	HKD	275-225738-001	HASEHKHH
Bank of China	HKD	012-875-0047477-9	BKCHHKHHXXX
Bank of China	RMB	012-875-06022754	BKCHHKHHXXX
	FPS Identifier (applicable to HKD)	Account Name
	5561857	Luk Fook Securities (HK) Limited

　　Fund Deposit to Futures Account

　　Methods: Bank Transfer, Cheque Deposit, Telegraphic Transfer (including through bank counter, ATM & cheque deposit machine), FPS.

　　Payable to: Luk Fook Futures (HK) Limited

Bank	Currency	Bank Account Number	SWIFT ID
HSBC	HKD	848-161287-001	HSBCHKHH
HSBC	USD	848-161295-274	HSBCHKHH
Standard Chartered Bank	HKD	447-0788477-5	SCBLHKHHXXX
Standard Chartered Bank	USD	447-1-782444-9	SCBLHKHHXXX
Hang Seng Bank	HKD	787-466911-002	HASEHKHH
Bank of China	HKD	012-875-00499941	BKCHHKHHXXX
	USD	012-875-08037976	BKCHHKHHXXX
	RMB	012-875-06031244	BKCHHKHHXXX
	FPS Identifier (applicable to HKD)	Account Name
	9006271	Luk Fook Futures (HK) Limited – HKFE Clients A/C