CPY Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-22 13:56

Abstract：Core Pacific - Yamaichi (CPY), a Hong Kong-based SFC-regulated financial services company, was founded in 1969. It holds a “Dealing in Futures Contracts” license (ABY048). CPY provides worldwide stocks, futures, bonds, asset and wealth management, IPO sponsorship, and corporate finance. The platforms offer desktop and mobile access with extensive analysis features, but demo accounts are unavailable.

CPY Review Summary
Founded	1969
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Global equities, futures, bonds, IPOs
Demo Account	❌
Trading Platform	SP Trader Futures, TSCI (PC Download), 京華通 CPYGo Mobile App
Customer Support	Phone: (852) 2826 0700
	Facsimile: (852) 2918 0409
	Email: info@cpy.com.hk (reply within 3 working days)
	Address: Room 1101, 11/F, China Resources Building, 26 Harbour Road, Wanchai, Hong Kong

CPY Information

　　Core Pacific - Yamaichi (CPY), a Hong Kong-based SFC-regulated financial services company, was founded in 1969. It holds a “Dealing in Futures Contracts” license (ABY048). CPY provides worldwide stocks, futures, bonds, asset and wealth management, IPO sponsorship, and corporate finance. The platforms offer desktop and mobile access with extensive analysis features, but demo accounts are unavailable.

Pros and Cons

Pros	Cons
Offers comprehensive financial services (stocks, futures, etc.)	No demo accounts
Regulated by Hong Kong SFC	International withdrawals incur HKD 100 + bank charges
Feature-rich platforms with multi-language support

Is CPY Legit?

　　Yes, Core Pacific-Yamaichi Futures (H.K.) Limited (CPY) is legitimate and regulated. It holds a “Dealing in futures contracts” license issued by the Securities and Futures Commission (SFC) of Hong Kong, License No. ABY048, which has been in effect since September 19, 2007.

What Can I Trade on CPY?

　　Core Pacific - Yamaichi (CPY) provides a comprehensive range of financial services in both global and regional markets. Its primary services include trading, investment banking, asset management, and wealth management.

Trading Instruments	Supported
Equities	✔
Futures	✔
Bonds	✔
IPOs	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Cryptocurrencies	❌
Options	❌
ETFs	❌

CPY Fees

　　Core Pacific - Yamaichi (CPY) often has competitive fee structures as compared to industry averages. Local trading fees are fixed, whereas offshore securities and futures fees are flexible but may include additional custodian and processing fees.

Category	Main Fees Summary
HK Securities	0.25% commission (min. HK$100), plus levies and stamp duty
Shanghai/Shenzhen A Shares	0.25% commission (min. RMB100), handling fees, stamp, transfer, portfolio fees
Stock Connect ETFs	0.25% commission (min. RMB100), handling and transfer fees; management fee waived
Grey Market	0.3% commission (min. HK$150)
Overseas Bonds	0.05% p.a. custody, 0.5% interest collection, HKD400 transfer fee
Overseas Stocks	0.25–0.6% commission depending on region, various taxes/levies + custodian fees
Options	1% of contracted value (min. HKD20–30), plus fees for exercise
Local Futures	HKD 20–60 (day trade), up to HKD 100 (overnight), plus exchange fees & settlement
Global Futures	Commission negotiable, varies by exchange/product; margin as per exchange rules
Custody & Admin	Most services (custody, dormant, reprints, maintenance) are free or low cost

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
SP Trader Futures	✔	Windows (Desktop)	Futures and options traders needing advanced tools
TSCI (PC Download)	✔	Windows (PC)	Active traders seeking deep analysis and advanced features
京華通 CPYGo App	✔	iOS, Android (Mobile)	Retail investors needing multi-market access on the go

Deposit and Withdrawal

　　Core Pacific - Yamaichi (CPY) charges no deposit fees, although certain withdrawal methods, such as wire transfers, have a HKD 100 handling fee. The minimum deposit amount is not mentioned, but if it exceeds HKD 10,000, supporting documentation and phone verification are necessary.

　　Deposit Options

Deposit Method	Deposit Fees	Deposit Time
eDDA Express Deposit	❌	Instant or within minutes
FPS (HKD / RMB via FPS ID)	❌	Same day (with deposit proof)
Bank Transfer (ATM / Online)	❌	Same day if before 4:00 PM
Cheque (Bank Counter / Machine)	❌	2 working days (clearing time)
eCheque (by email)	❌	2 working days after approval
HSBC e-Bill Payment	❌	Instant (with proof)
Phone Banking	❌	Same day if before 4:00 PM
Overseas Remittance	Bank charges apply	1–3 business days
Cash Deposit (not recommended)	❌	Same day

　　Withdrawal Options

Withdrawal Method	Withdrawal Fees	Withdrawal Time
e-Withdrawal (Registered Bank)	❌	Same day if submitted before 12:00 PM (Mon–Fri)
Cheque Withdrawal	❌	Same day (HKD only)
Local Bank Transfer	❌	Same day (to HSBC/Hang Seng/BOC HK)
Overseas Remittance	HKD 100 + bank charges	1–3 business days