HEAD & SHOULDERS FINANCIAL GROUP Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-04 11:00

Abstract：　　Head & Shoulders Securities Limited, incorporated in 1970 in Hong Kong, is regulated by the Securities and Futures Commission (SFC) under license AFS455, however its current licensing status is “Exceeded.” It provides securities trading and margin financing services for equities, derivatives, bonds, ETFs, and REITs, but does not offer demo or Islamic accounts.

Head & Shoulders Review Summary
Founded	1970
Registered Country/Region	Hong Kong
Regulation	SFC (Exceeded)
Trading Products	Securities, stocks, derivatives, bonds, ETFs, REITs
Demo Account	❌
Trading Platform	Online Trading Platform, AAStocks Real-time Quote, iOS Trading App, Android Trading App, eBrokerKey
Minimum Deposit	/
Customer Support	General tel: +852 3103-8388
	CS hotline: +852 3103-8386
	Fax: +852 3103-8399
	Email: info@headandshoulders.com.hk
	Wechat

Head & Shoulders Information

　　Head & Shoulders Securities Limited, incorporated in 1970 in Hong Kong, is regulated by the Securities and Futures Commission (SFC) under license AFS455, however its current licensing status is “Exceeded.” It provides securities trading and margin financing services for equities, derivatives, bonds, ETFs, and REITs, but does not offer demo or Islamic accounts.

Pros and Cons

Pros	Cons
Long-established (since 1970)	License status currently “Exceeded”
Wide product range: stocks, derivatives, ETFs, REITs	No demo account, no Islamic account
Multiple trading platforms (web, mobile)	Minimum deposit not clearly mentioned

Is Head & Shoulders Legit?

　　Head & Shoulders Securities Limited is a licensed entity controlled by the Securities and Futures Commission of Hong Kong with license number AFS455 for “Dealing in Securities.” However, the current license status is displayed as Exceeded.

What Can I Trade on Head & Shoulders?

　　Head & Shoulders Securities Limited offers securities trading and margin financing services, covering stocks, derivatives, bonds, ETFs, and REITs.

Trading Products	Supported
Stocks	✔
Derivatives (warrants, CBBC)	✔
Bonds (incl. inflation-linked)	✔
ETFs	✔
REITs	✔
Forex	×
Commodities	×
Indices	×
Cryptocurrencies	×
Options	×

Account Type

　　Head & Shoulders Securities Limited provides two types of live accounts — cash and margin — to individual and business clients. They do not provide demo or Islamic accounts. Cash accounts are ideal for conservative or inexperienced traders, whilst margin accounts are ideal for experienced traders looking for leverage.

Account Type	Suitable for
Individual Cash Account	Beginners or investors wanting to trade without leverage
Individual Margin Account	Experienced traders looking to trade on margin (with leverage)
Corporate Cash Account	Companies wanting to trade securities without using leverage
Corporate Margin Account	Companies seeking margin financing and leveraged trading

Head & Shoulders Fees

　　Head & Shoulders Securities Limited imposes costs that are comparable to or somewhat more than certain industry competitors.

Fee Type	Details
Internet Orders	Favorable rates, min. HK$50
Phone Orders	Favorable rates, min. HK$50
Settlement Instruction (SI)	0.25% of value, min. HK$500
Investor Settlement (ISI)	0.25% of value
Stamp Duty	HK$1 per HK$1,000 of transaction
Transaction Levy (SFC)	0.0027% of transaction amount
Transaction Levy (FRC)	0.00015% of transaction amount
Trading Fee (HKEX)	0.00565% of transaction amount
Clearing Fee (HKSCC)	0.002% of transaction amount, min. HK$5
Physical Stock Deposit	HK$5 per lot (transfer deed stamp duty)
Physical Stock Withdrawal	HK$6 per lot
Cash Dividend Handling	0.5% of dividend amount, min. HK$10
Scrip Fee	HK$2.5 per lot (first time)
New Issues Handling Fee	HK$50

Trading Platform

Trading Platform	Supported	Devices
Online Trading Platform	✔	Web
AAStocks Real-time Quote	✔	Web, Mobile App
iOS Trading App	✔	iOS
Android Trading App (APK)	✔	Android
eBrokerKey (iOS)	✔	iOS
eBrokerKey (Android)	✔	Android

Deposit and Withdrawal

　　Head & Shoulders Securities Limited does not openly impose deposit or withdrawal fee. The minimum deposit amount is not clearly defined.

Payment Options	Minimum Amount	Fees	Processing Time
Bank Transfer (Deposit)	/	/	Same business day if notified before 3:00 pm; otherwise next business day
Bank Transfer (Withdrawal)	/	/	1–2 days if notified before 11:00 am; otherwise next business day