Cinda International Spreads, leverage, minimum deposit Revealed

　　Cinda International is a legally regulated Hong Kong broker registered in 2008. It offers multiple trading choices and supports trading through various platforms. However, it charges many kinds of fees, which could impose a financial burden on you.

Pros and Cons

Is Cinda International Legit?

　　Cinda International holds the “dealing in futures contracts” license issued by Securities and Futures Commission of Hong Kong with license number of ACN418.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Status
	Securities and Futures Commission of Hong Kong	Cinda International Futures Limited	Dealing in futures contracts	ACN418	Regulated

What Can I Trade on Cinda International?

　　Cinda International offers two trading instruments: securities and futures trading, and two services: asset management and corporate finance solutions.

Account Opening

　　To open an account at Cinda International, you have two options:

　　1. Apply Online

　　a. Install the “信達環球” APP ;

　　b. Prepare account opening documents:

• valid identification document
• residential address proof issued within the last 3 months
• if the corresponding address is different from residential address, corresponding address proof should be provided separately
• Hong Kong bank account proof, must show your full name

　　c. Complete all relevant sections of the Account Opening Form.

　　d. Transfer HKD 10,000 (or USD/RMB) to Cinda International 's bank account and then upload the deposit/transfer advice slip.

　　e. Waiting for a confirmation notice through SMS and email.

　　2. Apply Offline

　　To apply offline you should bring with the following documents and visit Cinda

　　International Head Office: 45/F, COSCO Tower, 183 Queen's Road Central, Hong Kong:

• Hong Kong Identity Card, a valid passport
• Address Proof issued within the last three months
• If the corresponding address is different from residential address, a 3-month corresponding address should be provided.
• Bank Proof (e.g Bank Statement, Debit Card or first page of bank book)

　　To download specific account opening forms, you can visit: https://www.cinda.com.hk/en/open_account.php

Cinda International Fees

　　Cinda International imposes a range of fees for different financial instruments and services.

　　For instance, you need to pay stamp duty, clearing fee, management fee, brokerage fee and many other kinds of fees. For detailed information, please visit the page: https://www.cinda.com.hk/en/service_fee.php

　　Swap Rates

　　For futures trading, swap rates are charged. Different products set different rates. For example, for Hang Seng Index Futures (HSI), a $ 100.54 overnight fee is required and for Mini - Hang Seng Index Futures (MHI), it is setted at $ 50.1. You can look for more details in this page: https://www.cinda.com.hk/en/service_fee.php

　　Non-Trading Fees

　　At Cinda International, HK$50 will be deducted from the inactive account automatically.

Trading Platform

　　Cinda International offers different platforms for trading stocks and futures. You can trade stocks on three platforms and futures on two platforms.

Deposit and Withdrawal

　　Cinda International charges withdrawal fees but does not impose any handling fees for deposits. Cinda International has not mentioned the minimum deposit amount.

　　Deposit Options

　　You can make deposit into the Cinda Internationals specified bank accounts via electonic remittance, cheque, transfer, online banking and bank counter transfer (Cash deposit will not be accepted).

　　Withdrawal Options

　　Cinda International supports withdrawal through three channels. However, it does not provide services for remitting RMB to bank accounts in mainland China.