RIFA
Abstract：RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options, with multiple contact numbers for customer support.
| RIFA Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC |
| Market Instruments | Securities, futures |
| Trading Platform | RIFA Securities Mobile Trading Platform, Ayers Security Code, Rifa Futures Trading Software - Yisheng Polestar 9.3, Yisheng Yixing APP |
| Minimum Deposit | / |
| Customer Support | Tel: 4008 908 168, 852 3900 1781, 86 14715035047, 852 3900 1718 |
RIFA Information
RIFA is an online trading platform regulated by the SFC for futures contracts (License ARP340). They offer security and futures trading through various platforms, including mobile and desktop options.
Pros and Cons
| Pros | Cons |
| Various trading platforms | Complex fee structure |
| Regulated by SFC | |
| Transparent fees |
Is RIFA Legit?
RIFA is currently regulated by Hong Kong's SFC for futures contracts (License ARP340) while its securities dealing license (AAA537) is exceeded.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Securities and Futures Commission (SFC) | Regulated | Hong Kong | Dealing in futures contracts | ARP340 |
| Securities and Futures Commission (SFC) | Exceeded | Hong Kong | Dealing in securities | AAA537 |
What Can I Trade on RIFA?
RIFA mainly offers security and futures trading.
| Trading Products | Supported |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ❌ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptos | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
RIFA Fees
- Stock Trading Fees
| Type | Fees |
| Commission | Please consult your broker |
| Transaction Levy | 0.0027% of the transaction amount |
| Transaction Fees | 0.00565% of the transaction amount |
| Stock stamp duty | 0.1% of the transaction amount (if the amount is less than $1, it will be calculated as $1) |
| Settlement Fee | 0.005%, minimum HKD 5.5 (charged in the currency charged by the clearing house) |
| China-Hong Kong System Connection Fee | HK$15 per order |
| Financial Reporting Council Transaction Levy | 0.00015% of the transaction amount |
- Agent Service Fees
| Type | Fees |
| Collect dividends | 0.5% of total dividend (0.12% HKSCC), min HK$30/US$4/CNY$30, max HK$10,000 (charged in dividend currency) |
| Exercise rights/warrants/CBBCs/takeover | HK$1.5 per stock lot (HK$0.8 H.K. Clearing), min HK$30 (charged in product settlement currency) |
| Applying for additional rights | HK$1.5 per lot, min HK$30 |
| Registration & transfer fees (stocks, bonus shares, warrants, rights) | Transfer fee HK$2 per lot (HK$1.5 H.K. Clearing Corp.). HK$10 per stock, HK$30 per bonus share (calculated per stock). (charged in clearing house currency) |
Trading Platform
| Trading Platform | Supported | Available Devices |
| RIFA Securities Mobile Trading Platform | ✔ | Android 4.0 or iOS 7.0 system |
| Ayers Security Code | ✔ | Android 4.0 or iOS 7.0 system |
| Rifa Futures Trading Software - Yisheng Polestar 9.3 | ✔ | Windows |
| Yisheng Yixing Mobile Trading Platform | ✔ | Android, iOS (via QR Code) |
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