Read the full review of Wocom, Before Investing

WOCOM is a global financial service company based in Hongkong. It provides traders with access to a wide range of trading products including Local Securities (Margin Financing), China Connect, IPO (Margin, International Placing), Stock Options, Foreign Stocks, Unit Trust, Local Futures, Foreign Futures, Forex. It is currently under dual regulation by SFC (Securities and Futures Commission of Hong Kong) with License No.: AAH843 (Dealing in futures contracts) and License No.: ACL076 (Leveraged foreign exchange trading).

Is WOCOM Safe or Scam？

When considering the safety of a financial service company like WOCOM or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial service company:

Regulatory sight: It is currently under dual regulation by SFC (Securities and Futures Commission of Hong Kong) with License No.: AAH843 (Dealing in futures contracts) and License No.: ACL076 (Leveraged foreign exchange trading) which makes it appears to be reliable and reputable. But it is important to note that experience alone does not guarantee the legitimacy or security of a financial service company.

Trading Platforms

WOCOM provides its clients with a web-based trading platform and mobile apps which allows clients to access and manage their investment portfolios, execute trades, and stay updated on market movements and account information. With the platform's user-friendly interface and comprehensive features, clients can monitor their investments and take advantage of trading opportunities at their convenience. WOCOM Securities Limited's service hours are from Monday to Friday (excluding public holidays), extending from 8:30 a.m. to 9:30 p.m. This service period enables clients to engage with the platform and seek support during most trading hours, ensuring that their investment needs are attended to promptly and efficiently.

Deposits & Withdrawals

WOCOM offers a range of convenient deposit methods to accommodate their clients' funding needs. The available deposit methods include:

Faster Payment System (FPS): Clients can utilize the Faster Payment System, a real-time interbank electronic payment system in Hong Kong, to make fast and secure deposits into their trading accounts. The method is applicable for Securities and Stock Options Account.

Payment by Phone Service (PPS): WOCOM supports the Payment by Phone Service, allowing clients to conveniently deposit funds using their PPS accounts through designated channels. The method is applicable for Securities and Stock Options Account.

Bank Transfer and Cheque Deposit: Clients have the option to deposit funds through bank transfer or cheque deposit, which can be done through online banking, bank counters, ATMs, or cheque deposit machines, providing flexibility and accessibility. The method is applicable for Securities, Stock Options, Futures and Forex Accounts.

Telegraphic Transfer: For overseas clients, WOCOM facilitates deposits via telegraphic transfer, enabling funds to be transferred from international bank accounts.

While specific withdrawal methods are not available on their webpage, clients are encouraged to directly consult with WOCOM for comprehensive details regarding withdrawal options and procedures. The financial company's customer service team can provide accurate and up-to-date information tailored to individual client needs.

It is important for clients to be aware of any associated fees, processing times, and documentation requirements that may apply to each deposit method.

Comission & Fees

WOCOM applies commissions and trading fees to its services, although the specific details of these charges may vary according to different products and services. To obtain accurate and up-to-date information regarding commissions and related trading fees, clients are encouraged to visit the relevant page on WOCOMs website or directly consult with the company. By doing so, clients can obtain comprehensive details on the commission structure, any applicable fees, and any other trading costs associated with their specific investment activities.

https://wocom.com.hk/commission-and-fee/

Customer Service

WOCOM provides multiple customer service options to assist its clients. Customers can reach out to WOCOM through various channels to address their queries and concerns as below:

Address: Room 1002 Wing On Centre, 111 Connaught Road Central, Hong Kong

Tel: (852)2853-0111

Fax: (852)2854-3822

Email: cs@wocom.com.hk.

Office Hours: 9:00am to 6:00pm (Mon – Fri) Closed On Saturday, Sunday and Public Holiday

Besides of above, WOCOM also offers online WhatsApp chat for clients who want to communicate with customer service representatives in real time.

Pros and Cons

Conclusion

According to available information, WOCOM is an SFC-regulated Hongkong -based financial service company. It provides traders with a range of financial products and services including Local Securities (Margin Financing), China Connect, IPO (Margin, International Placing), Stock Options, Foreign Stocks, Unit Trust, Local Futures, Foreign Futures, Forex. Even though its dual- egulation status makes the broker appears reliable, it is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from WOCOM before making any investment decisions.

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