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CWSI   

WikiFX | 2024-11-19 16:51

Abstract:Established in 2014, Central Wealth Securities Investment Limited (CWSI), a subsidiary of Central Wealth Group Holdings Limited (00139.HK), offers a diverse range of trading assets, including online stock trading, margin accounts, and participation in Initial Public Offerings (IPOs).

CWSI Review Summary
Founded2014
Registered Country/RegionChina Hong Kong
RegulationSFC (Revoked and Exceeded)
Products & ServicesSecurities brokerage, securities underwriting, margin financing, securities research, asset management (private funds set-up and management), structured products, and other integrated financial services
Demo Account✅
Leverage1:10
SpreadFrom 0.05% (Cash Account)
From 0.10% (Margin Account)
Trading PlatformStock trading systems
Min DepositHK$1,000
Customer SupportService time: 24/7
Tel: (852) 3958 4688
Email: cwsi1888@cwsi.com.hk, cs@cwsi.com.hk
Facebook: https://www.facebook.com/cwsi.com.hk
YouTube: https://www.youtube.com/channel/UCqhLmt5qBg8j2yy6bqoYLYQ
Address: Rm1801-1802, Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong

Established in 2014, Central Wealth Securities Investment Limited (CWSI), a subsidiary of Central Wealth Group Holdings Limited (00139.HK), offers a diverse range of trading assets, including online stock trading, margin accounts, and participation in Initial Public Offerings (IPOs).

However, there are regulatory setbacks, such as the revocation of its futures contracts license by the SFC of Hong Kong.

CWSI's homepage

Pros and Cons

Pros Cons
Various financial products and servicesRevoked and exceeded licenses of SFC
Transparent fee structuresNo demo accounts
High minimum deposit

Is CWSI Legit?

CWSI faces a considerable regulatory setback as its license for dealing in futures contracts has been revoked by the Securities and Futures Commission of Hong Kong (License No. BFW317).

Similarly, CWSI's regulatory status continues to be a cause for concern, having exceeded the standards set by the Securities and FuturesCommission of Hong Kong (License No. AVE583) in dealing with securities.

Regulatory Status Revoked
Regulated by Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution Central Wealth Futures LImited
Licensed TypeDealing in futures contracts
Licensed NumberBFW317
Revoked SFC license
Regulatory Status Exceeded
Regulated by Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution Central Wealth Securities Investment
Licensed TypeDealing with securities
Licensed NumberAVE583
Exceeded SFC license

Products and Services

CWSIs businesses cover securities brokerage, securities underwriting, margin financing, securities research, asset management (private funds set-up and management), structured products, bonds, and other integrated financial services.

In their asset management sector, they mainly offers fixed-income funds, with an asset management scale nearing 1 billion US dollars.

The key products include:

- Investment Grade Bond Product: This product primarily invests in investment-grade US dollar bonds, covering regions like China and Hong Kong, and can be diversified globally based on investor preferences.

- High Yield Bond Product: Targeting high yield, this product invests in high-yield US dollar bonds, particularly from China and Hong Kong.

- Short-Term Bond Product: This product focuses on short-term US dollar bonds.

- Fixed Income Products: These products invest in fixed-income targets with specific maturity intervals.

In their sales and trading sector, they provide customers with sales and trading services of offshore derivatives including national bonds, financial bonds, and corporate bonds.

Products and Services

Account Type

CWSI offers Cash Securities Trading Account and Margin Securities Trading Account for individual/joint, and corporate traders. Demo accounts are available for both account types.

Account TypeCash Securities Trading AccountMargin Securities Trading Account
Minimum DepositHK$1,000HK$5,000

To open an account of CWSI, it is simple that you submit supporting document and verify information by phone. Client number and password will be sent to you by post or email.

Account

Leverage

Account TypeCash Securities Trading AccountMargin Securities Trading Account
Leverage/Up to 10 times

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Account TypeCash Securities Trading AccountMargin Securities Trading Account
SpreadVariable, starting from 0.05%Variable, starting from 0.10%
CommissionHK$0.01 per shareHK$0.02 per share

Other Fees

CWSI charges various fees for different products and services. Take HK stocking trading as an example:

ItemsCharges (on gross trade amount)Minimum charges (HKD & USD denominated products)Minimum charges (RMB denominated products)
Phone Trading Commission 0.25%HKD 100 / USD 12RMB 100
Internet Trading Commission
Settlement / Clearing Fee 0.006% per trade (including 0.002% collected by HK Clearing)HKD 3RMB 3
Trading Fee (HKEx) 0.00565%HKD 0.01RMB 0.01
Transaction Levy (SFC) 0.0027%
Stamp Duty 0.1%A fraction of $1, round-up to the nearest $1/
FRC Transaction Levy0.00015%Rounded to the nearest cent/
Investor Compensation Levy (HK Government) #0%//

More details on each trading products can be learned through the link: https://www.cwsi.com.hk/en/trade/charge

Fees

Trading Platform

CWSI offers stock trading systems including securitiessystems and mobile stock trading systems, available on IOS and Android.

Online trading enables customers to access real-time stock quotes and conveniently enter or modify their orders whenever they choose. This platform also allows clients to effortlessly monitor their account balances, stock holdings, and the status of their orders at any time.

Trading Platform

Deposit and Withdrawal

CWSI accepts transfer fund through Online Banking, Counter, ATM transfer and Phone Banking or bring in a cheque or bank draft (payable to “Central Wealth Securities Investment Limited”) . Third party deposit are not accepted.

Besides, clients should give their withdrawal instructions before the daily cut-off time (Trading day from Monday – Friday, on or before 11:00am) via their Sales and Customers Services Hotline at (852) 3958 4600.

Deposit method

Related broker

No Regulation
CENTRAL WEALTH SECURITIES INVESTMENT LIMITED
Company name:Central Wealth Securities Investment Limited
Score
1.61
Website:http://www.cwsi.com.hk/en/index
5-10 years | Suspicious Regulatory License | Suspicious biz area | Derivatives Trading License (AGN)
Score
1.61

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