摘要: Yicko Securities, based in Hong Kong for over 10-15 years, offers a range of trading assets including equities, warrants, stock indices, commodities, and forex. Regulated by the Securities & Futures Commission of Hong Kong, it assures a secure trading environment. Advantages include a wide portfolio of investment products and a comprehensive trading platform with essential tools for effective operations. However, the brokerage fees are relatively high, charging 0.25% of the transaction amount with a minimum charge of $80 for securities trading. Additionally, the account opening process is complex, requiring detailed documentation, potentially causing delays for prospective traders.
Aspect | Information |
Company Name | Yicko Securities |
Registered Country/Area | Hong Kong |
Founded Year | 10-15 years |
Regulation | Regulated by the Securities & Futures Commission of Hong Kong (SFC) |
Market Instruments | Equities, Warrants, Stock Indices, Commodities, Forex |
Account Types | Individual & Corporate |
Minimum Deposit | N/A |
Maximum Leverage | N/A |
Commissions & Fees | 0.25% of the transaction amount with a minimum charge of $80 for securities trading |
Trading Platforms | Securities Web-Based Trading System, Securities Profession Trading System |
Customer Support | Customer Service: +(852) 2946 1300Fax: +(852) 2544 4361Email at info@yicko.com |
Deposit & Withdrawal | In-person cheque presentation, Bank deposits |
Yicko Securities, based in Hong Kong for over 10-15 years, offers a range of trading assets including equities, warrants, stock indices, commodities, and forex.
Regulated by the Securities & Futures Commission of Hong Kong, it assures a secure trading environment. Advantages include a wide portfolio of investment products and a comprehensive trading platform with essential tools for effective operations.
However, the brokerage fees are relatively high, charging 0.25% of the transaction amount with a minimum charge of $80 for securities trading. Additionally, the account opening process is complex, requiring detailed documentation, potentially causing delays for prospective traders.
Yicko Securities operates under the regulation of the Securities and Futures Commission of Hong Kong, holding a license for dealing in futures contracts with the license number AXS019.
As a regulated entity, Yicko Securities adheres to the strict guidelines and oversight of the Hong Kong regulatory authority. This regulatory status instills confidence among traders on the platform, assuring them of a secure and compliant trading environment.
Pros | Cons |
Regulated by SFC | Educational resources primarily in Chinese |
A range of investment products including equities, warrants, stock indices, commodities, and forex | Relatively high brokerage fees and minimum charges for securities trading |
Provides a comprehensive trading platform with essential tools and functionalities for effective trading operations | Complex account opening process |
Customer support available via phone, fax, and email |
Pros:
Regulated by SFC: Yicko Securities operates under the regulation of the Securities & Futures Commission of Hong Kong (SFC), ensuring compliance with stringent guidelines and oversight.
Various Investment Products: Yicko Securities offers a wide array of investment products, including equities, warrants, stock indices, commodities, and forex.
Comprehensive Trading Platform: Yicko Securities provides a robust trading platform equipped with essential tools and functionalities for executing trades effectively. The platform's features enable users to analyze market trends, place orders, and manage their portfolios efficiently, enhancing the overall trading experience.
Responsive Customer Support: Yicko Securities offers customer support via multiple channels, including phone, fax, and email, ensuring prompt assistance for inquiries and issues.
Cons:
Limited Educational Resources: Yicko Securities primarily offers educational resources in Chinese, potentially excluding non-Chinese-speaking investors from accessing valuable learning materials.
High Brokerage Fees and Minimum Charges: Yicko Securities imposes relatively high brokerage fees, charging 0.25% of the transaction amount with a minimum charge of $80 for securities trading. Additionally, minimum charges of $40 apply for dealing room charges.
Complex Account Opening Process: Yicko Securities requires a detailed and multi-step account opening process for both individual and corporate customers, involving the submission of various documents and compliance with specific requirements.
Yicko Securities offers a range of investment products for trading. Here's a breakdown of their main categories:
Equities: Yicko Securities provides access to stocks listed on the Hong Kong Stock Exchange (HKEX), including popular companies like CK Hutchison Holdings (00001), HSBC Holdings (00005), and Hang Seng Bank (00011).
Warrants: These are derivative instruments that grant the right, but not the obligation, to buy or sell an underlying asset (usually a stock) at a specific price by a certain date. Yicko Securities offers a selection of warrants based on various underlying assets.
Stock Indices: Investors can trade contracts based on the performance of major Hong Kong stock market indices, such as the Hang Seng Index (HSI) and the Hang Seng China Enterprises Index (HSCEI).
Commodities: Yicko Securities facilitates trading in some commodities, including crude oil futures.
Foreign Exchange (Forex): Yicko Securities likely allows trading in major currency pairs.
Opening an account with Yicko Securities involves the following concrete steps:
For Individual Customers:
Complete the Account Opening Information Form provided by Yicko Securities accurately.
Sign the form in the presence of Yicko Securities staff.
Gather certified true copies of the following documents:
ID or Passport copy of all account holder(s), authorized person(s), and ultimate beneficial owner(s).
Proof of mailing address for the past two months (P.O. Box not accepted).
Copy of Bank Reference (e.g., Bank Statement or Bankbook).
For Corporate Customers:
Collect ID or Passport copies of all directors and authorized person(s).
Obtain extracts of Board Minutes and Resolution approving the opening of the account.
Provide Certificate of Incorporation and Business Registration Certificate.
Furnish Memorandum & Articles of Association or equivalent constitutional document.
Submit Bank reference (e.g., Bank Statement or Bankbook).
Provide latest Audited Financial Statements.
Present latest Annual Return & Notification of Changes of Secretary & Directors.
Provide Register of Directors, Register of Members & Minutes of the First Director's Meeting (applicable for offshore company).
Offer Personal Guarantee provided by any one of the directors as approved by Yicko Securities.
Submit copy of Proof of address of director providing the guarantee.
Yicko Securities imposes a fee structure for securities trading transactions which includes brokerage fees, dealing room charges, internet, and mobile charges.
For securities trading, the brokerage fee amounts to 0.25% of the transaction amount, with a minimum charge of $80, while dealing room charges stand at 0.15% of the transaction amount, with a minimum charge of $40.
Stamp duty, collected for the HKSAR Government, is levied at 0.13% of the transaction amount, rounded up to the nearest dollar, while a transaction levy, collected for the Securities & Futures Commission of Hong Kong, is set at 0.0027% of the transaction amount.
Additionally, there's an HKEx trading fee of 0.005% of the transaction amount, along with a clearing fee of 0.02% of the transaction amount, with a minimum charge of HK$10.
A transaction levy, collected for the Financial Reporting Council, is applied at 0.00015% of the transaction amount. Safe custody service is provided by Yicko Securities, with fees waived.
Yicko Securities offers a trading platform that includes a Securities Web-Based Trading System and a Securities Profession Trading System. The system provides users with a unified interface for various trading activities. Key features include:
Trading Operations: The platform supports various types of trading operations, including normal limit orders, auction orders, stop-loss orders, Fill and Kill (FAK) orders, and Fill or Kill (FOK) orders.
Portfolio and Cash Balance Information: Users can access real-time information regarding their portfolio holdings and cash balance.
Comprehensive Trading Records: The platform maintains comprehensive records of quotes and orders, allowing users to track their trading activities effectively. This includes information on quotes, transaction statuses, transaction details, and historical order records.
Yicko Securities' trading platform provide users with essential tools and functionalities for conducting securities trading activities. The system's interface and features facilitate efficient trading operations and enable users to monitor their portfolio effectively.
Yicko Securities offers customers several payment methods for depositing funds into their accounts:
In-Person Cheque Presentation: Customers can make payments by presenting cheques directly to Yicko Securities' office in person.
Bank Deposits: Payments can also be made by depositing cheques, cashier orders, or cash directly into Yicko Securities' bank account. If payment is made by cheque, customers are required to write their name and account number on the back of the cheque and fax the pay-in slip to 2544-4361, marked for the attention of Yicko's settlement department for deposit confirmation before 3:30 p.m.
Yicko Securities accepts payments through the following bank accounts:
CHIYU / BANK OF CHINA: Account number 039 730 0 016006 7
HSBC & E-Banking: Account number 808 322 150 838
Margin: Account number 039 730 0 018600 9
Stock Options: Account number 012 875 0 029642 3
For payment withdrawals, customers have the following options:
In-Person Collection: Customers can visit Yicko Securities' office in person to collect their cheque.
Bank Account Deposit: Customers can instruct Yicko Securities' settlement department to deposit payments into their designated bank accounts.
For all inquiries, please contact Yicko Securities at the following numbers:
Customer Service or Settlement Instruction: +(852) 2946 1300
Stock Trading Instruction: +(852) 2946 1328
Stock Option Trading: +(852) 2946 1321
Technical Support: +(852) 2946 1300
Fax: +(852) 2544 4361
You can also reach out via email at info@yicko.com. For personalized assistance, please contact your personal client broker.
Yicko Securities provides educational resources primarily in Chinese, focusing on research reports and news.
While accommodating Chinese-speaking investors, the lack of various educational content may limit its appeal to a broader audience. Compared to popular brokers offering extensive educational materials in multiple languages, Yicko Securities' resources may seem less competitive in terms of accessibility and variety.
Investors seeking comprehensive educational support, especially those not fluent in Chinese, may find other brokers more suitable for their learning needs.
In conclusion, Yicko Securities offers a wide range of trading assets and a secure trading environment regulated by the Securities & Futures Commission of Hong Kong (SFC).
While the company provides a comprehensive trading platform and responsive customer support, it faces drawbacks such as relatively high brokerage fees and a complex account opening process. However, these limitations are offset by the opportunity for investors to access various investment products and receive prompt assistance when needed.
Overall, Yicko Securities presents a viable option for traders seeking a reputable brokerage with a broad spectrum of trading instruments.
Question: What types of investment products does Yicko Securities offer?
Answer: Yicko Securities offers equities, warrants, stock indices, commodities, and forex trading options.
Question: How can I open an account with Yicko Securities?
Answer: To open an account, you need to complete the Account Opening Information Form accurately and provide necessary documents, such as ID, proof of address, and bank reference.
Question: What are the trading platforms available at Yicko Securities?
Answer: Yicko Securities offers a Securities Web-Based Trading System and a Securities Profession Trading System for executing trades efficiently.
Question: What is the regulatory status of Yicko Securities?
Answer: Yicko Securities is regulated by the Securities & Futures Commission of Hong Kong, ensuring a secure trading environment.
Question: How can I contact customer support at Yicko Securities?
Answer: You can reach customer support via phone, fax, or email for assistance with inquiries or issues related to trading.