Shacom

Overview of Shacom

Shacom, established in 2004 and headquartered in Hong Kong, is a company involved in futures trading, particularly on the Hong Kong Futures Exchange Limited. The company 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 AAJ283. While regulatory compliance is essential for investor protection, Shacom's overall standing within the industry is marked by a lack of distinctiveness.

Shacom's product portfolio primarily revolves around futures contracts linked to various indices, such as Hang Seng Index Futures, Mini-Hang Seng Index Futures, and Hang Seng China Enterprises Index Futures. The inclusion of options trading, including Hang Seng Index Options and Weekly Hang Seng Index Options, attempts to cater to diverse investor preferences. However, the absence of innovative or exclusive offerings contributes to Shacom's position as a rather conventional player in the futures trading landscape.

The company's approach to fees appears to align with industry standards, with negotiable commission rates and fees varying based on the specific type of futures contract. Shacom's deposit and withdrawal methods encompass traditional channels like bank transfers and cheques, reflecting a lack of innovation or adaptation to modern financial technologies.

Is Shacom Legit？

Shacom Futures Limited is regulated by the Securities and Futures Commission of Hong Kong. The company holds a license for dealing in futures contracts, and its current status is marked as regulated. The specific license number provided is AAJ283.

Regulation by the Securities and Futures Commission of Hong Kong underscores Shacom's adherence to regulatory standards and guidelines in its operations within the financial markets. This regulatory oversight aims to ensure the protection of investors and the integrity of the futures trading activities conducted by Shacom Futures Limited.

Pros and Cons

Shacom, as a futures trading service provider, presents a mix of advantages and drawbacks. The company adheres to regulatory standards set by the Securities and Futures Commission of Hong Kong, providing a sense of security for investors. However, its overall offerings lack innovation or a competitive edge, making it a rather conventional choice in the futures trading sphere. The product range, while covering major indices and options, doesn't introduce unique or cutting-edge instruments. On the positive side, Shacom maintains accessibility with no minimum deposit requirement, welcoming a broad range of investors. Yet, the absence of advanced trading features or technological integration may be a limitation for those seeking a more modern and dynamic trading experience. In summary, Shacom offers a straightforward and regulated platform but falls short in delivering distinctive features or staying at the forefront of industry trends.

Products and Services

Shacom, as a futures trading service provider on the Hong Kong Futures Exchange Limited, delivers a diverse range of financial instruments tied to prominent indices. Among the offerings are Hang Seng Index Futures, providing exposure to the widely followed Hang Seng Index. This product involves a contract multiplier of HK$50 per index point and offers both short and long-dated futures contracts.

Additionally, Shacom extends its services to Mini-Hang Seng Index Futures, tailored for investors seeking a more accessible entry point. With a contract multiplier of HK$10 per index point, this product allows trading in spot months and the next calendar month.

For those interested in mainland China's enterprises, Hang Seng China Enterprises Index Futures are available. These futures, linked to the Hang Seng China Enterprises Index (HSCEI), offer exposure to Chinese enterprises listed in Hong Kong. The contract structure includes short and long-dated options.

Shacom further caters to specific market needs with options trading, covering Hang Seng Index Options, Mini-Hang Seng Index Options, Hang Seng China Enterprises Index Options, and Mini-Hang Seng China Enterprises Index Options. These options contracts provide flexibility for investors to manage risk and speculate on market movements.

Notably, Shacom offers Weekly Hang Seng Index Options and Weekly Hang Seng China Enterprises Index Options, adding a unique dimension to its product suite. These options are designed for shorter-term trading strategies and expire weekly.

In response to the growing importance of technology-focused companies, Shacom introduces Hang Seng TECH Index Futures and Hang Seng TECH Index Options. These instruments, linked to the Hang Seng TECH Index, offer exposure to the technology sector.

Beyond the product offerings, Shacom distinguishes itself through various trading channels. Clients can engage through counter trading at the company's offices, manned phone-in trading with experienced futures traders, and an automated electronic trading channel. The latter provides a user-friendly platform with real-time quotes, facilitating convenient online order placement.

How to Open an Account？

To start trading futures with Shacom Futures Limited, individuals and corporations must meet specific criteria. Individual clients need to provide their Hong Kong ID card or passport, along with proof of residential address from the last three months. Corporate clients must submit incorporation certificates, business registration documents, and other legal papers.

An essential requirement is having a current or savings account in HK Dollars with Shanghai Commercial Bank, matching the futures trading account's name. This designated account ensures smooth money settlements.

Account opening requires a visit to Shacom Futures Limited in person. Appointments can be scheduled by calling the Customer Service Hotline at (852) 2290 3860 or emailing contact@shacomfutures.com.hk with personal information.

Shacom Futures Limited operates on weekdays from 9:00 am to 5:00 pm, excluding weekends and public holidays. This structured process ensures a secure onboarding experience for futures traders.

Fees

Shacom Futures Limited applies transaction costs to various futures contracts, encompassing Exchange Fees, SFC Levies, and Commission. These costs differ based on the specific type of futures contract. Let's delve into the fees for selected contracts:

For Hang Seng Index Futures, investors face an Exchange Fee of HK$10.00 per contract, per side, along with an SFC Levy of HK$0.54 per contract, per side. The Commission for these contracts is negotiable.

Mini-Hang Seng Index Futures entail an Exchange Fee of HK$3.50 per contract, per side, and an SFC Levy of HK$0.10 per contract, per side. The Commission is also negotiable.

Moving on to Hang Seng China Enterprises Index Futures, the associated Exchange Fee is HK$3.50 per contract, per side, coupled with an SFC Levy of HK$0.54 per contract, per side. Similar to other contracts, the Commission is negotiable.

For Mini-Hang Seng China Enterprises Index Futures, the Exchange Fee amounts to HK$2.00 per contract, per side, with an SFC Levy of HK$0.10 per contract, per side. The Commission is subject to negotiation.

Hang Seng Index Options come with an Exchange Fee of HK$10.00 per contract, per side, and an SFC Levy of HK$0.54 per contract, per side. The Commission for these options is negotiable.

Mini-Hang Seng Index Options involve an Exchange Fee of HK$2.00 per contract, per side, and an SFC Levy of HK$0.10 per contract, per side. As with other options, the Commission is negotiable.

Hang Seng China Enterprises Index Options incur an Exchange Fee of HK$3.50 per contract, per side, accompanied by an SFC Levy of HK$0.54 per contract, per side. The Commission is negotiable.

For Mini-Hang Seng China Enterprises Index Options, investors face an Exchange Fee of HK$1.00 per contract, per side, along with an SFC Levy of HK$0.54 per contract, per side. The Commission is open to negotiation.

Weekly Hang Seng Index Options are associated with an Exchange Fee of HK$10.00 per contract, per side, and an SFC Levy of HK$0.54 per contract, per side. Commission for these weekly options is negotiable.

Finally, Weekly Hang Seng China Enterprises Index Options involve an Exchange Fee of HK$3.50 per contract, per side, along with an SFC Levy of HK$0.54 per contract, per side. Commission is negotiable for these weekly options.

Deposit & Withdraw Methods

Shacom Futures Limited offers several convenient methods for fund deposit. Firstly, clients can opt for a Bank Transfer or Cheque deposit, with the payee's name specified as Shacom Futures Limited and the Shanghai Commercial Bank account number provided as 328-82-33668-8. It's important to note that funds deposited via cheque will only be available after the cheque has been cleared, a process that may take up to two days.

Secondly, an ATM Transfer option is available, allowing clients to transfer funds to Shacom Futures Limited through Jetco ATMs, using the designated account number 328-82-33668-8.

Thirdly, clients can utilize Internet or Phone Banking Transfer. Pre-registering the account of Shacom Futures Limited for fund transfers from the client's designated account through Internet or Phone banking is necessary. It is advised to be aware of the varying charges and settlement durations for fund transfers via Internet or Phone banking among different banks. Clients can seek clarification by contacting the Customer Service Hotline at (852) 2290 3860.

Following fund transfer, clients are required to provide confirmation by faxing the deposit slip (with the name of the depositor and amount), a screen capture of Internet banking with relevant information, or a copy of the cheque to (852) 2537 5448 or via email as an attachment to contact@shacomfutures.com.hk.

For fund withdrawals, clients need to inform Shacom Futures Limited by either calling (852) 2207 2708 or visiting the office in person to complete the fund withdrawal request form. Typically, fund withdrawal requests take one to two working days to process. Instructions received before 12 noon on each working day (prior to the cut-off time) will be processed on the same day. It's important for clients to follow the specified procedures to ensure smooth and timely fund transactions.

Customer Support

Shacom Futures Limited provides dedicated customer support services to assist clients with their inquiries and transactions. The customer service operating hours are from Monday to Friday, starting at 9:00 am and concluding at 5:00 pm. The company observes closure on every Saturday, Sunday, and public holiday.

Clients can reach out to the Customer Service Hotline at (852) 2290 3860 for general inquiries and assistance. Additionally, for matters related to fund deposit and withdrawal, there is a hotline available at (852) 2207 2708. Clients who prefer to communicate via fax can use the Fund Deposit/Withdrawal Facsimile at (852) 2537 5448.

For written communication and general inquiries, clients can utilize the official email address contact@shacomfutures.com.hk. This avenue is suitable for addressing various concerns, seeking information, or submitting necessary documentation.

The company's physical address is Room 303, Houston Centre, 63 Mody Road, Tsimshatsui East, Kowloon, Hong Kong. This location serves as the company's office and is available for clients who prefer face-to-face interactions or need to visit the office for specific services.

Shacom Futures Limited is committed to providing accessible and responsive customer support, ensuring that clients have multiple channels through which they can obtain assistance and information related to their trading accounts and transactions.

Educational Resources

Shacom Futures Limited offers a range of educational resources designed to empower clients with market insights and information. The company provides access to comprehensive market data and news through various tools and features.

Clients can stay informed about the latest market developments with the Stock Quote feature, allowing them to retrieve real-time stock prices. The Chart tool enables users to visually analyze price trends and patterns, facilitating a better understanding of market movements.

For in-depth market coverage, the Mkt News section provides relevant and timely news updates, ensuring clients are aware of factors influencing financial markets. The Indices feature allows clients to track the performance of various indices, providing a broader perspective on market trends.

The Top 20 tool highlights the leading performers in the market, offering insights into stocks that are currently gaining traction. Additionally, the Comparison feature enables clients to compare different financial instruments, aiding in decision-making.

Shacom Futures Limited also recognizes the importance of fundamental information. The Company Info section offers detailed insights into individual companies, helping clients make informed investment decisions. The Warrant Info tool provides information on investment instruments, contributing to a well-rounded understanding of available opportunities.

To assist clients in planning their trading activities, the Mkt Calendar feature provides important dates and events that may impact the market. The IP O Info section offers insights into initial public offerings, helping clients stay updated on new investment opportunities.

Conclusion

Shacom, as a futures trading service provider, offers a regulated and accessible platform for investors. The company's commitment to regulatory compliance, as overseen by the Securities and Futures Commission of Hong Kong, provides a level of assurance for traders. The absence of a minimum deposit requirement enhances accessibility, making it inclusive for a wide range of investors. However, Shacom falls short in terms of innovation, lacking distinctive features and advanced trading options. The product portfolio is relatively conventional, and the platform lacks cutting-edge technological integration, which may limit its appeal to traders seeking a more dynamic and modern experience.

FAQs

Q: What regulatory authority oversees Shacom？

A: Shacom is regulated by the Securities and Futures Commission of Hong Kong, ensuring compliance with industry standards.

Q: Is there a minimum deposit requirement to open an account with Shacom？

A: No, Shacom does not impose a minimum deposit requirement, providing accessibility for a diverse range of investors.

Q: What products are offered by Shacom for futures trading？

A: Shacom provides futures trading services for major indices and options, including Hang Seng Index Futures and Hang Seng Index Options.

Q: How can funds be deposited into a Shacom trading account？

A: Funds can be deposited through bank transfer, cheque deposit, ATM transfer, or internet/phone banking transfer, with specific instructions provided by Shacom.

Q: What are the operating hours of Shacom's customer service？

A: Shacom's customer service operates from 9:00 am to 5:00 pm on weekdays, with closure on Saturdays, Sundays, and public holidays.