Overview of FUJI
Established in Hong Kong in 2019, FUJI operates as a financial platform offering various trading assets, including Hong Kong stock trading, new stock subscription, and futures trading. Its advantages lie in a transparent fee structure, user-friendly interface, and comprehensive market information.
However, the unregulated status raises considerations about adherence to industry standards and potential limitations for non-Hong Kong residents. The platform's efficient mobile and online trading options, along with a variety of trading platforms, contribute to its appeal, but users should carefully assess the risks associated with the absence of regulatory oversight before engaging with FUJI.
Is FUJI legit or a scam？
FUJI operates without regulatory oversight. This lack of supervision means there are no prescribed standards or compliance measures in place. The absence of regulatory checks leads to potential risks such as unmonitored practices, absence of quality controls, and increased susceptibility to illicit activities.
Without regulatory scrutiny, the company's activities lack the safeguards typically imposed by regulatory bodies, exposing stakeholders to uncertainties and potential vulnerabilities.
Pros and Cons
Pros:
Transparent Fee Structure:
2. Wide Range of Trading Platforms and Asset Classes:
3. Efficient Mobile and Online Trading Options:
4. User-Friendly Interface:
5. Comprehensive Financial Calendar and Market Information:
6. Timely and Informative Market Announcements:
Cons:
Unregulated:
2. Notable Service Fees for Certain Transactions:
3. Limited Options for Deposit and Withdrawal Methods:
4. Not Suitable for Third-Party Deposits:
5. Potential Delays in Withdrawal Processing:
6. Limited Availability for Non-Hong Kong Residents:
Market Instruments
FUJI provides a comprehensive range of securities, stock and future market services, serving various needs in the financial landscape. These services include:
Hong Kong Stock Trading: Facilitating the trading of stocks on the Hong Kong stock market.
2. Hong Kong New Stock Subscription: Offering services related to the subscription of new stocks in the Hong Kong market.
3. Hong Kong Stock Black Market Price and Trading: Providing information and services related to black market prices and trading activities in the Hong Kong stock market.
4. Listed Bond Trading: Enabling users to engage in trading activities related to listed bonds.
5. Futures Trading: Covering a wide array of futures, including Hang Seng Index Futures and five other categories such as interest rates, stock price indices, foreign exchange, commodities, and environmental futures (primarily climate-related).
In addition to these services, FUJI extends its offerings to global markets through collaborations with leading exchanges. For instance, the Chicago Mercantile Exchange (CME), recognized as one of the world's premier exchanges, plays a pivotal role in the FUJI platform. The commodities segment includes a variety of products such as butter, milk, cheese, live cattle, pork, lumber, and more. The trading mechanisms on CME are akin to those on the Chicago Board of Trade (CBOT).
How to Open an Account？
Opening an Account with FUJI: Two Options
1. Mobile Online Account Opening- Applicability: Suitable for individuals with Mainland China identification.
- Procedure: Follow the steps outlined in the “Personal Mobile Account Opening Operation Guide.”
2. Witnessed Account Opening- Applicability: Suitable for individuals with Hong Kong Permanent Resident ID or passport.
Witnessed Account Opening Procedure:
1. Prepare Required Documents:
- Valid passport or Hong Kong Permanent Resident ID (original/copy).
- Hong Kong bank account held in the individual's name (original/copy).
- Proof of current residential address (e.g., utility or bank bills from the last three months).
- Additional documents as specified.
2. Fill Out Account Opening Forms:
- Complete the “Account Opening Form (Individual & Joint Account).”
3. Submit Forms:
- Personally visit our company with the required documents for on-site witnessed account opening procedures.
- Alternatively, contact our Customer Service Center via email (cs@fujihk.com) or phone (+852 2509 1041).
- For Hong Kong residents, we offer door-to-door account opening services upon appointment.
Commissions & Fees
FUJI implements a transparent and tiered fee structure for various services, ensuring flexibility and accessibility for users.
The Electronic Trading Platform incurs a fee rate of 0.15%, with a minimum charge of HKD 50. This fee is applicable to transactions conducted through the electronic platform, providing users with a cost-effective option for trading. Similarly, Phone Trading carries a fee rate of 0.25%, with a minimum charge of HKD 100, offering users the convenience of trading via phone with associated fees.
The Government Stamp Duty is levied at 0.13%, calculated as 1 if the transaction amount is less than 1. This duty contributes to government revenues and is an integral part of the overall transaction cost. Notably, the Transaction Levy is set at 0.00%, providing users with a fee exemption for this particular aspect of trading.
For transactions executed on the FUJI platform, a Trading Fee of 0.01% is applicable. Additionally, the Central Clearing Fee is structured at 0.01%, with a minimum charge of HKD 5 and a maximum cap of HKD 300. This fee contributes to the maintenance and operation of the central clearing system.
Custodian Fees are exempt for users holding less than 5,000 shares, offering a cost advantage for smaller investors. In the case of Hong Kong IPO Subscriptions, cash and margin subscriptions incur a flat fee of HKD 100 per application, while a 10% charge is applied to the subscription amount if using bank financing. The Bank Financing Rate is adjusted based on market conditions upon listing, ensuring dynamic alignment with financial realities. Additionally, the Margin Financing Rate is fixed at 7% per annum.
Brokerage Fees, Trading Fees, and Commissions collectively amount to 1.0077% and are charged upon successful allotment. This fee structure applies specifically to users who secure allotments in the trading process.
For Grey Market Trading, online transactions incur a fee rate of 0.08%, with a minimum charge of HKD 80. Phone Trading in the grey market is subject to a minimum charge of HKD 100 per transaction.
Other service charges include a Total Cash Dividend fee of 0.5%, of which 0.12% is collected by the Hong Kong Securities Clearing Company (HKSCC). Registration and Transfer Fees are set at HKD 2.5 per share, with HKD 1.5 collected by HKSCC. Handling Fees for Cash Dividends range from 0.5%, with a minimum of HKD 30, and a maximum of HKD 2,500. A Minimum Fee of HKD 35 is applicable across various service categories. Finally, the Mobile Service Fee is HKD 1.5 per share, with HKSCC collecting HKD 0.8, and carries a minimum charge of HKD 35.
Trading Platform
FUJI presents a wide array of trading platforms tailored for different devices and asset classes. This comprehensive suite includes the Futures Trading System, Android Mobile App, PC Software, and Stock Software. These platforms are specifically recognized for their extensive features, serving the various needs of users.
The Futures Trading System stands out for its incorporation of advanced charting tools, fostering an environment conducive to in-depth technical analysis. This feature enhances the analytical capabilities of users, allowing for a more nuanced approach to trading strategies.
The Android Mobile App addresses the dynamic nature of trading by offering users the flexibility to trade on the go. Beyond basic functionalities, the app is designed to meet the specific demands of mobile users, ensuring a seamless and efficient trading experience.
Emphasizing user-friendliness, the PC Software provides an interface that facilitates smooth navigation and execution of trades. This design feature enhances user experience, making the trading process more accessible and intuitive for individuals utilizing the PC platform.
Moreover, the Stock Software is acknowledged for furnishing users with valuable market insights. This is achieved through the incorporation of advanced order types and market data depth, empowering users with a more informed perspective for making trading decisions.
Deposit & Withdrawal
FUJI facilitates friendly payment methods and processes for its securities and stock customers. For bank deposits, clients can utilize the Bank of China (Hong Kong) Limited. The account details for Hong Kong Dollar transactions are provided, along with separate accounts for other currencies like USD and RMB. Clients must take note of the bank and branch numbers during the transfer process to ensure accuracy.
Upon depositing funds, clients are required to notify FUJI by submitting the transfer or deposit receipt. This can be done through the mobile trading terminal or the company's official website. Alternatively, clients can send a photo of the voucher to the customer service center email for confirmation.
Withdrawal of funds is initiated through the mobile trading terminal or the company's website. Clients can also submit a “Customer Fund Withdrawal and Transfer Notice” via email. Withdrawal requests received before noon on working days are processed the same day.
Customer Support
FUJI provides strong customer support with dedicated hotlines for trading inquiries. Clients can connect with the transaction hotline through +852 2164 4816 or +852 2559 1041, ensuring prompt assistance.
The responsive customer service team is equipped to address queries, fostering a reliable and efficient communication channel for users. With a commitment to client satisfaction, FUJI's customer support enhances the overall trading experience by providing timely and helpful assistance to meet the needs of its clientele.
Educational Resources
FUJI provides a wide range of educational resources to empower users with comprehensive market information. These resources include:
Futures Announcement: This section covers updates and announcements related to futures trading. Users can access timely information about changes, developments, or events impacting the futures market, helping them stay informed about potential market shifts.
2. Stock Announcement: FUJI offers a dedicated section for stock announcements, providing users with insights into company-specific updates, corporate actions, and relevant information that may influence stock prices. This resource aids users in making informed decisions based on the latest developments in the equities market.
3. Breaking News: Keeping users abreast of the latest developments, FUJI's breaking news section delivers real-time updates on significant events, market trends, and global economic news. This resource ensures that users have access to timely information that impacts their trading decisions.
4. Financial Calendar: The financial calendar is a valuable resource that presents a schedule of upcoming financial events, including earnings releases, economic indicators, and other significant financial milestones. Users can plan their trading activities by referring to this calendar, aligning their strategies with key market events.
5. FAQ (Frequently Asked Questions): To support users in navigating the platform and understanding various aspects of trading, FUJI provides a comprehensive FAQ section. This resource addresses common queries related to platform usage, trading procedures, and other relevant topics, offering users a self-help resource to enhance their trading experience.
Conclusion
In conclusion, FUJI, established in Hong Kong in 2019, presents a dynamic financial platform with notable advantages and drawbacks. On the positive side, FUJI boasts a transparent fee structure, various trading platforms available cross various devices, and a comprehensive range of trading assets, including Hong Kong stock and futures trading. The platform's user-friendly interface, efficient mobile, and online trading options, coupled with timely market announcements, enhance the overall trading experience for users.
However, the absence of regulatory oversight poses a significant disadvantage, potentially exposing stakeholders to uncertainties and vulnerabilities. This unregulated status may impact user protection and adherence to industry standards. Additionally, limitations for non-Hong Kong residents, notable service fees for specific transactions, and potential delays in withdrawal processing could affect the platform's accessibility and cost-effectiveness.
FAQs
Q: What trading assets does FUJI offer？
A: FUJI provides a widerange of trading assets, including Hong Kong stock trading, new stock subscription, and futures trading across various categories.
Q: Is FUJI regulated？
A: No, FUJI operates without regulatory oversight, raising considerations about industry standards and user protection.
Q: How can I open an account with FUJI？
A: You can open an account through mobile online account opening for Mainland China residents or witnessed account opening for individuals with Hong Kong Permanent Resident ID or passport.
Q: What is the fee structure on FUJI？
A: FUJI implements a transparent and tiered fee structure, including fees for electronic trading, phone trading, government stamp duty, and various other service charges.
2024-01-08 01:17
