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Quam Securities

Hong Kong|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.quamsec.com/

Website

Rating Index

Contact

+852 2971-5486
QSeccs@quamgroup.com
https://www.quamsec.com/
香港干诺道中111号永安中心5楼

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No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Quam Securities · WikiFX Survey

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Quam Securities · Company Summary

Aspect Information
Company Name Quam Securities
Registered Country/Area Hong Kong
Founded Year 1986
Regulation Unregulatory
Minimum Deposit No minimum deposit required
Trading Platforms QPlus/QPlus+, SP Trader and Financial Plus
Products and Services Equity, Futures & Options and Other Investment Tools
Account Types Individual and corporate accounts
Demo Account Unavailable
Customer Support Email and phone
Deposit & Withdrawal Bank transfer
Educational Resources FAQs and education center

Overview of Quam Securities

Established in 1986 and based in Hong Kong, Quam Development Securities is a mid-cap broker-dealer catering to individual and institutional clients. It offers a diverse suite of investment products and services, including equities, futures, options, bonds, and more, across multiple global markets.

Quam Securities' extensive experience, diverse product offerings, and access to various markets make it an attractive option for investors seeking exposure to global opportunities. However, limited educational resources could be deterrents for some traders.

Overview of Quam Securities

Regulatory Status

Quam Securitiescurrently does not hold any valid regulatory certificates. Although it is incorporated in Hong Kong, it lacks regulation from any recognized financial authority. It is crucial to understand that engaging with an unregulated broker involves significant risks, as there is no supervisory entity to enforce ethical practices and safeguard client assets.

Regulatory Status

Pros and Cons

Quamsec boasts a considerable legacy in the financial sector, having been established in 1986. This experience translates to a wide array of investment products and services catering to diverse investor needs, spanning equities, futures, options, and bonds. Additionally, Quamsec provides access to multiple global markets, including key financial hubs like Hong Kong, Mainland China, and the United States. Investors can conveniently trade using various platforms, including a mobile app, and can rely on multiple customer support options for assistance.

However, Quamsec does have certain drawbacks. Notably, it lacks regulation by an internationally recognized financial authority, poses potential questions about investor protection and oversight. Furthermore, Quamsec offers limited educational resources, which may pose a challenge for less experienced investors seeking guidance and information to make informed investment decisions.

Pros Cons
Diverse range of trading opportunities Lack of valid regulatory certificates
Extensive experience in the financial industry Limited educational resources
Various trading platforms Demo account unavailable
Multiple Customer Support Options

Products and Services

Quam Securities offers a diverse array of market instruments:

Products and Services
  • Equity Services: Provides comprehensive equity trading services in Hong Kong, Mainland China, and the United States markets, including H-shares, red-chip stocks, blue-chip stocks, and access to major exchanges like NYSE, AMEX, and NASDAQ.

Equity Services
  • Futures & Options Services: Offers a robust platform for trading futures and options, covering various products like agricultural commodities, metals, currencies, interest rates, indices, and energy products.

Futures & Options Services
  • Other Investment Tools: Provides access to bonds, corporate finance, mutual funds, discretionary accounts/asset management, structured products, and high-frequency & algo trading.

Other Investment Tools

Account Types

Quam Securities offers cash or margin securities trading accounts, stock options trading accounts, and futures and options trading accounts for both individual and corporate clients. However, detailed information about the specific features and conditions of each account type is not available on the website.

Account Types

Account Opening Process

Opening an account with Quam Securities is a straightforward process that can be completed in a few simple steps:

  1. Account Opening Appointment: Schedule an appointment during office hours (Mon-Fri, 9 am-6 pm

at their office).

Account Opening Process
  1. Visit and Bring Documents: Visit their office with your ID card/passport and proof of residential address (latest 3 months).

  2. Receive Confirmation: Receive a confirmation letter via email or mail on the next business day.

Account Opening Process

Trading Fees

Quam Securities charges various fees for different services, including:

Equity Service Fees and Charges

Quam Securities Company Limited (QuamSec) offers a detailed fee structure for equity services, which includes trading fees and additional service charges.

  • For Hong Kong stocks, the fees consist of a Stock Stamp Duty at 0.1% of the transaction amount, a Transfer Deed Stamp Duty of HKD 5.00 per deed, a Trading Fee of 0.00565%, and various levies such as a Transaction Levy at 0.0027% and a Financial Reporting Council Levy at 0.00015%. Additionally, there is a Stock Settlement Fee at 0.008% of the transaction amount, capped between HKD 3.00 and HKD 300.00.

  • For Shanghai and Shenzhen A shares, QuamSec charges a Handling Fee of 0.00341%, a Securities Regulatory Fee of 0.002%, a Transfer Fee of 0.003%, and a Sellers Stamp Duty of 0.05% on the transaction amount. ETFs on SSE/SZSE incur a Handling Fee of 0.004%.

Equity Service Fees and Charges

Futures and Options Service Fees and Charges

  • For Hong Kong Index Futures, such as Hang Seng Index Futures, the fees include an Exchange Fee of HKD 10.00 per contract, an SFC Levy of HKD 0.54 per contract, and a Clearing Fee of HKD 10.00 per contract. Mini Hang Seng Index Futures have lower fees, with an Exchange Fee of HKD 3.50 per contract, an SFC Levy of HKD 0.10, and a Clearing Fee of HKD 3.50. Similarly, H-shares Index Futures and Mini H-shares Index Futures have scaled fees based on contract size.

  • For Hong Kong Index Options, the charges mirror those of the futures contracts. For instance, Hang Seng Index Options incur an Exchange Fee of HKD 10.00 per contract, an SFC Levy of HKD 0.54, and a Clearing Fee of HKD 10.00. Mini Hang Seng Index Options are charged at HKD 2.00 for the Exchange Fee, HKD 0.10 for the SFC Levy, and HKD 2.00 for the Clearing Fee. H-shares Index Options follow a similar pattern with corresponding fees.

Futures and Options Service Fees and Charges

Trading Platforms

Quam Securities offers three trading platforms:

  1. QPlus/QPlus+: Mobile trading app for easy stock trading and market monitoring.

Trading Platforms
  1. SP Trader: Internet trading platform for cash and derivatives markets, including stocks, futures, and options.

Trading Platforms
  1. Financial Plus: Provides product & market info, price alerts, and bond info.

Trading Platforms

Deposit and Withdrawal

Quam Securities supports deposits via bank transfers and with no minimum initial deposit required. Processing time for deposits is typically 1-2 business days. Withdrawals are also processed through bank transfers with similar processing times. They do not charge deposit fees, but your bank might.

Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

Customer Support Options

Quam Securities offers customer support through:

  • Phone: (852) 2971-5486

  • Email: QSeccs@quamgroup.com

Customer Support Options

Educational Resources

Quam Securities provides limited educational resources:

  • FAQs: Answers to frequently asked questions.

Educational Resources
  • Education Center: Offers basic knowledge about trading futures and options.

Education Center

Conclusion

Quam Securities, with its extensive experience and diverse product offerings, could be a viable option for investors seeking exposure to global markets. However, limited educational resources and the absence of international regulation warrant prudence. Potential clients should carefully review the terms and conditions and contact BOSSA.PL directly for any clarifications before opening an account.

FAQs

Q: Is Quam Securities regulated by any international financial authority?

A: Quam Securities is not listed as regulated by any internationally recognized financial authorities. As a Hong Kong-based broker, it's crucial to verify its regulatory status with local authorities.

Q: What are the minimum deposit requirements for Quam Securities?

A: The minimum deposit requirements are not specified on their website. Contact Quam Securities directly for more information.

Q: What types of trading accounts does Quam Securities offer?

A: Quam Securities offers cash or margin securities trading accounts, stock options trading accounts, and futures and options trading accounts for individual and corporate clients.

Broker Information

Company Name

Quam Securities Limited

Abbreviation

Quam Securities

Regulatory Status

No Regulation

Platform registered country and region

Hong Kong

Company website
Phone of the company
  • +852 2971-5486

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Company address
  • 香港干诺道中111号永安中心5楼

Linkedin

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QQ

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Customer Service Email Address
  • QSeccs@quamgroup.com

Company Summary

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