What is Evergrande Futures？
Evergrande Futures is a Hong Kong-based financial institution, specializing in numerous financial instruments. Their offerings include Global market trading involving securities, commodities, derivatives, currencies, fixed income and more. They also manage assets, facilitate futures trading, and offer institutional services such as corporate financing, acquisitions and mergers, equity and debt issuance, and corporate restructuring.
Additionally, they offer ESOP and Research Consulting. Ensuring adherence to regulatory standards, Evergrande Futures is regulated by the Securities and Futures Commission of Hong Kong (SFC) under license number AJD535, showcasing their commitment to compliance in providing their range of financial services.
In the following article, we plan to review and evaluate the characteristics of this financial organization from multiple angles, presenting data in a precise and organized manner. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief recap encapsulating the standout qualities of the financial company, enabling you to grasp its salient features quickly.
Pros & Cons
Pros:
SFC Regulation: Evergrande Futures is regulated by the Securities and Futures Commission of Hong Kong (SFC), ensuring that it adheres to certain standards and provides security for its clients' investments.
Wide Range of Services: Evergrande Futures offers a diverse range of financial instruments and services, meeting various needs of investors, such as global market trading, asset management, futures trading and more.
General Free Fee Structure: The institution boasts a mostly free fee structure, making it an economical choice for investors.
Cons:
Is UAXI FUTURES Safe or Scam？
When considering the safety of a financial company like Evergrande Futures or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a financial company:
User feedback: There are 3 reports about unable to withdraw on WikiFX, which in some extent questions the broker's reliability. This serves as a warning for anyone considering their services and urges utmost caution.
Security measures: As of now, there is no information available on the security measures implemented by Evergrande Futures on their website.
In the end, the choice to engage in trade with Evergrande Futures is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision.
Financial Instruments & Services
Evergrande Futures offers a wide range of products and services to meet the needs of a variety of investors including individuals, businesses, and institutions. These include:
Global market trading: Evergrande Futures offers a wide range of global investment products including stocks, commodities, derivatives, currencies, fixed income and alternative investments. The company provides a 24/7 trading desk, comprehensive customer support, market research information, and back-end execution services.
Asset management: Evergrande Futures' asset management business offers a variety of investment management services, including stock, bond, FOF fund management, discretionary accounts, investment consulting, cross-border investment (QDII, QFII, QFLP) etc. The company provides customized products and solutions for individual, corporate, and institutional clients.
Futures: As a member of the Hong Kong Exchanges and Clearing Limited (HKEX), Evergrande Futures also offers futures trading in foreign countries, including Japan, Europe, the United States, and Singapore. The company's futures products include foreign exchange, stock indices, stock futures/options, precious metals, and agricultural products.
Institutional services: Evergrande Futures provides a full range of institutional services, including corporate financing, mergers and acquisitions (M&A), equity and debt issuance, and corporate restructuring. The company's services help growth companies enhance their core competitiveness.
Employee stock ownership plan (ESOP): The company provides a comprehensive ESOP solution for businesses. ESOP is a plan that grants equity or shares to key employees, such as executives and employees, in order to align the interests of the company and employees.
Research and consulting: Evergrande Futures' research center deeply rooted the Hong Kong and mainland Chinese capital markets. The center conducts research on a wide range of topics, providing investors with high-quality research products and insights.
How to Open an Account？
Evergrande Futures offers a variety of ways to open an account, including:
Online transfer: Visit the Evergrande Futures website to download the required documents and complete the online application form through https://gisf-khxt.jizhixiaolv.com/khxt/#/step1.
In person: Visit an Evergrande Futures branch office in Hong Kong or mainland China.
Through a broker: Open an account through an Evergrande Futures broker.
By mail: Mail the required documents to Evergrande Futures.
Required documents for a personal account:
Completed and signed original account opening documents.
Copy of Hong Kong identity card for Hong Kong permanent residents or valid identity document/passport for non-Hong Kong permanent residents.
Proof of address for the past 3 months, such as a gas bill or bank statement (email address is not accepted)
(For mail-in applications) A crossed personal check issued by a licensed bank in Hong Kong with a minimum amount of HK$10,000, payable to “Evergrande Securities (Hong Kong) Limited”. The check must bear the same name as the name on the applicant's identity card/passport, and the signature on the check must be the same as the signature on the “Account Opening Signature”.
To open an account, you need to:
Step 1: Download and read the terms of the “Client Agreement”.
Step 2: Complete and sign the “Account Opening Signature (Personal/Joint)” and the relevant “Account Opening Documents”.
Step 3: Mail the required documents to Evergrande Futures.
Trading Platform
Hang Sang Pass, available on iOS, Android, and web, offers real-time trading for the US, China, and Hong Kong markets, inclusive of quotes and helpful analysis tools. Users can view stock capital flows, market dynamics, and local company databases. Features include industry classification, technical analysis, and easy investment activities.
The platform supports a variety of financial products, including Hong Kong stocks, US stocks, A-shares, Shenzhen and Shanghai Stock Connects. Users can monitor quotas, participate in margin trading, view top active stocks and daily turnover. It also offers a local section for Hong Kong quotes, and a capital flow feature depicting daily and historical trends.
Deposit & Withdrawal
Evergrande allows customers todeposit funds through bank transfer, wire transfer, and inter-bank transfers, using a variety of methods such as bank counter, ATM, online banking, and phone banking.
Once a deposit is made, customers must submit a deposit notice and upload the receipt via the app. Funds deposited before 4:30 PM on a business day are updated to the account on the same day, otherwise, they are updated on the next business day.
Customers must notify Evergrande either through the app or via email before 11:00 AM for same-day processing. The company will then arrange to deposit the funds into the customer's registered bank account. However, it should be noted that processing times may vary according to the bank's schedule. As for Minsheng Bank, customers can bind their fund accounts to Minsheng's online banking platform to manually submit bank-security transfer instructions.
Fees
Evergrande's fee structure is generally free of charge, regardless of the number of hands purchased.
For interests, subscriptions of five hands and below are exempt, while those above five hands are subject to a 2.8% interest rate.
Its fee exemptions include deposits, custody, trading, storage fees, and handling fees for collecting dividends.
Dark Pool trading commission stands at 0.05% with a minimum of $50.
User Exposure on WikiFX
On WikiFX, three significant reports regarding unable to withdraw raises serious concerns and serves as a cautionary signal to traders. We strongly recommend that traders carry out a comprehensive review of all relevant details before making a decision. Our platform is designed to serve as a crucial resource in your trading journey. If you should ever encounter any fraudulent brokers or have personally experienced such malpractices, we strongly urge you to report it in our “Exposure” section. Your contributions are invaluable in helping us achieve our mission, and our expert team will make every effort to respond to your concerns promptly.
Customer Service
Evergrande Futures offers support through: an office address for visits, direct phone communication, an informative FAQ section, email for comprehensive queries, and a website contact form.
Address: Room 2004-06, 20/F, YF Life Centre, 38 Gloucester Road, Wan Chai, Hong Kong.
Email: cs@gisf.hk
Customer Service Department: +852 3550 6888 (Hong Kong); +86 400 120 3830 (Chinese mainland).
Trading Department : +852 3550 6962.
Technical Support : +852 3550 6921.
Conclusion
Evergrande Futures, located in Hong Kong, offers a broad spectrum of services such as global market trading across various asset classes, asset management, futures trading, institutional services that include corporate finance and restructuring, ESOP and research consulting. This firm is regulated by the Securities and Futures Commission (SFC).
However, as with any investment activity, we strongly advise you to remain cautious, conduct detailed research, and get the latest information directly from Evergrande Futures before moving forward with any investment strategies.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2024-01-19 18:32
2023-12-28 13:50
