General Information
Eastmoney, namely Eastmoney International Securities, is a regulated and authorized corporation in Hong Kong, indeed, Hafoo Securities, a wholly-owned holding company of Eastmoney International Securities (a company listed on the Shenzhen Stock Exchange, stock code: 300059) with the registered office at Room 3203, 32/F, Phase 1, Ocean Fortune Centre, 18 Harcourt Road, Admiralty, Hong Kong, which is regulated by the Securities and Futures Commission (SFC) under license of BJP084 with the trademark of Hafoo Futures Limited Hafoo Futures Limited. In addition, it establishes a platform where clients could carry on the Hong Kong stocks and A-share transactions.
Market Instruments
Hafoo Securities offers complete assortment classes across the global financial markets including Hong Kong stocks, US stocks as well as A-share and other valuable market information.
Accounts & Leverage
Hafoo Securities offers an online account, which could trade stocks, funds, ETFs, warrants, as well as CBBCs, and the leverage for the Hong Kong stock is capped at 1:50.
Commissions & Lot
Each assets charge various commission, foe instance, Hong Kong stocks charge HKD 5 per transaction, and US stocks charge the minimum commission of $0.99 per transaction, besides, Shanghai and Shenzhen stocks charge RMB 5 for commission. In addition, the minimum unit for buying and selling Hong Kong stocks is 1 lot, however, the amount of shares contained in each lot is based on the corporation, for instance, HSBC is 400 shares per lot, PetroChina shares is 2000 shares per lot, and clients could choose via order page. Besides, different from the minimum trading unit of Hong Kong stocks, the minimum trading unit of US stocks is 1 share.
Trading Platform
After taking a look at the official website, we found Eastmoney does not offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading terminal options, instead, it offers Hafoo Securities APP for free download to PC desktop devices or Mobile, or clients could trade via Eastmoney official website.
Deposit & Withdrawal
Payments methods include Bank Card and bank securities transfers. For the Withdrawal, if clients withdraw funds to a Hong Kong bank card, it is for free, and other bank cards outside Hong Kong take a small charge in light of the bank, besides, there is no fee for the bank-securities transfer during deposit and withdraw.
Trading Hours
Clients who are trading Hong Kong Stock are allowed to trade from 9:00 am to 4:00 pm on the weekdays, except Hong Kong public holidays. For the US Stock, it set the limit to the trading times in America at 9:30-16:00( eastern time ), and Beijing/Hong Kong time in summer at 21:30-4:00, as well as Beijing/Hong Kong time in winter at 22:30-5:00.
Customer Support
If in any doubts as to transactions, please call at +0085221112681 within a reasonable time.
Risk Warning
Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisors.
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