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DA

Hong Kong|10-15 years|
Dealing in futures contracts|Suspicious Scope of Business|

https://www.directaccess.com.hk/en/

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C

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China 3.47

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Contact

+852 3919 9110
cs@directaccess.com.hk
https://www.directaccess.com.hk/en/
香港湾仔港湾道 6-8 号瑞安中心 32 楼 11-18 室

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DA · Company Summary

Key Information Details
Company Name DirectAccess
Years of Establishment 10-15 years
Headquarters Hong Kong
Regulation SFC
Tradable Assets Forex, Stocks, Options, Cryptocurrencies
Account Types $200
Leverage 1:500
Spreads As low as 0.2 pips
Commissions Stock Commissions per country, Futures Commissions
Deposit/Withdrawal Bank wire, credit card, electronic wallets
Trading Platforms Preprietary platform
Customer Support QQ, Phone, E-mail, WeChat

Overview of DA

DirectAccess is a regulated financial company established in Hong Kong for over a decade. They offer trading services in various financial instruments, such as forex pairs, stocks, futures, options, and cryptocurrencies. The company provides different account types, including Standard, Premium, and VIP, each with varying minimum deposits and leverage options via the proprietary trading platform.

For customer support, DirectAccess offers multiple channels such as QQ, phone, email, and WeChat. They also facilitate secure deposit and withdrawal methods, encompassing bank wire, credit card, and electronic wallets. Lastly, DA does have commission for trading with them, which changes per country and per market instrument.

basic-info

Regulation

The regulatory status of DirectAccess is authorized by the Securities and Futures Commission of Hong Kong for dealing in futures contracts. This license allows the company to operate as a brokerage offering futures trading services to its clients. The issuance of License No. AXH777 confirms the company's eligibility to facilitate futures contracts trading within the regulatory framework established by the Securities and Futures Commission.

regulation

Dealing in futures contracts refers to the practice of buying or selling futures contracts on behalf of clients. A futures contract is a standardized agreement to buy or sell a specified asset at a predetermined price on a specific date in the future.

Pros and Cons

DirectAccess is a regulated financial company based in Hong Kong, authorized by the Securities and Futures Commission for dealing in futures contracts. The company offers a diverse range of tradable assets for various trading preferences. Traders can choose from different account types with varying leverage options from a proprietary trading platform accessible through multiple devices ensures convenience. DirectAccess offers various customer support channels, including QQ, phone, email, and WeChat, ensuring accessible assistance for clients seeking help or clarifications.

The relatively high minimum deposit requirements for Premium and VIP accounts may restrict entry for traders with limited initial capital. Trading futures contracts with high leverage carry inherent risks, which may expose traders to significant losses if not managed carefully. Moreover, certain assets, such as stocks and cryptocurrencies, have limited leverage options, potentially limiting traders' strategies.

Pros Cons
Regulated High Minimum Deposit
Diverse Assets Risky Futures Trading
Account Flexibility Limited Leverage Options
Convenient Platform
Multiple Support Channels
leverage

Market Instruments

DirectAccess provides a range of market instruments, including forex, stocks, futures, options, and cryptocurrencies. Examples of the products available for each instrument are as displayed:

Market Instruments

Forex: DirectAccess offers a variety of forex pairs, including JPY/KRW, USD/KRW, and USD/CNH. Forex trading involves buying and selling currencies in the foreign exchange market, and DirectAccess provides leverage of up to 1:500 for forex trading.

Stocks: The company allows trading in various stocks. Trading stocks involves buying and selling shares of publicly listed companies. DirectAccess charges competitive commissions for stock trades in different markets like Hong Kong, the United States, Shanghai-Hong Kong Connect, Shenzhen-Hong Kong Connect, South Korea, and Singapore.

Futures: DirectAccess offers futures contracts trading, including Iron Ore Quarterly Contracts, LME Lead, and LME Zinc. Futures contracts involve agreements to buy or sell an asset at a predetermined price on a specified future date. The company provides leverage of up to 1:100 for trading futures.

Options: DirectAccess provides options trading, including K200 Index Bull/Bear options. Options are financial derivatives that give traders the right, but not the obligation, to buy or sell an asset at a predetermined price within a specific period. Options trading does not involve leverage.

Cryptocurrencies: DirectAccess allows trading in cryptocurrencies such as Bitcoin, Micro Mini Bitcoin, and Ethereum. Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of central banks.

The following is a table that compares DirectAccess to competing brokerages:

Broker Market Instruments
DirectAccess Forex, Stocks, Futures, Options, Cryptocurrencies
FXPro Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies
IC Markets Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies
FBS Forex, Stocks, Metals, Energies, Cryptocurrencies
Exness Forex, Stocks, Metals, Energies, Indices, Cryptocurrencies

Account Types

The account types offered by DirectAccess are Standard, Premium, and VIP. Specifics are as follows:

Standard Account: The Standard Account offered by DirectAccess requires a minimum deposit of $200. It provides traders access to a variety of market instruments, including forex pairs, stocks, futures, options, and cryptocurrencies. The leverage for forex trading in this account type goes up to 1:200. Spreads start from 1.0 pips, providing competitive pricing for traders.

Premium Account: For traders with a higher initial capital, the Premium Account requires a minimum deposit of $5,000. This account offers more significant leverage, going up to 1:500 for forex trading. Traders also benefit from tighter spreads, starting from 0.5 pips. Moreover, Premium Account holders receive dedicated support from an account manager, enhancing their trading experience.

VIP Account: The VIP Account caters to high-net-worth traders, requiring a minimum deposit of $50,000. This account type provides the highest leverage of up to 1:500 for forex trading, enabling substantial position amplification. VIP traders will have the lowest spreads, starting from 0.2 pips, ensuring cost-effective trading. Similar to the Premium Account, VIP Account holders receive personalized assistance from a dedicated account manager.

The specifics of the account types are as follows:

Account Minimum Deposit Leverage Spreads Additional Support
Standard $200 Up to 1:200 From 1.0 pips N/A
Premium $5,000 Up to 1:500 From 0.5 pips Dedicated account manager
VIP $50,000 Up to 1:500 From 0.2 pips Dedicated account manager

How to open an account?

  1. The user should navigate to the right side of the page to find a vertical navigation bar with a button that reads “Open an account” that will forward the user to the account creation page.

    1. open an account
  2. From this point, the user will be prompted with the required documentation for making an account. These documents include a valid ID or Passport, Proof of Address via bills, and an eligible overseas bank account.

    1. open an account
  3. It should be noted that there overseas bank accounts are limited to the countries of Australia, Austria, Belgium, Canada, Ireland, Israel, Italy, Malaysia, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the UK and the US.

  4. Lastly, the user needs to input a valid mobile number, input the verification code given from this number, and then submit it in order to continue to the calling or document submission process to get the account creation process started.

open an account

Minimum Deposit

DirectAccess offers different minimum deposit rates for its account types. The Standard Account requires a minimum deposit of $200, providing accessibility for traders with a relatively modest initial capital. For traders seeking enhanced benefits and features, the Premium Account demands a minimum deposit of $5,000, catering to those with a larger investment capacity. The VIP Account, designed for high-net-worth traders, has the highest minimum deposit requirement of $50,000, offering exclusive advantages and personalized support. Each account type's minimum deposit rate is structured to suit the needs and preferences of traders with varying levels of capital and trading goals.

Leverage

DirectAccess offers varying leverage options for different market instruments. For forex trading, the leverage can go as high as 1:500, allowing traders to amplify their positions. However, stocks have a lower leverage ratio of up to 1:20, while futures trading offers leverage of up to 1:100. Options, on the other hand, do not involve any leverage. Cryptocurrencies can be traded with leverage of up to 1:50. The company's leverage options are structured to provide traders with the flexibility to tailor their trading strategies based on their risk tolerance and trading preferences.

The following table compares the maximum leverage offered by DirectAccess with other brokerage firms:

Broker Forex Stocks Futures Cryptocurrencies
DirectAccess Up to 1:500 Up to 1:20 Up to 1:100 Up to 1:50
OctaFX Up to 1:500 Up to 1:10 Up to 1:500 Up to 1:5
FXCC Up to 1:300 Up to 1:10 Up to 1:200 Up to 1:5
Tickmill Up to 1:500 Up to 1:20 Up to 1:200 Up to 1:5
FxPro Up to 1:500 Up to 1:5 Up to 1:200 Up to 1:2

Spread

DirectAccess provides competitive spreads for its various market instruments. For the Standard Account, the spreads start from 1.0 pips. The Premium Account offers tighter spreads starting from 0.5 pips. The VIP Account has the lowest spreads, starting from 0.2 pips.

Stock Commissions

DirectAccess offers competitive stock commissions for various markets. In Hong Kong, internet-based stock trades are charged at 0.029% of the trade value, with a minimum charge of HK$10. For U.S. stocks, the commission is $0.0045 per share, with a minimum commission of $0.8. For trading stocks under the Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect programs, the commission is 0.029% of the transaction amount, with a minimum charge of RMB20. South Korean stocks have a commission rate of 0.25% of the transaction amount per trade, while Singaporean stocks are charged at 0.18% of the transaction amount.

Below is the table summarizing the stock commissions for different markets:

Market Stock Commission
Hong Kong (Internet) 0.029% of trade value, min HK$10
United States $0.0045 per share, min $0.8
Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect 0.029% of transaction amount, min RMB20
South Korea 0.25% of transaction amount (per trade)
Singapore 0.18% of transaction amount

Futures Commissions

DirectAccess offers competitive futures commissions based on the trading volume and settlement currency. The futures commission structure is as follows:

For trading futures contracts denominated in USD, the commission rates are as follows:

  • Level 1: For a total trading volume of 0-1000 contracts, the commission is 0.90 USD per contract.

  • Level 2: For a total trading volume of 1,001-5000 contracts, the commission is 0.70 USD per contract.

  • Level 3: For a total trading volume of 5,001-20,000 contracts, the commission is 0.50 USD per contract.

  • Level 4: For a total trading volume exceeding 20,000 contracts, the commission is 0.30 USD per contract.

For trading futures contracts denominated in HKD, EUR, GBP, AUD, JPY, TWD, CNH, SGD, or MYR, the commission rates vary accordingly for each level of trading volume.

Commissions

Futures contracts are derivative financial instruments that obligate the parties involved to buy or sell an asset at a predetermined price on a specified future date. The advantage of trading futures lies in their ability to hedge against price fluctuations and manage risks effectively. DirectAccess's competitive commission structure allows traders to access futures contracts in various currencies with transparent and affordable pricing, catering to a diverse range of trading needs.

Deposit & Withdrawal

DirectAccess has three methods of deposit & withdrawal, which include bank wire, credit card (for deposit only), and e-wallets.

Bank Wire: DirectAccess allows traders to deposit and withdraw funds using bank wire transfers, enabling secure and direct transactions between banks.

Credit Card: Traders can use credit cards to fund their accounts, offering a convenient and swift payment method for deposits.

Electronic Wallets: DirectAccess accepts electronic wallets as a deposit and withdrawal option, providing a digital and efficient way to manage funds securely.

Lastly, DirectAccess has a specific process for each that is described on the official website. These procedures are as follows:

Deposit Procedure:

  1. Prepare your Hong Kong or Overseas Bank Card.

  2. Check if your bank account has HK dollars or US dollars if you like to deposit in the securities account. If not, exchange the currency before proceeding to Step 3.

  3. Remit funds from your Hong Kong or Overseas Bank Account to DA International's Bank Account. For DA's bank account details, refer to the provided link: https://www.directaccess.com.hk/callcenter/helpshow.html?id=1080.

  4. Send the deposit record to DA after remitting the funds. The record should include your “Account Name,” “Fund Amount,” “Bank Name,” and “Date and Time of Remittance.”

Withdrawal Procedures:Method One: Access the app and navigate to Service > Deposit and Withdraw > Submit Application.

Method Two: Contact the dealing department by phone. Your fund withdrawal request will be processed after confirmation through voice recording. Contact No: +852-3919 9123.

Trading Platforms

DirectAccess offers a proprietary trading platform that provides real-time quotations and allows for lightning-fast order placements, with execution as quick as 0.001 seconds. The platform is accessible through various devices, including iOS, Android, Windows, and API interfaces, ensuring flexibility and convenience for traders.

Trading Platforms

Comparison Table of Trading Platforms:

Broker Trading Platforms
DirectAccess Proprietary Platform (iOS, Android, Windows, API)
FXTM MetaTrader 4, MetaTrader 5
Exness MetaTrader 4, MetaTrader 5, Exness Trader
Pepperstone MetaTrader 4, MetaTrader 5, cTrader
FP Markets MetaTrader 4, MetaTrader 5

Customer Support

DirectAccess offers various customer support channels, including QQ, phone, email, and WeChat, ensuring accessibility and multiple options for traders seeking assistance.Phone: DirectAccess provides a dedicated phone line, +852-3919 9110, allowing traders to directly contact the customer support team for assistance.

Email Traders can reach out to customer support by sending an email to cs@directaccess.com.hk, providing a written record of their queries.QQ: Traders can reach the customer support team via QQ, a popular app in China, at 400-639-1818.

WeChat: For users of WeChat, also a popular messaging app in China, DirectAccess offers customer support by adding the following QR code on the applications QR reader.

Customer Support

Conclusion

In conclusion, DirectAccess stands out as a regulated firm with a diverse range of market instruments available, including forex, stocks, futures, options, and cryptocurrencies. Traders can access the proprietary trading platform across various devices, providing real-time quotations and swift order placements. The company offers multiple account types, each with unique features such as varying leverage ratios and spreads.

Additionally, DirectAccess provides competitive commission rates for stock trading and leverages for forex trading. The firm offers multiple deposit and withdrawal methods. Customer support is available through various channels, ensuring accessible assistance to clients. Lastly, commissions are run no matter the country or market instrument.

FAQs

Q: What types of market instruments does DirectAccess offer for trading?

A: DirectAccess offers a diverse selection of market instruments, including forex pairs, stocks, futures, options, and cryptocurrencies.

Q: How can traders deposit funds into their DirectAccess accounts?

A: Traders can deposit funds via bank wire, credit card, and electronic wallets, providing flexibility in payment options.

Q: Is DirectAccess a regulated brokerage firm?

A: Yes, DirectAccess is regulated by the Securities and Futures Commission, ensuring compliance with industry standards.

Q: What are the leverage options available for forex trading?

A: DirectAccess provides leverage options of up to 1:500 for forex trading, allowing traders to amplify their positions.

Q: How can traders reach customer support for assistance?

A: Traders can reach customer support through multiple channels, including QQ, phone, email, and WeChat.

Q: Does DirectAccess offer a proprietary trading platform?

A: Yes, DirectAccess provides a proprietary trading platform accessible on iOS, Android, Windows, and API interfaces.

Broker Information

Company Name

直达国际金融服务有限公司

Company Abbreviation

DA

Regulatory Status

Regulated

Platform registered country and region

Hong Kong

Phone of the company
  • +852 3919 9110

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Company address
  • 香港湾仔港湾道 6-8 号瑞安中心 32 楼 11-18 室

Linkedin

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WhatsApp
QQ
  • 4006391818

WeChat

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Customer Service Email Address
  • cs@directaccess.com.hk

Company Summary

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