What is Huajin？
Huajin Financial (International) Holdings Limited, also known as Huajin International, is a financial services company that was founded in June 2013. Huajin International offers a range of products and services, including brokerage services and investment banking services. Huajin International is regulated by SFC.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros:
- Huajin International is regulated by The Securities and Futures Commission (SFC), which ensures that the company follows financial regulations and provides credibility and security for its clients.
- Huajin International offers multiple trading platforms and mobile apps including ET Trader Online Platform, TradeGo Online Trading Platform, the SP Professional Trading System, making it more convenient for clients to access the market from anywhere at any time.
- Huajin International offers multiple account types to cater to different client needs, ranging from individual to corporate accounts.
- Huajin International provides multi-channel support for clients to contact, including phone, email, and fax, making it more accessible for clients to seek help and support.
Cons:
- Huajin International has no social media presence, which will limit its ability to connect with potential clients and engage with existing ones on popular social media platforms.
- Huajin International has complex fee and commission items, which could be difficult for clients to fully understand the costs involved in using their services.
- Huajin International has received report of scams, which could cause concern among potential clients about the reliability and safety of the platform.
Is Huajin Safe or Scam？
Huajin is regulated by the Securities and Futures Commission (SFC) (License Type: Dealing in futures contracts License No. BFJ369). SFCis an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets.
Nevertheless, traders must recognize that any investment carries some level of risk, and it is critical for them to conduct their own research and carefully examine their alternatives prior to making any investment decisions.
Services & Products
Huajin offers a range of trading instruments and services across different asset classes.
- Securities Trading Services: Huajin provides trading services for various securities, including Hong Kong stocks, Shenzhen Connect, Shanghai Connect, exchange-traded funds (ETFs), and bonds. These services allow clients to buy and sell a diverse range of securities.
- Derivatives Trading Services: Huajin offers trading services for derivatives such as index options, index futures, commodity futures, and currency futures. These services enable clients to trade on the price movements of underlying assets.
- Equity and Debt Financing Solutions: Huajin provides equity and debt financing solutions for both onshore and offshore companies. This includes services such as Hong Kong listing sponsorship, share offer underwriting, and corporate financial advisory. These services help companies raise capital through various financial instruments.
- Compliance Advisory Services: Huajin offers compliance advisory services to assist companies in ensuring regulatory compliance in their financial activities.
Account Types
Huajin offers Individual accounts and Joint and Corporate accounts. Each account type serves different needs and comes with various features.
Securities Cash Account:
This type of account allows traders to buy and sell securities using their own funds. Transactions are settled in cash, and traders are not allowed to trade on margin or engage in futures trading.
Securities Margin Account:
This account type allows traders to buy securities using borrowed funds, also known as margin. Traders can leverage their investments and potentially amplify their gains, but they also expose themselves to higher risks. Margin accounts require traders to maintain a minimum margin requirement and are subject to margin calls.
Futures Account:
This account type enables traders to participate in futures trading. Futures contracts are agreements to buy or sell assets at a predetermined price and date in the future. Traders need specialized knowledge and experience to engage in futures trading.
To learn more detailed information about the steps and features of each account type, traders can visit the Huajin website at http://www.hjfi.hk/EN/ij_account.php.
Trading Platforms
Huajin offers its clients a range of online trading platforms for both securities and futures trading. These platforms provide secure, stable, and reliable systems for clients to engage in online trading activities.
For securities trading, Huajin offers ET Trader Online Platform and TradeGo Online Trading Platform. They are internet trading platforms, as well as mobile trading versions available on iPhone and Android devices. These platforms provide real-time quotes and updated financial information, allowing clients to access their investment accounts and take advantage of investment opportunities in both local and global markets. Huajin's professional technical team is available to provide assistance to clients at any time for their online trading needs.
For futures trading, Huajin the SP Professional Trading System for futures trading. This system allows clients to access futures trading services and provides a user manual to guide them through the trading process. The system is designed to be stable and reliable, ensuring an optimal trading experience for clients. Similar to the securities trading platforms, Huajin's technical team is available to provide support and assistance to clients for their online futures trading activities.
Fees
Huajin charges fees and commissions for various items including transactions in the HK Securities Market, HK Futures and Options, as well as the fees and levies associated with the Shanghai and Shenzhen Connect. They also have fees and levies for trading in the US Securities Market, and provide a real-time quotation service.
For transactions in the HK Securities Market, Huajin charges a commission fee of 0.25% of the transaction amount, with a minimum charge of HK$100 per transaction. Additionally, there is a stamp duty of 0.1% of the transaction amount, rounded up to the nearest dollar. There is also an SFC Transaction Levy of 0.0027% of the transaction amount.
In the case of HK Futures and Options, Huajin levies an HKEX Trading Fee of 0.00565% of the transaction amount. They also charge a CCASS Fee of 0.005% of the transaction amount, with a minimum charge of HK$5 and a maximum charge of HK$200. Additionally, there is an FRC Transaction Levy of 0.00015% of the transaction amount.
Traders interested in these details are advised to visit the Huajin website to obtain the specific information regarding fees and commissions.
Deposits & Withdrawals
Huajin accepts deposits and withdrawals through various methods:
Notes:
Withdrawals received after 12:00 noon (business day) will be processed on the next business day.
Service fees apply for Telegraphic Transfer and CHATS (in HK) withdrawals.
Third-party and cash withdrawals are not accepted.
Bank transfer deposits will take several business days to clear.
User Exposure on WikiFX
Please visit our website to access a report on scams. It is highly advised for traders to thoroughly examine the provided information and carefully consider the risks involved when trading on an unregulated platform. Prior to initiating any trades, it is recommended to review our platform for relevant information. If you come across any fraudulent brokers or have fallen victim to such activities, kindly inform us through the Exposure section. We greatly appreciate your cooperation, and our team of experts will make every effort to resolve the issue for you.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Monday to Friday (09:00am to 06:00pm) Saturday, Sunday Public Holidays (Closed)
Telephone: (852) 31 033 000
Email: csdept@hjfi.com.hk
Fax: (852) 31 033 033
Address: Suite 1101, 11/F, Champion Tower, 3 Garden Road, Central, H.K.
Conclusion
Huajin is a financial services company known for offering a range of products and services to investors. They provide access to trading platforms. In terms of regulation, Huajin claims to be regulated by reputable authorities. However, it is crucial to note that there have been reports and complaints regarding scam activities associated with the company. This raises concerns about its safety and trustworthiness as a financial service provider.
To ensure the safety of your investments, it is advisable to exercise caution and conduct thorough research before engaging with Huajin or any similar company.
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.
2023-12-20 18:45
