What is Founder？
Founder Securities (Hong Kong) Financial Holdings Limited, commonly known as Founder Hong Kong Financial Holdings, is a financial services company that operates in the realms of securities business and asset management. It launched its business in 2015.
In the upcoming article, we will thoroughly evaluate the broker from various angles and offer you a clear and succinct overview. If you're interested, please keep reading. By the end of the article, we will provide a concise summary to give you a quick understanding of the broker's attributes.
Pros & Cons
Pros:
- Founder Securities offers multiple trading platforms and mobile apps for the convenience of its users.
- Founder offers phone and email to make their traders easier to contact them to learn more about trading information.This can be beneficial for addressing any queries or concerns that may arise during the trading process.
Cons:
- However, it is important to note that Founder Securities is not regulated, which can pose potential risks for investors.
- It should be noted that Founder Securities does not offer demo accounts. Demo accounts are useful for users to practice trading strategies and familiarize themselves with the platform without risking real money.
- Additionally, there have been reports of scams associated with Founder Securities. These reports highlight the potential risks and drawbacks of trading with this particular broker.
Is Founder Safe or Scam？
Currently, Founder Securities lacks proper regulation, indicating a lack of government or financial authority supervision over their operations. This absence of oversight introduces a higher level of risk when investing with them. Therefore, if you are contemplating investing with Founder Securities, it is crucial to conduct comprehensive research and carefully evaluate the potential risks and rewards before making any decisions. It is generally advised to opt for brokers that are well-regulated to ensure the safety of your funds.
Business Scopes
Founder operates within the realms of securities business and asset management.
In terms of securities business, the company offers a range of financial instruments including stocks, bonds, and structured products. These offerings allow clients to invest in different types of securities and diversify their investment portfolios.
As for asset management, Founder provides various services. This includes fund management, where the company manages and oversees investment funds such as mutual funds, exchange-traded funds (ETFs), and other investment vehicles. In addition, Founder engages in special asset management, which involves the management of complex or non-traditional assets, such as distressed assets or real estate-backed investments.
Founder also partakes in private equity fund management, focusing on investments in privately-held companies with growth potential. This involves identifying investment opportunities, conducting due diligence, and managing the investment portfolio of private equity funds.
Furthermore, Founder offers investment advisory services, providing guidance and recommendations to clients regarding their investment strategies and decisions. Through these various business scopes, Founder aims to cater to the diverse needs of its clients in the fields of securities trading and asset management.
Trading Platforms
Founder Securities offers various stock trading software for users to trade and manage their investments. The trading platform includes the following options:
- Founder Web Transaction: This is a web-based trading platform accessible through a web browser. It provides users with real-time market data, advanced charting tools, customizable watchlists, and an intuitive interface for executing trades.
- Founder Transaction Security Code APP: This is a mobile application available for download on the Apple App Store and Android Google Play. It allows users to trade stocks on the go, providing access to real-time market quotes, order placement, account management, and market news.
- Founder Global Trading Treasure: This is a trading platform specifically designed for China users. It offers comprehensive features such as real-time quotes, advanced charting, stock analysis tools, and news updates. The Android version can be directly downloaded, while the PC version requires downloading and installation.
- Founder Global Trader: This is another mobile trading app available on the Apple App Store and Android Google Play. It provides users with a user-friendly interface for tracking market trends, placing orders, managing portfolios, and accessing market news and research reports.
Fees & Commissions
Founder charges different commissions and fees in various ways. Here are the parts of commission and fees charged by Founder. Traders can visit the website and download the file to learn about the specific fees and commissions.
Commission for Manual Trading: Minimum fee of HK$75 or 0.25% (whichever is higher).
Commission for Electronic Trading: Minimum fee of HK$75 or 0.20% (whichever is higher).
Transaction Levy (Collected by the Securities and Futures Commission): Minimum fee of 0.0027%.
Transaction Fee (Collected by the Stock Exchange): It is calculated as 0.00565% of the transaction value (rounded to the nearest cent).
Central Clearing and Settlement System (CCASS) Share Delivery Fee: 0.002% with a minimum charge of HK$2 and maximum charge of HK$100.
Stamp Duty (Collected by the Hong Kong SAR Government): 0.13% with a minimum charge of HK$1.
Italian Financial Transaction Tax (Applicable to shares issued by resident Italian companies): 0.1% based on the number of shares bought multiplied by the weighted average purchase price on the transaction day.
Financial Reporting Authority Fee: 0.00015% of the transaction amount (rounded to the nearest cent).
Deposits & Withdrawals
Deposit:
The deposit process with Founder Securities (Hong Kong) requires customers to provide their bank account details, including the account holder name and account number, to confirm that the deposit is made into their own bank account. For cheque deposits, a photocopy of the cheque is also required.
To submit a deposit notification, customers can do so through the Founder Securities app or indicate the Founder Securities account number on the deposit receipt. Alternatively, they can complete the deposit form and email it to cs@hkfoundersc.com or fax it to 3798-1500.
Fund Withdrawals:
For fund withdrawals from the Founder Securities (Hong Kong) account, customers need to send withdrawal instructions to Founder Securities accordingly. There is a withdrawal form that needs to be completed, and it should be submitted before 11:30 a.m., Monday to Friday (except public holidays). Withdrawal instructions received after 11:30 a.m. will be processed on the next trading day.
The withdrawal form requires information such as the payee's name, payee account number, withdrawal amount, receiving bank name, beneficiary bank account number, and bank branch address (for remittance, if applicable). The beneficiary's name must match the account name with Founder Securities (Hong Kong), and all beneficiary bank accounts must be in the customer's own name. Deposits into third-party accounts will not be accepted based on customer instructions.
User Exposure on WikiFX
Please have a look at our website for a detailed scam report. We strongly advise traders to thoroughly examine the provided information and take into account the risks involved when trading on an unregulated platform. Before engaging in any trading activities, it is recommended to consult our platform for relevant information. If you come across any fraudulent brokers or have personally experienced such misconduct, kindly report it in the Exposure section. Your cooperation is highly appreciated, and our team of experts will make every effort to address and resolve the issue.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone: （852）3798 3333
Fax: （852）3798 3300
Email: info@hkfoundersc.com
Founder offers online messaging. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
In conclusion, Founder Securities (Hong Kong) is a financial services company operating in the realms of securities business and asset management. However, it is important to note that the current information available indicates that Founder does not currently have valid regulation. This means that there is no government or financial authority overseeing their operations, which may introduce a level of risk when considering investing with them. It is recommended to exercise caution and thoroughly research the company before making any investment decisions.
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.
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