Overview of Yuanta

Yuanta Securities (Hong Kong) Company Limited (YSHK) is a financial powerhouse in Asia, operating as a wholly-owned subsidiary of Yuanta Financial Holdings Co. Ltd. Registered with the Securities and Futures Commission in Hong Kong, YSHK offers an array of regulated financial activities. As of 2016, Yuantas robust distribution network included 155 securities branches and 152 banking branches staffed by approximately 13,000 professionals.

These experts deliver a comprehensive suite of financial services to Yuanta's diverse client base. The firm's market presence is considerable; in 2016, it controlled 11% of the securities brokerage market and nearly 20% of the securities margin financing market.

Is Yuanta Legit or a Scam？

Given its longstanding history and comprehensive regulation, Yuanta Securities (Hong Kong) Company Limited appears to be a legitimate and reputable financial services provider. The company is registered with the Securities and Futures Commission and is a Participant of the Hong Kong Exchanges and Clearing Limited, further cementing its credibility. In a market where legitimacy is crucial for client trust, YSHKs regulatory affiliations make it a reliable option for retail and institutional investors alike.

Pros and Cons

Pros:

• Diverse Product Offering: Yuanta offers a wide range of financial services beyond just securities trading, including banking, insurance, and asset management.

• Regulated Entity: Being a licensed corporation, Yuanta operates under strict regulatory oversight, ensuring a high level of trust and security.

• Strong Market Presence: With a significant share in both the securities and financing markets, Yuanta is a dominant player in the industry.

Cons:

• Fee Structure: Depending on the products you engage with, the fees can be on the higher side.

• Complexity: With such a wide range of services and instruments, the platform might be overwhelming for beginner traders.

Market Instruments

Yuanta provides a broad spectrum of market instruments tailored to meet the diverse needs of its retail and institutional clients. Retail clients have access to a multitude of stock options spanning from Hong Kong (HK), Shanghai (SH), Shenzhen (SZ), Taiwan, the United States, and more. They can also engage in trading futures and options. For institutional clients, YSHK acts as an advisory, providing multiple avenues for investment. This makes Yuanta a one-stop-shop for multiple financial instruments, giving clients the ability to diversify their portfolios extensively.

Account Types

Yuanta Securities (Hong Kong) Company Limited, also known as YSHK, requires specific documents for opening both individual and corporate accounts.

For individual accounts, Hong Kong Permanent Residents must provide a certified true copy of their HKID card, while non-permanent residents or non-residents must provide a certified true copy of their valid ID card or passport. All individual account holders also must provide proof of their residential address issued within the last 3 months.

As for corporate accounts, companies need to provide documents including a certified true copy of their Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors, Latest Register of Shareholders, and others.

How to Open an Account？

To open an account with Yuanta Securities (Hong Kong) Company Limited or YSHK, individuals and corporations have to provide respective documents.

Individual account applicants who are Hong Kong Permanent Residents must submit a certified true copy of their HKID card, while Non-Permanent Residents or Non-Residents need to provide a certified true copy of their valid ID Card or passport. All individual applicants need proof of residential address issued within the last 3 months. If these addresses are different from one another, proof for each address is required.

For corporate accounts, various documents are needed including copies of Certificate of Incorporation, Business Registration Certificate, Memorandum & Articles of Association, latest audited account or financial statements, Latest Register of Directors and of Shareholders, and more. Documents proving the identity and residential address of all substantial shareholders, ultimate beneficial owners, and authorized individuals are also required.

For companies incorporated overseas, a certified true copy of a certificate of incumbency is needed, and if the company has complex ownership structures, specific documents tracing the chain of ownership to the ultimate beneficial owners are also necessary.

Leverage

While the specifics regarding leverage can vary based on the market instrument and type of account, Yuanta typically offers leverage to enhance trading capabilities. However, it's crucial to understand that while leverage can amplify profits, it also increases the risk of losses. Yuanta, being a regulated entity, likely offers leverage within the constraints of financial regulations to ensure responsible trading. Always consult with the brokerage or a financial advisor to understand the implications of using leverage in your trading activities.

Spreads & Commissions

Yuanta has a transparent fee structure, which is crucial for traders calculating their potential costs and profits. For instance, for trading in Hong Kong stocks, the commission is set at 0.25% of the traded volume, with a minimum charge of 100 HKD, plus some additional fees. This clear fee structure allows both retail and institutional investors to make informed decisions about trading costs. Before committing, it's wise to compare these fees with other market offerings to determine their competitiveness.

Trading Platform

YSHK provides multiple trading platforms to suit various customer preferences and trading styles. These include eWinner for Windows and PC users, eWinner Plus for iOS and Android devices, and YSHK SP Trader also available across PC, iOS, and Android. These platforms are designed to provide real-time analytics, a wide range of trading tools, and a user-friendly interface. This array of options makes it easy for traders to manage their investments efficiently, whether they are in the office or on the go.

Deposit & Withdrawal

Depositing and withdrawing funds from your YSHK account is a straightforward process. Clients have the flexibility to fund their accounts through local banks, checks, and overseas transfers. This makes it convenient for both local and international clients to manage their funds. The multi-channel deposit and withdrawal options aim to provide a seamless customer experience, reinforcing YSHKs commitment to client satisfaction.

Customer Support

Customer support is a critical aspect of any financial service, and Yuanta Securities (Hong Kong) Company Limited appears to prioritize this. For English-speaking clients, Yuanta offers a dedicated contact number: +852 3555 7878. This hotline is likely staffed by skilled customer service representatives proficient in English, ready to address a wide array of customer concerns and queries.

In addition to the hotline, Yuanta also provides email support for more detailed or document-intensive inquiries. Clients can reach out to HK.Services.brk@yuanta.com for assistance. The availability of email support adds a layer of convenience, as customers can send in their questions or issues without the immediacy or time constraints of a phone call.

Brokers Comparison

Educational Resources

Yuanta Securities (Hong Kong) Company Limited, commonly referred to as YSHK, provides extensive educational resources as part of its Research & Commentary. These resources impart valuable insights in the industry, featuring a wide range of comprehensive market analysis, in-depth reports, and informative commentary from their expert research team. The materials are designed to assist clients in making well-informed investment decisions, provides traders and investors with key market trends, and keeps them updated about important developments in the financial landscape.

Conclusion

Yuanta Securities (Hong Kong) Company Limited is a well-regulated, diverse, and established financial service provider in Asia. With a broad range of market instruments, transparent fee structures, and versatile trading platforms, it caters to both retail and institutional clients effectively. However, always remember to carry out your due diligence and consult a financial advisor before making investment decisions.

FAQs

Q: What types of trading instruments does Yuanta offer？

A: Yuanta provides a diverse range of trading instruments, including HK stocks, SH Stocks, SZ stocks, Taiwan stocks, US stocks, China B stocks, Overseas stocks, Futures, and Options.

Q: Is Yuanta regulated by any financial authorities？

A: Yes, Yuanta Securities (Hong Kong) Company Limited is regulated by the Securities and Futures Commission of Hong Kong, ensuring a high level of compliance and security for traders.

Q: What platforms are available for trading with Yuanta？

A: Yuanta offers multiple trading platforms, including eWinner, eWinner Plus, and YSHK SP Trader, catering to traders on both desktop and mobile devices.

Q: How can I deposit or withdraw funds from my Yuanta account？

A: Yuanta offers multiple methods for deposit and withdrawal, including transactions through local banks, checks, and overseas transfers, providing flexibility for both local and international traders.

Q: What is the commission structure for trading Hong Kong stocks with Yuanta？

A: The commission for trading HK stocks is 0.25% of the traded volume with a minimum charge of 100 HKD, along with some additional fees.

Q: What types of accounts does Yuanta offer？

A: Yuanta provides both retail and institutional accounts, allowing for a broad spectrum of trading needs and investment strategies to be accommodated.

General Information & Regulation

MONEY SQUARE, INC. was established in October 2002 as a company mainly engaged in over-the-counter foreign exchange trading. The company is authorized and regulated by the Financial Services Agency of Japan (FSA) under License No. 5010401112058. Also, MONEY SQUARE is authorized and regulated by the Securities Dealers Association of Japan under Financial Instrument Operator No. 2797 of Kanto Finance Bureau Director (Financial Instruments).

Market Instruments

Users can trade 15 currency pairs, generally 1,000 currency units at a time, except for 10,000 units for South Oran/JPY and Mexican Peso/JPY.

Spreads

MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.

Margin & Leverage

If placing an order, individual users must guarantee at least 4% margin (25:1 leverage) on the value of each currency pair traded. However, corporate users have a slightly different margin rate, which is 0.96% for USD/JPY for example.

Open an account

MONEY SQUARE only supports online account opening, if a client needs to apply for both Forex and CFD accounts, then he/she needs to apply separately. In addition, MONEY SQUARE does not charge any account opening fees and account maintenance fees.

Trading Platform

MONEY SQUARE provides clients with access to the world financial markets through Tralipi®, a trading platform developed by the trader itself, which supports both PC and cell phones.

Deposit & Withdrawal

Users can make deposits via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits/withdrawals.

Trading Hours

MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.

Pros & Cons

Frequently Asked Questions

Does MONEY SQUARE offer leverage？

MONEY SQUARE provides leverage capped at 1:25.

What deposit and withdrawal payment does MONEY SQUARE accept ？

MONEY SQUARE support payment through quick deposit and transfer payments.

Does MONEY SQUARE offer demo accounts ？

No clear information about this part is disclosed.

Does MONEY SQUARE charge a commission？

No, MONEY SQUARE does not charge commissions, only spreads calculated.

What is trading hour set by MONEY SQUARE ？

MONEY SQUARE offers forex trading hours based on the US market, including daylight saving time - Monday: 7:20am to 5:50am the next day; Tuesday to Friday: 6:20am to 5:50am the next day; winter time - Monday: 7:20am to 6:50am the next day; Tuesday to Friday: 7:20am to 6:50am the next day.