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.

Overview of MRG

MRG, also known as PT. MRG Mega Berjangka, is a financial brokerage firm based in Indonesia. However, there are suspicions regarding the legitimacy and regulatory status of this company. While MRG claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) and the Jakarta Futures Exchange (JFX), these claims are suspected to be clones and the broker lacks valid regulation.

The company offers trading services through the MT4/5 White Label platform, providing access to various financial instruments such as Forex, gold, US indices, and crude oil. However, it is important to exercise caution when dealing with MRG due to the potential risks associated with its lack of valid regulation and suspicious claims.

Overall, potential investors should carefully consider the available information and exercise due diligence before engaging in any trading activities with MRG. It is advisable to seek alternative brokers with clearer regulatory statuses and a more transparent operating environment.

Pros and Cons

Equinox offers a range of pros and cons for traders to consider. On the positive side, it boasts low minimum deposit requirements, making it accessible to a wider range of individuals. Traders can also benefit from varying leverage ratios, allowing them to adjust their risk exposure. Equinox provides access to global markets, enabling traders to explore opportunities across different regions. Additionally, it offers the popular MT4 trading platform known for its user-friendly interface and advanced features. However, it's important to note the potential cons, such as the inherent risk involved in trading and the possibility of market volatility leading to losses. The available market instruments may be limited, and market conditions can impact liquidity. Traders should also be mindful of regulatory and geopolitical risks. Equinox provides multiple account options to cater to different trading preferences. Overall, traders should carefully assess these pros and cons to determine if Equinox aligns with their individual trading needs and risk tolerance.

Is MRG Legit？

Based on the information provided, PT. MRG MEGA BERJANGKA (formerly PT. ASKAP FUTURES) claims to be regulated by the Indonesian regulatory agency Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) under license number 05/BAPPEBTI/SI/XII/2000. However, it is stated that this claim is suspected to be a clone and the broker currently has no valid regulation.

Additionally, PT. MRG MEGA BERJANGKA claims to be regulated by the Jakarta Futures Exchange (JFX) under license number SPAB-001/BBJ/09/00, but this claim is also suspected to be a clone.

Therefore, based on the information provided, it is advised to be cautious and aware of the potential risks associated with dealing with PT. MRG MEGA BERJANGKA as it lacks valid regulation and has been flagged as suspicious.

Market Instruments

MRG offers a range of market instruments for investors to engage in trading activities.

Forex:

MRG offers Forex trading, allowing investors to trade currency pairs in the foreign exchange market. Forex trading involves speculating on the exchange rate fluctuations between different currencies. Traders can take advantage of the volatility in currency prices to potentially generate profits.

Emas (Gold):

MRG enables investors to trade gold, which is a popular commodity and a store of value. Gold trading allows investors to speculate on the price movements of gold, taking advantage of its status as a safe-haven asset and potential hedge against inflation.

US Index:

MRG provides trading opportunities in US indices, such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite. Trading US indices allows investors to gain exposure to the overall performance of the US stock market, providing potential opportunities for profit based on the index movements.

Crude Oil:

MRG allows investors to trade crude oil, which is a globally traded commodity and a key energy resource. Crude oil trading involves speculating on the price movements of oil, which can be influenced by factors such as supply and demand dynamics, geopolitical events, and economic indicators.

Pros and Cons

Account Types

MRG offers three different account types: GOLD, SILVER, and PLATINUM. Each account type has its own set of specifications and features.

GOLD Account:

The GOLD account offered by MRG has a spread starting from 2.3 pips. For forex and gold trading, there is a commission of $30 per lot, while for index and crude oil trading, the commission is $20 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 10 lots. There is no limit on the maximum number of open lots. The leverage available is 1:100. The minimum stop and limit order distance is 15 points. Trading style is specified as “No Arbitrage.” The minimum deposit required for a GOLD account is $500.

SILVER Account:

The SILVER account has a spread starting from 0.8 pips. The commission for all trades is $8 per lot. The minimum lot size is 0.1 lot, and the maximum lot size is 3 lots. The maximum number of open lots allowed is 5. The leverage offered is 1:200. The minimum stop and limit order distance is 1 point. Similar to the GOLD account, the trading style is specified as “No Arbitrage.” The minimum deposit required for a SILVER account is $300.

PLATINUM Account:

The PLATINUM account features a spread starting from 2.3 pips. For forex and gold trading, the commission is $30 per lot, and for index and crude oil trading, it is $20 per lot. The minimum lot size for this account type is 1 lot, and the maximum lot size is 50 lots. There is no restriction on the maximum number of open lots. The leverage offered is 1:100, and the minimum stop and limit order distance is 15 points. The trading style is specified as “No Arbitrage.” The minimum deposit required for a PLATINUM account is $5000.

How to Open an Account？

To open an account with MRG, follow these steps:

1. Visit the MRG website and click on the “Register” menu.

1. Fill in the required information accurately in the provided fields.

2. Select the type of account you wish to open.

1. Enter the captcha correctly and ensure that you have read and agreed to the Terms & Conditions.

1. Double-check that all the registration data you have provided is correct.

2. Click on the “Submit” button to complete the account opening process.

Leverage

MRG offers leverage options of 1:100 for the GOLD and PLATINUM accounts, while the SILVER account provides a higher leverage option of 1:200. Leverage allows traders to amplify their trading positions with a smaller amount of capital. It is important to note that while leverage can potentially increase profits, it also magnifies potential losses, making risk management a crucial aspect of trading with leverage. Traders should carefully consider their risk tolerance and use leverage responsibly.

Spreads & Commissions

MRG offers different account types with varying spreads and commissions. The GOLD account has a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. The SILVER account features a spread starting from 0.8 pips and a fixed commission of $8 per lot for all trades. The PLATINUM account offers a spread starting from 2.3 pips and commissions of $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading. Each account type has its own minimum deposit requirement, lot sizes, leverage, and trading style specifications.

Margins

MRG applies margin charges to clients for various types of trades, such as day trades and overnight positions. The specific margin requirements differ depending on the account type. For Gold, Silver, and Platinum accounts, the margin requirements per lot are $100, $50, and $1,000, respectively.

Deposit & Withdrawal

MRG recommends that clients primarily make deposits and withdrawals via local bank transfer. However, the company has not disclosed whether any fees are charged for these methods. To make a withdrawal, clients need to follow a few steps. First, they need to log in using their registered username and password. After logging in, they should select the “Withdrawal” menu. Then, they need to enter the withdrawal amount in Indonesian Rupiah and ensure that all the withdrawal details are accurate before clicking “Submit.”

It is important to note that withdrawals made between 00:00 and 12:00 WIB will be processed on the same day by 16:00 WIB at the latest. Withdrawals made between 12:00 and 00:00 WIB will be processed on the following day by 12:00 WIB at the latest.

To make a deposit, clients should follow these steps: log in using their registered username and password, select the “Withdrawal” menu, enter the deposit amount in Indonesian Rupiah, choose the option for local bank transfer, select the appropriate bank account based on the provided details, and ensure that all the deposit information is accurate before clicking “Submit.”

Trading Platforms

MRG offers the MT4 (Metatrader 4) platform, which is widely recognized as one of the most widely used trading platforms among traders. With the MT4 platform, MRG Mega Berjangka provides traders with the opportunity to stay connected to the market at all times. The platform offers various options of Metatrader that can be tailored to suit individual needs.

The MT4 platform is known for its user-friendly interface and comprehensive charting capabilities, allowing traders to analyze price movements, apply technical indicators, and implement various trading strategies. It also provides real-time quotes, news feeds, and a wide range of trading tools to enhance the trading experience.

Traders using the MT4 platform can access a variety of financial instruments, including Forex, commodities, indices, and CFDs. The platform supports multiple order types, including market orders, limit orders, and stop orders.

One of the advantages of the MT4 platform is its extensive library of third-party plugins and expert advisors (EAs). Traders can utilize these tools to automate their trading strategies, perform backtesting, and receive trade signals based on predefined conditions.

Trading Tools

MRG provides educational resources to enhance traders' knowledge and understanding of the financial market. They offer explanations of common terms related to the financial market and financial instruments. This educational material can be beneficial for traders looking to expand their understanding and improve their trading strategies.

Mekanisme Trading:

MRG offers trading mechanisms that allow traders to execute their trades. These mechanisms provide a platform for traders to enter, modify, or close their positions in the financial market. The trading mechanisms offered by MRG facilitate the buying and selling of various financial instruments, providing traders with the necessary tools to participate in the market.

Tips Trading:

MRG provides trading tips to assist traders in making informed decisions. These tips may include market analysis, trading strategies, and insights into potential trading opportunities. The tips offered by MRG can be helpful for traders looking for guidance and ideas in their trading activities.

Customer Support

1. Penanganan Pengaduan Nasabah: MRG provides a customer support unit specifically dedicated to handling customer complaints. This unit is responsible for addressing and resolving any issues or concerns raised by customers. Customers can contact the Unit Pengaduan through various channels, including telephone and email. The customer support team aims to provide prompt assistance and aims to respond to customer inquiries within a maximum of 2x24 hours.

2. Unit Pengaduan: The Unit Pengaduan is the department within MRG that focuses on handling customer complaints. Customers can reach out to this unit via telephone at 021-7278 1710 (Hunting) or 021-7278 1721. Additionally, they can also contact the unit through email at customercare@mrgfutures.co.id. The Unit Pengaduan is responsible for providing complaint handling services to customers and explaining the Standard Operational Procedures (POS) for complaint handling, including the procedures for using the BAPPEBTI Online Complaint System.

3. Contact Information: MRG's customer support can be reached through various contact channels. Customers can fill out the contact form available on their website or directly contact the Unit Pengaduan through the provided telephone numbers. The company's official website is www.mrgfutures.co.id. The physical address of MRG is Senayan City, Panin Tower Lt. 22, Jl. Asia Afrika Lot 19, Jakarta Selatan 10270.

Conclusion

In conclusion, MRG Mega Berjangka has both advantages and disadvantages. On the positive side, MRG offers a range of market instruments for trading, including forex, gold, US indices, and crude oil, providing investors with diversification opportunities. They also provide the widely recognized MT4 trading platform, known for its user-friendly interface and comprehensive charting features. Additionally, MRG offers multiple account options with varying leverage ratios and low minimum deposit requirements. On the other hand, MRG's lack of valid regulation raises concerns about its credibility and potential risks associated with trading. The limited information provided about trading terms, fees, and alternative payment methods is also a disadvantage. Traders should exercise caution and consider these drawbacks before engaging with MRG Mega Berjangka.

FAQs

Q: Is MRG a legitimate broker？

A: Based on the information provided, MRG lacks valid regulation and has been flagged as suspicious. It is advised to exercise caution and be aware of the potential risks associated with dealing with MRG.

Q: What market instruments does MRG offer？

A: MRG offers trading opportunities in Forex, Gold, US Indices, and Crude Oil.

Q: What are the different account types offered by MRG？

A: MRG offers three account types: GOLD, SILVER, and PLATINUM, each with its own specifications and features.

Q: How do I open an account with MRG？

A: To open an account with MRG, visit their website, click on the “Register” menu, fill in the required information accurately, select the account type, enter the captcha correctly, agree to the Terms & Conditions, double-check the provided data, and click “Submit.”

Q: What leverage options does MRG provide？

A: MRG offers leverage options of 1:100 for GOLD and PLATINUM accounts, and 1:200 for the SILVER account.

Q: What are the spreads and commissions charged by MRG？

A: The spreads and commissions vary depending on the account type. The GOLD account has a spread starting from 2.3 pips, the SILVER account has a spread starting from 0.8 pips, and the PLATINUM account has a spread starting from 2.3 pips. Commissions are $30 per lot for forex and gold trading, and $20 per lot for index and crude oil trading in GOLD and PLATINUM accounts, while the SILVER account has a fixed commission of $8 per lot for all trades.

Q: How can I make deposits and withdrawals with MRG？

A: MRG recommends using local bank transfer for deposits and withdrawals. The specific fees associated with these methods are not disclosed. To make a withdrawal or deposit, follow the instructions provided on the MRG website.

Q: What trading platform does MRG offer？

A: MRG offers the widely recognized MT4 (Metatrader 4) platform, known for its user-friendly interface, comprehensive charting features, real-time quotes, news feeds, and a wide range of trading tools.

Q: What trading tools does MRG provide？

A: MRG provides educational resources, trading mechanisms for execution, and trading tips to assist traders in making informed decisions.

Q: How can I contact MRG's customer support？

A: You can contact MRG's customer support unit dedicated to handling customer complaints through telephone numbers or email. The contact information can be found on their official website.