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CWSI

Hong Kong|5-10 years|
Dealing in securities|Suspicious Scope of Business|Hong Kong Dealing in futures contracts Revoked|Suspicious Overrun|Medium potential risk|

http://www.cwsi.com.hk/en/index

Website

Rating Index

Contact

+852 3958 4600
cwsi1888@cwsi.com.hk
http://www.cwsi.com.hk/en/index
Rm1801-1802, Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+852 3958 4600

Other ways of contact

Broker Information

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Company Name

Central Wealth Securities Investment Limited

Abbreviation

CWSI

Platform registered country and region

Hong Kong

Company website
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WikiFX Risk Alerts 2
Previous Detection : 2024-11-24
  • China Hong Kong SFC (license number: BFW317) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
  • This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AVE583)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!

WikiFX Verification

CWSI · WikiFX Survey

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CWSI · Company Summary

CWSI Review Summary
Founded2014
Registered Country/RegionChina Hong Kong
RegulationSFC (Revoked and Exceeded)
Products & ServicesSecurities brokerage, securities underwriting, margin financing, securities research, asset management (private funds set-up and management), structured products, and other integrated financial services
Demo Account
Leverage1:10
SpreadFrom 0.05% (Cash Account)
From 0.10% (Margin Account)
Trading PlatformStock trading systems
Min DepositHK$1,000
Customer SupportService time: 24/7
Tel: (852) 3958 4688
Email: cwsi1888@cwsi.com.hk, cs@cwsi.com.hk
Facebook: https://www.facebook.com/cwsi.com.hk
YouTube: https://www.youtube.com/channel/UCqhLmt5qBg8j2yy6bqoYLYQ
Address: Rm1801-1802, Far East Finance Centre, 16 Harcourt Road, Admiralty, Hong Kong

Established in 2014, Central Wealth Securities Investment Limited (CWSI), a subsidiary of Central Wealth Group Holdings Limited (00139.HK), offers a diverse range of trading assets, including online stock trading, margin accounts, and participation in Initial Public Offerings (IPOs).

However, there are regulatory setbacks, such as the revocation of its futures contracts license by the SFC of Hong Kong.

CWSI's homepage

Pros and Cons

Pros Cons
Various financial products and servicesRevoked and exceeded licenses of SFC
Transparent fee structuresNo demo accounts
High minimum deposit

Is CWSI Legit?

CWSI faces a considerable regulatory setback as its license for dealing in futures contracts has been revoked by the Securities and Futures Commission of Hong Kong (License No. BFW317).

Similarly, CWSI's regulatory status continues to be a cause for concern, having exceeded the standards set by the Securities and FuturesCommission of Hong Kong (License No. AVE583) in dealing with securities.

Regulatory Status Revoked
Regulated by Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution Central Wealth Futures LImited
Licensed TypeDealing in futures contracts
Licensed NumberBFW317
Revoked SFC license
Regulatory Status Exceeded
Regulated by Securities and Futures Commission of Hong Kong (SFC)
Licensed Institution Central Wealth Securities Investment
Licensed TypeDealing with securities
Licensed NumberAVE583
Exceeded SFC license

Products and Services

CWSIs businesses cover securities brokerage, securities underwriting, margin financing, securities research, asset management (private funds set-up and management), structured products, bonds, and other integrated financial services.

In their asset management sector, they mainly offers fixed-income funds, with an asset management scale nearing 1 billion US dollars.

The key products include:

- Investment Grade Bond Product: This product primarily invests in investment-grade US dollar bonds, covering regions like China and Hong Kong, and can be diversified globally based on investor preferences.

- High Yield Bond Product: Targeting high yield, this product invests in high-yield US dollar bonds, particularly from China and Hong Kong.

- Short-Term Bond Product: This product focuses on short-term US dollar bonds.

- Fixed Income Products: These products invest in fixed-income targets with specific maturity intervals.

In their sales and trading sector, they provide customers with sales and trading services of offshore derivatives including national bonds, financial bonds, and corporate bonds.

Products and Services

Account Type

CWSI offers Cash Securities Trading Account and Margin Securities Trading Account for individual/joint, and corporate traders. Demo accounts are available for both account types.

Account TypeCash Securities Trading AccountMargin Securities Trading Account
Minimum DepositHK$1,000HK$5,000

To open an account of CWSI, it is simple that you submit supporting document and verify information by phone. Client number and password will be sent to you by post or email.

Account

Leverage

Account TypeCash Securities Trading AccountMargin Securities Trading Account
Leverage/Up to 10 times

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spread and Commission

Account TypeCash Securities Trading AccountMargin Securities Trading Account
SpreadVariable, starting from 0.05%Variable, starting from 0.10%
CommissionHK$0.01 per shareHK$0.02 per share

Other Fees

CWSI charges various fees for different products and services. Take HK stocking trading as an example:

ItemsCharges (on gross trade amount)Minimum charges (HKD & USD denominated products)Minimum charges (RMB denominated products)
Phone Trading Commission 0.25%HKD 100 / USD 12RMB 100
Internet Trading Commission
Settlement / Clearing Fee 0.006% per trade (including 0.002% collected by HK Clearing)HKD 3RMB 3
Trading Fee (HKEx) 0.00565%HKD 0.01RMB 0.01
Transaction Levy (SFC) 0.0027%
Stamp Duty 0.1%A fraction of $1, round-up to the nearest $1/
FRC Transaction Levy0.00015%Rounded to the nearest cent/
Investor Compensation Levy (HK Government) #0%//

More details on each trading products can be learned through the link: http://www.cwsi.com.hk/en/trade/charge

Fees

Trading Platform

CWSI offers stock trading systems including securitiessystems and mobile stock trading systems, available on IOS and Android.

Online trading enables customers to access real-time stock quotes and conveniently enter or modify their orders whenever they choose. This platform also allows clients to effortlessly monitor their account balances, stock holdings, and the status of their orders at any time.

Trading Platform

Deposit and Withdrawal

CWSI accepts transfer fund through Online Banking, Counter, ATM transfer and Phone Banking or bring in a cheque or bank draft (payable to “Central Wealth Securities Investment Limited”) . Third party deposit are not accepted.

Besides, clients should give their withdrawal instructions before the daily cut-off time (Trading day from Monday – Friday, on or before 11:00am) via their Sales and Customers Services Hotline at (852) 3958 4600.

Deposit method

Review 1

1 Comments
Write a comment
All(1) Latest Exposure(1)
Exposure
After causing forced liquidation, the agent blocked clients.
With the attitude of learning, I have observed for a while in the group. The assistant Jia Jia posted teacher’s recommendation on stock trading—position building and selling. Teacher Wang Xiang and master manager Liu and Ji taught lesson every night. On the next morning, they took members to build position. Seeing they making money, I moved. Jia Jia noticed that the second stage needs us to become VIP and use margin accounts. Thus, I opened an account and bound it to my bank card. On her guidance, I profited 20 thousand yuan and extra 4000 thorough several recommended shares. The platform stipulated that 18 yuan rollover will be charged per 10 thousand yuan. Finding that the profit these days remained stable, I doubted that whether teachers manipulated on the stock. At this time, Jia Jia told us that we get an extra opportunity to but the new share.On 18th, I deposited 20 thousand into the margin account, bringing the total to 180 thousand. The price went to a limit down. But Jia told that the position wouldn’t be closed and asked me to add fund. Then my position became liquidated, with all fund gone. My balance became -27275 yuan. Jia explained that someone leaked the information of the stock. To recover the loss, they promised add the quote of the share, asking us to continue adding fund. At that time, I realized that it was a bottomless pit. The only goal is to rip us off.This is my experience. During the process, I was pulled into 3 group, namely, C.04 Dingyao Gathering, Core Dingyao Gathering and Dingyao Gathering—Internal Operation. I deposited 180 thousand in total(deposited 200 thousand and withdrew 20 thousand) and bought the recommended share. As of May 18th, my account has become negative. Notice: The platform will block you after your account becomes liquidated. With the excuse of recovering losses, it will continue to ask you to add fund. Hope CWSI solve it if it blames on the agent. If it blames on the platform, I caution you against it.
繁星36864
2020-05-25
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