General Information & Regulation of DT King Securities
In 2007, Telecom Digital Securities Limited (TD Securities) was licensed by the Securities and Futures Commission to operate Type I regulated activities (securities trading), Central Number: API286, and was also qualified as an exchange participant of The Stock Exchange of Hong Kong Limited, Brokerage Code: 1568, 1569, in November of the same year, Telecom Securities started its official business. In 2008, Telecom Securities launched online trading and online real-time quotes service, cell phone SMS replay service, while the online trading interface joined the JC Web online real-time quotes service of Telecom Digital Group and launched the MangoCombo-MangoTrade mobile electronic stock trading service. 2009, Telecom Securities launched the JCWEB full version of Telecom Digital Group In 2010, launched the TD Stock-MangoTrade mobile electronic stock trading service (for iPhone, iPod touch/iPad), and in 2011, Telecom Digital Securities In 2011, Telecom Digital Securities Limited was licensed by the Securities and Futures Commission to operate Type II regulated activities (futures trading) and was also qualified as an exchange participant of the Hong Kong Futures Exchange Limited under the brokerage code: TLC, providing telephone and electronic (online and mobile program FuturesPro) futures/options trading services. In 2013, Hang Seng Index Futures and Hang Seng China Enterprises Index futures night market trading services were launched. In 2014, launched Mini-Hang Seng Index Futures and Mini-Hang Seng SOE Index Futures night market trading services. In 2017, DT Securities started to provide securities financing (margin) services, and in 2019, it officially changed its name to DT King Securities Limited and moved its business address to the Kowloon Bay area in Hong Kong.
Main Business of DT King Securities
The securities products provided by TD King Securities are mainly Hong Kong stocks and U.S. stocks. Futures varieties are mainly Hang Seng Index Futures, Mini Hang Seng Index Futures, H-share Index Futures, Mini H-share Index Futures, Hang Seng Technology Index Futures, HSI Dividend Point Index Futures, Hang Seng SOE Dividend Index Futures, and Stock Futures. Options varieties include Hang Seng Index Options, Mini Hang Seng Index Options, H-share Index Options, Mini H-share Index Options.
Commissions & Fees of DT King Securities
TD King Securities has a more detailed fee schedule for different varieties, such as 0.10% of each transaction amount (minimum commission of HK$50) for telephone trading of Hong Kong stocks, 0.05% of each transaction for online and smartphone trading (minimum commission of HK$25); 0.10% of each transaction amount for stamp duty ( less than HKD1 is calculated as HKD1); transaction levy is 0.0027% of each transaction amount (levied by SFC), a transaction fee is 0.005% of each transaction amount (levied by HKEx), settlement fee is 0.005% of each transaction amount, (including 0.002% of the clearing fee of CCASS with a minimum of HKD5 and a maximum of HKD100). In addition, physical stock and settlement service fees, information service fees, account service fees, debit, and other service fees, U.S. stock commission commissions, and fees are detailed on the official website of TD King Securities. The commission for telephone orders of Hang Seng Futures Index is HK$50/contract for spot and HK$80/contract for over-the-counter; the commission for online/mobile orders is HK$20 (spot) and HK$40 (over-the-counter), the exchange fee is HK$10, the SFC fee is HK$0.54, and the cash settlement is HK$10. For more details of fees and charges, please refer to the official website.
Deposit Standard of DT King Securities
The basic deposit (per contract pair) for Hang Seng Index futures is HK$125,153, and the maintenance deposit is HK$100,122. The basic deposit (per contract pair) for cross-deposit is HK$28,794, and the maintenance deposit (per contract pair) is HK$23,035. For more information on deposits, please refer to the official website of TD King Securities.
Deposit and Withdrawal of DT King Securities
Securities investors may deposit funds by cheque or cashier's cheque delivery or cash transfer. Clients must settle the amount due on or before 4:00 p.m. on the T+2 settlement day (i.e. the second trading day after the trading day). If the client fails to settle the amount due on or before 10:00 a.m. on T+3, the firm will force a sale immediately after the deadline. If the investor wants to withdraw the cash balance from the securities account, the company will deposit the settlement check directly into the client's bank account, or the trader can pick up the check at the company's head office. There are also two ways to withdraw shares, as described on the company's website.
Trading Software of DT King Securities
TD King Securities offers the securities trading software TDStock PRO, which traders can download through the App Store and Google Play. The mobile futures trading software provided by TD King Securities is Futures PRO, and the online trading platform is SP Trader.
