DA

Founded in Hong Kong, China, in 2011, DA (DA International Financial Service Ltd) is a financial institution that offers stocks and futures trading through its proprietary platform. Its operations are regulated by the Securities and Futures Commission of Hong Kong.

Pros and Cons

Is DA Legit?

Direct International is a licensed corporation approved by the Securities and Futures Commission of Hong Kong (Central No.: AXH777). It holds a Type 1 license for “Dealing in Securities” and a Type 2 license for “Dealing in Futures Contracts”. We have found related information on the website of Hong Kong SFC. Overall, it is a locally regulated brokerage, and it is relatively safe to consider engaging in trading with it.

What Can I Trade on DA?

DA focuses on two types of trading instruments: stocks and futures. You can trade Hong Kong stocks, US stocks, A-Share Connect, Korean stocks, and more through DA.

Account Type

DA offers three types of accounts based on the market instruments you need to trade, including: Securities Cash Account, Securities Margin Account, and Futures Account. In addition, it provides a demo account for you to practice in a risk-free environment.

How to Open a DA Account?

• Apply on APP: To open an account online, you can install DA's app, enter the login interface, and click on 'Online Account Opening'.
• Apply on Website: You can find the “Open Account Now” option on its website, or click on the link: https://www.directaccess.com.hk/marketing/marketing_to.html and scan the QR code to open an account.

The comprehensive process of opening an account:

1. Enter your phone number to get a verification code;
2. Choose the account according to the market instruments you need to trade;
3. Upload your ID card;
4. Verify the bank card in mainland China；
5. Fill in contact information and employment information;
6. Select your personal financial and investment information;
7. Confirm your personal risk tolerance;
8. Disclosure of other information;
9. Identity verification: You are required to use the front camera to shoot a 3-second video of your face.

Fees

DA charges commission based on the trading method and types of market instruments. For example, for online Hong Kong securities trading, you need to pay 0.029% of the transaction amount, with a minimum of HKD 10 per transaction. For more details, please visit the website：https://www.directaccess.com.hk/callcenter/fee_HK_stock.html.

Trading Platform

DA only supports trading through its proprietary platform, which is accessible via computer and phone, and provides basic functions to assist in trading.