Q: Is there any minimum funds requirement on securities account opening?
Q: Is there any charge on securities account opening?
Q: How long does it take to open a securities account?
A: Client can open a securities account with us by having witnessed by our staff or by post. Under normal circumstances, it takes around 3 working days to complete the account opening process upon we receive all the required documents. Once the securities account is opened, client can start trading upon having funds deposited.
Q: How to know whether the securities account is opened successfully?
A: Once the account opening application is approved, notification will be sent out to client by email/post. Online trading password will be sent in a separate email if client applies online trading services. If client wants to check the application progress, client can contact our Customer Services at (852) 2165 9800 during office hours.
Q: Which type of securities account can a client chooses to open?
A: Client (Individual/Joint and Corporate) can choose to open cash securities account or margin securities account.
Q: What are the differences between cash securities account and margin securities account?
A: Cash securities account rely solely on client’s own funds to settle transactions without any margin financing. Margin account has the option to buy securities through margin financing provided by our company. Client is given a credit limit so he/she could utilize his/her capital flexibly when trading securities. It should be noted that once client utilizes margin financing, our company is entitled for repledging or force selling the securities in margin accounts.
Q: How to deposit funds into securities account?
A: Client can deposit funds by different ways to our company’s designated bank account. Client should then send the pay-in slip to us by fax (852) 2169 0809 or by email email@example.com. We will deposit the funds into client’s securities account once the funds is confirmed to be received by us. The cut off time for the deposit transaction is 16:00. Funds received after the cut off time will be handled on next working day.
Q: How to place funds withdrawal instructions?
A: Please download “Funds Withdrawal / Currency Exchange Form” at our company website, and fax: (852) 2169 0809, email: firstname.lastname@example.org or by post to our Customer Services Department. After signature specimen verification and taped telephone confirmation, we will arrange the funds withdrawal to your designated bank account. The cut off time for the withdrawal instruction is 11:00. Withdrawal Instruction received after the cut off time will be handled on next working day.
Please refer to “Customer Services” ”Funds Deposit & Withdrawal”