RDSCL

RDSCL
WikiStock Rating	⭐⭐⭐
Founded	2013
Registered Region	Hong Kong
Regulatory Status	SFC
Products & Services	Securities trading; Custody Securities; Placing of New Shares; Nominee Service; Initial Public Offering (IPO)
Account Minimum	HK$10,000
Financing Interest	5% + higher of Prime for Cash Clients Debit Balances
Fees	Brokerage Commission: 0.25% on Transaction Amount (Min. HK$80)
	Transaction Levy: 0.0027% on Transaction Amount
	Financial Reporting Council Transaction Lev: 0.00015% on Transaction Amount
	Trading Fee: 0.00565% on Transaction Amount
	CCASS Clearing Fee: 0.0060% on Transaction Amount (Min. HK$3
	Stamp Duty: 0.10% on Transaction Amount
App/Platform	GoTrade2
Customer Service	Address: Unit 3201, No. 9 Queen's Road Central, Central, Hong Kong
	Tel:（852）28680399
	Fax:（852）28682652
	WhatsApp/Wechat: (852）54097062
	Email: rdscl@rdscl.com.hk

RDSCL Information

　　Founded in December 2013, Riches Depot Securities Co., Limited (RDSCL) is a well-established securities company based in Hong Kong. As a member of The Stock Exchange of Hong Kong Limited with solid financial strength, RDSCL holds multiple trading rights and is licensed by the Securities and Futures Commission (SFC) with number BCZ822.

　　The firm has a robust management team with extensive experience in domestic and international capital markets. RDSCL prioritizes professional integrity, stringent internal controls, and client-centric services aimed at maximizing investment returns.

　　For more detailed information, you can visit their official website: http://www.rdscl.com.hk/en/home.php or contact their customer service directly.

Pros & Cons

• 　　Regulatory Oversight: RDSCL is regulated by the Securities and Futures Commission (SFC) and is a member of The Stock Exchange of Hong Kong Limited, ensuring adherence to strict financial standards and investor protection.

• 　　Comprehensive Services: Offers a wide range of financial services including securities trading, custody, IPO facilitation, and nominee services.

• 　　Advanced Trading Platform: Utilizes the GoTrade2 electronic trading system, providing clients with real-time market data and seamless trading experiences via desktop and mobile apps (Android and iOS).

Cons:

• 　　Complexity for Beginners: The range of services and financial terminology can be overwhelming for novice investors, requiring guidance and education to fully understand.

Is It Safe？

　　Regulation:

　　RDSCL operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission of Hongkong (SFC) with license no. BCZ822, showcasing its dedication to maintaining the utmost standards in financial operations. This regulatory adherence underscores RDSCL's commitment to integrity and credibility in its services.



　　Safety Measures:

　　Quasar Financial Group implements privacy policy with robust measures including encrypted data transmission, secure servers, and restricted access protocols. Compliance with stringent regulatory standards ensures confidentiality and protection against unauthorized access or data breaches, reinforcing trust and safeguarding client information.

Products & Services

　　Riches Depot Securities Co., Limited (RDSCL) provides a comprehensive range of financial services tailored to meet the diverse needs of its clients. These services include:

• 　　Securities Trading: Facilitating trading activities on The Stock Exchange of Hong Kong Limited, allowing clients to engage in buying and selling securities.

• 　　Custody Services: Safeguarding and managing client securities through secure custody services.

• 　　Placing of New Shares: Assisting in the placement of new shares in the market, providing opportunities for investors to participate in initial public offerings (IPOs).

• 　　Nominee Service: Acting as a nominee to hold securities on behalf of clients, offering confidentiality and administrative convenience.

• 　　Initial Public Offering (IPO): Participating in and facilitating the process of IPOs, enabling clients to invest in newly listed companies.

　　Riches Depot Securities Co., Limited (RDSCL) emphasizes innovation, reliability, and personalized client service, aiming to build long-term relationships based on trust and mutual success in the dynamic financial markets.

Account Review

　　RDSCL offers three distinct types of securities trading accounts:Cash Account, Custodian Account, and Electronic Stock Trading Account.

　　A Cash Account allows clients to trade using their deposited funds directly, offering flexibility but requiring adherence to available balance limits.

　　The Custodian Account provides secure holding and management of securities on behalf of clients, ensuring safekeeping without the need for frequent transactions.

　　The Electronic Stock Trading Account facilitates real-time trading via electronic platforms, enabling quick execution of orders and access to market data.

　　To open any of these accounts, prospective clients must submit an application form along with specified supporting documents, including identification and residential address proof.

　　Additionally, a minimum deposit of HK$10,000 in the form of a personal cheque drawn from a Hong Kong Dollar bank account is required. The account will be activated upon clearance of the cheque, and applicants are advised to visit RDSCL's office during weekday business hours to complete the process in person.

Fees Review

　　RDSCL outlines a transparent fee structure for its trade-related services and financing interests.

　　For trading activities, RDSCL charges a brokerage commission of 0.25% on transaction amount, with a minimum of HK$80.

　　Stamp duty is charged at 0.10% on transaction amount.

　　Additionally, there's a transaction levy of 0.0027% on transaction amount, while financial reporting council transaction levy is charged at 0.00015% on transaction amount.

　　Trading fees are 0.00565% and CCASS Clearing Fee 0.0060% on transaction amount, with a minimum charge of HK$3.

　　For financing interest, RDSCL applies an interest rate of 5% plus the higher of the prime rate for cash clients debit balances.

　　These fees are indicative and subject to change in accordance with market conditions and regulatory requirements. For precise details or updates on charges, clients are encouraged to contact their account executive or visit http://www.rdscl.com.hk/home/pdf/en/Charges%20List%20-RDSCL%20E.PDF.

Financing Interest	5% + higher of Prime for Cash Clients Debit Balances
Fees	Brokerage Commission: 0.25% on Transaction Amount (Min. HK$80)
	Transaction Levy: 0.0027% on Transaction Amount
	Financial Reporting Council Transaction Levy: 0.00015% on Transaction Amount
	Trading Fee: 0.00565% on Transaction Amount
	CCASS Clearing Fee: 0.0060% on Transaction Amount (Min. HK$3)
	Stamp Duty: 0.10% on Transaction Amount

App Review

　　Riches Depot Securities Co., Limited (RDSCL) offers an advanced electronic trading system known as GoTrade2, designed to provide seamless and efficient trading experiences for its clients. This platform is complemented by user-friendly mobile applications available on both Android and iOS devices. GoTrade2 integrates real-time market data and sophisticated trading tools, empowering users to monitor market trends, execute trades swiftly, and manage their investment portfolios with ease.

Customer Service

　　Clients can reach RDSCL via telephone at (852) 28680399 for immediate assistance and inquiries, or through fax at (852) 28682652 for document transmissions.

　　For less urgent matters, WhatsApp/WeChat communication is available at (852) 54097062.

　　Additionally, clients can contact RDSCL via email at rdscl@rdscl.com.hk or visit their physical address at Unit 3201, No. 9 Queen's Road Central, Central, Hong Kong.



Conclusion

　　In conclusion, Riches Depot Securities Co., Limited (RDSCL) is regulated by the Securities and Futures Commission (SFC) with license no. BCZ822 and accredited as a member of The Stock Exchange of Hong Kong Limited.

　　Offering a diverse array of services including securities trading, custody, IPO facilitation, and more, RDSCL combines robust regulatory compliance with advanced trading technologies like the GoTrade2 platform accessible via desktop and mobile apps.

　　With a commitment to professional integrity and client satisfaction, RDSCL continues to deliver comprehensive financial solutions tailored to meet the diverse needs of its investors.

Frequently Asked Questions (FAQs)

• 　　What is Quasar Financial Group's regulatory status？

• 　　Quasar Financial Group operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission (SFC) with license no. BCZ822.

• 　　What services does RDSCL provide？

• 　　Securities trading, custody services, placing of new shares, nominee services, and IPO facilitation.

• 　　Is RDSCL suitable for beginners？

• 　　While RDSCL is SFC regulated and provides a robust platform and services, beginners may find the range of offerings and financial terminology complex initially.

• 　　What are the trading platforms available at RDSCL？

• 　　RDSCL offers the GoTrade2 electronic trading system, accessible via desktop and mobile applications (Android and iOS).

Risk Warning

　　Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.