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.
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)
China Hong Kong 
Owns 1 seat(s)
