Luk Fook Financial Services Limited (“Lukfook Financial”) is a licensed trademark user of Luk Fook Holdings Co., Ltd,, which is a subsidiary of Luk Fook Holdings (International) Limited (Stock code: 0590). Luk Fook Financial is formed by shareholder from Luk Fook Holdings (International) Limited and experienced financial professionals, committed to providing comprehensive and one-stop financial services in the best interests of clients.
Lukfook Financial Information
Lukfook Financial is a Hong Kong-based brokerage regulated by the China Hong Kong Securities and Futures Commission (SFC). The firm emphasizes client safety by segregating client funds from operational accounts and employing advanced security measures. Lukfook Financial offers a diverse range of securities for trading, including equities, bonds, ETFs, mutual funds, futures, and options, supported by a user-friendly trading platform available on multiple devices, including a mobile app.
Despite its strong regulatory compliance and diverse trading options, Lukfook Financial has some limitations. The broker does not provide detailed information on account types and lacks research and educational resources, which may be a disadvantage for novice traders.
Pros and Cons of Lukfook Financial
Lukfook Financial demonstrates a strong commitment to client safety and regulatory compliance. The firm is licensed and regulated by the China Hong Kong Securities and Futures Commission (SFC). Client funds are kept in segregated accounts, providing an extra layer of protection in case of the company's insolvency. Moreover, Lukfook Financial offers a wide range of securities for trading, including equities, bonds, ETFs, mutual funds, futures, and options, enabling investors to diversify their portfolios effectively. The trading platform is user-friendly and available across multiple devices, including a mobile app, making it convenient for clients to manage their investments on-the-go.
Despite its many advantages, Lukfook Financial has a few drawbacks. The broker does not provide detailed information on account types, which might make it challenging for potential clients to understand the options available to them. Furthermore, Lukfook Financial lacks diverse research and educational resources, which can be a disadvantage for novice traders looking to enhance their knowledge and trading skills.
Is Lukfook Financial safe？
Regulations
Lukfook Financial is officially licensed and regulated by The China Hong Kong Securities and Future Commission (SFC) under license numbers ACU547 and AXW976.
Funds Safety
Lukfook Financial takes the security of client funds seriously, ensuring that all client funds are kept in segregated accounts. This separation from the companys operational funds helps protect client assets in the event of company insolvency. Additionally, the firm adheres to stringent regulatory requirements set by the Hong Kong Securities and Futures Commission (SFC), which includes regular audits and compliance checks.
Safety Measures
The broker employs multiple safety measures to protect client data and transactions. These include advanced encryption technologies, secure login procedures, and continuous monitoring for suspicious activities. Lukfook Financial also provides various risk management tools and resources to help clients make informed trading decisions while minimizing exposure to potential losses.
What are securities to trade with Lukfook Financial？
Lukfook Financial offers a diverse range of securities for trading, catering to various investment preferences and strategies. Clients can trade equities listed on major global exchanges, including Hong Kong, the US, and other international markets. The broker provides access to a wide selection of stocks, bonds, ETFs, and mutual funds, enabling investors to diversify their portfolios effectively.
In addition to equities, Lukfook Financial supports trading in derivatives such as futures and options. This allows clients to hedge their portfolios or speculate on market movements with a range of underlying assets, including indices, commodities, and currencies. The broker's platform is equipped with advanced trading tools, enabling clients to execute complex trading strategies with ease.
Lukfook Financial Fees Review
Lukfook Financial's trading fees structure is detailed and varies across different securities and services.
For Hong Kong stocks, the commission is capped at 0.25% of the transaction amount, with a minimum of HKD 50 per transaction. Additionally, investors must pay a stamp duty of 0.1% on the transaction amount, which is a standard fee for trading Hong Kong-listed equities. Other charges include a transaction levy of 0.0027% and a trading fee of 0.005% of the transaction amount.
For global stocks, the commission varies depending on the market. For example, trading U.S. stocks incurs a commission of USD 0.02 per share, with a minimum fee of USD 15 per transaction. Similarly, trading stocks listed in European markets generally incurs a commission of 0.1% of the transaction amount, with a minimum fee that varies by country. These fees reflect the diverse global reach of Lukfook Financial's trading services, accommodating a diverse range of investor needs.
In addition to standard trading fees, Lukfook Financial imposes several service charges. These include an annual custody fee of HKD 500 for maintaining a securities account, a HKD 50 fee for requesting additional monthly statements, and a HKD 150 charge for automatic payment instruction setups. Wire transfers attract a fee of HKD 250, and inactive accounts are subject to a yearly service fee of HKD 200 if they hold only cash and the balance is below HKD 1,000. These fees underscore the broker's effort to maintain operational efficiency while providing robust trading services.
Lukfook Financial App Review
Lukfook Financial offers both online and mobile access to its brokerage accounts.
Mobile App: Available for both iOS and Android devices, the mobile app allows investors to trade on-the-go, manage their accounts, access market news, and perform research. It features an intuitive interface and integrates effortlessly with other Lukfook platforms.
Online trading: The main website for account management, trading, and research. It provides a various suite of tools for investors to manage their portfolios, analyze the market, and execute trades.
Customer Service
Lukfook Financial prides itself on providing excellent customer service. Clients can reach the support team through various channels, including email(cs@Lukfook Financial.com.hk) and phone(+852-2980-0888). The customer service team is responsive and knowledgeable, assisting clients with any issues they may encounter. This high level of support ensures that clients can resolve their problems efficiently and continue trading with minimal disruptions.
Conclusion
Lukfook Financial (Lukfook Financial) ensures client safety and regulatory compliance, being licensed by the SFC and keeping client funds in segregated accounts. The broker offers a variety of trading options like equities, bonds, ETFs, and derivatives, with a user-friendly platform available on multiple devices. However, Lukfook Financial lacks detailed account information and educational resources, and its customer support hours may not suit all time zones.
FAQs
Is Lukfook Financial regulated？
Yes, Lukfook Financial is licensed and regulated by the China Hong Kong Securities and Futures Commission (SFC) under license numbers ACU547 and AXW976.
What types of securities can I trade with Lukfook Financial？
Clients can trade a wide range of securities including equities, bonds, ETFs, mutual funds, futures, and options. These are available on major global exchanges such as those in Hong Kong, the US, and other international markets.
What platforms does Lukfook Financial offer for trading？
Lukfook Financial provides both online and mobile trading platforms. The mobile app is available for iOS and Android devices, allowing clients to trade on-the-go, manage accounts, access market news, and perform research.
Risk Warning
WikiStock's expert assessment of the brokerage's website data is subject to change and should not be taken as financial advice. Online trading carries substantial risks, including the potential loss of all invested capital, and it's crucial to fully understand these risks before investing.
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