What is Yicko？
Yicko Securities provides various professional financial services, including stock trading, options trading, shares subscription, and margin financing. Regulated by the Securities and Futures Commission (SFC) in Hong Kong, Yicko Securities ensures a secure trading environment and grants clients opportunities to participate in IPOs, along with access to various financial tools for making informed investment decisions. However, the platform does not support crypto trading, and its educational resources are limited, which may limit the depth of investor education available to clients.
Pros and Cons of Yicko
Yicko Securities Limited, regulated by the Securities and Futures Commission (SFC) in Hong Kong, offers a secure platform for investors. It provides access to IPOs, enabling clients to participate in new market opportunities. However, the brokerage does not support crypto trading, which may limit options for those interested in digital assets. Yicko offers financial tools to assist investors in making informed decisions but lacks live chat support for immediate customer inquiries. While the platform provides valuable financial tools, its educational resources are limited, potentially hindering comprehensive investor education.
Is Yicko safe？
Regulation
Yicko is licensed by the Securities and Futures Commission (SFC) in Hong Kong, under license number ABN145.
What are securities to trade with Yicko？
Yicko Securities Limited offers a variety of trading instruments including stock trading, options trading, shares subscription, and margin financing, but does not support cryptocurrency trading.
Stock trading allows clients to buy and sell shares on major stock exchanges, providing opportunities for portfolio diversification. Options trading enables investors to engage in sophisticated strategies to hedge or speculate on market movements. Shares subscription services allow clients to participate in initial public offerings (IPOs) and other share issuance events. Margin financing provides customers with the ability to borrow funds to increase their trading leverage, potentially amplifying returns.
Yicko Accounts
Yicko Securities Limited offers a variety of trading accounts to meet the diverse needs of its customers:
Stock Trading Cash Account / Margin Account: Provides flexibility for investors to trade stocks either using their own funds or by leveraging borrowed funds for increased purchasing power.
Online Trading Account: Designed for users who prefer the convenience and efficiency of managing their trades through an online platform.
Stock Options Trading Account: Tailored for those interested in trading stock options, allowing them to engage in more sophisticated investment strategies.
Yicko Fees Review
Yicko Securities Limited offers a transparent and structured fee system for both securities trading and options transactions.
For Securities Trading, the brokerage fee for dealing room transactions is 0.25% of the transaction amount with a minimum charge of $80, while internet and mobile transactions incur a fee of 0.15% of the transaction amount with a minimum charge of $40. Additional charges include a stamp duty of 0.13% of the transaction amount (rounded up to the nearest dollar) collected for the HKSAR Government, a transaction levy of 0.0027% collected for the Securities & Futures Commission of Hong Kong, an HKEx trading fee of 0.005%, and a clearing fee of 0.02% of the transaction amount with a minimum charge of HK$10. There is also a transaction levy of 0.00015% collected by the Financial Reporting Council. The safe custody service is waived.
For Securities Options Transactions, the brokerage fee is calculated as Premium x Number of Shares x 0.25% with a minimum charge of HK$100. The HKEx trading fee for options is determined and collected by The SEHK Options Clearing House Limited (SEOCH).
Yicko App Review
Yicko Securities Limited offers a robust trading platform designed to both novice and professional investors. The Yicko Securities Trading System encompasses two main components: the Securities Web-Based Trading System and the Securities Professional Trading System. These systems provide users with smooth and efficient trading experiences, ensuring easy access to a wide range of securities.
In addition to trading systems, Yicko Securities provides valuable financial tools to assist investors in making informed decisions. The Option Pricer, which is based on the Black-Scholes Model, helps users estimate the theoretical value of options. However, it is important to note that the computed values may differ from actual market prices and accuracy cannot be guaranteed.
The Mortgage Calculator is another useful tool, allowing users to assess potential mortgage costs. Users are advised that using this application constitutes acceptance of all associated risks with the resultant data.
Customer Service
Yicko Securities Limited provides comprehensive customer service to address all client inquiries and needs from their office located at 19/F., Tung Ning Building, 125-127 Connaught Road Central, Hong Kong. For general inquiries, customers can contact the dedicated customer service team at +(852) 2946 1300 or via email atinfo@yicko.com. Specific services include assistance with settlement instructions and technical support at +(852) 2946 1300, stock trading at +(852) 2946 1328, and stock option trading at +(852) 2946 1321. Additionally, Yicko Securities offers fax support at +(852) 2544 4361. For personalized service, clients are encouraged to contact their personal client broker.
Conclusion
Yicko Securities stands out for its regulatory oversight by the SFC in Hong Kong, which ensures a secure and compliant environment for investors. The brokerage offers opportunities for clients to participate in IPOs and provides a comprehensive suite of financial tools to aid in investment decisions. This makes Yicko suitable for investors looking for regulated trading services and access to initial public offerings. However, the platform does not support crypto trading, which may deter investors interested in digital assets. Additionally, Yicko Securities offers limited educational resources, potentially restricting comprehensive learning for investors seeking a broader range of educational materials.
FAQs
Is Yicko Securities a safe option for trading？
Yicko is licensed by the Securities and Futures Commission (SFC) in Hong Kong, operating under license number ABN145. However, detailed information regarding fund safety and specific safety measures is currently unavailable.
Is Yicko Securities suitable for beginners？
While Yicko offers versatile trading platforms, its limited educational resources may present challenges for beginners seeking comprehensive guidance and learning opportunities.
Is Yicko Securities a legitimate brokerage？
Yes, Yicko is authorized by the Securities and Futures Commission (SFC) in Hong Kong.
Risk Warning
The details presented rely on WikiStock's expert assessment of the brokerage's website data and are subject to updates. Additionally, engaging in online trading carries significant risks, which could result in the complete loss of invested capital. Therefore, understanding these risks thoroughly before participating is essential.
China Hong Kong 
