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Kaimin Securities Limited
WikiStock Rating	⭐⭐⭐
Account Minimum (Minimum Deposit)	HK$10,000
Trading Fees	Brokerage fees range from 0.25% to 0.5% of transaction amount
Account Related Fees	Stock Settlement Fee: 0.005% of transaction amountShares Registration Fee: HK$1.50 per board lotDividend Collection Fee: 0.5% of dividend amount
Interests on Uninvested Cash	N/A
Margin Interest Rates	N/A
Mutual Funds Offered	Yes
App/Platform	HERMES SECURITIES mobile app
Promotion	N/A

What is Kaimin Securities？

　　Kaimin Securities, based in Hong Kong, offers a comprehensive range of tradable securities including stocks, ETFs, and mutual funds.

　　They are regulated by the Hong Kong Securities and Futures Commission (SFC), ensuring adherence to strict regulatory standards. The firm operates with brokerage fees ranging from 0.25% to 0.5%, and requires a minimum deposit of HK$10,000.

Pros and Cons

　　Kaimin Securities presents several notable advantages to investors. Firstly, it offers a wide range of investment options including stocks, ETFs, and mutual funds. Being regulated by the Hong Kong Securities and Futures Commission (SFC) adds credibility and ensures compliance with stringent regulatory standards, providing investors with a sense of security. Moreover, the provision of quarterly investment reports enhances transparency and helps clients stay informed about market trends and analysis, supporting informed decision-making. The availability of various customer support channels further enhances accessibility, ensuring that investors can receive assistance promptly when needed.

　　However, Kaimin Securities does have some drawbacks. One significant concern is the high brokerage fees charged, ranging from 0.25% to 0.5% of the transaction amount, which are considered costly compared to competitors offering lower rates. Another limitation is the relatively high minimum deposit requirement of HK$10,000, which could deter smaller investors or those looking to start with lower amounts.

Is Kaimin Securities Safe？

• 　　Regulations:

　　Kaimin Securities holds a Securities Trading License issued by the Securities and Futures Commission (SFC), with License No. AEU219. This license signifies that Kaimin Securities is regulated by the SFC for conducting securities trading activities.



• 　　Funds Safety:

　　The customer's account balance in Kaimin Securities is not insured. Like most brokerage firms, Kaimin Securities does not provide insurance coverage for account balances.

• 　　Safety Measures:

　　The security measures implied by Kaimin Securities are as follows:

• 　　Secure Socket Layer (SSL) Encryption: Utilizes SSL technology to encrypt data transmitted between clients and servers, ensuring confidentiality.

• 　　Two-Factor Authentication (2FA): Requires clients to verify their identity using a second method (e.g., SMS code) in addition to their password for secure login.

• 　　Regular Security Audits: Conducts routine audits of systems and protocols to identify and rectify vulnerabilities.

What are Securities to Trade with Kaimin Securities？

　　Kaimin Securities offers a variety of tradable securities to investors through its licensed operations under the Hong Kong Securities and Futures Commission (No.: AEU219). These include stocks, ETFs (Exchange-Traded Funds), and mutual funds.

　　Established in 1998, the firm holds Type 1 (Securities Trading) and Type 4 (Securities Advisory) licenses, enabling it to provide comprehensive services such as securities trading, margin subscription for new shares, and real-time market analysis.

　　Clients can access and trade Main Board and GEM securities listed on the Hong Kong Stock Exchange using Hermes Securities Limited's online electronic trading system. Beyond trading, the company also focuses on expanding services like securities custody and stock placement, as well as participating in initial public offerings, aiming to offer a wide range of high-quality securities services.



Kaimin Securities Accounts

　　Kaimin Securities offers two types of account opening procedures: online for personal accounts and offline witness for both personal and corporate accounts.

　　For online personal account opening, applicants must submit their original Hong Kong permanent identity card. Non-permanent Hong Kong residents need to provide their original nationality identity card or passport. Additionally, proof of current residential address, such as utility bills or bank statements issued within the last three months, and proof of a personal bank account in the applicant's name are required. Successful account opening mandates an initial deposit of at least HK$10,000 for trading activities upon fund clearance.

　　Offline witness account opening accommodates both personal and corporate accounts. Customers can schedule an appointment to visit Kaimin Securities' office or mail the completed account opening form along with necessary documents. For personal accounts, the requirements include the Hong Kong permanent identity card or equivalent identity proof, proof of current residential address, and proof of a personal bank account.

　　Corporate accounts necessitate more comprehensive documentation, including the Certificate of Incorporation, Business Registration Certificate, Articles of Association, and the company's latest annual return (Form NAR1). Additionally, documents demonstrating changes in directors or shareholders, a board resolution authorizing the account opening, and a company structure chart signed by directors are required.



Kaimin Securities Fees Review

　　Kaimin Securities applies brokerage fees ranging from 0.25% to 0.5% of the transaction amount, with a minimum charge of HK$100.00 per transaction.

　　Stamp duty is levied at a rate of 0.10% of the transaction amount, with a minimum charge of HK$1.00 per HK$1,000.00 or part thereof. For transactions involving physical scrips, a transfer deed fee of HK$5.00 per board lot is applicable. A transaction levy of 0.0027% of the gross consideration is imposed, with a minimum charge of HK$0.01 per transaction.

　　Additionally, a trading fee of 0.00565% of the transaction amount is applied, with a minimum charge of HK$0.01 per transaction.

　　Moreover, Kaimin Securities imposes a stock settlement fee at a rate of 0.005% of the transaction amount, with a minimum charge of HK$5.50 per transaction and a maximum charge of HK$100.00 per transaction.

　　Further charges include an FRC transaction levy of 0.00015% of the transaction amount, with a minimum charge of HK$0.01 per transaction.

　　Various handling charges also apply, such as a shares registration fee of HK$1.50 per board lot and a dividend collection fee of 0.5% of the dividend amount, with a minimum of HK$25.00 and a maximum of HK$10,000.00.

　　Additional charges for services like certificate withdrawal, corporate actions, and statement requests beyond three months are also detailed, ensuring transparency in fee structures for investors.

　　Kaimin Securities' brokerage fees range from 0.25% to 0.5%, which falls within the average to high range when compared to popular brokers.

Fee Type	Rate/Charge	Minimum Charge	Maximum Charge
Brokerage Fees	0.25% - 0.5% of transaction amount	HK$100.00	Please consult with sales executive
Stamp Duty	0.10% of transaction amount	HK$1.00 per HK$1,000.00 or part thereof	-
Transfer Deed	HK$5.00 per board lot	-	-
Transaction Levy	0.0027% of gross consideration	HK$0.01	-
Trading Fee	0.00565% of transaction amount	HK$0.01	-
Stock Settlement Fee	0.005% of transaction amount	HK$5.50	HK$100.00
FRC Transaction Levy	0.00015% of transaction amount	HK$0.01	-
Shares Registration Fee	HK$1.50 per board lot	-	-
Dividend Collection Fee	0.5% of dividend amount	HK$25.00	HK$10,000.00
Certificate Withdrawal Fee	HK$5.00 per board lot	HK$50.00	-
Corporate Actions Fee	HK$0.80 per board lot	-	-
Statement Mailing Charges	HK$20.00 per each month	-	-
Request for Statements Fee	HK$100.00 per each month/item	-	-
Physical Stock Delivery Fee	HK$2.50 per page of share certificate	HK$100.00	-



Kaimin Securities App Review

　　The “HERMES SECURITIES” mobile app by Kaimin Securities offers a user friendly trading platform.

　　It features an innovative user interface that enhances investor experience by providing real-time market updates and stock trading capabilities. Key functions include online subscription for new shares, easy access to daily and monthly statements, customizable price reminders for Hong Kong stocks, and convenient fund deposits and withdrawals with quick eDDA options.

　　To download the app, visit the official website at https://www.2goasp.com/vhermes_portal/index.



Research & Education

　　Kaimin Securities provides research reports to assist investors. Their offerings include investment research reports such as the Quarterly Reports, which provide insights into market trends and analysis. These reports empower investors with valuable information for making informed decisions.



Customer Service

　　Kaimin Securities provides customer support through HERMES SECURITIES LIMITED, located at Room 2117, 21/F., China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong.

　　You can reach them via telephone at +852 2267 0998 or by fax at +852 2267 0099. They are available during office hours from Monday to Friday, 9:00am to 5:00pm.

　　Please note that their services are closed on Saturdays, Sundays, and public holidays. For inquiries, you can also email them atenquiry@vhermes.com.hk.



Conclusion

　　In conclusion, Kaimin Securities offers a robust platform for investors looking to trade stocks, ETFs, and mutual funds with the assurance of regulatory oversight by the Hong Kong Securities and Futures Commission.

　　Despite higher brokerage fees and a relatively high minimum deposit requirement of HK$10,000, the firm provides comprehensive services including quarterly investment reports and a dedicated mobile app for convenient trading. This makes it suitable for more experienced investors and those seeking a wide range of investment options within a regulated environment.

FAQs

• 　　Is it safe to trade on Kaimin Securities？

• 　　Kaimin Securities is regulated by the Hong Kong Securities and Futures Commission (SFC), ensuring compliance with strict regulatory standards to safeguard investor interests.

• 　　Is Kaimin Securities a good platform for beginners？

• 　　Yes, Kaimin Securities offers educational resources and a user-friendly interface, making it suitable for beginners to start learning and trading with guidance.

• 　　Is Kaimin Securities a legitimate platform？

• 　　Yes, Kaimin Securities is a licensed institution with Type 1 (Securities Trading) and Type 4 (Securities Advisory) licenses from the Hong Kong SFC, demonstrating its legitimacy and adherence to regulatory requirements.

• 　　Is Kaimin Securities good for investing or retirement planning？

• 　　Kaimin Securities provides a range of investment options including stocks, ETFs, and mutual funds, making it suitable for both short-term investing and long-term retirement planning strategies.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.