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YUEKAI Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	N/A
Trading Fees	0.0341‰
Account Related Fees	Custody fees for asset management: 0.05%/year
Interests on Uninvested Cash	Available
Margin Interest Rates	Financing annual rate 8.35%, annual interest rate for securities 10.35%
Mutual Funds Offered	Yes
App/Platform	YUEKAI Securities App, Guangdong Open Flush Version, Yuekai Option etc
Promotion	Yes

YUEKAI Securities Information

　　YUEKAI Securities offers a wide range of tradable securities and services, including margin trading, with competitive commissions as low as 0.0341‰.

　　They provide a user-friendly mobile trading platform and comprehensive educational resources. While their focus is primarily on domestic securities, they have limited access to international markets. YUEKAI Securities is regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with industry standards.

Pros and Cons

　　YUEKAI Securities offers competitive fees for margin trading, making it an attractive option for investors looking to leverage their investments. The low commission rates, as low as 0.0341‰, can significantly reduce trading costs, especially for high-volume traders. Additionally, the platform provides a user-friendly mobile trading app, enabling clients to conveniently access and manage their investments on the go. Furthermore, YUEKAI Securities offers a wide range of educational resources and accessible research reports, empowering investors with valuable insights and knowledge to make informed decisions.

　　However, YUEKAI Securities has limitations, notably its restricted access to international securities. This can be a drawback for investors seeking diversification beyond domestic markets. Another downside is that the official website is available only in Chinese, potentially limiting accessibility for non-Chinese-speaking investors.

Is YUEKAI Securities Safe？

• Regulations:

　　YUEKAI Securities holds one securities license issued by the China Securities Regulatory Commission (CSRC), indicating its compliance with regulatory standards in the securities trading sector. The license, known as the China Securities Trading License, underscores the firm's authorization to engage in securities trading activities within the regulatory framework established by the CSRC.


• Funds Safety:

　　The customer's account balance in YUEKAI Securities is insured. The China Securities Investor Protection Fund Corporation (SIPF) provides insurance coverage for securities and futures trading accounts. The coverage amount for each eligible customer is up to 500,000 RMB (approximately $78,000 USD) for securities and 100,000 RMB (approximately $15,600 USD) for futures.

• Safety Measures:

　　YUEKAI Securities employs rigorous security measures to safeguard user accounts and transactions. These include SSL encryption to protect data transmission, multi-factor authentication for login, and firewalls to prevent unauthorized access.

　　Additionally, regular security audits and monitoring systems are in place to detect and respond to any suspicious activities promptly. Client funds are kept separate from the company's operational funds, ensuring they remain secure even in the unlikely event of insolvency.

What are Securities to Trade with YUEKAI Securities？

　　YUEKAI Securities offers a wide range of tradable securities for investors. These include stocks, bonds, funds, and options.

　　Stocks: Clients can trade a wide array of stocks, including domestic and international listings, providing opportunities for portfolio diversification and exposure to different sectors and regions.

　　Bonds: Investors can access a selection of bonds, including government bonds, corporate bonds, and municipal bonds, offering fixed income opportunities with varying risk profiles.

　　Funds: YUEKAI Securities provides access to a variety of funds, including mutual funds, exchange-traded funds (ETFs), and index funds, allowing investors to gain exposure to diversified portfolios managed by professional fund managers.

　　Options: For more advanced traders, options trading is available, offering flexibility in investment strategies and the potential for enhanced returns.

• Services

　　YUEKAI Securities provides a wide range of services including: Wealth Management, Asset Management, Credit Transaction, Stock Options, Investment Bank.

　　Wealth Management: YUEKAI Securities acts as agents for clients in buying and selling securities, offering a range of financial services for credit transactions. Personalized investment advisory services serve clients' various risk and return preferences, enhancing their wealth management strategies.

　　Asset Management: With a dedicated business line, YUEKAI Securities manages assets entrusted by clients, focusing on preserving and increasing their value. Services include public and private collective asset management plans, single asset management, and special asset management, ensuring comprehensive asset management solutions.

　　Credit Transaction: YUEKAI Securities provides various credit trading services like margin trading and stock pledge repurchase. The company emphasizes quick response and efficient approval processes to serve customers effectively.

　　Stock Options: Offering stock option business services, YUEKAI Securities facilitates transactions between buyers and sellers, granting the right to buy or sell specific stocks or ETFs at agreed prices and times.

　　Investment Bank: YUEKAI Securities' investment banking arm specializes in IPOs, refinancing, mergers, acquisitions, and bond financing. It offers a full spectrum of investment services including equity and debt financing and financial consulting.



YUEKAI Securities Fees Review

• Commissions and Fees

　　Shanghai Market:

• Securities Transaction Handling Fee:0.0341‰ of transaction amount for A-share auction trading and other transactions.
• Options: 3 yuan per contract for stock contracts; 1.3 yuan per contract for ETF contracts.
• Settlement Fees: 0.45 yuan/contract for stock options trading; 0.9 yuan/contract for exercise.
• Securities Transaction Stamp Duty: 0.5‰ of transaction amount for A shares, depositary receipts, etc.

　　Shenzhen Market:

• Securities Transaction Handling Fee:0.0341‰ of transaction amount for A shares, depositary receipts, etc.
• Options: 1.3 yuan per contract for stock options contracts.
• Settlement Fees: 0.45 yuan/contract for stock options trading; 0.9 yuan/contract for exercise.
• Securities Transaction Stamp Duty: 0.5‰ of transaction amount for A shares, depositary receipts, etc.

　　Shanghai-Shenzhen-Hong Kong Stock Connect Beijing Stock Exchange Stock Transfer:

• Transaction Levy:0.027‰ of transaction amount for Hong Kong Stock Connect, and more.
• Settlement Fees: Varies based on the type of securities and the market.

　　The commission fees for YUEKAI Securities appear to be quite competitive compared to popular brokerage.



Fee Type	Amount (RMB)	Market
Securities Transaction Handling Fee (Shanghai)	0.0341‰ of transaction amount	Shanghai
Securities Transaction Handling Fee (Shenzhen)	0.0341‰ of transaction amount	Shenzhen
Options Handling Fee (Shanghai)	3 yuan per contract	Shanghai
Options Handling Fee (Shenzhen)	1.3 yuan per contract	Shenzhen
Settlement Fee (Shanghai)	0.45 yuan per contract	Shanghai
Settlement Fee (Shenzhen)	0.45 yuan per contract	Shenzhen
Securities Transaction Stamp Duty (Shanghai)	0.5‰ of transaction amount	Shanghai
Securities Transaction Stamp Duty (Shenzhen)	0.5‰ of transaction amount	Shenzhen
Transaction Levy (Stock Connect)	0.027‰ of transaction amount (HKD)	Shanghai-Shenzhen-Hong Kong
Settlement Fee (Stock Connect)	0.02‰ of transaction amount (HKD)	Shanghai-Shenzhen-Hong Kong

• Margin Interest Rate

　　YUEKAI Securities offers a Margin Trading Rate with a financing annual rate of 8.35%. Additionally, the annual interest rate for securities lending stands at 10.35%. These rates apply to clients engaging in margin trading activities.



YUEKAI Securities App Review

• App view

　　YUEKAI Securities App offers a range of trading functionalities including general trading, margin trading, and access to various markets such as the Hong Kong-Shenzhen Stock Connect and the Sci-Tech Innovation Board. Users can also perform online account activities like opening accounts, modifying personal information, and assessing risks.

　　The app provides real-time stock quotes, Dragon Tiger list, and block trading information. With a user-friendly interface, features like fingerprint login and cloud synchronization enhance user experience. Additionally, the app supports new functions like unfreezing new funds and displaying discount information of public funds, as well as the new registration system.

　　To download the app, users can access it through app stores or the official website.


• Trading platform

　　YUEKAI Securities offers several trading platforms accommodating various trading needs.

　　The “Guangdong Open Flush Version” provides a comprehensive suite of trading functionalities including general trading, margin trading, and access to multiple markets such as the Hong Kong-Shenzhen Stock Connect and the Science and Technology Innovation Board. It supports secure encryption methods and offers three login methods for user convenience, ensuring a robust trading experience. The platform also supports the new registration system, enhancing accessibility for users.



　　The “Guangdong Open Daxin Edition” platform facilitates ordinary trading, margin trading, and access to markets like the Hong Kong-Shenzhen Stock Connect and the Science and Technology Innovation Board. While it no longer supports stock option trading functions after October 2019, it remains a reliable option for various trading activities. With support for the new registration system, users can easily navigate through the platform and engage in their desired trading activities.



　　For those interested in options trading, YUEKAI Securities provides the “Yuekai Option” trading client, a professional software integrating high-speed market information and efficient entrustment. With a user-friendly interface and high-end strategies, it simplifies the complexities of options trading. Additionally, the “Yuekai Option APP” for Android devices offers convenience and accessibility for traders on the go, supporting Shanghai and Shenzhen options trading.



　　Furthermore, for investors looking to hone their trading skills, YUEKAI Securities offers the “Yuekai Option Treasure,” a simulated trading platform provides a realistic trading experience. Investors can utilize this platform to simulate market conditions and transactions, thereby preparing themselves for formal option trading with confidence. With features like custom serial numbers and Greek letter amount fields, it provides a comprehensive learning environment for aspiring traders.

Research & Education

　　YUEKAI Securities offers a wide array of educational resources and research reports to assist investors in making informed decisions.

　　Their Guangdong Open Research platform provides insights into macroeconomics, industry trends, company analysis, and strategic research.

　　Additionally, they offer investment education through platforms like Investment Education Express and Pocket Finance, covering topics ranging from financial news to classic financial stories. The Guangdong Open University provides further education on securities knowledge and financial development history.

　　Furthermore, they conduct various investor education activities and provide risk education to ensure investors understand the market dynamics and protect their interests.



Customer Service

　　YUEKAI Securities provides robust customer support through various channels.

　　Clients can reach them via phone at 95564 for consultations and complaints.

　　Additionally, they can emailhjzx@ykzq.comfor inquiries.

　　The service is available during standard business hours. The company's office is located at Floor 19, 22, 23, Development Zone Holding Center, No. 60, Science Avenue, Huangpu District, Guangzhou, with a postal code of 516003.



Conclusion

　　In conclusion, YUEKAI Securities boasts competitive trading fees, low account-related charges, and a user-friendly mobile platform. Its wide range of educational resources and accessible research reports add value. However, limitations exist, such as the platform's focus on domestic securities and its Chinese-only website.

　　YUEKAI Securities suits investors seeking low-cost trading with access to Chinese securities, especially those comfortable with Mandarin and primarily interested in domestic markets rather than international diversification.

FAQs

• Is it safe to trade on YUEKAI Securities？
• YUEKAI Securities is regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with industry standards and providing a level of security for traders.
• Is YUEKAI Securities a good platform for beginners？
• Yes, YUEKAI Securities offers a user-friendly mobile trading platform and a wide range of educational resources, making it suitable for beginners to start their trading journey.
• Is YUEKAI Securities legit？
• Yes, YUEKAI Securities is a legitimate brokerage firm regulated by the CSRC, ensuring transparency and compliance with regulatory standards.
• Is YUEKAI Securities good for investing/retirement？
• YUEKAI Securities offers a variety of investment options and resources, making it suitable for long-term investing and retirement planning. However, investors should conduct thorough research and consider their financial goals before making any investment decisions.

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.