Wellfull

Wellfull Securities
WikiStock Rating	⭐⭐⭐
Account Minimum	N/A
Trading Fees	Brokerage fees range from 0.25% to 0.5%
Account Related Fees	Custody Fee $300 annuallyNominee Registration Transfer: $/￥3.5 per lot, $/￥2.5 per lot for 100 lots or aboveCollection of dividends／Script dividends／Receipt of Bonus Issue: 0.5% on amount collectedCorporate actions (Right Issues／Cash Offer／Privatization／Warrants）: $/￥2 per lot for new shareCorporate actions services charges : $/￥3.5 per lot, $/￥2.5 per lot for 100 lots or above
Interests on Uninvested Cash	No
Margin Interest Rates	N/A
Mutual Funds Offered	No
App/Platform	No mobile trading platform available, online h5 trading platform provided
Promotion	N/A

Wellfull Information

　　Wellfull Securities, based in Hong Kong with over 15-20 years of operation, offers services centered on trading Hong Kong stocks. Regulated by the Securities and Futures Commission (SFC) with a Securities Trading License, it ensures compliance with regulatory standards.

　　The firm provides real-time market data through AAstocks and collaborates with the Hong Kong Stock Exchange (HKEX) for market information. They charge brokerage fees of 0.25% to 0.5% per transaction.

Pros and Cons

　　Wellfull Securities benefits from being regulated by the Securities and Futures Commission (SFC) with a Securities Trading License, ensuring adherence to stringent regulatory standards. This regulatory oversight provides investors with confidence in the platform's reliability and compliance with industry guidelines, enhancing trust and security in trading activities. Additionally, Wellfull collaborates with the Hong Kong Stock Exchange (HKEX) to deliver various market information, empowering users with up-to-date insights crucial for informed investment decisions. The provision of real-time market data through AAstocks further enhances the trading experience, offering users timely updates on stock prices and market movements.

　　On the downside, Wellfull Securities lacks a mobile trading platform, which inconveniences users who prefer trading on-the-go or need flexibility in managing their investments from mobile devices. Moreover, the brokerage fees ranging from 0.25% to 0.5% are relatively high compared to some competitors, potentially impacting overall trading costs for investors. While Wellfull focuses primarily on Hong Kong stocks, the limited range of tradable securities restricts diversification opportunities for investors seeking exposure beyond the Hong Kong market.

Is Wellfull Safe？

• 　　Regulations:

　　Wellfull is regulated by the Securities and Futures Commission (SFC) and holds a Securities Trading License under License No. ABH544. This license authorizes Wellfull to conduct securities trading activities in compliance with the regulatory standards set forth by the SFC.



• 　　Funds Safety:

　　Wellfull Securities does not provide explicit information about account balance insurance on its platform.

• 　　Safety Measures:

　　Wellfull Securities implements encryption protocols to protect sensitive data during transmission and storage, ensuring data integrity and confidentiality. Additionally, the platform employs multi-factor authentication (MFA) to enhance login security, requiring users to verify their identity through multiple methods.

What are Securities to Trade with Wellfull？

　　Wellfull Securities offers Hong Kong stocks as the primary tradable securities on its platform.

　　Investors can access a variety of stocks listed on the Hong Kong Stock Exchange (HKEX), enabling them to buy and sell shares in companies listed in one of Asia's leading financial markets. Hong Kong stocks provide investors with various opportunities across various sectors, including finance, technology, and consumer goods.

Wellfull Accounts

　　Wellfull Securities offers different types of accounts tailored to meet the needs of various investors and entities.

　　Individual and Joint accounts are suitable for personal investors looking to trade stocks independently or jointly with others. These accounts typically require personal identification documents such as a HK ID card or passport, along with proof of address. They provide individual investors with the flexibility to manage their investments directly through the brokerage's platform.

　　For businesses and partnerships, Wellfull Securities offers Sole Proprietor and Partnership accounts. These account types serve entrepreneurs and small business owners who wish to trade securities under their business entity. Requirements include a certified Business Registration Certificate in addition to personal identification and proof of address documents. These accounts enable business entities to access stock trading services while maintaining regulatory compliance.

　　Corporate accounts are designed for larger organizations and companies. They require a set of documents including the Business Registration Certificate, Articles of Association, Annual Return, Certificate of Incorporation, and identification details for directors and authorized persons.



Wellfull Fees Review

• 　　Commissions and Fees

　　Brokerage Fee:

　　Wellfull Securities charges a brokerage fee ranging from 0.25% to 0.5% of the transaction amount, with a minimum fee of HK$/CNY￥100 per transaction.

　　Transaction Levy:

　　A transaction levy of 0.0027% of the transaction amount is collected by the Securities and Futures Commission (SFC) on all trades executed. This levy is a regulatory fee aimed at supporting the operations of the SFC in overseeing the securities market.

　　Trading Levy:

　　Wellfull also imposes a trading levy of 0.00565% of the transaction amount, which is collected by the Hong Kong Exchanges and Clearing Limited (HKEx). This levy contributes to the maintenance and development of the exchange infrastructure.

　　Settlement Fee:

　　For settlement services, Wellfull charges a fee of 0.006% of the transaction amount, with a minimum charge of HK$/CNY￥3.5 per transaction. This fee covers the costs associated with processing and finalizing transactions.

　　Stamp Duty:

　　Stamp duty is levied at a rate of 0.1% on the gross consideration of the transaction amount. This fee is rounded up to the nearest dollar and collected by the Hong Kong Special Administrative Region (HKSAR) government.

　　When compared to other popular brokers, Wellfull's brokerage fee structure are relatively high.

Trade-related Services	Charge	Minimum	Remarks
Brokerage Fee	0.25% – 0.5%	$/￥100	Direct inquiries to account executive
Transaction Levy (SFC)	0.0027% of transaction amount	–
Trading Levy (HKEx)	0.00565% of transaction amount	–
AFRC Transaction Levy	0.0015% of transaction amount	–
Settlement Fee	0.006% of transaction amount	$3.5
Stamp Duty (HKSAR)	0.1% on gross consideration (rounded up)	–
Settlement-Related Service
Physical Scrip Service	Free	–	Stock Custody Fee
Transfer Deed Stamp Duty	$/￥5 for each transfer deed	–	For shares traded for the 1st time
Withdrawal Fee	$/￥5 per lot	$/￥30	Through CCASS
Deposit / Withdrawal Instruction (SI)	0.002% of transaction amount + $/￥30	–
Deposit / Withdrawal Instruction (ISI)	$/￥30	–
Nominee Service & Corporate Action
Nominee Registration transfer	$$/￥3.5 per lot,$$/￥2.5 per lot for 100 lots or above	$/￥30	For shares in HKSCC custody
Collection of dividends / Script dividends / Receipt of Bonus Issue	0.5% on amount collected	$/￥30
Corporate actions (Right Issues / Cash Offer / Privatization / Warrants)	$/￥2 per lot for new share	$/￥30	Not including AVD fee
Corporate actions services charges (Warrants / Right Issue)	$$/￥3.5 per lot,$$/￥2.5 per lot for 100 lots or above	$/￥30
Share Consolidation / Splitting	$/￥30 per transaction	–
Other Services
Unclaimed Benefit Entitlement	$/￥600 each	–
EIPO	$/￥60	–
Registration by Register	$/￥5 per lot	$$/￥30,$$/￥100	Other services for registered share
Reissue of Cheque	$/￥200	–
Reissue of Statement	$/￥100	–
Late charge fee	$/￥300 + interest	Prime rate + 9%
Buy in charge fee	$/￥100 + 0.5% of market value at closing on settlement day	–	Not including AVD fee
Multi counter eligible securities transfer fee	$30	–	For transfer between stock codes
Custody Fee	$300 annually	–	Yearly fee for custody services



Wellfull Trading Platform Review

　　Wellfull Securities offers an online trading platform providing users with a convenient online portal for securities trading. This platform supports transactions and real-time market monitoring. However, Wellfull currently does not provide a mobile app, limiting access for users preferring mobile-based trading.

　　Wellfull utilizes AAstocks' Internet Quote platform to offer users free access to real-time market quotations.



Research & Education

　　Wellfull Securities provides educational resources primarily through news updates and market insights.

　　These include articles and opinions on topics such as technology sector valuations, economic indicators, and corporate developments. These resources inform investors about current market trends and potential investment opportunities.



Customer Service

　　Wellfull offers responsible customer support to assist users with their trading and settlement needs. They can be reached via phone at (852) 2721 0395 for trading inquiries and (852) 2721 0396 for additional support.

　　For settlement-related queries, customers can contact them at (852) 2367 0028.



Conclusion

　　In conclusion, Wellfull Securities offers a wide array of trade-related services primarily tailored for investors interested in Hong Kong stocks. Regulated by the Securities and Futures Commission (SFC), it ensures compliance and reliability. The platform's strengths lie in its partnership with HKEx for market data and real-time information through AAstocks. However, the absence of a mobile trading app and relatively higher brokerage fees are limitations for active traders seeking flexibility and lower costs.

　　Wellfull Securities is suitable for investors looking to trade Hong Kong stocks within a regulated environment, emphasizing reliability and access to essential market information.

FAQs

• 　　Is it safe to trade on Wellfull Securities？

• 　　Wellfull Securities is regulated by the Securities and Futures Commission (SFC), ensuring adherence to strict regulatory standards, which enhances the safety of trading activities.

• 　　Is Wellfull Securities a good platform for beginners？

• 　　Yes, Wellfull Securities offers accessible customer support and basic educational resources, making it suitable for beginners looking to start trading Hong Kong stocks.

• 　　Is Wellfull Securities legit？

• 　　Yes, Wellfull Securities is a legitimate brokerage firm operating under the authority of the Securities and Futures Commission (SFC) with a Securities Trading License.

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.