Everbright Securities International (“EBSI”), a leading wealth management institution, is a subsidiary and an international business platform of Everbright Securities Company Limited (“Everbright Securities”, SSE: 601788, HKEX: 6178), EBSI is engaged in five key businesses: Wealth Management, Corporate Finance & Capital Markets, Institutional Business, Asset Management, and Investment & Financing. With offices established in Hong Kong, Macau and the U.K., EBSI provides all-round financial services to individuals, corporations and institutions.
What is EBSI?
Everbright Securities International (EBSI), a distinguished subsidiary of the Fortune Global 500 company Everbright Securities Company Limited, holds a prominent position as a leading financial services provider in the Asian market. With a legacy dating back to 1996, EBSI has steadily expanded its reach across key regions, including Hong Kong, Macau, Mainland China, and the United Kingdom.
EBSI offers a competitive and extensive trading experience with a diverse range of asset classes, competitive fees, and user-friendly platforms for both novice and experienced investors.
Pros and Cons of EBSI
EBSI stands out for its extensive array of financial products and services. From equities across multiple markets to diverse bond offerings, ETFs, futures, options, and forex. Competitive trading fees and margin rates further enhance its appeal and the availability of both user-friendly and advanced trading platforms ensures accessibility for beginners and seasoned investors alike. Additionally, EBSI's commitment to investor education is evident through its extensive research and educational resources, while 24/7 customer service offers timely assistance through various channels.
However, EBSI's limitations become apparent in its cryptocurrency offerings, which are relatively restricted compared to other platforms. This may not align with the preferences of investors seeking extensive exposure to the cryptocurrency market. Furthermore, the sheer breadth and depth of EBSI's products and services could overwhelm newcomers to the investment landscape.
Is EBSI safe?
Regulations
EBSI is officially licensed and regulated by The Securities and Futures Commission (SFC) in Hong Kong under license numbers AYE648, AAW536, AAI430, AAC483, AAC153 for a wide range of business activities.
Funds Safety
EBSI adheres to strict regulatory guidelines by segregating client assets from the company's own funds. This means that client funds are held in separate accounts with custodian banks, ensuring their protection even in the unlikely event of EBSI's financial difficulties.
Safety Measures
EBSI utilizes advanced encryption technology to protect sensitive client data during internet transmissions, ensuring personal and financial information remains confidential and secure from unauthorized access. Additionally, EBSI implements two-factor authentication (2FA) as an extra layer of security for account logins and trade executions, further safeguarding client accounts. The brokerage also regularly monitors its systems for potential vulnerabilities and performs timely updates to maintain the security and integrity of its trading environment.
What are securities to trade with EBSI?
EBSI offers a variety of trading instruments, including stocks, bonds, ETFs, annuities, futures, and options. However, the broker does not provide trading in annuities.
Stocks: EBSI's equity offerings span various markets. Investors can access Hong Kong stocks from both the Main Board and GEM, capturing established and emerging companies. U.S. stocks on NYSE and NASDAQ offer exposure to global giants, while A-shares through Stock Connect programs provide access to mainland Chinese equities. EBSI also provides access to IPOs.
Mutual Funds: EBSI offers a vast selection of over 1,700 mutual funds from nearly 40 globally renowned fund houses, catering to a wide range of investor preferences and risk tolerances. EBSI's team of professional wealth managers provides personalized mutual fund investment portfolio recommendations.
Bonds: The bond market at EBSI is diverse. Investors can trade in Hong Kong and Mainland China bonds, participating in both local and the world's second-largest debt market. Corporate and government bonds from various regions further diversify fixed-income opportunities.
ETFs: EBSI also offers a broad selection of exchange-traded funds (ETFs). Hong Kong ETFs track local indices and sectors, while U.S. ETFs offer exposure to various American asset classes. Global ETFs broaden choices further, allowing participation in international markets.
Futures: EBSI provides various futures contracts. Investors can speculate on Hong Kong indices (Hang Seng, H-shares) and Mainland China indices (CSI 300, SSE 50).
Options: Traders can explore Hong Kong stock, U.S. stock, and index options on EBSI. These contracts enable hedging, income generation, or price speculation strategies.
Forex: EBSI caters to forex traders with a wide currency pair selection. Major pairs (USD/JPY, EUR/USD, GBP/USD), minor pairs (AUD/USD, NZD/USD), and emerging market pairs (USD/CNH, USD/HKD) are available for various trading strategies.
EBSI Accounts
EBSI offers several account types to cater to diverse investor needs and preferences:
Individual Cash Account: This is a basic account suitable for investors who want to trade with settled funds.
Individual Margin Account: This account allows investors to borrow funds from EBSI to leverage their positions, potentially amplifying gains but also increasing risk.
Joint Account: This account allows two or more individuals to jointly manage their investments and share trading privileges.
Corporate Cash Account: Designed for corporations and institutions, this account offers specialized services and trading features.
Corporate Margin Account: Corporate investors can utilize EBSI's margin account to leverage their investments, increasing potential gains but also heightening associated risks.
EBSI Fees Review
Currently, no minimum deposit is required for EBSI'S online trading customers. Different deposit minimums may apply for a fully serviced account.
Trading Hong Kong stocks on EBSI incurs a basic commission of 0.25% on the gross amount, with a minimum charge of HKD 100. Pre-IPO investing commissions are slightly higher at 0.375%. Additional government fees like a 0.10% stamp duty, 0.0027% SFC transaction levy, and 0.00565% HKEX trading fee also apply. Margin financing interest is calculated as the 3-month HIBOR rate plus 3% per annum.
Accessing mainland China's A-shares through Stock Connect involves a 0.25% commission on the gross amount with a minimum of RMB 100. A-shares also incur a handling fee of 0.00341% of the consideration, a securities management fee of 0.002%, and transfer fees. ETFs have different fee structures, with a 0.004% handling fee and no securities management fee. Both A-shares and ETFs are subject to a 0.002% HKSCC transfer fee.
For U.S. shares, commissions range from 0.02% to 0.03% per share, depending on the order size, with a minimum of USD 15. Australian shares incur a 0.50%-1.50% commission with a minimum of AUD 150.
EBSI's mutual fund fees are not explicitly detailed in this document, but it mentions front-end, redemption, and management fees, which are disclosed in the fund's prospectus.
Bond trading at EBSI involves a custody fee of 0.05% per annum on the total market value of bond holdings, charged semi-annually with a maximum of HKD 2,500. Additional fees apply for scripless transfers (USD 50 per bond) and DvP transfers (USD 70 per transaction).
Hong Kong futures trading on EBSI's Futures Trader Pro platform incurs commissions ranging from HKD 15 to HKD 300 per lot per side, depending on the contract type and whether it's a day trade or overnight trade. Options trading commissions are 1% of the contract value, with minimum and maximum charges specified for different options.
EBSI App Review
EBSI provides a suite of trading platforms to cater to different investor preferences and trading styles:
HK Shares
eMO! Free App: EBSI's eMO! Free App caters to both Hong Kong and U.S. stock traders, providing real-time stock quotes, charts, and financial news. It features a user-friendly interface, one-click order placement, and portfolio management tools. With this app, investors can conveniently track their investments and execute trades on the go.
eMO! (AAStocks): Specifically designed for A-shares trading, eMO! (AAStocks) offers real-time quotes, in-depth stock analysis, and personalized watchlists. It streamlines the process of trading A-shares, making it accessible to both seasoned investors and those new to the mainland Chinese market.
HK Trader Pro (SC): This platform focuses on Stock Connect trading, providing access to both Hong Kong and Shanghai/Shenzhen stocks. HK Trader Pro (SC) offers advanced charting tools, technical analysis features, and real-time market news, enabling investors to make informed decisions and execute trades cohesively within the Stock Connect framework.
Futures
Futures Trader Pro: The Futures Trader Pro platform, available as a free trial and a full version, is tailored for futures trading. It offers a various suite of tools, including advanced charting, technical indicators, and market depth analysis. Users can also access real-time market data and news, empowering them to develop effective futures trading strategies.
Mobile Futures Trading: EBSI's Mobile Futures Trading app extends the capabilities of Futures Trader Pro to mobile devices. It allows users to monitor markets, analyze charts, and execute futures trades conveniently from their smartphones or tablets, ensuring they never miss a trading opportunity.
Stock Options
Stock Options Trader Pro & Mobile Stock Options Trading: Designed for options traders, Stock Options Trader Pro (desktop) and Mobile Stock Options Trading (mobile app) offer specialized tools and features. These platforms provide options chains, strategy builders, risk analysis tools, and real-time market data, enabling investors to develop and execute sophisticated options trading strategies.
US Share
US Trader II: Catering to U.S. stock traders, US Trader II is a extensive platform offering advanced charting, technical analysis tools, and real-time market data from U.S. exchanges. It also provides access to research reports and news, empowering investors to make informed decisions regarding U.S. equities.
Forex
MT4: MT4, a widely used forex trading platform, is also available through EBSI. It provides a diverse suite of tools for technical analysis, charting, and automated trading. MT4's flexibility and extensive customizability make it a popular choice for forex traders of all levels.
Research and Education
EBSI recognizes the importance of informed decision-making and offers a wealth of research and educational resources to empower investors:
Market News: This resource includes market overview, IPO news, market calendar, etc.
Market Insights: The company's research team provides in-depth analysis and insights on various asset classes, including equities, bonds, commodities, and currencies. These reports cover market trends, company analysis, and investment strategies.
FAQs: EBSI offers a FAQ section to answer questions about account, trading, product and services.
Demos: EBSI also provides operating instructions for the trading platform, including documents and videos, to help customers get started more easily.
Customer Service
EBSI is dedicated to providing exceptional customer service and support. They offer round-the-clock assistance through various channels to cater to diverse client needs. For immediate assistance, clients can reach out via their dedicated customer service hotline at +852 2822 5001. Non-urgent inquiries and detailed questions can be addressed via email at cs@ebshk.com. Additionally, EBSI maintains a physical presence with branches in Hong Kong, Macau, and Mainland China, offering in-person support and face-to-face consultations for clients who prefer direct interaction.
Conclusion
Everbright Securities International (EBSI) emerges as a strong contender in the financial services industry, offering a diverse suite of products and services that cater to a various clientele. Its competitive fees, user-friendly platforms, and dedication to research and education make it a compelling choice for both novice and experienced investors. While its limited cryptocurrency offerings and potential complexity for new users may be drawbacks, EBSI's strengths in other areas make it a worthy consideration for those seeking an extensive investment platform.
FAQs
Q: Is EBSI a safe broker?
A: Yes, EBSI prioritizes client asset safety through segregated accounts and adheres to regulatory requirements for capital adequacy. Additionally, they employ robust security measures to protect client information and transactions.
Q: What is the fee structure for trading Hong Kong stocks with EBSI?
A: EBSI charges a commission of 0.25% on the gross transaction amount, with a minimum of HKD 100. Additional government fees, such as stamp duty, SFC transaction levy, and HKEX trading fees, also apply.
Q: How does EBSI handle the safekeeping of client assets?
A: EBSI prioritizes the safety of client assets by segregating them from the company's funds and holding them in separate accounts with custodian banks.
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.