Shun Loong Securities

Shun Loong Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	No Requirements
Fees	0.25% of transaction amount of commission
Account Fees	Free for opening account
Interests on uninvested cash	N/A
Margin Interest Rates	7% to 10% annually depending on the amount
Mutual Funds Offered	Yes
App/Platform	SLSCL
Promotions	Account opening bonuses and trading fee discounts

Shun Loong Securities Information

　　Shun Loong Securities, established in 1995, is a Hong Kong-based brokerage firm that offers a range of financial services including securities trading and investment advisory. It operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) . The firm has a significant history in the financial sector but has faced challenges such as regulatory fines for compliance issues. Shun Loong Securities is a reputable player in the Hong Kong securities market.

Pros and Cons of Shun Loong Securities

Pros

• 　　Comprehensive Service Offerings:

• 　　Shun Loong Securities provides a wide range of services, including securities trading, margin financing, and investment advisory, catering to both individual and institutional investors.

• 　　Promotional Incentives:

• 　　They frequently offer attractive promotions such as account opening bonuses, trading fee discounts, and referral rewards, which can be beneficial for new and existing clients.

• 　　Strong Regulatory Oversight:

• 　　The firm is regulated by the Hong Kong Securities and Futures Commission (SFC), ensuring adherence to strict financial regulations and standards.

• 　　Established Reputation:

• 　　With a long history in the financial sector since 1995, Shun Loong has built a reputable brand in Hong Kongs securities market.

Cons

• 　　High Fees and Charges:

• 　　The brokerage fees and account maintenance charges like 10% of transaction amount for stump duty, which are higher compared to other brokers and can increase overall trading costs .

• 　　Complex Platform:

• 　　The trading platform can be complex and less user-friendly, which might pose challenges for beginners and casual investors.

• 　　Customer Support Issues:

• 　　There have been complaints about the responsiveness and efficiency of their customer support, which can be problematic when dealing with urgent trading issues .

• 　　Limited Interest on Cash Balances:

• 　　Shun Loong Securities does not offer interest on uninvested cash, which means that idle funds in the brokerage account do not earn any return.

Is Shun Loong Securities Safe？

　　Regulations

　　Shun Loong Securities operates under stringent regulations established by the Securities and Futures Commission (SFC) in Hong Kong, ensuring compliance with national financial laws and industry standards.



　　Safety Measures

　　Shun Loong Securities implements several safety measures to ensure the security of client funds:

• 　　Client Fund Segregation: Client assets are held in separate accounts, distinct from the firm's operational funds, reducing the risk of misuse or loss.

• 　　Investor Compensation Fund: Clients are covered by the Investor Compensation Fund, which provides compensation in case of brokerage failure.

What are securities to trade with Shun Loong Securities？

　　Shun Loong Securities offers a broad range of securities for trading, making it a versatile choice for investors. Here's a breakdown of the types of securities available:

• 　　Equities:

• 　　Stocks: Clients can trade a variety of stocks listed on major exchanges like the Hong Kong Stock Exchange (HKEX), NYSE, and NASDAQ.

• 　　Exchange-Traded Funds (ETFs): Shun Loong provides access to a wide array of ETFs, which offer diversified exposure to different sectors, commodities, and markets.

• 　　Fixed Income:

• 　　Bonds: The brokerage offers trading in government and corporate bonds, providing options for investors seeking more stable, interest-bearing securities.

• 　　Derivatives:

• 　　Options and Futures: Clients can trade various options and futures contracts, which are useful for hedging or speculative purposes.

• 　　Mutual Funds:

• 　　A selection of mutual funds is available, allowing clients to invest in managed portfolios of stocks, bonds, and other assets.

• 　　Foreign Exchange (Forex):

• 　　Shun Loong offers trading in various currency pairs, catering to investors interested in the forex market.

• 　　Initial Public Offerings (IPOs):

• 　　The firm facilitates participation in IPOs, providing opportunities to invest in new listings before they start trading on the open market.

　　Shun Loong Securities provides a comprehensive suite of investment options suitable for diverse trading strategies and risk appetites.



Shun Loong Securities Fees Review

　　Shun Loong Securities charges various fees for its services, satisfying different types of trading and account management. Heres a breakdown of the key fees:

• 　　Trading Fees:

• 　　Stocks and ETFs: Typically, Shun Loong Securities charges a commission fee based on a percentage of the transaction value, which is around 0.25% to 0.5% per trade, depending on the market and the type of security.

• 　　Options and Futures: These usually involve a flat fee per contract, plus exchange and regulatory fees. The exact amounts can vary.

• 　　Stump Duty: Collected by the HKSAR Government for 10% of transaction amount.

• 　　Margin Interest Rates:

• 　　Margin accounts attract interest rates, which can range from 7% to 10% annually, depending on the amount borrowed and the account type. These rates are competitive but can accumulate significant costs if large sums are borrowed.

• 　　IPO Fees:

• 　　Participating in IPOs through Shun Loong Securities involves additional fees, often HKD 150.00 handling charge.

• 　　Withdrawal and Transfer Fees:

• 　　Fees for transferring securities or cash out of the account can vary, typically ranging from HK$50 to HK$1000 per transaction, depending on the method and destination.



Shun Loong Securities App Review

　　This mobile trading app of Shun Loong Securities offers iPhone and Android versions for customers selection, you simply go to the App Store or Google play and search for 順隆證券 or SLSCL to download the mobile trading app. If you already have a SLSCL's online trading account, you can login the mobile trading app with your existing user name and password to instantly check your balances and select various stock trading related instructions.



Research and Education

　　Shun Loong Securities provides investors with educational resources such as:

• 　　Real-time Stock Quotes:

• 　　As a securities firm, Shunlong Securities offers real-time stock quotes to enable investors to stay updated on market movements and individual stock price changes.

• 　　These quotes typically include information such as stock codes, current prices, percentage changes, opening prices, highs, lows, and other relevant data.

• 　　Local and Global Index Information:

• 　　Shunlong Securities would provide information on major stock indices, both locally (e.g., the Hang Seng Index in Hong Kong) and globally (e.g., the Dow Jones Industrial Average, NASDAQ Composite, Nikkei 225, etc.).

• 　　This index information includes real-time prices, percentage changes, trading volumes, and related analysis and interpretations.

• 　　Financial News:

• 　　Shunlong Securities offers comprehensive financial news coverage, encompassing significant economic events, policy changes, corporate earnings, and other relevant news from both domestic and international sources.

• 　　This news content helps investors stay informed about market dynamics, identify investment opportunities, and mitigate risks.



Customer Service

　　Shun Loong Securities provides several channels for traders to contact them, including:

　　Address: 1801, 18/F, Lee Garden Five, 18 Hysan Avenue, Causeway Bay, Hong Kong. The business hours are from 9:00am to 6:00pm on weekdays and are closed on Saturday, Sunday and public holiday.

　　Tel: 2509 7333

　　Fax: 2509 7373

　　Email: info@shunloongsec.com



Conclusion

　　Shun Loong Securities is a professional financial service provider that leverages its profound experience and extensive resources in the financial market to offer a stable and efficient investment platform for global Chinese investors. Shun Loong Securities also offers a diversified range of investment products to satisfy the needs of different investors.

　　However, the relatively high investment threshold and associated risks are factors that investors need to consider when making a choice. Therefore, Shun Loong Securities is more suitable for investors with certain investment experience who are seeking high returns and are willing to take on certain market risks.

FAQs

　　Is Shun Loong Securities safe to trade？

　　Shun Loong Securities is a legitimate and registered company in Hong Kong, established in 1995. It is a legal and protected company.

　　Is Shun Loong Securities a good platform for beginners？

　　Shun Loong Securities is a professional platform offering advanced services and products. Due to its investment threshold, risk profile, and advanced services, it may not be the most suitable platform for absolute beginners in investing.

　　Is Shun Loong Securities good for investing/retirement？

　　Shun Loong Securities is a well-established financial services company with a good reputation. It provides a range of investment services but may not have specialized retirement planning products or services. For retirement investing, a more conservative approach may be advisable.

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.