泓福證券

Redford Securities
WikiStocks Rating	⭐⭐⭐
Fees	Commissions：0.25% per trade(Minimum:HK $80)
Interests on uninvested cash	1.27%
Mutual Funds Offered	Yes
Platform/APP	Redford Securities APP/Online Trading Platform
Promotion	N/A

Redford Securities Information

　　Redford Securities is a notable brokerage firm, recognized for its competitive commission rate of 0.25% per trade with a minimum cost of HK $80, making it an attractive option for traders looking for low-cost investment opportunities.

　　The firm offers a user-friendly Redford Securities APP and an online trading platform, enhancing the trading experience with accessible and efficient tools. However, a potential downside is the relatively high interest rate of 1.27% on uninvested cash, which will be less appealing for investors holding significant idle funds.

Pros & Cons

　　Pros:

　　Redford Securities offers a broad range of tradable securities including stocks, bonds, and IPOs, meeting various investment preferences. The firm is regulated by the SFC, ensuring compliance with financial regulations and investor protection. It features a unique trading app, the Redford APP, enhancing user experience with its intuitive design. Established in 1997, Redford Securities brings a wealth of experience to its operations, benefiting its clients with long-standing industry expertise.

　　Cons:

　　The brokerage imposes high commissions, charging HK$100 per trade, which deters frequent traders due to the higher cost. There is a notable concern as the firm is suspected of not continuing operations, raising questions about its current operational status. Additionally, the platform lacks educational and analytical tools, which could hinder less experienced investors from making informed decisions. It also does not offer diverse account options, limiting flexibility for different trading strategies and needs.

Is Redford Securities Safe？

　　When assessing the safety of Redford Securities, it is essential to consider three fundamental aspects:

　　Regulations:

　　Redford Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong under license number ALS733. The SFC is a respected and independent regulatory body established in 1989 to oversee and enforce the integrity of Hong Kong's securities and futures markets.

　　Funds Safety:

　　Redford Securities is regulated by the SFC typically implies certain safeguards. These include requirements for the segregation of client funds from company funds, ensuring that client assets are protected against misuse or misappropriation by the brokerage itself. This segregation helps safeguard investors' assets in case the firm faces financial difficulties.

　　Safety Measures:

　　Redford Securities is expected to employ robust encryption technologies to secure the storage of funds and protect sensitive financial information. This would typically include measures to prevent unauthorized access to client accounts and ensure the confidentiality and integrity of user data.

What are securities to trade with Redford Securities？

　　Redford Securities has recently launched a new smartphone trading platform available for both Android and iPhone users. This modern platform is designed to enhance the trading experience, allowing clients to manage their investments on-the-go with ease and efficiency.

　　The firm offers a variety of tradable securities on the Hong Kong Exchanges and Clearing Limited, emphasizing a robust selection of stocks. Redford Securities has prioritized a secure and direct approach to stock trading by not offering margin services, aligning with their prudent and conservative operational style.

　　Additionally, Redford Securities offers the opportunity to invest in gold through ETFs, with specific tickers for different currencies: 3081.HK for Hong Kong Dollars, 83081.HK for Renminbi, and 9081.HK for US Dollars. This diversification allows investors to engage with gold investments in the currency of their choice, enhancing the flexibility and global accessibility of their investment portfolio.

　　The asset management department at Redford Securities, known as Hongtu Securities Research, serves as a think tank providing valuable market analysis and insights. This supports the firm's mission to deliver fast and accurate securities trading services, backed by substantial investment in trading system infrastructure to ensure client satisfaction and performance.

Redford Securities Fee Review

　　The fee structure for stock trading at Redford Securities includes a variety of brokerage commissions, government charges, and other service-related fees, outlined in detail below:

　　Brokerage Commissions:

• 　　Telephone Trading: 0.25% per transaction, with a minimum of HK$80.00. This rate is negotiable and excludes special service charges such as manual trading or transfer of bought & sold notes.

• 　　Online Trading: 0.15% per transaction, with a minimum of HK$60.00. This rate is also negotiable.

　　Government and Regulatory Charges:

• 　　Government Stamp Duty: 0.10%, rounded up to the nearest dollar.

• 　　Trading Fee (charged by HKEX): 0.00565%, rounded to the nearest cent.

• 　　Transaction Levy (collected by the SFC): 0.0027%, rounded to the nearest cent.

• 　　Central Clearing Fee: 0.004% per transaction, with a minimum of HK$2.00 and a maximum of HK$200.00.

• 　　AFRC Transaction Levy: 0.00015%, rounded to the nearest cent.

　　Interest in Late Settlements:

• 　　Late Settlement Interest: Charged at 11% per annum.

　　Other Service Charges:

• 　　Deposit Physical Shares: HK$5.00 per transfer paper stamp duty.

• 　　Withdraw Physical Shares: HK$5.00 per board lot, plus a handling fee of HK$50.00 per lot.

• 　　Payment of Dividends: Handling fee of 0.5% of the dividend amount, with a minimum of HK$30.00 and a maximum of HK$2,500.00.For U.S stock,the handling fee is 0.5% of the dividend amount, with a minimum of $4.00 and a maximum of $350.00.

• 　　Settlement Instruction/Investor Settlement Instruction: Fees waived for transferring in stocks; 0.004% of the market value for transferring out stocks, with a minimum of HK$50.00 and a maximum of HK$1,000.00.

• 　　Collection of Shares (including bonus shares): HK$2 per board lot, with a minimum fee of HK$30.

• 　　Exercising Rights and Obligations: HK$2.00 per board lot, with a minimum charge of HK$50.00.

• 　　Share Custody and eIPO: Exempt from fees.

• 　　Reprinting Statements: Free within 3 months; HK$30.00 per copy thereafter.

• 　　Remittance Fees: HK$200.00 per transaction for local bank transfers and HK$400.00 per transaction for telegraphic transfers.

Redford Securities Trading Platform Review

　　Redford Securities offers a sophisticated trading platform that attracts both traditional and modern traders. The platform is available through two primary channels:

• 　　Telephone Trading: This traditional method allows clients to place trades over the phone, providing a personal touch and the ability to receive immediate feedback and assistance from experienced brokers. This service is particularly valuable for traders who prefer a more hands-on approach or need quick decisions on their trades.

• 　　Online Trading Platform: Redford Securities also provides an online trading platform that supports efficient and fast stock trading. This platform is designed for ease of use and is equipped with various tools to help traders analyze the market, manage their portfolios, and execute trades quickly. The online platform is accessible from multiple devices, ensuring traders can manage their investments anytime and anywhere.



Customer Service

　　Redford Securities provides customer support from its office located at Room 1007, 10th Floor, Ryan Centre, 6-8 Harbour Road, Wan Chai, Hong Kong.

　　Clients can contact the support team by phone at (852) 3589-0909 or by fax at (852) 2866-6804 for any inquiries or assistance needed. Additionally, email support is available at info@redfordsec.com, offering an alternative and convenient method for clients to reach out with questions or for further information regarding their trading needs.



Conclusion

　　In conclusion, Redford Securities offers a well-rounded trading experience through its accessible online and telephone trading platforms, complemented by a robust customer support system.

　　Based in Wan Chai, Hong Kong, the firm provides multiple channels for customer communication, including phone, fax, and email, ensuring responsive and versatile client service.

FAQs

• 　　What trading platforms does Redford Securities offer？

• 　　Redford Securities provides both telephone trading and an online trading platform for executing trades.

• 　　How can I contact Redford Securities for support？

• 　　You can contact them via phone at (852) 3589-0909, fax at (852) 2866-6804, or email at info@redfordsec.com.

• 　　Where is Redford Securities located？

• 　　The office is located at Room 1007, 10th Floor, Ryan Centre, 6-8 Harbour Road, Wan Chai, Hong Kong.

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.