Bloomyears

Bloomyears
WikiStock Rating	⭐⭐⭐
Fees	0.25% of transaction amount via or negotiable
Account Fees	HKD $5 for each transfer deed
Mutual Funds Offered	No
App/Platform	AyersGTS Web 2.0 and mobile app
Promotions	Not available yet

What is Bloomyears？

　　Bloomyears Limited, which is an intermediary registered in Hong Kong and holds a license from the Securities and Futures Commission (SFC). The company provides a wide range of professional services, including but not limited to securities trading, share transfer and custody, nominee services , share subscription services, telephone quotation services, and telephone account inquiry services. Founded in 1990, the company specializes in securities trading services and has successfully built a solid customer base with its rich experience and dedicated service. To keep pace with technological advancements, the company has adopted the third-generation Automated Trading System (ATS) and multi-workstation system provided by the Stock Exchange of Hong Kong.

Pros and Cons of Bloomyears

Pros

• 　　Comprehensive Professional Services: Bloomyears Limited offers a wide range of professional services, including but not limited to securities trading, share transfer and custody, nominee services, etc., satisfying to various financial needs of clients.

• 　　Advanced Technological Application: The company has adopted advanced automated trading systems and introduced a one-stop online trading platform, providing clients with convenient and comprehensive electronic trading services.

• 　　Stable Customer Base: With its rich experience and dedicated service, Bloomyears Limited has successfully built a solid customer base, reflecting its good reputation and competitiveness in the market.

• 　　Licensed and Regulated: Holding a securities trading license, Bloomyears Limited is recognized and supervised by relevant regulatory authorities, providing clients with a certain degree of assurance.

Cons

• 　　Unclear Promotion and Discount Information: The company does not mention any specific promotions or discount policies, which may lack direct incentives for potential clients.

• 　　Unstated Account Minimum and Margin Interest Rate: The information does not provide details on the company's account minimum requirement and margin interest rate, which are important factors for investors to consider when making decisions.

• 　　Lack of Educational Resources: The lack of dedicated educational resources is considered a disadvantage for Bloomyears Limited, especially for investors who are new to the financial markets or seeking to enhance their knowledge and skills.

Is Bloomyears safe？

　　Regulations

　　Bloomyears (AAK877) holds a license for securities trading, which has been valid since April 1, 2003, and remains so to this day. Additionally, the company previously held licenses for advising on securities, advising on corporate finance, and providing asset management services, but the specific validity periods of these licenses expired after November 17, 2004.



　　Safety Measures

　　With regards to the safety measures implemented by Bloomyears Limited in ensuring funds security, here's a summary of it:

• 　　Enhanced Password Protection:

• 　　Bloomyears Limited enforces strict password policies, requiring regular password changes and complexity requirements to mitigate the risk of password compromise.

• 　　Two-factor authentication or other advanced security measures are implemented to strengthen account login security.

• 　　Secure Network Environment:

• 　　Network firewalls and intrusion detection systems are strengthened to prevent hacker attacks and unauthorized access.

• 　　Technologies are employed to distinguish legitimate users from illegitimate ones, ensuring only authorized users can access the system.

• 　　Enhanced Transaction Monitoring and Risk Assessment:

• 　　Large or risky transactions may be subject to enhanced monitoring and evaluation to detect abnormal trading patterns.

• 　　Regular risk assessments are conducted on trading patterns to ensure client funds remain secure.

• 　　Real-time Fund Monitoring and Alert System:

• 　　A real-time fund monitoring system is established to allow clients to keep track of their account movements.

• 　　When suspicious trading patterns are detected, immediate alerts are sent to clients, providing timely solutions.

• 　　Dedicated Security Team:

• 　　A professional security team is assembled to handle information security matters and promptly respond to various network security threats.

• 　　The security team possesses expert security knowledge and skills, capable of detecting and fixing system vulnerabilities, enhancing the system's resilience against attacks.

What are securities to trade with Bloomyears？

　　When trading securities with Bloomyears Limited, as a financial services provider registered in Hong Kong and holding relevant licenses, the types of securities that the company offers include:

• 　　Stock Trading:

• 　　As a trading participant of the Hong Kong Stock Exchange, Bloomyears Limited's clients can trade stocks listed on the exchange. This includes blue-chip stocks, small-cap stocks, new initial public offerings (IPOs), and other types of stock trading.

• 　　Bond Trading:

• 　　Bloomyears Limited also provides bond trading services, including government bonds, corporate bonds, convertible bonds, and others. Bond trading offers investors diversified fixed-income investment opportunities.

• 　　Asset Management Services:

• 　　In addition to direct securities trading services, BLOOMYARS LIMITED may also provide asset management services, offering personalized portfolio management based on clients' investment goals and risk preferences.



Bloomyears Fees Review

　　Here is a summary of the fees charged by Bloomyears Limited :

• 　　Brokerage:

• 　　The fee for internet trading is 0.25% of the transaction amount, with a minimum of USD 100 (negotiable).

• 　　The fee for phone trading is also 0.25% of the transaction amount, subject to negotiation.

• 　　Stamp Duty:

• 　　The fee is 0.13% of the transaction amount, rounded to the nearest dollar.

• 　　Collected on behalf of the Hong Kong Special Administrative Region (HKSAR).

• 　　Trading Levy:

• 　　The fee is 0.0027% of the transaction amount, effective since November 2014.

• 　　Collected on behalf of the Securities and Futures Commission (SFC).

• 　　Trading Fee:

• 　　The fee is 0.00565% of the transaction amount.

• 　　Collected on behalf of the Hong Kong Exchanges and Clearing Limited (HKEX).

• 　　Settlement Fee:

• 　　The fee is 0.003% of the transaction amount.

• 　　The minimum charge is HKD 5, and the maximum charge is HKD 200.

• 　　FRC:

• 　　The fee is 0.00015% of the transaction amount.

• 　　Trading levy with no minimum limit.



Bloomyears App Review

　　Bloomyears Limited provides a speedy online trading system that empowers users to seize investment opportunities anytime and anywhere, as well as a full-featured real-time quote service. The scope of services include securities trading, IPO, stock market news, ranking, account information, custom monitor list, company information, and more. Additionally, the app can be attached for both IOS & Android.



Customer Service

　　Bloomyears Limited provides several basic customer support channels:

　　Tel: 25238826

　　Fax: 28685576

　　Email: cs@bloomyears.com.hk

　　Address: 17/F., 208 JOHNSTON, 206-212 Johnston Road, Wan Chai, Hong Kong



Conclusion

　　Bloomyears Limited, as a financial services company, offers investors the convenience of digital trading platforms and a potential for growth. However, investors should be aware of the risks associated with lack of educational resources and unstated account minimum and margin interest rate. For investors who can manage these risks and appreciate the benefits of digital financial services, Bloomyears could be a suitable choice.

FAQs

　　Is Bloomyears safe to trade？

　　Bloomyears (AAK877) holds a license for securities trading, which has been valid since April 1, 2003, and remains so to this day.

　　Is Bloomyears a good platform for beginners？

　　While Bloomyears Securities offers a personalized experience, the lack of clear information about account features and educational resources online makes it a risky choice for beginners. Understanding investment basics and navigating platforms can be challenging without clear guidance.

　　Is Bloomyears good for investing/retirement？

　　Bloomyears Securities offers a personalized approach to investing, but the lack of investment strategies and security measures makes it a risky choice for retirement planning. Building a retirement portfolio requires clear information and trust.

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.