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Cheer Union Securities
WikiStocks Rating	⭐⭐⭐
Fees	Commissions：0.25% per trade(Minimum:HK $100)
Interests on uninvested cash	3.26%
Mutual Funds Offered	Yes
Platform/APP	Cheer Union Trading Platform
Promotion	N/A

Cheer Union Securities Information

　　Cheer Union Securities offers competitive trading conditions with a commission rate of 0.25% per trade, ensuring affordability with a minimum charge of HK $100. The firm provides access to mutual funds and features a user-friendly trading platform, enhancing the overall trading experience.

　　However, despite these advantages, Cheer Union Securities does not currently offer any promotional incentives, which limits its appeal to potential new clients looking for introductory offers.

Pros & Cons

　　Pros:

　　Cheer Union Securities offers the advantage of a streamlined and quick account opening process, ensuring easy access for new clients. The firm is regulated by the SFC, providing a layer of trust and regulatory assurance. It also boasts a unique trading platform that is accessible both online and through a mobile app, meeting the needs of modern traders.

　　Cons:

　　On the downside, Cheer Union Securities imposes high commissions with a fixed rate of HK$100 per month, which can be costly for active traders. The range of tradable assets is limited, which restricts investment opportunities. Additionally, the lack of diverse account options will not satisfy the varying preferences and strategies of different investors.

Is Cheer Union Securities Safe？

　　Regulations:

　　Cheer Union Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong, operating under license number AEO675. This regulation ensures that Cheer Union adheres to stringent standards set forth by the SFC, which oversees and ensures the integrity of financial markets in Hong Kong.

　　Funds Safety:

　　Cheer Union Securities operates within the regulatory framework established by the Securities and Futures Commission (SFC) of Hong Kong, which requires rigorous safeguards for client assets.

　　The firm's adherence to these regulations helps ensure that client funds are handled with high standards of security and integrity. While specific insurance details are not provided, the regulatory environment mandates measures that typically include the segregation of client funds from company assets, providing an additional layer of protection against company insolvency or misappropriation.

　　Safety Measures:

　　Cheer Union Securities employs a range of security measures to protect client data and funds. The firm's trading platforms are designed to prevent unauthorized transactions and protect user information. Security protocols include the use of encryption technologies, regular security audits, and the implementation of strong access controls. Additionally, the firm advises clients on best practices for securing their online and mobile trading environments, including using strong, unique passwords and being cautious of unknown software and devices.

What are securities to trade with Cheer Union Securities？

　　Cheer Union Securities offers a range of securities trading options for its clients, capitalizing on its status as a registered and licensed corporation with the Securities and Futures Commission of Hong Kong and as a participant of the Hong Kong Exchanges and Clearing Limited (HKEX). Heres a breakdown of the types of securities available for trading:

• 　　Equities: Clients can trade stocks listed on HKEX, providing access to a wide range of public companies from various sectors.

• 　　Bonds: The platform will offer the trading of various types of bonds, providing opportunities for fixed income investments.

• 　　Derivatives: This includes options and futures for those looking to engage in more sophisticated trading strategies.



Cheer Union Securities Account Review

　　Cheer Union Securities offers two primary types of accounts for both individual and corporate clients:

• 　　Cash Account: This account type allows clients to buy securities using the funds deposited in the account. It is suitable for those who prefer to trade without leverage, ensuring they can only trade with available funds.

• 　　Margin Account (also known as a Margin Financing Account): This account enables clients to buy securities with borrowed funds, providing the leverage needed to purchase more securities than the cash available in their account. This type of account is intended for more experienced investors who are comfortable with taking higher risks for potentially greater returns.



Cheer Union Securities Fee Review

　　Cheer Union Securities offers a detailed fee structure for various services related to securities trading, IPO subscriptions, and additional administrative activities.

　　Securities Trading Fees:

　　Cheer Union Securities charges a trading commission of 0.25% per transaction, with a minimum fee of HK$100. Additional charges include Government Stamp Duty at 0.1%, SEHK Trading Fee at 0.00565%, CCASS Payment ranging from HK$2 to HK$100, SFC Transaction Levy at 0.0027%, and an Accounting and Finance Bureau's Transaction Fee at 0.00015%. An Italian Financial Transaction Tax of 0.2% applies to transactions involving Italian companies listed in Hong Kong.

　　Stock Deposit and Withdrawal Charges:

　　Fees for stock deposits and withdrawals are variable and should be confirmed with a sales consultant. Physical stock deposits incur a HK$5 stamp duty per transfer paper, while physical withdrawals are charged HK$5 per board lot with a minimum fee of HK$100. An Investor Settlement Instruction (ISI) for stock withdrawals incurs a handling fee of HK$30 per transaction.

　　Nominee and Corporate Action Service Fee:

　　Cheer Union Securities charges HK$1.5 per board lot for registration and transfer fees. Dividend collections are subject to a 0.5% fee of the total value with limits of minimum HK$30 and maximum HK$10,000. Corporate action handling costs HK$1 per board lot plus 0.5% of the received amount, with a minimum fee of HK$30.

　　IPO Subscription and Grey Market Trading Fees:

　　IPO handling fees are HK$50 for cash subscriptions and HK$100 for margin subscriptions, including cases of cancellation or postponement. Grey market trading commissions are set at 0.25% of the transaction amount, with a minimum fee of HK$100.

　　Other Charges:

　　Additional fees include a real-time streaming quote fee of HK$243 per month and a mailing fee of HK$20 per month for daily or monthly statements. Account statement reproduction is free for up to 18 months, with a charge of HK$200 per month for older statements. An administrative fee of HK$200 per copy is charged for supporting documents.

Service Category	Specific Service	Fee Details	Minimum Fee	Maximum Fee	Additional Notes
Securities Trading Fees	Trading Commissions	0.25% of transaction amount	HK$100	-	-
	Government Stamp Duty	0.1% of transaction amount	-	Rounded up to nearest HK$1	-
	SEHK Trading Fee	0.00565% of transaction amount	-	-	Effective from Jan 1, 2023
	CCASS Payment	0.015% of transaction amount	HK$2	HK$100	-
	SFC Transaction Levy	0.0027% of transaction amount	-	-	-
	Accounting and Finance Bureau's Fee	0.00015% of transaction amount	-	-	-
	Italian Financial Transaction Tax	0.2% of transaction amount	-	-	Applicable to Italian companies listed in Hong Kong
Stock Deposit and Withdrawal Charges	Settlement Instruction (SI)	Variable	-	-	Contact sales consultant for details
	Physical Stock Deposit Fee	HK$5 per stock/transfer paper	-	-	-
	Physical Stock Withdrawal Fee	HK$5 per board lot	HK$100	-	Minimum charge HK$100
Nominee and Corporate Action Fees	Registration and Transfer Fees	HK$1.5 per board lot	-	-	Rounded up to nearest board lot
	Collection of Dividends/Interest	0.5% of total value	HK$30	HK$10,000	-
IPO and Grey Market Trading Fees	IPO Subscription	HK$50 (cash) / HK$100 (margin) per event	-	-	Includes cases of cancellation or postponement
	Grey Market Trading Commission	0.25% of transaction amount	HK$100	-	-
Other Charges	Real-time Streaming Quote Fee	HK$243 per month	-	-	-
	Mailing Fee for Statements	HK$20 per month	-	-	-
	Reproduction of Account Statements	Free for up to 18 months; HK$200 per month after	-	-	For statements older than 18 months, up to 7 years
	Administrative Fee for Supporting Documents	HK$200 per copy	-	-	-



Cheer Union Securities Trading Platform Review

　　Cheer Union Securities provides an online trading platform that supports both desktop and mobile access to accommodate the needs of diverse investors. The platform is available in versions optimized for both Android and iOS devices, ensuring traders can manage their portfolios and trade securities conveniently from any location.

　　Key features of the trading platform include:

• 　　Online Version: A robust web-based platform that allows traders to execute trades, view real-time market data, and analyze trends directly from their browsers.

• 　　Mobile Trading: Dedicated mobile applications for Android and Apple (iOS) devices, which include all functionalities needed for trading on the go, ensuring a good experience across all devices.

• 　　Two-factor Authentication: For enhanced security, the platform incorporates two-factor authentication, using AFE Verification Treasure to ensure that all account accesses are authenticated and secure.



Customer Service

　　Cheer Union Securities provides a large suite of customer support options to ensure clients can easily get assistance when needed.

　　The main office is located at Room 2101, Tower 1, Lippo Centre, 89 Queensway, Admiralty, Hong Kong. Clients can contact the trading hotline at (852) 3899 8580 for trading-related inquiries or reach the customer service hotline at (852) 3899 8599 for general support.

　　Additionally, WhatsApp support is available at (852) 5587 7233, allowing for convenient and immediate text-based communication. For more formal communications or document submissions, clients can use the fax number (852) 3622 1062, and for email inquiries, the address is info@cusecltd.com.



Conclusion

　　Cheer Union Securities is a well-equipped financial services firm based in Hong Kong, providing a variety of trading options including cash and margin accounts through a sophisticated online trading platform suitable for both desktop and mobile users.

　　It offers robust customer support through multiple channels, ensuring clients receive timely assistance and can manage their investments efficiently.

FAQs

• 　　What types of accounts does Cheer Union Securities offer？

• 　　Cheer Union Securities offers cash accounts and margin accounts.

• 　　How can I contact Cheer Union Securities for support？

• 　　You can call their customer service hotline at (852) 3899 8599 or use WhatsApp at (852) 5587 7233.

• 　　Does Cheer Union Securities have a mobile trading option？

• 　　Yes, they provide mobile trading apps for both Android and iOS devices.

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.