Luen Fat Securities Co. Ltd., established in 1980, is a well-recognized securities and investment company in Hong Kong. With a distinguished management team and professional analysts, it offers a full spectrum of products and services, including securities trading, margin financing, and corporate finance. However, it does not offer products such as cryptocurrencies and commodities.
Luen Fat Securities offers a robust investment platform with an experienced management team, detailed market analysis reports, and a wide range of investment services, including securities trading and corporate finance. However, it lacks offerings in cryptocurrencies and commodities, which may be a limitation for some investors.
Securities Trading: Trade shares listed on the Hong Kong Stock Exchange.
Margin Financing: Borrow funds to invest in securities.
Nominee Services: Manage and hold securities on behalf of clients.
Corporate Finance: Provide financial advisory and capital raising services.
Initial Public Offerings (IPOs): Participate in new share offerings.
Underwriting: Guarantee the purchase of all shares in a new issue.
Placing of New Shares: Distribute new shares to investors.
Luen Fat does not offer products such as cryptocurrencies and commodities. They have a distinguished management team, professional analysts, and advanced technology to provide detailed market analysis and secure, diversified investment services.
Luen Fat Accounts
Luen Fat offers four types of securities trading accounts:
1. Cash Account
2. Custodian Account
3. Electronic Stock Trading Account (required for existing clients trading online)
4. Margin Trading Account
Luen Fat Fees Review
Luen Fat Securities charges for HKEx trades include a brokerage commission with a minimum of HK$75, an SFC levy of 0.0027%, a trading fee of 0.00565%, an FRC levy of 0.00015%, and a stamp duty of 0.13% (min HK$1).
Settlement fees include a CCASS fee of 0.01% (min HK$3, max HK$300), physical scrip withdrawal at HK$5 per lot (min HK$25), and a settlement instruction fee of 0.002% plus HK$20 (max HK$300). Stock transfers are charged 0.1% (min HK$600).
Account maintenance costs HK$200/year for dormant accounts and HK$240/year for segregated accounts. Nominee services include a scrip fee of HK$2.50 per lot and a dividend collection fee of 0.20% (min HK$20).
Margin financing is at prime rate +6%, and overdue interest is at prime rate +8%. IPO subscription costs HK$100 per application. Real-time quote services range from HK$258 to HK$428 per month.
Luen Fat App Review
Luen Fat Securities offers three main apps for market data and trading: MegaHub (PowerTicker), ETNet and AA Stocks. They provide user-friendly interface with real-time streaming market information and powerful investment decision tools.
Research and Eduation
Luen Fat Securities provides comprehensive research and education resources to its clients. These include the latest updates from the Hong Kong Exchange and financial news. Clients have access to detailed market information such as stock quotes, technical charts, and fundamental analysis. Additionally, Luen Fat offers a market calendar, active stock data, and information on both Hong Kong and global indices. The firm also provides updates on IPOs and AH comparison analysis, ensuring clients are well-informed and equipped to make sound investment decisions.
Customer Service
Luen Fat Securities offers dedicated customer service through various hotlines:
- Trading Hotline: (852) 2978 5160 (Contact: Mr. Kevin Lam)
- Settlement Hotline: (852) 2978 5107 (Contact: Ms. Chan)
- Customer Service Hotline: (852) 2978 5101 (Contact: Ms. Chan)
Additionally, they can be reached via email at info@luenfat.com.hk. Luen Fat is a participant of The Stock Exchange of Hong Kong Ltd (IDs: 1850, 1851, 1852, 1857, 1858, 1859) and has a CCASS Broker Firm ID: B01320.
Conclusion
Luen Fat Securities is a reputable brokerage firm with a strong foundation and a wide range of services, including securities trading, margin financing, and corporate finance. The firm is well-regulated and employs advanced security measures to ensure the safety of client funds. While it excels in offering detailed market analysis and professional investment advice, it lacks products such as cryptocurrencies and commodities.
FAQs
Is Luen Fat safe to trade?
Yes, Luen Fat Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong and holds client funds in segregated accounts.
Is Luen Fat a good platform for beginners?
Yes, Luen Fat provides comprehensive research and education resources, making it suitable for beginners.
Is Luen Fat good for investing/retirement?
A: Yes, with a wide range of investment options and professional advisory services, Luen Fat is suitable for long-term investing and retirement planning.
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.