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Hafoo Securities Limited
WikiStock Rating	⭐ ⭐ ⭐
Fees	Hong Kong stocks: 0.025% per transaction with a minimum of HK$5 per order;US stocks: Starting at $0.49 per share with a minimum of $0.99 per order
Mutual Funds Offered	Yes
App/Platform	Hafoo Securities app and Hafoo Securities platform
Promotions	New account opening rewards up to $1000

What is Hafoo Securities Limited？

　　Hafoo Securities Limited, a wholly-owned subsidiary of East Money Information Co., Ltd., is a licensed corporation recognized by the Hong Kong Securities and Futures Commission (SFC, License no. ATR761). East Money Information Co., Ltd., established in 2005 and listed on the Shenzhen Stock Exchange's ChiNext Market in 2010, backs Hafoo Securities with solid financial expertise. Hafoo Securities offers robust security with two-factor authentication (2FA) and 24/7 customer service in Mainland China, ensuring continuous support. The platform also features low fees and a user-friendly trading app. However, it does not support forex and crypto trading, and its educational content is limited.

Pros and Cons of Hafoo Securities Limited？

　　Hafoo Securities Limited, regulated by the SFC in Hong Kong (License no. ATR761), ensures a secure and trustworthy trading environment for its clients. One of its major advantages is the implementation of two-factor authentication (2FA) for account access, providing an additional layer of security against unauthorized access. Clients also benefit from the availability of 24/7 customer service in Mainland China, ensuring that assistance is always at hand whenever needed. On the downside, the platform does not support forex and crypto trading, limiting the options for investors interested in these markets. Additionally, the educational content offered by Hafoo Securities is limited, which might not fully meet the needs of investors seeking extensive learning resources.

Is Hafoo Securities Limited safe？

　　Regulation

　　Hafoo Securities Limited operates under the authorization of the Securities and Futures Commission (SFC) in Hong Kong, holding license number ATR761.

　　Funds Safety

　　Client funds at Hafoo Securities Limited are securely held in segregated bank accounts, ensuring that they are kept separate from the companys operational funds. The safety of these funds is subject to rigorous periodic audits by regulatory authorities.

　　Safety Measures

　　To further enhance security, Hafoo Securities employs advanced encryption technologies to protect stored funds and implements robust account security measures to prevent unauthorized access and data breaches. All clients must use two-factor authentication (2FA) to access their Hafoo Securities accounts, which cannot be disabled.

What are securities to trade with Hafoo Securities Limited？

　　Hafoo Securities Limited offers a variety of trading instruments including stocks, bonds, options, and other derivatives. However, the broker does not provide access to certain products such as cryptocurrencies and foreign exchange (forex) trading.

　　Investors can trade Hong Kong stocks with access to a wide range of securities listed on the Hong Kong Stock Exchange, benefiting from competitive fees and real-time market data.

　　The broker also supports US stock trading, providing access to major US exchanges, real-time quotes, and detailed market analysis.

　　For those interested in derivatives, US stock options are available, offering tools for options strategies and risk management.

　　Additionally, Hafoo Securities facilitates trading in US Treasury bonds, allowing investors to diversify with stable fixed-income securities.

　　The platform also supports fractional US stock shares, enabling investment in high-priced US stocks with smaller capital.

　　Through the Shanghai-Hong Kong Stock Connect, A-share trading is available, allowing direct trading of eligible stocks in the Shanghai and Shenzhen markets.

Hafoo Securities Limited Fees Review

　　Hafoo Securities Limited applies transparent fee structures across various markets to ensure clarity and affordability for investors.

　　For Hong Kong stocks, trading commissions are calculated at 0.025% of the transaction amount, with a minimum of 5 Hong Kong dollars per order. A platform usage fee of 15 Hong Kong dollars per order is also applicable. Stamp duty is charged at 0.1% of the transaction amount, rounded up to the nearest Hong Kong dollar (excluding warrants, callable bull/bear contracts, and ETFs). Additionally, regulatory fees include a Securities and Futures Commission transaction levy of 0.0027%, with a minimum charge of 0.01 Hong Kong dollars per transaction, and a Hong Kong Exchanges and Clearing Ltd trading fee of 0.00565%, also with a minimum charge of 0.01 Hong Kong dollars per transaction. Settlement fees are applied at 0.002% of the transaction amount, with a minimum of 2 Hong Kong dollars and a maximum of 100 Hong Kong dollars per transaction.

　　For US stocks, trading commissions start at 0.49 cents per share, with a minimum of 0.99 US dollars per order, supplemented by platform usage fees and settlement fees based on per-share rates. ADR (American Depositary Receipt) fees typically range from 0.01 to 0.03 US dollars per share.

　　A-share trading via the Shanghai-Hong Kong Stock Connect incurs a commission rate of 0.025%, with a minimum of 5 Chinese yuan per transaction, alongside platform usage fees and other applicable charges such as stamp duty, regulatory fees, and transfer fees.

　　When trading A-share ETFs (Exchange-Traded Funds) through Hafoo Securities Limited via the Shanghai-Hong Kong Stock Connect, investors incur a trading commission of 0.025% of the transaction amount, with a minimum charge of 5 Chinese yuan per order. In addition to the trading commission, there is a platform usage fee of 15 Chinese yuan per order.

Hafoo Securities Limited App Review

　　Hafoo Securities Limited offers a streamlined investment experience through its mobile app, the Hafoo Securities app, and desktop platform. These platforms support trading in Hong Kong stocks, US stocks, A-shares, and mutual funds.

Research and Education

　　Hafoo Securities Limited stands out with its comprehensive educational offerings through the Investment Academy.

　　The Academy covers essential topics such as A-share connectivity, providing insights into the mechanisms of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, enabling investors to trade eligible stocks directly across these markets.

　　Additionally, the Academy educates on the NASDAQ Composite Index, detailing its composition heavily weighted towards technology stocks, offering a broad view of the performance of NASDAQ-listed companies.

　　Moreover, investors learn about margin trading, also known as financing transactions, where securities are borrowed against collateral to facilitate short selling or leverage trading strategies.

　　Furthermore, the Academy explains the concept of stop-limit orders, a risk management tool that triggers a limit order once a specified stop price is reached, ensuring control over trade execution and price.

Customer Service

　　Clients based in Mainland China can avail themselves of continuous support through a dedicated 24/7 hotline at (86)400-920-1822. In Hong Kong, during regular business hours (Monday to Friday, excluding public holidays), clients can contact the office at (00852)2111-2681 for prompt assistance. For seamless communication, inquiries can also be directed to the email address cs@hafoo.com.hk, where the attentive team ensures swift responses and resolution of queries. The service center, located at 32/F, Tower 1, Hafoo Centre, 18 Harcourt Road, Admiralty, Hong Kong, provides a conducive environment for clients seeking face-to-face consultations.

Conclusion

　　Hafoo Securities Limited, regulated by the SFC in Hong Kong (License no. ATR761), excels in providing a secure trading environment with robust two-factor authentication (2FA) and 24/7 customer service in Mainland China, ideal for security-conscious investors needing reliable support. However, it lacks support for forex and cryptocurrency trading, and its educational resources are somewhat limited, which may not fully satisfy investors seeking broader market opportunities and learning materials.

FAQs

　　Is Hafoo Securities Limited safe to trade？

　　Yes, Hafoo Securities Limited is regulated by the Securities and Futures Commission (SFC) in Hong Kong. Client funds are held in segregated bank accounts, separated from the company's operational funds, and undergo regular audits by regulatory authorities to ensure safety. The platform employs mandatory two-factor authentication (2FA) for all client logins, enhancing protection against unauthorized access and data breaches.

　　Is Hafoo Securities Limited a good platform for beginners？

　　Yes, Hafoo Securities Limited is suitable for beginners due to its user-friendly trading platforms and educational resources. The availability of two trading platforms caters to different levels of trading experience, accommodating beginners who are learning to navigate the financial markets and seasoned investors looking for comprehensive trading tools and resources.

　　Is Hafoo Securities Limited legit？

　　Yes, Hafoo Securities Limited is a legitimate entity authorized by the Securities and Futures Commission (SFC) in Hong Kong, operating with license number ATR761.

Risk Warning

　　The information presented reflects WikiStock's assessment of the brokerage's website data and may be subject to updates. It's essential to note that online trading carries significant risks, including the potential for complete loss of invested funds. Understanding these risks thoroughly before participating is imperative.