光源金融

Lighthouse Financial
WikiStock Rating	⭐️⭐️⭐️⭐️
Account Minimum	Not mentioned
Fees	0.25% (standard rate)
Account Fee	Waive
Interests on Uninvested Cash	Not mentioned
Margin Interest Rates	According to Market Rate
Mutual Funds Offered	Not mentioned
App/Platform	Lighthouse Financial; Lighthouse Financial Code
Promotions	Not mentioned

What is Lighthouse Financial？

　　Lighthouse Financial (formerly Wellington Financial Co., Ltd.) is a licensed securities firm established in Hong Kong in 2017. They operate under the Hong Kong Securities and Futures Ordinance (SFO) with a license for Type I activities (securities transactions) and Type 9 activities (providing asset management) (CE No. BHX373). They are also an exchange participant on The Stock Exchange of Hong Kong Limited.

　　Lighthouse Financial allows investors to buy and sell various securities, potentially including stocks, bonds, and other investment products. This service might involve cash transactions and stock transfers.They offer consulting services related to asset management, helping clients develop and implement investment strategies.

Pros & Cons of Lighthouse Financial

　　Formal regulation: Lighthouse Financial is regulated by Securities and Futures Commission (SFC) of Hong Kong with license No: BHX373.

　　Variety of investments: Lighthouse Financial offers cash securities trading, asset management consulting services, transfer and withdrawal of shares, dividends, equity and bonus, etc.

　　Simple and user-friendly mobile app: Lighthouse Financial offers a user-friendly mobile app available for both iPhone, iPad, and Android devices.

　　Safety measures: Lighthouse Financial utilizes a two-app system. A separate “Lighthouse Verification Code” app generates unique codes for logins.

　　Limited educational resources: Lighthouse Financial provides limited access to educational resources.

　　Limited geographic focus: Their primary focus on the Hong Kong market may not be suitable for investors seeking broader global diversification.

Is Lighthouse Financial Safe？

　　Regulation

　　Lighthouse Financial operates under the regulation of the Securities and Futures Commission (SFC) of Hong Kong. This is a positive factor, as the SFC is a well-established financial regulatory body responsible for overseeing securities and futures markets in Hong Kong. Having a license from the SFC (License No. BHX373) indicates that Lighthouse Financial adheres to regulations set forth by this governing body.

　　Safety Measures

　　Lighthouse Financial prioritizes security by utilizing a two-app system. The primary “Lighthouse Financial” app handles everyday trading and account management. To add an extra layer of protection, a separate “Lighthouse Verification Code” app generates unique codes for logins. This two-step verification process helps prevent unauthorized access to financial information.

What are Securities to Trade with Lighthouse Financial？

　　Lighthouse Financial offers a variety of investment opportunities through its securities trading platform. This combination of services allows customers to execute trades, manage holdings, and stay informed about the market.

• 　　Cash Securities: Investors can buy and sell traditional investment products like stocks and potentially bonds for immediate cash settlement.

• 　　Stock Management: They facilitate the transfer and withdrawal of investors' shares, allowing them to move holdings in and out of their account.

• 　　Dividend and Corporate Action Services: Lighthouse Financial acts as investors' agent to handle proxy services like receiving dividends, stock rights, or bonus shares on their behalf.

• 　　Stock Subscriptions: They offer services to assist investors in subscribing to new stock issuances.

• 　　Market Information: Lighthouse Financial provides access to online quotes, giving investors real-time or delayed market data to make informed investment decisions.

• 　　Online Trading Platform: They offer a convenient online trading platform for buying and selling securities electronically.

Lighthouse Financial Accounts

　　Lighthouse Financial has the following trading accounts for customers to choose from:

　　1) Cash account

　　2) Online trading account

　　3) Mobile trading APP

　　Account opening procedures

　　For individual or joint customers

• 　　Copies of ID cards or passports of all account holders, authorized persons and ultimate beneficiaries of the account

• 　　Proof of address in the past three months, such as telephone bills, electricity bills, gas bills, tax bills or bank statements Single Class

• 　　Risk Disclosure Statement (GEM)

• 　　Customer Information Sheet, such as occupation/business nature, investment experience, and ultimate beneficiary of the account

　　For corporate customers:

• 　　Copy of business registration certificate

• 　　Copy of company registration certificate

• 　　Copy of ID card or passport of authorized signatory

• 　　Board meeting authorizing account opening

• 　　Copy of company articles of association

• 　　Company annual report, if any

• 　　Risk Disclosure Statement (GEM)

• 　　Customer information sheet, such as business nature, investment experience, and ultimate beneficiary of the account

Lighthouse Financial Fees Review

　　(A) Securities Trading

　　Commission Fee: 0.25% (standard rate per each transaction, minimum HK$80.00) negotiable if transactions volume is sufficient

　　Levy (charged by SFC): 0.0027% on trading amount

　　Trading Fee (charged by SEHK): 0.00565% on trading amount

　　Stamp duty: 0.1% on trading amount

　　CCASS Settlement Fee: 0.004% (per trade match, minimum HK$4.00) Each Client transaction is matched with one or more counterparties. Hence CCASS fee is calculated per trade match

　　AFRC Transaction Levy: 0.00015% on trading amount (rounded to the nearest cent)

　　(B) Physical shares and/or Settlement

　　Physical Share Deposit: Stamp duty HK$5.00 payable to SEHK per each transfer deed

　　Withdrawal of Physical Share: HK$5.00 per lot and HK$50.00 handling fee for each share category

　　Settlement Instruction (SD)/Investor Settlement Instruction(ISI) (Apply for share transfer out): 0.01% on market value of each kind of share (minimum HK$50.00)

　　Mandatory Cash Offer: Handling fee HK$100.00 and all other charges from Clearing house & related party(ies)

　　(C) Account Fee

　　Custody Fee (Monthly Fee): Waive

　　Margin Share Custody Service: Negotiable

　　(D) Nominee &Corporate Action Fee

　　Scrip Fee: HK$1.50 per lot

　　Dividend Payment: 0.5% on dividend payment (Min.HK$25.00)&CCASS charge (Dividend paymentx0.12%)

　　Bonus share: Waive

　　Received subscribed shares: Waive

　　Share split/combine/voting: Waive

　　Rights subscription: HK$100.00 for each subscription & CCASS charges (HK$0.8 per lot)

　　Additional rights subscription: HK$100.00 for each subscription & CCASS charges (HK$0.8 per lot)

　　Warrant exercise/privatization/share offer: 0.25% (min.HK$100.00)&CCASS charges (HK$0.8 per lot)

　　Transfer of share ownership in Share registration: HK$5.00 per lot &handling fee HK$500.00 on each kind of share

　　Claim for non-receipt rights: Minimum HK$600.00 &CCASS charges

　　Handling Fee for B/S Note: Handling charges HK$1,000.00 for each B/S Note

　　(E) Others

　　EIPO subscription (via CCASS): HK$50.00

　　IPO subscription (margin finance): HK$120.00

　　Interest on margin finance: according to Market Rate

　　Cash client late settlement interest(p.a.): Prime rate + 6.5% (Prime rate according to HSBC quoting, update accordingly)

　　Re-print/ each physical Daily /Monthly statement: Nearest 3 months -HK$10.00; 3 months before-HK$100.00

　　Withdrawal Fee:

　　Cheque- waive

　　Hong Kong Faster Payment System (FPS)- waive or according to bank charge;

　　Telegraphic transfer(T'T) and local transfer (CHATS)- according to bank charge;

　　Exchange rate according to bank rate when execution (limited to currency accepted by bank in Hong Kong)

　　Real Time Quote Fee: HK$350.00 per month

　　Letter of confirmation on asset: HK$200.00 per letter

　　Return Cheque /Stop Cheque Payment: HK$100.00 per cheque



• 　　Margin Interest Rate

　　The interest rate charged on margin financing at Lighthouse Financial is not explicitly stated. They indicate it is set “according to Market Rate.” This means the margin interest rate will fluctuate based on prevailing market conditions.

Lighthouse Financial App Review



　　Lighthouse Financial provides a mobile app for both Apple and Android users to access their investment services.

　　Download: Search for “Lighthouse Financial” on the respective app stores (Apple App Store or Google Play Store).

　　Two Apps: Customers need to download two separate apps: “Lighthouse Financial” for the core trading and account management functionalities, and “Lighthouse Verification Code” for added security measures during the login process.

Customer Service



　　Lighthouse Financial offers several ways for customers to connect with their service team:

　　Phone: (852) 3622-3200

　　Fax: (852) 3583-3700

　　Email: info@lighthousecap.com.hk

Conclusion

　　Lighthouse Financial's services encompass core trading functionalities, account management tools, and an emphasis on security. The platform utilizes a two-app system: a primary app for daily use and a separate app generating login verification codes. This approach aims to provide a user-friendly experience while prioritizing account security.

FAQs

　　Is Lighthouse Financial a good platform for beginners？

　　Due to the unknown complexity of the platform and lack of clear educational resources, Lighthouse Financial's suitability for beginners is uncertain.

　　Is Lighthouse Financial legit？

　　Lighthouse Financial is regulated by the SFC of Hong Kong, a well-established body. This offers a level of assurance regarding adherence to financial regulations.

　　Is Lighthouse Financial good for investing/retirement？

　　Based on the provided information about its high commissions and fees, Lighthouse Financial likely isn't ideal for most investors.

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.