Lack of information about accounts: The official website of Spring Securities lacks detailed information about account types, which makes it inconvenient for traders.
Is Spring Securities Safe?
Regulatory Sight: Spring Securities operates under the regulatory oversight of the China Hong Kong Securities (No.BJL236) and Futures Commission in Hong Kong, holding a valid security trading license. This regulatory authority ensures that financial institutions comply with relevant laws and regulations to protect investors and maintain market integrity.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this securities.
What are Securities to Trade with Spring Securities?
Spring Securities provides a range of investment products and services, including access to Hong Kong stocks, Chinese stock market investments, US stocks, global stocks, and upcoming initial public offerings (IPOs) for new share subscription. With a focus on catering to diverse investment preferences, Spring Securities offers options for investors looking to diversify their portfolios across different markets and asset classes.
Spring Securities Fees Review
Spring Securities takes pride in its commitment to transparency by offering clients clear and transparent fee structures for its services. This ensures that clients are fully aware of the costs associated with their investments, enabling them to make informed decisions.
For Hong Kong stock trading, the fee structure includes negotiable trading commissions, a government stamp duty of 0.1% on the transaction amount (with amounts less than 1 Hong Kong dollar counted as 1 Hong Kong dollar), a transaction fee of 0.00565%, a transaction levy of 0.0027%, Transaction Levy (Financial and Reporting Bureau) of 0.00015%, and a delivery fee of 0.005% with a minimum charge of $5.00.
When it comes to US stock trading, Spring Securities charges a payment fee of 0.003 times the number of shares traded, with a minimum charge of $0.01.
For clients interested in Taiwan stock trading, the trading commissions are negotiable, and there is a securities transaction tax of 0.3% charged on sales.
Spring Securities' commitment to transparent fee structures is commendable as it ensures clients have a clear understanding of the costs involved in their investments. By providing detailed information on fees and charges for different types of trading, including Hong Kong stocks, US stocks, and Taiwan stocks, clients can make informed decisions regarding their investment strategies. The negotiability of trading commissions in Hong Kong and Taiwan allows for flexibility in fee arrangements, accommodating individual client needs.
Spring Securities App Review
Spring Securities provides the Spring App, which is accessible for download on both the Apple Store and Google Play. The Spring App is designed to offer users a mobile platform for accessing the services and features provided by Spring Securities. Through the app, users can conveniently manage their investment accounts, access market information, and execute trades.
Customer Service
Spring Securities offers comprehensive customer support to its clients.Clients can reach out to Spring Securities through various channels.
Telephone: Clients can call them at (852) 3468 4549 for any queries.
Fax: Clients can fax them at (852) 2838 8687.
Email: The firm offers assistance through email atgeneral@springgroup.com.hk.
The company also provides its physical address, Room 01, 28th Floor, 118 Connaught Road West, Sai Ying Pun, Hong Kong.
Conclusion
In summary, Spring Securities is a licensed financial intermediary offering a range of investment products and services. While they provide access to various markets and emphasize regulatory compliance, there are some limitations to consider. These include potential impact on investment returns due to varying charges and fees, limited physical presence for in-person interactions, and limited information on additional services. It is crucial for investors to carefully evaluate their individual needs and preferences before considering Spring Securities as a potential investment partner.
FAQs
Is Spring Securities legit?
Yes. Spring Securities operates under the regulatory oversight of the China Hong Kong Securitiesand Futures Commission in Hong Kong, holding a valid security trading license.
How can I contact Spring Securities?
You can reach Spring Securities through various channels, including telephone at (852) 3468 4549, fax at (852) 2838 8687 and email at general@springgroup.com.hk.
What markets can I trade with Spring Securities?
Spring Securities provides access to Hong Kong stocks, Chinese stock market investments, US stocks, global stocks, and upcoming IPOs.
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.