We can provide prudent credit and margin financing services to customers, with the strength of the group. Enough to be your trusted investment partner. Looking to the future, Conrad will strive to develop new markets and provide customers with more diversified investment products
CONRAD Information
Conrad Investment Services Ltd is an independent financial advisory company located in Hong Kong, providing personalized wealth management and investment services to individual and corporate clients. Conrad provides their clients with a wide range of services including Securities Lending Fully Paid, Futures, Investment Advisory Services, Stocks, ETFs, and Mutual Funds. At the same time, the company provides clients with a rich and complete online trading platform on the Web, iOS, and Android versions. Conrad has a solid and reliable infrastructure and purchases licensed guarantors to ensure the safety of client funds.
Pros and Cons of CONRAD
Conrad provides several pros such as a wide range of tradable securities, flexible account types to suit different needs, and useful research and educational resources. However, it also has some cons like relatively higher trading fees and limited payment methods compared to competitors. Overall, Conrad remains a viable option for experienced traders seeking a full-service brokerage.
Is CONRAD safe？
Yes, Conrad Investment Services Limited can be considered a safe and reliable investment service provider. As a licensed corporation authorized by the Hong Kong SFC (Central Number: BIV795), Conrad has been providing customized brokerage and wealth management services for over 10 years. Client assets are securely held under the Protection of Investors Compensation Fund. As a long-established licensed firm regulated by the SFC, Conrad is well-positioned to satisfy customers' needs for top-tier brokering and wealth management services.
What are securities to trade with CONRAD？
Conrad provides their clients with a wide range of services including Securities Lending Fully Paid, Futures, Investment Advisory Services, Stocks, ETFs, and Mutual Funds. Conrad provides customers with diversified customized financial services based on securities trading and asset management to help users plan financial plans.
Securities trading services: including buying, selling, and holding services for various types of securities such as stocks, funds, and indexes.
Fund management services: including basic fund management services such as fund deposit, withdrawal, and transfer.
Asset management services: providing customers with diversified asset allocation and management solutions, including individual securities selection and portfolio management.
Investment consulting services: providing regular or temporary investment advice based on customer risk preferences.
Personal financial management services: integrating various financial services to plan suitable personal financial management plans for customers.
CONRAD Accounts
Individual account: Applicable to individual investors; The account is held in the name of an individual.
Joint account: Opened by two individuals; The account must be jointly authorized by the two joint account holders.
Corporate account: Applicable to corporate/enterprise customers.; A copy of the company registration document and other relevant supporting documents are required; The account is held in the name of the company; One or two authorized persons must be designated to operate the account on behalf of the company.
Conrad provides different types of accounts, including individual, joint, and company, to meet the legal form and operation needs of different customers. Users can choose the most suitable account to open according to their situation.
CONRAD Fees Review
Commissions and Fees:
The stock trading commission is 0.15%-0.25% of the transaction amount, 0.25% for telephone orders, and 0.15% for online orders. The US stock trading commission is 0.1% of each transaction amount (minimum US$15). Other transaction-related fees include stamp duty, transaction levies, etc.
Stamp duty includes 0.1% for both buyers and sellers. The transaction levies are 0.0027% and 0.00565% for both buyers and sellers.
The Hong Kong Stock Exchange charges a settlement fee of 0.01% per transaction (minimum HK$5, maximum HK$500). AFRC charges a transaction fee of 0.00015%.
Same-day settlement is subject to a handling fee of HK$5/day and overdue settlement is subject to HK$30/day. Physical stocks are subject to withdrawal and registration fees.
Margin Interest Rate:
The prime rate usually refers to the Hong Kong Interbank Offered Rate. Hong Kong stock margin accounts add 3%. US stock margin accounts are fixed at 6.25%. Cash accounts overdue settlements add 6%.
The interest rate for US stock margin accounts is 6.25%.
Other service charges include a 0.5% handling fee for dividends and agent services at HK$1.5-2/lot.
Monthly statement reprints are HK$50, and online quotation services are HK$360/month.
In general, the service fee standards adopted by Conrad vary by country and transaction type, and at the same time, they provide discounts for different channels to give customers choices. However, the composition of each fee is disclosed.
CONRAD App Review
Conrad provides investors with convenient securities trading services through the “Conrad Trading” APP and online trading platform. It supports iOS, Android, and web online trading, and provides detailed operation guides, allowing users to manage their investments anytime, anywhere.
Conrad Trading: Mobile APP, that supports iOS and Android systems. , provides a web version of the online trading system. It can provide users with more convenient and comprehensive data and information services, allowing investors to easily view stock market information and conduct transactions no matter where they are, and keep a close eye on the Hong Kong securities market. Conrad Trading provides a classic quotation style, perfectly compatible with the usage habits of investors in China and Hong Kong.
Web: Both the mobile and web versions can easily view real-time market conditions and conduct transactions.
Conrad Trading adopts a classic quotation style while being compatible with the habits of investors in China and Hong Kong.
It also provides an operation manual for the trading system and an operation manual for the online trading system, introducing the operation procedures of various functions such as login, password management, order processing, and report query.
Research and Education
CONRAD commits to lifelong learning of investors. The platform offers extensive fundamental and technical analysis tools. Investors can screen for stocks that meet customized criteria. Education resources include webinars, video tutorials, e-books, and one-on-one sessions with representatives. This helps users of all levels sharpen their trading skills on CONRAD.
Educational resources provided:
Set up a “Stock Academy” column to provide users with educational resources on basic stock knowledge.
List common stock types in detail to let customers understand the risks and characteristics of different products.
Provide quotation tables for Hong Kong and US stocks, allowing users to view the latest market conditions of stocks in different markets.
Third-party research:
In general, Conrad's website provides basic stock education knowledge to support user learning and also provides quotation information queries for stock markets in many countries.
Customer Service
While live agent support is only offered on weekdays during market hours, CONRAD customer service is generally considered helpful. The website has comprehensive FAQs and self-help resources too. Response times may vary depending on demand. However, the firm aims to address all customer tickets within one business day.
Specific customer service support methods:
Address to answer customer inquiries face to face: 23/F, Tung Hip Commercial Building, 244-248 Des Voeux Road Central, Central, Hong Kong
Telephone hotline to provide voice support for customers: Tel: (852) 3980 2300
Fax to answer customer written inquiries: Fax: (852) 2323 1661
Dedicated customer service mailbox to provide email support for customers: Email: cs@conrad-is.com.hk
Specific customer service support hours:
Office hours: Monday to Friday 9:00 a.m. to 6:00 p.m.
Conclusion
In summary, Conrad is a well-regulated financial firm that provides a holistic approach to investment and wealth management. It is well-suited for investors seeking professional long-term guidance across various financial needs. Its broad capabilities allow it to serve both mass affluent and high-net-worth client segments.
FAQs
Is Conrad safe to trade？
Yes, Conrad is securely regulated by the SFC and utilizes robust encryption and monitoring to protect traders. It has built a reliable reputation over many years of operation.
Is Conrad a good platform for beginners？
Conrad provides helpful educational resources and basic accounts to suit novices. However, margin trading and certain securities may be complex for total beginners to understand fully.
Is Conrad legit？
Yes, Conrad is a legitimate and respected brokerage. It has been in business for over a decade with a large customer base. Traders' funds are securely held at top-tier banks and regular audits verify legitimate operations. Overall, Conrad can be recommended as a proper trading platform.
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 a total loss of invested funds, so comprehending associated risks before engaging is crucial.
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