BSL

BSL
WikiStocks Rating	⭐⭐⭐
Fees	0.10% on gross amount (Minimum HK$50)
Interests on uninvested cash	6.47%
Mutual Funds Offered	Yes
Platform/APP	DongXin Security APP(Google and IOS)
Promotion	N/A

What is BSL？

　　BSL, rated three stars by WikiStocks, offers competitive brokerage services with a fee of 0.10% on the gross transaction amount, maintaining a minimum charge of HK$50.

　　Clients benefit from a high interest rate of 6.47% on uninvested cash and have access to mutual funds. The brokerage supports its offerings with the DongXin Security APP, available for both Google Android and iOS platforms, facilitating mobile trading.

　　However, the absence of promotions might be seen as a limitation for those looking for additional incentives or discounts on transactions.

Pros & Cons

　　BSL offers a range of tradable securities including stocks, ETFs, and options, backed by regulation from the SFC. It boasts a unique trading platform, DongXin Security, and competitive low commission rates as low as 0.1%. The firm provides an investor guarantee of up to HK$500,000 per investor and emphasizes fintech innovations to enhance trading experiences.

　　The firm does not provide analysis tools for users, which could hinder informed decision-making. There is a lack of timely customer support and no educational resources to aid new traders in learning the market. Additionally, BSL offers no diverse account options, limiting flexibility for different trading strategies or needs.

Is BSL Safe？

　　Regulations:

　　BSL (Business Securities Limited) is under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) with the license number AEF425. This regulatory framework mandates compliance with strict financial and operational standards, ensuring that BSL operates with high levels of transparency and integrity.

　　Funds Safety:

　　Client funds at BSL are safeguarded in several ways. Funds are held in trust accounts at licensed banks, independently monitored by the Hong Kong Securities & Futures Commission to prevent misuse.

　　Additionally, clients' stock assets are securely held in the Central Clearing and Settlement System (CCASS) managed by the Stock Exchange of Hong Kong Limited.

　　Notably, BSL participates in the Hong Kong Investor Compensation Fund, which offers compensation protection up to HK$500,000 per investor, providing an additional layer of security against the failure of the firm.

　　Safety Measures:

　　BSL commits to the highest standards of data protection, employing robust encryption and security protocols across its 24/7 independent cloud network services. These measures are designed to protect personal information and financial transactions from unauthorized access and data breaches, emphasizing BSLs dedication to maintaining client security.

What are securities to trade with BSL？

　　At Business Securities Limited (BSL), clients have access to a diverse range of securities for trading, ensuring market coverage suitable for various investment strategies. Here's a detailed look at the securities available for trading with BSL:

• 　　Equity Securities (Hong Kong Stock):

• 　　Shares/Stocks: Clients can trade shares listed on the Main Board and the Growth Enterprise Market (GEM) of The Stock Exchange of Hong Kong Limited. These represent ownership units in the issuing companies and include a variety of industries and company sizes.

• 　　Derivative Warrants:

• 　　These give the holder the right, but not the obligation, to buy or sell the underlying asset at a pre-set price before a specified expiry date. They can be based on stocks, indices, currencies, or commodities.

• 　　Callable Bull/Bear Contracts (CBBCs):

• 　　Structured products that allow investors to take bullish or bearish positions on an underlying asset without the need to own the asset directly.

• 　　Exchange Traded Funds (ETFs):

• 　　These are funds traded on an exchange, much like stocks. ETFs hold assets such as stocks, commodities, or bonds, and generally operate with an arbitrage mechanism designed to keep trading close to its net asset value, though deviations can occasionally occur.

• 　　Shanghai and Shenzhen China Connect A Shares (SSE/SZSE):

• 　　Through the China Connect service, BSL provides access to A-shares listed on the Shanghai and Shenzhen stock exchanges. This service allows international investors to participate in the Chinese mainland stock markets via the trading links between the Shanghai or Shenzhen Stock Exchanges and the Hong Kong Stock Exchange.

BSL Fee Review

　　BSL's fee structure is diverse, accommodating various trading methodologies, from online and smartphone app orders to traditional phone dial-ins, each with different brokerage rates.

　　The firm implements standard market charges like stamp duty and transaction levies, while also offering specialized fees for services like scrip handling and settlement. Notably, some fees are waived, such as the CCASS fee, adding a financial incentive for traders.

　　Account maintenance is largely cost-free except for historical statement requests beyond the previous month. Nominee services include minimal charges for dividend collection and corporate actions.

　　Financing services feature interest rates based on the prime rate with additional margins, and the real-time stock price quote service offers subscription-based access tailored to different geographical needs.

Service Category	Fees Description	Specific Fees
Brokerage Commission	Online & Smart Phone App Orders	0.10% on gross amount (Min. HK$50)
	Phone Dial-in	0.25% on gross amount (Min. HK$100)
Market and Transaction Fees	Stamp Duty	0.1% on gross amount (rounded up)
	Transaction Levy	0.0027% on gross amount
	HKEx Trading Fee	0.003% on gross amount (Min. HK$2, Max. HK$100)
	FRC Transaction Levy	0.00015% on gross amount (rounded)
Scrip Handling and Settlement	Stock Deposit	Free
	Stock Withdrawal	HK$5 per transfer deed
	Compulsory Share Buy-back Fee	HK$300 per transaction
Account Maintenance	Dormant Account Fee	Nil
	Request for Historical Statements Fee	Free for one month, HK$50 per statement afterward
Nominee Services and Corporate Actions	Scrip Fee	HK$5 per certificate + HK$100 handling fee per Registrar
	Dividend Collection Fee	0.12% CCASS Settlement Fee + 0.18% on Dividend Amount (Min. HK$10, Max. HK$100)
Financing and Other Services	Margin Account Financing Charge	Prime rate (BOC) + 3.5% to 5%
	Cash Account Overdue Interest	HK$50 per case
Real-Time HK Stocks Price Quote Service	For International Usage	HK$360 per month
	For Mainland Usage	HK$198 per month



BSL Trading Platform Review

　　Business Securities Limited offers a robust trading platform that is accessible through various devices, enhancing the trading experience for its clients. The platforms available include:

• 　　Google Play Android Securities Trading App: Allows users to trade securities directly from Android devices, ensuring easy access and mobility.

• 　　App Store iOS Securities Trading App: Provides iOS users with a easy trading experience, enabling trades and portfolio management on Apple devices.

• 　　Android APK Download: Offers an alternative method for Android users to download and install the trading app directly, attracting users who may not have access to Google Play.



Customer Service

　　Business Securities Limited provides customer support from its office located at 20-21 Floor, 83 Queen's Road East, Wanchai, Hong Kong.

　　Clients can easily reach out for assistance or inquiries through multiple communication channels: they can call the main office at +852 2866 8888, send a fax to +852 2866 8800, or email inquiries to info@bfs.com.hk.



Research & Education

　　BLS offers several announcements and updates highlight operational changes and warnings about fraudulent websites, which indirectly contribute to customer education by informing and protecting clients against potential scams.

　　For instance:

• 　　Notices about fraudulent websites: These announcements serve to alert clients about the existence of false websites, enhancing their awareness and safety online.

• 　　Operational adjustments: Announcements about operational changes, such as the suspension of securities trading services or adjustments to the operations, like only accepting sell orders, provide clients with crucial operational information that affects their trading activities.

　　Additionally, the launch of a new website mentioned in the announcements could potentially enhance the user experience and provide more accessible information, possibly including educational resources, though this is not specified in the text provided.



Conclusion

　　Business Securities Limited (BSL) is a well-established financial services provider based in Hong Kong, offering a range of trading and investment services. The company operates with a strong focus on security and client support, as evidenced by its multiple channels for customer communication and timely warnings about fraudulent online activities. BSL ensures regulatory compliance and investor protection under the oversight of the Hong Kong Securities & Futures Commission, enhancing its credibility and reliability in the financial marketplace.

FAQs

• 　　What types of trading services does BSL offer？

• 　　BSL provides securities trading, internet trading suspension, and allows only sell orders and withdrawals as part of their operational adjustments.

• 　　How can I contact BSL for support？

• 　　You can contact them via phone at +852 2866 8888, fax at +852 2866 8800, or email at info@bfs.com.hk.

• 　　What measures does BSL take for client security？

• 　　BSL secures client funds in trust accounts and provides compensation protection up to HK$500,000 through the Hong Kong Investor Compensation Fund. They also alert clients to fraudulent websites to prevent scams.

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.