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Company Name
Wing Fung Financial Group
Company Abbreviation
Wing Fung
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
| Wing Fung Review Summary | |
| Founded | 2000 |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE, SFC, SFC (Revoked), SFC (Exceeded) |
| Market Instruments | Precious Metals, Securities, Futures, Forex |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | From 1 pip |
| Trading Platform | Wing Fung Official APP, Wing Fung Securities for Online and App, Wing Fung Futures SP Trader Pro |
| Min Deposit | / |
| Customer Support | Live chat |
| Hong Kong Hotline: (852) 2303 8690 | |
| Mainland China Toll Free: 400 120 1090 | |
| Fax: (852) 3914 9568 | |
| China Fax: 400 120 1003 | |
| Email: cs@wfgold.com, csgold@wfgold.com | |
| Facebook and YouTube | |
Wing Fung is a member of the Chinese Gold and Silver Exchange in Hong Kong (CGSE) (Member No. 34) and enjoys the status of Bullion Group, casting 999.9 and 99 gold bars under the “Wing Fung” brand recognized in Hong Kong. Additionally, Wing Fung has been appointed by the Chinese Gold and Silver Exchange as a liquidity provider for the loco London gold market.
Pros and Cons
| Pros | Cons |
| Long history | Only support English & Chinese |
| Regulated by CGSE and SFC | Limited tradable asset classes |
| Tight spreads | Limited info on trading conditions |
| No commissions | No MT4/5 |
| Live chat support | Limited payment options |
Is Wing Fung Legit?
Yes, Wing Fung is regulated by the Chinese Gold & Silver Exchange Society (CGSE) and Securities and Futures Commission of Hong Kong (SFC).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
|---|---|---|---|---|---|
 | The Chinese Gold & Silver Exchange Society (CGSE) | Regulated | 永豐珠寶國際有限公司 | Type AA License | 034 |
 | Securities and Futures Commission of Hong Kong (SFC) | Regulated | Wing Fung Futures Limited | Dealing in futures contracts | AMU683 |
 | Securities and Futures Commission of Hong Kong (SFC) | Revoked | Wing Fung Forex Limited | Leveraged foreign exchange trading | ARI401 |
 | Securities and Futures Commission of Hong Kong (SFC) | Exceeded | Wing Fung Securities Limited | Common Financial Service License | AAV717 |
What Can I Trade on Wing Fung?
| Tradable Instruments | Supported |
| Precious Metals | ✔ |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Investors can choose between 368 Cash Account and Margin Account for trading Hong Kong stocks. The 368 Cash Account charges 0.05% of the transaction amount (minimum charge of HK$38 per transaction). The Margin account charges are 0.1% of the transaction amount (minimum charge of HK$38 per transaction).
Commission
Wing Fung offers competitive spreads on its forex instruments. For forex instruments, the spread on the EUR/USD pair starts from 1 pip, GBP/USD pair from 2 pips, AUD/USD pairs from 2 pips.
| Currency Pair | Spread |
| EUR/USD | From 1 pip |
| GBP/USD | From 2 pips |
| AUD/USD | From 2 pips |
The broker does not charge any commissions on forex trades, which makes it attractive for traders who do not want to incur extra fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Wing Fung Official APP | ✔ | Mobile | Experienced traders |
| Wing Fung Securities for Online and App | ✔ | Mobile | Experienced traders |
| Wing Fung Futures SP Trader Pro | ✔ | Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Wing Fung offers traders three deposit methods.
The first one is banking deposit, and traders need to deposit funds (cash, cheque, transfer or wire transfer) to Bank of China (Hong Kong) / Bank of East Asia / China Construction Bank (Asia) / DBS Bank (Hong Kong), OCBC Wing Hang Bank where Wing Fung Precious Metals has opened accounts, all cheques must be crossed.
The second way is to deposit via PPS. Customers need to open a PPS account and complete the relevant account opening procedures. Then they can immediately transfer funds to their securities account with the company online or using the PPS system over the phone (for deposits via PPS, HK$5 will be charged for each deposit of less than HK$5,000).
The third way is to fast payment system (FPS). Regarding refunds, some bank branches may suspend or shorten the service hours due to the current epidemic. The customer's withdrawal request will be changed from Monday to Friday from 2:00 pm to 12:00 noon.
