CSCI Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 15:04

Abstract：CSCI (China Securities International Brokerage) offers wealth management, equity trading, bonds, and corporate finance. The company is well-established in Hong Kong and offers individual and institutional investors powerful trading capabilities. Its features are extensive, however demo accounts are missing.

CSCI Review Summary
Founded	2013
Registered Country/Region	HK
Regulation	SFC
Market Instruments	Asset Management, Corporate Finance, Wealth Management, Equity, Bonds, Futures, Fund Trading, Insurance
Demo Account	❌
Leverage	/
Spread	/
Trading Platform	HK/US Stocks Software Download, HK/US Stocks Web Version 1 & 2, Futures Client
Min Deposit	/
Customer Support	Email: cs@csci.hk
	Phone: Mainland China 95587, press 7 for CSCI services; Hong Kong (+852) 3465 5600
	Address: 18th Floor, Two Exchange Square, Central, Hong Kong

CSCI Information

　　CSCI (China Securities International Brokerage) offers wealth management, equity trading, bonds, and corporate finance. The company is well-established in Hong Kong and offers individual and institutional investors powerful trading capabilities. Its features are extensive, however demo accounts are missing.

Pros and Cons

Pros	Cons
Regulated by the Hong Kong SFC	No demo account
Diverse range of financial products
No deposit or withdrawal fees

Is CSCI Legit?

　　Yes, China Securities (International) Brokerage is a legitimate financial entity regulated by the Securities and Futures Commission of Hong Kong (SFC). The license type is for Dealing in Futures Contracts, and the license number is BAU373.

What Can I Trade on CSCI?

　　For investors, CSCI offers a varied spectrum of financial products and services. They provide access to several markets, including fund trading on both regional and worldwide platforms as well as equity, bonds, futures.

Tradable Instruments	Supported
Asset Management	✔
Corporate Finance	✔
Equity & Debt Capital Market	✔
Wealth Management	✔
Hong Kong Stock Market	✔
U.S. Stock Market	✔
Global Markets	✔
Futures Market	✔
Fund Trading	✔
A-Share Market (China)	✔
Bonds	✔
Insurance	✔

CSCI Fees

　　Main Trading Fee Structure

Service Type	Commission Rate	Minimum Fee
Phone Trading Service	0.25%	HKD 100
Online Trading Service	0.20%	HKD 100

　　Margin Financing Service

　　CSCI also offers margin financing, with rates based on the amount being financed.

Margin Account	Interest Rate
Up to Lending Value	Hong Kong Prime Rate (P) + 3%
Beyond Lending Value	P + 8%
Exceeding Account Value	P + 13%
Current Hong Kong Prime Rate (P)	5.875% as of October 2, 2024

　　Agency Services & Corporate Actions Charges

　　Depositing Physical Stocks: HKD 5 stamp duty per certificate (handling fee waived).

　　Withdrawing Physical Stocks: HKD 5 per lot, minimum HKD 50.

　　Receiving Dividends: 0.5% of the interest collected, minimum HKD 50, maximum HKD 10,000.

Non-Trading Fees

Non-Trading Fees	Fee
Deposit Fee	None
Withdrawal Fee	Bank transfer fees apply (e.g., domestic transfers HKD 150, overseas transfers USD 20-50)
Inactivity Fee	None
Returned Cheque Fee	HKD 500 per cheque
Bank Transfer Payment Fee	HKD 100 (HKD) / RMB 80 / USD 15
Providing Asset Record	HKD 500 per request
Mail Statement Fee (Domestic)	HKD 20 per mailing
Mail Statement Fee (Overseas)	HKD 50 per mailing

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
HK/US Stocks Software Download	✔	Desktop	Advanced HK/US stock traders
Futures Client	✔	Desktop	Futures traders needing advanced tools
HK/US Stocks Web Version 1	✔	Web Browser	HK/US stock traders preferring browser access
HK/US Stocks Web Version 2	✔	Web Browser	Flexible HK/US stock trading

Deposit and Withdrawal

　　CSCI does not charge any fees for deposits or withdrawals.

　　Deposit Options

Deposit Options	Min. Deposit	Fees	Processing Time
Bank Transfer (HSBC HK)	Not Specified	Free	Before 4 PM: Same Day, After 4 PM: Next Trading Day
Bank Transfer (Bank of China)	Not Specified	Free	Before 4 PM: Same Day, After 4 PM: Next Trading Day
Bank Transfer (ICBC Asia)	Not Specified	Free	Before 4 PM: Same Day, After 4 PM: Next Trading Day