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BOOM Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-28 16:07

Abstract:Boom Securities is a Hong Kong-based online broker founded in 1997 and regulated by the Hong Kong SFC (CE Number: AEF808). It offers access to global stock and futures markets through its proprietary web and mobile trading platforms, without charging deposit or withdrawal fees.

BOOM Review Summary
Founded1997
Registered Country/RegionHong Kong
RegulationSFC
Market InstrumentsMulti-market stocks, futures contracts, stock futures, currency futures, interest rates futures, metal futures
Demo Account❌
Trading PlatformWeb, mobile
Minimum Deposit0
Customer SupportTel: +852 2255 8888
Email: service@boomhq.com

BOOM Information

  Boom Securities is a Hong Kong-based online broker founded in 1997 and regulated by the Hong Kong SFC (CE Number: AEF808). It offers access to global stock and futures markets through its proprietary web and mobile trading platforms, without charging deposit or withdrawal fees.

BOOM Information

Pros and Cons

Pros Cons
Regulated by Hong Kong SFCNo demo accounts available
Access to 12+ global stock & futures marketsInactivity fee charged for dormant accounts
No deposit or withdrawal fees

Is BOOM Legit?

  Boom Securities (H.K.) Limited is a legitimate and regulated financial institution. It is authorized by the Securities and Futures Commission (SFC) of Hong Kong, which is a well-respected regulatory body in the financial industry. The company holds a Dealing in futures contracts license with the license number AEF808.

license

What Can I Trade on BOOM?

  Boom Securities offers a variety of trading instruments including U.S. stocks, Hong Kong and global futures, covering indexes, currencies, interest rates, commodities, energies, and metals.

Tradable Instruments Supported
Currencies✔
Commodities✔
Indexes✔
Stocks✔
ETFs✔
Cryptocurrencies❌
Bonds❌
Options❌
products

Account Type

  Boom Securities offers a total of 4types of live trading accounts: Individual/Joint Accounts, Corporate Accounts, Margin Accounts, and Cash Accounts. Each account is designed to suit different types of traders, from personal investors and corporate entities to active U.S. day traders.

Account TypeFeatureSuitable for
Individual/JointFor individual use or jointly owned by two peoplePersonal investors
CorporateDesigned for companies to manage trading operationsBusinesses or institutions
MarginEnables flexible trading with the ability to use unsettled fundsActive or day traders in U.S. stocks
CashTrades only with settled cash; no margin or unsettled proceeds can be usedConservative or long-term investors
Account Types

BOOM Fees

  Boom Securities fee structure is transparent and generally competitive compared to industry standards. The broker does not charge hidden spreads or high platform fees, and many essential services (like deposits, withdrawals, and statements) are free of charge. However, some real-time data and corporate services may incur moderate fees.

MarketCommission Fees
U.S. EquitiesUSD 20 per trade
Hong Kong Stocks0.18% per trade
Global Markets0.50% or lower per trade
BOOM Fees

  Non-Trading Fees

Non-Trading Fees Amount
Deposit Fee 0
Withdrawal Fee 0
Inactivity Fee HKD 200 (Individual/Joint) HKD 1,000 (Corporate)
Non-Trading Fees

Trading Platform

Trading PlatformSupported Available Devices
Web Trading Platform✔Desktop / Web Browser
Mobile Trading App✔iOS & Android devices

Deposit and Withdrawal

  Boom Securities does not charge any fees for deposits or withdrawals. There is no minimum deposit or withdrawal amount, except for eDDA deposits, which have a minimum of HKD 200.

Deposit Options

Deposit Options Minimum DepositDeposit Fees Deposit Processing Time
eDDA (Electronic Direct Debit)HKD 2000Within 5 minutes (under normal conditions)
FPS / Internet / Phone Banking / ATM0Same day during business hours
Bank Transfer / Telegraphic TransferVaries by bank
Cheque / Bank Draft/

Withdrawal Options

Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time
To Designated Bank Account00Same day if before 12:00 PM HK time
Withdrawal by ChequeSame day
Transfer to Other Bank Accounts Processed upon approval of instruction
deposit and withdrawal

Related broker

Regulated
BOOM
Company name:Boom Securities (H.K.) Limited
Score
6.85
Website:http://www.boom.com/en/
Over 20 years | Regulated in Hong Kong China | Dealing in futures contracts | Suspicious biz area
Score
6.85

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