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Regulated
Score
7.20 /10
Good
Open Securities
15-20 yearsRegulated in Hong Kong
Dealing in futures contracts
Suspicious Scope of Business
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index6.54
Business Index9.07
Risk Management Index9.92
Software Index5.89
License Index6.58
Time Machine
Website
Licenses
VPS Standard
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| Open Securities Review Summary | |
| Founded | 1994 |
| Registered Country/Region | Hong Kong |
| Regulation | Regulated by Securities and Futures Commission (SFC), License No.: ACS694 |
| Market Instruments | Hong Kong Stocks, Hong Kong Futures, U.S. Stocks, Asset Management Services |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | Web Trade, Longport Mobile App (iOS, Android) |
| Min Deposit | $5,000 per transaction |
| Customer Support | - Phone:(852) 3405-7355 |
| - Email: cs@opensecltd.com | |
| - Address: Room 3208–09, 32/F, Tower 6, The Gateway, Hong Kong | |
Open Securities Information
Based in Hong Kong, Open Securities is an SFC-regulated broking with licence number ACS694. The company specialises in asset management, Hong Kong futures, trading Hong Kong and U.S. equities, It meets different trading preferences by providing clear pricing and supporting both web-based and mobile trading systems.
Pros and Cons
| Pros | Cons |
| Regulated by Hong Kongs SFC | Minimum deposit of $5,000 required |
| Clear fee structure | Limited product range |
| Supports web and mobile platforms |
Is Open Securities Legit?
Hong Kong's Securities and Futures Commission regulates Open Securities Limited. Licence ACS694 covers “Dealing in futures contracts,” which the company owns. The SFC regulates Open Securities Limited to ensure it follows Hong Kong law and standards, giving it credibility and compliance in its financial operations.
What Can I Trade on Open Securities?
Open Securities offers trading services primarily in the Hong Kong stock market, along with U.S. stocks and futures.
| Tradable Instruments | Supported |
| Hong Kong Stocks | ✔ |
| Hong Kong Futures | ✔ |
| U.S. Stocks | ✔ |
| Asset Management Services | ✔ |
Account Types
The brokerage provides two main account types:
- Cash Account: For non-leveraged stock trading in Hong Kong, using only available funds.
- Margin Account: Allows for leveraged trading, enabling clients to trade on borrowed funds.，
Open Securities Fees
Open Securities charges trading and non-trading fees that are comparable to Hong Kong securities trading industry rates.
| Instrument | Spread | Commission per Transaction | Additional Costs |
| Hong Kong Stocks | Not specified | Negotiable, 0.25% of transaction amount (Min HK$100) | Stamp Duty, Transaction Levy, Trading Fee, CCASS Fee |
| Shanghai A / Shenzhen A Stocks | Not specified | Negotiable, 0.25% of transaction amount (Min CNY50) | Stamp Duty (0.10% on seller side), Securities Management Fee, Handling Fee, Transfer Fee |
| U.S. Stocks | Not specified | Negotiable, 0.25% of transaction amount (Min US$20) | Extra US$0.01 per share if price < US$5 |
Non-Trading Fees
| Service | Currency | Fee Details |
| Brokerage Commission (HK Stocks) | HKD | Negotiable, 0.25% on transaction amount (Min HK$100) |
| Stamp Duty (HK Stocks) | HKD | HK$1.30 per HK$1,000 transaction (for both buyer and seller) |
| Transaction Levy (SFC) | HKD | 0.0027% on transaction amount |
| Trading Fee (SEHK) | HKD | 0.00565% on transaction amount |
| CCASS Fee | HKD | 0.002% on transaction amount (Min HK$2, Max HK$100) |
| Dividend Collection Fee (HK Stocks) | HKD | 0.50% on dividend amount (Min HK$25) |
| Settlement Instruction (SI) | HKD | HK$50 per transaction (Delivery Instructions) |
| Custody Fee | HKD | Free (exempted by TCCS) |
| Returned Cheque | HKD | HK$200 per returned cheque |
| IPO Application (Manual) | HKD | Non-financing: HK$50 per application; Financing: HK$100 (if applicable) |
| Dividend Collection Fee (Shanghai A / Shenzhen A) | CNY | 0.50% on dividend amount (Min CNY30) |
| U.S. Stock Dividend Tax | USD | 30% on dividend amount (Min US$0.05) |
| Settlement Instruction (U.S. Stocks) | USD | US$100 per delivery transaction; US$30 per receipt transaction |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for What Kind of Traders |
| Web Trade | ✔ | Web Browser | Traders who prefer browser access, direct and flexible access options |
| Longport Mobile App | ✔ | Mobile (iOS, Android) | Traders needing mobile access, with login options including SMS verification, account credentials, and QR code scan for secure login |
Deposit and Withdrawal
Open Securities does not charge fees for deposits. However, withdrawals may incur bank charges, especially for international transfers. The minimum deposit required per transaction is $5,000.
| Deposit & Withdrawal Method | Fees | Processing Time |
| Check Payment (Local) | None | Next business day |
| Bank Transfer (Local) | Varies by bank | Same day |
| International Transfer | Bank fees apply | 1-2 business days after request |
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