User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Regulated
Score
7.19 /10
Good
SUNWAH KINGSWAY
Above 20 yearsRegulated in Hong Kong
Dealing in futures contracts
Suspicious Scope of Business
Add brokers
Comparison
Quantity 2
Exposure
Time Machine
Website
Score
Regulatory Index6.54
Business Index9.15
Risk Management Index9.92
Software Index5.89
License Index6.54
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
Download App for complete information
WikiFX Verification
Exposure
2 pieces of exposure in total Pyramid scheme complaint
Expose| Aspect | Information |
| Company Name | SUNWAH KINGSWAY |
| Registered Country/Area | Hong Kong |
| Founded Year | 1990 |
| Regulation | SFC |
| Services | Equities,Futures & Commodities,Securities Margin Financing,Electronic Trading |
| Account Types | Individual / Joint account, Corporate account |
| Fees | Brokerage Commissions:0.25% on transaction amount. (Subject to a minimum HK$50.00 to HK$100.00) |
| Trading Platform | SUNWAH KINGSWAY Electronic Trading Platform, Sunwah Kingsway APP(Android and iOS) |
| Customer Support | Phone: +852 2283 7373Email: customerservice@sunwahkingsway.com |
SUNWAH KINGSWAY Information
Established company SUNWAH KINGSWAY in Hong Kong for more than 20 years provides electronic and mobile trading platforms in addition to varied trading services including stocks and commodities.
The company supports several account kinds with a minimum brokerage cost of 0.25%. Smaller investors could be discouraged, nevertheless, by the set minimum charge. Customer service is reachable via phone and email.
Regulation Status
SFC in Hong Kong controls SUNWAH KINGSWAY locally, therefore guaranteeing adherence to the strict financial rules of the area.
Through its several trading platforms, this regulatory control providing services like equities trading, futures and commodities, and securities margin financing.
Pros and Cons
Starting at HK$50, SUNWAH KINGSWAY offers both individual and institutional accounts, has a unique trading platform using a mobile app, and keeps low commission rates.
However, the company asks for account mainenance fees.Also,it only has a few stocks that can be traded. It is only regulated in its own country and doesn't have a license that lets it operate in other countries.
| Pros | Cons |
| Individual Account And Institutional Account | Asking For Account Mainenance Fees |
| Unique Trading Platform(With Mobile APP) | Limited Tradable Securities |
| Low Commissions(As low as HK$50) | Only local regulated without license |
Market Instruments
Presenting a range of stocks for trading, Sunwah Kingsway attracts both regular and institutional investors.
Sunwah Kingsway provides trading equity brokerage services on the Stock Exchange in Hong Kong, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange among other markets. Their outstanding performance has earned them a reputation as among Hong Kong's top local brokerage firms.
Through Sunwah Kingsway's brokerage platform, clients can trade futures and commodities, therefore enabling diversified investment strategies and hedging options.
The company provides margin financing services, which let customers use their money to buy more securities so optimizing their assets.
Sunwah Kingsway offers services for clients to subscribe to initial public offers, therefore providing access to fresh investment prospects in the market.
Account Types
Sunwah Kingsway offers two kind of accounts for its consumers.
Individual or joint: Proprietors of this kind of account are free to Applications for opening this account must show certified true copies of their passports or Hong Kong ID cards together with evidence of residential address during the past three months, including credit card statements or utility bills.
Corporate Account: Open to non-Hong Kong as well as Hong Kong businesses. Documents needed for a Hong Kong company include Memorandum & Articles of Association, Business Registration Certificate, Certificate of Incorporation, and most recent annual return.
Fees
- Fee Structure for Hong Kong Securities at Sunwah Kingsway
Sunwah Kingsway imposes a 0.0027% (SFC) transaction levy, a trading fee of 0.00565% (HKEX), and a stamp duty of 0.1% (HKSAR) on the transaction amount for Hong Kong Securities. Subject to a minimum charge of HK$50.00 to HK$100.00, there is also an AFRC transaction levy of 0.00015% and a brokerage commission of 0.25% on the transaction amount.
Sunwah Kingsway imposes a transfer deed fee of HK$5.00 per form, an express registration fee for physical share certificates at HK$100.00 plus HK$20.00 per certificate, a stock withdrawal fee of HK$3.50 per board lot, and further handling fees ranging from HK$50.00 to HK$100.00 per transaction for scrip handling and settlement.
Information Services: The firm charges HK$380 for worldwide access and HK$258 for Mainland China access; it provides real-time price quote services.
Account maintenance expenses comprise a CCASS stock custody fee of HK$0.012 per board lot, a stock segregated account statement service fee of HK$10.00 per month, and a dormant account charge of HK$50.00 per month for accounts dormant for more than two years.
Nominee Services and Corporate Actions:
With prices ranging from HK$5.00 to HK$200.00 depending on the service Sunwah Kingsway charges nominee services and corporate actions including a 0.12% fee on dividends, a HK$1.50 scrip fee per board lot, and handling fees for various corporate actions such dividend claims and rights issues.
Financing and Other Services:
CIES pays HK$10,000.00 year as administration charge for financing and other services. For outstanding margin call amounts, margin clients pay interest rates of 8% p.a. plus the higher of Prime or HIBOR; for other debit balances, 2% p.a. plus the higher of Prime or HIBOR. Cash customers pay different transaction fees depending on the higher of Prime or HIBOR and deal with interest rates on late debit balances. Their standing instructions will alter.
| Service Category | Fee Description | Fee Amount |
| Trade-Related Services | Transaction Levy (SFC) | 0.0027% of transaction amount |
| Trading Fee (HKEX) | 0.00565% of transaction amount | |
| Stamp Duty (HKSAR) | 0.1% of transaction amount | |
| AFRC Transaction Levy | 0.00015% of transaction amount | |
| Brokerage Commission (KSL) | 0.25% of transaction amount (Min HK$50.00 - HK$100.00) | |
| Scrip Handling and Settlement | Transfer Deed Fee (HKSCC) | HK$5.00 per form |
| Express Registration Fee (HKSCC) | HK$100.00 + HK$20.00 per share certificate | |
| Stock Withdrawal Fee (HKSCC) | HK$3.50 per board lot | |
| Stock Withdrawal Handling Fee (KSL) | HK$50.00 per stock | |
| Outgoing SI / ISI Fee (KSL) | HK$100.00 / HK$50.00 per transaction | |
| Multi-Counter Transfer Fee (KSL) | HK$5.00 per transaction | |
| Information Services | Real-Time Price Quote Fee (KSL) | HK$380 (worldwide) / HK$258 (Mainland China) |
| Account Maintenance | CCASS Stock Custody Fee (HKSCC) | HK$0.012 per board lot |
| Stock Segregated Account Statement Service (HKSCC) | HK$10.00 per month | |
| Dormant Account Charge (KSL) | HK$50.00 per month (inactive > 2 years) | |
| Nominee Services and Corporate Actions | Dividend Charge (HKSCC) | 0.12% of dividend amount |
| Scrip Fee (HKSCC) | HK$1.50 per board lot | |
| Dividend Claim Fee + Handling Fee (HKSCC) | 0.12% + HK$200.00 per claim | |
| Corporate Actions Fee for Rights Issue (HKSCC) | HK$0.80 per board lot | |
| Handling Fee for Dividend Claim (KSL) | HK$5.00 per board lot (Min HK$200.00) | |
| Handling Fee for Dividend Received (KSL) | 0.50% of dividend amount (Min HK$20.00, Max HK$2,500.00) | |
| Handling Fee for Bonus Shares, Rights Issue, Warrants (KSL) | HK$30.00 per stock | |
| Handling Fee for Cash / Open Offer (KSL) | 0.25% of gross offer amount (Min HK$20.00, Max HK$5,000.00) | |
| Financing and Other Services | Administration Fee of CIES (KSL) | HK$10,000.00 per year |
| Interest Rate for Margin Clients | 8% p.a. + (higher of Prime or HIBOR) for margin call amounts; 2% p.a. + (higher of Prime or HIBOR) for other debit balances | |
| Interest Rate for Cash Clients | Based on the higher of Prime or HIBOR | |
| Interest Bearing for Free Credit Balance | NIL for < HK$1000; HK$ savings rate for ≥ HK$1000 | |
| Payment to Third Party (KSL) | HK$100.00 per transaction | |
| CHATs Payment (KSL) | HK$150.00 per transaction (HK$500.00 if translation required) | |
| TT Payment (Overseas/Mainland China) (KSL) | HK$550.00 / HK$700.00 per transaction | |
| Change of Information in Standing Instruction (KSL) | HK$70.00 per request | |
| Returned Cheque Fee (KSL) | HK$100.00 per transaction | |
| Cheque Mark Good (KSL) | HK$300.00 per transaction | |
| Stop Payment Fee (KSL) | HK$150.00 per transaction | |
| Handling Fee for Unidentified Deposit (KSL) | HK$50.00 per deposit | |
| Application Fee for IPO – Financing / Non-Financing (KSL) | HK$100.00 / HK$50.00 | |
| Receiving Statements by Mail (KSL) | HK$100.00 per month | |
| Charges for Past Monthly Statement (KSL) | HK$100.00 per month |
- Fee Structure for Hong Kong Stock Options at Sunwah Kingsway
Trade-Related Services:
- Brokerage Commission (KSL): 1% on contracted value plus an execution fee of HK$2.00 per contract (minimum HK$50.00)
- Trading Fee (HKEX):
- HK$3.00 per contract for Tier 1
- HK$1.00 per contract for Tier 2
- HK$0.50 per contract for Tier 3
Fees for Exercise / Assign:
- Exercise Fee (HKEX): HK$2.00 per contract
Other Services:
- Receiving Statements by Mail (KSL): HK$100.00 per month
- Debit Balance in the Account (KSL): Higher of Prime or HIBOR
*Note: Relevant information regarding the tier level of individual stock options classes can be found at the HKEX website: HKEX Stock Options Class List.
| Service Category | Fee Description | Fee Amount |
| Trade-Related Services | Brokerage Commission (KSL) | 1% on contracted value + HK$2.00 per contract (Min HK$50.00) |
| Trading Fee (HKEX) - Tier 1 | HK$3.00 per contract | |
| Trading Fee (HKEX) - Tier 2 | HK$1.00 per contract | |
| Trading Fee (HKEX) - Tier 3 | HK$0.50 per contract | |
| Fees for Exercise/Assign | Exercise Fee (HKEX) | HK$2.00 per contract |
| Other Services | Receiving Statements by Mail (KSL) | HK$100.00 per month |
| Debit Balance in the Account (KSL) | Higher of Prime or HIBOR |
- Fee Structure for Local Futures and Index Option at Sunwah Kingsway
With equivalent exchange costs of HK$10.00 and an SFC levy of HK$0.54, Sunwah Kingsway's fee structure for local futures and index options consists in a commission of HK$50.00 for day transactions and HK$90.00 for overnight trades on Hang Seng Index Futures. Mini-Hang Seng Index Futures carry SFC levies of HK$0.10, exchange fees of HK$3.50, commissions of HK$12.00 and HK$20.00.
Hang Seng TECH Index Futures and H-Share Index Futures show similar trends. With an exchange fee and HK$0.54 SFC levy, Hang Seng Index Options pay HK$90.00 for both day and overnight trades.
Lower commissions and fees abound in Mini-Hang Seng Index Options and H-Share Index Options. Extra costs include RMB$50.00 for USD/CNH Futures and HK$50.00 to HK$90.00 for BRICS and HSI Volatility Index Futures. There also includes a HK$100.00 exercise fee.
| Futures/Options | Commission (Day Trade) | Commission (Overnight Trade) | Exchange Fees | SFC Levy |
| Hang Seng Index Futures | HK$50.00 | HK$90.00 | HK$10.00 | HK$0.54 |
| Mini-Hang Seng Index Futures | HK$12.00 | HK$20.00 | HK$3.50 | HK$0.10 |
| H-Shares Index Futures | HK$50.00 | HK$90.00 | HK$3.50 | HK$0.54 |
| Mini H-Shares Index Futures | HK$12.00 | HK$20.00 | HK$2.00 | HK$0.10 |
| Hang Seng TECH Index Futures | HK$50.00 | HK$90.00 | HK$5.00 | HK$0.54 |
| Hang Seng Index Options | HK$90.00 | HK$90.00 | HK$10.00 | HK$0.54 |
| Mini-Hang Seng Index Options | HK$20.00 | HK$20.00 | HK$2.00 | HK$0.10 |
| H-Shares Index Options | HK$90.00 | HK$90.00 | HK$3.50 | HK$0.54 |
| Hang Seng TECH Index Options | HK$90.00 | HK$90.00 | HK$5.00 | HK$0.54 |
| BRICS Futures | HK$50.00 | HK$90.00 | HK$10.00 (Brazil) / HK$5.00 (Russia, India & South Africa) | HK$0.54 |
| USD/CNH Futures | RMB$50.00 | RMB$90.00 | RMB$8.00 | Nil |
| HSI Volatility Index Futures | HK$50.00 | HK$90.00 | HK$10.00 | HK$0.54 |
| Exercise Fee | HK$100.00 |
Trading Platform
Through their Kingsway Financial Smartphone Trading App, Sunwah Kingsway provides a strong mobile trading platform meant to enable customers to quickly, anywhere, grab investment opportunities.
The app offers corporate and financial information for HK listed firms, market information including HK, China, and international indices, stock performance for every industry, and tools.
Customer Support
Kingsway Financial Services provides client help via several avenues. For direct help, clients may phone the customer support staff at +852 2283.
For questions and support, also reach out by email at customerservice@sunwahkingsway.com. With its headquarters at 7/F., Tower One, Lippo Centre, 89 Queensway, Hong Kong, the company offers a convenient site for in-person meetings and support.
Conclusion
With more than 20 years of experience, Hong Kong-based SUNWAH KINGSWAY offers a whole spectrum of financial services including stocks, futures, commodities, and securities margin lending. Its unique mobile and electronic trading solutions attract to both personal and corporate clients.
Local laws limit the company's activities even if it offers a wide spectrum of services and low costs. This might make it less appealing to foreign traders seeking more all-encompassing legislative control.
FAQs
- What account options are available at SUNWAH KINGSWAY？ - SUNWAH KINGSWAY provides individual/joint accounts and corporate accounts.
2. What is the customer method of contacting SUNWAH KINGSWAY？
- SUNWAH KINGSWAY can be contacted by phone at +852 2283 7373 or by email at customerservice@sunwahkingsway.co
- What trading platforms does SUNWAH KINGSWAY use？
- SUNWAH KINGSWAY uses the unique SUNWAH KINGSWAY Electronic Trading Platform with mobile app.
Risk Warning
Online trading exposes a significant risk, hence you run the danger of losing all the money you deposit.
Not fit for every trader or investor is it. Clear knowledge of the possible risks is crucial, and one should keep in mind that changes in corporate rules and service improvements could affect the data of this evaluation.
2
start to write first comment