China Gather

Overview of China Gather

China Gather, established in Hong Kong in 2013, serves as a financial services platform providing a diverse range of trading assets. Investors can access stocks from major exchanges like SSE, SZSE, and HKSE, trade bonds, commodities, and explore derivative instruments and ETFs. The platform offers advantages such as competitive commission rates, flexible leverage options, and convenient online and mobile trading.

However, it faces scrutiny for exceeding regulatory limits set by the Securities and Futures Commission (SFC), raising concerns about potential hazards for traders. Users should carefully evaluate these aspects when considering China Gather for their investment activities.

Is China Gather legit or a scam？

China Gather has surpassed the regulatory standards set by the Securities and Futures Commission (SFC) of Hong Kong in dealing with securities, as indicated by its current regulatory status.

The platform, holding the license type for dealing in securities with License No. AGQ863, operates under the regulatory oversight of Hong Kong's financial authorities.

While surpassing regulatory limits may imply a commitment to high standards, it raises concerns for traders on the platform. The deviation from established regulations introduces uncertainties and potential hazards for investors, such as increased exposure to market volatility, compromised financial security, and possible disruptions in trading activities.

Traders are urged to exercise caution, conduct thorough due diligence, and consider the regulatory status as a pivotal factor in their decision-making process when engaging with China Gather.

Pros and Cons

Pros:

1. Diverse Range of Trading Assets:

1. China Gather provides investors with access to a broad spectrum of trading assets, including stocks, bonds, commodities, derivatives, and exchange-traded funds (ETFs). This diversity allows traders to explore and invest in various markets, enhancing portfolio flexibility.

2. Two Account Types Catering to Diverse Needs:

• China Gather offers two distinct account types—Standard and Margin—tailored to accommodate different investor preferences. This provides flexibility for both conservative and experienced traders, aligning with varied risk profiles and trading styles.

3. Flexible Leverage Options:

• Traders on China Gather have the flexibility to choose leverage options based on their risk tolerance and investment goals. The platform offers varying leverage ratios, allowing users to control larger positions with a relatively smaller capital.

4. Convenient Online and Mobile Trading:

• China Gather facilitates convenient trading experiences through both web-based and mobile platforms. This accessibility empowers users to manage their trades anytime, anywhere, offering flexibility and responsiveness to market changes.

5. Competitive Commission Rates:

• The platform boasts competitive commission rates for different transaction methods. This can be advantageous for traders looking to optimize their trading costs, especially in comparison to other brokerage options.

6. Multiple Deposit Methods:

• China Gather supports multiple deposit methods, including internet banking, ATM services, bank counters, and telegraphic transfers. This variety of options enhances the convenience and accessibility of funding for traders.

Cons:

1. Exceeded the Regulation by the SFC:

1. China Gather has exceeded regulatory limits set by the Securities and Futures Commission (SFC) of Hong Kong. While this may indicate commitment to high standards, it raises concerns about potential hazards for traders, including increased exposure to market volatility and compromised financial security.

2. Deficiency in Educational Resources:

• China Gather lacks comprehensive educational resources for investors. The platform's focus on research reports may leave users seeking a broader range of learning materials, such as tutorials and webinars, without adequate educational support.

3. Limited Advanced Features in the Trading Platform:

• While offering essential features for trading, China Gather's platform lacks certain advanced functionalities found in more sophisticated platforms. This limitation may impact traders who require advanced tools, such as algorithmic trading and social trading features.

In summary, China Gather offers a diverse and accessible trading platform but comes with notable considerations, particularly related to regulatory compliance, educational support, and transparency on additional fees. Investors are advised to weigh these factors carefully when choosing the platform for their trading activities.

Market Instruments

China Gather is a financial services company headquartered in Hong Kong. It provides a variety of trading assets to investors, including:

• Stocks:China Gather provides access to a wide array of stocks listed on major exchanges, allowing investors to participate in the dynamic equity markets of the Shanghai Stock Exchange (SSE), the Shenzhen Stock Exchange (SZSE), and the Hong Kong Stock Exchange (HKSE).

• Bonds: Investors can diversify their portfolios by trading government bonds, corporate bonds, and various other types of bonds through China Gather's platform, offering fixed-income investment opportunities.

• Commodities: China Gather enables investors to engage in commodity trading, including popular commodities such as oil, gas, metals, and agricultural products, providing exposure to diverse sectors of the global economy.

• Derivatives: For those seeking sophisticated investment strategies, China Gather offers access to derivative instruments like futures, options, and swaps, allowing investors to hedge risk or capitalize on market movements.

• Exchange-Traded Funds (ETFs): China Gather's platform features a range of ETFs that track different asset classes, providing investors with a convenient and cost-effective way to gain exposure to diverse markets.

Through China Gather, investors can explore and invest in global markets, gaining exposure to international opportunities and diversifying their investment portfolios across various geographical regions.

Account Types

China Gather provides a diverse range of account types to accommodate the varied needs of users, offering flexibility and tailored options for different investor preferences.

Standard Account:

The Standard account offered by China Gather provides a balanced and accessible option for a wide range of investors. With a leverage of 1:2 for stocks, it caters to those seeking a conservative approach to trading. The variable spreads and 0.15% commission for internet transactions make it suitable for beginners and conservative investors looking for cost-effective and straightforward trading. The minimum deposit requirement of HK$1,000 ensures accessibility for individuals starting their investment journey. A demo account is available for users to practice and learn without financial risk, and the WebTrader tool offers a user-friendly interface for managing trades.

Margin Account:

The Margin account is designed for experienced investors seeking to amplify their potential returns by leveraging their capital. With a higher leverage of 1:10 for stocks, this account type is suitable for those comfortable with increased risk. Variable spreads and a reduced commission of 0.08% for internet transactions make it cost-effective for larger trades. The minimum deposit requirement of HK$50,000 reflects a more substantial commitment, aligning with the risk profile of investors who are well-versed in margin trading. Like the Standard account, a demo account is available for practice, and the WebTrader tool ensures a convenient trading experience.

Professional Account:

The Professional account caters to seasoned and high-net-worth investors who are looking for extensive trading capabilities. With a significant leverage of 1:20 for stocks, this account type allows for substantial control over larger positions. The spread is variable, and the commission is negotiable, providing flexibility for sophisticated trading strategies. The minimum deposit requirement of HK$1,000,000 reflects the substantial commitment expected from professional traders. Like the other account types, a demo account is available, and the WebTrader tool ensures a seamless trading experience for this advanced user group.

How to Open an Account？

To open an account with China Gather, follow these steps:

1. Read Relevant Documents:

1. Before initiating the account opening process, carefully read the Client Agreement and Risk Disclosure provided by China Gather.

2. Download Securities Client Agreement:

• Download the Securities Client Agreement from the official China Gather platform.

3. Individual Account Documentation:

• For Individual Accounts, prepare the following documents:

• ID Card or Passport copy

• Proof of residential address issued within the last 3 months

• Relevant Tax Residency Forms (e.g., Form W-8BEN and Self-Certification Form for Individuals)

• Completed Account Opening Forms

4. Corporate Account Documentation:

• For Corporate Accounts, gather the necessary documents:

• Certificate of Incorporation

• Business Registration Certificate

• Address proof (within the last 3 months)

• Identification and Address proof (within the last 3 months) of all Directors and Authorized Signatories

• List of identification of shareholders and ultimate beneficiaries

• Company Search (within the last 6 months)/Certificate of Incumbency (within the last 6 months)/Annual Return

• Memorandum and Article of Association

• Register of Members and Register of Directors

• Latest Audited Accounts/Certificate of Good Standing (within the last 6 months)

• Board Resolution regarding account opening matters

• Organization Structure (Certified by Director)

• Relevant Tax Residency Forms (e.g., Form W-8BEN-E, Self-Certification Form for Corporates, and Self-Certification Form for Controlling Person)

• Completed Account Opening Forms

5. Submission:

• Submit the completed Account Opening Forms along with the required documents to China Gather.

6. Confirmation and Verification:

• After submission, China Gather will confirm and verify the information provided. Upon approval, your new securities account will be established.

Note: It is crucial to adhere to the specific documentation requirements outlined by China Gather and to complete all necessary forms accurately for a smooth account opening process.

Leverage

The maximum leverage of China Gather varies depending on the type of asset and the account type. For stocks, the maximum leverage is 1:2, meaning that investors can control up to 2 times the value of their account with a 100% margin deposit. For bonds, the maximum leverage is 1:4, and for commodities, the maximum leverage is 1:10.

For margin trading accounts, the maximum leverage is 1:10 for stocks, 1:20 for bonds, and 1:50 for commodities. Margin trading accounts require investors to maintain a minimum margin of 20%.

For professional accounts, the maximum leverage is 1:20 for stocks, 1:40 for bonds, and 1:100 for commodities. Professional accounts require investors to meet certain eligibility criteria, such as having at least HK$1 million in their account.

It is important to note that leverage can magnify both gains and losses. Investors should carefully consider their risk tolerance before using leverage.

Here is a table that summarizes the maximum leverage for China Gather:

Spreads & Commissions

China Gather imposes a detailed fee structure encompassing trade-related services, settlement-related services, nominee services, corporate actions, fund financial charges, and various other service charges.

For trade-related services, commissions vary based on transaction methods. Phone transactions incur a 0.25% commission (minimum HK$100.00), while internet transactions have a 0.15% commission (minimum HK$50.00). Additional fees include a trading platform fee of HK$15.00 per transaction, SFC transaction levy (0.0027% of transaction amount), SEHK trading fee (0.00565% of transaction amount), FRC transaction levy (0.00015% of each transaction amount), CCASS clearing fee (0.002% of transaction amount, minimum HK$3.00), and stamp duty (0.1% of transaction amount).

Settlement-related services include charges for stamp duty deeds, physical shares withdrawal, settlement instruction withdrawal, and investor settlement instruction withdrawal, among others.

China Gather's fee structure makes it suitable for traders who prioritize a transparent and detailed breakdown of fees, especially those engaged in internet-based transactions with a minimum charge preference.

Trading Platform

China Gather offers a versatile trading experience through its web-based and mobile app platforms. These platforms provide users access to a diverse array of financial instruments, including stocks, bonds, commodities, and derivatives from major exchanges in China and Hong Kong. One notable advantage is the user-friendly interface, complemented by multilingual support, catering to a broad audience.

Traders can enjoy live market data and news feeds, enhancing their ability to make informed decisions. The customizable charts and technical indicators add flexibility to the trading experience, allowing users to tailor their interface according to their preferences. The inclusion of basic order types, such as market, limit, and stop orders, contributes to the platform's functionality.

Furthermore, China Gather accommodates margin trading for qualified accounts, providing an additional layer of flexibility for investors seeking amplified returns. For users looking to hone their trading strategies, the availability of a demo account offers a risk-free environment.

However, it's important to note that the platform has some limitations. While it meets the basic needs of traders, it lacks certain advanced features found in more sophisticated platforms, including algorithmic trading and social trading functionalities.

In summary, China Gather's trading platform is a practical tool for investors seeking a straightforward and accessible interface, with essential features to support their trading activities.

Deposit & Withdrawal

China Gather provides investors with multiple methods for fund deposits, ensuring flexibility and convenience. The primary options include:

1. Internet Banking/ATM/Bank Counter Services:

1. Clients can use internet banking, ATM services, or visit the bank counter to deposit funds into their securities account.

2. Details for both HKD and RMB accounts are provided for major banks like HSBC and Bank of China.

2. Submit Cheque In-person:

1. Clients have the option to submit a cheque in person at China Gather's office, with the cheque made payable to “China Gather Wealth Financial Company Limited.”

2. Trading is permitted only after the successful completion of the cheque clearing process.

3. Telegraphic Transfer:

1. Clients can opt for telegraphic transfer for both Hong Kong Dollar (HKD) and China Yuan (CNY).

2. Details such as the beneficiary's name, bank information, and SWIFT codes are provided for The Hongkong and Shanghai Banking Co Ltd.

China Gather imposes specific fees for various payment transactions. For HKD House Transfer (HSBC Only), clients will incur a fee of HK$100.00 per transaction. Local Bank Transfer (Chats) comes with a charge of HK$300.00 per transaction, while Oversea Bank Telegraphic Transfer (T/T) involves a fee of HK$400.00 per transaction.

It's crucial for users to note that additional Bank Fees & Charges may apply if required. These fees contribute to the overall cost structure of financial transactions on the platform. Users should carefully consider and plan for these fees as part of their overall cost analysis when engaging in fund transfers with China Gather.

Customer Support

China Gather Wealth Finance Limited provides customer support through various channels.

For inquiries, individuals can contact them at +852 2890 9633 or reach out via email at mail@cgwfinance.com. Additionally, their official website http://www.cgwfinance.com/default.asp？langcode=en offers information and resources.

The provided contact details enable clients to seek assistance, obtain information on financial services, or address any concerns they may have. This multi-channel approach ensures accessibility for clients seeking support from China Gather Wealth Finance Limited.

Educational Resources

China Gather lacks comprehensive educational resources, presenting a gap in its offerings for investor education. The platform appears to focus primarily on providing information through research reports rather than offering a broader range of educational materials.

Unlike some competitors that provide tutorials, webinars, and articles to empower users with knowledge on trading strategies, market analysis, and other relevant topics, China Gather's educational offerings seem limited. This deficiency in educational resources may pose a challenge for users who seek a more robust learning experience to enhance their understanding of financial markets and improve their decision-making skills.

Conclusion

In conclusion, China Gather presents a compelling option for traders, offering a diverse range of market instruments, competitive commission rates, and convenient online and mobile trading platforms. The platform's commitment to providing multiple deposit methods and a variety of account types, catering to both novice and experienced investors, adds to its appeal. The availability of leverage options enhances flexibility, allowing users to tailor their trading approach to their risk tolerance and financial goals.

However, potential users should approach China Gather with a cautious perspective. The platform has faced regulatory concerns, having exceeded the standards set by the Securities and Futures Commission (SFC) of Hong Kong in dealing with securities. This deviation from established regulations introduces uncertainties for traders, including potential hazards such as increased exposure to market volatility and compromised financial security. Moreover, the platform lacks comprehensive educational resources, potentially hindering the learning experience for users seeking a more robust understanding of financial markets.

FAQs

Q: What trading assets are available on China Gather？

A: China Gather provides access to a diverse range of assets, including stocks, bonds, commodities, derivatives, and exchange-traded funds (ETFs).

Q: How many account types does China Gather offer？

A: China Gather offers three account types: Standard, Margin, and Professional, each designed to cater to different investor preferences and experience levels.

Q: What is the maximum leverage offered by China Gather？

A: Maximum leverage varies by asset and account type, reaching up to 1:20 for stocks in the Professional account.

Q: Does China Gather have a demo account？

A: Yes, China Gather provides a demo account for users to practice and learn trading strategies without financial risk.

Q: What are the primary methods for fund deposits on China Gather？

A: Clients can deposit funds through internet banking, ATM services, bank counter services, cheque submission in-person, and telegraphic transfer.

Q: How can I contact customer support at China Gather？

A: For inquiries, individuals can contact China Gather at +852 2890 9633 or via email at mail@cgwfinance.com.