Huarong Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-16 17:14

Abstract：　　Huarong (now XinKong Capital) was founded in 1973 and is headquartered in Hong Kong. It provides full financial services through its licensed subsidiaries. It is funded by China's CITIC Financial AMC and offers securities trading, corporate finance, and asset management. While it holds Hong Kong SFC permits, their status is stated as “Exceeded”.

Huarong Review Summary
Founded	1973
Registered Country/Region	Hong Kong
Regulation	SFC (Exceeded)
Products & Services	Securities Trading, Corporate Finance, Asset Management, Investment Advisory, IPO Underwriting, Wealth Management
Demo Account	❌
EUR/USD Spread	2 pips
Trading Platform	Mobile App
Minimum Deposit	/
Customer Support	Tel: (852) 3965 3965
	Fax: (852) 3965 3705
	Email: info@hrif.com.hk

Huarong Information

　　Huarong (now XinKong Capital) was founded in 1973 and is headquartered in Hong Kong. It provides full financial services through its licensed subsidiaries. It is funded by China's CITIC Financial AMC and offers securities trading, corporate finance, and asset management. While it holds Hong Kong SFC permits, their status is stated as “Exceeded”.

Pros and Cons

Pros	Cons
Regulated by SFC	No demo or Islamic (swap-free) accounts
Wide range of financial services	Exceeded license status
Multiple account types for individuals and corporates	Limited information on fees

Is Huarong Legit?

Licensed Entity	Regulated by	Regulatory Authority	Current Status	License Type	License No.
XinKong International Securities Limited	Hong Kong	Securities and Futures Commission (SFC)	Exceeded	Dealing in securities	ACV085
XinKong International Capital Limited	Hong Kong	Securities and Futures Commission (SFC)	Exceeded	Dealing in securities	BGY986

Products and Services

　　Through its companies that are licensed in Hong Kong, Huarong offers a full range of financial services. China CITIC Financial AMC, the business's parent company, supports its services, which include securities trading, corporate finance advice, and asset management.

Products & Services	Supported
Securities Trading	✔
Corporate Finance	✔
Asset Management	✔
Investment Advisory	✔
IPO Underwriting	✔
Wealth Management	✔

Account Type

　　There are three primary categories of live trading accounts: Individual, Corporate, and Sole Proprietor/Partnership. The company does not have demo or Islamic accounts.

Huarong Fees

　　Huarong's forex trading fees, as indicated in bid-ask spreads, are generally reasonable and in line with industry averages.

Currency Pair	Bid	Ask	Spread (Approx.)
EUR/HKD	9.0627	9.0681	54 pips
JPY/HKD	0.0544	0.0545	1 pip
GBP/HKD	10.6472	10.6566	94 pips
EUR/USD	1.1548	1.155	2 pips
USD/JPY	144.03	144.17	14 pips
GBP/USD	1.3567	1.3573	6 pips
AUD/USD	0.6482	0.6492	10 pips

Trading Platform

Trading Platform	Supported	Available Devices
Mobile App (Android APK)	✔	Android
Mobile App (Android Google Play)	✔	Android
Mobile App (iOS English)	✔	iPhone

Deposit and Withdrawal

　　Huarong does not mention any deposit or withdrawal fees. Bank-related charges, such as cheque clearing fees or overseas remittance charges, may apply depending on the channel used.

Payment Method	Available Currency	Processing Time
ATM / Internet Banking / Phone Banking / Bank Counter	HKD / RMB	Same day if before 5:00 PM
Cheque Deposit	HKD	After bank clearing
Withdrawal via Cheque	HKD	Same day if requested before 11:00 AM