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HKIFS -

Score

1.47 /10
Danger

HKIFS

Hong Kong

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

http://www.hkifsgroup.com

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Score

Regulatory Index0.00

Business Index6.66

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

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40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

HKIFS · Company summary
HKIFS Review Summary
Founded1987
Registered Country/RegionHong Kong
RegulationNot regulated
Market InstrumentsSecurities trading, capital management, etc
Demo AccountNot Mentioned
SpreadStarting from 75 HKD
Trading PlatformInstant Online Trading Version (EG), Mobile Trading Platform

HKIFS Information

Hong Kong International Financial Services (HKIFS), established in 1987, provides services including securities trading, capital management, family office, and factoring. Offering Securities (Cash A/C) and Securities (Margin A/C) accounts, HKIFS allows users to trade various assets. Despite its user-friendly trading platforms and competitive fees, HKIFS faces challenges due to the absence of regulatory oversight.

HKIFS Information

Pros and Cons

Pros Cons
  • Supports Instant Online Trading Version (EG) and Mobile Trading Platform
  • Lack of regulation
  • Offering Securities (Cash A/C) and Securities (Margin A/C) accounts
  • Offers multiple services

Is HKIFS Legit?

HKIFS is not regulated by any regulatory authority.

Is HKIFS Legit?

What Can I Trade on HKIFS?

HKIFS provides securities trading services including stock cash accounts, stock margin accounts, and access to the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.

The platform also offers mainstream electronic trading systems like the 2GOTrade system and loans for purchasing securities. Clients can be served in the fields of capital management, family office services, professional factoring services, and equity investment.

Account Type

HKIFS offers two account types: Securities (Cash A/C) and Securities (Margin A/C). The Securities (Cash A/C) account allows users to engage in securities transactions using cash funds, which is suitable for investors who prefer a more conservative and risk-averse approach to trading. The Securities (Margin A/C) account allows users to borrow funds against their existing securities or cash, which is suitable for individuals or institutions with higher risk tolerance and a comprehensive understanding of margin trading dynamics.

HKIFS Fees

HKIFS commission, calculated based on the transaction amount, has a minimum charge of 75 HKD. Additional charges include stamp duty (0.1% adjusted to the nearest integer), the transaction fee (0.00565% ), Financial Transaction Levy (0.00015%), Securities and Futures Commission transaction levy (0.0027%), and settlement system delivery fee (0.011%, capped at 200 HKD, with a minimum of 3 HKD).

HKIFS Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for
Instant Online Trading Version (EG)✔PC and MobileInvestors of all experience levels

User Reviews

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User comment

2

Comments

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moonoc
more than one year
They repeatedly asked for my address and ID proof, rejecting each submission I made (bank statements, utility bills, etc.). In the end, they have copies of all my documents, including my personal and confidential information, yet refused to open an account. I believe their intention is to collect and retain (possibly even sell) your private data. Don't waste your time, stay away from them, and avoid disclosing your personal information.
They repeatedly asked for my address and ID proof, rejecting each submission I made (bank statements, utility bills, etc.). In the end, they have copies of all my documents, including my personal and confidential information, yet refused to open an account. I believe their intention is to collect and retain (possibly even sell) your private data. Don't waste your time, stay away from them, and avoid disclosing your personal information.
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2024-01-12 19:12
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FX1404235166
more than one year
As per the information on the Internet, it appears that HKIF is not regulated and there are several red flags that should cause concern. There are various complaints online about the company and its misleading advertising practices. Therefore, it is important to stay away from such unregulated brokers and choose a more reliable and professional broker with a proven track record.
As per the information on the Internet, it appears that HKIF is not regulated and there are several red flags that should cause concern. There are various complaints online about the company and its misleading advertising practices. Therefore, it is important to stay away from such unregulated brokers and choose a more reliable and professional broker with a proven track record.
Translate to English
2023-03-28 17:50
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