Score

1.58 /10
Danger

Funderstone Securities

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

D

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Comparison

Quantity 1

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.56

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
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Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The China Hong Kong SFC regulation (license number: AAD847) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Funderstone Securities · Company summary

General Information

Funderstone Securities Holdings Limited (“Funderstone Securities”), which has been in the securities and futures business since 1983, is a wholly-owned subsidiary of G-Resources Group Limited (1051.HK), a company listed on The Stock Exchange of Hong Kong Limited (the “HK Stock Exchange”). Funderstone Securities and its subsidiaries (“Funderstone Securities Group”) are active exchange participants of the HK Stock Exchange and The Hong Kong Futures Exchange Limited. Through Funderstone Futures Limited, a wholly-owned subsidiary of Funderstone Securities, clients may trade Hang Seng Index Futures contracts to hedge their portfolio. Similarly, clients may also invest in the Hong Kong equity market on a leveraged strategy basis through trading in Hang Seng Index Futures or Options contracts. Funderstone Securities Group deals on behalf of clients in securities and futures contracts in all major markets around the world and has established relationships in fund management throughout the region.

Products & Services

The principal products and activities include:

- Equities trading on behalf of clients.

- Futures trading on behalf of clients.

- Margin finance.

- Underwriting and placement of primary and secondary market share issues. We acts as a distributor of primary market issues and as both a distributor and an originator of secondary market issues.

- Mergers and Acquisitions.

- Other Corporate Finance activities.

- New issue finance for applicants of Initial Public Offerings.

- Equities derivatives (futures and options) trading on behalf of clients.

Service coverage includes:

- U.S. Equities & Options.

- Global Futures.

- Euro Bonds (Members of Clearstream Bank and Central Moneymarkets Unit).

- Government Bonds.

- Hong Kong Equities.

- Asian & European Equities.

- Portfolio Advice and Management.

- China B Shares.

Fees & Charges

The fees are charged depending on the specific market and service. For example, in terms of Hong Kong stocks, the minimum commission is HK$125, the transaction fee is 0.0027% of total consideration, and the trading fee is 0.005% of total consideration.

Internet Trading

Two-factor authentication (2FA) for login to internet trading accounts is effective from 13th April 2018. It is compulsory for every login with “Go.Portal” (Website) & “GoTrade” (Mobile App).

Deposit & Withdrawal

For both Securities Account and Futures Account, the deposit methods are mailing a crossed cheque, bank deposit or transfer, and remittance. Banks include Standard Chartered Bank Limited and Bank of China (Hong Kong). Funderstone Securities does not accept any third party deposits or cash deposits.

Customer Support

For enquiries on registration or securities investment needs, please contact Funderstone Securities for further information: call (852) 2845-7711 or email at enquiries@funderstonesec.com.

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