Established in 2014, Central Wealth Securities Investment Limited (CWSI), a subsidiary of Central Wealth Group Holdings Limited (00139.HK), offers a diverse range of trading assets, including online stock trading, margin accounts, and participation in Initial Public Offerings (IPOs).
However, there are regulatory setbacks, such as the revocation of its futures contracts license by the SFC of Hong Kong.
Pros and Cons
Is CWSI Legit?
CWSI faces a considerable regulatory setback as its license for dealing in futures contracts has been revoked by the Securities and Futures Commission of Hong Kong (License No. BFW317).
Similarly, CWSI's regulatory status continues to be a cause for concern, having exceeded the standards set by the Securities and FuturesCommission of Hong Kong (License No. AVE583) in dealing with securities.
Products and Services
CWSIs businesses cover securities brokerage, securities underwriting, margin financing, securities research, asset management (private funds set-up and management), structured products, bonds, and other integrated financial services.
In their asset management sector, they mainly offers fixed-income funds, with an asset management scale nearing 1 billion US dollars.
The key products include:
- Investment Grade Bond Product: This product primarily invests in investment-grade US dollar bonds, covering regions like China and Hong Kong, and can be diversified globally based on investor preferences.
- High Yield Bond Product: Targeting high yield, this product invests in high-yield US dollar bonds, particularly from China and Hong Kong.
- Short-Term Bond Product: This product focuses on short-term US dollar bonds.
- Fixed Income Products: These products invest in fixed-income targets with specific maturity intervals.
In their sales and trading sector, they provide customers with sales and trading services of offshore derivatives including national bonds, financial bonds, and corporate bonds.
Account Type
CWSI offers Cash Securities Trading Account and Margin Securities Trading Account for individual/joint, and corporate traders. Demo accounts are available for both account types.
To open an account of CWSI, it is simple that you submit supporting document and verify information by phone. Client number and password will be sent to you by post or email.
Leverage
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread and Commission
Other Fees
CWSI charges various fees for different products and services. Take HK stocking trading as an example:
More details on each trading products can be learned through the link: http://www.cwsi.com.hk/en/trade/charge
Trading Platform
CWSI offers stock trading systems including securitiessystems and mobile stock trading systems, available on IOS and Android.
Online trading enables customers to access real-time stock quotes and conveniently enter or modify their orders whenever they choose. This platform also allows clients to effortlessly monitor their account balances, stock holdings, and the status of their orders at any time.
Deposit and Withdrawal
CWSI accepts transfer fund through Online Banking, Counter, ATM transfer and Phone Banking or bring in a cheque or bank draft (payable to “Central Wealth Securities Investment Limited”) . Third party deposit are not accepted.
Besides, clients should give their withdrawal instructions before the daily cut-off time (Trading day from Monday – Friday, on or before 11:00am) via their Sales and Customers Services Hotline at (852) 3958 4600.
2023-12-20 20:59
