Score

1.59 /10
Danger

RHB

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Hong Kong Dealing in futures contracts Revoked

High potential risk

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.60

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

RHB Hong Kong Limited

Company Abbreviation

RHB

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • China Hong Kong SFC (license number: AMF103) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

RHB · Company summary
RHB Review Summary
Founded1983
Registered Country/RegionMalaysia
RegulationSFC (Revoked)
Trading ProductsFuture indices, commodities
ServicesShare Margin Financing, Foreign Shares Financing, Descretionary Financing, Employee Share Option Scheme (ESOS) financing, Initial Public Offering (IPO) Financing
Trading PlatformRHB Share Trading
Customer SupportTel: 03-2113 8118; +603 – 7890 4700
Fax: +603 – 7890 4670
Email: support@rhbgroup.com
Registered address: Level 10, Tower One, RHB Centre, Jalan Tun Razak, 50400 Kuala Lumpur, Wilayah Persekutuan, Malaysia
Contact details for branch offices: https://www.rhbinvest.com/locate_us.html

RHB Information

RHB Investment Bank Berhad is a Malaysia-based financial entity who has more than 50 branches all over the country. It offers futures trading mainly in indices and commodities, as well as financing services to clients. Islamic broking services are also available for those who need to comply Sharia laws. Moreover, the firm offers a video gallery with all kinds of topics to equip traders with necessary knowledge for successful trading.

However, one thing worth noting is that the company operates under the regulatory status of SFC revoked, indicating imcompliance with the authority.

RHB's homepage

Pros and Cons

ProsCons
Many years' industry experienceRevoked SFC license
Diverse financial services
Comprehensive customer support

Is RHB Legit?

RHB claims to be regulated by SFC (Securities and Futures Commission of Hong Kong) with licenses numbering at AMF103. However, the license status is “Revoked”, indicating that the broker might have violated the institutions rules or failed to meet the regulatory requirements. This cast taints on its credibility and legitimacy.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense Number
Hong Kong
SFCRevokedRHB Futures Hong Kong LimitedDealing in futures contractsAMF103
Revoked SFC license

Trading Products

RHB's product portfolio includes Bursa Malaysia derivatives such as Crude Palm Oil Futures and Gold Futures, along with an expanding array of foreign futures contracts like E-Mini S&P 500, FTSE China A-50 Index, and E-Mini Crude Oil Futures.

Trading Products

Fees/Interest Rates

ServiceFacility FeeInterest Rate
Share Margin FinancingPackage-specific; no rollover fees
Foreign Shares Financing≥ 0.50% of Facility Limit (payable upfront)SBR (3.00%) + 2.30%, min 4.55% p.a.
Discretionary FinancingCustomisedCustomised based on portfolio and strategies

Trading Platform

RHB offers a web-based trading platform called “RHB Share Trading”, with app version available on both iOS and Android phones to trade anywhere, even on-the-go.

RHB Share Trading

News

NewsAmInvest Research retains buy on RHB Bank, FV RM6.80

AmInvestment Research is maintaining its buy recommendation on RHB Bank with an unchanged fair value of RM6.80 a share.

WikiFX
2021-12-14 13:44
AmInvest Research retains buy on RHB Bank, FV RM6.80

User Reviews

More

User comment

0

Comments

Write a review

No comment yet

start to write first comment