Score

7.18 /10
Good

Shacom

Hong Kong

Above 20 years

Regulated in Hong Kong

Dealing in futures contracts

Suspicious Scope of Business

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Comparison

Quantity 2

Exposure

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Score

Regulatory Index6.54

Business Index9.13

Risk Management Index9.92

Software Index5.89

License Index6.54

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Website

Licenses

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

Single Core

1G

40G

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Pyramid scheme complaint
Expose
Severe Slippage

Is Shacom regular?Why does the teacher ingore after take single deficit?

I'm a small business man and I have a lot of free time. someone added my friend on July 5 this year, at first I thought it was a friend through the chat, i learned that this net friend is doing financial, she earned more than three hundred thousand RMB one month.At first, I didn't care, because I felt I was living a comfortable life and didn't need a lot of money.Later, when I was browsing the circle of friends, I kept seeing the news that she was trvelling around the world. curiosity, I asked her about it. She said that all her money was earned by her futures operation.She pulled me into a studio, where the teacher was explaining this. Indeed, the list that the teacher called at the beginning was profitable for everyone, and I saw many screenshots of them.I can't resist the temptation to wothdraw. The door began to operate, the same teacher guidance I began to earn a few money, later she said my capital is too little and let me increase the point of capital with me to earn a lot.I think the teacher took me to make money anyway, so there was no consideration any more, and directly increased to 50,000 dollars to follow the teacher's operation. The result was that the teacher shouted in the opposite direction that day, and I directly received the tip of bursting the warehouse, so my capital was gone all.I went to the teacher to ask about the situation. What annoyed me most was that the teacher ignored me

WEI11LIU1SI3LING2QI1
2019-09-26 11:30
Shacom · Company summary
Shacom Review Summary
Founded2004
Registered Country/RegionHong Kong
RegulationRegulated by SFC
Market InstrumentsFutures and options trading on Hang Seng Index, Hang Seng China Enterprises Index, and more
Demo Account
Trading PlatformThe Internet trading platform and mobile trading App
Min Deposit0
Customer Support9:00 am - 5:00 pm Monday - Friday, Closed every Saturday, Sunday and Public Holiday
Telephone: (852) 2290 3860
Facsimile: (852) 2526 4906
Email: contact@shacomfutures.com.hk
Address: Room 303, Houston Centre, 63 Mody Road, Tsimshatsui East, Kowloon, Hong Kong

Shacom, established in 2004 and headquartered in Hong Kong, is a company involved in futures trading, particularly on the Hong Kong Futures Exchange Limited. The company operates under the regulation of SFC. Shacom's product portfolio primarily revolves around futures contracts. But it does not provide demo accounts and 24/7 customer service for their traders.

Shacom's homepage

Pros and Cons

Pros Cons
Regulated by SFCNo demo accounts
No minimum deposit requirementNo 24/7 customer service
Electronic trading services providedConventional product portfolios

Is Shacom Legit?

Shacom is regulated by the Securities and Futures Commission of Hong Kong. The company holds a license for dealing in futures contracts, and its current status is marked as regulated. The specific license number provided is AAJ283.

Regulated by SFC

What Can I Trade on Shacom?

Shacom offers extensive broking services for futures trading on the Hong Kong Futures Exchange Limited, including Hang Seng Index, Hang Seng China Enterprises, and Hang Seng TECH Index futures and options.

Additionally, their trading channels include counter trading, manned phone-in trading, and a user-friendly automated electronic platform for direct Internet orders with real-time quotes.

What Can I Trade on Shacom?

Account Type

Shacom only offers one type of account- the Future account and there is no minimum deposits. But they do not provide demo accounts for their traders.

Besides, to open a Futures trading account with Shacom, you must first maintain a current or savings account in HK Dollar with Shanghai Commercial Bank under the same name as your intended futures trading account. This designated account will be used for all transactions. Please bring the required documents to our office in person to complete the account opening process.

Documents Required

  • For Individual Clients:

Hong Kong Identity Card (for Hong Kong Permanent Residents) or Passport (for non-Hong Kong Permanent Residents) of all account holders.

Residential address proof issued within the last 3 months (include permanent address proof if different). Acceptable documents include bank statements, water bills, electricity bills, or gas bills.

  • For Corporate Clients:

Certificate of Incorporation and any subsequent Certificate of Change of Name (if applicable).

Valid Business Registration Certificate.

Business address proof (if different from the registered office address).

Memorandum of Association and Articles of Association / Articles of Association.

Certified Copy of Particulars of Directors (form D) and/or the latest shareholders Annual Return.

Certified Copy of Minutes of the Meeting regulating the bank account OR Certified Extract of Minutes of Resolutions (The Company Form).

Identification documents of beneficial owners, authorized signatories, and directors.

Residential address proof issued within the last 3 months of beneficial owners, authorized signatories, and directors (include permanent address proof if different).

Company Chop (official seal).

In all, the process of opening account is rather complex. You have to own an specified saving accounts and prepare for many documents.

Account opening

Trading Platform

Shacom offers the Internet trading platform and mobile trading App. On their website, they provide videos to introduce the two trading platform. You can browse through their website or directly click: https://www.shacomfutures.com.hk/TPD_ETS

Trading Platform

Deposit and Withdrawal

Shacom offers several methods for fund deposit including bank transfer or cheque deposit, ATM transfer, and Internet or phone banking transfer.

For a Bank Transfer or Cheque deposit, with the payee's name specified as Shacom Futures Limited and the Shanghai Commercial Bank account number provided as 328-82-33668-8. Funds deposited via cheque will only be available after the cheque has been cleared, a process that may take up to two days.

Secondly, an ATM Transfer option uses the designated account number 328-82-33668-8. Thirdly, it is advised to be aware of the varying charges and settlement durations for fund transfers via Internet or Phone banking among different banks. Clients can seek clarification by contacting the Customer Service Hotline at (852) 2290 3860.

For fund withdrawals, clients need to inform Shacom Futures Limited by either calling (852) 2207 2708 or visiting the office in person to complete the fund withdrawal request form. Typically, fund withdrawal requests take one to two working days to process. Instructions received before 12 noon on each working day (prior to the cut-off time) will be processed on the same day.

Deposit and Withdrawal

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BeopenJoe
more than one year
I've been trying to explore trading opportunities in futures with Shacom. It's nearly impossible to get in touch with customer service, and when you do manage to reach them, they seem to vanish. The service is really subpar. I'm genuinely shocked!!
I've been trying to explore trading opportunities in futures with Shacom. It's nearly impossible to get in touch with customer service, and when you do manage to reach them, they seem to vanish. The service is really subpar. I'm genuinely shocked!!
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2024-01-05 18:14
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