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Open Securities

WikiFX | 2024-11-11 16:20

Abstract:Based in Hong Kong, Open Securities is an SFC-regulated broking with licence number ACS694. The company specialises in asset management, Hong Kong futures, trading Hong Kong and U.S. equities, It meets different trading preferences by providing clear pricing and supporting both web-based and mobile trading systems.

Open Securities Review Summary
Founded1994
Registered Country/RegionHong Kong
RegulationRegulated by Securities and Futures Commission (SFC), License No.: ACS694
Market InstrumentsHong Kong Stocks, Hong Kong Futures, U.S. Stocks, Asset Management Services
Demo Account/
Leverage/
Spread/
Trading PlatformWeb Trade, Longport Mobile App (iOS, Android)
Min Deposit$5,000 per transaction
Customer Support- Phone:(852) 3405-7355
- Email: cs@opensecltd.com
- Address: Room 3208–09, 32/F, Tower 6, The Gateway, Hong Kong

Open Securities Information

Based in Hong Kong, Open Securities is an SFC-regulated broking with licence number ACS694. The company specialises in asset management, Hong Kong futures, trading Hong Kong and U.S. equities, It meets different trading preferences by providing clear pricing and supporting both web-based and mobile trading systems.

Open Securities Information

Pros and Cons

Pros Cons
Regulated by Hong Kongs SFCMinimum deposit of $5,000 required
Clear fee structureLimited product range
Supports web and mobile platforms

Is Open Securities Legit?

Hong Kong's Securities and Futures Commission regulates Open Securities Limited. Licence ACS694 covers “Dealing in futures contracts,” which the company owns. The SFC regulates Open Securities Limited to ensure it follows Hong Kong law and standards, giving it credibility and compliance in its financial operations.

Is Open Securities Legit?

What Can I Trade on Open Securities?

Open Securities offers trading services primarily in the Hong Kong stock market, along with U.S. stocks and futures.

Tradable Instruments Supported
Hong Kong Stocks✔
Hong Kong Futures✔
U.S. Stocks✔
Asset Management Services✔

Account Types

The brokerage provides two main account types:

  1. Cash Account: For non-leveraged stock trading in Hong Kong, using only available funds.
  2. Margin Account: Allows for leveraged trading, enabling clients to trade on borrowed funds.,
Account Types

Open Securities Fees

Open Securities charges trading and non-trading fees that are comparable to Hong Kong securities trading industry rates.

InstrumentSpreadCommission per TransactionAdditional Costs
Hong Kong StocksNot specifiedNegotiable, 0.25% of transaction amount (Min HK$100)Stamp Duty, Transaction Levy, Trading Fee, CCASS Fee
Shanghai A / Shenzhen A StocksNot specifiedNegotiable, 0.25% of transaction amount (Min CNY50)Stamp Duty (0.10% on seller side), Securities Management Fee, Handling Fee, Transfer Fee
U.S. StocksNot specifiedNegotiable, 0.25% of transaction amount (Min US$20)Extra US$0.01 per share if price < US$5
Open Securities Fees

Non-Trading Fees

ServiceCurrencyFee Details
Brokerage Commission (HK Stocks)HKDNegotiable, 0.25% on transaction amount (Min HK$100)
Stamp Duty (HK Stocks)HKDHK$1.30 per HK$1,000 transaction (for both buyer and seller)
Transaction Levy (SFC)HKD0.0027% on transaction amount
Trading Fee (SEHK)HKD0.00565% on transaction amount
CCASS FeeHKD0.002% on transaction amount (Min HK$2, Max HK$100)
Dividend Collection Fee (HK Stocks)HKD0.50% on dividend amount (Min HK$25)
Settlement Instruction (SI)HKDHK$50 per transaction (Delivery Instructions)
Custody FeeHKDFree (exempted by TCCS)
Returned ChequeHKDHK$200 per returned cheque
IPO Application (Manual)HKDNon-financing: HK$50 per application; Financing: HK$100 (if applicable)
Dividend Collection Fee (Shanghai A / Shenzhen A)CNY0.50% on dividend amount (Min CNY30)
U.S. Stock Dividend TaxUSD30% on dividend amount (Min US$0.05)
Settlement Instruction (U.S. Stocks)USDUS$100 per delivery transaction; US$30 per receipt transaction

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for What Kind of Traders
Web Trade✔Web BrowserTraders who prefer browser access, direct and flexible access options
Longport Mobile App✔Mobile (iOS, Android)Traders needing mobile access, with login options including SMS verification, account credentials, and QR code scan for secure login
Trading Platform

Deposit and Withdrawal

Open Securities does not charge fees for deposits. However, withdrawals may incur bank charges, especially for international transfers. The minimum deposit required per transaction is $5,000.

Deposit & Withdrawal MethodFeesProcessing Time
Check Payment (Local)NoneNext business day
Bank Transfer (Local)Varies by bankSame day
International TransferBank fees apply1-2 business days after request
Deposit and Withdrawal

Related broker

Regulated
Open Securities
Company name:開盤證券有限公司
Score
7.18
Website:https://www.opensecltd.com/?lang=en
15-20 years | Regulated in Hong Kong China | Dealing in futures contracts | Suspicious biz area
Score
7.18

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