Sino Sound

Overview of Sino Sound

Sino Sound Holdings Limited is a regulated member of the Chinese Gold & Silver Exchange Society (CGSE) and is recognized as one of the top 10 precious metals trading platforms in Hong Kong. They hold a high-grade type AA Marketing Trading License and offer various trading services for precious metals such as 99 Gold, HKD Kilo Gold, Loco London Gold/Silver, and Renminbi Kilobar Gold. All transactions are regulated by the CGSE and adhere to the rules and regulations of Hong Kong. Sino Sound is also a member of the Ad Hoc Concern Group for Qianhai Precious Metals and the Dubai Gold & Commodities Exchange (DGCX).

The company has gained recognition and accolades over the years, including awards such as Top 10 Gold Trading Platform and Most Reliable Precious Metals Investment Platform for Chinese Investors.

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Is Sino Sound legit or a scam？

SinoSound Group operates in accordance with the rules and regulations set by the Chinese Gold and Silver Exchange (CGSE) and the Hong Kong authorities. The company is registered with the CGSE as Member No. 208 and holds a Class AA trading license. These credentials ensure that SinoSound Group's transactions and operations are recognized and regulated by the CGSE, while also complying with the laws of Hong Kong.

In addition to its affiliation with the CGSE and Hong Kong authorities, SinoSound Group is a member of the Ad Hoc Concern Group for Qianhai Precious Metals and the Dubai Gold & Commodities Exchange (DGCX). These memberships demonstrate that the company operates within established frameworks and adheres to industry standards.

By being a member of the Ad Hoc Concern Group for Qianhai Precious Metals, SinoSound Group shows its involvement in the precious metals industry in Qianhai, a special economic zone in China. This affiliation suggests that the company actively participates in discussions, collaborations, and initiatives related to precious metals trading and regulation in Qianhai. Additionally, SinoSound Group's membership in the Dubai Gold & Commodities Exchange (DGCX) indicates its participation in the commodities and derivatives trading market in Dubai.

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Pros and Cons

Sino Sound Holdings Limited, as a regulated member of the Chinese Gold & Silver Exchange Society, offers several advantages and disadvantages to its customers. One of the major pros is its international recognition and guaranteed platform, as it adopts the widely used MetaTrader4 (MT4) trading platform and implements the A+NDD (Audit+ No Dealing Desk) mode, ensuring fairness and minimizing trading risks. Additionally, Sino Sound has gained a trusted reputation and received prestigious awards in the industry, which attests to its reliability as a financial service provider. On the other hand, some potential cons include the overnight interest rates and transaction fees, which might affect traders' profitability. Moreover, the handling fees for withdrawals and the requirement for a minimum trading volume could be viewed as drawbacks for some investors. Nonetheless, Sino Sound provides comprehensive services and operates within the regulations set by the Chinese Gold and Silver Exchange Society and Hong Kong laws, making it a viable option for those interested in precious metals trading.

Here's a table summarizing the pros and cons of Sino Sound Holdings Limited:

Market Instruments

The main business of Sino Sound Group includes the legal operation of 99 gold, Hong Kong dollar kilobar, London gold/silver, and RMB kilobar business. London Gold/Silver is characterized by an invisible trading market without a fixed exchange. Instead, it relies on the sales network of major gold dealers. Investors can complete purchase and sale transactions through the electronic trading system in an over-the-counter (OTC) form of trading.

How to Open an Account？

To open an account with Sino Sound, you can follow these general steps:

1. Visit the Sino Sound website: Go to the official website of Sino Sound Holdings Limited.

2. Locate the account opening section: Look for a tab or link on the website that says “Live Account” or something similar. It may be located in the main navigation menu or in the footer section of the website.

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3. Read the terms and conditions: Before proceeding with the account opening process, make sure to read and understand the terms and conditions provided by Sino Sound. This will give you an overview of the services, fees, and regulations associated with opening and maintaining an account.

4. Fill out the application form: Follow the instructions provided on the website to complete the account opening application form. You may be required to provide personal information, such as your name, address, contact details, identification documents, and financial information.

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5. Submit the application: Once you have filled out the application form, submit it through the online submission process provided on the website. Alternatively, you may be given the option to download the form and submit it via email or fax.

6. Verification process: After submitting your application, the company may require you to undergo a verification process to confirm your identity and financial information. This may involve providing additional documents or answering verification questions.

7. Fund your account: Once your application is approved and your account is activated, you will need to deposit funds into your Sino Sound account. Follow the instructions provided by Sino Sound to make a deposit through the available payment options, such as bank transfers or online payment platforms.

8. Start trading: After your account is funded, you can access the Sino Sound trading platform, such as MetaTrader4 (MT4), and begin trading precious metals according to the options and services provided by Sino Sound.

Spreads &Commissions

Sino Sound Group specifies the trading conditions for London Gold and London Silver. The minimum trading volume is 0.1 lots, while the maximum trading volume is 20 lots. The spreads for London Gold and London Silver are $0.5 and $0.04, respectively, and there is a transaction fee of $50 per lot. Additionally, overnight interest rates apply, with a rate of -2.5% for buy positions and -0.5% for sell positions.

Trading Platform

Sino Sound operates on an international and guaranteed platform. They utilize the widely adopted MetaTrader4 (MT4) trading platform and were among the first to implement the A+NDD (Audit+ No Dealing Desk) platform mode. This mode ensures fairness in trading and limits risks, safeguarding the principal of their customers. By adopting these measures, Sino Sound prioritizes the safety and security of their clients' investments.

Deposit & Withdrawal

Regarding deposits and withdrawals, traders have multiple options. They can fund their accounts by transferring funds from a payment platform (online or mobile) or by conducting over-the-counter transfers at a bank. Deposits made during specific hours will arrive within a certain time frame. Withdrawal requests can be processed in as little as 2 hours, but certain conditions must be met, such as completing account opening procedures and ensuring that all funds injected have been successfully accounted for. Withdrawal fees may apply based on the investor's trading volume, and in some cases, if no transactions have been made, the account may be subject to cancellation with a handling fee deducted.

Customer Support

The Customer Support of Sino Sound provides comprehensive assistance and solutions to customers in a professional and timely manner. With a 24/7 availability, customers can reach out through various channels such as live chat, email, phone, and QQ. Whether it's a technical issue, product inquiry, or general support, the dedicated team at Sino Sound ensures prompt resolution and strives to exceed customer expectations. Located at Room 811, 8/F, Harbour Crystal Centre, No.100 Granville Road, Tsim Sha Tsui, Kowloon, HK, customers can also visit the office for in-person assistance if required. For any queries or concerns, customers can reach the Customer Support team by dialing 852 2902 9999 or sending a fax to 852 2902 9989.

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Conclusion

In conclusion, Sino Sound Holdings Limited is a highly regarded financial service provider in Hong Kong, specializing in precious metals trading. As a regulated member of the Chinese Gold & Silver Exchange Society and holding a top-grade trading license, Sino Sound operates within the rules and regulations of the industry. With a commitment to expanding the global market, Sino Sound aims to provide trustworthy, efficient, and comprehensive services to individual and corporate customers. The company has gained recognition and awards for its reliability and excellence in the industry, solidifying its reputation as a trusted enterprise. Sino Sound utilizes the international trading platform MetaTrader4 (MT4) and implements an A+NDD platform mode to ensure fairness and minimize risks for customers. With various trading options and tools available, clients can conveniently manage their orders and monitor real-time market trends. Sino Sound also offers flexible deposit and withdrawal methods, allowing quick access to funds. Overall, Sino Sound is a reputable and internationally recognized platform for precious metals trading, catering to the needs of diverse investors.

FAQs

Q: What is Sino Sound Holdings Limited？

A: Sino Sound Holdings Limited is a regulated member of the Chinese Gold & Silver Exchange Society (CGSE) and one of the top 10 precious metals trading platforms in Hong Kong. It holds the highest-grade type AA Marketing Trading License and provides trading services for various precious metals.

Q: What markets does Sino Sound operate in？

A: Sino Sound operates in the Hong Kong market and is recognized and regulated by the CGSE and the rules and regulations of Hong Kong. It is also a member of the Ad Hoc Concern Group for Qianhai Precious Metals and the Dubai Gold & Commodities Exchange (DGCX).

Q: What services does Sino Sound provide？

A: Sino Sound provides trading services for 99 Gold, HKD Kilo Gold, Loco London Gold/Silver, and Renminbi Kilobar Gold. It caters to both personal and corporate customers and aims to offer credible, efficient, and comprehensive financial services.

Q: What is the main business of SinoSound Group？

A: SinoSound Group primarily engages in the legal trading of 99 gold, Hong Kong dollar kilobar, London gold/silver, and RMB kilobar. Notably, London Gold/Silver transactions occur through an invisible trading market, connecting gold dealers and investors via an electronic trading system.

Q: What are the spreads and commissions associated with SinoSound Group？

A: The minimum trading volume for London Gold and London Silver is 0.1 lots, with a maximum trading volume of 20 lots. The spread for London Gold is $0.5, while for London Silver, it is $0.04. Additionally, there is a transaction fee of $50 per lot. Overnight interest rates for Buy are -2.5% and for Sell are -0.5%.

Q: Which trading platform does SinoSound Group use？

A: SinoSound Group utilizes the widely used MetaTrader (MT4) trading platform. The platform offers various tools, indicators, and real-time market monitoring and analysis capabilities.