Some Detailed Information about IAccess

General Information & Regulation of I-Access

Established in 2001, I-Access Group Limited is a Hong Kong-based securities brokerage firm currently regulated by the Securities and Futures Commission in Hong Kong.

Products & Services

I-Access provides a range of financial investment services to investors, including securities trading, margin trading, futures trading, options trading, IPO subscription, etc.

Service Fees of I-Access

I-Access says there is no minimum deposit, minimum transaction amount, or the minimum number of transactions, and all clients can enjoy zero commission. All Hong Kong securities trading (unlimited number of times) is commission-free. The commission for Shanghai or Shenzhen A-shares is $5 per single transaction, and the commission for futures trading is $5 per contract, $2 per contract from the next trading day of the same month if 3,000 or more futures contracts have been traded in the same month, and zero commission per contract from the next trading day of the same month if 10,000 or more futures contracts have been traded in the same month. Commission for indices/currency options is $5 per contract ($5 per contract for five contracts or less). For more than five contracts, the commission is $5 per contract or 0.1% of the total premiums ($1 for less than $1), whichever is lower, with a minimum fee of $30, $5 per contract for stock-linked options, and zero for spot precious metals. The commission fee for subscribing to new shares is HK$5.5.

Account Interest Rate

The interest rate is 0.001% per annum for HKD and USD deposits and 0.25% per annum for RMB deposits for cash accounts; 0.00% per annum for deposits in margin accounts and maturity option accounts.

Account Deposit & Withdrawal of I-Access

Investors can deposit cash, cheque, or cashier's cheque or transfer funds at HSBC, Bank of China, and Wing Hang Bank, email e-cheque, FPS, deposit cheque or cashier's cheque at OneTrust Customer Center, mail cheque or cashier's cheque, transfer funds via the PPS payment website or PPS audio phone service. Traders can withdraw funds via OneTrust.com or OneTrust Mobile Investment Network. For withdrawals made before 9:00 a.m. on the trading day, funds will be deposited by crossed cheque or electronic transfer to the customer's registered bank account in Hong Kong, and the customer will receive the funds at the bank account on the same day or the next trading day; For overseas bank accounts, funds will be deposited by telegraphic transfer and the telegraphic transfer fee will be deducted from the account (or within the Withdrawal if insufficient).

Stock Deposit & Withdrawals of I-Access

Investors can deposit physical stock certificates into their accounts by visiting the office of OneTrust or any branch of OneTrust, or by mailing physical stock certificates. Physical stock certificates can be sold immediately after deposit, but it takes ten trading days to withdraw the relevant amount. Regarding the Withdrawal of physical share certificates, customers can submit physical share certificate instructions through the official website and then must visit the YPT Customer Service Center in person to receive the share certificates.

Summary

The main drawbacks of I-Access Ichimoku are:

1. Outdated system & outdated trading interface

2. No systematic closing of orders, thus difficult to find investment history during the month

3. Not providing real-time market conditions

4. Slow response of the platform

5. Potential security problems

6. Limited products

7. Having to visit the branch to open an account in person