摘要:HUNGSING, a financial organization headquartered in Hong Kong, provides a wide range of services to its traders. These include personal finance offerings such as trading and custodial services, treasury (margin) services, asset management, and insurance brokerage. Its institutional finance services comprise equity and debt investments, while its corporate financing division focuses on equity and debt financing. However, it is important to note that the company currently operates with an unregulated status.
HUNGSING Review Summary in 6 Points | |
Founded | 5-10 years |
Registered Country/Region | Hong Kong |
Regulation | Unregulated |
Services | Personal finance: trading and custody services, treasury (margin) services, asset management, insurance brokerage;Institutional finance: equity investment, debt investment;Corporate financing: equity financing, debt financing |
Trading platform | Hongsheng Securities APP |
Customer Support | 24/5 Address, Email, Phone, WhatsApp, WeChat, Facebook, FAQ |
HUNGSING, a financial organization headquartered in Hong Kong, provides a wide range of services to its traders. These include personal finance offerings such as trading and custodial services, treasury (margin) services, asset management, and insurance brokerage. Its institutional finance services comprise equity and debt investments, while its corporate financing division focuses on equity and debt financing. However, it is important to note that the company currently operates with an unregulated status.
In the following article, we plan to review and evaluate the characteristics of this financial organization from multiple angles, presenting data in a precise and organized manner. If this information appeals to you, we invite you to keep reading. At the end of the article, we will offer a brief recap encapsulating the standout qualities of the bank, enabling you to grasp its salient features quickly.
Pros | Cons |
• Wide range of financial services | • Exceeded regulatory status |
• Many years industry experience | • Reports of fraud from its customer |
• Abundant and accessible customer supports |
Wide Range of Financial Services: HUNGSING offers a broad array of services that cater to various financial needs. From personal finance services including trading, custody, and margin services, asset management and insurance brokerage, to institutional and corporate financing, the company has a comprehensive suite of offerings.
Many Years Industry Experience: Having operated for several years, the company has invaluable industry experience. This often translates to proficiency in managing various types of financial transactions and situations, which can benefit their clients.
Abundant and Accessible Customer Support: HUNGSING offers an abundance of customer support options 24 hours a day, 5 days a week. This is an indication of their commitment to serving their clients' needs and ensuring that assistance is readily available as needed.
Exceeded Regulatory Status: The company has exceeded its regulatory status, which poses significant risks to its operations and its customers. This implies that the company may be operating beyond the scope permitted by its licensing authority, questioning its legality and compliance.
Reports Of Fraud from Customers: Reports of fraudulent practices raised by customers are a serious concern. Such complaints not only tarnish the reputation of the company but also showcase potential risks involved in dealing with the firm. These reports and negative experiences can impact the trust and reliability of the company.
Hence, potential investors are advised to carry out thorough research before deciding to invest with the firm.
When considering the safety of a bank like HUNGSING or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a bank:
Regulatory sight: Presently, HUNGSING is functioning without compliance to any valid regulations, raising substantial concerns about its operations, legality, and the level of safety it provides for its clients investments.
User feedback: One reports about fraud on WikiFX could potentially signal a red flag. Before committing to any investment platform, prospective clients should exercise caution and conduct comprehensive research and due diligence to avoid potential pitfalls or regrettable decisions.
Security measures: HUNGSING has implemented a privacy policy, serving as a protective measure to secure user data, thus promoting confidence among its worldwide client base.
In the end, the choice to engage in trade with HUNGSING is a deeply personal one. It's crucial to carefully balance the potential risks and advantages before coming to a decision.
HUNGSING provides a plethora of financial services classified into three main categories:
Securities Trading and Custody Services: HUNGSING offers securities trading services, enabling customers to buy and sell various financial instruments, along with custody services for safeguarding these assets.
Treasury (Margin) Services: These enable customers to trade using borrowed capital, opening up opportunities for potentially larger financial gains.
Asset Management: They manage the investment assets of their clients with the aim of maximizing returns.
Insurance Brokerage: This service provides assistance to clients in choosing suitable insurance policies by comparing various options.
Equity Investment: This involves investing in shares of companies, offering institutions the potential benefits of dividends and capital gains.
Debt Investment: HUNGSING facilitates investments in bonds or debentures. Investors can expect returns in the form of interest income and the repayment of the principal.
Equity Financing: They assist companies in raising capital for their business operations or expansion plans through the sale of company shares.
Debt Financing: This service involves raising funds for businesses by issuing debt securities.
The broad spectrum of services offered by HUNGSING caters to varying financial requirements of individuals, institutions, and corporations.
Opening an account with HUNGSING requires several documents depending on whether you're an individual or a company:
Copy of your Hong Kong Identity Card and/or Passport.
Proofs of the last 3 residential and corresponding addresses bearing your name.
Bank statement or a copy of passbook showing account holder's name and number.
For Chinese citizens, additional documents including Identity card, Chinese Citizen Pass, records of visit to Hong Kong, and supporting documents for opening a bank account in Hong Kong are needed.
Company meeting minutes.
Business Registration Certificate.
Bank account documents.
Hong Kong Identity Card for all partners and/or authorized persons.
Proof of address from the past 3 months.
Company Search Report / Capital Verification Report.
Company information.
Company's Articles of Association.
Certificate of Incorporation.
Incorporation Form NC1.
Updated Annual Return (NAR1) and latest Notification of Change of Secretary or Director (ND2A).
Shareholder information (for shareholders holding more than 25%, a copy of the identity document).
Proof of company address from the past 3 months.
Identity documents of all directors and authorized persons along with proof of address.
Audited accounts and bank reference certificates from the last financial year.
A letter of guarantee, identity document of the guarantor, proof of residential address.
For overseas companies, a Certificate of Incumbency issued within the last six months.
Ensure all documents are certified as true copies by a member of the Financial Action Task Force (FATF) or a professional in the corresponding country.
HUNGSING provides a comprehensive securities trading App with both desktop and mobile versions, compatible with Android and iOS systems, for seamless trading experiences.
For ensuring optimal security, traders are also required to download and utilize the Two-Factor Authentication system, specifically the Ayers Security Code. This additional security measure provides an enhanced level of protection to the traders' accounts by adding an extra layer of secure password protection.
Depositing funds into a HUNGSING account is convenient and versatile, catering to a wide range of deposit methods.
Clients can utilize bank transfer or deposit to the Company through various mediums which include but are not limited to over-the-counter transactions, ATMs, and cash deposit machines.
Besides direct bank methods, clients also have the opportunity to deposit via cheque, using over-the-counter services or cheque deposit machines.
For wider connectivity, Interbank Transfers through CHATS or Overseas Remittances are also accepted, making the process of funding your account with HUNGSING accessible and flexible.
For more details such as accepted banks, deposit proofs etc. you can visit https://www.hungsing.org/tc/guidelines.php.
HUNGSING Securities employs a transparent and diversified fee structure to govern its brokerage services. Clients are subject to a base commission of 0.25%, with a minimum of HK$100, alongside stamp duty, levies, and trading fees.
Additional charges include fees for consolidated statements, loan interest rates, stock handling, and settlement services. The company provides clarity on costs related to nominee services, corporate actions, IPO subscriptions, wire transfers, and various miscellaneous fees. This comprehensive fee schedule ensures transparency and enables clients to make informed decisions about their investment activities while availing various services offered by the brokerage.
For details traders can visit https://www.hungsing.org/tc/service_fee.php.
The WikiFX platform reveals one specific report regarding fraud related to this broker, constituting significant warning signs. We strongly advise traders to rigorously review all pertinent details prior to initiating any trading activities with this broker. Please consult our platform for crucial insights before embarking on your trading adventures. If you happen upon any suspicious brokers, or if you've unfortunately been a victim of fraudulent schemes, we invite you to report it in our “Exposure” section. Your assistance greatly contributes to our cause and prompt action will be taken by our team of professionals to manage the situation in the most efficient manner possible.
HUNGSING offers an array of channels for 24/5 customer support, ensuring hassle-free communication.
Clients can reach the support team through a variety of methods ranging from traditional Email and Phone to more modern approaches such as Facebook, WhatsApp and WeChat.
Additionally, a physical address is provided for those who prefer direct contact.
Address: Room 2505, 25/F, West Tower, Shun Tak Centre, 200 Connaught Road Central, Sheung Wan, Hong Kong.
Email: settlement@hungsing.org.
Tel: + 852 35891623.
Whatsapp: (852) 52823873.
Wechat ID: hungsing4128.
An online FAQ section is also available 24/7 for customers to quickly find general information or answers to commonly asked questions.
HUNGSING is a financial organization based in Hong Kong that offers a wide spectrum of services in the financial domain. These services span personal finance, including trading and custody services, treasury services, asset management, and insurance brokerage, as well as institutional finance encompassing equity and debt investment. However, HUNGSING's operations currently abide by no official regulations, which raises concerns about its legitimacy and operational safety, as regulated firms are generally obliged to follow industry norms. Adding to these concerns are reported case of fraud on WikiFX, further damaging the company's reputation.
Potential investors are thus strongly encouraged to conduct comprehensive research and directly engage with HUNGSING to garner the most up-to-date and valid information before finalizing investment decisions. It's of paramount importance that investors understand the potential risks and rewards associated with HUNGSING's financial offerings to make the most informed decisions.
Q 1: | Is HUNGSING regulated? |
A 1: | Yes. It has been verified that this company is currently under no valid regulation. |
Q 2: | What kind of trading instruments does HUNGSING offer? |
A 2: | HUNGSING is an Hongkong-based financial company offers personal finance, institutional finance services and corporate financing services to its clients. |
Q 3: | Is HUNGSING a good bank for beginners? |
A3: | No. It is not a good choice for beginners because its not regulated properly by any recognized regulatory bodies. |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.