General Information & Regulation
Since its establishment in the 1980s, Wing Fung Precious Metals has developed into a diversified financial business, including physical trading of precious metals, precious metals margin, bullion retail, securities, futures, foreign exchange, asset management, and credit services. The Group's members have expanded to include Wing Fung Precious Metals Limited, Wing Fung Bullion Investment Limited, and Wing Fung Futures Limited, among which the precious metals trading business is well known and reputable. Wing Fung Precious Metals is a member of the Chinese Gold and Silver Exchange in Hong Kong (CGSE)(Member No. 34) and enjoys the status of Bullion Group, casting 999.9 and 99 gold bars under the “Wing Fung” brand recognized in Hong Kong. Additionally, Wing Fung has been appointed by the Chinese Gold and Silver Exchange as a liquidity provider for the loco London gold market.
Main Products
Wing Fung Precious Metals offers a wide range of products to its clients, mainly Hong Kong stocks, IPO subscriptions, global stocks and funds, bonds, Shanghai-Hong Kong/Shenzhen-Hong Kong Stock Connect, Hong Kong and global futures, forex, asset management, credit, wholesale precious metals physical, precious metals margin trading, and retail precious metals physical gold.
Accounts & Fees
Investors can choose between 368 Cash Account and Margin Account for trading Hong Kong stocks. The 368 Cash Account charges 0.05% of the transaction amount (minimum charge of HK$38 per transaction). The Margin account charges are 0.1% of the transaction amount (minimum charge of HK$38 per transaction).
Spreads
For forex instruments, the spread on the EUR/USD pair starts from 1 pips, GBP/USD pair from 2 pips, AUD/USD pairs from 2 pips.
Swap Rates
Traders who want to hold positions overnight should be always consider overnigh interest rates as an additional trading cost. here is the detail interest table provided by Wing Fung:
How to open an account with Wing Fung？
Three easy steps to open an account with Wing Fung:
Complete the online application form
Upload documents for this company's verification
Receive SMS/Email approval
Trading Platform Available
Wing Fung's official APP provides traders with efficient, diversified financial services, allowing investors to grasp the latest financial information and provide trading strategies for gold, stocks, futures, and foreign exchange on trading days. The platform offers direct access to a full line of service trading platforms, including securities, futures, bullion investment, forex, bullion trading, and real gold trading, allowing traders to adjust their trading strategies and switch to different investment instruments at any time.
Deposit and Withdrawal
Wing Fung Precious Metals offers traders three deposit methods. The first one is banking deposit, and traders need to deposit funds (cash, cheque, transfer or wire transfer) to Bank of China (Hong Kong) / Bank of East Asia / China Construction Bank (Asia) / DBS Bank (Hong Kong), OCBC Wing Hang Bank where Wing Fung Precious Metals has opened accounts, all cheques must be crossed. The second way is to deposit via PPS. Customers need to open a PPS account and complete the relevant account opening procedures. Then they can immediately transfer funds to their securities account with the company online or using the PPS system over the phone (for deposits via PPS, HK$5 will be charged for each deposit of less than HK$5,000). The third way is to fast payment system (FPS). Regarding refunds, some bank branches may suspend or shorten the service hours due to the current epidemic. The customer's withdrawal request will be changed from Monday to Friday from 2:00 pm to 12:00 noon.
Customer Supports
If clients have any inquiries or trading-related issues, they can get in touch with Wing Fung through the following contact channels:
Telephone:(852) 2303 8690, 400 120 1090
Email: cs@wfgold.com
Online Chat
A Contact Form
Or you can also follow this broker on Facebook, Twitter.
2022-11-22 13:50
