Kam Fai Securities Company Limited (hereinafter referred to as "KFS") is listed on the Main Board of HKEx, and an SFC regulated body for securities trading (Type 1 Activity). We primarily provide services in securities trading to institutions and individuals and margin financing. We provide professional services and a convenient, secured online trading platform to more than 2,000 prestigious clients, powered and supported by our very experienced team.
KFS Information
KFS is a financial service provider rated three stars by WikiStocks, offering competitive commissions negotiated per client and a low transaction fee of just 0.005% per transaction amount.
They provide access to mutual funds and feature the BSS Online Trading Platform, satisfying users seeking a streamlined trading experience.
However, a potential drawback is the lack of promotions, which limits appeal to new clients looking for initial incentives.
Pros & Cons
Pros:
KFS is regulated by the SFC, ensuring compliance with industry standards and offering a layer of security for investors. The firm provides a range of account types, accommodating both individual and corporate clients, which enhances its accessibility and flexibility. Additionally, KFS offers a demo account, allowing new and prospective clients to familiarize themselves with trading before committing real funds.
Cons:
One downside is that KFS uses negotiated commissions, which can potentially lead to higher costs for traders depending on the negotiation outcomes. They also charge a transaction fee of 0.0005%, adding to the trading costs. Moreover, KFS lacks a specific proprietary trading platform and does not provide a mobile trading app, which could limit accessibility and convenience for traders who prefer trading on the go.
Is KFS Safe?
Regulation
KFS is regulated by the Securities and Futures Commission (SFC) of Hong Kong under license number ADV911.
The SFC is a respected regulatory body, established to oversee and ensure the integrity of securities and futures markets in Hong Kong, making it operationally independent and funded mainly by transaction levies and licensing fees.
Funds Safety:
While the specific insurance coverage details for client's account funds are not mentioned, the regulatory oversight by the SFC generally mandates stringent measures for the protection of client funds. This often includes requirements for brokers to keep client funds in segregated accounts to protect them from being used for any other purpose than the intended trading activities of the client.
Safety Measures:
KFS employs various security measures to safeguard client information and funds. The platform operates in a JAVA environment and requires regular password updates every three months, enhancing security against unauthorized access. The use of Hypertext Transfer Protocol Secure (HTTPS) ensures encrypted communications between clients and servers, thereby securing online transactions.
Furthermore, the firm advises on the secure management of e-Certificates and passwords to prevent mishandling and unauthorized use, which are crucial for maintaining the integrity of client accounts and transactions.
What are securities to trade with KFS?
Kam Fai Securities Company Limited (KFS) allows its clients to engage in securities trading, specifically focusing on local stocks and stock certificates in Hong Kong.
Local Stocks and Stock Certificates: Kam Fai Securities Company Limited (KFS) offers trading services for local stocks and stock certificates. This includes the buying and selling of shares listed on the Hong Kong Stock Exchange, facilitated through both telephone and online trading platforms. Clients can negotiate individual brokerage rates, making it a flexible option for both novice and experienced traders.
Dividend and Bonus Shares Handling: KFS provides nominee services for the collection of dividends and the handling of bonus shares. This service ensures that dividends and shares are processed efficiently and credited to client accounts. It includes handling charges for dividend collection and a nominal fee for the transfer of bonus shares, streamlining the management of investment returns.
Corporate Actions: KFS supports its clients through various corporate actions such as share exchanges, rights issues, privatizations, and acceptance of acquisitions. They charge a minimal fee per board lot, enabling investors to participate in significant corporate events and decisions that will affect their holdings. This service is essential for investors looking to engage more deeply with their investments and broader market dynamics.
Banking Services: In addition to securities trading, KFS offers various banking services related to securities transactions, including wire transfers. These services are tailored to support the financial transactions associated with trading activities, ensuring clients have a nice operational experience from trade execution to fund management.
KFS Account Review
Kam Fai Securities Co. Ltd. offers several types of accounts tailored to different client needs, including individual or joint accounts, company accounts, and accounts for companies registered outside Hong Kong such as in the British Virgin Islands.