Citrus Securities Limited ("the Company", "CSL") is a Licensed Corporation (CE No. BPX754) with the Securities and Futures Commission in respect of carrying out the regulated activity of Dealing in Securities. The Company provides comprehensive, reliable and convenient securities trading services to individual and corporate investors.
Note: 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.
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What is Citrus Securities？
Citrus Securities is a long-standing investment management, stockbroking, and financial advisory firm established in 1872. With over $500 million in assets under management, they offer a comprehensive suite of services to individuals, corporations, and institutions. Their expertise spans investment management, portfolio administration, stockbroking, aged care planning, superannuation management, estate planning, property investment, and in-depth market research. They are dedicated to providing clients with personalized solutions and sound advice to help them achieve their financial goals.
Additionally, Citrus Securities is regulated by the the Australia Securities & Investment Commission (ASIC), adding a layer of trust and security for its customers.
Pros & Cons
Pros Regulated by SFC: Being regulated by the Securities and Futures Commission of Hong Kong (SFC) ensures adherence to strict standards, enhancing investor protection and market integrity.
Diverse range of trading services: Citrus Securities offers a comprehensive suite of services including IPO securities trading, account management, and shares custodian solutions, catering to various investment needs and preferences.
Transparent and competitive fee structure: Citrus Securities maintains a transparent fee structure with negotiable commission fees and competitive rates for stamp duty, CCASS settlement fees, and regulatory levies, ensuring cost-effectiveness for traders.
Research and educational resources: The provision of detailed company and industry research reports empowers clients with valuable insights and knowledge for making informed investment decisions, enhancing their trading experience and decision-making capabilities.
Comprehensive customer support: Citrus Securities offers a comprehensive and accessible customer support network through email, hotline, and WeChat channels, ensuring prompt assistance and guidance during office hours, enhancing the overall customer experience and satisfaction.
Cons Limited information on platform: Information regarding Citrus Securities' app/platform is not provided, which inconveniences clients who prefer to trade on-the-go or require access to advanced trading tools and features for optimal trading experiences.
No promotions available: The absence of promotions or incentives for new clients can make the brokerage less attractive compared to competitors who offer bonuses or reduced fees as part of promotional campaigns.
Is Citrus Securities Safe？
Citrus Securities is regulated by the oversight of the oversight of the Securities and Futures Commission of Hongkong (SFC), holding license No. BPX754. This regulatory framework ensures that the company adheres to stringent standards designed to protect investors and maintain the integrity of the financial market. By adhering to the regulations, Citrus Securities ensures that its operations are conducted with the utmost professionalism and accountability, instilling confidence in its clients and stakeholders.
What are Securities to Trade with Citrus Securities？
Citrus Securities provides a comprehensive suite of services tailored to meet the diverse needs of investors in the financial markets. Their offerings include IPO securities trading and subscription services, allowing clients to participate in initial public offerings and capitalize on new investment opportunities.
Additionally, Citrus Securities offers account management services and shares custodian solutions, ensuring efficient and secure management of clients' investment portfolios. Clients can also benefit from services such as the collection of cash dividends, bonus shares, and warrants, as well as assistance with shares consolidation and splitting.
Citrus Securities Fees Review
Citrus Securities offers a transparent and competitive fee structure designed to provide value to its clients. The commission fees are negotiable, with a minimum charge of HK$80, ensuring affordability for traders of all levels. Stamp duty is set at 0.10%, rounded up to the nearest dollar, in compliance with regulatory requirements. For CCASS settlement, a fee of 0.01% is charged, with a minimum of HK$3 and a maximum of HK$200, ensuring cost-effectiveness for transactions of varying sizes. Additional regulatory levies include the SFC transaction levy at 0.0027% and the FRC transaction levy at 0.00015%.
Exchange trading fees are set at 0.00565%, contributing to the overall cost of trading. Stock custody fees are waived for holdings above 100,000 board lots, with a charge of HK$0.012 per board lot per month for smaller holdings, capped at HK$10,000. Margin interest rates are calculated at the prime rate plus 8% per annum, reflecting market conditions and ensuring transparency in financing costs.
Research & Education
Citrus Securities offers a comprehensive array of research resources covering various aspects of the financial landscape. Their company research reports delve into specific entities like Tiangong International (00826 HK), providing valuable insights into their operations, growth prospects, and market positioning. These reports equip investors with the knowledge needed to make informed decisions about investment opportunities within these companies.
Additionally, Citrus Securities provides industry research reports, offering broader perspectives on sector trends, dynamics, and growth drivers. These resources enable clients to stay abreast of industry developments and identify emerging opportunities and risks.
Customer Service
Citrus Securities provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience.
Email: cs@citrussecurities.com
Customer Service Hotline: +852 3425 4196
Wechat：CitrusSec
Office Hour: 9:00am to 5:30pm (Mon – Fri), Close on Saturday, Sunday and public holiday
Office Address: Room 2201, 22/F, 303 Hennessy Road, Wan Chai, Hong Kong
Conclusion
In conclusion, Citrus Securities emerges as a reputable brokerage firm offering a diverse range of trading services, backed by its regulation by SFC. Its transparent and competitive fee structure, coupled with detailed research and educational resources, adds value to the trading experience, empowering clients with the insights needed to make informed investment decisions.
However, the lack of detailed information on platform specifics can hinder a trader's decision-making process. Now, the ball's in your court when it comes to choosing whether to go with this broker or explore other options. Hopefully, this review has shed some light on your decision-making process.
FAQs
Is Citrus Securities suitable for beginners？
Citrus Securities is suitable for beginners due to its comprehensive range of services, transparent fee structure, educational resources, and comprehensive customer support.
Is Citrus Securities legit？
Yes, Citrus Securities is regulated by the Securities and Futures Commission of Hong Kong (SFC).
What services does Citrus Securities offer？
IPO securities trading, account management, shares custodian solutions, and assistance with various transactions such as cash dividends collection and shares consolidation.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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