Merdeka

Merdeka
WikiStock Rating	⭐⭐⭐
Fees	0.25% (min HK$80 per transaction)
Account Fees	Not Mentioned
App/Platform	Online Trading Platform

Merdeka Information

　　Merdeka, a securities company based in Hong Kong, has positioned itself as a provider of flexible stock trading services with stocks being the primary tradable asset available on its platform. Operating under the regulatory oversight of the China Hong Kong Securities and Futures Commission, Merdeka holds a Securities Trading License.

　　However, as of July 31, 2023, Merdeka officially ceased carrying out Type 1 regulated activities. Customers with remaining stocks and/or cash in their accounts are advised to contact the company within 14 days of the announcement to arrange for withdrawal or transfer to other SFC licensed companies. Merdeka is no longer a participant of the Hong Kong Securities Clearing Company, with all customer stocks currently held in the trust account of Head & Shoulders Securities Limited.

Pros & Cons of Merdeka

• Provides flexible stock trading service: Merdeka offers clients flexibility in buying and selling stocks on its platform.
• Regulatory oversight by SFC: Being under the regulatory oversight of the China Hong Kong Securities and Futures Commission ensures that Merdeka operates within the legal framework and complies with industry regulations.
• Stocks deposited in a trust account: Customers' stocks being held in the trust account of Head & Shoulders Securities Limited adds a layer of security and protection for client assets.

• Limited tradable asset: While Merdeka specializes in stock trading, the fact that stocks are the primary tradable asset may limit the range of investment options available to clients.
• Not a participant of the Hong Kong Securities Clearing Company: Merdeka's withdrawal from the clearing company may impact the efficiency and processes related to stock trading and settlement.

Is Merdeka Safe？

• Regulatory Sight: Merdeka operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission (No.AGV419), holding a Securities Trading License. This regulatory authority ensures that financial institutions comply with relevant laws and regulations to protect investors and maintain market integrity.

• User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
• Security Measures: So far we haven't found any information about the security measures for this broker.

What are Securities to Trade with Merdeka？

　　Merdeka claims to offer a flexible stock trading service to clients, allowing them to buy and sell stocks through their platform. Stocks appear to be the primary tradable asset available for trading on Merdeka's platform, indicating a focus on stock trading as a core offering.

Merdeka Accounts

　　Merdeka provides clients with the option to open personal accounts or joint accounts.

　　A personal account is typically opened by an individual for their exclusive use, allowing them to manage their finances independently.

　　On the other hand, a joint account is designed for multiple individuals, such as spouses or business partners, to co-own and manage finances together. In a joint account, all account holders have equal access and responsibility for transactions and account management.

Merdeka Fee Review

　　Trade related service

　　Physical Scrip Handling

　　Settlement-Related Services

Merdeka App Review

　　Merdeka utilizes AMS/3 technology, allowing clients to trade stocks conveniently through internet-based platforms or phone services. This technology facilitates the execution of stock trades efficiently and enables customers to access the stock market remotely.

Customer Service

　　Meedeke provides clients with multiple contacts. And their Office Hour is from Monday to Friday, 9:30 am – 12 nn, 1 pm-5:30 pm.

• Telephone: (852)2868-1063
• Email: cs@merdeka.com.hk
• Fax: (852)2869-8807
• Company Address: Room 1108 - 1110, 11/F, Wing On Centre, 111 Connaught Road Central, Hong Kong

Conclusion

　　In conclusion, Merdeka presents itself as a brokerage firm that holds a Securities Trading License from the China Hong Kong Securities and Futures Commission. While the firm specializes in stocks as the primary tradable asset and ensures regulatory compliance, recent changes in business operations, such as the cessation of Type 1 regulated activities and termination of customer contracts. As clients weigh the pros and cons of working with Merdeka.

Q&A

　　What types of assets can I trade on Merdeka's platform？

　　It primarily focuses on stock trading, with limited options for other types of assets.

　　What regulatory oversight does Merdeka adhere to？

　　It operates under the regulatory oversight of the China Hong Kong Securities and Futures Commission.

　　What types of account does Merdeka offer？

　　It offers personal accounts and joint accounts.

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.