Space Financial Holdings

Space Financial Holdings
WikiStock Rating	⭐⭐
Account Minimum	$20
Fees	Varies by transactions and services
Account Fees	Not specified
Interests on uninvested cash	3%
Margin	$100
Mutual Funds Offered	Yes
App/Platform	Available on iOS, Android, Google and Web
Promotions	Yes

Space Financial Holdings Information

　　Space Financial Holdings offers a wide range of financial services with a minimum account requirement of $20. While fees vary based on transactions and services, specific account fees are not specified. Clients can earn 3% interest on uninvested cash and have access to mutual funds. The platform is accessible via iOS, Android, Google, and web, providing convenience for users across different devices. Space Financial Holdings also provides promotions for investors.

Pros and Cons of Space Financial Holdings

　　Space Financial Holdings presents a compelling option for investors with its low account minimum of $20 and the availability of mutual funds, facilitating diversified investment portfolios. However, the platform's varied fees can lead to uncertainty regarding the total cost of transactions and services. While offering a competitive 3% interest on uninvested cash, the absence of promotional offers may deter potential clients seeking incentives. Additionally, while a margin facility is available, the limited margin requirement of $100 cannot provide sufficient leverage for certain trading strategies.

Is Space Financial Holdings safe？

　　Regulations

　　Space Financial Holdingsis currently licensed and regulated by the China Hong Kong Secturities and Futures Commission of Hong Kong(SFC) under license number BIC431 and BNS287.

What are securities to trade with Space Financial Holdings

　　Space Financial Holdings likely offers a wide range of securities for trading, including Hong Kong Securities, Shanghai Shenzhen Hong Kong Stock Connect and Asset Management. However, there may be certain securities not offered such as cryptocurrencies, options and derivatives.

• 　　Hong Kong Securities: Hong Kong Securities refer to financial instruments such as stocks, bonds, and other securities that are traded on the Hong Kong Stock Exchange (HKEX). Investors can buy and sell these securities through licensed brokerage firms and participate in the capital markets.

• 　　Shanghai Shenzhen Hong Kong Stock Connect: The Shanghai Shenzhen Hong Kong Stock Connect is a program that allows investors from Hong Kong, mainland China (Shanghai and Shenzhen), and international markets to trade securities across these regions through mutual market access arrangements. There are two main segments under Stock Connect:

• 　　Northbound Trading: Mainland Chinese investors can trade selected stocks listed on the HKEX through Shanghai and Shenzhen Stock Exchanges.

• 　　Southbound Trading: Hong Kong and international investors can trade selected stocks listed on the Shanghai and Shenzhen Stock Exchanges through the HKEX.

• 　　Asset Management: Asset management involves the professional management of various financial assets (such as stocks, bonds, real estate, and commodities) on behalf of investors, typically through specialized firms known as asset management companies or asset managers.

Space Financial Holdings Fees Review

　　Space Financial Holdings provides a transparent fee structure for trading Hong Kong stocks through both online and phone channels. For online transactions, commissions are set at 0.25% of the transaction amount with a minimum commission of $20 per trade. Meanwhile, phone transactions incur the same commission rate of 0.25% but with a higher minimum of $80 per trade. Cash subscriptions for IPOs are subject to a fixed fee of $20, while margin accounts involve a minimum commission of $100 for IPO subscriptions. Clients interested in specific commission rates tailored to their needs are encouraged to contact Space Financial Holdings' customer service hotline for personalized assistance and further details.



　　Space Financial Holdings offers a structured fee schedule for additional services beyond standard transactions. IPO subscriptions incur a processing fee of HK$100 per application. For placement and other specialized transactions, clients are advised to arrange an in-person meeting to discuss specific fees and requirements tailored to their needs. Subscription to the IPO newsletter is provided free of charge, offering valuable market insights to interested investors. Additionally, proof of assets and other non-recurring special services are subject to a processing fee of HK$100.



　　Space Financial Holdings outlines a clear fee structure for withdrawals tailored to client needs. Deposits via cheque in HKD are processed free of charge, offering a cost-effective option for transferring funds into accounts. For same-day local transfers in HKD through the Clearing House Automated Transfer System (CHATS), a fee of HK$190 per transaction applies, facilitating quick and convenient domestic fund transfers. International HKD transfers on the same day via wire transfer incur a fee of HK$260 per transaction, excluding overseas banking fees that may apply.



Space Financial Holdings App Review

　　WK Securities's app provides versatile platform for investors, such as iOS, Android, Google, and web platforms. Clients can access their accounts and manage their investments with ease from anywhere with internet access. The app's intuitive interface and robust features facilitate efficient trading, real-time market monitoring, and portfolio management.



Research and Eduation

　　Space Financial Holdings offers research and education resources through its PY CHANNEL platform, providing clients with access to valuable knowledge and insights. Through PY CHANNEL, investors can enhance their understanding of financial markets, investment strategies, and economic trends. This educational initiative aims to empower clients to make informed investment decisions and navigate the complexities of the financial landscape effectively. By leveraging PY CHANNEL's resources, clients of Space Financial Holdings can deepen their financial literacy and build confidence in their investment journey.

　　

Customer Service

　　Space Financial Holdingsprides itself on providing comprehensive customer service support to its clients.

　　Switchboard: +852 2510 0603

　　Customer Service Hotline: +852 2510 0609

　　Order Hotline: +852 2510 0603

　　Whatsapp: +852 5612 4990

　　Fax: +852 2510 0220Email: cs@spacefinancial.com.hk

　　Business hours: Monday to Friday 9:00 a.m. to 6:00 p.m. (Trading Days).

　　Closed on Saturdays, Sundays and public holidays

　　Address: Canton Road, Tsim Sha Tsui, Kowloon,Room 1905-07, Block 6, Gateway Building



Conclusion

　　In conclusion, Space Financial Holdings offers a compelling platform for investors with its low account minimum, availability of Hong Kong Securities, Shanghai Shenzhen Hong Kong Stock Connect and Asset Management. These features enhance accessibility and provide options for building diversified investment portfolios. However, the platform's varied fees may lead to uncertainty and potentially deter clients seeking transparency and incentives. Additionally, while the margin trading facility is available, the limited margin requirement should not fit for all trading strategies.

FAQs

　　Is Space Financial Holdings safe to trade？

　　Space Financial Holdings is generally considered safe to trade with, as it likely operates under regulatory oversight and employs security measures to protect clients' assets and information. However, like any investment platform, there are inherent risks associated with trading, and investors should conduct their own research and consider factors such as fees, investment options, and risk tolerance before trading with Space Financial Holdings.

　　Is Space Financial Holdings a good platform for beginners？

　　Space Financial Holdings can be a suitable platform for beginners due to its low account minimum, availability of mutual funds, and user-friendly interface. These features enhance accessibility and provide novice investors with options for building diversified investment portfolios. However, beginners should still exercise caution, conduct research, and consider consulting with a financial advisor before making investment decisions.

　　Is Space Financial Holdings good for investing/retirement？

　　Space Financial Holdings may be suitable for investing and retirement planning, offering options such as mutual funds and interest-bearing cash accounts. These features provide investors with opportunities to build long-term investment portfolios and earn returns on idle cash. However, the suitability of Space Financial Holdings for investing and retirement depends on factors such as investment objectives, risk tolerance, and time horizon. It's advisable for investors to assess their individual needs and consult with a financial advisor to determine the best approach for investing and retirement planning with Space Financial Holdings.

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.