Joy Rich

Joy Rich
WikiStocks Rating	⭐⭐⭐
Fees	Commission:From 0.25%(Minimum:HK$100)
Interests on uninvested cash	3.17%
Mutual Funds Offered	Yes
Platform/APP	Joy Rich APP(Online Trading Platform and Mobile APP, For Mainland and Hongkong)
Promotion	N/A

What is Joy Rich？

　　Joy Rich is a financial services company that offers competitive trading fees, starting at 0.25% with a minimum of HK$100, making it an attractive option for traders focusing on cost efficiency.

　　The company provides a user-friendly trading app for both Mainland China and Hong Kong, enhancing accessibility and convenience for its users.

　　However, Joy Rich does not currently offer any promotional incentives, which might limit its appeal compared to other platforms with aggressive marketing strategies.

Pros & Cons

　　Pros:

　　Joy Rich offers a wide range of tradable securities and is regulated by the SFC, ensuring a secure trading environment. It features a versatile trading platform available on both online and mobile interfaces and provides round-the-clock customer support.

　　Cons:

　　However, Joy Rich's commission fees are relatively high with a minimum of HK$100, and it only supports bank transfer for deposits, limiting the convenience for users preferring other payment methods.

Is Joy Rich Safe？

　　Regulations:

　　Joy Rich is regulated under the Hong Kong Securities and Futures Commission (SFC), which is an independent statutory body established to oversee and regulate the securities and futures markets in Hong Kong. The firm holds a Type 1 (Dealing in Securities) and Type 4 (Advising on Securities) license (License No. BIH924). This regulatory framework ensures that Joy Rich operates in compliance with stringent legal and operational standards, contributing significantly to its credibility and safety as a broker.

　　Fund Safety:

　　Joy Rich ensures the safety of client funds through the use of segregated accounts. This measure keeps client monies separate from the company's operational funds, providing a safeguard against the firm's financial difficulties. By maintaining this separation, the firm upholds the integrity and security of client assets, in compliance with regulatory requirements.

　　Safety Measures:

　　To secure online trading, Joy Rich employs a robust double verification process. This includes a standard account password coupled with a one-time password delivered via SMS for each login or transaction attempt. This two-step verification process significantly enhances security by preventing unauthorized access and ensuring that only legitimate users can execute transactions.

What are securities to trade with Joy Rich？

　　Joy Rich Securities Investment Limited offers a diverse range of securities for trading, meeting various investor needs. Heres a breakdown of the securities available:

• 　　Equities Trading:

• 　　HK Market: Investors can trade in ETFs, Warrants, options, and securities from the Shanghai and Shenzhen Stock Exchanges via the SH/SZ-HK Stock Connect.

• 　　US Markets: Offers trading in ETFs and options.



• 　　Initial Public Offerings (IPOs): Clients can participate in IPOs, providing an opportunity to invest in companies at the time of their market debut.



• 　　Fixed Income: This includes investments in bonds and other debt securities, suitable for investors seeking steady income.



• 　　Secondaries / Private Placement: This service involves trading in securities that are not offered publicly in the primary market. It's an opportunity for investors to engage in less publicly available investments.



• 　　Other Value Added Services: Joy Rich also provides customized services such as customized margin financing to enhance buying power, a 24-hour trading team to facilitate large block orders, and other specialized financial solutions tailored to meet the individual investment and wealth management needs of High Net Worth Individuals (HNIs).



Services

　　Joy Rich Securities Investment Limited provides a array of services tailored to meet the diverse needs of its clients, especially focusing on high net worth individuals and professional investors.

• 　　Telephone/Online Order Execution: Allows clients to execute trades either through a phone call or online, providing flexibility and convenience.

• 　　Wealth Management for High Net Worth Entities: The JR Wealth Management platform offers a suite of asset allocation solutions both domestically and overseas, understanding and meeting the unique investment requirements of international markets.

• 　　Personal Client Manager: Each client is assigned a dedicated manager who provides tailored investment solutions. Product specialists offer additional support and insights into various asset classes.



Joy Rich Fee Review

　　The fee structure for Joy Rich Securities Investment Limited includes various charges for trading and additional services across different markets:

　　Hong Kong Stock Trading Services: Charges for trading stocks in Hong Kong include a trading commission of 0.25% with a minimum fee of $100, various small percentage levies and fees by the HKEx and SFC, a stamp duty rounded up to the nearest dollar, and a minimum CCASS clearing fee of $2.

　　Physical Stock Withdrawal/Deposit Charges: Fees for physical stock transactions involve withdrawal charges of $6 per board/odd lot with a minimum of $100, and deposit services for securities instructions that are free, with minimal withdrawal charges.

　　Nominee Services: Nominee services are free for stock custody but charge for dividend and bonus entitlement collections, with specific fees per transaction and additional fees for board/odd lots.

　　Other Services: This includes fees for IPO applications, bank transfers, returned cheques, reprinting statements, and interest rates on cash and margin accounts, each set at specific rates and conditions.

　　US and China Trading Services: US stock trading includes a base commission plus additional fees for SEC regulations and ADRs, while trading in Shanghai and Shenzhen involves similar commission structures with added handling and management fees.

Service Category	Service Type	Charges	Remarks
Hong Kong Stock Trading	Trading Commission	0.25%	Minimum charge $100
	Transaction Levy (SFC)	0.00%
	Trading Fee (HKEx)	0.01%
	Stamp Duty	0.10%	Rounded up to the nearest dollar
	CCASS Clearing Fee	0.00%	Minimum charge $2
	FRC Transaction Levy	0.00%	Rounded up to the nearest cent
Physical Stock Transactions	Physical Stock Withdrawal	$6 per board/odd lot	Minimum charge $100
	Security Transfer Withdrawal	$5 per board/odd lot	Minimum charge $50
	Security Transfer Deposit	Free
	ISI Withdrawal	$10 per transaction
	Transfer Deed Stamp Duty	$5 per Transfer Deed
Nominee Services	Stock Custody Fee	Free
	Dividend Collection	0.5% on gross dividend + $1.5/lot	Minimum charge $20
	Bonus Entitlement Collection	$30 per transaction + $1.5/lot
	Rights, Corporate Actions	$50 per transaction + $0.8/lot
Other Charges	IPO Application (Non-financing)	$50 per application
	IPO Application (Financing)	$100 per application
	Local Bank Transfer	$200
	Telegraphic Transfer (Local/Overseas)	$200 (+ banks charges if applicable)
	Returned Cheque	$200 per cheque
	Reprint Monthly Statements	$50 per statement	Free within 3 months
	Interest Rate on Cash/Margin Account	Prime Rate+6% / Prime Rate+4%
US Stock Trading	Trading Commission	0.25%	Minimum charge $30 per order
	SEC Fees	Variable	Applicable per sell trade only
	ADRs Fee	$0.01 - $0.05 per share	Per book close collected by the ADR issuers
China Trading Services	Trading Commission	0.25%	Minimum charge $100
	Handling Fee	0.00%
	Securities Management Fee	0.00%
	Transfer Fee (China/Hong Kong)	0.001% / 0.002%
	Stamp Duty	0.05%	On seller only
	Portfolio Fee	Daily value x 0.008% / 365	Accrued daily, collected monthly
	Dividend Collection	0.5% on gross dividend + $1.5/lot	Minimum charge $20
	Corporate Actions	$0.8 per board/odd lot	Minimum charge $20
	Telegraphic Transfer	$300 per transfer



Joy Rich Trading Platform Review

　　The trading platform described is a highly interactive and feature-rich platform tailored for trading Hong Kong stocks, with functionalities accessible via both a web interface and mobile app. The platform provides a real-time view of stock market indices and individual stock performance, enabling users to monitor HK and GEM stocks effectively. Features highlighted include:

• 　　Real-time Stock Trading: Allows users to buy and sell stocks instantly, with a clear display of trading details such as the order type, stock code, and transaction price.

• 　　Order Management: Users can view and manage their orders, with functionalities to reject or modify pending orders, enhancing trading flexibility。

• 　　Detailed Stock Information: The platform displays detailed stock data including price movements, trading volumes, and historical performance.

• 　　Customizable Stock Watchlist: Provides a customizable list of favorite stocks, making it easier for users to track specific investments and market opportunities.

• 　　Trading Insights and Security: Ensures secure and swift transactions, backed by double verification processes to safeguard user operations.

• 　　Financial Overview: Offers a clear and simple interface for users to check their account balances and transaction history, ensuring transparency in financial dealings.



Research & Education

　　Joy Rich Securities Investment Limited provides research and educational resources to support its clients' investment decisions and enhance their understanding of various market dynamics. The company's research offerings include:

　　Research / Newsletters / Notifications:

• 　　Guangdong Hong Kong Macau Greater Bay Area Introduction (Date: 2019-04-15): This specific research document offers an introduction to the significant regional economic initiative involving Guangdong, Hong Kong, and Macau. The paper is available for download directly from their website, indicating that Joy Rich provides timely and relevant research materials to aid investors in understanding broader economic contexts and potential investment opportunities.



Customer Service

　　Joy Rich Securities Investment Limited provides customer support through multiple communication channels to ensure accessibility and efficient service for its clients.

　　The company can be contacted via telephone at +852 3701 3900 for direct inquiries, which is complemented by a fax number, +852 2177 6009, for document submissions.

　　Additionally, clients can reach out through email at info@jrsec.hk for any queries or support needs. The physical address for face-to-face interactions or postal correspondence is located at Room 1606, North Tower, Concordia Plaza, No. 1 Science Museum Road, Tsim Sha Tsui East, Kowloon, Hong Kong.



Conclusion

　　Joy Rich Securities Investment Limited offers a robust suite of financial services targeted at high-net-worth individuals and professional investors.

　　Regulated by the Hong Kong Securities and Futures Commission, Joy Rich provides a secure platform with a diverse range of investment options including equities, IPOs, fixed income, and private placements.

　　With a user-friendly trading platform accessible via mobile and online interfaces, 24-hour client service, and detailed research resources, the company stands out for its commitment to support and tailored investment solutions.

FAQs

• 　　What types of securities can I trade with Joy Rich Securities Investment Limited？

• 　　You can trade a variety of securities with Joy Rich, including equities, bonds, overseas funds, structured notes, and participate in IPOs and private placements.

• 　　How can I contact Joy Rich Securities for support or inquiries？

• 　　You can contact Joy Rich Securities via telephone at +852 3701 3900, by fax at +852 2177 6009, or email at info@jrsec.hk. They are located at Room 1606, North Tower, Concordia Plaza, No. 1 Science Museum Road, Tsim Sha Tsui East, Kowloon, Hong Kong.

• 　　What are the key features of the Joy Rich trading platform？

• 　　The Joy Rich trading platform offers real-time trading, detailed market analytics, customizable watchlists, and double verification security measures.

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.