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What is Rifa Securities Limited？

　　Rifa Securities Limited, registered in Hong Kong, offers a broad range of tradable securities and services to meet the needs of diverse investors. The company supports trading in stocks, futures, and ETFs, providing clients with ample opportunities to diversify their portfolios.

Regulation

　　Rifa Securities Limited is licensed and regulated by the Securities and Futures Commission of Hong Kong (SFC), with license numbers AAA537, ARP340, and BJO651.

Pros & Cons

　　Rifa Securities Limited operates under the regulation of the Securities and Futures Commission (SFC) in Hong Kong, ensuring adherence to strict regulatory standards and investor protection. The brokerage offers a variety of trading platforms, providing traders with options to choose the platform that best fits their trading preferences and needs. However, there are notable limitations, such as the lack of support for forex trading and crypto trading, which may restrict the range of available trading instruments for clients. Additionally, the absence of live chat support could potentially impact the responsiveness of customer service. Furthermore, Rifa Securities Limited faces challenges in terms of educational content, as there appears to be a lack of resources aimed at helping traders enhance their knowledge and skills. Moreover, information on payment options is not adequately provided, which may lead to confusion among traders regarding available deposit and withdrawal methods.

Tradable Securities and Services

　　Rifa Securities Limited offers a wide range of trading instruments, including Hong Kong stocks, warrants, U.S. stocks, and ETFs. The funds in these accounts are protected by the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Investor Compensation Fund, reducing the risk of unforeseen losses. Additionally, Rifa Securities supports trading in various futures markets, such as global stock index futures, agricultural futures, forex futures, energy futures, precious metals futures, base metals futures, and interest rate futures.

Commissions & Fees

　　Rifa Securities Limited applies various fees and charges for trading activities in the Hong Kong stock market. Commission rates are determined through consultation with your broker. A trading levy of 0.0027% is imposed on the transaction amount, in addition to a trading fee of 0.00565%. Stamp duty stands at 0.1% of the transaction amount, rounded up to the nearest dollar. Settlement fees are set at 0.005%, with a minimum charge of HK$5.5, payable in the settlement currency. Moreover, there is an HKEX Trading System Connection Fee of HK$15 per order. The SFC Transaction Levy is calculated at 0.00015% of the transaction amount, rounded to the nearest cent. These fees are specific to trading in the Hong Kong stock market and are subject to change based on regulatory requirements.

Account Types

　　Rifa Securities Limited offers a range of account types to cater to both individual and professional investors.

　　For individual investors, there are two options: the Cash Account and the Margin Account. The Cash Account operates with funds solely from the investor's cash balance, providing a straightforward trading experience. The Margin Account, on the other hand, allows trading with funds from both the investor's cash balance and a margin facility, offering higher purchasing power but also involving greater risk.

　　For professional investors, Rifa Securities Limited provides specialized services including Securities (Cash) Accounts, Securities (Margin) Accounts, and Futures Accounts. Investors can choose either a cash account or a margin account, but not both simultaneously.

Platforms

　　Rifa Securities Limited offers a suite of trading platforms designed to cater to the diverse needs of investors.

　　The primary mobile trading platform, “Rifa Securities,” allows users to conduct securities trading and access Hong Kong stock quotes anytime, anywhere, enabling investors to seize investment opportunities promptly.

　　For enhanced security in online trading, Rifa Securities employs the Ayers security code, which provides dual authentication for a secure and compliant trading experience.

　　Additionally, Rifa Securities provides the “Esunny Extreme 9.3” futures trading software, which features a user-friendly interface, extensive data resources, and comprehensive trading support, including the capability to trade various international futures products.

　　For those who prefer mobile trading, the “Esunny EasyStar” mobile platform is available for both iOS and Android devices, accessible by scanning the provided QR code for easy download and installation.

Customer Service

　　Rifa Securities Limited offers customer support services to assist clients with their inquiries and trading needs. Clients can directly engage with customer representatives through various channels. They can reach out via phone calls to dedicated hotlines, including +4008-908-168, +852-3900-1781 (for trading inquiries), +86 14715035047, +852-3900-1718 (for customer service inquiries).

Conclusion

　　Overall, Rifa Securities Limited is regulated by the Securities and Futures Commission (SFC) in Hong Kong, ensuring a level of security for traders. They offer multiple trading platforms, but do not support forex or crypto trading. The absence of live chat support and limited educational resources are notable drawbacks, along with insufficient information on payment options.

FAQs

　　Q: Is Rifa Securities Limited a safe and reliable brokerage？

　　A: Rifa Securities Limited is regulated by the Securities and Futures Commission (SFC) in Hong Kong, providing a level of security for traders. They employ security measures like two-factor authentication to protect investors. However, it's essential for traders to remain vigilant when engaging in online trading.

　　Q: Does Rifa Securities Limited offer commission-free trading？

　　A: Commission rates are determined through consultation with your broker at Rifa Securities Limited.

　　Q: What kind of trading platform does Rifa Securities Limited offer？

　　A: Rifa Securities Limited provides multiple trading platforms, including Rifa Securities, Ayers security code, Esunny Extreme 9.3, and the “Esunny EasyStar” mobile platform.

　　Q: Is Rifa Securities Limited suitable for beginners？

　　A: Rifa Securities Limited's diverse range of platforms may be beneficial for beginners, although there is a lack of educational resources available.

Risk Warning

　　Trading online involves significant risks and could result in the complete loss of invested funds, making it unsuitable for all traders or investors. It's essential to thoroughly understand these risks before participating in any trading activities. Additionally, please note that the content of this review may change over time to reflect updates in the company's services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any investment decisions. Ultimately, the responsibility for acting on the information provided in this document lies solely with the reader.