国融证券

GuoRong Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	N/A
Trading Fees	Commission fee:No more than 0.5%
Account Related Fees	Account opening fee: A-share account RMB 20 per household for individuals and RMB 200 for institutional investors; B-share Shanghai account USD 19 for individuals and USD 85 for institutional investors; shenzhen HKD 120 for individuals and 580 for institutions
Interests on Uninvested Cash	N/A
Margin Interest Rates	Financing rate of 8.6% and a securities lending rate of 10.6%
Mutual Funds Offered	Yes
App/Platform	GuoRong Securities Doudouman, GuoRong Rongyan Tong, GuoRong Securities Tonghuashun, GuoRong Dazhihui
Promotion	No

What is GUORONG Securities？

　　GuoRong Securities offers a wide range of tradable securities and services, including stocks, bonds, and funds, with a commission fee of no more than 0.5%.

　　Established in China 2002, the firm operates nationwide with branches in major cities. Regulated by the China Securities Regulatory Commission (CSRC), it adheres to strict regulatory standards. However, the availability of educational resources is limited, and research reports are not provided.

Pros and Cons

　　GuoRong Securities offers several advantages that make it an attractive option for investors. Firstly, the availability of a mobile platform allows for convenient and accessible trading on-the-go. Secondly, being regulated by the China Securities Regulatory Commission (CSRC) instills confidence in investors regarding the legitimacy and security of their investments. Moreover, GuoRong Securities provides multiple contact channels for customer support, ensuring prompt assistance and addressing concerns efficiently.

　　However, there are notable drawbacks to consider. The relatively high trading fees, at 0.5%, deters cost-conscious investors, especially when compared to competitors offering lower commission rates. Furthermore, GuoRong Securities lacks comprehensive educational resources, potentially hindering investors' ability to make informed decisions. The absence of research reports further limits the availability of market insights, which could impact investors' strategies.

Is GUORONG Securities Safe？

• Regulations:

　　GUORONG Securities holds one securities license issued by the China Securities Regulatory Commission (CSRC), indicating compliance with regulations governing securities trading within China. The license type is specifically designated as the China Securities Trading License, affirming the company's authorization to engage in securities trading activities within the country.


• Funds Safety:

　　GuoRong Securities does not explicitly offer insurance coverage for customer account balances. As a brokerage firm regulated by the China Securities Regulatory Commission, it adheres to regulatory standards ensuring the security of customer funds.

• Safety Measures:

　　GuoRong Securities implements various security measures to safeguard investor assets and data. These include encryption protocols to protect sensitive information during transmission and storage, multi-factor authentication for account access, and regular security audits to identify and address potential vulnerabilities. Additionally, the platform employs firewalls and intrusion detection systems to prevent unauthorized access to its systems.

What are Securities to Trade with GUORONG Securities？

　　GUORONG Securities offers a wide range of tradable securities, providing investors with various options for building and diversifying their investment portfolios. Investors can access a wide array of securities, including stocks, stock options, bonds, funds, warrants, and depository receipts.

　　Stocks and stock options: Investors can trade stocks listed on major exchanges, including A-shares, B-shares, and Hong Kong Stock Connect securities, allowing for exposure to both domestic and international markets.



　　Bonds: GUORONG Securities facilitates bond trading, offering investors the opportunity to invest in fixed-income securities, including government bonds, corporate bonds, and convertible bonds.

　　Funds: The platform enables trading of securities investment funds, including closed-end funds, ETFs (Exchange-Traded Funds), and LOFs (Listed Open-Ended Funds).



　　Warrants: Investors can trade warrants, providing them with the opportunity to leverage their investment positions and potentially enhance returns through derivatives trading.

　　Depository Receipts: GUORONG Securities also facilitates the trading of depository receipts, allowing investors to access shares of foreign companies listed on domestic exchanges.

GUORONG Securities Accounts

　　GUORONG Securities offers various account types for different investor needs and experience levels.

• Standard Cash Account This is the most basic account type, suitable for new investors or those who prefer a simpler approach. It allows you to buy and sell securities with your available cash. Margin trading and short selling are typically not allowed with this account.
• Margin Account: This account type grants access to margin trading, enabling investors to borrow funds to purchase securities. This can magnify potential gains but also amplifies potential losses. Interest is charged on the borrowed funds. Margin accounts are generally suited for experienced investors comfortable with the higher risks associated with leveraged trading.
• Account with Stock Borrowing and Short Selling Functionality: This advanced account combines margin trading with short selling. It allows investors to borrow securities to sell short, potentially profiting from price declines. Due to the complexity and heightened risks involved, this account type is best suited for seasoned investors with advanced trading strategies and a high tolerance for risk.

GUORONG Securities Fees Review

• Commissions and Fees

　　Shanghai A-share Transactions:

　　Commission: GUORONG Securities charges a commission of no more than 0.3% of the transaction amount for A-share transactions, with a minimum charge of 5 yuan.

　　Stamp Duty: Stamp duty is levied at 0.1% of the transaction amount, paid unilaterally by the transferor and halved.

　　Account Opening Fee: Opening an A-share account incurs an account opening fee of RMB 20 per household for individuals and RMB 200 per household for institutional investors. Opening a credit account involves an account opening fee of RMB 40 for individuals and RMB 400 for institutions.

　　While GUORONG Securities' A-share transaction fees are in line with industry standards, its account opening fees are relatively high, which might deter some investors.

　　Shanghai B-share Transactions:

　　Commission: The commission for B-share transactions is no more than 0.3% of the transaction amount, starting from 1 USD.

　　Settlement Fees: A settlement fee of 0.002% of the transaction amount is charged, up to USD 50 per transaction.

　　Stamp Duty: Stamp duty, charged at 0.1% of the transaction amount, is paid unilaterally by the transferor and halved.

　　Account Opening Fee: Opening a B-share account incurs an account opening fee of USD 19 for individuals and USD 85 for institutional investors.

　　The account opening fees for B-share accounts with GUORONG Securities are relatively high compared to some competitors, despite standard transaction fees.

　　Shenzhen A-share Transactions:

　　Commission: Similar to A-share transactions in Shanghai, GUORONG Securities charges a commission of no more than 0.3% of the transaction amount, starting from 5 yuan.

　　Bonds: For bond transactions, the commission is no more than 0.02% of the transaction amount.

　　Convertible Bonds: Commission for convertible bonds transactions is capped at no more than 0.1% of the transaction amount.

　　Account Opening Fee: Opening an A-share account incurs an account opening fee of RMB 20 per household for individuals and RMB 200 per household for institutional investors. Credit accounts have an account opening fee of RMB 40 for individuals and RMB 400 for institutions.

　　Shenzhen B-share Transactions:

　　Commission: B-share transactions incur a commission of no more than 0.3% of the transaction amount, starting from HKD 5.

　　Settlement Fees: A settlement fee of 0.002% of the transaction amount, up to HKD 500 per transaction, is charged.

　　Stamp Duty: Stamp duty is levied at 0.1% of the transaction amount, paid unilaterally by the transferor and halved.

　　Account Opening Fee: Opening a B-share account incurs an account opening fee of HKD 120 for individuals and HKD 580 for institutional investors.

　　GUORONG Securities' account opening fees are generally higher compared to some competitors, which could be a factor for investors when considering their brokerage options. Despite this, transparent transaction charges across various types of transactions and other service features still make them a viable option for investors seeking a reliable brokerage service.

Transaction Type	Fee Type	Standard Costs	Final Charging Unit
A-share Account	Account Opening Fee	RMB 20/household	Investors submit to the settlement company
A-share Account	Account Opening Fee	RMB 200/household	Investors submit to the settlement company
A-share Account	Credit Account Opening Fee	RMB 40/household	Investors submit to the settlement company
A-share Account	Credit Account Opening Fee	RMB 400/household	Investors submit to the settlement company
B-share Account	Account Opening Fee	USD 19	Investors submit to the settlement company
B-share Account	Account Opening Fee	USD 85	Investors submit to the settlement company
Shenzhen A-share Account	Account Opening Fee	RMB 20/household	Investors submit to the settlement company
Shenzhen A-share Account	Account Opening Fee	RMB 200/household	Investors submit to the settlement company
Shenzhen A-share Account	Credit Account Opening Fee	RMB 40/household	Investors submit to the settlement company
Shenzhen A-share Account	Credit Account Opening Fee	RMB 400/household	Investors submit to the settlement company
Shenzhen B-share Account	Account Opening Fee	HKD 120	Investors submit to the settlement company
Shenzhen B-share Account	Account Opening Fee	HKD 580	Investors submit to the settlement company
Shanghai A-share Trade	Commission	No more than 0.3%	Investors to securities companies
Shanghai B-share Trade	Commission	No more than 0.3%	Investors to securities companies
Shenzhen A-share Trade	Commission	No more than 0.3%	Investors to securities companies
Shenzhen B-share Trade	Commission	No more than 0.3%	Investors to securities companies
Hong Kong Stock Connect	Commission	No more than 0.3%	Investors to securities companies
Shanghai A-share Trade	Transfer Fee	0.001% of transaction	Investors submit to the settlement company
Shanghai B-share Trade	Settlement Fees	0.002% of transaction	Investors submit to the settlement company
Shenzhen A-share Trade	Bonds Commission	No more than 0.02%	Investors to securities companies


• Margin Interest Rate

　　GUORONG Securities offers competitive margin interest rates, with a financing rate of 8.6% and a securities lending rate of 10.6%. These rates enable investors to leverage their investments through margin trading efficiently, potentially enhancing returns on their investment portfolios.



GUORONG Securities App Review

　　GUORONG Securities offers a variety of apps to facilitate trading activities for its users, including:

• GuoRong Securities Doudouman:

　　GuoRong Securities Doudouman is a professional financial trading platform tailored for investors. It offers 24/7 account opening, real-time market updates for Shanghai, Shenzhen, and Hong Kong, swift stock trading, latest financial news, and various financial products. Users can easily open accounts, access real-time market conditions, execute lightning-fast transactions, obtain professional financial information, receive personalized investment advice, and explore various financial management options.

• GuoRong Rongyan Tong:

　　GuoRong Rongyan Tong is another Android app provided by GuoRong Securities. This app also facilitates financial trading and investment activities, potentially offering features such as market analysis, portfolio management, and account services.

• GuoRong Securities Tonghuashun:

　　GuoRong Securities Tonghuashun provides features such as real-time market data from Shanghai, Shenzhen, and Hong Kong, stock trading capabilities, financial news updates, and access to various financial products. With a user-friendly interface, this app offers a friendly trading experience, enabling investors to make informed decisions and manage their portfolios efficiently.

• GuoRong Dazhihui:

　　GuoRong Dazhihui is an Android app provided by GuoRong Securities. It as a financial trading platform offering a range of services to investors. These services include real-time market updates, stock trading capabilities, financial news, analysis tools, and possibly access to research reports and investment recommendations. With its inclusion in GuoRong Securities' suite of apps, it's expected to uphold the company's standards of reliability and professionalism in serving investors' needs.



Research & Education

　　GuoRong Securities provides fundamental educational resources like Investment Education Consulting, which can be beneficial for new investors navigating the market.

　　These resources address common investment challenges and emphasize investor rights protection, promoting a transparent and ethical trading environment. Additionally, channels for information consultation and insights into laws and regulations can help investors make informed decisions.

　　However, the absence of research reports might limit its competitiveness compared to popular brokers that offer in-depth market analysis.



Customer Service

　　GuoRong Securities Co., Ltd. offers comprehensive customer support services.

　　Customers can reach out via the customer service and complaint hotline at 95385 or 400-660-9839.

　　The national unified telephone entrustment number is also available at 95385 or 400-660-9839.

　　For assistance, customers can contact the company call center return telephone number at 95385 or 0471-6919911.

　　Additionally, customers can lodge complaints via email at khts@grzq.com.



Conclusion

　　GuoRong Securities presents advantages like regulated trading, a mobile platform, and accessible customer support. However, its relatively high trading fees, lack of educational resources, and absence of specified account minimums may deter cost-conscious or novice investors.

　　The platform suits active traders seeking regulated services with convenient mobile access. Despite the drawbacks, its nationwide presence and adherence to regulatory standards offer a level of reliability for those comfortable with potentially higher trading costs.

FAQs

• Is it safe to trade on GuoRong Securities？
• GuoRong Securities is regulated by the China Securities Regulatory Commission, ensuring compliance with strict security standards and providing a safe trading environment.
• Is GuoRong Securities a good platform for beginners？
• While GuoRong Securities offers accessible customer support and a mobile platform, its limited educational resources may make it less suitable for novice investors seeking comprehensive guidance.
• Is GuoRong Securities legit？
• Yes, GuoRong Securities is a legitimate brokerage firm approved by the China Securities Regulatory Commission, adhering to regulatory requirements and providing regulated trading services.
• Is GuoRong Securities good for investing/retirement？
• GuoRong Securities offers a wide range of tradable securities and retirement account options, making it suitable for long-term investing and retirement planning, especially for investors comfortable with potentially higher trading fees.

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.