Plutus Group is comprised of Plutus Securities Limited and Plutus Asset Management Limited. Plutus Securities Limited holds the Type 1 license of the Securities & Futures Commission of Hong Kong (License No.: BNJ530) and provides quality securities trading, margin financing, securities custody and nominee services for clients under the Securities & Futures Commission Ordinance.
What is Plutus？
Plutus offers a versatile investment platform with no specified account minimum, making it accessible for a wide range of investors. The fee structure varies by transaction type, with some accounts enjoying free services. New accounts benefit from no account fees, while margin interest rates are also variable, tailored to different account types. Although interest on uninvested cash is not specified, Plutus provides a range of mutual funds for investors. The platform is available on iOS, Android, and web, ensuring a seamless and convenient trading experience across multiple devices.
Pros and Cons of Plutus
Plutus offers several advantages, including regulation by the SFC and strict compliance with financial regulations, providing a secure trading environment. It supports a wide variety of assets and is accessible across multiple platforms, including iOS, Android, Mac, Windows, and Web. However, its fee structure is complex, and details on interest for uninvested cash and research and education offerings are unspecified, which may pose challenges for some investors.
Is Plutus safe？
Regulations
Plutus Securities Limited is licensed by the Securities and Futures Commission (SFC) of Hong Kong to conduct Type 1 (dealing in securities) regulated activities. This means that the company is subject to SFC's regulatory requirements, which include safeguarding client assets.
Segregated client accounts: Client funds are held in segregated accounts, separate from the company's own funds. This helps to ensure that client money is protected even if the company encounters financial difficulties.
Investor Compensation Scheme (ICS) participation: Plutus Securities Limited is a member of the ICS, which provides protection for up to HK$1,000,000 per investor in the event of the company's insolvency.
Internal risk management controls: Plutus Securities Limited has in place a comprehensive set of internal risk management controls to help identify, assess, and mitigate risks to client funds.
What are securities to trade with Plutus？
Plutus Securities offers a robust platform for trading a diverse range of securities, including Hong Kong stocks and securities. Investors can benefit from flexible IPO subscription options, with non-financing and financing choices available to cater to various investment strategies. The competitive fee structure includes negotiable commission rates and numerous waivers for settlement-related services. Plutus also provides comprehensive services in equity and debt capital markets, supporting a broad spectrum of financial activities. With clear guidelines on stock financing ratios and defined trading hours, Plutus ensures a seamless and efficient trading experience for all clients.
Stocks: Direct investment in publicly listed companies, suitable for investors seeking capital appreciation and dividends.
Options: Provide experienced investors with more strategic choices, allowing them to hedge risks or speculate by buying rights or obligations.
IPO: Investing in initial public offerings, ideal for investors aiming to participate in a company's early growth stages.
Equities: Direct investment in company shares, offering potential for capital gains and dividends.
Plutus Accounts
Plutus offers account opening services for both individual/joint accounts and corporate accounts. For individual or joint accounts, clients can easily register, providing personal or shared access to financial management tools and services. Corporate accounts are designed to meet the needs of businesses, offering comprehensive support for institutional trading and investment. Plutus ensures a streamlined process for all account types, facilitating efficient and secure management of assets.
Plutus Fees Review
Plutus provides highly competitive stock margin financing services, offering clients substantial stock margin value combined with ultra-low interest rates. This approach enhances cash flow flexibility, enabling customers to seize investment opportunities with greater financial ease. The favorable rates and minimal fees underscore Plutus's commitment to supporting its clients' financial growth and investment strategies effectively.
Hong Kong Securities Trading:
Commission: Negotiable
Stamp Duty: 0.1% on order consideration (rounded up to the nearest dollar)
Transaction Levy (SFC): 0.0027% on order consideration
Trading Fee (HKEX): 0.005% on order consideration
CCASS Fee: 0.002% on consideration (Min. $2, Max. $100)
Trading Tariff: HKD 0.5 per transaction
IPO Subscription:
Non-financing: Online Trading System Handling Charges: Waived, Manual Application Handling Charges: $50
Financing: Handling Charges: $100 + Interest
Settlement-related Services: Physical Scrip Deposit: Waived, Physical Scrip Withdrawal: $5 per board/odd lot (Min. $30).
Settlement Instruction:
via Investor Participant (ISI) Deposit/Withdrawal: Waived
via CCASS (SI) Deposit/Withdrawal: Waived
Other: $10 per board/odd lot (per stock)
Transfer Deed Stamp Duty: $5 per transfer deed
Compulsory Share Buy-back Fee: $250 per transaction + penalty charged by HK Clearing
Plutus App Review
Plutus offers a robust securities trading platform accessible via the Internet, mobile apps (iOS and Android), and customer hotline. Utilizing the BSS system authorized by the Stock Exchange of Hong Kong, Plutus ensures quick and reliable online transactions. Clients can seamlessly manage their accounts through the user-friendly mobile app or web interface. Additionally, Plutus provides direct order placement through its professional customer service team, ensuring comprehensive support and convenience for all trading activities.
Research and Education
Plutus does not provide specific details about its research and education offerings on its official website. However, their emphasis on comprehensive customer support and advanced trading platforms suggests a commitment to equipping clients with the tools and resources needed for informed investment decisions. Customers can likely expect a robust support system to assist with their trading and investment activities.
Customer Service
Plutus provides dedicated customer support through multiple channels, ensuring clients have access to assistance whenever needed. Customers can reach out via email atinfo@plutusfingroup.comor call the support lines at (852) 2968 1192 and (852) 2968 5560. This multi-faceted support system underscores Plutus's commitment to delivering prompt and professional assistance to its clients.
Conclusion
In conclusion, Plutus stands out with its regulation by the SFC and a comprehensive range of assets, ensuring a secure and versatile trading experience. Its accessibility across iOS, Android, Mac, Windows, and Web platforms is another key highlight, catering to tech-savvy investors who value convenience. However, the complex fee structure and unspecified details on uninvested cash interest and research resources may require careful consideration. Plutus is ideal for investors seeking a regulated, multi-asset platform with broad accessibility.
FAQs
Is Plutus safe to trade？
Yes, Plutus is safe to trade as it is regulated by the Securities and Futures Commission (SFC) and complies with stringent financial regulations, ensuring a secure trading environment.
Is Plutus a good platform for beginners？
Plutus can be suitable for beginners due to its availability across multiple platforms (iOS, Android, Mac, Windows, Web). However, beginners should be aware of the complex fee structure and seek clarity on the interest for uninvested cash and available educational resources.
Is Plutus legit？
Yes, Plutus is a legitimate trading platform, regulated by the SFC, which ensures compliance with financial regulations and provides a secure environment for investors.
Is Plutus good for investing/retirement？
Plutus is a viable option for investing and retirement due to its wide range of assets and comprehensive platform accessibility. However, potential investors should consider the complex fee structure and the unspecified details regarding interest on uninvested cash and research resources.
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.
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