Haitong Securities (Taifook Securities)

 

I have received little feedback on this broker. If you would like to add any comments, please email me.

Formerly known as Taifook Securities, the firm was part of the New World conglomerate, controlled by billionaire Cheng Yu-tung. In 2009, it was bought by the Hong Kong arm of mainland brokerage Haitong Securities and renamed.

The company is a major provider of investment services into Hong Kong shares for mainland residents. Although it offers a good range of international markets, it is not routinely used by international investors.

Markets available
Online tradingChina B, Hong Kong, USA, USA OTCBB and Pink Sheets
Telephone tradingAustralia, Canada, Japan - Osaka, Japan - Tokyo, Korea, Malaysia, Singapore, Taiwan, Thailand, UK
Dealing commissions and charges
Typical onlineHK$100
Online detailsChina B 0.2% (min Shanghai US$25 Shenzhen HK$100), Hong Kong 0.25% (min HK$100), USA 0.15% (min US$12.8)
Typical telephonemin ~HK$100-1,250
Telephone detailsAustralia 0.5% (min A$100), Canada 0.5% (min C$150), China B 0.3% (min Shanghai US$35 Shenzhen HK$100), Hong Kong 0.15% (min HK$100), Japan 0.3% (min ¥3,000), Korea 0.4% (min US$50), Malaysia 0.5% (min MYR200), Singapore 0.3% (min S$50), Taiwan 0.3% (min NT$1,500), Thailand 0.5% (min THB2,000), UK 0.5% (min £50), USA 0.25% (min US$30)
Other fees and charges
Account fees and inactivity feesHK$10 per month
Custody charges for stocksAustralia A$30 per holding per half year (max A$100), Hong Kong HK$0.15 per board lot per half year (min HK$50, max HK$5,000), Japan 0.15% per year, Taiwan 0.1% per year, others none
Dividend chargesDividend handling charges: Australia 1% (min A$10), Canada 1% (min C$5), China B 1% (min Shanghai US$5, Shenzhen US$5), Hong Kong up to 0.5% (min HK$20), Japan 1% (min ¥1,000), Korea 1% (min US$5), Malaysia 1.5% (min MYR20), Singapore 1.5% (min S$10), Taiwan 1% (min NT$200), Thailand 1% (min THB1,500), USA 1% (min US$5)
Corporate action chargesCorporate action handling charges: Hong Kong rights issue HK$1 per board lot (min HK$10), others not stated
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesNo
Currencies allowedHKD, USD
Other details
Tax-advantaged accountsNone
Other products and servicesBonds, futures, FX, metals, options
Minimum account sizeNone
Company locationHong Kong
Further informationVisit the Haitong Securities (Taifook Securities) website

Click here to compare Haitong Securities (Taifook Securities) with another broker

 Posted by at 1:14 pm