Overview of Sinopac Securities
Sinopac Securities (Asia) Limited, a subsidiary of Sinopac Financial Holdings, is a licensed securities and futures trading company based in Hong Kong. It offers a wide range of financial products and services to clients and businesses. Sinopac Securities (Asia) has a strong professional team and a diverse portfolio of mature financial products. The company aims to be a leader in the industry by focusing on innovation and balance. It strives to provide comprehensive services and expand its investment banking and wealth management businesses in the Greater China region.
Is Sinopacasia legit or a scam？
Sinopac Securities is regulated by regulatory agencies in both Taiwan and Hong Kong.
In Taiwan, Sinopac Securities is regulated by the regulatory agencies overseeing the Taipei Exchange, which is the securities exchange in Taiwan. These regulatory agencies, such as the Financial Supervisory Commission (FSC) and the Securities and Futures Bureau (SFB), are responsible for ensuring compliance with relevant laws, regulations, and market standards in the securities industry.
In Hong Kong, Sinopac Securities is regulated by the Securities and Futures Commission (SFC), which is the regulatory body overseeing the securities and futures markets in Hong Kong. The SFC sets rules and regulations to promote fair and transparent trading practices and safeguard investor interests.
By being regulated by these regulatory agencies, Sinopac Securities is required to comply with various regulatory requirements, such as licensing, reporting, disclosure, and risk management. This regulatory oversight helps ensure the integrity and stability of the securities market and provides a level of protection for investors.
Pros and Cons
Sinopac Securities offers a range of pros that make it an attractive choice for investors. Firstly, the company provides a diverse portfolio of financial products, allowing investors to access various investment opportunities. This includes market instruments such as stocks, bonds, futures, and options, catering to different risk appetites and investment goals. Additionally, Sinopac Securities is regulated by reputable regulatory agencies in Taiwan and Hong Kong, ensuring compliance with industry standards and providing a level of security and protection for investors.
Despite its strengths, there are a few limitations associated with Sinopac Securities. One drawback is the limited availability for international investors. Sinopac Securities primarily operates in Taiwan and Hong Kong, which may restrict access for investors located outside these regions. Additionally, while Sinopac Securities offers a wide range of financial products, the provided information may lack specific details about the products and services offered. This can be a disadvantage for investors who require more comprehensive information to make informed investment decisions. It is advisable for potential investors to conduct thorough research and seek clarification from Sinopac Securities regarding any specific investment needs or concerns.
Market Instruments
The Hong Kong securities market offers a range of market instruments, including the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, which enable trading of eligible stocks between mainland China and Hong Kong. Additionally, global securities listed on the Hong Kong Stock Exchange provide investors with access to international companies and markets. The market also offers a variety of derivatives products, such as options and futures, for risk management and speculation. Moreover, Hong Kong serves as a global hub for futures trading, offering contracts on commodities, currencies, and indices. These diverse market instruments enhance market liquidity and cater to the investment and trading needs of participants in the Hong Kong securities market.
How to Open an Account？
To open an account with Sinopacasia, you can follow these steps:
Visit the Sinopacasia website: Go to the Sinopacasia website at https://www.sinopacasia.com/equity/download-mobile.
Download the mobile application: On the website, you will find a section for downloading the mobile application. Click on the provided link to download the application onto your mobile device. Ensure that you download the correct version for your device's operating system (iOS or Android).
Install the mobile application: Once the download is complete, install the Sinopacasia mobile application on your device.
2. Launch the application: Open the installed Sinopacasia mobile application on your device.
3. Select “Open Account”: Within the application, you should find an option labeled “Open Account” or something similar. Click on this option to begin the account opening process.
4. Follow the instructions: The mobile application will guide you through the necessary steps to open an account. Provide the required information and follow the prompts to complete the application process.
5. Submit your application: Once you have filled out all the required information, review it for accuracy, and submit your account opening application through the mobile application.
6. Wait for confirmation: After submitting your application, you will receive a confirmation message or email from Sinopacasia. This confirmation will indicate that your application has been received and is being processed.
7. Account approval and activation: Sinopacasia will review your application and perform the necessary checks. Once your account is approved, you will receive further instructions on how to activate and access your account.
It's important to note that the specific steps and details may vary, so it is advisable to refer to the official Sinopacasia website or contact their customer support for the most up-to-date and accurate information regarding opening an account through their mobile application.
Spreads &Commissions
Hong Kong securities trading services offer a range of services and fees for investors. This includes brokerage commissions, transaction levies regulated by authorities like the Hong Kong Securities and Futures Commission and the Inland Revenue Department, transaction fees by the Hong Kong Stock Exchange, stamp duty, and stock settlement fees. The commissions for securities transactions are typically a percentage of the transaction amount, ranging from 0.0027% to 0.13%. Additional charges may apply for services like physical stock handling, forced repurchase, and expedited processing. Account-related services may involve fees for audits, storage, stock transfers, and dividend collection. Agent services and corporate actions may also incur specific charges. It's essential to consult the relevant institutions for the most accurate and up-to-date information on spreads and commissions.
Trading Platform
Wing Fung Gold Trading Treasure, SPTrader Pro HD, and Yizhouhuo Mobile Trading Software are mobile trading platforms that offer iOS and Android versions, providing users with convenient access to gold trading, various markets, and on-the-go trading capabilities, respectively.
Wing Fung Gold Trading Treasure is a mobile trading platform that focuses on gold trading. It offers an iOS version called “Wing Fung Gold Transaction Treasure” and an Android version named “Yongfeng Gold Trading Treasure.” Users can download these versions, as well as the Android system *.apk file for installation. To assist users in navigating the platform effectively, Wing Fung provides an operation manual that provides detailed instructions on using the Wing Fung Gold Trading Treasure.
SPTrader Pro HD is a comprehensive trading platform that supports various markets, including Hong Kong stock options, global futures, and options. It offers an iOS version labeled “SPTrader Pro HD,” an Android edition, and an Android system *.apk file for download. The platform provides users with valuable tools and features to trade in these markets. For assistance with accessing the platform, SPTrader Pro HD provides system login instructions to guide users through the login process.
Yizhouhuo Mobile Trading Software is a mobile trading platform designed for on-the-go trading convenience. It offers an iOS version called “Yizhouhuo Mobile Phone Trading Software” and an Android system *.apk file for download. Although specific details about the platform are not provided, users can expect a user-friendly interface and essential trading functionalities. The platform aims to cater to the needs of mobile traders seeking flexibility and ease of use in their trading activities.
The web trading platforms provide a browser-based interface that allows users to access their trading accounts and execute trades directly through a web browser on their desktop or laptop computers.
Deposit & Withdrawal
To withdraw money from your SinoPac Securities account, you have two options. First, you can initiate an online withdrawal through the EZ Trade ASIA platform. Select “Cash Withdraw(出金申請)” under the “Billing Info” field, and follow the provided instructions to adjust your account balance.
Please note that cash withdrawals can be processed between 9:00 and 14:00 on working days, excluding holidays. For cancellation or inquiries about the status of your deposit/withdrawal, you can contact customer service. Third-party withdrawals are not permitted. Alternatively, you can apply for a cash withdrawal by providing written instructions. You can call your Relationship Manager or the Customer Service team to arrange the withdrawal, or send your instructions via fax. Same-day withdrawals are possible if your instructions are received before 2 p.m. on working days.
You can obtain an application form for cash withdrawal by referring to the “Fund Withdrawal Request” section on the Sinopacasia website. The fax numbers for submitting instructions are (825) 2586-8300 and 0080-1855985 (Hong Kong time and working days).
For Hong Kong customers, the withdrawal process is similar, either through online withdrawal or written instructions. The contact number for cancellation or inquiries is (852) 2523-6685.
Regarding deposits, you can add funds to your SinoPac Securities account using various methods. These include checks, cash, internal fund transfers, local remittances, or wire transfers payable to 永豐金證券(亞洲)有限公司 or SinoPac Securities (Asia) Ltd. After making the deposit, you need to notify Sinopacasia of the deposit by using the “Cash Deposit” option under “Settlement” on the online platform. Alternatively, you can fax the deposit receipt or remittance form to the provided fax number. Detailed instructions can be found in the “Cash deposit / withdrawal instructions” section.
Customer Support
Sinopac Securities provides comprehensive customer support services to assist users with their inquiries, complaints, and general assistance. The office hours for customer support are from Monday to Friday, 9:00 am to 6:00 pm (Hong Kong Time), excluding Sundays and public holidays.
For general inquiries and assistance, customers can contact the hotline at (852) 2523-6685 or send a fax to (852) 2586-8412. They can also reach out via email to cs.asia@sinopac.com. The customer support team is available to provide guidance and address any concerns related to the company's services.
In the case of complaints, Sinopac Securities has a dedicated Complaint Officer who can be reached during the same office hours at (852) 2586-8271. Complaints can also be submitted via fax at (852) 2586-8414 or through email at complaint.asia@sinopac.com. The Complaint Officer is responsible for handling and resolving customer complaints in a timely and professional manner.
Educational Resources
Sinopac Securities offers a range of educational resources to empower users with valuable market insights and knowledge. These resources include comprehensive market research reports, carefully curated product recommendations, and in-depth special reports.
The market research reports provide in-depth analysis of market trends, economic indicators, and investment opportunities, helping users stay informed about the latest developments in the financial markets. The carefully selected product recommendations highlight investment opportunities that align with users' investment goals and risk profiles, aiding them in making informed investment decisions.
In addition, Sinopac Securities provides users with special reports that delve into specific topics, offering detailed analysis and expert insights on various aspects of the financial markets. Users can also access bond commentaries, market information, and tools such as the futures margin table for risk management and decision-making.
Furthermore, the platform offers features such as tracking newly issued stocks and providing up-to-date stock prices from the Hong Kong Stock Exchange. The bond central clearing system quotation feature enables users to access real-time bond market quotes and monitor bond market movements. These educational resources aim to equip users with the necessary knowledge and information to navigate the financial markets effectively and make well-informed investment decisions.
Conclusion
In conclusion, Sinopac Securities (Asia) Limited is a licensed securities and futures trading company based in Hong Kong, operating as a subsidiary of Sinopac Financial Holdings.
The company offers a diverse range of financial products and services, supported by a strong professional team and a commitment to regulatory compliance. With its focus on innovation and balance, Sinopac Securities aims to be a leading player in the industry, expanding its investment banking and wealth management businesses in the Greater China region. The company's recognition and accolades as a leading securities company in Taiwan further affirm its credibility and reputation.
However, it's important to note that Sinopac Securities primarily operates in Taiwan and Hong Kong, which may limit access for international investors. Potential investors should also consider the level of detail provided about the products and services offered and conduct thorough research before making investment decisions.
FAQs
Is Sinopac Securities a legitimate company？
Yes, Sinopac Securities (Asia) Limited is a licensed securities and futures trading company regulated by reputable regulatory agencies in Taiwan and Hong Kong.
2. What financial products does Sinopac Securities offer？
Sinopac Securities offers a diverse range of financial products, including stocks, bonds, futures, options, and other investment instruments.
3. How can I open an account with Sinopac Securities？
To open an account with Sinopac Securities, you can download their mobile application from their official website and follow the provided instructions.
4. What are the fees and commissions for trading with Sinopac Securities？
The fees and commissions for trading with Sinopac Securities may vary. It is advisable to consult the relevant institutions or Sinopac Securities directly for accurate and up-to-date information.
5. What customer support services does Sinopac Securities provide？
Sinopac Securities provides customer support services via hotline, fax, and email. They have dedicated customer support teams to assist with inquiries, complaints, and general assistance during office hours.
