Head & Shoulders Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-06 17:39

Abstract：Head & Shoulders is a highly reputable financial services group based in Hong Kong, with a broad range of integrated services catering to corporates and high net worth individuals. With over 21 years of operating history, Head & Shoulders has established itself as a comprehensive provider of financial solutions in Hong Kong.

Head & ShouldersReview Summary
Founded	2013
Registered Country/Region	Hong Kong
Regulation	SFC
Products & Services	Securities, Equity Capital, Fund Management, Wealth Management, Futures and Options
Demo Account	❌
Trading Platform	iTrader
Min Deposit	/
Customer Support	Tel.: +852 3103-8388; +852 3103-8386
	Fax: +852 3103-8399
	Email: info@headandshoulders.com.hk
	Address: 28-29/F Queen's Road Centre 152 Queen's Road Central Hong Kong

　　Head & Shoulders is a highly reputable financial services group based in Hong Kong, with a broad range of integrated services catering to corporates and high net worth individuals. With over 21 years of operating history, Head & Shoulders has established itself as a comprehensive provider of financial solutions in Hong Kong.

Pros and Cons

Pros	Cons
Regulated by SFC	No demo accounts
Various trading products and services
Multiple channels for customer support
Operated for a long time
Complex fee structures

Is Head & Shoulders Legit?

　　Head & Shoulders is regulated by the Securities and Futures Commission (SFC), which is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets.

Regulated Authority	Regulated Country	License Type	License NO.
Securities and Futures Commission of Hong Kong (SFC)	China (Hong Kong)	Dealing in futures contracts	AFS455

Products and Services

　　Head & Shoulders offers various products and services, such as securities trading, equity capital, fund management, wealth management, futures and options trading.

Tradable Instruments	Supported
Securities	✔
Equity capital	✔
Fund management	✔
Wealth management	✔
Futures	✔
Options	✔
Forex	❌
Commodities	❌
Indices	❌
Cryptos	❌

Commissions & Fees

　　The trading fee (HKEX) is 0.005% of the transaction amount. The clearing fee (HKSCC) is 0.002% of the transaction amount (Minimum HK$5).

Commission-Orders placed
(i) through Internet	Favorable rates (Min HK$50)
(ii) by Phone	Favorable rates (Min HK$50)
Investor Settlement Instruction (ISI)	❌
Stamp Duty	HK$1.3 for everyHK$1,000 of the transaction amount
Trading Fee (HKEX)	0.00565% of the transaction amount
Clearing Fee (HKSCC)	0.002% of the transaction amount (Min HK$5)
Physical Stock Deposit	HK$5 per lot for transfer deed stamp duty (T/D)
Physical Stock Withdrawal	HK$6 per lot
Cash Dividend	0.5% of dividend amount (Min HK$10)Scrip fee HK$2.5 per lot (First time)
New Issues	HK$50 Handling Fee

Trading Platform

　　Head & Shoulders provides clients with access to the world's financial markets through the iTrader platform. iTrader is a robust and user-friendly online trading platform offered by Head & Shoulders.

Deposit and Withdrawal

　　Clients can deposit into the following banks directly: Chong Hing Bank, HSBC and Bank of China. As for withdrawal, clients can inform Head & Shoulders by phone or registered Email and clearly write down the withdrawal amount, client name and account No.