KFS

KFS
WikiStocks Rating	⭐⭐⭐
Fees	Commissions:NegotiatedTransaction Fees:0.005% of transaction amount
Interests on uninvested cash	1.51%
Mutual Funds Offered	Yes
Platform/APP	BSS Online Trading Platfom
Promotion	N/A

KFS Information

　　KFS is a financial service provider rated three stars by WikiStocks, offering competitive commissions negotiated per client and a low transaction fee of just 0.005% per transaction amount.

　　They provide access to mutual funds and feature the BSS Online Trading Platform, satisfying users seeking a streamlined trading experience.

　　However, a potential drawback is the lack of promotions, which limits appeal to new clients looking for initial incentives.

Pros & Cons

　　Pros:

　　KFS is regulated by the SFC, ensuring compliance with industry standards and offering a layer of security for investors. The firm provides a range of account types, accommodating both individual and corporate clients, which enhances its accessibility and flexibility. Additionally, KFS offers a demo account, allowing new and prospective clients to familiarize themselves with trading before committing real funds.

　　Cons:

　　One downside is that KFS uses negotiated commissions, which can potentially lead to higher costs for traders depending on the negotiation outcomes. They also charge a transaction fee of 0.0005%, adding to the trading costs. Moreover, KFS lacks a specific proprietary trading platform and does not provide a mobile trading app, which could limit accessibility and convenience for traders who prefer trading on the go.

Is KFS Safe？

　　Regulation

　　KFS is regulated by the Securities and Futures Commission (SFC) of Hong Kong under license number ADV911.

　　The SFC is a respected regulatory body, established to oversee and ensure the integrity of securities and futures markets in Hong Kong, making it operationally independent and funded mainly by transaction levies and licensing fees.

　　Funds Safety:

　　While the specific insurance coverage details for client's account funds are not mentioned, the regulatory oversight by the SFC generally mandates stringent measures for the protection of client funds. This often includes requirements for brokers to keep client funds in segregated accounts to protect them from being used for any other purpose than the intended trading activities of the client.

　　Safety Measures:

　　KFS employs various security measures to safeguard client information and funds. The platform operates in a JAVA environment and requires regular password updates every three months, enhancing security against unauthorized access. The use of Hypertext Transfer Protocol Secure (HTTPS) ensures encrypted communications between clients and servers, thereby securing online transactions.

　　Furthermore, the firm advises on the secure management of e-Certificates and passwords to prevent mishandling and unauthorized use, which are crucial for maintaining the integrity of client accounts and transactions.

What are securities to trade with KFS？

　　Kam Fai Securities Company Limited (KFS) allows its clients to engage in securities trading, specifically focusing on local stocks and stock certificates in Hong Kong.

　　Local Stocks and Stock Certificates: Kam Fai Securities Company Limited (KFS) offers trading services for local stocks and stock certificates. This includes the buying and selling of shares listed on the Hong Kong Stock Exchange, facilitated through both telephone and online trading platforms. Clients can negotiate individual brokerage rates, making it a flexible option for both novice and experienced traders.

　　Dividend and Bonus Shares Handling: KFS provides nominee services for the collection of dividends and the handling of bonus shares. This service ensures that dividends and shares are processed efficiently and credited to client accounts. It includes handling charges for dividend collection and a nominal fee for the transfer of bonus shares, streamlining the management of investment returns.

　　Corporate Actions: KFS supports its clients through various corporate actions such as share exchanges, rights issues, privatizations, and acceptance of acquisitions. They charge a minimal fee per board lot, enabling investors to participate in significant corporate events and decisions that will affect their holdings. This service is essential for investors looking to engage more deeply with their investments and broader market dynamics.

　　Banking Services: In addition to securities trading, KFS offers various banking services related to securities transactions, including wire transfers. These services are tailored to support the financial transactions associated with trading activities, ensuring clients have a nice operational experience from trade execution to fund management.

KFS Account Review

　　Kam Fai Securities Co. Ltd. offers several types of accounts tailored to different client needs, including individual or joint accounts, company accounts, and accounts for companies registered outside Hong Kong such as in the British Virgin Islands.

• 　　Individual or Joint Accounts:

• 　　Suitable for personal or shared investing.

• 　　Requires a copy of the identity document and proof of residential address from the past three months.

• 　　Company Accounts (for Hong Kong registered companies):

• 　　Designed for corporate entities.

• 　　Necessary documents include the companys Memorandum and Articles of Association, Certificate of Incorporation, Business Registration Certificate, a board resolution for opening the account, copies of Hong Kong ID or passports of all directors and the authorized persons, audited accounts of the latest financial year, and a personal guarantee from directors/shareholders.

• 　　Accounts for Companies Outside Hong Kong (e.g., British Virgin Islands):

• 　　Similar requirements to the company accounts but tailored for foreign entities.

• 　　Additional requirements include proof of address within the last three months, a Certificate of Incumbency or a document confirming current directors and officers, and disclosure of beneficial ownership details.



KFS Fee Review

　　Kam Fai Securities provides negotiated brokerage commissions, government-regulated transaction fees, and charges for physical stock transactions and nominee services.

　　Securities Trading (Local Stocks/Stock Certificates)

• 　　Brokerage Commission: Individually negotiated for both telephone and online trading.

• 　　Stamp Duty: 0.10% of the transaction amount, with a minimum of $1.00 if the transaction amount is less than $1.00, collected by the Hong Kong government.

• 　　Transaction Levy: 0.0027% of the transaction amount, collected by the Securities and Futures Commission (SFC).

• 　　FRC Transaction Levy: 0.00015% of the transaction amount, collected by the Accounting and Financial Reporting Council.

• 　　Transaction Fees: 0.005% of the transaction amount, collected by the Hong Kong Stock Exchange.

• 　　Central Settlement Processing Fee: 0.005% of the transaction amount, collected by the Central Clearing House and Kam Fai Securities.

　　Physical Stock Settlement/Deposit/Withdrawal

• 　　Deposit Physical Shares: $5.00 per transfer form, charged by the Inland Revenue Department.

• 　　Withdraw Physical Shares: $6.00 per board lot, with odd lots considered as a full lot.

• 　　Settlement Instructions: CCASS Investor ISI transactions are free of charge, other Broker SI transactions are charged at 0.0025% of the previous day's closing value (minimum $20.00 per stock).

　　Nominee Services (Local Stocks/Warrants)

• 　　Dividend/Bonus Transfer Fees: $50 handling fee for the collection of dividends/bonus shares; $2.50 per lot for the first time, waived from the second time onwards unless there is a net increase in shares, in which case $1.50 per lot is charged if over 400 lots.

• 　　Chase Dividends or Bonus Shares: Individually negotiated, plus other relevant service charges such as stamp duty, performance fee, and transfer fee.

• 　　Listed Company Action Fees: $0.80 per board lot, covering activities like share exchange, rights issue, privatization, and acceptance of acquisition.

　　Banking Services

• 　　Wire Transfer: Individually negotiated and subject to bank charges.

Service Item	Fee (HKD)	Remarks
Brokerage Commission (Telephone Trading)	Individually negotiated	For telephone trading
Brokerage Commission (Online Trading)	Individually negotiated	For online trading
Stamp Duty	0.10% of transaction amount, min $1 if < $1	Collected by the Hong Kong government
Transaction Levy	0.0027% of transaction amount	Collected by the SFC
FRC Transaction Levy	0.00015% of transaction amount	Collected by the Accounting and Financial Reporting Council
Transaction Fees	0.005% of transaction amount	Collected by the Hong Kong Stock Exchange
Central Settlement Processing Fee	0.005% of transaction amount	Collected by the Central Clearing House
Deposit Physical Shares	$5.00 per transfer form	Collected by the Inland Revenue Department
Withdraw Physical Shares	$6.00 per board lot	Odd lots considered as a lot
Settlement Instructions: CCASS Investor ISI	Free	Free of charge
Settlement Instructions: Other Broker SI	0.0025% of previous day's closing value (min $20.00)	Per stock
Collection of Dividend/Bonus Transfer Fees	$50 handling fee + $2.50 per lot, waived from 2nd time...	If more than 400 lots, $1.50 per lot
Chase Dividends or Bonus Shares	Individually agreed + other charges	Includes stamp duty, performance fee, transfer fee, etc.
Listed Company Action Fees	$0.80 per board lot	Includes share exchange, rights issue, privatization, etc.
Wire Transfer	Individually agreed	Subject to bank charges



KFS Trading Platform Review

　　Kam Fai Securities Co. Ltd. provides a robust online trading platform known as the BSS Online Trading Platform. This platform is designed to facilitate trading for both individual and institutional clients. The key features of the platform include:

• 　　User-friendly Interface: The BSS Online Trading Platform is designed with a clear and intuitive interface, making it accessible for traders of all experience levels.

• 　　Thorough Trading Tools: Traders have access to a range of tools and resources, including real-time market data, charting capabilities, and analytical tools to help make informed trading decisions.

• 　　Security Measures: The platform employs stringent security protocols to ensure the safety of client data and transactions. This includes encrypted communications and multiple layers of security checks.

• 　　Accessibility: Clients can access the platform from multiple devices, ensuring they can trade and monitor their portfolios from anywhere at any time.



Customer Service

　　Kam Fai Securities provides customer support for its clients. You can contact them via phone at (852) 3106 0267, or send a fax to (852) 2381 3936.

　　For email inquiries, you can reach them at info1@kamfaisec.com.hk. Their office is located at 21/F, Champion Building, 287-291 Des Voeux Road Central, Hong Kong, and is open from 9:30 am to 5:00 pm, Monday through Friday.

　　They have also provided banking information for transactions, listing accounts with the Bank of China (Hong Kong) and Hang Seng Bank.

　　Additionally, the company issues a warning about fraudulent activities using their name, advising caution to avoid potential scams.



Conclusion

　　Kam Fai Securities Company Limited (KFS), established in 1996 and a member of HKEx, has garnered a strong reputation for its adherence to high standards of compliance and professional service in securities trading and margin financing.

　　KFS is renowned for its robust online trading platform and client-focused services, attracting both individual and institutional investors.

　　The company also participates in the Central Clearing and Settlement System, ensuring secure transactions and stock deposits for its clients.

FAQs

• 　　What types of accounts can I open with KFS？

• 　　KFS offers individual or joint accounts and company accounts. For company accounts, additional documents such as Memorandum and Articles of Association and a Board resolution are required.

• 　　How can I contact KFS for support？

• 　　You can contact KFS by phone at (852) 3106 0267, by fax at (852) 2381 3936, or by email at info1@kamfaisec.com.hk. Their office is located on the 21st floor of the Champion Building, 287-291 Des Voeux Road Central, Hong Kong.

• 　　What are the trading hours for KFS？

• 　　The trading hours for KFS are from 9:30 am to 5:00 pm, Monday to Friday.

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.