As a securities company comprising of Hong Kong people, Fruit Tree Securities Co. Ltd aims at using more than 20 years of business experience, interpersonal relationship, use of online platforms, co-competitive alliance and outsourcing to establish modern strategic alliances. Keeping pace with the times, we engage in diversified products based on international standards, keeping legality and risk management in mind during development. We also implement fully the mission of protecting small investors and preventing money laundering.
protecting small investors and preventing money laundering.
What is Fruit Tree Securities？
With over 20 years of business experience, Fruit Tree Securities Co. Ltd., regulated by Hong Kong's SFC, upholds rigorous standards in financial security and compliance. Specializing in securities trading, the firm offers a dependable platform for investors seeking stability and regulatory assurance. However, it does not provide forex and cryptocurrency trading options, lacks live chat support for instant customer queries, and offers fewer educational resources compared to industry competitors.
Pros and Cons of Fruit Tree Securities？
Fruit Tree Securities, based in Hong Kong, operates under the regulation of the Securities and Futures Commission (SFC), ensuring adherence to stringent financial standards and investor protection guidelines.
While the firm provides a reliable and secure platform for securities trading, it does not facilitate forex or cryptocurrency trading, which may limit investment options for clients seeking exposure to these markets. Additionally, Fruit Tree Securities does not offer live chat support, potentially impacting immediate customer assistance. The firm also provides limited educational resources, which could be a drawback for investors seeking comprehensive market insights and guidance. Moreover, its product range is comparatively narrow, focusing primarily on securities trading without extensive offerings in other asset classes.
Is Fruit Tree Securities safe？
Regulations
Fruit Tree Securities is licensed by the Securities and Futures Commission (SFC) under license number BGX710 in Hong Kong.
What are securities to trade with Fruit Tree Securities？
Fruit Tree Securities provides a range of services to meet diverse financial needs. They specialize in securities trading, encompassing both local and overseas fixed income products, as well as stocks. Their expertise extends to bond investment promotion, aiming to educate and guide clients through the bond investment landscape. They also offer comprehensive market analysis to help clients navigate market complexities and make informed decisions. Additionally, the firm provides financial advisory services tailored specifically for listed companies, supporting them with strategic insights and capital market expertise. Fruit Tree Securities is also adept in corporate restructuring and mergers & acquisitions in China, assisting businesses in optimizing their corporate structures and navigating complex transaction landscapes.
However, the firm does not currently provide services such as forex trading, commodities trading, and cryptocurrency trading.
Fruit Tree Securities Accounts
Fruit Tree Securities offers a variety of account types tailored to meet different investor needs:
Individual/Joint Name Account: Available as both Cash and Margin Securities Trading Accounts, accommodating individual investors or joint account holders seeking to trade securities using either available cash or margin facilities.
Company Account: Offered as both Cash and Margin Securities Trading Accounts, designed for corporate entities seeking to trade securities either using their available funds or leveraging margin facilities for enhanced trading capabilities.
Fruit Tree Securities Fees Review
Fruit Tree Securities offers transparent and competitive fee structures for their securities trading services. For phone trading, they charge 0.20% of the transaction amount, with a minimum of HKD 50 or whichever is higher. Internet orders incur a fee of 0.10% of the transaction amount, also with a minimum of HKD 50. Additionally, a transaction fee of 0.00565% applies to all transactions. Regulatory fees include a 0.0027% SFC Transaction Levy and a 0.00015% FRC Transaction Levy based on the transaction amount. For CCASS stock settlements, there is a fee of 0.002% of the transaction amount, with a minimum of HKD 2 and a maximum of HKD 100. Stamp duty is charged at HKD 1.30 for every HKD 1,000 transaction amount, rounded up to the nearest dollar.
For deposit and withdrawal services, a physical scrip deposit costs HKD 5 for each transfer deed, while a physical scrip withdrawal costs HKD 5 per share transfer form, with a minimum of HKD 50, rounded up to the nearest board lot. CCASS Settlement Instructions for stock deposits (SI) are free, but stock withdrawals (SI) incur a fee of 0.002% on the stock market value of the previous trading day plus a HKD 50 handling charge per stock. CCASS Investor Settlement Instructions for stock deposits (ISI) are free, while stock withdrawals (ISI) carry a HKD 50 handling charge per stock.
For dividend collection, the fee is 0.4% on the dividend amount, with a minimum of HKD/CNY 30, plus a scrip fee of HKD/CNY 1.5 per board/odd lot. Subscribing to rights issues or warrants costs a minimum of HKD/CNY 30 plus a scrip fee of HKD/CNY 1.5 per board/odd lot. Nominee services and corporate actions have a handling fee of HKD/CNY 30 per stock per request, plus HKD 0.80 per board lot and charges collected by HK Clearing.
Other specific fees include HKD 100 per IPO application, HKD 30 per month for historical statements beyond the past six months up to the seventh year, and HKD 150 plus a late settlement charge for returned cheques. An audit confirmation letter costs HKD 300, while other specific confirmation letters cost HKD 1,500 each. Claiming a dividend costs 0.5% on the gross dividend amount with a minimum of HKD 100, plus a HKD 300 handling fee and an additional HKD 200 fee collected by HK Clearing. Chat payments are HKD 250 per service, and telegraphic transfers (T/T) are HKD 350 per service. The margin account lending rate is the Prime Rate plus 3%, and the cash account overdue interest is the Prime Rate plus 8%.
Customer Service
Fruit Tree Securities, located at Room 1906, 19/F, China Insurance Group Building, 141 Des Voeux Road Central, Central, Hong Kong, offers dedicated customer service to cater to the needs of their clients. They can be contacted via email at fruitree@fruitreesec.com or by phone at 2110 3390 for prompt assistance. Their fax number is 2110 3490 for convenient document transmission.
Conclusion
Fruit Tree Securities, based in Hong Kong and regulated by the SFC, stands out for its secure and compliant platform for securities trading, ensuring robust financial security and regulatory oversight. It appeals to conservative investors looking for stable returns through fixed income products and traditional securities. However, the firm's focus excludes forex and cryptocurrency trading, limiting options for investors interested in these volatile markets. Moreover, the absence of live chat support and limited educational resources may pose challenges for immediate customer assistance and comprehensive market insights.
FAQs
Is Fruit Tree Securities safe to trade with？
Fruit Tree Securities is licensed by the Securities and Futures Commission (SFC) under license number BGX710 in Hong Kong, ensuring regulatory oversight. However, specific information regarding fund safety and detailed safety measures is not readily available.
Is Fruit Tree Securities a good platform for beginners？
No, it lacks sufficient educational resources, which could present challenges for beginners seeking guidance and learning opportunities.
Is Fruit Tree Securities legitimate？
Yes, Fruit Tree Securities is legitimate as it is licensed by the Securities and Futures Commission (SFC) under license number BGX710 in Hong Kong.
Risk Warning
The information presented reflects WikiStock's expert assessment of the brokerage's website data and may evolve over time. It's important to note that online trading carries significant risks, including the potential for complete loss of invested capital. Therefore, understanding these risks thoroughly before participation is essential.
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