Tiger Faith Holdings

Tiger Faith Securities
WikiStocks Rating	⭐⭐⭐
Fees	0.1% of turnover
Interests on uninvested cash	N/A
Mutual Funds Offered	Yes
Platform/APP	Speed Station+(Android,IOS)
Promotion	N/A

What is Tiger Faith Securities？

　　Tiger Faith Securities is a financial services provider known for its competitive low fee structure, charging only 0.1% of turnover for transactions.

　　It offers a user-friendly trading platform, Speed Station+, available for both Android and iOS devices, which appeals to tech-savvy investors.

　　However, it does not provide interest in uninvested cash, which may be a drawback for those looking to earn from their idle balances.

Pros & Cons

　　Pros:

　　The company offers a broad range of tradable securities and low commissions at 0.1%, making it financially attractive. It's regulated by the SFC, ensuring reliability, and features unique trading platforms like Speed Station and a dedicated app, enhancing user experience. Professional market analysis is also provided, aiding informed trading decisions.

　　Cons:

　　The account setup process is complex, requiring multiple forms, which may deter new users. Deposits are limited to bank transfers, restricting flexibility in funding options. Additionally, the website is not user-friendly for newcomers, potentially complicating their initial trading experience.

Is Tiger Faith Securities Safe？

　　Regulations:

　　Tiger Faith Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong, under license numbers BLB524 and BLB522. The SFC is an independent regulatory body responsible for overseeing the securities and futures markets in Hong Kong, ensuring that financial activities are conducted with integrity and in compliance with stringent standards.

　　Funds Safety:

　　While the specific details about whether client funds are insured and the coverage amount are not provided, regulation by the SFC typically mandates strict guidelines regarding the handling and protection of client assets to ensure their safety in case of financial instability or firm insolvency.

　　Safety Measures:

　　Tiger Faith Securities employs encryption technologies to secure the storage of funds and safeguard sensitive client information. The firm implements robust security measures to prevent unauthorized access and data breaches, although specific details about these technologies and additional safety protocols were not detailed in the available information.

What are securities to trade with Tiger Faith Securities？

　　Tiger Faith Securities offers a large range of tradable securities.

　　Listed Securities:

　　Clients can access a variety of stocks, ensuring they have ample options to diversify their investment portfolios. This service is facilitated through reliable internet trading platforms and mobile trading apps.

　　Warrants and Derivatives:

　　In addition to listed securities, Tiger Faith Securities provides trading opportunities for warrants and derivatives. These financial instruments allow clients to engage in more sophisticated trading strategies, offering the potential for higher returns and the ability to hedge existing investments.

　　Investment Banking Services:

　　Tiger Faith Securities also engages in investment banking activities, including share placements, underwriting, and subscriptions for initial public offerings (IPOs) and bonds. This service supports companies in raising capital and investors in accessing new market opportunities.

　　Margin Financing:

　　To enhance trading flexibility and potential returns, Tiger Faith Securities offers margin financing at competitive interest rates. Clients can use listed stocks and convertible bonds as collateral, facilitating greater leverage in their investment strategies and IPO participation.

　　Asset and Fund Management:

　　Tiger Faith Asset Management provides tailored portfolio management and fund management services on a discretionary basis. By aligning investment strategies with individual client needs and objectives, they aim to optimize wealth and generate consistent returns while managing risk effectively.

　　Custodian and Nominee Services:

　　Tiger Faith Securities offers securities custodian and nominee services, including the collection of cash and scrip dividends, receipt of bonus issues, and facilitation of rights subscriptions and IPOs. These services ensure that clients' securities and related benefits are managed efficiently and securely.

Tiger Faith Securities Account Review

　　Tiger Faith Securities Limited offers two main types of accounts for their clients

• 　　Personal / Joint Account: This type of account is designed for individual investors or jointly between individuals. Account holders are required to complete an account opening form, provide identification such as a Hong Kong Identity Card or Passport, and supply proof of residential and correspondence addresses from the last three months.

• 　　Company Account: Intended for corporate entities, this account requires more extensive documentation including Business Registration Certificate, Company Registration Certificate, Company Organization and Charter, and various proofs of identity and address for directors and authorized persons. This account also necessitates the completion of specific forms such as the “Entity Self-Certification Form” and “Self-Certification Form – Controlling Person” to meet regulatory and compliance needs.



Tiger Faith Securities Fee Review

　　Tiger Faith provides a thorough fee structure for its users.

　　Trading Charges Scheme:

　　Tiger Faith Securities imposes various trading charges including a Stamp Duty of 0.1% of turnover, Client CCASS Fee and HKSCC Fee of 0.01% with a minimum of HK$10, a Transaction Levy of 0.0027%, and a Trading Fee of 0.00565%, all of which are collected on behalf of respective authorities. The commission charge is 0.25% of turnover, with a minimum of HK$85.

　　Commissions:

　　The commission for trading is set at 0.25% of the turnover, with a minimum charge of HK$85. Additional interest rates for overdue balances in cash and custodian accounts, as well as margin account lending, are calculated at the Prime Rate plus 4%.

　　Nominee Service Charges Scheme:

　　Nominee services at Tiger Faith Securities include a range of fees such as a Scrip Fee of HK$2 per board lot with a minimum of HK$20, a Transfer Deed Fee of HK$5 per deed, and Dividend Collection charged at 0.35% of the dividend amount. Additionally, the firm collects a Handling Charge for rights issues and takeover bids of HK$1 per board lot, with a minimum charge of HK$100, and a Stock Withdrawal Fee of HK$5 per board lot for physical withdrawals, with a minimum charge of HK$20.



Service Category	Service Description	Charges	Min/Max Amount and Remarks
Trading Charges Scheme	Stamp Duty	0.1% of turnover	Min. HK$1, collected on behalf of HK Govt.
Trading Charges Scheme	Client CCASS Fee and HKSCC Fee	0.01% of turnover	Min. HK$10, collected on behalf of CCASS
Trading Charges Scheme	Transaction Levy	0.0027% of turnover	Collected on behalf of SFC
Trading Charges Scheme	Trading Fee	0.00565% of turnover	Collected on behalf of HKEx
Commissions	General Commission	0.25% of turnover	Min. HK$85
Commissions	Cash/Custodian Account Overdue Interest	Prime Rate + 4%	-
Commissions	Margin Account Lending Rate	Prime Rate + 4%	-
Nominee Service Charges	Scrip Fee	HK$2 per board lot	Min. HK$20
Nominee Service Charges	Transfer Deed	HK$5 per deed	Collected by HK Revenue Dept.
Nominee Service Charges	Dividend Collection	0.35% of dividend	Additional 0.12% charged by HK Clearing
Nominee Service Charges	Handling Charges for Rights Issues/Takeover Bids	HK$1 per board lot	Min. HK$100
Nominee Service Charges	Bank Charges (Optional)	HK$50	-
Nominee Service Charges	Stock Withdrawal – Physical	HK$5 per board lot	Min. HK$20, collected by HK Clearing
Nominee Service Charges	Claim for Dividend & Bonus Issue	1% of dividend amount	Min. HK$200, includes admin costs
Nominee Service Charges	Deposit via CCASS	0.005% of stock value	Min. HK$10, handling fee HK$100 per transaction
Nominee Service Charges	OTC Trade Handling	0.25% of turnover	Min. HK$100, contact broker for large deals
Nominee Service Charges	Stock Deposit	HK$2.5 per board lot	Min. charge for 1 board lot, includes all stock deposits
Nominee Service Charges	Retrieving Yearly Account Statement	HK$200 per transaction	HK$20 per duplicate copy
Nominee Service Charges	Covered Warrant Conversion	Various fees	Includes stamp duty, transfer fee, and other associated costs, min. HK$100
Nominee Service Charges	Charge for Returned Cheque	HK$60 per cheque	-
Nominee Service Charges	IPO Application	HK$40 for cash, HK$100 for margin	-
Nominee Service Charges	Stock Custody Fee	HK$0.03 per board lot	Min. HK$500, rates negotiable for large amounts

Tiger Faith Securities Trading Platform Review

　　Tiger Faith offers the Speed Station+ as its trading platform.

　　Mobile Trading Apps:

　　Tiger Faith Securities offers a mobile trading app called “Speed Station+” which is available for both Android and iPhone users. The app can be downloaded directly from their website by scanning a QR code.

　　Internet Trading Platform:

　　In addition to the mobile app, Tiger Faith Securities provides a reliable internet trading platform. This platform allows users to trade a wide range of listed securities, warrants, and derivative products efficiently.

　　Features:

　　The trading platforms are designed to provide professional analysis and market insights, helping clients make informed investment decisions. They also support various customer services including account opening, deposits and withdrawals, and access to forms and FAQs.



Research & Education

　　Tiger Faith Securities provides professional analysis and market insights to support their clients in making informed investment decisions.

　　They offer research reports and educational resources designed to enhance the knowledge and expertise of their clients.

　　These resources include market commentary, investment strategies, and detailed analysis of various securities and market conditions. The goal is to empower clients with the necessary information to optimize their investment portfolios and achieve their financial objectives.



Customer Service

　　Tiger Faith Securities offers customer support services. Clients can contact the company via telephone at (852) 3979 9000, fax at (852) 2117 3315, or email at info@tigerfaith.com.hk.

　　The company's office is located at Suite 1502, 15/F, The Chinese Bank Building, Nos. 61-65 Des Voeux Road Central, Hong Kong.

　　They provide assistance with account opening, deposits and withdrawals, and have a FAQ section and various forms available to address common queries. The support team ensures that clients receive timely and efficient help for all their trading and account-related needs.



Conclusion

　　Tiger Faith Securities, regulated by the SFC, offers a wide range of financial services including securities dealing, asset management, and margin financing.

　　With their proprietary Speed Station+ trading platform available on both Android and iOS, they provide a user-friendly interface for trading a variety of securities.

　　The firm is known for its professional market analysis and low commission rates, making it an attractive option for investors. However, it lacks 24/7 customer support and has some limitations in deposit methods.

FAQs

　　1. What trading platform does Tiger Faith Securities offer？

　　Tiger Faith Securities offers the Speed Station+ trading platform, available on both Android and iOS.

　　2. What are the commission charges for trading？

　　The commission charge is 0.25% of the turnover with a minimum charge of HK$85.00.

　　3. How can I contact customer support？

　　You can contact customer support via phone at (852) 3979 9000 or email at info@tigerfaith.com.hk.

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.