利銘證券

Bullish Securities
WikiStock Rating	⭐⭐
Account Minimum	N/A
Fees	0.003% of transaction amount for transaction levy(SFC)
Account Fees	HKD $1.50 per lot for transfer fees
Mutual Funds Offered	No
App/Platform	GoTrade2 Trading
Promotions	Not available yet

Bullish Securities Information

　　Bullish Securities is a participant of The Stock Exchange of Hong Kong Limited and has been operating in Hong Kong for many years (1985 to present). Its service scope includes securities trading, margin financing and securities custody services. In addition to placing orders over the phone, you can also buy and sell stocks via the Internet. To provide Internet services, they established a comprehensive stock investment website through an advanced brokerage system, where customers can buy and sell stocks and use their well-designed and information-rich web pages to assist in making investment decisions.

Pros and Cons of Bullish Securities

Pros

• 　　Licensed Brokerage: Bullish Securities is a licensed brokerage firm regulated by the Hong Kong Securities and Futures Commission (SFC). This offers a level of security and oversight for investors.

• 　　Established Brokerage: Founded in 1985, Bullish Securities has a long history in Hong Kong's financial sector.

• 　　Focus on Stock Trading: Their platform geared towards active trading of Hong Kong stocks.

• 　　Mobile App: They offer a mobile app named GoTrade2 Trading for convenient trading on the go.

Cons

• 　　Uncertain Account Minimum: It's unclear what the minimum deposit required to open an account is.

• 　　Limited Educational Resources: Their website doesn't show a dedicated section for research reports, market analysis tools, or investor education, making it less suitable for beginners.

• 　　Unclear Margin Interest Rates: The website doesn't disclose information on margin interest rates, making it difficult to compare with other brokerages.

• 　　Unknown Commissions: Their website only lists other expenses besides commission.

Is Bullish Securities safe？

　　Regulations

　　Bullish Securities operates under stringent regulations established by the Securities and Futures Commission (SFC) in Hong Kong, ensuring compliance with national financial laws and industry standards.

　　Funds Safety

　　Bullish Securities claims that they will keep customer-related information confidential.

What are securities to trade with Bullish Securities？

　　Bullish Securities focuses on trading Hong Kong Stocks. Their website and mobile app suggest a primary focus on stocks listed on the Hong Kong Stock Exchange (HKEX).

Bullish Securities Account Review

　　The photo following outlines the specific documents and steps required for opening individual/joint accounts and corporate accounts, providing clear guidance for investors.

　　Individual/Joint Accounts:

• 　　Investors are required to provide valid identification documents such as an ID card or passport.

• 　　Proof of residence for the past three months is also necessary, which can be a utility bill (such as water, electricity, or gas) or a bank statement.

• 　　If the account holder cannot be present in person, they can appoint a representative, but a legal power of attorney and the representative's identification documents must be provided.

　　Corporate Accounts:

• 　　The company needs to provide its certificate of incorporation to prove its legal registration and operation.

• 　　Certified copies of the company's articles of association and corporate seal are also required.

• 　　Similarly, if a company representative cannot be present, a power of attorney and the representative's identification documents must be submitted.

Bullish Securities Fees Review

　　Here's a summary of other charges other than commission:

• 　　Transaction Levy (HKEx): 0.005% of the transaction amount.

• 　　Transaction Levy (SFC): 0.003% of the transaction amount (changed from 0.0027% since November 1, 2014).

• 　　Account Balance Interest (HKD/RMB):

• 　　Cash Account: P + 6% pa, calculated daily as simple interest.

• 　　Margin Account: 10.95% pa, calculated daily as simple interest.

• 　　Investor Compensation Levy (Government): Not applicable.

• 　　Stamp Duty: HK1.3 per HK 1,000 (or equivalent) of transaction value. If the transaction value is less than HK1,000(or equivalent),it will be calculated as HK1,000.

• 　　Mandatory Share Purchase Processing Fees:

• 　　0.5% of the transaction amount.

• 　　Clearing company processing fee: 0.5% of the transaction amount.

• 　　Clearing company penalty: 0.5% of the overdue amount.

• 　　Clearing Fee: Free.

• 　　Italian Financial Transaction Tax Levy (Italian Government): 0.2%, applicable only to Italian companies listed in Hong Kong.



Bullish Securities App Review

　　Bullish Securities offers a mobile app named GoTrade2 Trading for convenient trading on the go, which can be downloaded in Google Play Store and App Store.



Research and Education

　　Bullish Securities offers internet-based services through an advanced brokerage system, enabling customers to buy and sell stocks via their user-friendly website. This platform aids in making informed investment decisions by providing essential tools such as real-time quotes, stock code lookups, financial news, and access to customer transaction data records. These features ensure that critical information is readily accessible from anywhere, facilitating a convenient investment experience.



Customer Service

　　Bullish Securities offers a variety of customer support options to ensure accessibility and assistance for all your needs.

　　You can contact them by telephone at (852) 2815 3183 or via fax at (852) 2545 8372. For email inquiries, you can reach out to cs@bsec.com.hk or admin@bsec.com.hk.

　　If you prefer to visit in person or need to send physical documents, their office is located at Room B, 7/F., Hillier Commercial Building, 89 Wing Lok Street, Sheung Wan, Hong Kong, conveniently near MTR Sheung Wan Station Exit A2.

　　



Conclusion

　　Established in 1985, Bullish Securities Limited is a Hong Kong brokerage specializing in trading Hong Kong stocks. While they offer a mobile app named GoTrade2 Trading for convenient trading, their website lacks transparency on account types, fees of commissions, and investment options outside of stocks. This might be suitable for experienced Hong Kong investors comfortable with independent research and prioritizing potentially lower fees, but if you're a beginner or seek a wider investment selection and clear fee structures, consider exploring other brokerages.

FAQs

　　Is Bullish Securities safe to trade？

　　Bullish Securities, established in Hong Kong, allows trading Hong Kong stocks. Since they're a Hong Kong-based brokerage, they are subject to regulations that aim to protect investors, such as client money segregation and participation in an Investor Protection Scheme (IPS) with coverage limits.

　　Is Bullish Securities a good platform for beginners？

　　Bullish Securities, with its lack of educational resources, unclear account details, and hidden fees, wouldn't be ideal for beginners navigating the complexities of the stock market. If you're starting out, explore brokerages with educational tools, transparent fees, and beginner-friendly features like paper trading or fractional shares.

　　Is Bullish Securities good for investing/retirement？

　　While Bullish Securities allows stock trading, its focus on active trading and limited investment options (mainly stocks) make it less suitable for retirement planning.

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.