Overview of KTG
KTG is a Hong Kong-based financial services provider established in 1989, offering specialized trading services in stocks and futures markets. The company is regulated by the Securities and Futures Commission of Hong Kong, ensuring a secure and compliant trading environment. KTG's trading platforms, the Corporate React Template for stocks and a separate platform for futures, provide clients with user-friendly and efficient trading experiences. With a clear fee structure, multiple deposit and withdrawal methods, and dedicated customer support, KTG aims to cater to the diverse needs of its clients, focusing on transparency and convenience.
Is KTG Legit？
KTG is regulated by the Securities and Futures Commission of Hong Kong. It holds a license for dealing in futures contracts under license number AAX632.
Pros and Cons
KTG stands out as a reputable financial services provider in Hong Kong, primarily known for its regulated trading environment overseen by the Securities and Futures Commission of Hong Kong. The company's transparent fee structure is a significant advantage, providing clarity and predictability for traders. Additionally, KTG offers multiple deposit and withdrawal methods, catering to the convenience of its clients. Dedicated customer support further enhances the trading experience, ensuring that clients have access to assistance whenever needed. However, KTG's offerings are not without drawbacks. The limited information on educational resources may be a concern for novice traders seeking to learn and grow. Furthermore, KTG's presence is primarily localized to Hong Kong, which may limit its appeal to traders seeking a more global reach compared to larger financial institutions.
Products and Services
KTG offers stock trading and futures trading services through its Corporate React Template platform. Stock trading services are available at https://www.manytrade.com, while futures trading services can be accessed at https://futures.manytrade.com.
How to Open an Account
To open an account with KTG, you can make an appointment by calling the company and then bring the following documents to their office:
1. For Individual/Joint Accounts:
- Original or certified copy of the identity card or passport of all account holders
- Proof of address issued within the last three months (original or copy)
- Proof of income or assets within the last three months (original or copy) - applicable for opening margin accounts
2. For Corporate Accounts (Hong Kong Companies):
- Original or certified copies of the following documents:
- Certificate of Incorporation
- Business Registration Certificate
- Articles of Association and Memorandum of Association
- Audited accounts for the past two years and unaudited accounts for the most recent year
- Board resolution authorizing the account opening
- Identification documents of all directors and beneficial owners
- Shareholding structure diagram (showing all individuals or companies holding 25% or more of the shares)
- Recent documents registered with the Companies Registry
For Non-Hong Kong Companies, similar documents are required, along with a certificate of incorporation and a recommendation letter from a practicing accountant or lawyer in Hong Kong.
Fees
The fees of KTG (Korea Exchange Trading Group) include:
1. Stock Rate: Brokerage commission is 0.25% and the minimum levy is 0.000275%.
2. Transaction Tax: 0.0015%.
3. SETT: 0.0005% duty.
4. Investor Compensation Levy: 0.00015%.
5. Stamp Duty: None specified.
6. Clearing Fee: 0.0175%.
7. Transfer Fee: 0.005% + HKD 5.
8. Stock Withdrawal (CCASS): HKD 5 per stock.
9. Physical Stock Deposit Fee: Stated as none.
10. Stamp Duty (HKSCC scrip): Collected on behalf of HK SAR Gov.
11. Investor Services: Fees for stock withdrawals, account service, register, etc. vary.
12. Account Service: Includes stock balance certificate, register for e-statement, etc., fees ranging from HKD 200 to HKD 50.
13. Nominee Services and Corporate Actions: Including dividend collection and rights issue, ranging from 0.2% to HKD 30 per transaction.
14. Money Market Operations: Handling fees, interest on cash advance, cash overdraft interest, etc., with specific conditions.
15. Financing Charges and Others: Margin financing interest is P+3%.
16. CCASS Services: Cash withdrawal incurs interest.
For transactions involving Shenzhen-Hong Kong Stock Connect and ETFs, the fees include brokerage commission, handling fee, investor compensation levy, and transfer fee, among others, calculated slightly differently and with minimum amounts set.
Deposit & Withdrawal
Deposits:
Clients can deposit funds into their accounts at KTG through bank transfers, remittances, Faster Payment System (FPS), or cheque deposits. However, cash deposits are not accepted. For FPS, the FPS ID is 160590139, and the recipient name is “Karl-Thomson Securities Company Limited.” Bank transfer and cheque deposit details vary for different types of accounts: Cash Account, Margin Account, and Futures Account. After making a deposit, clients should promptly notify KTG's accounting department via WhatsApp or email with the deposit receipt/remittance advice/ATM or online banking transaction slip.
Withdrawals:
Withdrawal requests made before 11:00 a.m. on a trading day will be processed on the same day, while requests made after this time will be processed on the next working day. Clients can send withdrawal instructions via phone, WhatsApp, or email to KTG's accounting department. When submitting withdrawal instructions via WhatsApp or email, clients must include their name, account number with KTG, currency, withdrawal amount, and signature. After verifying the signature, KTG will transfer the funds to the client's designated bank account.
Customer Support
KTG's customer support includes:
- Head Office:
- Phone: (852) 2877 9266
- Address: Rooms 607-610, 6th Floor, 181 Johnston Road, Wan Chai, Hong Kong
- Office Hours: Monday to Friday, 9:00 AM to 5:00 PM; Closed on Saturdays, Sundays, and public holidays
- Kwun Tong Branch:
- Phone: (852) 2793 2368
- Address: M Floor, Swiss House, 35–43 Cleverly Street, Kwun Tong, Kowloon, Hong Kong
- Office Hours: Monday to Friday, 9:00 AM to 5:00 PM; Closed on Saturdays, Sundays, and public holidays
- WeChat Contact: KTG provides customer support through WeChat for convenient communication.
Conclusion
KTG stands as a financial services provider in Hong Kong, catering to traders with its regulated and transparent trading environment. The company's strengths lie in its clear fee structure, multiple banking options, and dedicated customer support, making it a reliable choice for stock and futures trading. However, the limited availability of educational resources and its focus on the local market may deter some potential clients. Overall, KTG offers a solid trading platform for those looking to engage in the Hong Kong financial markets.
FAQs
Q: What regulatory body oversees KTG's operations？
A: KTG is regulated by the Securities and Futures Commission of Hong Kong.
Q: What are the fees associated with trading at KTG？
A: KTG charges brokerage commissions, transaction taxes, clearing fees, transfer fees, and other related charges for stock and futures trading.
Q: What options are available for depositing and withdrawing funds at KTG？
A: Clients can deposit and withdraw funds through various methods, including bank transfers, remittances, the Faster Payment System (FPS), and cheque deposits.
Q: Does KTG offer support for its clients？
A: Yes, KTG offers dedicated customer support through its head office, branch office, and WeChat contact.
Q: Are there any educational resources provided by KTG for traders？
A: The information on educational resources provided by KTG is limited, which may be a consideration for traders seeking learning opportunities.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
