Everbright Securities Limited is a wealth management organization and a subsidiary and overseas business platform of Everbright Securities Limited (SSE: 601788, HKEX: 6178). Everbright Securities holds a DS license from the Chinese Gold and Silver Exchange (CGSE) which is suspected to be a fake clone.
Pros & Cons
Is Everbright Securities Legit?
No, Everbright Securities' license is suspected to be a fake clone, which indicates this is an untrustworthy platform.
Products and Services
Financial products and services offered by Everbright Securities to traders include securities margin trading services, Hong Kong stocks, IPO subscriptions, Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, U.S. stocks, B shares, foreign stocks, life insurance and investment-linked life insurance plans, MPF, mutual funds, general insurance, bonds, futures contracts, stock options, warrants, and structured products, precious metals, foreign exchange trade, and international remittances.
Account Type
The types of accounts that investors can open to investing in Hong Kong stocks and warrants are Individual/Joint Cash Account, Individual/Joint Margin Account, Corporate Cash Account, Corporate Margin Account.
U.S. Stock trading accounts mainly include individual cash accounts, joint cash accounts, corporate accounts, and brokerage accounts.
Everbright Securities Fees
Everbright Securities has set transparent fees for different financial products. You can check detailed fees and charges in the link provided by Everbright Securities: https://download.ebshk.com/fees/pricing-table-is-en.pdf
For example, there is a table of general transaction charges.
Deposit and Withdrawal
Investors can deposit money into trading accounts opened by Everbright Sun Hung Kai Services Limited (Everbright Sun Hung Kai) through various means, such as telephone banking methods, online banking methods, ATM machines, branch deposits, wire transfer/electronic transfer systems, electronic transfer services (via PPS).
Regarding account withdrawal, Sun Hung Kai will only transfer funds to the customer's designated bank account, which usually takes 2 working days. If the transfer is to a Standard Chartered Bank account, then the funds can be collected on the same day.
