Global Mastermind

Global Mastermind Securities Limited (GMSL) is a Hong Kong-based securities brokerage that began operations in 2020. It is a wholly-owned subsidiary of Global Mastermind Holdings Limited, a company listed on the Stock Exchange of Hong Kong since 2000. The broker is regulated by the Securities and Futures Commission (SFC) in Hong Kong, holding a license for Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities, with CE No. BIO067. Additionally, GMSL is an exchange participant of the Stock Exchange of Hong Kong (Participant ID 2087).

The firm's registered address is Unit 1203, 12/F, West Tower, Shun Tak Centre, 168-200 Connaught Road Central, Hong Kong. As a licensed entity, it is subject to the oversight of the SFC and must comply with Hong Kong's securities regulations.

Global Mastermind Securities primarily offers securities trading services in the Hong Kong stock market. Clients can trade equities listed on the Stock Exchange of Hong Kong. The broker also provides securities margin financing, allowing clients to leverage their investments. Additionally, GMSL offers advisory services on securities, as permitted by its Type 4 license. The firm does not appear to offer forex, CFDs, or other leveraged derivative products commonly associated with retail forex brokers.

According to its website, the broker's services are geared towards individual and institutional investors looking to access the Hong Kong equity market. Margin accounts are available for those seeking leverage on their stock trades.

GMSL provides three account types: individual, joint, and corporate accounts. Clients can choose between cash accounts and margin accounts. All accounts are denominated in Hong Kong dollars. The account opening process can be completed by post for individual and joint accounts, requiring submission of an account opening form along with copies of identification documents. For non-permanent residents of Hong Kong, additional documents such as a valid travel visa and passport are needed.

The broker emphasizes that signatures on documents must match those on the client's cheque. The account opening form is available for download on its website.

The broker's fee structure for Hong Kong securities trading includes a general commission fee of 0.20% of the transaction amount, with a minimum of 80 HKD per transaction. Additional mandatory charges include government stamp duty (0.1%), SFC transaction levy (0.0027%), HKEX trading fee (0.00565%), CCASS stock settlement fee (0.01% per side), and a Financial Reporting Council transaction levy (0.00015%). These fees are standard for Hong Kong stock trading and are collected on behalf of regulatory bodies and exchanges.

There may be additional fees for grey market orders or other special services. Clients are advised to review the full fee schedule on the broker's website.

Clients can deposit funds into their trading accounts via ATM, bank counter transfer, or cross-bank transfer (CHATS) to the broker's account at Bank of China (Hong Kong) Limited. Cheque deposits are also accepted. After depositing, clients must send a completed deposit advice form along with proof of deposit to the broker by fax or email. Withdrawals are processed similarly, requiring a withdrawal request form.

The broker warns that banks may charge fees for cross-bank transfers. Clients are responsible for any such charges. The broker's customer service can be contacted for assistance with deposits and withdrawals.

GMSL offers an online trading platform accessible via its website, as well as mobile trading applications for iOS and Android devices. The platform supports various order types including Enhance Limit, Special Limit, and Auction Market orders. Clients can also place orders through their account manager or by calling the customer service hotline during trading hours.

Trading hours are from 09:00 to 16:00 for normal trading, with a grey market session from 16:15 to 18:00. The broker provides customer support via phone and email. The website offers a risk disclosure statement and other documentation for clients.