Telecom King Securities

Telecom King Securities Limited (電訊數碼證券有限公司) is a Hong Kong-based securities and futures brokerage. The company operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) with license number API286. According to official records, it was registered in Hong Kong in September 2017, though the company’s website claims a founding date of 2007. This discrepancy may reflect a rebranding or predecessor entity.

The broker primarily serves retail and institutional clients in Hong Kong, offering execution and settlement services for local equities and derivatives. It is part of the Telecom Digital group, which has a presence in telecommunications and financial services in the region. The firm’s registered address is in Kowloon Bay, with its operational office located in the Telecom Digital Tower in Kwun Tong.

Telecom King Securities holds a derivatives trading license (AGN) from the SFC, permitting it to deal in securities and futures contracts. The SFC is the primary financial regulator in Hong Kong, known for its robust supervisory framework. The broker’s SFC Central Number is API286, and its broker codes are 1568 and 1569. It is also a participant in the Central Clearing and Settlement System (CCASS) with participant number B01843.

Our cross-check of the SFC public register confirmed the license is active and in good standing. The SFC does not offer investor compensation schemes for securities trading, but the broker is subject to conduct rules and capital requirements. This regulatory status provides a baseline level of protection for clients, though it does not guarantee against trading losses.

The broker’s core offering is Hong Kong securities (stocks) trading, including cash and margin accounts. Margin accounts allow clients to leverage their holdings with a loan-to-value ratio ranging from 10% to 80% on approved stocks. Interest on margin loans is set at 6.38% p.a. The broker also provides futures trading on major Hong Kong indices: Hang Seng Index (HSI), Mini-HSI, H-shares Index, Mini H-shares, Hang Seng Tech Index, and Hang Seng BioTech Index. Options on these indices are available as well.

Additional services include IPO participation (the broker has acted as underwriter or placing agent for several listings), real-time market data subscriptions (via TelecomPRO or AASTOCKS), and physical stock deposit/withdrawal services. The broker does not offer forex, CFDs, or commodities trading, making it a pure-play stock and derivatives broker.

Telecom King Securities offers two main account types: cash accounts and margin (孖展) accounts. For securities trading, clients can place orders via phone or online. The online platform appears to be a web-based system, while the futures trading is supported by a dedicated mobile app called 'Futures PRO' (available on iOS and Android) and a desktop application called 'SP Trader' provided by Sharp Point System. The mobile app offers real-time quotes and order execution for futures.

The broker does not appear to offer a unified multi-asset platform; instead, it uses separate systems for stocks and futures. This may be less convenient for traders who want a single interface for all asset classes. Clients must also fund accounts via bank transfers or eDDA, and the broker provides specific bank account details for deposits in HKD and RMB.

The broker’s fee schedule is transparent and typical for Hong Kong brokerages. For securities, online commission is 0.05% of trade value (minimum HK$25), while phone orders cost 0.15% (minimum HK$50). Government charges include stamp duty (0.1%), SFC transaction levy (0.0027%), HKEX trading fee (0.00565%), and Accounting and Financial Reporting Council levy (0.00015%). A clearing fee of 0.005% (minimum HK$5) also applies.

Futures commissions vary by product: for example, intraday HSI futures cost HK$20 per side, while mini-HSI are HK$10 per side. Overnight rates are double. Exchange and regulatory fees are additional. Margin interest is 6.38% p.a., which is competitive in the Hong Kong market. There are also fees for physical stock deposits, withdrawals, and custodian services.

Telecom King Securities is positioned as a local Hong Kong broker catering to retail investors who primarily trade Hong Kong stocks and index derivatives. Its fee structure and margin offerings are tailored to active traders, though the minimum commissions may be less attractive for very small trades. The broker does not appear to target international clients, as its website is primarily in Chinese and its services are focused on the Hong Kong market.

Given its regulatory status and operational history, it may be a suitable choice for Hong Kong residents seeking a regulated, domestic brokerage for stock and futures trading. However, traders looking for forex, CFDs, or a global multi-asset platform would need to look elsewhere.