About Yicko Securities
Who Is Yicko Securities?
Yicko Securities Limited (trading as Yicko) is a Hong Kong-based brokerage firm incorporated on 21 September 2017. Its official website is yicko.com, and its registered office is at 19/F., Tung Ning Building, 125-127 Connaught Road Central, Hong Kong. The firm describes itself as having been in operation for over 10-15 years, though its incorporation date suggests a more recent establishment.
The broker is regulated by the Securities & Futures Commission (SFC) of Hong Kong under a Derivatives Trading License (AGN). This regulatory authorisation covers dealing in securities and futures contracts, providing a layer of oversight for clients. The SFC is a well-respected regulator in Asia, and holding a Type 1 (dealing in securities) and Type 2 (dealing in futures contracts) licence adds credibility.
Product and Service Range
Yicko Securities primarily focuses on traditional stockbroking and futures trading. Its product suite includes Hong Kong equities, Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, global stocks, Hang Seng Index futures (both large and small contracts), stock options, and index options. The firm also offers corporate finance services such as IPO underwriting and distribution, professional investment immigration services, and asset-backed lending.
While the broker's company description mentions forex as part of its offering, the official website does not prominently feature forex trading accounts or platforms. This suggests that forex may be a minor or non-core product, available only upon request or through a different entity. For most retail clients, the core offering remains Hong Kong securities and derivatives.
Regulation and Security
Yicko Securities holds a licence from the Securities & Futures Commission of Hong Kong (SFC) with licence number AGN. The SFC is a statutory body responsible for regulating the securities and futures markets in Hong Kong. The licence confirms that the firm is authorised to deal in securities and futures contracts, and it must comply with SFC's conduct rules, financial resources requirements, and client asset segregation rules.
On its website, Yicko prominently displays an anti-fraud warning, advising clients not to click on suspicious links and not to share personal account information via phone, SMS, or email. This indicates a commitment to cybersecurity awareness. However, the firm's FXCanary Scam Risk Score is 28 out of 100, a 'Guarded' rating, which may reflect factors such as limited independent user reviews or the relatively high fee structure.
Account Opening and Client Onboarding
Opening an account with Yicko Securities requires a physical visit to its Hong Kong office. Prospective clients must download an application form from the website and arrange for a specialist to contact them. Personal clients need to bring their HKID or passport, a recent address proof (within 3 months), and a bank account proof. Corporate clients must provide additional documentation, including incorporation papers, board resolutions, and audited financials, certified by an SFC-accredited professional.
The broker emphasises that it does not accept third-party deposits, and all withdrawals are made only to the client's registered bank account. This policy, while standard, is a safety measure against money laundering and fraudulent activities.
Trading Platforms and Technology
Yicko Securities offers several trading platforms to cater to different client preferences. For desktop users, it provides iDoubleClick2, a software-based trading system for stocks with features like customizable keyboard shortcuts and order books. A web-based platform called iwTrader is also available for stock trading via browsers. Additionally, the broker offers mobile trading apps for both iOS and Android, allowing clients to trade Hong Kong stocks on the go.
The platforms appear to be provided by eBroker Systems Limited, a subsidiary of Front Office Technology (HK) Co Ltd, as indicated in the user manuals hosted on the site. The software versions (2012) suggest a mature but potentially dated technology stack. Telephone trading is also available for those who prefer voice orders.
Customer Support and Contact Information
Yicko Securities provides customer support via phone, email, WhatsApp, and fax. The main client service and settlement hotline is +852 2946 1320, while securities trading orders can be placed via +852 2946 1328. Stock options trading has a dedicated line: +852 2946 1321. The office hours are Monday to Friday, 8:45 AM to 5:30 PM Hong Kong time.
The broker's physical address is given as 19/F., Tung Ning Building, 125-127 Connaught Road Central, Sheung Wan, Hong Kong, near the Sheung Wan MTR station (Exit B). The firm's email addresses include info@yicko.com and clientservice@yicko.com.
Fees and Charges
According to its company description, Yicko Securities charges a brokerage fee of 0.25% of the transaction amount, which is relatively high compared to some discount brokers in Hong Kong. The exact fee schedule for other services (futures, options, corporate actions) is not detailed on the public website. Potential clients would need to contact the firm directly or review the terms and conditions provided during account opening.
The broker does not prominently advertise spreads or commissions for forex trading, as this product category is not a core focus. For securities trading, standard market fees (e.g., SFC transaction levy, trading fee, stamp duty) are likely passed through to clients.
Overview compiled by FXCanary from regulatory records and public data. full Yicko Securities review