Company Overview
Founded in 2000 in Hong Kong, Wing Fung is a member of the Chinese Gold and Silver Exchange Society (CGSE) with membership No. 34. The company is well-known in the precious metals market, while also offering services in securities, futures, and Forex. Its “Wing Fung” gold bars (999.9 and 99) are widely recognized in Hong Kong. In addition, Wing Fung has been appointed by CGSE as a liquidity provider for the London gold market.
Trading Instruments
Available instruments include:
- Precious Metals
- Securities
- Futures
- Forex
Other asset classes such as commodities, indices, cryptocurrencies, bonds, ETFs, or options are not supported.
Accounts & Fees
For Hong Kong stock trading, investors can choose between:
- Cash Account 368: 0.05% transaction fee (minimum HK$38 per order).
- Margin Account: 0.1% transaction fee (minimum HK$38 per order).
For Forex, Wing Fung offers competitive spreads:
- EUR/USD: from 1 pip
- GBP/USD: from 2 pips
- AUD/USD: from 2 pips
Importantly, no commission is charged on Forex trades.
Trading Platforms
Wing Fung provides proprietary platforms:
- Wing Fung Official APP
- Wing Fung Securities Online & App
- Wing Fung Futures SP Trader Pro
However, MT4 and MT5 are not supported.
Deposits & Withdrawals
Clients can deposit funds via:
- Bank Transfer: BOC, BEA, CCB Asia, DBS, OCBC Wing Hang.
- PPS: Online/telephone payments (HK$5 fee for deposits below HK$5,000).
- FPS: Fast Payment System, with withdrawal processing from Monday to Friday, 2:00 PM – 12:00 noon.
Customer Support
Support channels include live chat, Hong Kong hotline, Mainland China toll-free number, email (cs@wfgold.com, csgold@wfgold.com), and official social media (Facebook, YouTube).
Pros & Cons
Pros:
- Long history and strong reputation in Hong Kong.
- Regulated by SFC.
- Tight spreads and no commission on Forex trades.
- Live chat support available.
Cons:
- No MT4/MT5 support.
- Limited information on trading conditions.
- Payment methods are not very diverse.
- Only English and Chinese supported.
Conclusion
Wing Fung is a reputable Hong Kong-based broker with a strong position in precious metals and recognition from reliable regulatory bodies. While the lack of MT4/MT5 and limited product range may not suit all traders, it remains a solid option for those focusing on gold, securities, and futures within the Hong Kong market.
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