SinoPac Securities (Asia) Limited Forex Broker

SFC Regulated - High Trust

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Trust Score

7.2

OUT OF 10

Pros

Licensed by Hong Kong SFC for Types 1, 2, 4, 5, and 9 regulated activities providing comprehensive investor protection
Established presence since 1994 with strong institutional backing from SinoPac Holdings
Comprehensive trading platform offering securities, futures, and asset management services
Advanced quantitative trading service platform with automated trading strategy capabilities
Strong foreign exchange and derivatives platform with real-time market information
Robust wealth management trust services with 19.55% annual growth rate
Innovative digital banking services through DAWHO app serving over 1.5 million customers

Cons

Limited global presence compared to international brokers
Trading platform may not be as advanced as major global competitors
Customer service hours limited to Hong Kong trading days (09:00-18:00)
Primarily focused on Asian markets which may limit global trading opportunities
Limited cryptocurrency trading options compared to specialized crypto brokers
Mobile trading features may be less comprehensive than leading international platforms

Basic Information

Company

SinoPac Securities (Asia) Limited

Region

Hong Kong

Established

1994

unknown

Phone

(852) 2523-6685

Website

www.sinopacasia.com

User Reviews

Michael Chen Hong Kong

★★★★☆

I've been trading with SinoPac Securities for the past 2 years, primarily focusing on Hong Kong and Chinese equities. Their quantitative trading platform is impressive, offering solid automated trading capabilities that have helped me implement my strategies effectively. The customer service is professional and knowledgeable, especially regarding complex trading scenarios. While their trading costs are competitive for the Hong Kong market, I would like to see extended trading hours support and more international market access. Overall, a reliable broker with strong local market expertise.

Sarah Wong Singapore

★★★☆☆

Been using SinoPac's services for 6 months now. The platform is stable and their regulatory status gives me confidence, but I find their trading hours somewhat limiting for international trading. The DAWHO platform is user-friendly, though it could use more advanced features for technical analysis. Customer service is good during business hours but unavailable during off-hours which can be inconvenient. Their strength lies in Asian markets, but they could improve their global market coverage.

David Liu Taiwan

★★★★★

Having traded with SinoPac for over 3 years, I'm thoroughly impressed with their wealth management services and investment advisory. The quantitative trading tools have helped me achieve consistent returns, and their research reports are particularly insightful for Asian markets. I've processed numerous transactions ranging from $10,000 to $50,000, all handled efficiently and securely. Their digital platform has evolved significantly, making trading and account management much more convenient. The relationship managers are highly professional and responsive to my investment needs.

Overview

SinoPac Securities (Asia) Limited, established in 1994, is a prominent financial institution operating as a fully-owned subsidiary of SinoPac Holdings. The company has built a strong reputation in the Asian financial markets, particularly in Hong Kong, where it maintains its primary operations. Licensed by the Hong Kong Securities and Futures Commission (SFC), the firm holds comprehensive regulatory approvals for Types 1 (dealing in securities), 2 (dealing in futures contracts), 4 (advising on securities), 5 (advising on futures contracts), and 9 (asset management) regulated activities. This diverse range of licenses enables SinoPac to offer a comprehensive suite of financial services to both retail and institutional clients. The company has demonstrated significant growth and innovation in its service offerings, particularly in digital banking through initiatives like the DAWHO app, which has attracted over 1.5 million customers. SinoPac Securities has distinguished itself through its strong focus on quantitative trading services, providing investors with sophisticated automated trading strategies and programming capabilities. The firm’s wealth management trust division has shown impressive performance, achieving a 19.55% annual growth rate and ranking second in its market segment. With a robust foreign exchange and derivatives platform, SinoPac provides comprehensive cash management and capital allocation services, particularly beneficial for businesses operating in cross-strait markets.

Is SinoPac Securities (Asia) Limited Safe? Regulation Analysis

SinoPac Securities (Asia) Limited operates under the stringent regulatory oversight of the Hong Kong Securities and Futures Commission (SFC), holding multiple licenses that demonstrate its comprehensive compliance with Hong Kong’s financial regulations. The company maintains licenses for Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management) regulated activities. This regulatory framework ensures that SinoPac adheres to strict operational standards, including capital adequacy requirements, client asset segregation, and regular compliance audits. As a subsidiary of SinoPac Holdings, the company benefits from additional institutional oversight and governance structures. The firm’s operations are subject to Hong Kong’s robust financial regulatory environment, which is recognized globally for its high standards of investor protection and market integrity. SinoPac’s regulatory status provides clients with various protections including segregated client funds, regular external audits, and compliance with anti-money laundering (AML) and know-your-customer (KYC) requirements.

Trading Products and Services

Securities Trading: Comprehensive access to Hong Kong and international stock markets, including equities, warrants, and ETFs
Futures Trading: Wide range of futures contracts available for trading, including index futures and commodity futures
Asset Management Services: Professional portfolio management and investment advisory services
Forex Trading: Foreign exchange trading services with competitive spreads and real-time market information
Wealth Management Products: Diverse investment products including structured products and fixed income securities
Quantitative Trading Services: Advanced algorithmic trading capabilities with automated strategy implementation
Digital Banking Services: Modern banking solutions through the DAWHO platform

Trading Platforms

SinoPac Securities (Asia) offers a comprehensive trading infrastructure that includes both traditional and digital platforms. Their primary trading platform provides access to multiple markets with real-time data and advanced charting capabilities. The company has developed a sophisticated quantitative trading service platform that enables investors to design and implement automated trading strategies, complete with trading ideas and programming samples suitable for both novice and experienced traders. The DAWHO digital platform combines account opening, AI-based smart services, stock trading, and performance management in a single interface. The platform features responsive web design (RWD) allowing seamless access across different devices including mobile phones, tablets, and computers without requiring app downloads. Additionally, they offer specialized platforms for different asset classes including securities, futures, and forex trading, all integrated with real-time market information and analysis tools.

Deposit and Withdrawal

SinoPac Securities (Asia) provides various funding options for client accounts, though specific details about deposit and withdrawal methods are not explicitly stated in the available information. The company likely accepts standard payment methods including bank transfers and electronic payments, in line with Hong Kong financial institution practices. As a regulated entity, all client funds are handled according to SFC requirements, ensuring proper segregation and protection of client assets. The firm maintains strict compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations, requiring proper documentation and verification for all financial transactions. Trading accounts are primarily denominated in Hong Kong dollars (HKD), though other major currencies may be supported for international clients.

Customer Support

Customer support at SinoPac Securities (Asia) is available during Hong Kong trading days from 09:00 to 18:00 via telephone at (852) 2523-6685. The company provides professional assistance for various services including trading support, account management, and technical issues. Support is available in multiple languages, with Chinese and English being the primary languages of communication. The firm offers dedicated relationship management for wealth management clients, providing personalized service and investment advice. Digital support is available through their online platforms, including the DAWHO app, which provides modern self-service capabilities. While the support hours are limited to Hong Kong business hours, the quality of service reflects the company’s professional standards and regulatory compliance requirements.

Frequently Asked Questions (FAQ)

Q: What licenses does SinoPac Securities (Asia) hold?
A: SinoPac Securities (Asia) is licensed by the Hong Kong Securities and Futures Commission (SFC) for five regulated activities: Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management). These licenses enable the company to provide a comprehensive range of financial services while ensuring regulatory compliance and client protection.

Q: What trading platforms are available at SinoPac?
A: SinoPac offers multiple trading platforms including their quantitative trading service platform for automated trading strategies, the DAWHO digital platform for integrated services, and specialized platforms for securities and futures trading. The platforms feature responsive web design for cross-device accessibility, real-time market data, and advanced trading tools.

Q: What investment products does SinoPac offer?
A: SinoPac provides a diverse range of investment products including securities trading (stocks, ETFs, warrants), futures contracts, forex trading, wealth management products, and asset management services. They also offer quantitative trading capabilities and digital banking services through their DAWHO platform.

Q: How does SinoPac protect client funds?
A: As an SFC-regulated entity, SinoPac adheres to strict regulatory requirements for client fund protection, including segregated client accounts, regular audits, and compliance with Hong Kong’s financial regulations. The company maintains robust risk management systems and follows stringent compliance procedures to ensure the safety of client assets.