Score
Hong Kong
|
15-20 years
| https://www.wfgold.com/en-us
Website
Rating Index
Influence
C
Influence index NO.1
Hong Kong 4.17
Single Core
1G
40G
1M*ADSL
Hong Kong Hong Kong
wfbullion.com wfgold.com
VIP is not activated.
| Wing Fung Review Summary | |
| Founded | 2000 |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE, SFC, SFC (Revoked), SFC (Exceeded) |
| Market Instruments | Precious Metals, Securities, Futures, Forex |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | From 1 pip |
| Trading Platform | Wing Fung Official APP, Wing Fung Securities for Online and App, Wing Fung Futures SP Trader Pro |
| Min Deposit | / |
| Customer Support | Live chat |
| Hong Kong Hotline: (852) 2303 8690 | |
| Mainland China Toll Free: 400 120 1090 | |
| Fax: (852) 3914 9568 | |
| China Fax: 400 120 1003 | |
| Email: cs@wfgold.com, csgold@wfgold.com | |
| Facebook and YouTube | |
Wing Fung is a member of the Chinese Gold and Silver Exchange in Hong Kong (CGSE) (Member No. 34) and enjoys the status of Bullion Group, casting 999.9 and 99 gold bars under the “Wing Fung” brand recognized in Hong Kong. Additionally, Wing Fung has been appointed by the Chinese Gold and Silver Exchange as a liquidity provider for the loco London gold market.
| Pros | Cons |
| Long history | Only support English & Chinese |
| Regulated by CGSE and SFC | Limited tradable asset classes |
| Tight spreads | Limited info on trading conditions |
| No commissions | No MT4/5 |
| Live chat support | Limited payment options |
Yes, Wing Fung is regulated by the Chinese Gold & Silver Exchange Society (CGSE) and Securities and Futures Commission of Hong Kong (SFC).
| Regulated Country | Regulated Authority | Current Status | Regulated Entity | License Type | License Number |
|---|---|---|---|---|---|
 | The Chinese Gold & Silver Exchange Society (CGSE) | Regulated | 永豐珠寶國際有限公司 | Type AA License | 034 |
 | Securities and Futures Commission of Hong Kong (SFC) | Regulated | Wing Fung Futures Limited | Dealing in futures contracts | AMU683 |
 | Securities and Futures Commission of Hong Kong (SFC) | Revoked | Wing Fung Forex Limited | Leveraged foreign exchange trading | ARI401 |
 | Securities and Futures Commission of Hong Kong (SFC) | Exceeded | Wing Fung Securities Limited | Common Financial Service License | AAV717 |
| Tradable Instruments | Supported |
| Precious Metals | ✔ |
| Securities | ✔ |
| Futures | ✔ |
| Forex | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Investors can choose between 368 Cash Account and Margin Account for trading Hong Kong stocks. The 368 Cash Account charges 0.05% of the transaction amount (minimum charge of HK$38 per transaction). The Margin account charges are 0.1% of the transaction amount (minimum charge of HK$38 per transaction).
Wing Fung offers competitive spreads on its forex instruments. For forex instruments, the spread on the EUR/USD pair starts from 1 pip, GBP/USD pair from 2 pips, AUD/USD pairs from 2 pips.
| Currency Pair | Spread |
| EUR/USD | From 1 pip |
| GBP/USD | From 2 pips |
| AUD/USD | From 2 pips |
The broker does not charge any commissions on forex trades, which makes it attractive for traders who do not want to incur extra fees.
| Trading Platform | Supported | Available Devices | Suitable for |
| Wing Fung Official APP | ✔ | Mobile | Experienced traders |
| Wing Fung Securities for Online and App | ✔ | Mobile | Experienced traders |
| Wing Fung Futures SP Trader Pro | ✔ | Mobile | Experienced traders |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Wing Fung offers traders three deposit methods.
The first one is banking deposit, and traders need to deposit funds (cash, cheque, transfer or wire transfer) to Bank of China (Hong Kong) / Bank of East Asia / China Construction Bank (Asia) / DBS Bank (Hong Kong), OCBC Wing Hang Bank where Wing Fung Precious Metals has opened accounts, all cheques must be crossed.
The second way is to deposit via PPS. Customers need to open a PPS account and complete the relevant account opening procedures. Then they can immediately transfer funds to their securities account with the company online or using the PPS system over the phone (for deposits via PPS, HK$5 will be charged for each deposit of less than HK$5,000).
The third way is to fast payment system (FPS). Regarding refunds, some bank branches may suspend or shorten the service hours due to the current epidemic. The customer's withdrawal request will be changed from Monday to Friday from 2:00 pm to 12:00 noon.
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～格局~1
Hong Kong
I originally made money to close the position today, but I didn’t know that the function of closing the position was invalid, so I immediately called the service number ☎Because I rarely use the manual phone to close the position, so I checked the phone password and couldn’t close the position, and then transferred eight other calls for me, and some said no He is in charge, and some say he only handles stocks and futures, throwing me around for more than an hour before calling me to reset my password, which is frighteningly efficient. I have used this software for more than a year and it frequently breaks down. In addition, setting the chase point before placing an order will not automatically close the position. Call ☎4001201080 to complain: How to deal with making money and losing money due to software failure? Will you compensate me? The reply I got: I The company has checked the software and there is no problem! Yongfeng's software and customer service levels are really not good.
Exposure
～格局~1
Hong Kong
The attitude of all the customer service staff in the company is poor. They never repeat their answer for more than two times when I ask questions. They are vary impatience, and making customer feel embarrassed about their inquiry, as they should apologize to him. No one answer for Wechat customer service. There is no reply for three hours about withdrawal and deposit. Even the attitude of customer service in all aspects really needs to reconsider whether Yongfeng is a formal trading place.
Exposure
Aung Myohlaing
Spain
I have been trading with this Hong Kong based broker for about 5 months now and I think it is a good fit for me! We know that because everyone's trading habits are different, there is no trading platform that is right for everyone, but I think wingfung is very suitable for me. I am very pleased with the spreads, commissions and accounts you provided.
Positive
FX1024642656
Hong Kong
All is ok. Trading cost is very transparent although the transaction fee is very high. And they seem to offer various tradable products and services, specializing in trading in precious metals and production of gold and silver jewelry. If someone has interests in precious metals trading, it can be a good choice.
Positive
の18398
Hong Kong
One of my friends from Hong Kong says this platform is good to trade with gold and silver, and I haven’t traded with this broker yet. Wing Fung’s trading fees are not competitive, a little expensive instead…
Neutral
FX1022137836
Hong Kong
You only need small investment amount to open an account with Wing Fung, and its trading platform is pretty smooth, plus good customer support. I haven't use this platform yet. Maybe I should have a try...
Positive