Score
Hong Kong
|
Above 20 years
| https://hnsfg.com/en/index.php
Website
Rating Index
LicensesLicensed Entity：Head & Shoulders Securities Limited
License No. AFS455
Hong Kong
hnsfg.com Hong Kong
VIP is not activated.
| Head & Shoulders Review Summary | |
| Founded | 1970 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC (Exceeded) |
| Trading Products | Securities, stocks, derivatives, bonds, ETFs, REITs |
| Demo Account | ❌ |
| Trading Platform | Online Trading Platform, AAStocks Real-time Quote, iOS Trading App, Android Trading App, eBrokerKey |
| Minimum Deposit | / |
| Customer Support | General tel: +852 3103-8388 |
| CS hotline: +852 3103-8386 | |
| Fax: +852 3103-8399 | |
| Email: info@headandshoulders.com.hk | |
Head & Shoulders Securities Limited, incorporated in 1970 in Hong Kong, is regulated by the Securities and Futures Commission (SFC) under license AFS455, however its current licensing status is “Exceeded.” It provides securities trading and margin financing services for equities, derivatives, bonds, ETFs, and REITs, but does not offer demo or Islamic accounts.
| Pros | Cons |
| Long-established (since 1970) | License status currently “Exceeded” |
| Wide product range: stocks, derivatives, ETFs, REITs | No demo account, no Islamic account |
| Multiple trading platforms (web, mobile) | Minimum deposit not clearly mentioned |
Head & Shoulders Securities Limited is a licensed entity controlled by the Securities and Futures Commission of Hong Kong with license number AFS455 for “Dealing in Securities.” However, the current license status is displayed as Exceeded.
Head & Shoulders Securities Limited offers securities trading and margin financing services, covering stocks, derivatives, bonds, ETFs, and REITs.
| Trading Products | Supported |
| Stocks | ✔ |
| Derivatives (warrants, CBBC) | ✔ |
| Bonds (incl. inflation-linked) | ✔ |
| ETFs | ✔ |
| REITs | ✔ |
| Forex | × |
| Commodities | × |
| Indices | × |
| Cryptocurrencies | × |
| Options | × |
Head & Shoulders Securities Limited provides two types of live accounts — cash and margin — to individual and business clients. They do not provide demo or Islamic accounts. Cash accounts are ideal for conservative or inexperienced traders, whilst margin accounts are ideal for experienced traders looking for leverage.
| Account Type | Suitable for |
| Individual Cash Account | Beginners or investors wanting to trade without leverage |
| Individual Margin Account | Experienced traders looking to trade on margin (with leverage) |
| Corporate Cash Account | Companies wanting to trade securities without using leverage |
| Corporate Margin Account | Companies seeking margin financing and leveraged trading |
Head & Shoulders Securities Limited imposes costs that are comparable to or somewhat more than certain industry competitors.
| Fee Type | Details |
| Internet Orders | Favorable rates, min. HK$50 |
| Phone Orders | Favorable rates, min. HK$50 |
| Settlement Instruction (SI) | 0.25% of value, min. HK$500 |
| Investor Settlement (ISI) | 0.25% of value |
| Stamp Duty | HK$1 per HK$1,000 of transaction |
| Transaction Levy (SFC) | 0.0027% of transaction amount |
| Transaction Levy (FRC) | 0.00015% of transaction amount |
| Trading Fee (HKEX) | 0.00565% of transaction amount |
| Clearing Fee (HKSCC) | 0.002% of transaction amount, min. HK$5 |
| Physical Stock Deposit | HK$5 per lot (transfer deed stamp duty) |
| Physical Stock Withdrawal | HK$6 per lot |
| Cash Dividend Handling | 0.5% of dividend amount, min. HK$10 |
| Scrip Fee | HK$2.5 per lot (first time) |
| New Issues Handling Fee | HK$50 |
| Trading Platform | Supported | Devices |
| Online Trading Platform | ✔ | Web |
| AAStocks Real-time Quote | ✔ | Web, Mobile App |
| iOS Trading App | ✔ | iOS |
| Android Trading App (APK) | ✔ | Android |
| eBrokerKey (iOS) | ✔ | iOS |
| eBrokerKey (Android) | ✔ | Android |
Head & Shoulders Securities Limited does not openly impose deposit or withdrawal fee. The minimum deposit amount is not clearly defined.
| Payment Options | Minimum Amount | Fees | Processing Time |
| Bank Transfer (Deposit) | / | / | Same business day if notified before 3:00 pm; otherwise next business day |
| Bank Transfer (Withdrawal) | 1–2 days if notified before 11:00 am; otherwise next business day |
Head & Shoulders is licensed by the SFC, but the “Exceeded” status of its license significantly diminishes its credibility as a regulated entity. For any trader, especially those who are concerned about the safety of their funds, knowing that a broker’s regulatory license is no longer valid is a red flag. While the broker has operated for decades, the lack of up-to-date regulatory supervision makes me hesitant to trade with them. In my opinion, it’s better to opt for a broker whose regulatory status is current and recognized globally.
Head & Shoulders Securities Limited is regulated by the Securities and Futures Commission (SFC) under license number AFS455. However, it is important to note that its current license status is listed as “Exceeded,” which means it no longer holds active regulatory authorization from the SFC. From my perspective, this raises concerns about the legitimacy of the broker, especially for international traders who rely on regulatory bodies to ensure the protection of their funds. While the broker has a long history (since 1970) and was once under SFC regulation, I would be cautious given the status of the license and the potential risks associated with trading under these conditions.
The biggest disadvantage of trading with Head & Shoulders is their "Exceeded" license status, which raises doubts about their ongoing regulatory compliance. This means that the broker is no longer under the supervision of the SFC or any other active regulatory authority. Furthermore, they do not offer a demo account, which makes it difficult for new traders to familiarize themselves with the platform before committing real funds. Additionally, there is no information provided on the minimum deposit requirement, making it harder for me to assess the cost of getting started with this broker.
Yes, Head & Shoulders provides mobile trading apps for both iOS and Android devices. The apps are designed to give traders like me full access to the platform, allowing me to place orders, manage my account, and track market data on the go. I find mobile trading especially convenient when I'm traveling or unable to access my desktop. The mobile apps are part of the reason why I would consider trading with Head & Shoulders, as they make trading more accessible.
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