CITIC SECURITTIES
Basic Information
Pros and Cons
Pros
- Regulated by SFC of Hong Kong
- Over 20 years of operational experience
- Offers a variety of trading instruments
- Client funds held in regulated accounts
- Multiple trading platforms available
Cons
- Withdrawal process concerns reported
- Mixed reviews on customer service
- Fees may apply for unlocking funds
- No specified minimum deposit
- Transparency issues noted by users
Is CITIC SECURITTIES Safe and Legit?
CITIC SECURITIES, registered in Hong Kong since 1995, has over 20 years of operational experience. It offers a range of trading instruments, including securities, IPO subscriptions, and algorithmic trading, utilizing the XeT International APP and iTrade platforms, with commission fees applicable and no specified minimum deposit.
CITIC SECURITIES is regulated by the Securities and Futures Commission (SFC) of Hong Kong, holding license number AHR752. The broker is considered safe for legal operations within its jurisdiction, though user feedback suggests concerns regarding withdrawal processes.
Market reputation for CITIC SECURITIES indicates mixed reviews, with frequent complaints about difficulties in fund withdrawals and transparency issues. Customers have reported requiring payments for unlocking funds and challenges with customer service responsiveness, leading to a perception of operational risks and a reduction in trust among users.
Is CITIC SECURITTIES a Regulated Broker?
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
CITIC SECURITIES ensures that client funds are held in independently regulated bank accounts, separate from the broker’s own assets. This segregation of funds is designed to enhance the protection of client capital, aligning with regulatory requirements set forth by the Securities and Futures Commission (SFC) of Hong Kong.
CITIC SECURITIES Leverage
The maximum leverage offered by CITIC SECURITIES varies by product category, with distinctions between standard and professional account configurations. The actual leverage complies with local regulatory requirements, ensuring adherence to the standards established by the SFC, which governs the leverage limits applicable to different client classifications.
CITIC SECURITTIES Withdrawal Review
How to Contact CITIC SECURITTIES?
Does CITIC SECURITTIES Have Withdrawal Issues?
Customer feedback on CITIC SECURITIES highlights significant concerns regarding withdrawal processes, with many reports indicating difficulties and delays. Common complaints often center around the requirement to pay fees for unlocking funds and the inability to withdraw without completing certain tasks, leading to frustration among users. Credible sources for these complaints include various online forums and user reviews. While the broker is regulated by the SFC of Hong Kong, the handling of complaints appears inconsistent, with customers experiencing slow response times. There are repetitive complaints regarding withdrawal issues, contributing to a mixed reputation for the broker’s operational safety.
Frequently Asked Questions
A1: Yes, CITIC SECURITIES is regulated by the Securities and Futures Commission (SFC) of Hong Kong, holding license number AHR752. This regulatory status confirms its legal operations within Hong Kong, which is recognized as a safe jurisdiction for financial services.
A2: CITIC SECURITIES ensures that client funds are held in independently regulated bank accounts, separate from the broker’s own assets. This segregation of funds is a standard practice designed to enhance the protection of client capital in alignment with regulatory requirements.
A3: Customer feedback highlights significant concerns regarding withdrawal processes at CITIC SECURITIES, with many users reporting difficulties and delays. Complaints often focus on the requirement to pay fees for unlocking funds and challenges with customer service responsiveness.
A4: You can contact CITIC SECURITIES through their customer service hotline at +852 2237 6899 or via email at csi-callcentre@citics.com.hk. They also have a physical address at 26/F, CITIC TOWER, 1 TIM MEI AVE, CENTRAL, HONG KONG.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.