Established in 2010, TIANDA provides securities trading and corporate finance services via their mobile trading platform. Besides, it also offers investments and asset management with targeted accounts. However, its license of SFC has been exceeded.
Pros and Cons
Is TIANDA Legit?
TIANDA is not regulated because its license of the Securities and Futures Commission (SFC) is exceeded. As a result, TIANDA's operations are not subject to the SFC's regulatory oversight, which impact their traders protection.
What Can I Trade on TIANDA?
TIANDA offers securities trading including HK Stocks, US Stocks, SH/SZ Stock and China B, IPO stocks and securities margin trading.
Accept for trading on TIANDA, it also provides other financial services including asset management, investing and corporate finance. For investment, you can join equity investment, debt financing and securities-based lending. Besides, for corporate, it provides bonds increasing, bonds issuance as well as mergers and acquisitions.
Account Type
TIANDAs accounts meet different trading services and traders including individual/ joint accounts, corporate account, cash/margin accounts. With cash accounts, clients can trade with all products listed on the Hong Kong Stock Exchange, including warrants. A minimum deposit is not required for account opening. Besides, there is no monthly fee or minimum account balance requirement.
TIANDA Fees
According to its website, TIANDA charges fees for securities trading services, scrip handling and settlement services, account maintenance, nominee services and corporate actions, financing and other services. You can click: https://www.tiandafinancial.com/en/services_sales.php to learn about specific fees according to your items.
| Category | Fee | |
| Brokerage Commission | Minimum: HK$100 per transaction | |
| SFC Transaction Levy | 0.0027% of transaction amount | |
| HKEx Trading Fee | 0.00565% of transaction amount | |
| Stamp Duty on Stock Transaction | 0.10% of transaction amount | |
| AFRC Transaction Levy | 0.00015% per side of the consideration of a transaction | |
| CCASS Stock Settlement Fee | 0.002% of gross value of an Exchange trade | Maximum: HK$100, Minimum: HK$2; for scrip handling and settlement services |
| Physical Scrip Deposit Fee | Waived | |
| Transfer Deed | HK$5 per transfer deed | |
| Physical Scrip Withdrawal Fee | CCASS Charge: HK$3.5 per board lot + Company Handling Fee: HK$1 per board lot | Minimum: HK$20 |
| Stock Deposit via CCASS Settlement Instructions (SI) | Waived | |
| Stock Withdrawal via CCASS Settlement Instructions (SI) | 0.02% of total market value based on previous closing price | Maximum: HK$500, Minimum: HK$50 |
| Stock Deposit via CCASS Investor Settlement Instructions (ISI) | Waived | |
| Stock Withdrawal via CCASS Investor Settlement Instructions (ISI) | HK$10 per transaction | |
| Compulsory Share Buy-back Fee | Company Handling Fee: HK$100 + CCASS penalties & other related charges | |
| Account Maintenance |
| Stock Balance or Account Confirmation Fee | HK$100 per application | |
| Copies of Contract Note / Daily Statement / Monthly Statement (The latest three months waived) | HK$100 per duplicate copy | |
| Stock Custody Fee | Waived | |
| Nominee Services and Corporate Actions | | |
| Scrip Fee (At Book Close Date) | HK$1.5 per board lot | Stocks stored in CCASS when issuing dividends |
| Collection Fee of Cash / Scrip Dividend | 0.5% of dividend amount | Minimum: HK$20 |
| Collection Fee for Bonus Share | HK$20 per stock | |
| Right Issue Entitlement Charge | HK$100 + CCASS Charge: HK$0.8 per board lot (per transaction) | |
| Fee for Change of Registration at Share Registrar | HK$5 per board lot | Minimum: HK$20 |
| Fee for Claiming Unclaimed Benefit Entitlements | HK$300 per claim + CCASS & relevant service fees | |
| Financing and Other Services |
| IPO Subscription Handling Charge | HK$100 per application | |
| Financing Charge for Subscription of Securities | Subject to market rate | |
| Cash Account Overdue Interest | Prime Rate + 6% (Negotiable) | |
| Margin Account Overdue Interest | Prime Rate + 3% (Negotiable) | |
| Remittance | CHATS (Local): HK$100 per transaction | T/T (Overseas): HK$200 + Bank Charges (deducted from T/T amount) per transaction |
| Foreign Currency Exchange Handling Charge | HK$100 per case + Bank Charges | |
| Bank Transfer Handling Charge (For Withdrawal) | HK$100 per case | |
| Returned Cheque Charge | |
| Over 1 Month Unknown Deposit Charge | |
Trading Platform
You can trade on TIANDA by their platform --- Tianda Financial Mobile Trading Platform. In addition to trading products, it includes implementing robust security measures and protocols to prevent unauthorized access and threats.
Deposit and Withdrawal
Deposit Options
You can deposit funds into one of the following banks and make the payment to Tianda.
Note: The name on the cheque must be the same as the account holders name (third-party cheques are not accepted).
Withdrawal Options
For cash withdrawals from the account, you should download, print, complete, and sign the “Deposit / Withdrawal Form”. All funds will be deposited into your designated bank account in the form of crossed cheques. Whats important, withdrawals to third parties or by cash cheque are not accepted.
Customer Service
TIANDA supports phone, fax, and email (Monday to Friday 9:00-17:30). Its customer sevices also will be closed on Saturday, Sunday and Public Holidays.
The Bottom Line
In conclusion, TIANDA specializes in securities trading and securities-related services in their Tianda Trading Platform, which is suitable for traders interested in securities products. Also, it offers a clear fee schedule. But it is not regulated well because of its exceeded license of SFC.
FAQs
Is TIANDA a good for beginners?
No. It is not regulated well.
Are there any restrictions on the securities account opening at Tianda Securities?
There are no restrictions on opening an account in Hong Kong. For individuals in Hong Kong or abroad, Tianda Securities requires valid proof of identity and a residential address, or business registration documents.
How long does it take to activate traders' accounts?
It normally takes 3 working days (HKT) to process an account opening application.
