Valuable Capital Limited Review

1 REVIEWS
Huasheng Capital Securities Co., Ltd Hong Kong Stock Broker
Updated: Sep 20, 2022
VBKR.com Is this your company?

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1 REVIEWS

Traders Reviews

B
GuangDong, China,
Mar 22, 2022,
Registered user

Pros and Cons about VBKR broker

Service use: Live Length of use: over 1 Year
These are some Pros, Cons about this broker.

Been using this broker for over 2 years. These are my views on the Pros and Cons. It is very difficult to find a perfect broker.

Pros:

1- Account opening procedure is easy and quick.

Although this broker is registered in HK, they offer services for Chinese citizens. And their online account opening is like snapping fingers. All I did was uploading the pictures of my national ID along with my Chinese bank card. Several hours later, my account was done. Account opening is free, no deposit is required.

2 - Funding account is smooth and fast.

VBKR is a HK broker, luckily I have a HK bank account which made funding my account so much easier. I wire transferred the money via online banking, then uploaded the bank slip and informed the broker, within a few hours the amount is reflected in my stock account.

3 - Withdrawal is smooth and quick too.

When it came down to requesting a withdrawal, I filled out the bank account info which the prior deposits were transferred from. After the broker’s due diligence, the requested amount showed in my bank account in a day or two.

4 - Trading is easy and smooth.

HK stocks are not like US stocks, they are traded with lots not shares. One lot can be as small as 50 shares, or as big as 10000 shares, the lot size varies depending on each stock. Trading can be done on mobile APP. It is pretty straightforward and obvious. Orders with full lots are filled smoothly and easily. The good part about VBKR is they offer odd lot trading, meaning you can trade less than one full lot. For example, one lot of a stock is 500 shares, by odd lot trading meaning you can buy and sell 100 shares or less. This is very friendly for investors with small capitals.

5 - Trading platform is user-friendly

I like VBKR’s trading platform, especially the mobile APP. They offer desktop version too. I prefer the mobile APP. The interface is simple and easy to understand. I figured it all out just by clicking around, in my opinion everything is explained clearly. And the main color scheme is as simple as black fonts on a white background, very readable.

6 - Brokerage charge is acceptable and on the low end.

Picked this broker because it has a relatively low online trading commission which is 0.03% (minimum 3 HKD). The annoying part is they charge a platform fee for each buy or sell transaction. They offer 2 price schedules: a flat fee of 15 HKD per transaction, or tiered scheme. Since I don’t trade very often, I picked the flat fee of 15 HKD one. In this case, the actual minimum trading fee is 18 HKD. Comparing to some brokers charging minimum 88HKD or 100HKD, this broker’s fee is acceptable.

Cons:

1- My experience with trading odd lot isn’t so great, several times my odd lots orders were not filled. I know odd lots orders are filled by humans, I have a feeling whoever is matching the odd lots orders are not monitoring the quotes intensively.

2- The other flaw of this broker to me is they charge a fee for receiving dividends for me. They charge 0.5% on total dividends, minimum 30 HKD for receiving dividends. Which means I will be charged with 30HKD at minimum. In some cases, my dividends are not enough to pay the fee. In another word, I will not be able to accumulate dividends for most of my stocks. For this reason, I transferred dividend stock to a different broker but keep some non-dividend stocks and stocks with odd lots here.