Question 1

Is Fulbright Financial Group beginner-friendly for new traders?

Accepted Answer

Fulbright Financial Group offers multiple trading platforms including mobile, web, and professional desktop terminals, which serve a wide range of trader experience levels from beginner to professional. The mobile Fulbright App is specifically suitable for beginner to intermediate traders. However, the broker does not provide demo accounts for practice, which may be a limitation for new traders wanting risk-free experience before live trading. Customer support is available via phone and email, which can help beginners navigate trading. Therefore, while there are beginner-friendly platforms, lack of demo accounts may make the overall experience less accessible for absolute beginners.

Question 2

What regulation and licensing does Fulbright Financial Group hold to ensure investor safety?

Accepted Answer

Fulbright Financial Group is regulated by the Hong Kong Securities and Futures Commission (SFC). Of its affiliated entities, only Fulbright Futures Limited currently holds an active SFC license for dealing in futures contracts. The other entities, Fulbright Securities Limited and Fulbright Asset Management Limited, have licenses that are expired and no longer valid. This means investors can trade futures through a regulated licensed entity, but other services may not have active regulatory coverage. The regulation by SFC offers investor protections such as compliance requirements and oversight of trading activities under Hong Kong law.

Question 3

What are the trading costs and fees at Fulbright Financial Group?

Accepted Answer

Fulbright Financial Group charges trading commissions that tend to be slightly lower than industry norms, particularly for online trading. For Hong Kong securities, online trading commission is 0.10% with a minimum of HKD 30, and phone trading commission is 0.20% with a minimum of HKD 90. IPO subscription fees vary between HKD 20 for cash and HKD 100 for margin accounts. Other fees include stamp duty of 0.10%, exchange fees, clearing fees, and margin interest at approximately 7.05%. Some charges such as handling fees and financing interest are negotiable depending on client profile. Monthly statement reissue and mailing fees apply as of September 2023. Overall, costs are competitive with some negotiable elements.

Question 4

What deposit and withdrawal methods does Fulbright Financial Group offer, and are there any fees?

Accepted Answer

Fulbright Financial Group accepts deposits and withdrawals primarily via bank transfer, FPS (Faster Payment System), and cheque. Deposits can take from instant (FPS during trading hours) up to 2-3 working days depending on method. Withdrawals are processed same-day if submitted during processing hours, otherwise next working day. Importantly, the broker does not charge any fees for deposits or withdrawals; however, client banks may apply their own charges. There is no publicly disclosed minimum deposit amount. Overall, the deposit and withdrawal process is straightforward with no direct broker fees.

Question 5

What trading instruments can investors access through Fulbright Financial Group?

Accepted Answer

Fulbright Financial Group offers trading in securities, futures, and options on markets in Hong Kong, the United States, and globally. However, it does not offer trading in forex, commodities, indices, stocks, cryptocurrencies, bonds, or ETFs. The primary focus is thus on futures contracts and securities/options trading. This narrower instrument range may influence investor decisions depending on their desired portfolio diversification.

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