Covered in some more detail here:
https://techcrunch.com/2020/04/21/so...-8-securities/Despite the impact of COVID-19 on the global markets, SoFi Hong Kong CEO Abdulla told TechCrunch that the first quarter of 2020 was 8 Securities’ strongest ever, with new accounts and assets up 400% in March, compared to the 2019 average.
“We experienced a surge in first-time investors that see the current market pull-back as an opportunity to start investing,†he said. “Despite the market decline our active accounts and assets are higher than they have ever been.â€
yeah, read about it a few days ago. How much it impacts us I am not too sure. well actually it probably doesn't. Unless they start coming out with UK traded shares.....
Article about 8Securities / SoFi in SCMP
https://www.scmp.com/business/market...argets-younger
Interesting to see that quite a few small brokerages have gone bust recently.
After the announcement they took over 8-securities I looked into the trading website of Sofi .hk
https://www.sofi.hk/web/
It looks promising, also on the fee and commission part of it.
Is anybody using it already?
What is your idea?
full disclosure: I have no affiliation or relation with this company it at this moment. Nor am I recommending this company at this point in time.
Curious too but cant help but think that no fees and no comissions falls under the 'no such thing as a free lunch' category. Dont understand enough to justify using it for myself so will watch from a distance!
You mean odd lots or say like 1/2 HSBC share for $20?Now if they start offering fractional HKSE share trading, that will be interesting.
As I recall 8-securities has a monthly fee.
For Sofi I do not see that.
https://www.sofi.hk/forms/Pricing_EN.pdf
But maybe it is too good to be true.