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First Shanghai logo

First Shanghai

Regulated
Hong Kong
Since 2001
Last Updated:

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1000
Account Types
N/A

Official website

Homepage of firstshanghai.com.hk as we captured it

firstshanghai.com.hk

Online · checked Sep 10, 2026

5 pages archived · Oct 15, 2026

Funding Methods

7 methods

Bank Transfer

bank transfer
Up to 10 days
Fee:Not recorded
Fee:Not recorded

Cheque Deposit

other
Up to 10 days
Fee:Not recorded
Fee:Not recorded

Crossed Cheque Withdrawal

other
Up to 3 days
Fee:Not recorded
Fee:Free

E-transfer Withdrawal

other
Up to 3 days
Fee:Not recorded
Fee:Free

CHATS Transfer Withdrawal

wire transfer
Up to 24 hours
Fee:HK$150
Fee:HK$200

Telegraphic Transfer (TT) Withdrawal

wire transfer
Up to 24 hours
Fee:Not recorded
Fee:HK$300

Physical Scrip Withdrawal

other
Not recorded
Fee:Not recorded
Fee:HK$100

Trust rating

High risk

48 out of 100 · 55% checked· Provisional

The licences it claims have not been checked on any official register.

We checked First Shanghai on 2026-10-26 across its regulation, company record, client terms, trading offer and service, and could verify 55% of its record. It claims 1 licence on its site, but none has been checked on an official register yet. The score of 48 is what the checked record adds up to; nothing held it down. The rating stays provisional until a claimed licence is checked on an official register. What would move the score: licence held by the onboarding entity, verified age, transparency. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.

Score last calculated 2026/10/26

Company Information

Full Name:First Shanghai Futures Limited
Founded:2001
Headquarters:Hong Kong
Enterprise Offices:1offices

Customer Support

Phone:
+85225222101
Live Chat:
Available
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about First Shanghai: its history, the licences it holds, its trading conditions and its fees.

​​First Shanghai Investments Limited has established itself as an essential player in Hong Kong's finance industry since its inception in 1964 by providing professional services to clients for over 60 years. Today, the firm is known as a diversified financial services company that offers a range of investment and advisory products and services to meet the diverse needs of investors.

First Shanghai's headquarters are located in Central Hong Kong, where it leverages traditional financial skills with the advantages of technology to provide comprehensive financial solutions. These solutions range from brokerage services (for securities and futures) based on a particular asset class to capital-raising and advisory services for corporate finance, as well as its asset management capabilities.

First, Shanghai's integrated approach offers a complete solution to the complex requirements of the constantly evolving financial marketplace. The purpose of this article is to provide a comprehensive overview of First Shanghai Investments Limited, including its corporate history, services, regulatory framework, trading conditions, and overall market position.

History & Background

Established in 1964, First Shanghai commenced operations following Hong Kong's emergence as a global financial hub. In 1972, the firm became a publicly traded entity on the Hong Kong Stock Exchange (''HKSE'') by listing under the stock code "0227". The firm has provided its clients with a means to expand and diversify.

1993 marked the year the firm adopted the name "First Shanghai" to emphasise its commitment to the rapidly growing Chinese market. Over the years, through diversification, the company has developed into a multi-faceted conglomerate with three major business sectors: Financial Services, Direct Investments & Property Development, and Hotel Development. All three business areas have been afforded development opportunities through diversification within the Pearl River Delta and the Yangtze Delta regions.

Key Features and Services

Comprehensive Financial Services

The foundations of First Shanghai's diverse, comprehensive financial services are firmly anchored in the company’s vast client base, which now includes institutional investors, corporate clients, high-net-worth individuals, and individual retail traders. First Shanghai is able to provide its clients with a full-service financial solution by offering brokerage services for both securities and futures, asset management services, and Corporate Finance advice. In addition to having access to a wide variety of different methods of raising capital through the use of Initial Public Offerings (“IPOs”), First Shanghai will offer its clients advice regarding mergers and acquisitions, compliance consulting, and underwriting- creating a truly one-stop shop when it comes to the complexities of today’s fast-paced financial market.

Trading Platforms and Instruments

First Shanghai Futures Limited uses the highly sophisticated, automated electronic trading platform, the Hong Kong Automatic Trading System (“HKATS”), to perform Futures Trading. HKATS's superior technology enables First Shanghai to execute client orders quickly and efficiently while simultaneously managing risk/benefit. Clients are afforded the flexibility to trade not only the multitude of Futures Trading products available in the Hong Kong Market, but also International Markets, Securities, and Bond Funds. The inclusion of margin financing for Clients, along with the ability to perform short selling, will undoubtedly create even more opportunities for First Shanghai's clients.

Client Account Types

Through the utilisation of its various Client Account Types, First Shanghai provides Services to ten Client Groups, including Institutional Investors, Corporations, High-Net-Worth Individuals, and Retail Clients, ensuring that each Client Group receives the services and products that best support their needs, investments, and goals.

Client Type

Services Offered

Key Benefits

Institutional Clients

Brokerage, asset management, corporate finance

Customized solutions, large-scale trading, advisory

Corporate Clients

IPO underwriting, M&A advisory, compliance consulting

Strategic financial planning, regulatory support

High Net-Worth Individuals

Asset management, securities trading, investment advisory

Personalized portfolio management, exclusive products

Retail Clients

Securities and futures trading, margin financing

Access to diverse markets, competitive trading conditions

Compliance, Licensing, and Regulations

As an HKEX-listed company, First Shanghai is subject to substantial regulatory scrutiny by various governing authorities, including the HKEX. In addition to its status as an Exchange Participant of the Hong Kong Futures Exchange Limited and member of the Hong Kong Clearing Corporation, First Shanghai also holds two brokers and one futures participant's license through its subsidiaries - First Shanghai Securities Limited and First Shanghai Futures Limited - for regulatory compliance purposes.

The continued maintenance of client confidence, as well as the protection of market integrity, are the primary drivers that guide First Shanghai's ability to operate as a broker and futures participant within the SFC regulatory framework. While the specific numbers for each license may not be available in public records, First Shanghai strives to maintain complete and full compliance with all regulatory requirements.

Entity

Regulator

License Status

First Shanghai Securities Limited

Securities and Futures Commission (SFC)

Licensed Broker

First Shanghai Futures Limited

Securities and Futures Commission (SFC)

Licensed Futures Participant

First Shanghai Futures Limited

Hong Kong Futures Exchange Limited

Exchange Participant

First Shanghai Futures Limited

Hong Kong Central Clearing Corporation

Clearing Participant

 

Trading Conditions and Platform Technology

Trading Conditions

Although First Shanghai does not publicly disclose detailed figures for spreads, leverage, minimum deposits, commissions, or fees, it is understood that the company offers competitive trading conditions consistent with Hong Kong market standards. Its regulatory compliance ensures transparency and fairness in client dealings.

Platform Technology

The company’s use of the Hong Kong Automatic Trading System (HKATS) for futures trading highlights its commitment to leveraging advanced technology. HKATS provides real-time market data, efficient order execution, and robust risk management tools. While specific mobile applications or additional electronic trading tools are not explicitly mentioned, the integration of HKATS suggests a technologically capable trading environment.

Feature

Description

Trading Platform

Hong Kong Automatic Trading System (HKATS) for futures

Market Access

Hong Kong and overseas securities, futures, bonds, funds

Order Execution

Real-time, electronic, efficient

Additional Features

Margin financing, short-selling, IPO underwriting, research

Fee Structure

Specific details regarding deposit fees, withdrawal fees, inactivity fees, commissions, and other charges are not publicly available. However, as a Hong Kong-regulated brokerage, First Shanghai likely adheres to standard fee structures governed by the Securities and Futures Commission. Clients can expect transparent and market-aligned fees, although direct inquiries may be necessary for precise figures.

Fee Type

Details

Notes

Deposit Fees

Not publicly disclosed

Typically minimal or waived in Hong Kong brokers

Withdrawal Fees

Not publicly disclosed

May vary depending on method and currency

Commission

Not publicly disclosed

Competitive rates expected, aligned with market norms

Inactivity Fees

Not publicly disclosed

Unlikely for active brokerage accounts

User Experience and Market Reputation

 

The reputation of First Shanghai as an outstanding and professional Financial Services Provider continues to flourish through its long history and diverse business model (being both an Emit and a Direct Market Access brokerage), and it is perceived as a stable and trustworthy entity. No customer reviews have ever been published, so direct customer reviews are currently unavailable; however, the continued existence of First Shanghai as a reputable financial services provider, along with its regulatory compliance, establishes the company's credibility.

The benefit to clients is that First Shanghai combines Brokerage, Asset Management, and Corporate Finance expertise into a single integrated solution. However, First Shanghai lacks publicly available information on its Trading Conditions and fee structure; as a result, some potential clients may have difficulty obtaining upfront clarity on these topics.

The strengths of First Shanghai arise from its extensive Market Experience, Comprehensive Product Portfolio, and Strong Regional Presence.

Developments in 2025

As of March 28, 2025, First Shanghai has maintained its history of transparency and Corporate Governance by releasing FY2024 results. First, Shanghai has also scheduled its Annual General Meeting for April 17, 2025, indicating ongoing active management and compliance with public company requirements. There have been no significant structural changes and/or new products made since the previous year; First Shanghai remains focused on operational excellence.

Summary

First Shanghai Investments Limited is an established institution in the Hong Kong Financial Services industry and the result of a combination of an extended history and a diversified Business Model. First Shanghai provides a Comprehensive range of Financial Services, including Brokerage, Futures Trading, and Corporate Finance Advisory, and is focused on serving a diverse client base with diversified needs. First Shanghai is backed by strong Regulatory Compliance and Safe Trading Platform (HKATS), balancing Tradition with Innovation.

Although First Shanghai does not publicly publish detailed information on Fees and Trading Conditions, it has earned its reputation for providing Professional and Ethical services. Therefore, for Investors or Companies looking for an experienced, Professional Partner with a long history in Hong Kong and Mainland China, First Shanghai offers an attractive blend of Experience, Expertise, and Comprehensive Financial Solutions.

 

Website archive
Captured

Website snapshots

5 full-page captures of First Shanghai's own site, archived so what they said can still be read after the pages change.

5 pages
Homepage
About Us — Background
Financial Services
Corporate Governance
Contact Us
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check

Regulatory Licenses

First Shanghai is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

0 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Securities and Futures Commission AGK583

Recorded from the firm's own disclosure. Not yet checked against the register.

Jurisdiction
Hong Kong
Authority strength
Tier 1
Licence type
Dealing in futures contracts
Not yet checked on the register

Client protection under this licence

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeSFC Complaints / FDRC
  • Maximum leverage1:13

These are the rules SFC sets for the firms it licenses. They are not a statement about how First Shanghai applies them, or about which of its companies would hold your account.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

Deposits & withdrawals

Funding Methods

7 ways to fund an account. The costliest way in is CHATS Transfer Withdrawal at HKD 150.

7 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank TransferBank Transfer1Not recordedNot recordedNot recordedNot recordedNot recordedUp to 10 days
Cheque DepositOther1Not recordedNot recordedNot recordedNot recordedNot recordedUp to 10 days
Crossed Cheque WithdrawalOther2Not recordedFreeNot recordedNot recordedNot recordedUp to 3 days
E-transfer WithdrawalOther2Not recordedFreeNot recordedNot recordedHKD 1,000,000Up to 3 days
CHATS Transfer WithdrawalWire Transfer
Additional bank charges may apply. Withdrawals to client's own bank account only.
HKD 150HKD 200Not recordedNot recordedNot recordedUp to 24 hours
Telegraphic Transfer (TT) WithdrawalWire Transfer
Beneficiary bank confirmation required for overseas withdrawals. Additional bank charges may apply.
Not recordedHKD 300Not recordedNot recordedNot recordedUp to 24 hours
Physical Scrip WithdrawalOtherAdditional HKD 5 fee per lot applies on top of instruction fee.Not recordedHKD 100Not recordedNot recordedNot recordedNot recorded

Broker's notes on these methods

  1. Deposits only in HKD. Deposits from non-trade sources subject to 10-business day holding period before withdrawal. · applies to 2 methods
  2. Withdrawals made to client's designated local bank account only; third-party withdrawals not accepted. · applies to 2 methods
Fees, limits and processing times as published by First Shanghai, recorded by Wikilix.
Websites

Global Domains

One domain on record. All active and served over HTTPS.

1 domain
  • www.firstshanghai.com.hk/enMain siteActiveHTTPS
Domains recorded by Wikilix. Only a domain listed here is known to belong to this broker.
Legal entities

Corporate Network

One legal entity behind the First Shanghai brand.

1 entity
  • FIRST SHANGHAI FUTURES LIMITEDActiveHong KongRegistration 0732166Established Sep 22, 2000
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Frequently Asked Questions

Frequently Asked Questions

Common questions about First Shanghai

Most Popular Questions
Yes, First Shanghai prohibits clients from the USA, North Korea, Iran, and other sanctioned countries from trading. The broker primarily serves clients in Hong Kong, the Asia-Pacific region, and some global clients.
First Shanghai offers customer support via phone and live chat during business hours. Support is available in English, and the broker provides contact phone numbers and a Facebook page for additional communication.
First Shanghai Futures Limited offers a maximum leverage of 1000, which allows traders to control larger positions with a smaller amount of capital.
First Shanghai supports deposits via bank transfer and cheque deposits, both accepted only in Hong Kong dollars (HKD). Withdrawals can be made via crossed cheque, e-transfer, CHATS transfer, telegraphic transfer, and physical scrip, with varying processing times and fees.
According to WIKILIX data, First Shanghai Futures Limited offers trading in forex, stocks, derivatives, securities, and futures. This range covers multiple asset classes suitable for diverse trading strategies.
First Shanghai Futures Limited is regulated by the Securities and Futures Commission (SFC) of Hong Kong, a tier 1 global regulator. The broker holds a license for dealing in futures contracts and complies with strict fund segregation rules, although there is no mandatory client fund insurance.
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