Overall Score75 / 100The Wikilix trust rating of WOCOM, out of 100, built from the five factors below.It holds a valid SFC ACL076 licence and 3 more, and our investigation found it appears legitimate.Regulation93%Identity98%Client terms59%Trading offer44%Service71%Score last calculated 2026/10/29
Good65 to 79. A solid record with minor gaps and no stop sign.Why: It holds a valid SFC ACL076 licence and 3 more, and our investigation found it appears legitimate.
75 out of 100 · 82% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds a valid SFC ACL076 licence and 3 more, and our investigation found it appears legitimate.
We checked WOCOM on 2026-10-29 across its regulation, company record, client terms, trading offer and service, and could verify 82% of its record. Its strongest valid licence is SFC ACL076, with 3 more valid. The score of 75 is what the checked record adds up to; nothing held it down. What would move the score: licence held by the onboarding entity, withdrawal rails, all-in eurusd cost. Our published investigation found it appears legitimate, with 31.5 years of track record. Its client terms carry moderate risk, with 1 critical clause.
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
98out of 100
Excellent
Counts for 15% of the score100% checked
What we checked
Registry-verified entity100
Company registration verified on the registry · Oct 29, 2026Source
Verified age100
Verified track record 31.5 years · Oct 29, 2026
Transparency90
Scam check identity transparency 1/10 · Oct 29, 2026
Site integrity100
Website reachable and not redirecting · Oct 29, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
59out of 100
Fair
Counts for 15% of the score87% checked
What we checked
Policy risk55
Policy risk score 4.5/10 · Oct 29, 2026
Critical clauses80
1 critical clause(s) · Oct 29, 2026
Withdrawal rails0
6 rail(s): 0 fee-free of 0 known, 0 instant of 6 known, minimum unknown · Oct 29, 2026Source
Language parity85
1 contradiction(s) between language versions · Oct 29, 2026
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
44out of 100
Poor
Counts for 20% of the score40% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account type0
0 of 18 pricing cells filled across 6 account type(s) · Oct 29, 2026Source
Instrument breadthNot checked yet
No instrument counts known
Platforms95
1 platform(s) (Proprietary platform), web, mobile · Oct 29, 2026Source
Leverage vs regulated capNot checked yet
Maximum leverage unknown
Minimum depositNot checked yet
Minimum deposit unknown
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
71out of 100
Good
Counts for 15% of the score90% checked
What we checked
Fund-integrity complaints80
Scam check withdrawal complaints 2/10 · Oct 29, 2026
Support channels67
4 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Oct 29, 2026
Reputation footprint70
Scam check reputation 3/10 · Oct 29, 2026
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What WOCOM legally published, but does not want you to read
Wikilix contract reading ·
Moderate contract risk
Wocom's online trading risk statement puts every loss from someone else using your login on you. The platform's disclaimer also excludes Wocom's liability for any trade placed there and any system failure. Wocom lists five client agreements on its website but publishes none of them, so you cannot read the contract online. An idle account pays HK$100 every six months, and withdrawal transfer fees have no published price.
1Critical clausesClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
12Clauses flaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15Documents readHow many of the broker’s own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
4.5/10Contract riskHow far this contract goes overall, from 0 to 10. 3 to 5 means real costs a client should know about; 6 to 8 means several clauses put money already earned at risk.
What Wikilix has recorded about WOCOM: its history, the licences it holds, its trading conditions and its fees.
WOCOM Broker Overview
WOCOM (Wocom Group) is a Hong Kong brokerage group and part of the Wing On Group. According to its website, Wocom started in the 1970s as a branch of an international commodities trading house and was acquired by the Wing On Group in 1986. It runs separate Hong Kong companies for securities, futures, forex and investment management, and its products range from Hong Kong and China Connect equities, IPOs and stock options to foreign stocks, unit trusts, futures and forex. Clients trade through WOCOM's own web and mobile service, and accounts are opened in person at its office in Central, Hong Kong.
WOCOM Regulation and License
WOCOM's website states that four of its Hong Kong companies are licensed by the Securities and Futures Commission (SFC), each for its own regulated activity:
Wocom Foreign Exchange Co. Limited, CE number ACL076, leveraged foreign exchange trading (RA-3)
Wocom Limited, CE number AAH843, dealing in futures contracts (RA-2); the website also describes it as an Exchange Participant of the Hong Kong Futures Exchange
Wocom Securities Limited, CE number AAC230, dealing in securities (RA-1); described as an Exchange Participant of the Stock Exchange of Hong Kong
Wocom Investment Management Limited, CE number AAG705, advising on securities and asset management (RA-4 and RA-9)
These licence details are WOCOM's own statements, and each CE number can be looked up on the SFC's public register of licensed persons.
Is WOCOM Regulated?
WOCOM says it is regulated in Hong Kong: every licence it lists is an SFC licence held by one of its Hong Kong companies. Which company, and so which licence, applies to a client depends on the account, as set out under account types below.
Is WOCOM Safe?
WOCOM is an established Hong Kong group by its own account, with published SFC licence numbers and in-person account opening, but a licence is no guarantee of safety and several important terms are not public. Its Cash, Margin Trading, Futures Trading, Foreign Exchange Trading and Options Trading Client Agreements are listed on its Download page by title only, and the pages describing its licences say nothing about investor compensation or how client money is held.
WOCOM also warns that fraudulent mobile trading platforms have used its name. It tells clients to download its app only through its official website, , and to pay only into the designated bank accounts listed there, never into personal or third-party accounts.
WOCOM Account Types
WOCOM offers individual, joint and company accounts, and its opening forms offer cash, margin, futures and options accounts. Each product is held by a different company: the Securities and Stock Options Account by Wocom Securities Limited (funded in HKD, USD or RMB), the Futures Account by Wocom Limited (HKD, USD or RMB) and the Forex Account by Wocom Foreign Exchange Co. Limited (HKD or USD).
Accounts cannot be opened online: applicants book an appointment with WOCOM's staff, complete the forms and submit the originals at its registered office, and the online trading service needs a separate application. The individual and joint opening form requires applicants to declare that they are not US citizens or residents for tax purposes. WOCOM publishes no minimum deposit and no maximum leverage for any account.
One statement on the site conflicts with this range: WOCOM's fraud alert says it only provides Hong Kong and A-share trading services, while its deposits page, opening forms and Download page list futures and forex accounts and agreements. The site does not reconcile the two.
WOCOM Spreads, Commissions and Fees
WOCOM's fee schedule for Hong Kong securities, effective 30 June 2025, sets a negotiable commission with a minimum of HK$125 per transaction, and a minimum of CNY125 per transaction for China Stock Connect trades, plus exchange levies, trading fees and stamp duty at the published rates. Fees for futures, options, overseas markets and other products are given on request by its Credit Control and Client Administration Department rather than published.
WOCOM Trading Platforms
WOCOM's own online service, WOCOM Online Trading, is available through a web login at itrade.wocom.com.hk and through mobile apps for Android and iPhone that its website links to on Google Play and the App Store. It runs Monday to Friday, excluding public holidays, from 8:30 a.m. to 9:30 p.m. WOCOM presents it as an online stock trading service: its website names no online platform for the futures or forex accounts, and no MetaTrader or cTrader platform.
WOCOM Deposits and Withdrawals
Deposits are accepted only into WOCOM's designated bank accounts: by bank transfer or cheque for every account, by FPS or PPS for the Securities and Stock Options Account, and by telegraphic transfer through Hang Seng Bank or Bank of China (Hong Kong) for overseas clients. FPS, bank transfer and cheque deposits made before 4:00 pm on a trading day are credited the same day, PPS deposits before 7:00 pm, and telegraphic transfers normally take 2 to 3 working days. Cash deposits are discouraged and may be rejected, and third-party deposits may be returned.
Withdrawals are requested on a Fund Withdrawal Form and paid by cheque, by CHATS to a bank in Hong Kong or by telegraphic transfer, always to the client's own account. Instructions received before 11:00am on a business day are processed that day and later ones on the next working day. CHATS and telegraphic transfer withdrawals carry a handling fee whose amount is not published, and no card, e-wallet or cryptocurrency option is listed.
WOCOM Support
WOCOM's office at Room 1002 Wing On Centre, 111 Connaught Road Central, Hong Kong, is open 9:00am to 6:00pm Monday to Friday and closed on weekends and public holidays. Clients can call (852) 2853-0111, message (852) 5616-0672 on WhatsApp, fax (852) 2854-3822 or email cs@wocom.com.hk, and the website is available in English and Chinese.
WOCOM Pros and Cons
Strengths:
Hong Kong group dating, by its own account, from the 1970s and part of the Wing On Group since 1986
An SFC CE number published for each of its four licensed companies
Broad Hong Kong product range, from securities and China Connect to futures and forex
Same-day crediting for FPS, PPS, bank transfer and cheque deposits made before the daily cut-off
Limitations:
No minimum deposit, leverage, or fees for futures and other products published
Client agreements not available online
Accounts opened in person only, and not available to US citizens or residents
Handling fees on CHATS and telegraphic transfer withdrawals not quantified
Conflicting statements on whether futures and forex trading is offered
WOCOM Review and Assessment
WOCOM suits clients who want a traditional Hong Kong broker for Hong Kong and China Connect equities, with an in-person relationship and futures and forex accounts alongside. Its SFC licence numbers are published and easy to check, but its pricing beyond Hong Kong equities, its leverage terms and its client agreements are not, so the most important step before funding an account is to obtain the agreement and fee terms for that specific account.
Website archive
Captured
Website snapshots
8 full-page captures of WOCOM's own site, archived so what they said can still be read after the pages change.
WOCOM holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.
4 of 4 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
4
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
4
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
4
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The strongest of 4 licences on file
Licence Verification Record
Securities and Futures CommissionACL076
Wikilix read the SFC register on Oct 29, 2026. This is what it said.
Jurisdiction
Hong Kong
Authority strength
Tier 1
Licence type
Market Making(MM)
Register status
Active
Effective
Apr 1, 2003
Shown on the WOCOM website
Shown
Checked Oct 29, 2026
What our check found
Type 3 (leveraged foreign exchange trading) licence held by Wocom Foreign Exchange Co. Limited 宏高金融有限公司. Since 24November 2004 it may not offer discretionary account services for Type 3. The register lists www.wocom.com.hk and Room 1002 Wing On Centre. Client protection: Strong supervision by a top-tier regulator, including capital, conduct and client-money rules. Over-the-counter leveraged FX is outside the Investor Compensation Fund, which covers exchange-traded products. Effective: 01 Apr 2003.
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 WOCOM 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.
Securities and Stock Options AccountStocks · Invest
—Not recorded
—Not recorded
—Not recorded
Futures AccountStandard
—Not recorded
—Not recorded
—Not recorded
Forex AccountStandard
—Not recorded
—Not recorded
—Not recorded
Client acceptance
Country availability
Where WOCOM says it will and won't take clients
8 countries
1
Confirmed blocked
Named in the broker's own terms
USUnited States
6
Covered by a parent block
Territories a blocked country carries with it
ASAmerican SamoaGUGuamMPNorthern Mariana IslandsPRPuerto RicoUMUnited States Minor Outlying IslandsVIVirgin Islands (U.S.)
1
Explicitly accepted
Named as accepted — not a full list of served markets
HKHong Kong
How we know — 8 sources
1United States: WOCOM's individual and joint account opening form (Account Opening Information Statement, Declaration item 1) requires every applicant to confirm 'I am not/we are not citizen(s) or resident(s) in the US for tax purposes' (https://wocom.com.hk/wp-content/uploads/2022/09/Account-Opening-Information-Statement-Individual.pdf).
2The company and partnership form carries the matching declaration that the applicant 'is not a Specified U.S. Person or a Passive Non-Financial Foreign Entity that has controlling persons that are U.S. citizen(s) or resident(s) in the U.S.' under FATCA (https://wocom.com.hk/wp-content/uploads/2022/09/Account-Opening-Information-Statement-Company.pdf, Declaration item 1).
3American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, the US Minor Outlying Islands and the US Virgin Islands are not named by WOCOM; they are recorded as dependent territories covered by the United States exclusion.
4Hong Kong: the account opening forms are built for Hong Kong clients, with an HKID card field, the tax-residence option 'I hold Hong Kong tax residence only', and a separate document list 'For corporate client incorporated or registered in Hong Kong' (https://wocom.com.hk/account-opening/).
5Overseas clients are also catered for ('Telegraphic Transfer (applicable to overseas clients)' on https://wocom.com.hk/deposits/; 'For corporate client incorporated or registered overseas' on https://wocom.com.hk/account-opening/), but no list of accepted countries is published and nationality and residence are free-text fields on the forms, so no other country is recorded as accepted.
6Accounts are opened in person only: 'We do not offer online account opening services. If investors wish to open an investment account with us or use our online trading services, they must make an appointment with our staff, fill out the necessary forms, and submit the original copy to our registered office for processing.' (https://wocom.com.hk/fraud-alert-click-here-e2-9d-97/).
7The website terms of use on https://wocom.com.hk/disclaimer/ state only that the pages are not an offer or solicitation 'in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction'; no country is named there, and the site publishes no restricted-countries page.
8The Cash, Margin Trading, Futures Trading, Foreign Exchange Trading and Options Trading client agreements are listed by name on https://wocom.com.hk/download/ but are not published online, so any country terms they contain are not public.
Deposits & withdrawals
Funding Methods
6 ways to fund an account.
6 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Faster Payment System (FPS)Bank TransferDeposit only: withdrawals are made by cheque, CHATS or telegraphic transfer on the Fund Withdrawal Form. Applies to the Securities and Stock Options Account only; payee Wocom Securities Limited; transfer mode: mobile number, to the FPS number shown on the broker's deposits page. Enter the 5-digit Wocom account number (7xxxx) in the Reference field; no deposit notification is required. Deposits made before 4:00 pm on trading days (Monday to Friday) are processed and credited the same day; the page does not say when later deposits are credited. No fee and no minimum or maximum amount is published. The deposits page says cash deposits are not encouraged and may be rejected, deposits identified as third-party may be returned, and clients bear all bank charges.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 1 day
Payment by Phone Service (PPS)Bank TransferDeposit only: withdrawals are made by cheque, CHATS or telegraphic transfer on the Fund Withdrawal Form. Applies to the Securities and Stock Options Account only; payee Wocom Securities Limited. Pay with the PPS merchant code shown on the broker's deposits page and the client's 8-digit Payment Number, printed at the top right of the Statement of Account; no deposit notification is required. Deposits made before 7:00 pm on trading days (Monday to Friday) are processed and credited the same day. No fee and no minimum or maximum amount is published.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 1 day
Bank Transfer and Cheque DepositBank TransferDeposit only: withdrawals are made by cheque, CHATS or telegraphic transfer on the Fund Withdrawal Form. Covers online banking, bank counter, ATM and cheque deposit machine, and applies to the Securities, Stock Options, Futures and Forex accounts. The deposits page lists designated bank accounts per account: Securities and Stock Options Account (payee Wocom Securities Limited) in HKD at Hang Seng Bank, Bank of China and Dah Sing Bank, in USD at Hang Seng Bank and in RMB at Hang Seng Bank and Bank of China; Futures Account (payee Wocom Limited) in HKD, USD and RMB at Hang Seng Bank; Forex Account (payee Wocom Foreign Exchange Co. Limited) in HKD and USD at Hang Seng Bank. Bank transfer: send the signed deposit advice and the 5-digit Wocom account number, plus proof that the paying account is in the client's own name if it is not the bank account registered with Wocom. Cheque: send a copy of the cheque showing the issuer's name, with the deposit advice. Documents go to Wocom by WhatsApp, the customer service hotline, fax or email as listed on the page. Deposits made before 4:00 pm on trading days (Monday to Friday) are processed and credited the same day. Cash deposits (bank counter, cash deposit machine, deposit-friendly ATM) are not encouraged and may be rejected; deposits identified as third-party may be returned; clients bear all bank charges, and Wocom is not responsible for the costs of returning funds. No deposit fee or minimum is published. The Hong Kong securities fee schedule (commission and fees page, effective 30 June 2025) charges HK$200 for a returned cheque.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 1 day
Telegraphic TransferWire TransferDeposits (deposits page, 'applicable to overseas clients'): to Hang Seng Bank Limited (SWIFT HASEHKHH) or Bank of China (Hong Kong) Limited (SWIFT BKCHHKHH); 'Normally it will take 2-3 working days for telegraphic transfer, the actual arrival time is subjected to the bank.' Withdrawals (Fund Withdrawal Form, payment method 'T/T'): remark 2 says a handling fee is charged; the amount is not published, and the client chooses whether it is deducted from the account or from the withdrawal amount. For an overseas remittance the client must send a passport copy and bank proof from the last 3 months showing the account holder and account number, from the registered email or by post, and give the SWIFT code, IBAN and bank address (remark 5). The beneficiary must be the client (remark 3). Withdrawal cut-off is 11:00am each business day and later instructions are processed the next working day (remark 4); that is the time Wocom takes to process the instruction, not the time the money takes to arrive. Withdrawal currencies on the form: HKD, USD, RMB or others. No deposit fee and no minimum or maximum amount is published; clients bear all bank charges.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 3 days
ChequeOtherWithdrawal only, requested on the Fund Withdrawal Form (payment method 'Cheque'; delivery by hand, by registered post or deposit to designated account). The account opening form says that, unless the client instructs otherwise, all withdrawals are credited to the designated bank account given at account opening. The beneficiary must be the client (remark 3). Withdrawal cut-off is 11:00am each business day and later instructions are processed the next working day (remark 4); that is processing time, not the time the money takes to arrive. Withdrawal currencies on the form: HKD, USD, RMB or others. The form mentions no handling fee for cheques; the Hong Kong securities fee schedule (commission and fees page, effective 30 June 2025) lists HK$300 for a stop-payment on a cheque and HK$100 for copies of a paid cheque. No minimum or maximum amount is published.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 1 day
CHATSBank TransferWithdrawal only, on the Fund Withdrawal Form (payment method 'CHATS', 'For banks in HK only'). Remark 1: 'For CHATS, handling fee will be charged.' The amount is not published; the client chooses whether it is deducted from the account or from the withdrawal amount. The beneficiary must be the client (remark 3). Withdrawal cut-off is 11:00am each business day and later instructions are processed the next working day (remark 4); that is processing time, not the time the money takes to arrive. Withdrawal currencies on the form: HKD, USD, RMB or others. No minimum or maximum amount is published.
—Not recorded
—Not recorded
—Not recorded
—Not recorded/—Not recorded
Up to 1 day
Trading software
Trading Platforms
One trading platform on record: Proprietary platform.
1 platform
PpProprietary platform
Proprietary platform
WOCOM's own electronic trading platform: Online Stock Trading via browser login (WOCOM Online Trading, iTrader) and mobile apps for Android and iPhone. Service hours Mon-Fri 8:30 a.m. to 9:30 p.m., excluding public holidays.
WOCOM warns that people impersonating it have used fraudulent websites, emails and mobile trading platforms carrying its trademarks, and says its official website is , where its mobile platform should be downloaded. It does not open accounts online, and clients should deposit only into the designated bank accounts shown on that website, never into personal or third-party accounts. Suspected impersonation can be checked with WOCOM on (852) 2853-0111, by WhatsApp on (852) 5616-0672 or at cs@wocom.com.hk, and the identity of its licensed representatives can be confirmed on the SFC website.
WOCOM says it began in the 1970s as a branch of an international commodities trading house and was acquired by the Wing On Group in 1986; within that group, Wing On Company International Limited is listed on the Stock Exchange of Hong Kong (stock code 0289). The company holding an account depends on the product: Wocom Securities Limited for the Securities and Stock Options Account, Wocom Limited for the Futures Account and Wocom Foreign Exchange Co. Limited for the Forex Account.
WOCOM's commission on Hong Kong securities is negotiable, with a minimum of HK$125 per transaction, and China Stock Connect trades carry a minimum of CNY125 per transaction, plus exchange levies, trading fees and stamp duty at the published rates. Fees for futures, options, overseas markets and other products are given on request rather than published.
No. WOCOM does not offer online account opening: applicants make an appointment with its staff, complete the forms and submit the originals at its registered office in Hong Kong. It offers individual, joint and company accounts, and using its online trading service requires a separate application for its Electronic Trading Services.
WOCOM offers its own online service, WOCOM Online Trading, through a web login and mobile apps for Android and iPhone that its website links to on Google Play and the App Store. The service runs Monday to Friday, excluding public holidays, from 8:30 a.m. to 9:30 p.m. WOCOM presents it as an online stock trading service, and its website names no MetaTrader or cTrader platform and no online platform for its futures or forex accounts.
Withdrawals are requested on WOCOM's Fund Withdrawal Form and paid by cheque, by CHATS to a bank in Hong Kong or by telegraphic transfer, always to an account in the client's own name. Instructions received before 11:00am on a business day are processed that day and later ones on the next working day; how long the money then takes to arrive depends on the bank channel. A handling fee applies to CHATS and telegraphic transfer withdrawals, but WOCOM does not publish the amount.
WOCOM accepts deposits only into its designated bank accounts: by bank transfer or cheque for every account, by FPS or PPS for the Securities and Stock Options Account, and by telegraphic transfer through Hang Seng Bank or Bank of China (Hong Kong) for overseas clients. FPS, bank transfer and cheque deposits made before 4:00 pm on a trading day are credited the same day, PPS deposits before 7:00 pm, and telegraphic transfers normally take 2 to 3 working days. Cash deposits are discouraged and may be rejected, third-party deposits may be returned, and no card, e-wallet or cryptocurrency option is listed.
WOCOM does not publish a minimum deposit. Its account opening page, deposits page and account opening forms give no minimum for the securities, futures or forex accounts, and no minimum or maximum amount is stated for any deposit method.
Yes. Wocom Group's account opening forms require applicants to declare that they are not US citizens or residents for tax purposes, so US persons cannot open an account. The forms are built for Hong Kong clients, and the broker also caters for overseas clients, for example with telegraphic transfer deposits, but it publishes no list of accepted countries. Accounts are opened in person at its registered office in Hong Kong.
Wocom Group can be reached by phone on (852) 2853-0111, by WhatsApp on (852) 5616-0672, by fax on (852) 2854-3822 and by email at cs@wocom.com.hk. Its office at Room 1002 Wing On Centre, 111 Connaught Road Central, Hong Kong, is open 9:00am to 6:00pm Monday to Friday and closed on Saturdays, Sundays and public holidays. Chat is offered through a WhatsApp button on its website rather than an on-site live chat.
Wocom Group does not publish a maximum leverage. It offers margin financing on Hong Kong securities and has futures and forex accounts, but its account opening, deposits and products pages give no leverage ratio, and its Margin Trading, Futures Trading and Foreign Exchange Trading Client Agreements are listed on its Download page by title only.
Wocom Group's products page lists Hong Kong securities with margin financing, China Connect, IPOs, stock options, foreign stocks, unit trusts, local and foreign futures, and forex, and its deposits page has separate Securities and Stock Options, Futures and Forex accounts. However, the broker's fraud alert states that it only provides Hong Kong and A-share trading services, and the site does not reconcile the two statements.
Wocom Group states that four of its Hong Kong companies are licensed by the Securities and Futures Commission (SFC): Wocom Foreign Exchange Co. Limited (CE number ACL076, leveraged foreign exchange trading), Wocom Limited (AAH843, dealing in futures contracts), Wocom Securities Limited (AAC230, dealing in securities) and Wocom Investment Management Limited (AAG705, advising on securities and asset management). Every licence it lists is a Hong Kong SFC licence, and each CE number can be looked up on the SFC's public register of licensed persons.
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