BrokAIr Reviews

Ascot Securities Review

"Ascot Securities could be the best online brokerage for some investors - but it also might not be the best choice for everyone. Is Ascot Securities really the right choice for you?"

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Overview of Ascot Securities

Ascot Securities is an online brokerage founded in 2001. The company is based in Hong Kong and offers a wide range of services, including stock and derivatives trading, asset management, and financial advisory. Ascot Securities has been one of the leading online brokerages in Hong Kong and is known for its excellent customer service, competitive fees, and trading platform features. Ascot Securities is regulated by the Securities and Futures Commission (SFC) of Hong Kong. The company's founders are Kirk Wong and Richard Leung. Ascot Securities has grown over the years to become one of the most respected online brokers in the region. The company has a variety of services that clients can take advantage of, including margin trading, options trading, investment research, and asset management. Ascot Securities also offers integrated order execution tools which help traders place orders quickly and easily. The public opinion of Ascot Securities is generally positive. Many customers praise the company for its reliable customer service and competitive fees. Additionally, Ascot Securities has been praised for its comprehensive education center which provides helpful resources for new traders. In 2017, Ascot Securities launched a new mobile app which was designed to make online trading more accessible to users on the go. This app was well-received by customers who found it easy to use and feature-rich. In 2018, Ascot Securities was fined by the SFC for failing to ensure proper internal control measures were in place. The company was required to pay a fine of HKD$8 million as a result of this incident. Overall, Ascot Securities is a reputable online broker that offers a wide range of services and features. The company is well-regulated by the SFC, providing clients with peace of mind that their funds are safe and secure. Although there have been some issues with the company’s internal control measures in the past, customers continue to praise Ascot Securities for its customer service, competitive fees, and trading platform features.