Foreign Exchange Margin

Wing Lung Bank Foreign Exchange Margin Trading services offer you a reliable and flexible way to invest in foreign currencies.

Advantages

  • Provide foreign exchange leveraged trading up to 14 times of the margin deposit.
  • You can invest in 8 major currencies against USD and 21 different cross-currency combinations.
  • Transactions can be conducted by Wing Lung Phone Banking Services using your account number and password to ensure privacy and confidentiality.
  • You can transfer USD deposits to your Foreign Exchange Margin Trading Settlement Account from either your foreign currencies combination savings account or HKD savings account through Wing Lung Phone Banking Services or Wing Lung NET Banking Services.
  • To allow greater flexibility, you can ignore the first in, first out set off in squaring the open positions in the same currency.
  • Conditional order services are provided for you to maximize your profit and reduce investment risk.
  • No transaction commission is charged.
  • The spread quoted is very competitive.
  • Long trading hour enables you to seize every investment opportunity.
  • The interest rate differentials of different currencies are based on inter-bank market.
  • Credit or debit balances of all transactions are consolidated in a single account to facilitate convenient fund transfer.
  • Detailed confirmation and statement are issued within 2 working days after each transaction for reconciliation.
  • Daily foreign exchange market commentary is available on our Wing Lung Bank website www.winglungbank.com.

Trading Hours

Monday to Friday: 8:00am to 3:30am of the following day (or to 2:30am during New York Summer time)

Saturday and Sunday: Closed

*Trading hours for public holidays in Hong Kong and other major financial centers will be announced in separate notice.
Account opening procedure:

Customers aged 18 or above can open a Foreign Exchange Margin Trading Settlement Account in any of our branches with a deposit of USD 5,000 (or equivalent) after fulfilling certain requirements. The procedures are simple and convenient.

Contract Size For Each Currency Combination

Currency Contract Lot Size*
AUD/USD; AUD/HKD; AUD/JPY AUD 50,000
USD/CAD; CAD/HKD CAD 50,000
USD/CHF; CHF/HKD CHF 50,000
EUR/USD; EUR/HKD; EUR/JPY; EUR/CHF; EUR/GBP EUR 25,000
GBP/USD; GBP/HKD; GBP/JPY GBP 25,000
USD/JPY; JPY/HKD JPY 5,000,000
NZD/USD; NZD/HKD; NZD/JPY NZD 50,000
USD/CNH USD 100,000
HKD/CNH HKD 1,000,000
EUR/CNH EUR 100,000
JPY/CNH JPY 10,000,000
GBP/CNH GBP 100,000
AUD/CNH AUD 100,000
CAD/CNH CAD 100,0000
NZD/CNH NZD 100,000
CHF/CNH CHF 100,000

*Minimum trading size is 1 lot

For Any Enquiry, Please Call our Hotline: 230 95555

To borrow or not to borrow? Borrow only if you can repay!

Important Notice:

This is an investment product and some may involve derivatives. The investment decision is yours but you should not invest in the investment fund unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.

Risk Disclosure in respect of "Foreign Exchange Margin Trading Services"

Foreign exchange margin trading is not equivalent to time deposits and is not principal-protected.

Foreign Exchange Margin Trading Settlement Account is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.

Risk of Leverage Trading

The risk involved in leveraged foreign exchange trading can be substantial. You may sustain losses in excess of your margin funds. Placing contingent orders such as stop-loss orders may not necessarily limit losses to the intended amounts. Market conditions may render it impossible to execute such orders. You may be requested at short notice to deposit additional margin funds. If the required funds are not provided within the prescribed time, your position may be liquidated by the Bank, and you will remain liable for the resulting deficit in your account. You should therefore carefully consider whether such trading is suitable in light of your own financial position and investment objectives.

Risk of RMB

Renminbi (RMB) is subject to foreign exchange control by the PRC government. RMB Margin Trading Contract involves Offshore Renminbi (CNH), you are subject to the currency risk of CNH.

Credit Risk

Wing Lung Bank (the "Bank") is the responsible entity of this product. If the Bank becomes insolvent or goes into liquidation, you may lose your entire investment irrespective of the performance of the price and the terms of the FX Contract Trading.

Investment Risk

Foreign exchange rate may fluctuate or even become worthless. Losses may be incurred rather than making a profit as a result of trading in foreign exchange. Investment involves risks. You should carefully and independently consider whether the currencies are suitable for you in light of your investment experience, objectives, financial position and risk profile. Independent professional advice should be obtained if necessary. Please comprehend and assess the risk of trading foreign exchange before making any investment decision. Should there be any amendments to the terms and conditions of this scheme, the latest release of the Bank shall prevail. Please read the relevant terms and conditions, investment products subscription rules, together with the risk disclosure statements in the General Conditions for Accounts and Services before making any investment decisions.

According to the Personal Data (Privacy) Ordinance, you may, at any time and without charge, choose not to receive our future promotional mailings. Please inform us in writing in case of such a request to the Data Protection Officer. (Address: The Data Protection Officer, Wing Lung Bank Limited, 45 Des Voeux Road Central, Hong Kong. Fax No: 2782 3895).

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