Global Broker Regulation Inquiry App
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Exceeded
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Head & Shoulders
Hong Kong
|
Above 20 years
|
Regulated in Hong Kong
|
Dealing in securities
|
Self-developed
|
Suspicious Scope of Business
|
Suspicious Overrun
|
Medium potential risk
https://hnsfg.com/en/index.php
Website
Rating Index
Contact
+852 3103-8388
info@headandshoulders.com.hk
https://hnsfg.com/en/index.php
28-29/F Queen's Road Centre 152 Queen's Road Central Hong Kong
Licenses
Licensed Entity：Head & Shoulders Securities Limited
License No. AFS455
Keywords 7
Above 20 years
Regulated in Hong Kong
Dealing in securities
Self-developed
Suspicious Scope of Business
Suspicious Overrun
Medium potential risk
WikiFX Risk Alerts
2025-10-30
- This broker exceeds the business scope regulated by China Hong Kong SFC(license number: AFS455)SFC-Dealing in securities Non-Forex License. Please be aware of the risk!
Basic Information
Registered Region Hong Kong
Hong KongOperating Period
Above 20 years
Company Name
Head & Shoulders Financial Group
Abbreviation
Head & Shoulders
Company employee
--
Customer Service Email Address
info@headandshoulders.com.hk
Contact Number
+85231038388
Company Website
Company Address
28-29/F Queen's Road Centre 152 Queen's Road Central Hong Kong
Website
Genealogy
Relevant Enterprises
Company Summary
Wiki Q&A
Comment
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Website
hnsfg.com
202.181.134.160
Server Location
Hong KongICP registration
--
Most visited countries/areas
--
Domain Effective Date
2013-08-23
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
Head & Shoulders Financial Group (Holdings) Limited(Hong Kong)
Active
Hong Kong
Registration No.
F0021952
Established
2004-12-23
HEAD & SHOULDERS SECURITIES LIMITED(Hong Kong)
Active
Hong Kong
Registration No.
0698023
Established
1999-12-15
Company Summary
| Head & Shoulders Review Summary | |
| Founded | 1970 |
| Registered Country/Region | Hong Kong |
| Regulation | SFC (Exceeded) |
| Trading Products | Securities, stocks, derivatives, bonds, ETFs, REITs |
| Demo Account | ❌ |
| Trading Platform | Online Trading Platform, AAStocks Real-time Quote, iOS Trading App, Android Trading App, eBrokerKey |
| Minimum Deposit | / |
| Customer Support | General tel: +852 3103-8388 |
| CS hotline: +852 3103-8386 | |
| Fax: +852 3103-8399 | |
| Email: info@headandshoulders.com.hk | |
Head & Shoulders Information
Head & Shoulders Securities Limited, incorporated in 1970 in Hong Kong, is regulated by the Securities and Futures Commission (SFC) under license AFS455, however its current licensing status is “Exceeded.” It provides securities trading and margin financing services for equities, derivatives, bonds, ETFs, and REITs, but does not offer demo or Islamic accounts.
Pros and Cons
| Pros | Cons |
| Long-established (since 1970) | License status currently “Exceeded” |
| Wide product range: stocks, derivatives, ETFs, REITs | No demo account, no Islamic account |
| Multiple trading platforms (web, mobile) | Minimum deposit not clearly mentioned |
Is Head & Shoulders Legit?
Head & Shoulders Securities Limited is a licensed entity controlled by the Securities and Futures Commission of Hong Kong with license number AFS455 for “Dealing in Securities.” However, the current license status is displayed as Exceeded.
What Can I Trade on Head & Shoulders?
Head & Shoulders Securities Limited offers securities trading and margin financing services, covering stocks, derivatives, bonds, ETFs, and REITs.
| Trading Products | Supported |
| Stocks | ✔ |
| Derivatives (warrants, CBBC) | ✔ |
| Bonds (incl. inflation-linked) | ✔ |
| ETFs | ✔ |
| REITs | ✔ |
| Forex | × |
| Commodities | × |
| Indices | × |
| Cryptocurrencies | × |
| Options | × |
Account Type
Head & Shoulders Securities Limited provides two types of live accounts — cash and margin — to individual and business clients. They do not provide demo or Islamic accounts. Cash accounts are ideal for conservative or inexperienced traders, whilst margin accounts are ideal for experienced traders looking for leverage.
| Account Type | Suitable for |
| Individual Cash Account | Beginners or investors wanting to trade without leverage |
| Individual Margin Account | Experienced traders looking to trade on margin (with leverage) |
| Corporate Cash Account | Companies wanting to trade securities without using leverage |
| Corporate Margin Account | Companies seeking margin financing and leveraged trading |
Head & Shoulders Fees
Head & Shoulders Securities Limited imposes costs that are comparable to or somewhat more than certain industry competitors.
| Fee Type | Details |
| Internet Orders | Favorable rates, min. HK$50 |
| Phone Orders | Favorable rates, min. HK$50 |
| Settlement Instruction (SI) | 0.25% of value, min. HK$500 |
| Investor Settlement (ISI) | 0.25% of value |
| Stamp Duty | HK$1 per HK$1,000 of transaction |
| Transaction Levy (SFC) | 0.0027% of transaction amount |
| Transaction Levy (FRC) | 0.00015% of transaction amount |
| Trading Fee (HKEX) | 0.00565% of transaction amount |
| Clearing Fee (HKSCC) | 0.002% of transaction amount, min. HK$5 |
| Physical Stock Deposit | HK$5 per lot (transfer deed stamp duty) |
| Physical Stock Withdrawal | HK$6 per lot |
| Cash Dividend Handling | 0.5% of dividend amount, min. HK$10 |
| Scrip Fee | HK$2.5 per lot (first time) |
| New Issues Handling Fee | HK$50 |
Trading Platform
| Trading Platform | Supported | Devices |
| Online Trading Platform | ✔ | Web |
| AAStocks Real-time Quote | ✔ | Web, Mobile App |
| iOS Trading App | ✔ | iOS |
| Android Trading App (APK) | ✔ | Android |
| eBrokerKey (iOS) | ✔ | iOS |
| eBrokerKey (Android) | ✔ | Android |
Deposit and Withdrawal
Head & Shoulders Securities Limited does not openly impose deposit or withdrawal fee. The minimum deposit amount is not clearly defined.
| Payment Options | Minimum Amount | Fees | Processing Time |
| Bank Transfer (Deposit) | / | / | Same business day if notified before 3:00 pm; otherwise next business day |
| Bank Transfer (Withdrawal) | 1–2 days if notified before 11:00 am; otherwise next business day |
Keywords
- Above 20 years
- Regulated in Hong Kong
- Dealing in securities
- Self-developed
- Suspicious Scope of Business
- Suspicious Overrun
- Medium potential risk
Wiki Q&A
sweetosh 
1-2 years
Is Head & Shoulders safe to trade with?
Head & Shoulders is licensed by the SFC, but the “Exceeded” status of its license significantly diminishes its credibility as a regulated entity. For any trader, especially those who are concerned about the safety of their funds, knowing that a broker’s regulatory license is no longer valid is a red flag. While the broker has operated for decades, the lack of up-to-date regulatory supervision makes me hesitant to trade with them. In my opinion, it’s better to opt for a broker whose regulatory status is current and recognized globally.
Broker Issues
Regulation
08-10
United States
DoreenVanDenHeever
1-2 years
Is Head & Shoulders regulated?
Head & Shoulders Securities Limited is regulated by the Securities and Futures Commission (SFC) under license number AFS455. However, it is important to note that its current license status is listed as “Exceeded,” which means it no longer holds active regulatory authorization from the SFC. From my perspective, this raises concerns about the legitimacy of the broker, especially for international traders who rely on regulatory bodies to ensure the protection of their funds. While the broker has a long history (since 1970) and was once under SFC regulation, I would be cautious given the status of the license and the potential risks associated with trading under these conditions.
Broker Issues
Regulation
07-22
United States
Tricia54
1-2 years
What are the disadvantages of trading with Head & Shoulders?
The biggest disadvantage of trading with Head & Shoulders is their "Exceeded" license status, which raises doubts about their ongoing regulatory compliance. This means that the broker is no longer under the supervision of the SFC or any other active regulatory authority. Furthermore, they do not offer a demo account, which makes it difficult for new traders to familiarize themselves with the platform before committing real funds. Additionally, there is no information provided on the minimum deposit requirement, making it harder for me to assess the cost of getting started with this broker.
Broker Issues
Regulation
06-29
United States
Imranali Khatri
1-2 years
Can I trade on Head & Shoulders using mobile apps?
Yes, Head & Shoulders provides mobile trading apps for both iOS and Android devices. The apps are designed to give traders like me full access to the platform, allowing me to place orders, manage my account, and track market data on the go. I find mobile trading especially convenient when I'm traveling or unable to access my desktop. The mobile apps are part of the reason why I would consider trading with Head & Shoulders, as they make trading more accessible.
Broker Issues
Account
Leverage
Platform
Instruments
06-21
United States
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