CITIC Securities Review 2024

I have been trading here for over a year and I recommend CITIC Securities to everyone. The broker covers the Hong Kong and China markets, so the number of financial instruments is somewhat limited. But on the other hand, why do I need a long list of assets available for trading if a significant part of the profits will go to the broker in the form of commission fees? And in CITIC Securities, the commission is only 0.03% plus free withdrawal to the card. The broker provides favorable conditions, and the rest depends on the trader himself!

I have heard about CITIC Securities for a long time. It was recommended to me as a stockbroker with some of the lowest commissions. Indeed, the minimum trading fees are only 5 yuan. For the withdrawal of funds, not to mention other non-trading services, the company does not charge a commission. Another positive point is that the account with CITIC Securities is multi-currency, so you can buy assets in CNY, HKD, and USD without additional conversion costs.

I liked CITIC Securities in all respects, except one: you can trade only Chinese products, and even then the choice of stocks and ETFs is not optimal. The commissions pleased, and since the broker participates in the social responsibility program, it is possible to choose the securities of the most reliable Chinese companies. I have enough experience to invest on my own, but for those who are still poorly versed in the Chinese markets, there is an opportunity to give capital under trust management.

I trade with CITIC Securities on the Shanghai Stock Exchange. There is an opportunity to work with a Shenzhen account or a Hong Kong account. But in HK, the conditions for people with capital are an order of magnitude higher than mine, so for now I see no reason to study the nuances of trading through an HK account. The broker is controlled by the state commission CSRC, so I have no reason not to trust CITIC and needlessly worry about the safety of my deposit. CITIC Securities states that they do not charge additional fees other than those stated on the official website, but I am used to checking everything based on my experience. During two months of trading, there were no unpleasant surprises.

I decided to try making money with CITIC Securities. I have little experience in the stock market, and none at all on Asian stock exchanges, so I used the services of a trust management company. Let me just say that I have no regrets. I have a multi-currency account, so the portfolio consists of stocks and ETFs, which can be bought using both USD and RMB. With my experience, it is still difficult for me to carry out calculations on portfolio diversification, so I let the CITIC Securities specialists do it. I am ready to pay for it, because they promise income, although not large, but stable.

They just took my money and now they don't answer any questions.

I immediately liked that the account verification did not take a week, as is usually the case in serious companies. The broker is reliable and this is confirmed by its many years of activity in the stock market and the presence of a valid license. The advantage is that access to your account is protected not only by a password but also by a two-factor authentication code. There are no questions about the trading itself because commissions are below average, and orders are executed instantly. Perhaps this is a limitation of the regulator, but they did not allow me to withdraw funds to my usual electronic wallet, only a card or a bank transfer. But there was no commission!