Item: BOOM
Rating: 5.75

BOOM

Hong Kong | Above 20 years |

Regulated in Hong Kong | Dealing in futures contracts | High potential risk

http://www.boom.com/en/

Website

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Company Summary

BOOM Review Summary
Founded	1997
Registered Country/Region	Hong Kong
Regulation	SFC
Market Instruments	Multi-market stocks, futures contracts, stock futures, currency futures, interest rates futures, metal futures
Demo Account	❌
Trading Platform	Web, mobile
Minimum Deposit	0
Customer Support	Tel: +852 2255 8888
Customer Support	Email: service@boomhq.com

BOOM Information

Boom Securities is a Hong Kong-based online broker founded in 1997 and regulated by the Hong Kong SFC (CE Number: AEF808). It offers access to global stock and futures markets through its proprietary web and mobile trading platforms, without charging deposit or withdrawal fees.

Pros and Cons

Pros	Cons
Regulated by Hong Kong SFC	No demo accounts available
Access to 12+ global stock & futures markets	Inactivity fee charged for dormant accounts
No deposit or withdrawal fees

Is BOOM Legit?

Boom Securities (H.K.) Limited is a legitimate and regulated financial institution. It is authorized by the Securities and Futures Commission (SFC) of Hong Kong, which is a well-respected regulatory body in the financial industry. The company holds a Dealing in futures contracts license with the license number AEF808.

What Can I Trade on BOOM?

Boom Securities offers a variety of trading instruments including U.S. stocks, Hong Kong and global futures, covering indexes, currencies, interest rates, commodities, energies, and metals.

Tradable Instruments	Supported
Currencies	✔
Commodities	✔
Indexes	✔
Stocks	✔
ETFs	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌

Account Type

Boom Securities offers a total of 4types of live trading accounts: Individual/Joint Accounts, Corporate Accounts, Margin Accounts, and Cash Accounts. Each account is designed to suit different types of traders, from personal investors and corporate entities to active U.S. day traders.

Account Type	Feature	Suitable for
Individual/Joint	For individual use or jointly owned by two people	Personal investors
Corporate	Designed for companies to manage trading operations	Businesses or institutions
Margin	Enables flexible trading with the ability to use unsettled funds	Active or day traders in U.S. stocks
Cash	Trades only with settled cash; no margin or unsettled proceeds can be used	Conservative or long-term investors

BOOM Fees

Boom Securities fee structure is transparent and generally competitive compared to industry standards. The broker does not charge hidden spreads or high platform fees, and many essential services (like deposits, withdrawals, and statements) are free of charge. However, some real-time data and corporate services may incur moderate fees.

Market	Commission Fees
U.S. Equities	USD 20 per trade
Hong Kong Stocks	0.18% per trade
Global Markets	0.50% or lower per trade

Non-Trading Fees

Non-Trading Fees	Amount
Deposit Fee	0
Withdrawal Fee	0
Inactivity Fee	HKD 200 (Individual/Joint) HKD 1,000 (Corporate)

Trading Platform

Trading Platform	Supported	Available Devices
Web Trading Platform	✔	Desktop / Web Browser
Mobile Trading App	✔	iOS & Android devices

Deposit and Withdrawal

Boom Securities does not charge any fees for deposits or withdrawals. There is no minimum deposit or withdrawal amount, except for eDDA deposits, which have a minimum of HKD 200.

Deposit Options

Deposit Options	Minimum Deposit	Deposit Fees	Deposit Processing Time
eDDA (Electronic Direct Debit)	HKD 200	0	Within 5 minutes (under normal conditions)
FPS / Internet / Phone Banking / ATM	0		Same day during business hours
Bank Transfer / Telegraphic Transfer			Varies by bank
Cheque / Bank Draft			/

Withdrawal Options

Withdrawal Options	Minimum Withdrawal	Withdrawal Fees	Withdrawal Processing Time
To Designated Bank Account	0	0	Same day if before 12:00 PM HK time
Withdrawal by Cheque			Same day
Transfer to Other Bank Accounts			Processed upon approval of instruction

User Reviews 5

All (5) Positive (5)

FX6022430072

1-2 years

Positive

Cost-Saving Trades: Navigating from Futu to BOOM for Global Market Access

I am a mainland Chinese working in Hong Kong. I used Futu before and thought the interface was good, but the commission fees were too expensive in the long run. A friend recommended BOOM to me. It has an old-fashioned Hong Kong-style interface, and I wasn't used to it at first. But after getting used to it, it's okay for trading. The main advantage is that the commission fees are cheaper than others. Sometimes I trade Japanese stocks. I heard that they can trade stocks in 16 popular markets.

Hong Kong

BOOM's website looks oddly sized and my browsing experience is poor. And they don't have any regulatory licenses, how did they operate for more than fifteen years?

New Zealand

Inexplicably, the company's website cannot be opened, and I have not seen any regulatory licenses. But I can't see anyone on the Internet saying it is a scam! I guess the website is temporarily down? I'll check it out tomorrow

Singapore

In fact, this company was recommended to me by my friend. After trying it for a few months, I think it is really good. MONEX BOOM has been established for almost 20 years, don't be too reliable! Although their trading platform is not the common MT4 or MT5, it is definitely worth a try and it is very easy to use.

Thailand

I have been trading with this company for a while and am happy with it and will continue to trade. But I read on the wikifx website that it's not regulated and I was a bit intimidated. Can anyone tell me if it is a trustworthy company after all?

2022-11-23

Argentina

No more

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