There were so many brokerage firms disappeared in hk and i have no idea what did sfc do about these. Anyway hk ib provides zero ptotection for non hk investment anyway. How do I know if ib will just break anytime and all my non hk investment just disappear? Ib is an listed company and i had shown you none of the annual report or whatever can show it is actually not at risk or it is just a trap like 566. As i said u either show us 566 suspend or 99.99% drop can be predicted from your "analysis" or u just keep slient.
Blah Blah Blah. Go put your money with another HK broker if you want greater protection - oh wait, never mind, they all have the same regulator setting the rules.
Is ScottTrade regulated by the SFC - think not. You should go there and let them sell your order flow. Good luck.
Why do I care SFC while we talk about US stocks protection? Local hk brokerage is way cheaper, I can buy 10 millions hk stock with $5 commission and enjoys sfc protection. Most of the IB customers in hk uses IB because of US stocks.
Their site does not state anything about HK stock. If you are referring to US stock, they charge $7 for HK residents but you also know they are selling your flow to lots of hidden costs on top of that. Nevertheless, since you are complaining so much, why don't you use them?
I guess ScottTrade is not a member of sfc and they let customers make hk stuff deals by going through another broker. For people like me who focus on US market that would be a btter choice. If someone uses IB api to do hk future auto day trade that kind of stuff then ib is like the only choice with mature api and system.