Company Information

Get to know SoFi Hong Kong

SoFi Hong Kong, originally known as 8 Securities, was a brokerage firm that provided a user-friendly mobile application for trading thousands of Hong Kong and U.S. stocks, as well as ETFs, with zero commissions. Its mission was to make investing simple, accessible, and affordable for individuals in Hong Kong. In 2020, the company was acquired by the US fintech giant SoFi Technologies, Inc. and rebranded. However, in April 2024, it was announced that Futu Holdings Limited had acquired the company, and the SoFi Hong Kong app and services would be officially terminated on May 28, 2024, with client accounts being migrated to Futu's platform.

Industry

Stock BrokerPRIMARY
Financial Other Service

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SoFi Hong Kong

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.