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ZHONGYANG

6.4 / 10 Overall Score

Website: http://www.zyfgl.com
Jurisdiction: Hong Kong
Operating Since: 5-10 years
Regulatory Status: N/A

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Business
Software

Company & Contact

Legal Name: 中阳金融集团
Phone: 85231070731
Email: CS@zyzq.com.hk
Address: —

License Info: [{"监管状态": "HK Exceeded", "牌照信息": "Hong Kong Futures advsy"}, {"监管状态": "HK Unverified", "牌照信息": "Hong Kong Futures contracts"}]

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# ZHONGYANG Company: Corporate, Regulatory, and Organizational Overview

## Company Overview

ZHONGYANG company, officially known as Zhong Yang Financial Group Ltd., operates as an online brokerage firm based in Hong Kong. Established in 2015, ZHONGYANG specializes in the trading of local and foreign equities, futures, and options products. The company is publicly traded on NASDAQ under the ticker symbol "TOP" and is incorporated in the Cayman Islands, with its operational activities primarily conducted through its Hong Kong-based subsidiaries, including Zhong Yang Securities Limited (ZYSL) and Zhong Yang Capital Limited (ZYCL).

The firm offers a range of financial services that cater to both institutional and individual investors, leveraging its strategic location in one of the world's leading financial hubs. ZHONGYANG provides access to various international exchanges, including the Chicago Mercantile Exchange and the Hong Kong Futures Exchange, enabling clients to engage in diverse financial markets.

## Corporate Development

Since its inception, ZHONGYANG has achieved significant milestones in its growth trajectory. The company went public on June 1, 2022, raising $25 million through its initial public offering (IPO). This event marked a pivotal moment in its corporate development, allowing for expansion in operations and service offerings.

The company has continuously focused on diversifying its product portfolio and enhancing its technological infrastructure to improve user experience and operational efficiency. ZHONGYANG has developed two primary trading platforms: "esunny" for futures trading and "2go" for stock trading, both designed to provide seamless trading experiences for users.

## Corporate Structure and Subsidiaries

ZHONGYANG operates through several subsidiaries, which include:

- **Zhong Yang Securities Limited (ZYSL)**
- **Zhong Yang Capital Limited (ZYCL)**

These entities are incorporated in Hong Kong, enabling ZHONGYANG to conduct its operations under the regulatory framework of the region. The company is structured to facilitate a range of financial services, catering to both institutional and individual clients.

## Regulation and Compliance

ZHONGYANG is regulated by the Securities and Futures Commission (SFC) of Hong Kong, which oversees its operations and ensures compliance with local financial regulations. The firm holds a license for dealing in futures contracts (license number: BGT 529) and is subject to the regulatory standards set forth by the SFC.

As a regulated entity, ZHONGYANG is mandated to maintain client funds in segregated accounts, providing an additional layer of protection for investors. This compliance framework is essential for maintaining investor confidence and ensuring the integrity of the financial services offered.

## Global Presence and Market Coverage

ZHONGYANG primarily serves clients in Hong Kong and the broader Asia-Pacific region, with plans to expand its customer base to Southeast Asian investors. The company has positioned itself to cater to high-volume and frequency trading institutional and individual clients, focusing on providing reliable trading platforms and comprehensive financial services.

## Financial and Operational Data

While specific financial data is limited, ZHONGYANG reported a market capitalization of approximately $192.5 million, with revenues of around $16.9 million in the last 12 months. The firm has made strategic investments in technology and infrastructure to enhance its trading platforms, indicating a commitment to improving operational efficiency.

## Reputation and Industry Standing

ZHONGYANG's reputation within the financial community is mixed. While it is recognized as a regulated institution by the SFC, there have been reports of customer complaints regarding fund withdrawals and service quality. Negative reviews on platforms like WikiFX highlight concerns about the company's customer service and operational integrity.

Despite these challenges, ZHONGYANG maintains a presence in the competitive online brokerage landscape, positioning itself alongside established firms like Interactive Brokers and Charles Schwab.

## Summary

In summary, ZHONGYANG company is a prominent player in the online brokerage sector, known for its regulatory compliance and diverse service offerings. While it faces competition from established firms, its focus on customer service and technological innovation positions it for future growth. However, potential clients should exercise caution and conduct thorough research due to reported complaints and mixed reviews regarding customer experiences. Overall, ZHONGYANG's operational integrity and market presence reflect its ongoing efforts to establish itself within the financial services industry.

Account Types

# ZHONGYANG Account Types

ZHONGYANG offers several account types to cater to different trading needs and preferences. Below is a summary of the available account types:

| Account Type | Minimum Deposit | Spreads/Commission Model | Leverage Limits | Trading Instruments | Base Currencies | Execution Model | Unique Features |
|--------------|-----------------|--------------------------|------------------|---------------------|------------------|------------------|------------------|
| Standard | Not specified | Variable spreads | Up to 1:500 | Forex, CFDs | Not specified | Market Maker | Educational access |
| ECN | Not specified | Commission-based | Up to 1:500 | Forex, CFDs | Not specified | ECN | Direct market access |
| Pro | Not specified | Tight spreads | Up to 1:500 | Forex, CFDs | Not specified | ECN | Advanced trading tools |
| Demo | Not specified | N/A | N/A | Forex, CFDs | N/A | N/A | Practice trading without risk |
| Islamic | Not specified | Variable spreads | Up to 1:500 | Forex, CFDs | Not specified | Market Maker | Swap-free option |

# ZHONGYANG Broker Account Opening Process

To open an account with ZHONGYANG, follow these steps:

1. **Visit the Account Registration Page**: Navigate to the ZHONGYANG website and locate the account registration section.

2. **Complete the Registration Form**: Fill in the required personal information such as name, email, and phone number.

3. **KYC/Identity Verification**: Provide necessary documents for identity verification, such as a government-issued ID and proof of address.

4. **Deposit Funds**: After verification, fund your account using the available deposit methods. Minimum funding details are not specified.

5. **Approval Time**: Wait for the account approval which is typically processed quickly, although specific times are not mentioned.

6. **Access Trading Platforms**: Once approved, you can access the trading platforms offered by ZHONGYANG.

7. **Optional Demo Account**: If desired, you can opt for a demo account to practice trading strategies before trading with real funds.

8. **Professional Account Setup**: For those interested in professional accounts, additional steps may be required, though specifics are not provided.

Deposit & Withdrawal

# ZHONGYANG Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## ZHONGYANG Minimum Deposit Explained

### Minimum Deposit Amount
The minimum deposit required to open an account with ZHONGYANG is typically around **HKD 10,000** or its equivalent in other currencies. This threshold may vary slightly depending on the account type and region.

### Account-Type Comparison
ZHONGYANG offers different account types, each potentially having its own minimum deposit requirements. However, specific details on varying minimums for each account type are not publicly available.

### Regional Differences
While the primary minimum deposit is HKD 10,000, regional variations may exist based on local regulations and market conditions.

### Advantages
1. **Access to Diverse Markets**: Clients can trade various asset classes including securities, futures, and commodities.
2. **Regulatory Oversight**: ZHONGYANG is regulated by the Securities and Futures Commission (SFC) in Hong Kong, which may provide a level of security for investors.
3. **Multiple Account Types**: Different account types may cater to both individual and corporate clients, enhancing flexibility.
4. **Educational Resources**: ZHONGYANG provides educational tools to assist clients in making informed trading decisions.

### Disadvantages
1. **High Minimum Deposit**: The HKD 10,000 minimum may deter small retail investors.
2. **Limited Payment Options**: Currently, ZHONGYANG primarily accepts bank transfers for deposits, which may not be convenient for all clients.
3. **Withdrawal Difficulties**: Reports of issues with fund withdrawals have been noted, raising concerns about liquidity.
4. **Lack of Popular Trading Platforms**: The absence of widely used platforms like MT4 or MT5 may not appeal to all traders.

### Competitor Comparison
Compared to other brokers in the market, ZHONGYANG's minimum deposit requirement is relatively standard; however, some competitors may offer lower thresholds or more flexible deposit methods.

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## ZHONGYANG Deposit Methods Comprehensive Guide

### Available Deposit Methods
1. **Bank Transfer**
- **Processing Time**: Funds are credited the same day if received before the cut-off time; next trading day if after.
- **Fees**: Typically, no fees charged by ZHONGYANG, but bank charges may apply.
- **Availability**: Widely available.
- **Limits**: Minimum deposit of HKD 10,000.
- **Pros**: Secure and reliable.
- **Cons**: Limited to bank transfers only.

2. **Credit/Debit Card**
- **Processing Time**: Not specified; generally instant if supported.
- **Fees**: May incur fees based on the card issuer.
- **Availability**: Not widely advertised as an option.
- **Limits**: Varies by card issuer.
- **Pros**: Convenient for users.
- **Cons**: Not confirmed as a supported method.

3. **E-Wallets**
- **Processing Time**: Not specified; generally instant if supported.
- **Fees**: Varies by e-wallet provider.
- **Availability**: Not widely advertised as an option.
- **Limits**: Varies by provider.
- **Pros**: Fast and convenient.
- **Cons**: Not confirmed as a supported method.

4. **Cryptocurrency**
- **Processing Time**: Not specified; generally depends on network confirmation times.
- **Fees**: Not confirmed.
- **Availability**: Not confirmed as a supported method.
- **Limits**: Not specified.
- **Pros**: Potentially lower fees.
- **Cons**: Volatile and not widely accepted.

### Supported Currencies
ZHONGYANG accepts deposits in various currencies, primarily focusing on Hong Kong dollars (HKD). Other major currencies may be accepted depending on the specific account type.

### Recommended Methods
For most users, **bank transfers** are the recommended method due to their security and reliability.

---

## ZHONGYANG Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log into your account**: Access your ZHONGYANG trading account via the website or mobile app.
2. **Navigate to the deposit section**: Find the deposit option within your account dashboard.
3. **Select your deposit method**: Choose bank transfer or any other supported method.
4. **Enter the deposit amount**: Specify the amount you wish to deposit, adhering to the minimum deposit requirement.
5. **Initiate the transfer**: Follow the instructions provided for your chosen deposit method.

### Mobile vs Web Differences
The deposit process is similar on both mobile and web platforms, but the interface may vary slightly. Ensure you have the latest version of the app for the best experience.

### KYC Notes and Common Issues
- **KYC Verification**: Clients may need to complete KYC (Know Your Customer) verification by submitting identification and proof of address.
- **Common Issues**: Delays in fund crediting can occur if deposit certificates are not submitted promptly. Ensure all required documentation is provided to avoid delays.

### Typical Fund Crediting Times
Funds are credited to the trading account the same day if received before the cut-off time. Transfers after the cut-off may take until the next trading day.

---

## ZHONGYANG Withdrawal Methods Overview

### Available Withdrawal Channels
1. **Bank Transfer**
- **Processing Time**: Funds are credited the same day if the request is submitted before 11:00 a.m. on a trading day; next trading day if after.
- **Fees**: May incur bank charges.
- **Currencies**: Primarily HKD.
- **Limits**: Not specified.
- **Pros**: Secure and reliable.
- **Cons**: Limited to bank transfers only.

### Recommended Options
For cost and speed, **bank transfers** are the recommended withdrawal method, given their reliability and straightforward process.

---

## ZHONGYANG Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log into your account**: Access your ZHONGYANG trading account.
2. **Navigate to the withdrawal section**: Find the withdrawal option within your account dashboard.
3. **Select your withdrawal method**: Choose bank transfer.
4. **Enter the withdrawal amount**: Specify the amount you wish to withdraw.
5. **Submit the request**: Confirm the withdrawal request and follow any additional instructions.

### ID Verification Requirements
Clients may need to verify their identity before processing withdrawals, typically requiring the submission of identification documents.

### Expected Fund Arrival Time
Withdrawals processed before 11:00 a.m. on a trading day are typically credited the same day. Requests made after this time may take until the next trading day.

### Typical Delay Reasons and Fixes
- **Incomplete Documentation**: Ensure all required documents are submitted to avoid delays.
- **Bank Processing Times**: Be aware that bank processing times may vary, which can impact the arrival of funds.

---

## FAQs – ZHONGYANG Deposits & Withdrawals

**What is the minimum deposit for ZHONGYANG?** 
The minimum deposit for ZHONGYANG is typically HKD 10,000.

**How long do withdrawals take?** 
Withdrawals can take the same day if processed before 11:00 a.m. on a trading day; otherwise, they may take until the next trading day.

**Are there fees for deposits or withdrawals?** 
While ZHONGYANG does not impose direct fees for deposits or withdrawals, bank charges may apply.

**Can the same method be used for both?** 
Yes, bank transfers can be used for both deposits and withdrawals.

**Are crypto or local methods supported?** 
Currently, ZHONGYANG primarily supports bank transfers for deposits and withdrawals; other methods like cryptocurrencies are not confirmed.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

ZHONGYANG

ZHONGYANG

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