SoFi Hong Kong FAQ

Customer Support

Monday-Friday, except public holidays

HKT 9am-5am

Saturday-Sunday Closed

Yes. SoFi Securities (Hong Kong) Limited is a licensed brokerage in Hong Kong. We are regulated by the Securities and Futures Commission of Hong Kong (SFC). We hold a Type 1 license for dealing in securities and a Type 4 license for advising on securities. Our CE number is AXL143.

Yes. SoFi Securities (Hong Kong) Limited is a registered member of the Hong Kong Stock Exchange (HKEX).

Our address is 21st Floor, H Code, 45 Pottinger Street, Central, Hong Kong. You can phone us on +852 2693 8888 or email hello@sofi.hk. You can chat with us from the website or apps during business hours. We love to hear from our customers so please drop us a line.

Your cash is held in segregated custodial corporate accounts with HSBC and Bank of China. This is to safeguard your deposits and is consistent with Hong Kong regulation. The US and Hong Kong securities that you invest in are held in custody with the Depository Trust & Clearing Company (DTCC) and the Hong Kong Securities Clearing Company Limited (“HKSCC”) respectively. Furthermore, the Investor Compensation Fund (ICF) was set up to protect up to HK$500,000 of your money should you suffer losses due to an intermediary default covering securities and contracts traded on HKEX. You can view your account, holdings and cash positions 24/7 from the app. You can deposit and withdraw your money anytime.

SoFi Hong Kong is the Hong Kong arm of SoFi – an American personal finance company that provides many services including investing. Headquartered in San Francisco, California, SoFi is one of the largest and fastest-growing online personal finance companies in the US. We serve over 6.9 million global members with one of the highest customer satisfaction levels in the industry. SoFi has been recently named to CNBC’s list of the World’s Top Fintech Companies 2023.

8 Securities Limited has been acquired by Social Finance, Inc. Based in San Francisco, California, Social Finance, Inc. is one of the largest and fastest growing online personal finance companies in the US. 8 Securities Limited name has officially been changed to SoFi Securities (Hong Kong) Limited (“SoFi Hong Kong”)

We charge a comparatively low commission fee and platform fee. We also have a margin lending service for active traders. With these revenue streams we are able to invest in R&D, technology and infrastructure to best serve you.

We take your account security seriously. For protection, we have implemented Two-factor Authentication for all of our app users and all users’ devices will need to be registered. You will be asked to register your device when you sign in from an unregistered device.

To ensure it is you signing in, a 6-digit code will be sent to you via SMS or an authenticator (dependant on your choice of verification method). Please input the code to register your device.

Once you have successfully verified and registered your device, you can then continue to use the device to login to your account as usual.

Dependant on which verification method you chose, you can find the 2FA code either in your SMS or from your authenticator app.

If you haven’t received the 2FA code via SMS, please make sure your mobile number is correct and updated in our records. You can review your mobile number when you choose SMS as the verification method. To update your contact details, please fill out the “Change of Personal Details Application Form” and return it to us. You can also tap the “Resend” button to request a new 2FA code.

If you have issues setting up 2FA or are not able to receive the code, please contact our CS team for assistance.

For security reason, you will not be able to change the verification method (SMS/Authenticator app) in the SoFi app by yourself once you choose it. Please contact our CS team to verify your identity and change the verification method.

After we fully implement 2FA, you will not be able to log in to the SoFi app without setting up 2FA.

You may be required to set up 2FA again under the below circumstances:
– when you use a new device to log in
– after you erase the device by tapping the “remove” button next to the device you want to deregister on the Settings page of our app
– when you have not logged in SoFi app for more than 90 days
– when you reinstall / update SoFi app (iOS only)
– after your device was deregistered by our system (if you register more than 3 devices, the device with the oldest registration date will be automatically deregistered)
– when you need to reset 2FA for security reasons

Yes. You can register your account with up to 3 devices. if you register more than 3 devices, the device with the oldest registration date will be automatically deregistered. You can also see all the devices registered under your account on the Settings page of our app.

Our app will automatically detect your login attempt is from a new device. We will then guide you through the steps to register it before you can access your account.

You can login to our app with any of your registered device. Then, go to the Settings page of the app and tap the ‘remove’ button next to the device you want to unregister.

• Do not store your username and password of trading platform / account on your mobile device.
• Install and update the latest antivirus and anti-spyware software regularly on your mobile device.
• Do not open any suspicious emails or attachments, contact us at 2693 8888 if you are not sure if the email is from us.
• Avoid sharing your device with others and use your own device to log on.
• Do not leave your device unattended after logging in. Always log off properly when you are finished.
• Set up pass-code and auto-lock to prevent unauthorized access to your mobile device.
• Wipe all data on your device before you donate, resell or recycle it and cancel the registration of two factor authentication for such device.
• If you lose your mobile device, please contact us immediately.
• You should review your account transaction and activities history regularly through notification and statement given by SoFi from time to time. If there are any suspicious transactions and activities, please contact our customer service hotline and report to us immediately.
• When using Wi-Fi, only use trusted Wi-Fi networks or service providers and enable security protection, if possible.
• Disable Bluetooth if you are not using it, or set the device to non-discovery mode.
• Do not install applications on your mobile device from unknown sources unless you trust the source. Understand the permissions of mobile applications before you install them. Do not use untrusted custom virtual keyboards.
• Install updates and patches to your mobile device regularly, including upgrades / updates to your OS and other mobile applications. Enable data encryption on your device if possible.
• Do not use any jailbroken device which may have security loopholes.

Go to the settings page by tabbing your profile at the top left of your app, then tap the gear icon. 

From there, simply toggle the “Enable TouchID/FaceID” option under “Safety and Security”.

Fractional Share Order

Applicable for selected US stocks only

Fractional shares enable you to buy small portions of U.S stock for as little as US$10 instead of the whole share. You can specify a dollar amount that you’d like to spend or receive instead of an amount of shares. You can sell part of a whole share or even part of a fractional share by specifying a quantity with a decimal place. Fractional shares will only be executed once each trading day during the Core Trading Session. Your fractional shares order will be automatically carried forward to the next trading day if the market closes early.

Market Order

Available for Hong Kong and US stocks

A market order is a buy or sell order to be executed immediately at current market prices. As long as there are willing sellers and buyers, market orders are filled.

Market orders are therefore used when certainty of execution is a priority over price of execution. A market order is the simplest of the order types but does not provide price protection and may fill at a price far lower/ higher than the current price. Your account may have insufficient funds to settle the market order and may result in a negative cash balance.

Please note that a market order can only be executed in the Continuous / Core Trading Session. For U.S. Market, any market orders placed during the trading halt will not be accepted and any pending market orders during the trading halt will be canceled.

Limit Order

Available for US stocks only

A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.

Enhanced Limit Order

Available for Hong Kong stocks only

Enhanced limit orders (ELO) allow matching of up to ten price queues at a time. Any unfilled Enhanced Limit Order will be put in queue as Limit Order at the same price.

Notes: ELO submitted before 09:15 will be automatically sent to HKEX as At-auction Limit Order during Pre-opening Trading Session.

Applicable to eligible stocks of Closing Auction Session (CAS) – unfilled ELO from Continuous Trading Session and ELO submitted during CAS will be automatically sent to HKEX as At-auction Limit Order.

However, the order will be canceled if the price of the buy / sell order is higher / lower than the allowable price limit prescribed for CAS.

Conditional Orders

We also support conditional orders, please refer to the FAQ What is a conditional order section for further details.

1. Please make sure your device is updated to the latest operating version (iOS or Android), also please update your SoFi Hong Kong app to the newest version.
2. Please check your device’s internet connection.
3. Please force quit the app and relaunch.
4. Please restart your mobile.

Yes, you can use the ‘Extended Hours Trading’ feature in the SoFi Hong Kong app to participate in the pre-market trading session as well as after-hours trading session. Please refer to the FAQ section “US Extended Hours Trading” for more information. 

That’s easy! Simply log in, press ‘$’ at the bottom of the main screen -> click ‘manage bank accounts’ -> ‘add bank accounts’, input bank account details and upload. (It should show your full name and account number).

Please be reminded that you will also need to make a deposit of HK$10,000 from the newly added bank account to activate it, if your account is opened with an e-signature.

• Expired orders. Any unexecuted unfilled quantity of the order will be automatically cancelled.
• GTD orders entered prior to the date of certain corporate actions. (forward or reverse stock split, exchange for shares, or distribution of shares etc.)
• Trading halt is imposed by the US stock exchanges. All orders, including GTD order, will be cancelled. You may place the order again after the trading.

• The order price entered is significantly deviated from the previous closing price or nominal price.
• Orders placed for stocks that are under certain corporate actions. (forward or reverse stock split, exchange for shares, or distribution of shares etc.)
• Placing a sell order while your account has a “pending buy order” of the same stocks, vice versa.
• Suspended or delisted stocks.
• Insufficient buying power and / or holdings.

A conditional order is the order that will only be triggered and submitted to the market when the preset condition is met.

Once you place a conditional order, your buying power or relevant holdings will be immediately put on hold, to ensure that when the triggering condition is met, you have sufficient funds to execute the order.

You cannot amend the conditions of a conditional order once it has been submitted. If you want to amend a conditional order, please cancel the original order and submit a new one.

After the conditional order is triggered, the system will place a limit order or market order automatically when the triggered price is reached. As the market may be volatile, there is no guarantee that the triggered order will be filled. 

You can hold a conditional order for 30 trading days then it will be automatically canceled by the system.

For the Hong Kong Market, a conditional order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled conditional order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled conditional order may only be triggered and executed in the Core Trading Session.

Please note that the conditional order is considered as a complex order and you are advised to exercise caution in relation to using the conditional order.

Down Trigger Order

Available for Hong Kong and US stocks

A down trigger order is a type of conditional order that when a specific price is reached, a buy or a sell order will be automatically placed by the system. You can choose either a limit order or a market order. 

A down trigger limit order is a pending buy or sell order with a trigger price and a specified limit price. The trigger price must be lower than the nominal price of the stock. When the trigger price is reached, an order with the limit price will be placed.

A down trigger market order is a pending buy or sell order with a trigger price whereas the trigger price must be lower than the nominal price of the stock. When the trigger price is reached, a market order will be placed.

Notes: 

1. If you want to amend a down trigger order, please cancel the original order and submit a new one. 
2. If you place a down trigger buy market order, they do not guarantee execution at a specific price. They may fill at a price far better or worse than the current price. Your account may result in having insufficient funds to settle the market order and may result in a negative cash balance.

Up Trigger Order

Available for Hong Kong and US stocks

An up trigger order is a type of conditional order that when a specific price is reached, a buy or a sell order will be automatically placed by the system. You can choose either a limit order or a market order. 

An up trigger limit order is a pending buy or sell order with a trigger price and a specified limit price. The trigger price must be higher than the nominal price of the stock. When the trigger price is reached, an order with the limit price will be placed.

An up trigger market order is a pending sell order with a trigger price whereas the trigger price must be higher than the nominal price of the stock. When the trigger price is reached, a market order will be placed.

Notes: 

1. If you want to amend an up trigger order, please cancel the original order and submit a new one. 
2. An up trigger market order is applicable to sell order only.

Stop Limit Order

Available for Hong Kong and US stocks

A stop limit order (SLO) is set to sell a stock at a limit price or better when it reaches a price specified by you. SLO is designed to limit an investor’s loss on a position or to take profit. 

When the nominal price of the stocks falls to or below the trigger price of your order, the SLO will be triggered for execution. 

For the Hong Kong Market, a stop limit order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled stop limit order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled stop limit order may only be triggered and executed in the Core Trading Session.

Notes: 

1. If you want to amend a stop limit order, please cancel the original order and submit a new one. 
2. A stop limit order is applicable to sell order only.

Stop Order

Available for Hong Kong and US stocks

A stop order (SO) is set to place a market sell order when it reaches a price specified by you.  SO is designed to limit an investor’s loss on a position or to take profit. 

When the nominal price of the stocks falls to the trigger price of your order, the SO will be triggered and executed at market price. 

For the Hong Kong Market, a stop order may only be triggered and executed in the Continuous Session. For the US Market, an Extended Hours Trading enabled stop order may be triggered and executed in the Core Trading Session and Extended Hours Trading Sessions, while an Extended Hours Trading disabled stop order may only be triggered and executed in the Core Trading Session.

Notes: 

1. If you want to amend a stop order, please cancel the original order and submit a new one.
2. A stop order is applicable to sell order only.

One-Cancels-the-Other Order 

Available for Hong Kong and US stocks 

A One-Cancels-the-Other (OCO) order is a pair of conditional sell orders that you can set limit order and stop limit order simultaneously. When either the limit order is fully filled or the trigger  price of the stop limit order is reached, the other order is canceled automatically by the system. 

The limit order will first be queued in the market. When the limit price is reached and the limit order is fully filled, the stop limit order will be canceled. 

Conversely, when the nominal price of the stocks falls to or below the trigger price of your order, the limit order will be canceled, and the stop limit order will then be placed in the market.

Note: 

1. If you want to amend a One-Cancels-the-Other order, please cancel the original order and submit a new one.
2. A One-Cancels-the-Other order is applicable to sell order only.
3. The stop limit price must be less than or equal to the trigger price and the trigger price must be less than the nominal price of the stock.

Time in force for an order indicates how long the order will remain active before it is fully filled or canceled. It includes DAY order and good till date (GTD) order.

DAY – A DAY order is canceled if it does not execute by the end of the relevant trading session on the day it is placed. 

GTD –  A good till date (GTD) order remains active until your specified date, unless it has been filled or canceled. You can hold a GTD order for 30 trading days then it will be automatically canceled by the system.

Download Margin Trading Booklet here

Download Margin Financing Agreement here

Download Robo Advisory Agreement here

Download Terms and Conditions for Electronic Real Time Direct Debit Authorization here

Download Personal Data Collection Statement for SEHK Trading Service here

Fractional Shares allow you to buy a small portion of one share. Invest as little as US$10 per security and you can have a diversified portfolio of your favourite companies without investing a fortune.

SoFi Hong Kong provides US Fractional Shares trading to members who hold cash accounts with us. Note: Our margin accounts currently do not support Fractional Shares trading. Cash account owners will have to sell the Fractional Shares before upgrading to a margin account.

SoFi Hong Kong charges no commission fee and transaction platform fee for your executed fractional order of less than 1 shares. However, you are responsible for paying government fees and clearing fees such as SEC transaction fees and trading activity fees.
Please refer to our Fees and Charges Table for more details.

Buy Orders: Tap the Fractional Shares collection to easily search and choose from a list of eligible stocks. Then, you can place a Fractional Share Order, a dedicated order type with a minimum of US$10. Sell Orders: Go to your Portfolio, choose the Fractional Shares you want to sell.

Fractional Shares orders are not executed real-time. They are executed during the “Order Dealing Period”. All Fractional Share Orders for a stock are executed in batch once per day so there might be an impact on the execution price of your order. This will help minimize our cost to offer fractional trading services and in return offer $0 commission fees. The execution price will be within 20% market price deviation as indicated in the “Your Fractional Order Arrangement” notifications. If you do not accept the order execution and allocation arrangement, you can cancel your order during the Cooling Period.

Fractional Share Orders are executed during the “Order Dealing Period” in batch once per day. (All half trading day orders will be carried forward to the next US trading day for execution.) Hence, the quantity of shares in the app and the notifications we send to you are for reference only. The executed quantity may differ but by no more than a 20% market price deviation.

You can only trade fractional shares with “Fractional Shares Order”, which has similar characteristic to Market Order but except that it will not be executed immediately. The securities within the Fractional Shares collection are also available for whole share trading. To buy one share, you can tap on “More Order Types” and place a Market Order, Good Till Date (GTD) or Limit Order (LO).

You cannot place fractional order on the same symbol if there is another pending order on the same trading day for fair trading. However, you can cancel the previous one in a specific time period and set a new order.

We want to ensure a fair trading environment for all members of the SoFi community. All Fractional Share Orders for a stock are executed in batch once per day. Let’s say a couple of large orders are added to that batch. These large orders could potentially have a negative impact on the execution price of your order. By capping Fractional Share Orders at a certain quantity or estimated quantity, we prevent your orders from being affected by these large Fractional Share Orders.

Cash account members can trade 40 fractional stock symbols (more coming soon) in the SoFi Hong Kong app. The selected stocks are on the S&P 500 and/or NASDAQ 100 Index list which includes big names such as AAPL, AMZN, GOOG, NFLX and TSLA. In the app, you can search within the “Fractional Shares” collection for eligible stocks that are available for Fractional Shares trading.

Fractional Share Orders cannot be amended directly. If you want to change your Fractional Share Orders, you will have to cancel and submit a new order within the Order Input Period.

Yes, you will receive dividends proportionate to the percentage of the share(s) you own, which is rounded down to 2 decimal places after dividend tax.

For Buy Orders, we support buy by Dollars. The minimum buy amount is USD 10. For Sell Orders, we support both sell by Dollars (minimum USD 10) and sell by Shares (minimum 0.000001 shares).

Under certain scenarios, your Fractional Shares Order may not be placed or executed. Please refer to the “Consent – Fractional Order” for more details. Some possible reasons: The stock price is not within 20% of the price indicated in “Your Fractional Order Arrangement” notification email. The order will be automatically canceled by the close of trading. Your Fractional Share Order will only be executed on a US full trading day. All half trading day orders will be carried forward to the next full trading day.

The eIPO service in-app (recommended) is an all-in-one solution for you to track your IPO application easily, get updates on whether you were successful or not in receiving allotments, and get notified – all in the SoFi app.

You can also contact us at +852 2693 8888 to apply.

Step 1: Got to the search page.
Step 2: Select the IPO you want to apply for.
Step 3: Review the IPO details and prospectus then click [Apply]
Step 4: Select the quantity you would like to apply and agree to the eIPO Terms of Use then click [Confirm].
Step 5: Review details then click [Submit]
Step 6: Application done!

There’s no extra charge for SoFi Hong Kong members.

The application deadline is normally 9am on the trading day ahead of the official deadline, i.e. T-1 day at 9am.

The issuer may change the application deadline from time to time, the deadline could change without prior notice. Applications and cancellation that are submitted after the cut-off time will not be accepted.

You will receive an app notification and an email after the allotment. You can also check the result via IPO home page → [Historical].

Shares allotted and refunded (if any) will be deposited to your brokerage account.

Cash refunds will be credited to your account directly on the allotment date.

Your “IPO Cash On Hold” on hold in your brokerage account and deducted after the application deadline. If there is insufficient HKD in your brokerage account on the deadline, an FX will take place to convert the other currency to HKD on the next business day. Interest charges may occur.

IPO Cash On Hold = Application Amount (Consideration + SFC Transaction Levy + FRC Transaction Levy + HKEx Trading Fee + Brokerage Fee)

You can visit the designated page of that IPO in app to stay up to date with your application. Each status is defined below.

Applied: Your application has been received. The status will be updated on the Allotment Date. You can cancel the request within the application period.

Cancelled: Your application has been cancelled successfully. The IPO Cash On Hold will be returned to you instantly.

Fully Allotted: Your application has been allotted successfully. Allotted IPO shares and excess funds(if any) have already been credited to your account. You will also see the transaction details in your upcoming statement.

Partially Allotted: Allotted IPO shares and excess funds have already been credited to your account. You will also see the transaction details in your upcoming statement.

Not Allotted: Your application is unsuccessful. Cash refund has been credited to your account.

If you would like to amend the application, you can cancel the original application and resubmit a new one within the application period. (Bear in mind that you can only submit one application for each IPO!) Amending the application within this period will not incur an additional charge.

You can also cancel your application in-app within our application period.

You can find the determined offer price, allotment results and the basis of allocation on the issuer’s website and on the HKExnews website on the date as specified in the prospectus.

No, you cannot make more than one application for the same IPO within the SoFi App.

Sorry, we currently do not offer IPO margin financing. We plan to roll this out in the future.

If you have a margin account with us, you can apply for IPO with your buying power generated by the marginable assets in your account.

Everyone can use the eIPO function in the SoFi App. However, each IPO may have different requirements on applicant eligibility, you are reminded to read the prospectus carefully before applying for an IPO.

Yes, as long as you have sufficient buying power in your account. We will help conduct FX conversion from the other currency to HKD on the next business day after the application deadline while interest may occur.

Click here for the SoFi App eIPO Guide

You will have to pay fee and charges from SoFi, Stamp Duty, the SFC levy, HKEx Trading Fee as well as other exchange and clearing fees in RMB.

Sorry, we currently do not offer transferring HKD-traded shares to RMB-traded shares or vice versa. We plan to roll this out in the future.

Sorry, we currently do not offer cross-counter trading. We plan to roll this out in the future.

RMB counter under the DTDC model is offered for secondary market trading and settlement purposes only. We do not facilitate physical withdrawal of those RMB counters.

We accept the stock transfer out requests, please download the Stock Instruction Form here and return to us as instructed in the remarks session.

You can open an account with SoFi Hong Kong from your smartphone. Download one of our apps from the App Store or Google Play. You will see the “Sign up” option on the app start screen. The mobile application takes 5-10 minutes to complete. We require a copy of your passport or Hong Kong permanent ID, proof of residential address within the last 3 months (utility bill, mobile phone statement, bank statement) and proof of bank account in your name maintained with a licensed bank in Hong Kong (bank statement, ATM card, bank book). You can take a photo and upload the documents directly from the app’s sign up process.

Once you have completed the application, simply sign the screen with your finger. As per the Securities and Futures Commission of Hong Kong’s requirements, e-signature applications require a HK$10,000 initial deposit.

As per the Securities and Futures Commission of Hong Kong’s requirements, e-signature applications are required to transfer an initial deposit of a minimum of HK$10,000 from your registered Hong Kong licensed bank account(s) to us for the purpose of identity verification.

Make a transfer to our bank accounts at HSBC or Bank of China. We only accept transfers in HKD, USD and CNY.

Reminder #1

Save Details: The amount, your bank account number, date of transfer, and our account number must be clearly visible.

Reminder #2

Company PAYEE name: SoFi Securities (Hong Kong) Limited

Remove brackets around the words “Hong Kong” if your bank doesn’t support special characters in the Payee name.

E.g: SoFi Securities Hong Kong Limited

Reminder #3

• No cash deposit (banknotes) at ATM or at a bank branch is accepted
• Do not accept transfer from a third party account
• Do not accept transfer from a joint account
• Do not recommend ATM/FPS transfer as your account number on the receipt may be masked. ATM/FPS transfer will require an additional screenshot on the e-banking record as a supplement document
• We only accept bank-to-bank transfer
• We don’t support Money Transfer Operator(MTO) – such as TransferWise, InstaReM or OFX
• (New) – Your bank account is not yet registered at SoFi, we do not accept eDDA as an initial deposit method.

You can submit your application from the SoFi Hong Kong app. As per the Securities and Futures Commission of Hong Kong’s requirements, you are required to transfer an initial deposit of a minimum of HK$10,000 from your registered Hong Kong licensed bank account(s) to us for the purpose of identity verification.

Alternatively, call us at 2693-8888 for further enquiry.

100% Free. It is fully transparent and you pay nothing to open your account at SoFi Hong Kong.

You can reset your password online. Go to the login screen and click “Forgot password”. A link will be immediately emailed to you. Simply follow the link provided on email to reset your password.

You will receive a monthly statement with a record of your monthly transactions and balance. If you conduct one or more trades in any given day you will also receive a statement at the end of that day. Statements are sent to you via email and you may request paper copies. If you do not receive your statement please check your email spam folder. You can also contact us on +852 2693 8888 or hello@sofi.hk.

You can fund your account with HKD, RMB or USD. You can convert your currencies online. Instructions that are received by 11am will be completed the same day.

As per the Securities and Futures Commission of Hong Kong’s requirements, you are required to transfer an initial deposit of a minimum of HK$10,000 from your registered Hong Kong licensed bank account(s) to us for the purpose of identity verification.

Furthermore, you do not have to hold a minimum balance to be a customer.

Our products and services are built for performance by maximizing speed and stability. We build our software on Google and Microsoft frameworks and use a micro-services architecture also used by companies such as Facebook, Netflix and Uber. Our products run on Amazon Web Services infrastructure. We monitor our systems in real-time.

SoFi Securities (Hong Kong) Limited is a licensed corporation in Hong Kong and regulated by the Securities and Futures Commission of Hong Kong. Your cash is held in segregated custodial corporate accounts with HSBC and Bank of China and your US and Hong Kong stocks are held in custody with the Depository Trust & Clearing Company (DTCC) and the Hong Kong Securities Clearing Company Limited (“HKSCC”) respectively. We use bank level security and data encryption to protect you. We regularly perform third party penetration testing to ensure our apps and your information is secured with the most advanced security software and practices.

You can download and complete this form and we will interface with the other brokerage to either transfer stock in or out of your account. The process typically takes 1-3 business days for Hong Kong stocks and 7-10 business days for U.S. stocks.

Under the U.S. Foreign Account Tax Compliance Act (FATCA), SoFi Securities (Hong Kong) Limited is required to collect and retain certain tax status information about you. You are required to provide a filled and signed W-8BEN form as documentation to determine your tax status as a  U.S. person or a non-U.S. person during account opening.

Generally, the form will remain valid for a period starting on the date the form is signed and ending on the last day of the third succeeding calendar year, unless a change in circumstances makes any information on the form incorrect. For example, a Form W-8BEN signed on September 30, 2014, remains valid through December 31, 2017. You can re-submit a new W-8BEN form via SoFi Hong Kong app when they are about to expire or you can download a physical form from our website anytime if there is any change of the information.

Be advised that failure to provide this information will force us to mark your account as recalcitrant, which may be subject to suspension and/or tax withholding on all withhold-able payments, as prescribed by pertinent law and regulation.

There are two main reasons for negative balance to appear in your account. First, when placing a market order, the actual amount needed to purchase your order might be higher than the indicative price shown on the app, hence the potential negative balance.

Another possible reason is that if a trade is placed from a different currency, e.g. buying US stocks with HKD balances, the difference in the currency exchange rates between the time of order placement vs fund conversion (normally on the next business day) will result in a negative balance.

You are advised to settle the negative balance as soon as possible, before we forced settle the amount. Interest may be incurred.

eDDA – Under normal circumstances, funds will be available for trading immediately. The deposit history is also available on “Balance” >> “Cash Instruction History” in-app.

• Transferring from [your registered bank account number]
• To [our bank account number]
• Transfer amount
• Date of completion

• eDDA has not been enabled
• eDDA has already been canceled by the bank or by you
• Insufficient HKD amount in your bank
• Amount exceeds your eDDA Transaction Limit
• Amount exceeds your eDDA Daily Transaction Limit

• Transferring from [your registered bank account number]
• To our bank account number
• Transfer amount
• Date of completion

Three simple steps to transfer stock into SoFi Hong Kong

1. Simply fill in the Stock Instruction Form in SoFi Hong Kong App. You can find it under the “Transfer Stocks to SoF” tab on [Settings] and [Balance] page.
2. Inform the firm currently holding your stocks (the counterparty) your transfer-out instruction.
3. Wait 3-5 business days (subject to the counterparty’s processing time) for your instruction to complete.

Important points to note:

1. It is important that your account name with the counterparty matches your account name at SoFi Hong Kong.
2. SoFi Hong Kong does not accept transfer of delisted and suspended stocks, Over-the-Counter (OTC), and Depository Trust Company (DTC) ineligible stocks.
   
3. Upon completion, your stocks will be reflected on the [Portfolio] page of the SoFi Hong Kong app and account statements accordingly.

SoFi Hong Kong does not charge any fees for transferring your Hong Kong and US stocks to our platform.

Auto Invest is SoFi Hong Kong’s robo advisor.

Based on your financial goals and comfort level with risk, Auto Invest uses a clever algorithm to intelligently invest your money in a globally diversified portfolio of US listed Exchange Traded Funds (ETF) covering over 13,000 stocks in over 35 countries.

Your investments will track a model portfolio, which is a diversified group of assets designed to achieve an expected return with a corresponding risk.

We build your portfolio of Exchange Traded Funds (ETF) from leading fund managers such as BlackRock and Vanguard. No need to worry about keeping an eye on all these investments because Auto Invest intelligently monitors your portfolio around the clock and will rebalance it based on market conditions.^

^Please refer to the risk disclosure under the Robo Advisory Agreement

SoFi charges no commission fee for you to enjoy the features within our trading app. We do not charge an additional portfolio fee on top for Auto Invest.

You will need to pay SEC Transaction Fees or Trading Activity Fees which are charged by the market when selling your stocks.

Understanding your risk attitude and tolerance is an important step before you start investing by taking a short questionnaire. Your risk profile determines what types of portfolio you can invest in.

There are 5 portfolios available:

1) Conservative, 2) Moderately Conservative, 3) Moderate, 4) Moderately Aggressive and 5) Aggressive.

For instance, a “Moderate” risk profile can only invest in portfolios that are Moderate or below. You can always resubmit your answers through the “Reassess” button.

Your minimum contribution to start investing is US$100. You may reference the following transaction amounts below.

• Minimum Contribution: US$100
• Min Monthly Recurring (Optional): HK$100
• Min Subsequent Deposit: US$10
• Min Withdrawal: US$10*

*If your asset balance is below US$100, your min. withdrawal amount is your asset balance. If you decide to withdraw from Auto Invest, your funds will be transferred to your Direct Invest account.

Yes. When setting up your new investment, you have the option to input an amount for your monthly contribution.

If you wish to make monthly recurring contributions and hold a bank account with HSBC / BOC, we support Direct Debit instructions. The amount you set will be directly debited from your bank account on a monthly basis. We will aim to process your Direct Debit on the 15th of every month. If the 15th falls on a Hong Kong public holiday, Direct Debit will be processed the next working day.

If you are a HSBC customer, to set up Direct Debit:

• Go to your HSBC HK Mobile Banking app
• Log in to your HSBC personal account, select Pay & Transfer > autoPay > Set up new autoPay
• Select your HSBC bank account which is registered with SoFi
• Select SoFi Securities (Hong Kong) Limited.
• Input your first 8-digit SoFi account ID
• Set frequency to Monthly.
• Input a maximum amount per transaction.

If you are a BOC customer, to set up Direct Debit:

• Go to your bank’s website
• Log in to your BOC online banking, select Payment > Direct Debit Authorisation
• Select the tab of merchant Proxy ID / Account Number, then select Merchant Account Number.
• Input the Merchant Account Number: 01274600010102. The Merchant Name is: SoFi Securities (Hong Kong) Limited.
• Input your first 8-digit SoFi account ID as Debtor Reference.
• Select HKD, and select Per Month as Payment Periodicity.
• Select your BOC bank account which is registered with SoFi.

Unfortunately, Direct Debit is not supported for other banks at the moment.

You have full control. You need to switch off your monthly direct debit setting at least 3 business days before the 15th of the month.

In order to do so:

• Under Auto Invest, select your investment portfolio
• Under “Monthly Contribution”, tap onto your current US$ amount.
• Toggle “Activate Monthly Direct Debit” to off.
• Hit “Save” at the bottom of the page.

If you wish to resume making monthly contributions, you need to re-activate direct debit following the steps above while toggling “Activate Monthly Direct Debit” to on.

Yes. No later than 3 business days before the 15th of each month, you need to edit the amount of your “Monthly Contribution”.

In order to do so:

• Under Auto Invest, select your investment portfolio
• Under “Monthly Contribution”, tap onto your current US$ amount.
• Ensure “Activate Monthly Direct Debit” is toggled on.
• Enter an amount into either the “USD” or “HKD” field.
• Hit “Save” at the bottom of the page.

US$10.

Please note your minimum portfolio value (amount after partial withdrawal) should not be lower than US$100. For instance, if your account has less than US$110, you will need to withdraw all your funds. If your account has more than or equal to US$110, you may sell parts of your funds with a minimum order amount of US$10 as long as the remaining amount is US$100.

Auto Invest transactions are all in USD only. Your order is accepted when you have sufficient USD balance in your Direct Invest account. We will transfer the USD available in Direct Invest to Auto Invest automatically. If you have set up a direct debit, we will debit the amount from your linked bank account in HKD and deposit into your Auto Invest account after converting to USD on the transaction date.

If your portfolio deviates from the model portfolio under certain scenarios, Auto Invest will trigger auto-rebalancing to optimise your portfolio.

For example, the model portfolio allocates 10% of your invested amount to ETF A. When price moves and differs the actual allocation to relatively 20% above or below the model percentage (e.g. more than 12% or less than 8% in the actual allocation of ETF A), Auto Invest will automatically rebalance for you. If price goes up, Auto Invest will sell part of your ETF A and buy other ETFs in the model portfolio to bring your investment back to the optimal allocation.

Please refer to the section REBALANCE under the Robo Advisory Agreement for more details.

You can cancel your order by calling our customer service hotline before 23:59 on the execution date.

Easily switch between Auto Invest and Direct Invest interfaces by tapping “Auto Invest” or “Direct Invest” at the top of the app.

4pm HKT. Any instructions received after 4pm will be processed on the next working day. 

HKD30 monthly platform fee is an account maintenance fee charged to SoFi members for using our services whilst covering our operating costs to enhance members’ investing experience.

For any existing clients opened before 1 November 2023, you will continue to be charged with the HK$30 monthly platform fee until you have made at least one trade (excluding any trades under your robo advisory account(s) ) on or after 1 January 2024.
For any new clients opened on or after 1 November 2023, you are not subject to the HK$30 monthly platform fee.

*Terms and conditions apply

The monthly platform fee will be effective in October 2021 and the October monthly platform fee will be charged to your account on 1st November 2021.

Yes, the monthly platform fee will be charged each month. But if you hold under HK$30 worth of net assets with us, the monthly platform fee will be waived for the month.

*Terms and conditions apply

The monthly platform fee will apply if you have at least HK$30 worth of net assets (Cash + Stock) with us. The monthly platform fee will be deducted from your brokerage account.

If there is insufficient Hong Kong dollars, your account will be in negative balance and may start to accrue interest. If you have any other currencies in your brokerage account, we will automatically convert them to cover your negative balance on the next business day.

Lend and Earn 2.0 (also known as ‘Securities Lending Program’) allows SoFi Hong Kong to borrow the shares from your SoFi accounts on a principal basis. By lending securities in your SoFi account, you will obtain extra income on your loaned securities.

Yield Extra Income – When your shares are on loan, you will receive interest based on the collateral amount and market rates, plus extra net income from the loaned securities.

Easy to Manage – Just sit back and enjoy extra income! Once you participate in Lend and Earn 2.0, we will manage the share lending process so you will be hassle-free.

Highly Flexible – You can sell your shares with no restrictions, no change at all.

When your shares are loaned, collateral will be given to you. SoFi Hong Kong will share with you 50%* of the combined sum of the loan fee of your loaned securities and the interest earned on the collateral.

The income you can earn will depend on market conditions such as the interest rate of the collateral, the loan fee and the sharing percentage from SoFi Hong Kong. The income will be posted to your account on a monthly basis.

You can see the return on your statement once it’s posted.

*SoFi Hong Kong may in its sole discretion change the sharing percentage and methodology from time to time. The relevant information will be posted on the website.

If you are one of the invited members, you can simply login your SoFi Hong Kong App and tap “Settings” > “Enable Lend and Earn” to participate in Lend and Earn 2.0. If you have any problems with participating in the program, please contact our Customer Service Team.

There’s no guarantee that all shares in your account will be loaned through Lend and Earn 2.0 as there may not be a demand for certain shares.

The market rate fluctuates. If the market rate is too low you may not receive any income even if the shares are being lent. If the market value of the loaned securities is low, you may not receive any income either.

Yes. You can sell your shares at any time with no restrictions, no change at all.

Please note that you continue to own loaned securities and have market risk on those securities.

Please refer to Part B of the Securities Lending Agreement for further details on the risks involved with the program.

Not yet, the shares in your Margin Account are currently not eligible for the Program. Only the shares in your cash account are eligible. This may change in the future as we plan to extend the Program to Margin Account.

Yes. Fractional Shares can also be lent.

No. Once you participate in Lend and Earn 2.0, SoFi Hong Kong will manage the process and arrangement for share lending. You will not be able to choose what and when the shares will be lent.

No. You will not have voting rights on loaned securities as they are transferred to the borrower. 

The voting rights will be reinstated to you if the loan has terminated, or if you wish to retain voting rights on loaned securities, please instruct SoFi Hong Kong to return the loaned securities five business days prior to the record date.

When your shares are loaned, SoFi Hong Kong will provide you with the collateral. The collateral will be held in a designated account maintained by a financial institution outside Hong Kong. You will not be able to see the collateral in the app nor withdraw any of the collateral unless there is an occurrence of a default from SoFi Hong Kong. The collateral will be given to you in the form of cash and shall equal at least 100% of the market value of the loaned securities as per the closing price of the day before the last trading day.

SoFi Social is SoFi Hong Kong’s social-trading feature. With SoFi Social, you can view and follow other members’ portfolio to be inspired by their trades and see what they have bought and sold and vice versa.

From there, you can learn from other members, discover the investment trends, and see how far you’ve come in your investing journey.

Your activities are shared anonymously using your avatar and nickname just like every other SoFi Hong Kong member. All personal details remain private.

You can change your Social Opt In in Preferences in Settings page any time if you don’t want to share such information.

Simply toggle on/off Social Opted Out in Settings page. We will process your request which will take maximum 24 hours to be effective.

The Leaderboard showcases top 20 members in the SoFi community which updates every day. They are ranked by scores based on profit, diversifying their portfolios and balancing Return vs Risk.

While the Feed section is updated constantly during trading hours, the Leaderboard is updated daily. Due to data processing, performance, transactions and holdings information might delay. To view your real-time holdings, please go to Direct Invest.

Feed shows you the trending stocks and the trading activity of other members. Feeds are updated constantly during trading hours.

eDDA is a fast deposit method for HKD based on the HKMA’s FPS service. After the setup, you can top up your balance in the SoFi app instantly without uploading any proof of deposit, and funds will be available for trading immediately.

*Subject to the processing time of your bank(s)

You can set up eDDA without leaving the SoFi app.

1. On Balance Page:
   (a) “Manage Bank Accounts” – Choose your bank account – “Enable eDDA”
   (b) “Deposit” – Choose “eDDA” as Deposit Method – “Enable eDDA”
2. Verify your bank account information.
3. Wait for your bank to process the authorization which is usually processed within 5 minutes.

After the setup, you can initiate an eDDA deposit.

Go to the “Deposit” page, choose “eDDA” as the deposit method, and your funds will be available for trading immediately

eDDA processing time varies from bank to bank. It’s usually processed within 5 minutes. You can continue to deposit with another method during this period.

Under normal circumstances, funds will be available for trading immediately.

After the fund has been successfully deposited, you will receive a push notification. The deposit history is also available on “Balance” >> “Cash Instruction History” in-app.

Supported currency: HKD.

SoFi members can enjoy eDDA service free of charge.

The minimum amount for eDDA is HKD1,000.

We currently support HSBC, BOC, Hang Seng Bank, Standard Chartered and ZA Bank. We will be expanding to support more banks in the future.

eDDA setup failure could be caused by the reasons below.

1) Your bank or account type are invalid. Please ensure the account: – must be your own bank account;

– must be a bank supported by SoFi’s eDDA, i.e. HSBC, BOC, Hang Seng Bank, Standard Chartered and ZA Bank;

– must be HKD currency account;

– must be personal account, cannot be joint or company account

2) Incorrect bank account information. Please ensure:

– your bank’s registered name is the same as SoFI’s record

– your bank’s registered identity document number is the same as SoFi’s record

– your bank’s registered phone number is the same as SoFI’s record

Your deposit instruction could have failed due to the reasons below:

– eDDA has not been enabled

– eDDA has already been canceled by the bank or by you

– Insufficient HKD amount in your bank

– Amount exceeds your eDDA Transaction Limit

– Amount exceeds your eDDA Daily Transaction Limit

No, all eDDA deposit instructions must be initiated by you in the SoFi App. SoFi will only send requests to the bank according to your instructions.

Safe: eDDA complies with the regulations of both the Hong Kong SFC and the HKMA.

Optimized: You can initiate an instant deposit instruction in the app without the hassle of uploading the transfer proof.

Free: eDDA setup and the deposit service in SoFi App are free of charge.

Instant: After initiating the deposit, funds will normally arrive within 5 minutes.

Click here for the eDDA set up Walkthrough

Click here for the eDDA deposit funds Walkthrough

Extended hours trading refers to trading US stocks outside of core trading hours (i.e. 9:30am – 4:00pm EST). Pre-market trading occurs before the core trading session and after-hours trading occurs after the core trading session.

Pre-market 4:00am – 9:30am EST

After-hours 4:00pm – 8:00pm EST

In the event of half day trading, the core trading session closes at 1:00pm EST and the after-hours trading ends at 5:00pm EST.

Extended hours trading allows investors to react instantly to the latest company events or key economic indicators announcements and take action without waiting for the start of the core trading session. With the time zone difference, it also allows investors to trade at more convenient times.   

Compared to core hours trading, there are generally less investors participating in the extended hours trading and therefore it is of lower liquidity. Prices are usually more volatile and price spreads between the bid and ask prices are wider during extended hours due to less trading activity. As a result, you may find that your order is more difficult to get executed and in some cases is of less favorable price than what you could have in core trading hours. 

Trading in Extended Trading Hours may come with additional risks and may not be appropriate for all investors. Please refer to the risk disclosure under our Customer Agreement for more details.

Most U.S. stocks are available for extended hours trading. However, it is possible, at any time, the trading of certain stocks may not be available due to lack of buyers or sellers. 

*SoFi HK may not facilitate the trading of any OTC securities during extended trading hours.

Placing an order for extended hours trading is easy. Go to the Order Ticket in the SoFi Hong Kong app, toggle the Extended Hours Trading button before placing your order. If you choose to enable Extended Hours Trading for your order, the order will be queued in the market for all applicable trading sessions (pre-market, core trading and after-hours sessions) and remain valid until it is fully executed, canceled or expired.

Only Limit Orders, Good Till Date Orders and Stop Limit Orders are accepted for extended hours trading.

Your order placed with Extended Hours Trading enabled will remain in effect until it is fully executed, canceled, or expired. For example, if your order is partially executed in the pre-market session, it will be carried over to the core trading session and then to the after-hours session until it is fully executed, canceled or expired. Any outstanding orders will expire when the order’s expiration date is reached.

It depends on whether you have enabled Extended Hours Trading for your specific order. If you enable Extended Hours Trading for your order, it will be triggered and sent to market once the Stop Price is hit, regardless of the trading sessions. 

Yes, real time prices of pre-market and after-hours sessions are indicated with a ☀️ and 🌜icon respectively in the SoFi Hong Kong app.

Your Profit and Loss figure will change according to the price movements in the pre-market and after-hours sessions. Once the after-hours session ends, we use the official closing price from the core trading session to calculate the Market Value and Profit and Loss of your holdings and show them in the SoFi Hong Kong app and on your statements (for Market Value only).

In the event that no market data is available for a particular stock in the pre-market or after-hours session, we use the latest available closing price from the core trading session to calculate the Market Value and Profit and Loss.

Yes, margin clients can trade as usual during the pre-market and after-hours sessions. You can also see your real time margin status from the app. 

If at any time a margin call does occur (including but not limited to the Core Trading Session and Extended Hours Trading Sessions) , SoFi Hong Kong may in its sole discretion, without giving you prior notice sell or otherwise dispose all or part of your stocks and/or close out all or part of your open orders.