China CITIC Bank International has launched a Foreign Exchange and Gold Margin Trading Service online platform in a move to provide high net worth individuals including the Bank’s Private Banking customers as well as those from China CITIC Bank with increased convenience in cross-border foreign exchange and gold margin trading.
The foreign exchange market is the largest financial market in the world. Recent fluctuations in the foreign exchange market provide discerning investors with ample opportunity. Although many banking institutions in Hong Kong offer foreign exchange margin trading services, but most do so via the telephone and only a few are equipped with a sophisticated 24-hour online trading platform.
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In view of this, CNCBI has two years ago kicked off development of a top-notch Foreign Exchange and Gold Margin Trading Service online platform, keeping in mind the importance of system performance, stability and security. Customers in Hong Kong, mainland China and across the globe may now carry out trading activities at any time and from any worldwide locations by simply logging into the Bank’s online banking service.
Mrs. Helen Kan, Executive Director, Alternate Chief Executive Officer & Group Head of Personal & Business Banking, China CITIC Bank International, notes, "As the offshore platform for China CITIC Bank, CNCBI has always focused its sight on providing top-quality borderless banking services to customers on both sides of the Chinese border as well as those from abroad. The launch of the Foreign Exchange and Gold Margin Trading Service online platform not only enriches the Bank’s wealth management product suite but it also demonstrates the Banks’ business focus of ‘Cross-border Synergy, Innovative Development’, allowing more high net worth customers worldwide to manage their investment and financial needs with greater ease, while driving the Bank towards achieving its aspiration of becoming customers’ ‘China Bank of Choice’."
The Foreign Exchange and Gold Margin Trading Service online platform incorporates such advanced features as professional charting tools including a wide range of technical indicators, alongside 24hour real-time streaming quotes in the order placing environment, helping customers to keep a finger on the pulse of the price movements as they place their orders.
The Bank’s Foreign Exchange and Gold Margin Trading Service offers 29 contracts including major currencies against the dollar, cross currencies and gold, with the minimum lot size set at $100,000 (base currency) or 100 ounces of gold. The platform also includes market orders placing, pending orders placing as well as stop-loss and take-profit price setting for every position, in addition to monthly and daily e-statements for easy account management.
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