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Influence index NO.1
+852 3988 6000
(852) 3988 6000
I was cheated by BOC. Everyone should be careful.
Actually, your software is manipulated by other people. Your software can be invalid at any time
The money was successfully withdrawn but it didn’t reach the bank card, but I was asked to get my ID card, and then I could withdraw the money after recharging
Click withdrawal button at over 2,000. At first, I can’t contact the customer service and I left my contact details. Then the app was disabled. I have to contact the customer service every time I deposit and withdraw funds. It’s a 100% scam
An individual tax was asked for before a withdrawal.
BOC gave no access to withdrawal and even canceled my account. After several times of trial, the trading became unavailable.
I was asked to pay margin before a withdrawal. As long as you deposited fund, there would be varied stipulations that hinder your withdrawal request and ask for fee.
My account was frozen because I offered the wrong info. And I was asked to pay the same amount money as my withdrawal and upload my ID card photo and bank card photo. I don’t listen to him cuz I don’t know whether it is true. What should I do?
Stay away from this scam platform which gives no access to withdrawals.
The platform, with the excuse of insufficient credit score and individual tax, induced me to add fund, giving no access to withdrawal.
[d83d][de20][d83d][de20][d83d][de20] I asked the customer service what else do I have to pay. But the ill-mannered customer service just push me to deposit insurance money and individual income tax.
Don’t have enough money so I borrowed some from them. And they said we could withdraw funds after repayment! So my friend paid back money. But they said the account didn’t belong to him, so he was suspected of money laundering! Freeze the money returned. Ask for repayment again or freeze my account forever. I don’t know whether I can withdraw funds or not after the repayment. I can just accept the loss.
The activity required me to deposit fund constantly. But the withdrawal is unavailable.
Fraud platform. It rejected my withdrawal due to wrong bank information and asked me to pay margins. Then it blocked me from the website.
I can’t contact the platform directly. This woman contacted me and said the platform was upgrading. This thing happened last October and I can’t contact the woman later. Luckily, I didn’t deposit much money or I don’t know what to do.
A friend which I haven’t met ever before recommended me BOC . Without hesitation, I downloaded. The beginning trading was smooth. On the 21st, my friend helped me to gather 100 thousand yuan. The customer service recommended a deposit set, i.e., deposit 500 thousand get 58888 yuan. After doing so, I was refused to withdraw fund. The service claimed that I hadn’t met the standard of 500 thousand deposit within 5 days, thus, a daily 25 thousand was required. I am afraid of a fraud platform. Please clear the fake platforms in case of exerting a bad influence on the official platform.
|Registered Country/Area||Hong Kong|
|Founded Year||15-20 years ago (exact founding year not specified)|
|Company Name||Bank of China International Holdings Limited (BOCI)|
|Regulation||Regulated in Hong Kong by the Securities and Futures Commission|
|Trading Platforms||BOCI mobile application, online trading platform provided by BOCI Securities Limited|
|Tradable Assets||Energy (crude oil, refined petroleum products), Base Metals (copper, aluminum, lead, zinc, nickel, tin), Precious Metals (gold, silver, platinum, palladium), Agricultural Products (wheat, corn, soybeans, palm oil), Investor Products (mutual funds, bonds, structured investment products)|
|Account Types||Not specified|
|Service||Investment Banking, Securities Sales and Derivative Products, Private Banking, Sales, Trading, and Research, Asset Management|
|Customer Support||Phone, email, fax|
|Payment Methods||Online banking services, Fast Payment System (FPS)|
|Educational Tools||Access to educational materials and tools provided by NASDR and SEC|
BOCI (Bank of China International Holdings Limited) is a Hong Kong-based financial company that offers various services, including investment banking, securities sales and derivatives, private banking, sales, trading, and research, as well as asset management. They provide market instruments across different sectors, such as energy (crude oil and refined petroleum products), base metals (copper, aluminum, lead, zinc, nickel, and tin), precious metals (gold, silver, platinum, and palladium), agricultural products (grains and oils), and investor products (mutual funds, bonds, structured investment products, securities lending, and employee stock ownership plans). However, there are concerns about a suspicious clone associated with BOCI Securities Limited, raising potential risks and scams.
BOCI offers multiple trading platforms, including a mobile application and an online trading platform. The mobile app provides real-time stock quotes for Hong Kong stocks and delayed quotes for U.S. stocks, along with additional features. The online trading platform enables customers to engage in securities trading in Hong Kong and global markets, with access to research reports and potential commission savings. Personalized services are provided by client managers, and customers can reach the 24/7 phone investment service center for assistance.
It is important to exercise caution when dealing with BOCI due to negative reviews regarding difficulties in fund withdrawals, fraudulent practices, and unresponsive customer service. Customers have reported additional margins or taxes required for withdrawals, frozen or blocked accounts, and misleading promotions. Careful consideration of these factors is advised before engaging with BOCI.
BOCI has several notable advantages, including being regulated by the Securities and Futures Commission and offering a wide range of market instruments. They provide investment banking services, securities sales, and derivative products, as well as private banking services. BOCI also offers sales, trading, and research services, and provides various trading platforms for customer convenience. Additionally, they offer base deposit and withdrawal options and trading tools to calculate costs. However, there are potential drawbacks to consider, such as reports of a potential scam associated with a clone of BOCI Securities Limited, negative reviews and complaints about the platform, and concerns about unresponsive customer service. There have been reported difficulties with fund withdrawals and frozen accounts, as well as potential additional fees for specific services. Some users have also mentioned misleading promotions and difficulties in contacting the platform.
|Regulated by the Securities and Futures Commission||Potential scam associated with a clone of BOCI Securities Limited|
|Offers a wide range of market instruments||Negative reviews and complaints about the platform|
|Provides investment banking services||Reports of unresponsive customer service|
|Offers securities sales and derivative products||Concerns about fund withdrawals and frozen accounts|
|Provides private banking services||Potential additional fees for specific services|
|Offers sales, trading, and research services||Misleading promotions and difficulties in contacting|
|Provides various trading platforms|
|Base deposit and withdrawal options|
|Offers trading tools to calculate costs|
According to the provided information, BOCI Commodities & Futures Limited and BOCI Securities Limited, both licensed institutions, are regulated in Hong Kong by the Securities and Futures Commission. However, there is a mention of a suspicious clone associated with BOCI Securities Limited, and WikiFX has received 18 complaints about this broker in the past three months, indicating potential risks and a possible scam. It is important to exercise caution when dealing with this institution.
BOCI offers a range of energy market instruments, including various types of crude oil such as WTI, Brent, and Dubai/Oman. Additionally, they provide refined petroleum products such as fuel oil, diesel, gasoline, liquefied petroleum gas (LPG), naphtha, and aviation kerosene.
BOCI's market instruments cover basic metals traded on the London Metal Exchange. These include copper, aluminum, lead, zinc, nickel, and tin. These instruments enable investors to participate in the price movements of these metals.
Investors can also access precious metals through BOCI's instruments. They offer spot gold and spot silver, as well as products traded on the New York Mercantile Exchange, such as gold, silver, platinum, and palladium. These instruments allow investors to take positions in the market prices of these precious metals.
BOCI provides market instruments for agricultural commodities, including grains and oils. Investors can trade in wheat, corn, soybeans, palm oil, and other related products. These instruments enable investors to participate in the agricultural market and take advantage of price fluctuations in these commodities.
BOCI offers a range of investor products, including mutual funds, bonds, structured investment products, securities lending, and employee stock ownership plans. These products provide investors with opportunities for potential returns and diverse investment options.
Pros and Cons
|Offers a diverse range of energy market instruments||Lack of specific details on trading conditions|
|Provides access to base metals and their price movements|
|Enables investors to participate in the market prices of metals|
1. INVESTMENT BANKING:
BOCI provides investment banking services to its clients. This includes services such as initial public offerings (IPOs) for new stock listings, mergers and acquisitions (M&A) transactions, stock placement and allotment, corporate restructuring, privatization, and other related services. BOCI has experience in handling various project cases and offers leveraged and structured financing options.
2. SECURITIES SALES AND DERIVATIVE PRODUCTS:
BOCI engages in the sales, trading, and research of securities and derivative products. They offer a range of investment products and services, including bonds issuance and underwriting, fixed income structured products, foreign exchange and interest rate trading services, offshore Renminbi (RMB) structured products, and credit products.
3. PRIVATE BANKING:
BOCI provides private banking services, catering to the needs of high-net-worth individuals and families. Their wealth management team offers personalized services and manages clients' portfolios. The private banking services encompass a wide range of products, including investment products, wealth management services, and a client service platform.
4. SALES, TRADING, AND RESEARCH:
BOCI offers sales, trading, and research services related to stocks, futures, and commodities. They provide institutional global stock services, stock research, futures trading, fixed income research, and credit product sales and trading, including convertible bonds and offshore RMB bond sales.
5. ASSET MANAGEMENT:
BOCI has an asset management arm that manages investment products and offers asset management services. They provide a variety of investment options and strategies for investors, covering both on-exchange and off-exchange transactions. Their product range includes commodity strategies and global commodity coverage.
BOCI's fees and commissions for Hong Kong stock services include negotiated and confirmed commissions, market transaction fees (0.00565% of transaction amount), stamp duty (0.13% of transaction amount, minimum HKD 1), Hong Kong Exchange transaction and settlement fees (0.00565% of transaction amount), and transaction levies (0.0027% of transaction amount). Other fees include securities deposit and withdrawal charges, agent services fees, stock custody fees, and various fees for specific services. It's important to note that these fees are subject to change and may vary based on the specific service and transaction involved.
BOCI provides multiple deposit and withdrawal options for their customers. One method is through the “Fast Payment System” (FPS). Customers can use the BOCI Mobile App to initiate deposits quickly and securely, without the need for registration. Alternatively, they can use their online banking platform to make FPS transfers by entering BOCI's FPS ID and their BOCI account number. Funds deposited through FPS are generally credited to the BOCI securities account on the same day or the next working day, depending on the time of the deposit request.
Customers can also utilize online banking services offered by various banks, such as Bank of China (Hong Kong), HSBC, Hang Seng Bank, and Standard Chartered Bank. Each bank has specific instructions for registering and making payments to BOCI Securities Limited using the customer's BOCI account number.
For depositing securities, customers need to sign the stock certificates and provide their BOCI client number on the front and back of each certificate. The stock certificates should be personally delivered to BOCI Securities Limited's address in Hong Kong. It's important to note that the registered name on the stock certificate must match the name in the BOCI securities account. After BOCI confirms the storage of the stock certificates, they can be traded within the customer's BOCI securities account.
Pros and Cons
|Multiple deposit and withdrawal options||Registered name on stock certificate must match account name|
|Fast Payment System allows quick and secure deposits||Stock certificates need to be personally delivered|
|Utilization of online banking services from various banks|
BOCI offers a range of trading platforms to cater to different customer needs. The “BOCI” mobile application serves as a multi-functional platform, providing real-time stock quotes for Hong Kong stocks and delayed quotes for U.S. stocks. It also includes features like a business transaction center and a social circle. Customers can download the app for free from the APP Store or Google Play Store.
For online trading, BOCI Securities provides platform that allows customers to engage in securities trading in Hong Kong and global markets, such as the U.S. and Canada. The platform offers instant online quotes, account monitoring, and access to exclusive research reports on the Greater China stock market. It also offers potential commission savings through online account management.
To enhance customer experience, BOCI has a team of client managers who provide personalized services, including account arrangements, market trend information, portfolio analysis, and tailored investment plans. Additionally, customers can access their trading accounts through mobile devices and contact the 24/7 phone investment service center for any investment-related inquiries.
|Provides a multi-functional mobile application||No alternative platforms available|
|Offers online trading platform for Hong Kong and global markets||Limited information on platform features|
|Experienced client managers for personalized services||Lack of information on trading fees and costs|
BOCI provides trading tools to assist investors in calculating costs and estimating investment expenses. These tools include a cost calculator and a trading cost calculator. Users can input specific details such as the type of securities, quantity, price, minimum commission, and commission percentage. By inputting these parameters, investors can calculate and estimate their investment costs. These tools provides users with a clearer understanding of their potential expenses and assist in making informed investment decisions.
BOCI offers several payment methods for their customers. These include online banking services provided by banks like Bank of China (Hong Kong), HSBC, Hang Seng Bank, and Standard Chartered Bank. Additionally, BOCI supports payments through the Fast Payment System (FPS), allowing customers to quickly transfer funds to their BOCI securities account using the FPS ID and their BOCI account number.
BOCI offers a range of educational resources to assist investors. These resources include access to the educational materials and tools provided by the National Association of Securities Dealers Regulation, Inc. (NASDR) and the Investor Education program of the Securities and Exchange Commission (SEC) in the United States.
BOCI provides customer support through various contact channels. For general inquiries and information, customers can reach out to the main office at Hong Kong's Garden Road, Central, by calling (852) 3988 6000 or sending a fax to (852) 2147 9065. They can also contact BOCI's Asia branch at the same location, with contact details available at (852) 3988 6000 or via email at email@example.com. For specific securities-related inquiries, customers can contact BOCI Securities at their office in Central at (852) 3988 6333 or through email at firstname.lastname@example.org. Additionally, another office is located at New World Tower on Queen's Road Central, with contact details available at (852) 2718 9888 or via fax at (852) 2718 9966. These contact options provide customers with direct access to BOCI's customer support for any queries or assistance they may require.
There have been numerous negative reviews of BOCI on WikiFX. Traders have reported being unable to withdraw their funds, encountering fraudulent practices, and experiencing unresponsive customer service. Some users mentioned being asked to pay additional margins or taxes before withdrawal, while others had their accounts frozen or blocked. There were also complaints about misleading promotions and difficulties in contacting the platform. Overall, the reviews highlight concerns regarding BOCI's credibility and reliability as a trading platform.
In conclusion, BOCI offers a range of market instruments in various sectors such as energy, base metals, precious metals, agricultural products, and investor products. The company provides investment banking, securities sales and derivative products, private banking, sales, trading, and research services, as well as asset management. BOCI's trading platforms and tools assist investors in making informed decisions. However, caution is advised due to reports of a suspicious clone associated with BOCI Securities Limited and negative reviews indicating potential risks and concerns regarding the platform's credibility and reliability. It is essential for individuals to exercise caution and conduct thorough research before engaging with BOCI.
Q: Is BOCI a legitimate company？
A: BOCI Commodities & Futures Limited and BOCI Securities Limited are licensed institutions regulated by the Securities and Futures Commission in Hong Kong. However, there have been reports of a suspicious clone associated with BOCI Securities Limited and negative reviews indicating potential risks and a possible scam.
Q: What market instruments does BOCI offer？
A: BOCI offers energy market instruments (crude oil, refined petroleum products), base metals (copper, aluminum, etc.), precious metals (gold, silver, etc.), agricultural products (grains, oils), and investor products (mutual funds, bonds, etc.).
Q: What services does BOCI provide？
A: BOCI provides investment banking, securities sales and derivative products, private banking, sales, trading, and research, and asset management services.
Q: What are the fees and commissions of BOCI？
A: BOCI's fees and commissions vary depending on the specific service and transaction but may include negotiated commissions, market transaction fees, stamp duty, and various other fees.
Q: How can I deposit and withdraw funds with BOCI？
A: BOCI offers multiple deposit and withdrawal options, including the Fast Payment System (FPS) and online banking services provided by various banks.
Q: What trading platforms does BOCI offer？
A: BOCI offers a mobile application for real-time stock quotes and an online trading platform for securities trading in Hong Kong and global markets.
Q: Does BOCI provide educational resources？
A: Yes, BOCI offers access to educational materials and tools provided by regulatory organizations in the United States.
Q: How can I contact BOCI's customer support？
A: BOCI's customer support can be reached through phone, fax, or email, with contact details provided for different offices.
Q: What are the reviews of BOCI？
A: There have been negative reviews of BOCI, with reports of withdrawal issues, fraudulent practices, unresponsive customer service, and account freezes. Users have raised concerns about credibility and reliability.
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