Founded in 2000, KIWOOM SECURITIES is an unregulated Korean securities company, offering trading services in stocks, bonds, debt, securities, futures, options, derivatives, mezzanine, private equity, and arbitrage with multiple trading platforms to choose from.
Pros and Cons
Is KIWOOM SECURITIES Legit?
No, although KIWOOM SECURITIES has a variety of businesses, there is no information to prove that international or local financial institutions regulate KIWOOM SECURITIES.
What Can I Trade on KIWOOM SECURITIES?
Kiwoom Securities provides online brokerage services in Korea and internationally.
The company offers online trading services, including domestic and international equities, futures, foreign exchange margin trading, equities, futures and options trading, and is also involved in financial derivatives, equity capital market services, debt capital market services, and banking and financial services for local residents and small and medium-sized businesses.
KIWOOM SECURITIES Fees
Stock Fee
Kiwoom Securities offers a range of trading services with fees varying from 0.015% to 0.5% for stocks, 0.5% for futures, 0.0051949% for bond transactions, and additional taxes and fees for sales, with special discounts for new and visually impaired customers, and a tiered margin collection rate.
Options Fee
Kiwoom Securities charges varying option fees based on the price unit, with rates ranging from 0.14% to 0.2% plus additional won for KOSPI and KOSDAQ options, and a tiered fee structure for individual stock options and U.S. Dollar options.
Foreign Stocks Fee
Kiwoom Securities offers foreign stock trading with varying fees depending on the country, ranging from 0.23% in Japan to 0.6% in Indonesia, and specific tax rates and minimum fees, with a consultation fee standard based on asset deposits and transaction amounts.
Overseas Futures & Options Fee
Kiwoom Securities charges overseas futures and options fees ranging from $2 to $10 online and $4 to $10 offline, depending on the currency and contract size, with specific margin requirements for each product.
FX Margin Fee
Kiwoom Securities offers a FX margin fee structure with no trading fees, only spread fees, and a negotiable fee of up to USD 2.5 per contract for select customers based on factors like average commitment, customer grade, and profit contribution, with a minimum application period of 1 month and a maximum of 6 months.
CFDs Fees
Kiwoom Securities' CFD service offers a commission structure with online and offline rates of 0.15% for domestic and foreign stocks, and a tiered consultation fee ranging from 0.11% to 0.15% based on the customer's base commitment, with additional position costs for buying off and selling.
Spot Gold Fee
Kiwoom Securities charges spot gold fees of 0.3% for Heroic Gate 4 and Heromoon S, with included VAT and additional small fees, and 0.5% for Kiwoom Financial Center transactions, also including VAT.
Bond Fee
Kiwoom Securities offers a reduced OTC bond fee system with rates from 0% to 0.15% depending on the bond's maturity, and a consultation fee for purchasing Brazilian government bonds online, with rates over 0.08% to 0.09% per annum based on the transaction amount.
Kiwoom Securities offers free transfers within its network and charges KRW 500 for third-party withdrawals, KRW 2,000 to 5,000 for subscriptions, and KRW 2,000 to 10,000 for shipping and document services.
Trading Platform
Kiwoom Securities provides multiple trading platforms including Heroic Gate 4 for domestic stocks, Heroic Gate Global for international commodities, Heroic Gate EASY and Lightning3 for simplified trading interfaces, and Heromoon S# and T Plus for mobile and tablet access, respectively, along with Securities Plus and Securities Box for investment information and quick stock checks.
