Where are my funds held and how are they protected?

BOOM client funds are held in a "trust" account at BOOM's designated banks. A trust account prohibits a broker from transferring or accessing client funds for any purpose other than dealing on behalf of its clients. Under Section 149(1) of the Securities and Futures Ordinance, BOOM must keep proper records in relation to all amounts paid into a trust account and all withdrawals from the trust account to prove that no misappropriation has taken place. Under any circumstances, your money cannot be claimed or accessed by anyone except clients themselves.

Where are my securities held?

For Hong Kong stocks your shares will be kept in our clearing and safekeeping account (account number: B02132 under the name of Boom Securities (H.K.) Limited) with CCASS. For stocks of other markets, your shares will be kept in our agent's clearing and safekeeping account with local central depositary. To facilitate corporate action entitlements, shares will be registered in our nominees' names.