TOP Financial Group Ltd

TOP Financial Group Ltd operates an online brokerage firm in Hong Kong, specializing in the trading of local and overseas equities, futures, and options products. The company's clients primarily reside in Asia, with a current focus on expanding its customer base to Southeast Asian investors. TOP Financial Group Ltd licenses third-party trading platforms, which enable investors to trade approximately more than 100 futures products on multiple global exchanges. These exchanges include the Chicago Mercantile Exchange (CME), Hong Kong Futures Exchange (HKFE), The New York Mercantile Exchange (NYMEX), The Chicago Board of Trade (CBOT), The Commodity Exchange (COMEX), Eurex Exchange (EUREX), ICE Clear Europe Limited (ICEU), Singapore Exchange (SGX), Australia Securities Exchange (ASX), Bursa Malaysia Derivatives Berhad (BMD), and Osaka Exchange (OSE). The company's trading volume of futures contracts was 2.97 million trades in fiscal year 2023, 2.27 million trades in fiscal year 2024, and 1.12 million trades in fiscal year 2025. The total number of registered customers increased from 296 as of March 31, 2023, to 329 as of March 31, 2024, and further increased to 355 as of March 31, 2025. In fiscal year 2023, TOP Financial Group Ltd had 34 revenue-generating accounts, comprising 12 for futures trading, 12 for securities trading, and 10 for trading solution service. In fiscal year 2024, there were 51 revenue-generating accounts, with 15 for futures trading, 27 for securities trading, and 9 for trading solution service. In fiscal year 2025, the company had 52 revenue-generating accounts, including 20 for futures trading, 26 for securities trading, and 6 for trading solution service.