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Service Fees & Charges

Service Fees & Charges

Futures and Options Charges (Each Contract)

Product
Commission (Phone In) (HK$)
Daytrade
Overnight
Commission (Internet) (HK$)
Daytrade
Overnight
Trading Fee (HK$) Transaction Levy (HK$)
HSI Futures#
Daytrade:$50
Overnight:$90
Daytrade:$30
Overnight:$50
$10 $0.54
MHI Futures#
Daytrade:$16.5
Overnight:$26.5
Daytrade:$12
Overnight:$20
$3.5 $0.1
HHI Futures#
Daytrade:$30
Overnight:$50
Daytrade:$20
Overnight:$30
$3.5 $0.54
MCH Futures#
Daytrade:$16.5
Overnight:$26.5
Daytrade:$12
Overnight:$20
$2 $0.1
HSI Dividend Futures
Daytrade:$20
Overnight:$30
Daytrade:$10
Overnight:$20
$3 $0.54
HSCEI Dividend Futures
Daytrade:$20
Overnight:$30
Daytrade:$10
Overnight:$20
$3 $0.54
HSI Volatility Index Futures
Daytrade:$150
Overnight:$150
Daytrade:$100
Overnight:$100
$10 $0.54
BRICS Futures
Daytrade:$30
Overnight:$50
Daytrade:$20
Overnight:$30
$10 (Brazil), $5 (Russia, South Africa, India) $0.54
Stock Futures
Daytrade:$8.5
Overnight:$16.5
Daytrade:$8.5
Overnight:$16.5
$3.5
Auto Settlement $10
$0.1
London Aluminium Mini Futures RMB 16.5 RMB 12 RMB 3 RMB 0.44
London Zinc Mini Futures RMB 16.5 RMB 12 RMB 3 RMB 0.44
London Nickel Mini Futures RMB 16.5 RMB 12 RMB 3 RMB 0.44
London Tin Mini Futures RMB 16.5 RMB 12 RMB 3 RMB 0.44
London Lead Mini Futures RMB 16.5 RMB 12 RMB 3 RMB 0.44
London Copper Mini Futures RMB 16.5 RMB 12 RMB 5 RMB 0.44
EUR/CNH Futures RMB 30 RMB 8 RMB 5 -
JPY/CNH Futures RMB 30 RMB 8 RMB 5 -
AUD/CNH Futures RMB 30 RMB 8 RMB 5 -
USD/CNH Futures* RMB 30 RMB 15 RMB 8 -
CNH/USD Futures USD 4 USD 1 USD 0.6 -
5-Year China MOF T-Bond Futures RMB 30 RMB 15 RMB 5 RMB 0.5****
CES 120 Futures
Daytrade:$30
Overnight:$50
Daytrade:$20
Overnight:$30
$10 $0.54
Sector Index Futures**
Daytrade:$16.5
Overnight:$26.5
Daytrade:$12
Overnight:$20
$2** $0.54**

Product
Commission (Phone In) (HK$)
Min
Max
Commission (Internet) (HK$)
Min
Max
HKEX Trading Fee (HK$) SFC Transaction Fee (HK$)
HSI Options
1% of contract value
Min:$20
Max:$90
1% of contract value
Min:$20
Max:$40
$10 $0.54
MHI Options
1% of contract value
Min:$18
Max:$28
1% of contract value
Min:$10
Max:$18
$2 $0.1
HHI Options
1% of contract value
Min:$30
Max:$50
1% of contract value
Min:$20
Max:$30
$3.5 $0.54
MCH Options
1% of contract value
Min:$18
Max:$28
1% of contract value
Min:$10
Max:$18
$1 $0.54***

Product
Commission (Phone In) (RMB)
Daytrade
Overnight
Commission (Internet) (RMB)
Daytrade
Overnight
Trading Fee (RMB) Transaction Levy (RMB)
USD/CNH Options*
RMB 30
RMB 40
RMB 10
RMB 20
RMB 8*** -

*    USD/CNH Futures / Options will be settled at expiration by exchanging principal. The charge is RMB 150 for each contract.
**   Sector Index Futures Contracts to Debut at HKEX on 9 May. 50 per cent discount of exchange fee for the first year of trading. The Commission Levy will be exempted for the first six months of trading.
***  Waived from 20 March 2017 - 29 September 2017.
**** Subject to the initial six-month exemption, i.e. from 10 April 2017 to 9 October 2017.

Note:

  1. Commission is subject to overnight charges of phone orders if expiring futures contract is closed out by “auto cash settlement” on the last trading day.
  2. Commission is subject to phone orders charges if expiring index options contract ( in-the-money options) is closed out by "auto cash settlement" on the last trading day.
  3. Commission of index options rounded up to the nearest dollar.


#   Commission rate for After-Hours Futures Trading (T+1 Session):

  1. Establishment and closure of a futures position within the same T+1 session would be classified as a day trade. Commission rate for day trade would be charged accordingly. Establishment of a futures position in the T+1 session which is closed during the next normal trading session would be charged with the commission rate for day trade as well.
  2. All commission collection would be shown on the daily statement of the next normal trading session and would be subjected to the statement. (Transactions during the T+1 session would be shown on the daily statement of the next trading day)

All information is subject to change without prior notice.

Online Trading System

Online Trading System Monthly Fee (HK$) Conditions to Waive
SP Trader Free of Charge N/A

All information is subject to change without prior notice

Memorandum of Order Placing

  1. All order instructions must be placed by the Client either in person or by phone, to our licensed representative.
  2. To avoid unnecessary arguments, all the phone conversations are recorded in our system.
  3. Clients should provide the following information when placing the order by phone:
    1. Account Number & Name
    2. Buy or Sell
    3. Contract Name
    4. Price
    5. Quantity
  4. Clients should pay attention to the order price. Order price can be market order or limit order. Market order will follow the stock price to volatile.
  5. Unless the order(s) has been canceled, otherwise the order(s) will be valid until the market closed.
  6. After completion of an order, we will confirm with the clients ASAP. In case, there is no confirmation after market closed, clients are responsible to call back and check their order status.
  7. If the clients placed the order or complete the transaction by phone, the order may not be showed on the Internet trading platform immediately. Clients are responsible to call our Trader to check their order status.

All information is subject to change without prior notice.

Margin Call

  1. Agreement between the client and Chief covers two types of margins, the initial and maintenance. Amount of margin demanded by the Exchange changed from time to time.
  2. Initial margin must be fulfilled before you begin to trade.
  3. Initial margin must be cash settled.
  4. Margin call would be made by our company whenever the amount value of open position falls below the maintenance margin. Client has to deposit additional funds to restore the account to the initial margin level.
  5. Opening new position or money withdrawal is prohibited when margin calls occur.
  6. If client is failed to meet the margin call, our company reserves the right to liquidate the client’s open positions without any further notice.

All information is subject to change without prior notice.


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