Hong Kong Stock Fixed vs. Tiered Pricing Comparison Examples
| Tiered Cost | Fixed Cost | ||
|---|---|---|---|
| SEHK | |||
| 1,000 shares * HKD 50.00 per share | IB Execution Fee | Tier I HKD 25.00 |
HKD 40 |
| Exchange Fee | HKD 2.825 | ||
| Clearing Fee (Assume Exchange Trade) | HKD 2.10 | ||
| SFC Transaction Levy | HKD 1.35 | HKD 1.35 | |
| FRC Transaction Levy | HKD 0.075 | HKD 0.075 | |
| HK Stamp Duty | HKD 50 | HKD 50 | |
| Total | HKD 81.35 | HKD 91.425 | |
| SEHKNTL | |||
| 1,000 shares * CNH 50 per share | IB Execution Fee | Tier I CNH 25.00 |
CNH 40 |
| Exchange Handling Fee | CNH 1.705 | ||
| Exchange Security Management Fee | CNH 1.00 | ||
| Transfer Fee | CNH 0.50 | ||
| Total | CNH 27.205 | CNH 40 | |
Notes:
- Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Tiered pricing structure will count towards the monthly volume. Share volumes for advisor, institution, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month.