$0 Commission* for all online buy transactions with traded quantity≤15
Ultra-competitive US stock commission, commission as low as US$0.0099/share
Pre-market trading between 16:00 to 21:30 HKT (summer), or 17:00 to 22:30 HKT (winter)
$0Platform fee, $0 Custody fee, $0 Membership
Multi-currency facility
Complimentary live prices for US stocks
USD margin loan interest rate as low as 5.625% (P-0.5%), trade up to 5x leverage with your US shares collateral
*For Online Transactions Only *Effective 2nd January 2025, this promotion applies only to Margin account clients.
Footnote: The margin ratio of stock is for reference only, which is subjected to change as determined by both the market and specific company factor. The company deserves the right to provide a different ratio to client based on his account situation.
Hotline: (852) 2277 6678 (Mon to Fri) Foreign Stock Department E-mail: foreignstock@phillip.com.hk
Effective from 03 January 2022 under further notice.
This promotion is only applicable for all online buy transactions (trades done via POEMS Mobile App / POEMS online platform) with traded quantity less than or equal to 15.
US Securities Regulatory Commission fees, clearing fees, and transaction activity fees will be charged separately.
This offer is not eligible to capital management customers, Investment immigration plan customers, Institutional Customers and corporate Customers, and customers who have enjoyed preferential rates.
Offline transactions (trades placed over the phone through Account Executive or Stock Dealer) are charged at 0.20% of Transaction amount for Transactions <US$15,000 or at 0.25% of Transaction amount for Transactions ≥US$15,000. Minimum US$20 per order. US$0.0099/share for stocks with traded price<US$5. 24-hour Global stocks trading hotline: +852 2277 6678
Terms and Conditions of USD Margin
The promotion is effective from 1st June 2021 and only for USD debit balance amount equivalent to / below USD 1,500.
The margin interest rate for an outstanding amount under US$1,500 is 0% p.a., i.e., no interest will be charged. For outstanding above US$ 1,500, a margin interest rate of P-1% p.a.(4.625% p.a.) applies. The interest amount would be calculated on a daily basis.
The promotion applies to margin accounts only. There should be enough margin value of stocks (available for financing). The margin ratio and margin requirements of each stock are varied. Please refer to Foreign Stock Margin Ratio. Customers shall pay margin call position and related interest charges of the position based on the interest rate of 10.625% p.a..
FAQ
1. How can I qualify for the zero commission discount on the US stocks?
Zero commission discount applies to all U.S. BUY stock contracts placed via POEMS online platform/App with traded quantity ≤15 shares. Transaction activity fee (FINRA TAF) and clearing fees (NSCC/DTC Clearing Fee) are applicable.
2. What do ‘Online order’ and ‘Offline Order’ refer to?
Online Order: Orders placed via POMES online platform and POEMS mobile platform. Offline Order: Orders placed over the phone
3. What are the US stock trading activity fee (FINRA TAF) and Clearing fees (NSCC/DTC Clearing Fee)?
Trading Activity Fee: It is collected by FINRA (The Financial Industry Regulatory Authority, the largest non-government securities self-regulatory association in the United States). The TAF is a transaction-based fee that is generally assessed on member firm transactions in covered securities, regardless of where the trade is executed. The TAF fee is currently charged on sells only at a rate of US$0.000119 per share. Clearing Fees: It is collected by the US clearing agent (National Securities Clearing Corporation, The Depository Trust Company) on stock clearing. Charged at US$ 0.003 per share, minimum US$0.5 per order.