Typical Commission 0.15%, not so Competitive: Soochow Securities (Hong Kong) charges a typical commission of 0.15%, which is not as competitive compared to other brokerage firms in the market.
No Bonus Offered: Unlike some competitors that offer bonuses or incentives to attract new clients or encourage trading activity, Soochow Securities (Hong Kong) does not provide any bonus offers.
Limited Trading Tools: Without access to advanced trading tools such as charting tools, technical indicators, and real-time market data, traders face challenges in analyzing market trends and identifying trading opportunities.
No Educational Resources: Soochow Securities (Hong Kong) lacks educational resources or materials to help traders enhance their knowledge and skills in investing and trading.
No Market Research Tools: Without access to market research tools such as news feeds, research reports, or economic calendars, traders will find it challenging to stay informed about market developments and events that could impact their investment positions.
Tradable Securities and Services
Soochow Securities (Hong Kong) offers a wide range of tradable securities and services to its clients. Investors can engage in stock trading, with access to a wide selection of stocks listed on various exchanges.
Additionally, the platform facilitates trading in Exchange-Traded Funds (ETFs), providing investors with opportunities to diversify their portfolios across different asset classes. Mutual funds are also available, offering investors access to professionally managed investment vehicles.
For those interested in derivatives trading, Soochow Securities (Hong Kong) provides access to futures contracts, enabling investors to speculate on the future price movements of various underlying assets. This allows for potential hedging strategies and portfolio diversification.
Moreover, the platform offers investment advisory services to assist clients in making informed investment decisions. This service likely includes research reports, market analysis, and personalized investment recommendations tailored to individual investor profiles and objectives.
An additional feature offered is securities lending, allowing investors to lend out fully paid securities in exchange for a fee, potentially generating additional income from their investment holdings.
Commissions and Fees
Soochow Securities (Hong Kong) provides reasonable commissions and fees for a variety of trading services.
In the public market, the brokerage commission is typically 0.25% of the transaction amount for non-electronic services, with a minimum charge of HKD100.00. For electronic services, the commission is slightly lower at 0.15% with the same minimum charge.
Stamp duty is set at 0.1% of the transaction amount, rounded up to HKD1.00, and the Securities and Futures Commission (SFC) levy stands at 0.0027%. Additional fees imposed by the Hong Kong Exchanges and Clearing Limited (HKEx) and a stock exchange clearing fee may apply, with a minimum of HKD2.00 and a maximum of HKD100.00.
Similar charges are applicable for trading services in the dark market, with additional fees for the Central Clearing System ranging from a minimum of HKD3.00 to a maximum of HKD300.00 per transaction. The Shanghai (Shenzhen) Stock Connect Securities Trading Service incurs handling fees at 0.00341% of both sides of the transaction amount and a stamp duty of 0.05% of the transaction amount.
Central Clearing Service (CCASS) fees vary based on transaction types and amounts, while agency services have specific charges ranging from HKD2.50 to HKD500.00 per transaction.
When compared to popular brokers, Soochow Securities (Hong Kong) offers reasonable rates, particularly for electronic trading services. Its fee structure accommodates various user groups, including active traders and long-term investors seeking a dependable platform with transparent fee structures.
| Item |
Charges |
| Hong Kong Securities Trading Services |
| 1. Hong Kong Securities Trading Services (Public Market) |
| Brokerage Commission (Non-Electronic Service) |
0.25% of transaction amount, minimum HKD100.00 |
| Brokerage Commission (Electronic Service) |
0.15% of transaction amount, minimum HKD100.00 |
| Stamp Duty |
0.1% of transaction amount (rounded up to HKD1.00) |
| SFC Transaction Levy |
0.0027% of transaction amount |
| HKEx Trading Fee |
0.00565% of transaction amount |
| Stock Exchange Clearing Fee |
0.002% of transaction amount, minimum HKD2.00, maximum HKD100.00 |
| Exchange Fund Transaction Levy |
0.00015% of transaction amount (rounded to the nearest cent) |
| 2. Hong Kong Securities Trading Services (Dark Market) |
| Brokerage Commission (Non-Electronic Service) |
0.25% of transaction amount, minimum HKD100.00 |
| Brokerage Commission (Electronic Service) |
0.15% of transaction amount, minimum HKD100.00 |
| Stamp Duty |
0.1% of transaction amount (rounded up to HKD1.00) |
| SFC Transaction Levy |
0.0027% of transaction amount |
| HKEx Trading Fee |
0.00565% of transaction amount |
| Central Clearing System Fee (Dark Market Only) |
0.01% of transaction amount, minimum HKD3.00, maximum HKD300.00 |
| Exchange Fund Transaction Levy |
0.00015% of transaction amount (rounded to the nearest cent) |
| 3. Shanghai (Shenzhen) Stock Connect Securities Trading Service |
| Handling Fee |
0.00341% of both sides of the transaction amount |
| ETF: 0.004% of transaction amount |
Not applicable |
| Regulatory Fee |
0.002% of both sides of the transaction amount |
| ETF: Exempt |
Not applicable |
| Transfer Fee |
0.003% of both sides of the transaction amount |
| ETF: 0.002% of transaction amount |
Not applicable |
| Stamp Duty |
0.05% of transaction amount (rounded up to HKD1.00) |
| ETF: Exempt |
Not applicable |
| 4. Central Clearing Service (CCASS) |
| Physical Stock Withdrawal |
HKD5.00 per lot, plus HKD200.00 per stock |
| Physical Stock Deposit |
Exempt |
| Securities-In (SI) |
0.1% of the total value at the previous day's closing price, minimum HKD100.00 |
| Securities-Out (SI) |
Exempt |
| Individual Stock Investor (ISI) (Securities-In/Out) |
Exempt |
| Mandatory Repurchase Shares |
Company handling fee HKD200.00, plus all related fees from CCASS and HKEx HKD200.00 |
| 5. Agency Services |
| Stock Cut-off Transfer Fee |
HKD2.50 per lot |
| Collection of Dividends or Dividend Substitutes |
0.5% of the total dividend value, minimum HKD30.00 (if the dividend is lower than the minimum fee, the difference will be exempted) |
| Collection of Bonus Shares |
HKD30.00 per stock |
| Collection of RightsWarrants |
HKD1.00 per lot |
| Collection of AcquisitionDistribution Amounts |
0.20% of the total acquisition/distribution value, plus fees from CCASS and HKEx HKD50.00 per transaction |
| Company Action (Stock Split/Merger/Conversion) |
Exempt |
| Service Fee |
HKD500.00 per transaction |
| Collection of Company Cash Acquisition/Privatization/Automatic Exercise |
HKD30.00 per transaction |
| Exercise of RightsWarrantsShareholder Meeting Attendance or Proxy |
HKD50.00 per transaction |
Platforms & Tools
Soochow Securities (Hong Kong) provides access to trading platforms such as Tonghuashun, East Asia Securities (Hong Kong) Trading Treasure, and SPTrader for futures trading.
Tonghuashun, a widely-used platform in the industry, offers a range of features for stock trading, including real-time market data, customizable charts, and technical analysis tools. It enables users to track market trends and execute trades efficiently.
East Asia Securities (Hong Kong) Trading Treasure, another platform available to clients, likely offers a user-friendly interface with features tailored for securities trading. It includes essential tools for order placement, portfolio management, and market monitoring.
SPTrader, designed for futures trading, is equipped with tools for futures market analysis, order execution, and risk management.
Customer Service
Located at Level 17, Three Pacific Place, 1 Queens Road East, Hong Kong, clients can reach them at Tel: (852) 3983 0888.
For immediate assistance, the Client Service Hotline is available at (852) 3983 0808 in Hong Kong and via China Toll Free: 400 1203 166.
For inquiries related to dealing, individuals can contact the Dealing Department Hotline at (852) 3983 0828 or through China Toll Free: 400 1203 118.
Additionally, clients can reach out via email at clientservice@dwzq.com.hk for general queries and fund@dwzq.com.hkfor remittance-related matters.
Conclusion
In conclusion, Soochow Securities (Hong Kong) presents a promising option for traders with its regulated status under the SFC.
Its transparent fee structure, including a typical commission of 0.15%, offers clarity to users. The platform provides access to a wide range of tradable securities and services.
However, it lacks certain features like bonuses, educational resources, and comprehensive market research tools, which deter some users.
Despite these drawbacks, Soochow Securities' accessible platform and regulated status make it a viable choice for traders seeking reliable trading options in the Hong Kong market.
FAQs
Question: What tradable securities are available on Soochow Securities (Hong Kong)？
Answer: Soochow Securities (Hong Kong) offers stocks, ETFs, mutual funds, and futures for trading.
Question: Is Soochow Securities (Hong Kong) regulated？
Answer: Yes, Soochow Securities (Hong Kong) is regulated by the Securities and Futures Commission (SFC) in Hong Kong.
Question: Does Soochow Securities (Hong Kong) offer margin trading？
Answer: Yes, Soochow Securities (Hong Kong) offers margin trading facilities to eligible clients.
Question: How can I contact customer service at Soochow Securities (Hong Kong)？
Answer: You can reach Soochow Securities (Hong Kong) customer service through their hotline at (852) 3983 0808 or via email at clientservice@dwzq.com.hk.
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