We found 1 Citibank Online Brokerage for you!
Min. Funding
HK$0
Min. Funding
- Min. Commission Fee US Stocks
- 0.50%
- Min. Commission Fee HK Stocks
- HK$100
- Min. Funding
- HK$0
Best Citibank Online Brokerages in Hong Kong 2024
Choose from MoneySmart's curated list of best Citibank brokerage accounts in Hong Kong!
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Best Stock Brokers in Hong Kong 2024
| Online Brokerage | Min. U.S. Stock Commission | Min. HK Stock Commission |
|---|---|---|
| Futu Securities | US$0.99 | HK$0 |
| Webull | US$0 | HK$0 |
| Tiger Brokers | US$0 | HK$0 |
| LONGBRIDGE | US$0 | HK$0 |
| Valuable Capital | US$0 | HK$0 |
| Saxo Markets | US$3 | HK$40 |
| Charles Schwab | US$0 | N/A |
| uSMART Securities | US$0 | HK$0 |
| Interactive Brokers | US$0.0035 | 0.015% |
A Beginnerās Guide to the Hong Kong Stock Market
To start investing in the stock market, you need to first open an investment account. You can do so either in brokerages or banks. Before you open an investment account, there are things you should consider. First, you need to understand the costs associated with investing e.g. commission fees, platform fees, etc. However, it should not discourage you from investing. You just need to compare the costs and choose a low-cost platform among all the available options. Secondly, you need to understand more about the stock market in Hong Kong.
In Hong Kong, you can invest in stocks on a monthly basis with as little as HK$1,000. These stock monthly investment options allow investors to begin investing even with a small amount of money and it allows investors to smooth out volatility in markets. You should also take time to learn about how to trade and develop your knowledge in this area. It is important to understand more about the Hong Kong blue-chip stocks, ETR and REITS, etc.
What is an online brokerage?
An online brokerage is a brokerage firm that offers trading service over the internet instead of the traditional way, as online brokers have a lower running cost compared to brick-and-mortar brokers, they often provide better fees and charges. Customers may use their online trading platforms for investments.
Before finding the right online brokers for stocks, you should always make sure that the online trading platform is licensed and registered by the Securities and Futures Commission. If the online broker is located overseas, like Saxo Markets or TD Ameritrade, you should check if they are licensed in jurisdictions.
Hang Seng Index
The Hang Seng Index, which consists of 50 constituent stocks (also known as the blue-chip stocks), is an indicator of the overall performance of the Hong Kong stock market.
Hong Kong Stocks Trading Fees
It is important to understand all the fees associated with investing. Below is a summary of the trading fees:
Brokerage commission
HK Stock Market: HK$0 - HK$40/ transaction
US Stock Market: US$0 - US6.95/ transaction
Platform fee
HK$0- HK$0.5/ transaction
SFC transaction levy
0.0027% of the transaction amount
HKEX trading fee
0.005% of the transaction amount
Stock stamp duty
0.1% of the transaction amount
Central Clearing Shares Payment
0.002% of the transaction amount (min: HK$ 2)
A Beginnerās Guide- Trading US Stocks in Hong Kong
You can start trading US stocks by opening an investment account with banks or international brokers in Hong Kong. In the Hong Kong stock market, the minimum trading unit is āone lotā, which may equal to 100 shares, 500 shares, etc., depending on the stock price. However, in the US stocks market, you can buy āone shareā. Once your account is open, you can choose from a list of popular US shares such as Amazon, Facebook, Apple and Google. If you are not a resident of the US, you wonāt be charged on dividends from the US shares you buy.
Different Portfolio Strategies By Age
When you are young, with an aim to accumulate capital, it is appropriate to take chances and look for high returns in higher-risk assets like shares as you are less vulnerable to high risks. However, as you age, your portfolio should change, before you plan to retire, it is wise to be more protective of the capital you have built over the course of years.
How to Buy Stocks: Open a Stock Account
Most brokers accept online applications, follow these simple steps to open your stock account:
Step 1
Fill in online application form
Simply fill in the online application form with supporting documents e.g. proof of identity and proof of residential address, and submit for review.
Step 2
Fund the account
Complete the risk disclosure statement and fund your account, every broker has a different minimum balance requirement so be sure to keep it in mind.
Step 3
Start trading!
Once the transfer is completed, you are ready to start buying stocks, bonds, funds and other investments.
Online Brokers VS Bank
Investing comes at a cost, including brokerage fees, commissions, platform fees, etc. If you want to keep your expenses down, it is important to choose the right platform. You may be tempted to open an investment account in banks because you trust them. But the high-street bank is not always the best place to buy an investment product. Trading with brokers is almost always cheaper and you can open an account online without hassle.
Online Brokerage FAQ
What exclusive offers can I enjoy if I open a stocks account via MoneySmart?
- MoneySmart partners with various brokers in Hong Kong to offer exclusive offers to clients for account opening. Check out our latest brokerage account opening offers with Futu, Webull (currently highest offer in town) and Valuable Capital, etc. now!
Which brokers are commission-free?
- SoFi, Webull, and uSmart securities are all commission-free for HK and US stocks and Valuable Capital charges $0 commission fee for HK Stocks. Open an account via MoneySmart today to enjoy exclusive offers!
Is it a good idea to open a brokerage account?
- You can buy and sell stocks, funds, bonds, securities and more investments with a brokerage account. Brokerage accounts are perfect for your long-term financial goals, in order to keep investment-related costs from eating up your trading profits, it is a good idea to open a brokerage account.
What is the cheapest brokerage account?
- uSMART Securities offers life-time commission fee waiver for US Stock trading and commission fees waiver for HK Stock for the first 90 days. But promotion may change without notice so donāt forget to check on MoneySmart for the latest information.
What is the best online brokerage for beginner investors?
- Beginners can make use of the free demo account provided by Saxo Markets to learn more about trading and get used to how financial products behave before starting to trade.