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| 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% |
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.
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.
It is important to understand all the fees associated with investing. Below is a summary of the trading fees:
HK Stock Market: HK$0 - HK$40/ transaction
US Stock Market: US$0 - US6.95/ transaction
HK$0- HK$0.5/ transaction
0.0027% of the transaction amount
0.005% of the transaction amount
0.1% of the transaction amount
0.002% of the transaction amount (min: HK$ 2)
Most brokers accept online applications, follow these simple steps to open your stock account:
Simply fill in the online application form with supporting documents e.g. proof of identity and proof of residential address, and submit for review.
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.
Once the transfer is completed, you are ready to start buying stocks, bonds, funds and other investments.
