HK Intra-Day Active Trader Program FAQ

• 01. What is HK Intra-day Active Trader Program (ATP)?

  The Intra-Day Active Trader Program allows clients to trade at a special rate of 0.12% (up to trade value of HK$200,000) with a minimum brokerage of HK$80 per trade.

• 02. How do I qualify for the Intra-day Active Trader Program rate?

  To qualify, client has to transact a minimum of 2 HK Online intra-day contra trades within the same trading day. For example, if 100 shares of Counter A is bought on Day 1, and 60 shares are sold on Day 1, only these 60 shares qualify for HK ATP rate. These will be counted as 1 HK Online intra-day contra trades for the purpose of determining the minimum 2 HK Online intra-day contra trades.

  Please note that there is an amalgamation of orders for HK shares for trades done on the same counter (buy/sell) and on the same trading day. All buy orders of the same stock fulfilled on the same day will be amalgamated into one contract. The same applies to all sales orders of the same stock fulfilled on the same day.

  HK ATP special brokerage is applicable to trade value (price x quantity) of up to HK$200,000. Trade value above HK$200,000 will be charged the usual HK brokerage rate of 0.25%.

  Example	Within the same trading day	HK ATP Special Brokerage Fees 0.12% for up to HK$200,000, min. HK$80
  Trade 1	Client BUYS 100 Tencent shares @ HK$656 [Trade value: HK$65,600]	0.12% x HK$65,600 = HK$78.72 (Min. HK$80 will be charged)
  Trade 2	Client SELLS 100 Tencent shares @ HK$670 [Trade value: HK$67,000]	0.12% x HK$67,000 = HK$80.40
  Trade 3	Client BUYS 800 Alibaba shares @ HK$250 [Trade value: HK$200,000]	0.12% x HK$200,000 = HK$240 (Brokerage at 0.12% for up to HK$200,000)
  Trade 4	Client SELLS 800 Alibaba shares @ HK$255 [Trade value: HK$204,000]	1st HK$200,000: HK$240 Remaining HK$4,000: 0.25% x HK$4,000 = HK$10
  		TOTAL Brokerage: HK$650.40

• 03. How much will I pay if my Intra-day HK ATP contract brokerage is below HK$80?

  If your brokerage under HK ATP rate is under HK$80, you will pay a minimum of HK$80 for the intra-day contract.

• 04. What is the Intra-day ATP HK Market Brokerage rate?

  Intra-day Trade Value	Intra-day HK ATP Brokerage	Effective Rates* (Less 5% Mileage)
  Price x Quantity	Minimum HK$80	Minimum HK$76
  HK$200,000	0.12%	0.114%
  HK$200,001 >	0.25%	0.2375%

  Other Charges	HK$
  GST	[Brokerage + Stamp Duty + SFC & FRC Transaction Levy + Trading Fee + CCASS Fee + Financial Transaction Tax*] x prevailing GST rate
  Stamp Duty	HK$1.00 per HK$1,000
  SFC & FRC Transaction Levy	0.00285%
  Trading Fee	0.00565% (w.e.f. 1 Jan 2023)
  CCASS Fee	0.002% (Minimum HK$2.00, Maximum HK$100)
  Financial Transaction Tax* (applicable for Italian counters)	(Buy Trades) Additional 0.10% on gross proceeds

  *Subject to Changes

• 05. What are the standard non-intraday HK Market brokerage rates?

  Online Brokerage Rates

  Contract Size	Rates*	Effective Rates* (Less 5% Mileage)
  Commission	0.25%	0.2375%
  Minimum Commission	HK$100	HK$95

  Advisory Brokerage Rates

  Contract Size	Rates*
  Commission	0.35%
  Minimum Commission	HK$100

  Other Charges	HK$
  GST	[Brokerage + Stamp Duty + SFC & FRC Transaction Levy + Trading Fee + CCASS Fee + Financial Transaction Tax*] x prevailing GST rate
  Stamp Duty	HK$1.00 per HK$1,000
  SFC & FRC Transaction Levy	0.00285%
  Trading Fee	0.00565% (w.e.f. 1 Jan 2023)
  CCASS Fee	0.002% (Minimum HK$2.00, Maximum HK$100)
  Financial Transaction Tax* (applicable for Italian counters)	(Buy Trades) Additional 0.10% on gross proceeds

  *Subject to Changes

• 06. Are HK Intra-day trades eligible to earn reward points?

  All online trades placed by clients are eligible to earn Reward Points. Clients will be enrolled in a default limtan mileage rewards programme. However, if client chooses to earn Linkpoints, he/she must present a Link Card. The qualified Link Cards are Plus!, Plus! Visa, NTUC Plus!, NTUC Plus! Visa or Nebo. (Only applicable to principal cardholder)

  Loyalty reward points earned from HK trading will be computed based on the final commission paid for each contract or intra-day contracts.

• 07. How much is the subscription to HK Market Live Prices and how do I subscribe?

  You may subscribe to live prices of Hong Kong market (Level 1 or 2) using reward points (limtan Reward Points or Linkpoints depending on the Rewards Programme you are currently under) via the Loyalty tab or Cash Payment Subscriptions.

  With a Level 1 subscription you can view live, streaming, bid/offer price and bid/offer volume. Intraday Chart, Time & Sales and Trade Summary are also available for use.

  With a Level 2 subscription you can view the market depth that shows the number of orders and aggregated volumes at each level of the best ten bids and offer prices on top of the live streaming prices. Intraday Chart, Time & Sales and Trade Summary are also available for use.

Trust Account

• 01. Will there be interest credited to credit balance in my Trust Account?

  Interest (if any) will be computed and credited to trust account on a daily basis. Where applicable, we will pay interest at our published interest rate, calculated on daily balances. For avoidance of doubt, the published interest rate is determined by us, and subject to change from time to time at our sole and absolute discretion.

  The current published HKD interest rate is 0.50% p.a.