Commission charges for US Stocks trading for major securities firms and banks in Hong Kong
|Securities firms and banks||Trade commission(US$)||Example: Buy 100 shares Apple Inc. Stock^|
|0.138% of transaction amount||$23.8|
|US$18 per transaction for first 1000 shares
US$18 + US$0.015/ share for additional shares exceed the first 1000 shares
|0.15% of transaction amount||$25.9|
|0.18% of transaction amount||$31.1|
|Transaction amount of US$10,000 or less：1%
Transaction amount from US$10,000 to US$19,999：0.9%
Transaction amount from US$20,000 to US$49,999：0.8%
Transaction amount of US$50,000 or above：0.5%
^The example is based on the closing price (US$172.8) for Apple Inc. on 5th April, 2018
*IB, Valuable Capital, Futu and EBSHK Direct have minimum commission charges for US$1, US$0.99, US$1.99 and US$15 respectivelyCompare Now
Major US Stock Exchange Market
There are 2 major stock exchange markets in US, inlcuding New York Stock Exchange and Masdaq Stock Market:
1. New York Stock Exchange (NYSE) (www.nyse.com), locate in Wall Street. It is the world's largest stock market.
2. Nasdaq Stock Market (NASDAQ) (www.nasdaq.com), established in 1971, it is the second largest exchange in the world by market capitalization.
3 US Stock Indexes
1. Dow Jones Industrial Average (DJIA)
Dow Jones Industrial Average is the American stock market index with longest history. It consists of 30 North American blue chip stocks picked by the Dow Jones & Co. Averages Committee, editors of The Wall Street Journel.
2. S&P 500
S&P 500 is a stock market index of 500 large publicly traded American Stocks. The stocks are picked by S&P board with a wider range of sector representation when comparing with DJIA.
3. NASDAQ Composite Index
The Nasdaq composite index includes all companies listed on the Nasdaq Stock Market which has a high concentration of technology stocks.
The core trading session of US stock market are as below:
Summer Trading Hours (April to late October): (HK Time) 9:30pm- 4:00am of the next day
Winter Trading Hours (late October to March): (HK Time) 10:30pm - 5:00am of the next day
Advantage in investing in US stocks
- Various amount of stock options
- Comprehensive market regulations
- Better market liquidity and high transaction amount
- High corporate transparency
- Tax free for foreigners who trade in US stocks
*The above information is updated on 4/2018. For the latest information, please refer to the details provided by banks and brokerages.