Charging Scheme
Trading Commission
Investment Product Commission Commission on market orders
Orders placed via internet ** 20 of per order (Negotiable for account followed up by dsignated broker) 20 of per order (Negotiable for account followed up by dsignated broker)
Orders placed via phone ** 0.25% on amount, min. HKD $100 (Negotiable)
Other transaction fees
Items Charger Description of Fees
Stamp Duty HK Government 0.1% on order consideration (Round up to the nearest dollar)
Trading Fee HKEX 0.005% on order consideration
Transaction levy SFC 0.0027% on order consideration
Settlement fee HKEX and Magusta *** 0.002% on consideration*** (Minimum: HKD 2, Maximum: HKD 100)
Trading tariff HKEX HKD 0.5 per transaction
Scrip withdrawal or deposit fees
Items Charger Description of Fees
Custody Fee Magusta Free
Scrip deposit HK Government HKD 5 stamp duty per transfer deed
Scrip withdrawal Magusta HKD 5 per transfer deed (Minimum: HKD 30, Maximum: HKD 100)
HKEX HKD 3.5 per board lot (Round up to the nearest board lot)
S.I. securities deposit Magusta Free
S.I. securities withdrawal Magusta HKD 5 per board lot (Minimum: HKD 30, Maximum: HKD 100)
HKEX Input fee HKD 1
I.S.I. securities deposit Magusta Free
I.S.I. securities withdrawal Magusta HKD 5 per board lot (Minimum: HKD 30, Maximum: HKD 100)
HKEX Input fee HKD 1
Account transaction fees
Items Description of Fees
Cheque deposit Free
Cash withdrawal Free
Bank remittance HKD 50
Returned cheque HKD 100 per cheque plus bank charge
Stop Cheque HKD 100 per cheque plus bank charge
IPO fee
Items Description of Fees
EIPO subscription (Non-financing) HKD 50
EIPO subscription (Financing) HKD 100
Securities / contract expiration fees
Items Charger Charger Description of Fees
CBBC mandatory call / expiry Magusta No cash value Free
Magusta With cash value HKD 5 per transaction
HKEX With cash value HKD 0.8 per board lot
Exercise fees for the warrants
Items Charger Description of Fees
Exercise of in-the-money derivative warrant Magusta HKD 5 per transaction
HKEX HKD 0.8 per board lot
Exercise of equity warrant Magusta HKD 1 per board lot (Minimum: HKD 5 , Maximum: HKD 100)
HKEX HKD 0.8 per board lot (Maximum: HKD 10,000)
Italian financial transaction tax (Collected for Italian Government)
Items Description of Fees
Only applicable to Italian companies with market capitalization of more than Euro 500m and listed in Hong Kong 0.2% on the net purchase amount (Tax deduction from the intraday netting permitted based on the weighted average purchase price and the net purchase share quantity executed on the same day)
Distribution fees
Items Charger Description of Fees
Scrip Fee HKEX HKD 1.5 per board lot ( Round up to the nearest board lot)
Collection of dividend or cash distribution on behalf ** Magusta 0.5% of cash amount of dividend (Minimum: HKD 20, Maximum: HKD 200)
HKEX 0.12% of total dividend amount
Collection of scrip dividend (including bonus, share, warrant and rights issue) on behalf Magusta HKD 5 per board lot (Minimum: HKD 20, Maximum HKD 100)
Unclaimed dividend or other entitlements Magusta HKD 230 per transaction
HKEX HKD 200 per transaction
Corporate action fees
Items Charger Description of Fees
Preferential subscription including rights subscription and preferential offer ('PO') Magusta HKD 1 per board lot (Minimum: HKD 5, Maximum: HKD 100)
HKEX HKD 0.8 per board lot (Maximum: HKD 10,000)
Customers who apply for the PO should pay the related commission, transaction levy and settlement fee.
Share consolidation / subdivision Magusta HKD 5 per board lot (Minimum: HKD 20, Maximum: HKD 100)
Acquisition / Privatization Magusta HKD 5 per board lot (Minimum: HKD 20, Maximum: HKD 100)
HK Government Stamp Duty 0.1% (Round up to the nearest dollar)
Reverse consolidation / subdivision Magusta HKD 30 per transaction
Administration fees for statement handling
Items Description of Fees
e-Statement Free
Paper statement HKD50 per statement plus postage fee
Re-issue of e-Statement Within 3 month-Free, Beyond 3 month-HKD50 per statement plus postage fee
Other charges
Items Charger Description of Fees
Real-time quotation service Magusta HKD 388 per month
Short selling ( Compulsory buy back) HKEX 0.5% of securities value on settlement day (Maximum: HKD 100,000)
HKEX 0.5% of securities value on settlement day (Maximum: HKD 100,000)
Audit confirmation Magusta HKD 200 per time
Cash account overdue interest Magusta Prime rate +7% per annum
* The above commissions and service are for reference only. Magusta reserves the rights to adjust without prior notice.
** Fees are charged on the basis of settlement currency.