CMB International Securities is part of the China Merchants Bank group. Its securities account combines Hong Kong and international markets, but opening routes, commission minima, stock-transfer costs and banking procedures differ materially by customer and market.[1][2][4]
Broker essentials01
CMB International Securities — essential scope
| Measure | Value | Context |
|---|---|---|
| Contracting company | CMB International Securities Limited | Source 1Source 2Source 4 |
| Home market | Hong Kong | Source 1Source 2Source 4 |
| HK electronic commission | 0.20%, minimum HKD80 | Source 1Source 2Source 4 |
| HK telephone commission | 0.25%, minimum HKD100 | Source 1Source 2Source 4 |
| US commission | 0.30%, minimum USD28 | Source 1Source 2Source 4 |
| Review date | 27 October 2026 | Source 1Source 2Source 4 |
Accounts and onboarding
Sections ↑At a glance02
Application-route restrictions
| Item | Detail |
|---|---|
| Hong Kong banking | A Hong Kong bank account is part of the published opening requirements.Source 3 |
| App and postal routes | The page says these routes are not applicable to PRC identity-card applicants.Source 3 |
| In-person route | Witnessed documents and risk disclosures are part of the procedure.Source 3 |
| Approval | A welcome letter supplies the approved account/login information.Source 3 |
At a glance03
Identity and address evidence
| Item | Detail |
|---|---|
| Hong Kong / other applicant | Hong Kong ID or passport, as applicable.Source 3 |
| Mainland applicant | PRC ID plus travel permit or passport, as specified.Source 3 |
| Address proof | Issued within the preceding three months.Source 3 |
| Mainland process agent | Hong Kong process-agent contact and address details are requested.Source 3 |
Products and market access
Sections ↑At a glance04
Markets with an express tariff
| Item | Detail |
|---|---|
| Hong Kong | Listed securities and Stock Connect.Source 2 |
| United States / Japan | Country-specific online and assisted charging rules.Source 2 |
| Mainland B shares | Shanghai USD and Shenzhen HKD schedules.Source 2 |
| Other international markets | Australian, Canadian, British, European, Swedish and Singapore-dollar schedules.Source 2 |
| OTC investments | Funds, bonds and structured notes; principal transactions can include a dealing margin.Source 2 |
At a glance05
Account and product boundaries
| Item | Detail |
|---|---|
| Securities account | The subject of the published stock-trading and funding pages.Source 4Source 2 |
| Global Markets entity | The funds page separately names CMB International Global Markets Limited; its beneficiary details are not interchangeable.Source 4Source 2 |
| Listed versus OTC bond | Hong Kong-listed bond trading follows the stock schedule; OTC bond charges use a different basis.Source 4Source 2 |
| API route | The tariff expressly lists API orders with online commissions, but does not establish a universal public API entitlement.Source 4Source 2 |
Fees and ongoing costs
Sections ↑The CMBI tariff still displays an obsolete 0.10% Northbound sell stamp duty. The Stock Connect table below uses HKEX’s 0.05% current figure and identifies the broker’s own commission separately.[2][7]
At a glance06
Hong Kong order-channel commission
At a glance07
Hong Kong exchange and statutory charges
At a glance08
US execution and financing
| Item | Detail |
|---|---|
| Brokerage | 0.30%; minimum USD28.Source 2 |
| Excluded quotation | OTC / pink-sheet trades are outside that ordinary US quotation.Source 2 |
| Platform fee | None listed.Source 2 |
| Margin rate | HSBC prime + 3 percentage points under the published formula.Source 2 |
| Interest posting | Calculated daily and debited at month-end; the previous working day applies when specified for a bank holiday.Source 2 |
At a glance09
US income and corporate actions
| Item | Detail |
|---|---|
| Dividend handling | 0.25%; minimum USD3.Source 2 |
| Bonus shares | USD3.Source 2 |
| Mandatory action | USD25.Source 2 |
| Voluntary action | USD20.Source 2 |
| Voting letter | USD30.Source 2 |
| ADR charge | USD0.01–0.05 per share where applicable; withholding tax is separate and investor-dependent.Source 2 |
At a glance10
Japan trading costs
At a glance11
Stock Connect broker charges
At a glance12
Stock Connect A-share market costs
| Item | Detail |
|---|---|
| Sell stamp duty | 0.05%; this corrects the stale 0.10% figure still on the broker page.Source 7 |
| Handling fee | 0.00341% each side.Source 7 |
| Securities management | 0.002% each side.Source 7 |
| ChinaClear transfer | 0.001% each side.Source 7 |
| HKSCC transfer | Separate from the preceding charges; assess the full settlement schedule.Source 7 |
| ETF distinction | ETF handling is 0.004%; stamp duty and the share-only management charge are waived.Source 7 |
At a glance13
Other international stock commissions
At a glance14
Other-market dividend minima
At a glance15
Mainland B-share schedule
At a glance16
Principal bond and note economics
| Item | Detail |
|---|---|
| Tenor up to three years | Disclosed dealing profit up to 3% of nominal value.Source 2 |
| Tenor above three years | Disclosed dealing profit up to 5%.Source 2 |
| Custody | 0.05% per annum of market value, assessed monthly using one-twelfth.Source 2 |
| Transfer out | USD65; incoming bond deposit waived.Source 2 |
| Conversion / corporate event | USD65 per listed event.Source 2 |
| Interpretation | The principal dealing profit is a transaction-price component, not necessarily a separately debited commission.Source 2 |
At a glance17
Funds and financing benchmarks
| Item | Detail |
|---|---|
| OTC fund subscription | Up to 5%, subject to the fund terms.Source 2 |
| Fund redemption | Prospectus and product-specific rules apply.Source 2 |
| HKD reference rate | HSBC prime where the schedule names that benchmark.Source 2 |
| CNY reference rate | Bank of China (Hong Kong) prime where specified.Source 2 |
| Legacy offer | The dated 2022 introductory margin offer is not treated as an available 2026 price.Source 2 |
At a glance18
Stock movements
| Item | Detail |
|---|---|
| Hong Kong SI in | Free.Source 2 |
| Hong Kong SI out | 0.002% of value, HKD2–100, plus HKD5 per board lot with HKD50–500 per-stock limits.Source 2 |
| Physical deposit | HKD30 per stock.Source 2 |
| Physical withdrawal | HKD8 per board lot; minimum HKD50.Source 2 |
| US transfer out | USD30 per stock.Source 2 |
| Other outward SI | AUD/CAD/SGD138; GBP/EUR58; SEK580, in the relevant market currency.Source 2 |
Trading, orders and platforms
Sections ↑At a glance19
Trading interfaces and authentication
| Item | Detail |
|---|---|
| Mobile | Official CMBI app for iOS and Android.Source 5Source 2 |
| Browser | Official online securities trading route at etrade.cmbi.com.Source 5Source 2 |
| Authentication | CMB International Token app is listed separately for multi-factor authentication.Source 5Source 2 |
| API | Pricing is disclosed; withdrawal authority, API scopes and rate limits are not established by the software-download page.Source 5Source 2 |
At a glance20
Hong Kong quote subscriptions
| Item | Detail |
|---|---|
| App | Unlimited real-time quotations are listed as free.Source 2 |
| Web | 1,000 quotations per month are listed as free.Source 2 |
| AAStocks | HKD360 per month; Mainland concession HKD230.Source 2 |
| Chief feed | HKD320 per month; Mainland concession HKD200.Source 2 |
| Residence evidence | The Mainland concession requires address proof.Source 2 |
At a glance21
US market-data pricing
Funding, settlement and withdrawals
Sections ↑At a glance22
Standard deposit controls
| Item | Detail |
|---|---|
| Accepted ownership | Client-owned funds only; cash and third-party deposits are not accepted.Source 4 |
| Instruction routes | Bank counter or online bank transfer with client-identifying evidence.Source 4 |
| Notification | Online instruction, fax +852 3761 8788, [email protected] or [email protected].Source 4 |
| Availability | Trading credit follows verification, not merely sending the transfer.Source 4 |
| Rejected payments | Returned net of bank charges; certain Mainland or high-risk-jurisdiction remittances may be rejected.Source 4 |
At a glance23
Linked CMB Hong Kong banking
| Item | Detail |
|---|---|
| Service window | 08:30–16:00 on a trading day.Source 4 |
| During window | The linked route updates the balance immediately according to the published procedure.Source 4 |
| Outside window | Processing moves to the next trading day.Source 4 |
| Deposit notice | A separate notice is not needed for that linked route.Source 4 |
At a glance24
Withdrawal procedure
| Item | Detail |
|---|---|
| Ownership | Third-party withdrawals are not accepted.Source 4 |
| Paper instruction | Published withdrawal form and registered bank details.Source 4 |
| Online instruction | Requires the relevant registered online/bank service.Source 4 |
| Entity matching | Use the Securities Limited instructions; a different Global Markets beneficiary section appears on the same page.Source 4 |
Regulation, custody and protection
Sections ↑At a glance25
Contract and verification boundary
| Item | Detail |
|---|---|
| Securities operator | CMB International Securities Limited is named in the funding instructions.Source 4Source 1Source 6 |
| Bank relationship | Group affiliation is not a deposit guarantee for securities or margin debt.Source 4Source 1Source 6 |
| Registry status | CE AUZ441 and Types 1 and 4 are disclosed in the June 2026 company agreement; the full current SFC entity record and conditions were not independently retrieved.Source 9 |
At a glance26
Hong Kong investor-compensation perimeter
| Item | Detail |
|---|---|
| Securities limit | Eligible intermediary-default claims: up to HKD500,000 per investor.Source 8 |
| Futures limit | A separate HKD500,000 maximum applies to eligible futures claims.Source 8 |
| Products | Eligible Hong Kong exchange products and Northbound Stock Connect securities; coverage is not universal across a global portfolio.Source 8 |
| Several accounts | Splitting money between accounts at the same defaulting intermediary does not multiply the applicable limit.Source 8 |
| Investment loss | A fall in share price, currency movement or ordinary trading loss is not the insured event.Source 8 |
Support, records and complaints
Sections ↑At a glance27
Client-service contacts
| Item | Detail |
|---|---|
| Hong Kong | +852 3761 8888.Source 3 |
| Mainland | 400 120 9555.Source 3 |
| [email protected].Source 3 | |
| Office | 46/F Champion Tower, 3 Garden Road, Central, Hong Kong.Source 3 |
Additional services
Sections ↑At a glance28
Services that affect the account economics
| Item | Detail |
|---|---|
| Dividend collection | Hong Kong cash dividend handling: 0.25%, minimum HKD30, maximum HKD20,000.Source 2 |
| Market data | App and browser entitlements have different charging rules.Source 2 |
| OTC products | Fund sales and principal bond/note dealing differ from stock agency commission.Source 2 |
| Negotiated financing | A reference-rate formula is not a fixed all-in borrowing quote.Source 2 |
Company and legal identity
Sections ↑At a glance29
Corporate identity
| Item | Detail |
|---|---|
| Group | China Merchants Bank group.Source 1Source 4 |
| Profiled company | CMB International Securities Limited.Source 1Source 4 |
| Separate affiliate | CMB International Global Markets Limited appears under distinct funding instructions.Source 1Source 4 |
| Name distinction | This is separate from China Merchants Securities (Hong Kong).Source 1Source 4 |
At a glance30
Two companies in the combined agreement
| Company or term | Published position |
|---|---|
| CMB International Securities Limited | CE AUZ441; Types 1 and 4 disclosed.Source 9 |
| CMB International Global Markets Limited | CE AAF261; Types 1 and 4 disclosed.Source 9 |
| Document edition | CMBIS/T&C/202606/E, June 2026.Source 9 |
| Account identity | The combined form can refer to either or both companies; the accepted account documentation determines the actual contracting entity.Source 9 |
- Headquarters
- Hong Kong
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
CMB International Securities Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Futures CommissionAUZ441 | Not verified | Checked 27 Oct 2026The June 2026 company account agreement identifies this CE number and discloses Types 1 and 4. Current full SFC permissions and conditions were not independently retrieved.Source 9 |
CMB International Global Markets Limited
Hong KongSource 9
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Futures CommissionAAF261 | Not verified | Checked 27 Oct 2026Named separately in the June 2026 combined account agreement, which discloses Types 1 and 4. Its inclusion does not establish that every CMBIS account contracts with this entity; the full current SFC record was not independently retrieved.Source 9 |
Worked examples and practical implications
Sections ↑At a glance31
Commission-floor examples
| Item | Detail |
|---|---|
| HKD10,000 online stock order | 0.20% gives HKD20; HKD80 minimum applies.Source 2 |
| Hong Kong electronic breakpoint | HKD40,000 at a 0.20% rate and HKD80 floor.Source 2 |
| USD1,000 US order | USD3 before the floor; actual ordinary commission USD28.Source 2 |
| US breakpoint | Approximately USD9,333 at 0.30% and a USD28 minimum.Source 2 |
| JPY100,000 online Japan order | JPY180 before the floor; commission JPY980, plus venue costs.Source 2 |
At a glance32
Holding and transfer examples
| Item | Detail |
|---|---|
| HKD1,000 Hong Kong dividend | 0.25% gives HKD2.50; HKD30 minimum applies.Source 2 |
| USD100,000 OTC bond market value | At 0.05% annually, a stable full month implies about USD4.17 custody before other terms.Source 2 |
| Two US stock lines transferred out | USD60 under the USD30-per-stock schedule.Source 2 |
| Price comparison | Comparing brokerage alone misses the monthly feed, nominee charges, principal dealing margin and FX conversion.Source 2 |
Sources & further reading
- CMBI stock trading and operating proposition CMB International · Accessed 27 Oct 2026
- CMBI commissions, financing and nominee schedule CMB International · Accessed 27 Oct 2026
- Customer securities account opening CMB International · Accessed 27 Oct 2026
- Funds and deposit/withdrawal procedures CMB International · Accessed 27 Oct 2026
- CMBI software download channels CMB International · Accessed 27 Oct 2026
- SFC official corporate licence register Hong Kong SFC · Accessed 27 Oct 2026
- HKEX Northbound transaction fees Hong Kong Exchanges and Clearing · Accessed 27 Oct 2026
- SFC investor compensation: coverage and limits Securities and Futures Commission · Accessed 27 Oct 2026
- Combined CMBIS and CMBIGM account agreements, June 2026 edition CMB International · Accessed 27 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.