CMBC Securities’ US stock price depends sharply on whether the US account was opened on or before 27 September 2024. Its May 2026 schedule supports current core trading comparisons; additional financing, inactivity and service figures below are explicitly dated to the separately retrieved January 2026 schedule.[1][2]
Broker essentials01
CMBC Securities Company Limited — essential scope
| Measure | Value | Context |
|---|---|---|
| Securities company | CMBC Securities Company Limited | Source 1Source 2 |
| Home market | Hong Kong | Source 1Source 2 |
| HK commission | 0.25%; minimum HKD100 | Source 1Source 2 |
| US cohort boundary | On/before versus after 27 September 2024 | Source 1Source 2 |
| Document limitation | May 2026 core pages verified; January-only service rates labelled separately | Source 1Source 2 |
| Review date | 27 October 2026 | Source 1Source 2 |
Accounts and onboarding
Sections ↑At a glance02
Account identity and pricing cohort
| Item | Detail |
|---|---|
| Securities contractor | CMBC Securities Company Limited.Source 1 |
| Separate derivatives firm | CMBC International Futures Company Limited.Source 1 |
| Legacy US account | Opened on or before 27 September 2024.Source 1 |
| Newer US account | Opened after 27 September 2024.Source 1 |
| May 2026 office | 34/F One Exchange Square, 8 Connaught Place, Central, Hong Kong.Source 1 |
At a glance03
Why account history matters
| Item | Detail |
|---|---|
| Legacy electronic order | Per-share commission plus a separate per-share platform charge.Source 1 |
| Newer electronic order | A percentage of trade value with a minimum.Source 1 |
| Assisted order | Legacy phone pricing differs from electronic pricing.Source 1 |
| Client-specific terms | A negotiated rate or product permission needs the actual account agreement; the public tariff alone does not prove eligibility.Source 1 |
Products and market access
Sections ↑At a glance04
Markets with published charges
| Item | Detail |
|---|---|
| Hong Kong | Shares, IPOs and nominee services.Source 1Source 2 |
| United States | Two account-date cohorts.Source 1Source 2 |
| Mainland | Northbound Stock Connect.Source 1Source 2 |
| Other stocks | United Kingdom, Korea, Australia and Japan are among the quoted markets.Source 1Source 2 |
| Other investments | Bonds, structured products and funds.Source 1Source 2 |
| Futures | Hong Kong and global derivatives under the separate futures-company schedule.Source 1Source 2 |
At a glance05
Pricing models by instrument
| Item | Detail |
|---|---|
| Shares | Agency-style percentage or per-share commissions.Source 1Source 2 |
| Bonds and structured products | January document discloses principal dealing profit and recurring custody.Source 1Source 2 |
| Funds | Subscription, switching and redemption depend on the individual fund.Source 1Source 2 |
| Futures | Per-contract, per-side prices; day-close and carried-position schedules differ.Source 1Source 2 |
Fees and ongoing costs
Sections ↑The May 2026 document supersedes older core values where verified, including Hong Kong settlement and the cash-IPO fee. Figures only recovered from the January document remain labelled January references, not confirmed unchanged October prices.[1][2]
At a glance06
Hong Kong dealing — May schedule
| Item | Detail |
|---|---|
| Electronic commission | 0.25%; minimum HKD100.Source 1 |
| Telephone commission | 0.25%; minimum HKD100.Source 1 |
| Settlement | 0.0042%, replacing the old January minimum/cap model.Source 1 |
| Cash IPO application | Waived in the May document; the January HKD100 line is not used as the current fee.Source 1 |
At a glance07
Legacy US accounts — opened by 27 September 2024
| Item | Detail |
|---|---|
| Electronic commission | USD0.0049 per share; minimum USD5.Source 1 |
| Electronic platform charge | USD0.005 per share; minimum USD1.Source 1 |
| Telephone commission | USD0.012 per share; minimum USD10.Source 1 |
| Aggregation | Separate same-day orders are not combined; cross-day partial executions are charged separately under the schedule.Source 1 |
At a glance08
Newer US accounts — opened after 27 September 2024
At a glance09
US regulatory and activity charges — May schedule
| Item | Detail |
|---|---|
| SEC fee | 0.00206% on sells; minimum USD0.01, effective 2 April 2026 in the document.Source 1 |
| Trading Activity Fee | USD0.000195 per share; minimum USD0.01 in the listed schedule.Source 1 |
| CAT charge | USD0.000003 per share; minimum USD0.01.Source 1 |
| All-in interpretation | These lines are additional to the applicable broker and platform fees.Source 1 |
At a glance10
Stock Connect trading — May schedule
| Item | Detail |
|---|---|
| Brokerage | 0.10%; minimum CNY100.Source 1 |
| Sell stamp duty | 0.05%.Source 1 |
| Handling | 0.00341%.Source 1 |
| Management | 0.002%.Source 1 |
| Transfer | HKSCC 0.002% plus ChinaClear 0.001%.Source 1 |
| Portfolio charge | 0.008% annually, computed daily on a 365-day basis and charged monthly.Source 1 |
At a glance11
Other international stock commissions — May schedule
| Item | Detail |
|---|---|
| United Kingdom | 0.50%; minimum GBP80.Source 1 |
| Korea | 0.50%; minimum KRW25,000.Source 1 |
| Australia | 0.50%; minimum AUD35.Source 1 |
| Japan | 0.30%; minimum JPY3,000.Source 1 |
| Extra costs | Destination-market taxes and other applicable charges are additional; a current ancillary-charge quote is needed for an all-in estimate.Source 1 |
At a glance12
Hong Kong nominee charges — May schedule
| Item | Detail |
|---|---|
| Cash dividend | 0.22%; minimum HKD30, maximum HKD10,000.Source 1 |
| Bonus / rights allocation | HKD50 under the listed handling lines.Source 1 |
| Rights exercise | HKD1 per board lot, maximum HKD5,000, plus HKD100 and applicable stamp duty.Source 1 |
| Dividend recovery | HKD500 regardless of whether recovery succeeds.Source 1 |
| Outward SI | 0.05% of previous closing value; minimum HKD200 per stock.Source 1 |
| Physical stock | HKD5 per board lot plus HKD50 per stock.Source 1 |
At a glance13
US custody events and transfers — retrieved schedules
| Item | Detail |
|---|---|
| DTC transfer out | USD150 per stock.Source 1Source 2 |
| Physical withdrawal | USD150 plus USD500 agency charge.Source 1Source 2 |
| Bonus / dividend handling | USD2 under the listed handling lines.Source 1Source 2 |
| Voluntary corporate action | USD50.Source 1Source 2 |
| ADR pass-through | USD0.01–0.05 per share where applicable.Source 1Source 2 |
| Tax | A displayed 30% withholding line is not a universal rate for every investor, treaty or distribution.Source 1Source 2 |
At a glance14
January reference: bond dealing and custody
| Item | Detail |
|---|---|
| Principal dealing profit | Up to 3% of nominal value.Source 2 |
| Custody rate | 0.02% per month of portfolio value, not 0.02% per year.Source 2 |
| Monthly minima | HKD50 / USD5 / CNY40 / EUR5.Source 2 |
| Transfer in | Waived.Source 2 |
| Transfer out | HKD100 up to USD2 million; HKD200 above that threshold.Source 2 |
| Conversion | HKD500.Source 2 |
At a glance15
January reference: structured products and funds
| Item | Detail |
|---|---|
| Structured product dealing | Principal profit disclosure up to 3% under the schedule.Source 2 |
| Structured-product custody | Monthly 0.02% basis and currency minima as specified.Source 2 |
| Transfer costs | Separate outward movement charges; no assumption that custody includes exit costs.Source 2 |
| Fund subscription / switch / redemption | Individual fund terms determine the charge.Source 2 |
At a glance16
January reference: Hong Kong futures
| Item | Detail |
|---|---|
| HSI / H-shares / Hang Seng TECH futures and options | HKD90 per contract per side for day-close; HKD150 for non-day-close under the listed full-size schedule.Source 2 |
| Mini contracts | HKD60 day-close; HKD100 non-day-close.Source 2 |
| Exchange costs | Additional to broker commission.Source 2 |
| Company scope | Futures-company terms; not the ordinary securities commission card.Source 2 |
At a glance17
January reference: global futures
| Item | Detail |
|---|---|
| US dollar contracts | USD30 day-close / USD35 carried.Source 2 |
| ICE sterling contracts | GBP30 / GBP35.Source 2 |
| SGX USD or SGD | 30 / 35 in the relevant settlement currency.Source 2 |
| SGX renminbi | CNY50 / CNY70.Source 2 |
| Telephone | No additional telephone surcharge is listed for these futures rows.Source 2 |
At a glance18
January reference: debit interest
| Item | Detail |
|---|---|
| Benchmark P | Higher of the company benchmark or funding cost under the definition.Source 2 |
| Margin within collateral lending value | P + 3 percentage points.Source 2 |
| Above lending value, within market value | P + 6 percentage points.Source 2 |
| Above market value | P + 9 percentage points.Source 2 |
| Cash / futures debit | P + 9 percentage points.Source 2 |
| Credit interest | Cash HKD 0.01%, other currencies zero; futures credit zero in the January schedule.Source 2 |
At a glance19
January reference: inactivity charges
| Item | Detail |
|---|---|
| Three consecutive years | No trading or fund activity across the relevant accounts: HKD200 per month.Source 2 |
| Five consecutive years | HKD500 per month.Source 2 |
| Activity definition | Funding activity matters as well as trading; this is not merely a no-trades test.Source 2 |
| Closure | The schedule does not specify automatic closure or deletion after the inactivity fee begins.Source 2 |
At a glance20
January reference: banking and records
| Item | Detail |
|---|---|
| CHATS | HKD250.Source 2 |
| Telegraphic transfer | HKD250 / CNY220 / USD45.Source 2 |
| FPS | Free up to HKD1 million under the listed condition.Source 2 |
| Paper statement | HKD20 per month.Source 2 |
| Duplicates | HKD30 within three months; HKD50 beyond three months.Source 2 |
| Audit / returned cheque / stop cheque | HKD300 / HKD150 / HKD200.Source 2 |
Trading, orders and platforms
Sections ↑At a glance21
Order-cost rules
| Item | Detail |
|---|---|
| Same-direction orders | Separate orders on the same day are not automatically combined for fee minima.Source 1 |
| Overnight partial fill | Executions on another day can incur another minimum.Source 1 |
| Legacy versus newer US account | Identical shares and execution value can generate substantially different commission calculations.Source 1 |
| Phone route | Use its own cohort-specific rate; do not assume a universal telephone surcharge.Source 1 |
Funding, settlement and withdrawals
Sections ↑At a glance22
Cash and corporate-action instructions
| Item | Detail |
|---|---|
| Beneficiary identity | Securities and futures companies have distinct contractual identities.Source 1Source 2 |
| FX dealing | The January terms generally describe currency exchange on a principal basis.Source 1Source 2 |
| Corporate actions | Clients must initiate the relevant election/instruction.Source 1Source 2 |
| Subscriptions | Once placed, instructions generally cannot be amended or cancelled except at the firm’s discretion and with possible costs.Source 1Source 2 |
Regulation, custody and protection
Sections ↑At a glance23
Evidence limits and account obligations
| Item | Detail |
|---|---|
| Regulator lookup | The SFC December 2025 condition notice identifies CMBC Securities Company Limited as CE APU820. Its complete current register entry and conditions were not independently retrieved.Source 6 |
| Loan versus custody | Collateral lending value and market value are distinct thresholds in the interest schedule.Source 4Source 1Source 2 |
| Principal investments | Bond/structured-product dealing profit is different from exchange brokerage.Source 4Source 1Source 2 |
| Document currency | Later verified May core values take precedence over conflicting January values.Source 4Source 1Source 2 |
At a glance24
Hong Kong investor-compensation perimeter
| Item | Detail |
|---|---|
| Securities limit | Eligible intermediary-default claims: up to HKD500,000 per investor.Source 5 |
| Futures limit | A separate HKD500,000 maximum applies to eligible futures claims.Source 5 |
| Products | Eligible Hong Kong exchange products and Northbound Stock Connect securities; coverage is not universal across a global portfolio.Source 5 |
| Several accounts | Splitting money between accounts at the same defaulting intermediary does not multiply the applicable limit.Source 5 |
| Investment loss | A fall in share price, currency movement or ordinary trading loss is not the insured event.Source 5 |
Support, records and complaints
Sections ↑At a glance25
Documents and contact context
| Item | Detail |
|---|---|
| Office evidence | May tariff gives 34/F One Exchange Square, superseding the earlier January address.Source 1Source 2 |
| Statement requests | Paper and duplicate statement charges are specified in the January reference.Source 1Source 2 |
| Audit evidence | January schedule gives a separate audit fee.Source 1Source 2 |
| Fee dispute | Account opening date, order channel, fill dates and the applicable schedule identify the relevant US fee calculation.Source 1Source 2 |
Additional services
Sections ↑At a glance26
Services that change total holding cost
| Item | Detail |
|---|---|
| Bonds / structured products | Recurring monthly custody rather than an annual rate quoted without its period.Source 1Source 2 |
| Funds | Product-specific subscription and exit terms.Source 1Source 2 |
| Corporate-action recovery | The dividend-claim fee can apply even without a successful recovery.Source 1Source 2 |
| Dormant custody | A long-held inactive account can incur monthly charges even without new trading.Source 1Source 2 |
Company and legal identity
Sections ↑At a glance27
Company-name distinctions
| Item | Detail |
|---|---|
| Profile subject | CMBC Securities Company Limited.Source 1Source 2Source 3 |
| Futures operator | CMBC International Futures Company Limited.Source 1Source 2Source 3 |
| Official portal | CMBC Capital’s public website hosts the tariff documents.Source 1Source 2Source 3 |
| Group bank | A bank-affiliated name does not turn securities balances into an ordinary bank deposit.Source 1Source 2Source 3 |
- 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.
CMBC Securities Company Limited
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Securities and Futures CommissionAPU820 | Not verified | Checked 27 Oct 2026The SFC December 2025 condition notice independently identifies this licensed corporation and CE number. Current full permissions and conditions were not independently retrieved.Source 6 |
Worked examples and practical implications
Sections ↑At a glance28
US commission comparison — 1,000 shares at USD10
| Item | Detail |
|---|---|
| Assumed trade value | USD10,000; illustration excludes regulatory and other charges.Source 1 |
| Legacy electronic | USD5 minimum commission + USD5 platform fee = USD10.Source 1 |
| Legacy telephone | USD12 commission under USD0.012 per share.Source 1 |
| Newer account | 0.50% × USD10,000 = USD50.Source 1 |
| Conclusion | Account cohort is a major cost input; share price changes the percentage-cost comparison.Source 1 |
At a glance29
Holding and small-order arithmetic
| Item | Detail |
|---|---|
| CNY20,000 Connect order | 0.10% gives CNY20; CNY100 commission floor applies.Source 1Source 2 |
| January USD100,000 bond example | 0.02% monthly gives USD20 per month; USD240 across twelve unchanged months before other charges.Source 1Source 2 |
| January three-year inactivity example | Twelve HKD200 charges would total HKD2,400 if the condition remains met.Source 1Source 2 |
| January five-year inactivity example | Twelve HKD500 charges would total HKD6,000; this is not a verified October 2026 personalised quote.Source 1Source 2 |
Sources & further reading
- CMBC Securities combined fee schedule effective 1 May 2026 (10 pages) CMBC Securities · Accessed 27 Oct 2026
- January 2026 full schedule — dated reference for additional services CMBC Securities · Accessed 27 Oct 2026
- CMBC International Capital official company domain CMBC International · Accessed 27 Oct 2026
- SFC official corporation register Hong Kong SFC · Accessed 27 Oct 2026
- SFC investor compensation: coverage and limits Securities and Futures Commission · Accessed 27 Oct 2026
- Condition variations during December 2025 — named licensed corporations Securities and Futures Commission · 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.