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IPO subscription and grey market trading (HK Stock)

1. IPO Subscription Fees

Futu supports two ways of IPO subscription

① Ordinary Subscription (including Cash Subscription and Futu Financing Subscription)

② Bank Financing Subscription

SubscriptionTypeFeesCharged by
Ordinary Subscription(Using Cash or Futu Financing)Subscription Fees0FUTU HK
Futu financing interest(if applicable)Futu's financing interest rate is the same as the margin rate applicable to all HK margin accounts, which is 6.8% per annum. For details please refer to the description of interest on margin subscription. Regardless of whether you win the lot for IPO,margin interest must be paid.
Bank Financing SubscriptionSubscription FeesHK$100 per orderBank or FUTU HK
Bank financing interest0
Ordinary Subscription/Bank Financing SubscriptionSFC Transaction levy1.0085%*amount of winningHK SFC, HK FRC, HKEX, FUTU HK
FRC Transaction levy
Trading Fees
Commission (only charged if you win the lot for IPO)

Notes:

① Futu's financing interest rate is the same as the margin rate applicable to all HK margin accounts, which is 6.8% per annum. The interest generated by using Futu financing will be settled monthly and will be shown in the statements of your HK margin account. Interest shall be calculated on a daily basis and shall not include in the IPO subscription fees. The final actual interest fee, please refer to the statement.

② On the FUTU platform, SFC Transaction Levy is abbreviated as SFC Levy, FRC Transaction Levy is abbreviated as FRC Levy

③ FRC Transaction Levy will be effective from January 1, 2022

④ The ordinary subscription fees for HK stocks applies to new HK stocks to be offered starting from October 24, 2024.

 

2. Grey Market Trading Fees

TypeFeesCharged by
Commission0.03%*transaction amount minimum HK$3/orderFUTU HK
Platform FeesHK$15 per orderFUTU HK
Settlement Fees0.002%*transaction amount,minimum HK$2/trade,maximum HK$100/tradeHKEX
Stamp Duty0.1%*transaction amount,amount less than HK$1.00 will also be counted  as HK$1.00.HK Gov
Trading Fees0.00565%*Ttransaction amount minimum HK$0.01/tradeHKEX
SFC Transaction levy0.0027%*Ttransaction amount minimum HK$0.01/tradeHK SFC
Trading TariffHK$0.5 per order(cancelled from 1 January 2023)HKEX
FRC Transaction levy0.00015%*transaction amountHK FRC

Notes:

① Grey market transaction fees are unrelated to fee packages of ordinary HK stock and commission status, which will be charged according to Grey Market Trading Fees.

② An order can be divided into multiple transactions but will only be charged once.

③ Valid orders are settled based on the trading day. Transactions in the same trading day will be treated as 1 order, while transactions in the different trading days will be treated as different orders to calculate transaction related fees.

④ On the FUTU platform, SFC Transaction Levy is abbreviated as SFC Levy, FRC Transaction Levy is abbreviated as FRC Levy.

⑤ FRC Transaction Levy will be effective from January 1, 2022.

⑥ According to HKEX circular, with effect from 17 November 2023, Stamp Duty on Stock Transactions has been revised from 0.13% to 0.1%.