Futu supports two ways of IPO subscription
① Ordinary Subscription (including Cash Subscription and Futu Financing Subscription)
② Bank Financing Subscription
Subscription | Type | Fees | Charged by |
Ordinary Subscription(Using Cash or Futu Financing) | Subscription Fees | 0 | FUTU 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 Subscription | Subscription Fees | HK$100 per order | Bank or FUTU HK |
Bank financing interest | 0 | ||
Ordinary Subscription/Bank Financing Subscription | SFC Transaction levy | 1.0085%*amount of winning | HK 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.
Type | Fees | Charged by |
Commission | 0.03%*transaction amount minimum HK$3/order | FUTU HK |
Platform Fees | HK$15 per order | FUTU HK |
Settlement Fees | 0.002%*transaction amount,minimum HK$2/trade,maximum HK$100/trade | HKEX |
Stamp Duty | 0.1%*transaction amount,amount less than HK$1.00 will also be counted as HK$1.00. | HK Gov |
Trading Fees | 0.00565%*Ttransaction amount minimum HK$0.01/trade | HKEX |
SFC Transaction levy | 0.0027%*Ttransaction amount minimum HK$0.01/trade | HK SFC |
Trading Tariff | HK$0.5 per order(cancelled from 1 January 2023) | HKEX |
FRC Transaction levy | 0.00015%*transaction amount | HK 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%.