Fixed Income Asia-Pacific
Commissions
Bonds
Minimize Your Costs to Maximize Your Returns*. Low commissions with no added spreads, ticket charges, platform fees, or account minimums.
Hong Kong
Hong Kong - Flat Rate 1, 2
| Flat Rate | Minimum per Order | Maximum per Order | |
|---|---|---|---|
| Government Bonds | 0.08% of trade value | HKD 18 | None |
Hong Kong - Cost Plus Fees
| Monthly Trade Value (HKD)3 | Fee per Trade Value | Minimum per Order | Maximum per Order |
|---|---|---|---|
| ≤ 15,000,000 | 0.050% | HKD 18.00 | None |
| 15,000,000.01 – 300,000,000 | 0.050% | HKD 12.00 | None |
| 300,000,000.01 – 900,000,000 | 0.030% | HKD 8.00 | None |
| 900,000,000.01 – 2,000,000,000 | 0.020% | HKD 6.00 | None |
| > 2,000,000,000 | 0.015% | HKD 4.00 | None |
Hong Kong - Exchange, Clearing and Pass-through Fees (per exchange)
Disclosures
- Exchange and regulatory fees are not included.
- Exchange trading fees, exchange trading tariff, CCASS settlement fees, and CCASS custody fees are included. SFC transaction levy (0.003%, applies to stocks and warrants) is directly passed through to the customer.
- For more information on how the monthly tiers are calculated, please see the IBKR Knowledge Base.
- Value tiers are applied based on monthly cumulative trade volume summed across all stock, warrants and ETF shares. This is calculated once daily, not at the time of the trade. As such, execution reductions will start the next trading day after the threshold has been exceeded. Only shares that are traded while under the Cost Plus pricing structure will count towards the monthly volume. Share volumes for advisor, institution, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month.
- VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
- IBKR's Tiered (i.e., commission plus external venue fees/rebates) commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IBKR’s Tiered commission schedule may be greater than the costs paid by IBKR to the relevant exchange, regulator, clearinghouse or third party. For example, IBKR may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IBKR may be less than the rebates IBKR receives from the relevant market. For example, IBKR may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients. In certain circumstances, IBKR may receive discounts with respect to third party fees, including exchange and/or clearing fees, that may not pass-through to clients.
- Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums. >
- ASX Exchange Traded Treasury Bonds are calculated with the Stock/ETF tiered rates. See rates here.
* Lower investment costs will increase your overall return on investment, but lower costs do not guarantee that your investment will be profitable.