Summary: A unique challenger in the investment broker market
Webull is a securities firm that launched in the United States in 2018. It recently landed in Hong Kong with zero-commissions for Hong Kong stocks and A-share trading services. It is expected to provide US stock trading functions very soon. We tried Webull‘s mobile app and found that in addition to its low fees, it also has a surprisingly good UX and functionality which makes it stand out among the many other low-fee securities firms.
$0 commission, support Hong Kong stocks, A shares, ETFs, warrants, IPOs and odd lot shares
Dual licensed in US and Hong Kong stocks (Over 10 million US and Hong Kong stock choices for users)
Real-time market information
Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Analysis tools
Provides 8 chart tools and 50 technical indicators, including Xiaomi’s strategic investment technology.
Trading platforms
Supports iOS and Android. Windows, Mac and Web versions are coming soon
Security
Licensed by the SFC, uses Citibank and CMB Wing Lung as custodian bank, protected by the Investor Compensation Fund
Webull Highlights
The First Option for US Stock Trading: Zero Commission/Zero Platform Fee/Zero Membership Fee/ Zero Clearing Fee Competitive Costs for HK Stock: Zero Commission/Zero Membership Fee/Free IPO Subscription in Cash Great User Experience: Online account opening is fast, platform offers real-time quotes and multi-terminal trading Trusted by Users: More than 20 million users globally Safe and Secure: Registered with the Securities and Futures Commission of Hong Kong for type 1 regulated activity. Client funds are held in separated trust accounts with banks and are safeguarded by ICC.
Webull’s Welcome Offer
HK Market
US Market
Robo Advisors
Futubull
Other Fee
N/A
Avg. Trade Cost
HKD 15
Welcome Offer: Enjoy up to HK$1,800 welcome offer
Register a new account on or before 30th September 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards:
1. Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$200 cash coupons
2. Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services
3. Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC
4. Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC
Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to: https://www.planto.hk/zh/blog/futu-brokers-review/
All rewards can be stacked. As of the closing price on 11 June 2024, Alibaba (NYSE: BABA) stock price was US$77.97/share As of the closing price on 15 May 2024, Nvidia (NYSE: NVDA) stock price was US$125.2/share
Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures
Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
Transaction Fees: Commission-free for HK stocks and Cryptocurrency. HKD 15 / trade as a platform fee only.
For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.).
Tiered pricing also available for people with larger number of trades (min. HKD 1 / trade)
Futu will provide users with free LV1 real-time streaming quotation services (including Hong Kong stocks, options, and futures)
Products Available: HK, US and China stocks and ETFs and Crypto Currency. Selected funds available via Futu MoneyPlus.
Cryptocurrency: support direct trade with HKD and USD without USDT exchange before trading
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)
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Futubull
Other Fee
N/A
Avg. Trade Cost
HKD 15.5
Welcome Offer: Enjoy up to HK$1,800 welcome offer
Register a new account on or before 30th September 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards:
1. Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$200 cash coupons
2. Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services
3. Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC
4. Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC
Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to: https://www.planto.hk/zh/blog/futu-brokers-review/
All rewards can be stacked. As of the closing price on 11 June 2024, Alibaba (NYSE: BABA) stock price was US$77.97/share As of the closing price on 15 May 2024, Nvidia (NYSE: NVDA) stock price was US$125.2/share
Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures
Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
Transaction Fees: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1).
For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.).
Tiered pricing also available for people with larger number of trades
Products Available: HK, US and China stocks and ETFs. Selected funds available via Futu MoneyPlus.
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)
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Webull
Other Fee
N/A
Avg. Trade Cost
HKD 10
Welcome Offer: New customers can receive up to HK$1,888 worth of Apple stock by successfully opening a Webull account through the Planto website link!
- Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600.
- Successfully open an account, deposit HK$80,000 and maintain the funds for 60 days to receive extra Apple stocks worth HK$1,288.
- Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
Terms and conditions apply.
Pros & Cons
Basic Info
Transaction Fees: No commissions - just a HKD 10 platform fee per trade.
For a HKD 10,000 trade, that’s: HKD 10 per transaction
Products Available: Hong Kong and US stocks, A shares, ETFs, warrants, IPOs and odd lot shares
Real-time market information: Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Margin Trading: Unavailable
License: Licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out type 1 regulated activity (“dealing in securities”).
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Webull
Other Fee
N/A
Avg. Trade Cost
HKD 0
Welcome Offer: New customers can receive up to HK$1,888 worth of Apple stock by successfully opening a Webull account through the Planto website link!
- Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600.
- Successfully open an account, deposit HK$80,000 and maintain the funds for 60 days to receive extra Apple stocks worth HK$1,288.
- Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
Terms and conditions apply.
Pros & Cons
Basic Info
Transaction Fees: No commissions - just a HKD 10 platform fee per trade.
For a HKD 10,000 trade, that’s: HKD 10 per transaction
Products Available: Hong Kong and US stocks, A shares, ETFs, warrants, IPOs and odd lot shares
Real-time market information: Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Margin Trading: Unavailable
License: Licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out type 1 regulated activity (“dealing in securities”).
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Tiger Brokers
Other Fee
0
Avg. Trade Cost
HKD 0
Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks until 30th September 2024 to enjoy up to HK$2,300 worth of reward:
- Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus:
1. Time-limited Commission-Free Rewards*
- 0 Commission for HK stock trading (Lifetime)
- 0 Platform fee for HK stock trading (until 30th September 2024)
- NYSE Arca Level 2 Deep Quote streaming for US stocks (until 30th September 2024)
- 0 Commission for US stock option trading (until 30th September 2024)
- US Stock Option Lv1 Real-time Quotes (until 30th September 2024)
2. New clients account opening awards, fund more for 45 consecutive days to get more (please refer to T&Cs for detailed quolifications)
- Net deposit* HK$10,000 or US$1,500 or above : to activate HK$300 stock voucher (3x HK$100 vouchers) and 3-month free HK Stock Lv1 streaming quote
- Net deposit* HK$50,000 or above : to activate HK$600 stock vouchers (6x HK$100 vouchers)
- Net deposit* HK$100,000 or above : to activate HK$1,200 stock vouchers (12x HK$100 vouchers)
3. Complete 5 non-forex trades with each trade amounting to or exceeding HK$100 within 60 days after successful account opening (applicable to both Hong Kong and US stocks) : to activate HK$700 stock voucher (7x HK$100 vouchers)
* Net deposit = deposit amount - withdrawal amount, excluding the part of asset increase or decrease due to normal transactions.
^Daily cumulative net deposits = (from the account opening date) cumulative deposit amount - (from the account opening date) cumulative withdrawal amount, excluding asset fluctuations caused by normal trading activities
Welcome Offer: On or before 30 September 2024, apply via Planto and use the promo code「614701」, successfully open an account and deposit HK$10,000 to receive up to HK$2,100 worth of rewards:
Planto exclusive HK$200 supermarket coupon and HK$100 stock cash coupon
Choose from one of the below 2 offers :
A. Up to HK$1,400 : 1) APR offer for deposit with 6% + 5% (up to HK$1,200) and 2) total worth of HK$200 stocks cash coupon)
B. Total worth up to HK$1,800 : 1) Total worth of HK$800 stocks cash coupon and 2) Total worth of HK$1,000 cash rebate (upon 15 tradings)
New customers who transfer the stock to LongBridge can get an iPad mini 6 or the newest model of iPhone
* Total worth of HK$1,000 cash rebate (upon 15 tradings)
Terms and conditions
Pros & Cons
Basic Info
Transaction Fee: For HK stocks, commissions of 0.03% per trade (min HK$3), and platform fees of HK$15 per trade (0 commission during promotion period)
For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.).
Product available: HK and US stocks and ETFs
Margin trading: Annual interest rate of 6.5%
License: Licensed by the SFC (Type 1, 4, 9)
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LONGBRIDGE
Other Fee
N/A
Avg. Trade Cost
HKD 8
Welcome Offer: On or before 30 September 2024, apply via Planto and use the promo code「614701」, successfully open an account and deposit HK$10,000 to receive up to HK$2,100 worth of rewards:
Planto exclusive HK$200 supermarket coupon and HK$100 stock cash coupon
Choose from one of the below 2 offers :
A. Up to HK$1,400 : 1) APR offer for deposit with 6% + 5% (up to HK$1,200) and 2) total worth of HK$200 stocks cash coupon)
B. Total worth up to HK$1,800 : 1) Total worth of HK$800 stocks cash coupon and 2) Total worth of HK$1,000 cash rebate (upon 15 tradings)
New customers who transfer the stock to LongBridge can get an iPad mini 6 or the newest model of iPhone
* Total worth of HK$1,000 cash rebate (upon 15 tradings)
Terms and conditions
Pros & Cons
Basic Info
Transaction Fee: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1) - 0 commission during promotion period.
For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.).
Product available: HK and US stocks and ETFs
Margin trading: Annual interest rate of 4.8%
License: Licensed by the SFC (Type 1, 4, 9)
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uSMART Securities
Other Fee
N/A
Avg. Trade Cost
HKD 8
Welcome Offer: April special offer, Open an account with uSmart to earn:
• 2024 promotion : US$1.5 transaction fee per trade for US stock, 0 commission and platform fee for HK stock
• Real-time streaming quotation for HK stocks (Terms and conditions apply)• Lifetime free U.S. stock commission (only for standard accounts)
• HK$20 cash coupons X8
#For HK stocks, you can enjoy 0 commission and platform fee by trading the designated 16 ETF. For US stocks, you can enjoy US$1.5 transaction fee per trade when the value of each trading of main board stocks equals or higher than US$100.
Transaction Fees: 0% commission rate per US stock transaction for Standard Account users only, with a fixed US$0.005 platform fee per share
Investment product available:: HK, US and China stocks, ETFs and warrants. Selected funds available via Smart Fund platform.
Investment service available:: Discretionary Investment Management Account, Professional Investment Advisory
Margin Trading: 2.98% margin rate
License: Licensed by the SFC (Type 1, 4, 9)
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Interactive Brokers
Other Fee
N/A
Avg. Trade Cost
0.05% of Trade Value
Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. *Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account
**Interest rate if for reference only, it may change any time according to market condition
Pros & Cons
Basic Info
Transaction Fees: For HK stocks, commission fee of 0.08% to 0.015%
Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India
Margin Trading: as Low as 5.637%
Hong Kong SFC license: SFC license Type 1,2,3
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Interactive Brokers
Other Fee
N/A
Avg. Trade Cost
US$0.005 / share
(min. from US$0.35)
Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. *Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account
**Interest rate if for reference only, it may change any time according to market condition
Pros & Cons
Basic Info
Transaction Fees: For US stocks, commission fee of US$0.005 / share to US$0.0005 / share
Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India
Margin Trading: as Low as 5.3%
Hong Kong SFC license: SFC license Type 1,2,3
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Syfe
Account Funding Requirements
HKD 10,000
Fees
0.35%-0.65% AUM
Pros & Cons
Basic Info
Minimum investment amount: No minimum investment requirement
Fees: 0.35% to 0.65% of total assets (annual)
Portfolio creation: U.S., China stocks and ETFs, including direct indexed and thematic portfolios
Account opening: 100% online account opening through Syfe mobile app
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Stashaway
Account Funding Requirements
HKD 10,000
Fees
0.2%-0.8% AUM
Welcome Offer: New customers who successfully open a StashAway account via Planto’s link can enjoy 3 months of free management for up to HK$50,000.
Pros & Cons
Basic Info
Minimum investment amount: No min investment amount
Fees: 0.2-0.8% of the total assets (Annual)
Portfolio creation: 12 types of portfolios, covering 33 US ETFs, 14,000 securities assets and 20 different markets
Account opening: 100% online
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Aqumon
Account Funding Requirements
HKD 10,000
Fees
0.5%-0.8% AUM
Pros & Cons
Basic Info
Minimum investment amount: USD 10 for Safe Haven Portfolio
Fees: 0 commission, 0 platform fee. Advisory fee based on AUM
Portfolio creation: HK and US ETFs
Account opening: 100% online
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Open a Webull account in 3 minutes
Like other online securities firms, the process of applying for a Webull account is very simple and it only takes a few minutes to complete.
Fill in personal information: including name, date of birth, ID number, work status, investment experience, etc.
Select account: Currently, Hong Kong users can only choose cash account, and Hong Kong or Shanghai-SZ-HK Stock Connect account. Margin accounts and US stock accounts are coming soon.
Identity verification: Upload your ID card and proof of address, and transfer HK$ 10,000 to your Webull account (as per regulations HK SFC to complete online identity verification).
After completion, the account can be opened within one working day at the earliest. Don’t forget to complete the above-mentioned welcome offer conditions to received up to HKD1,700 worth of offers!
Professional yet simple user interface
Webull is not the first securities firm to use in-depth data as a selling point – and it isn’t the broker with the most number of data points. The real advantage of Webull is that it can display important data and charts in a very simple to understand way. Retail investors without professional training will not find it overwhelming!
After selecting any stock, in addition to the necessary data such as market value, turnover rate and dividend rate, you can also see the flow of funds and related news reports. In the Hong Kong stock market, reports come from local media such as Economic Daily, Hong Kong Economic Journal and Economic News; news sources for U.S. stocks include Bloomberg, CNBC, SeekingAlpha, Bloomberg, etc., to help users easily understand what news may be affecting the stock.
Webull also provides analysts’ comprehensive rating data, dividing stocks into five levels: “strong recommendation”, “buy”, “neutral”, “lagging market” and “sell”, as well as target value prediction, support level and resistance analysis. Of course, the analyst’s views are for reference only and should not be the only thing you rely on.
In the financial column, there are key data such as business analysis, earnings per share, balance sheet, and cash flow. You may have used similar financial data analysis functions on other securities trading platforms, but Webull’s unique because the chart design and color are easy to read and understand. It feels like the product was designed with an attention to the customer’s needs.
Other unique stock analysis functions that are rare in the mobile apps of similar securities firms in Hong Kong include:
Comparison: Select up to 3 stocks or indexes, and automatically make comparison charts
Replay: At a speed of 1 to 120 times, look back at the stock price of the specified date and time period like a movie
Double Chart: Split the mobile interface into two and watch the charts of two stocks at the same time
Market & Cryptocurrency Data
In the quotation column, you can see macro overview of the three markets of Hong Kong, Shanghai-Shenzhen-Hong Kong Stock Connect and US stocks, including the market index trend, market fluctuation distribution, net capital inflow, and the trend of different industry sectors and leaderboard.
In addition to the most popular stock markets, there are also the Japan FTSE 100 Index, the Canadian S&P/TSX Composite Index, and basic data on multiple major currencies. Surprisingly, they also list the price trends of more than a dozen cryptocurrencies such as Bitcoin and Ethereum. Although Webull does not allow you to trade cryptocurrencies, it’s a good way for investors to keep an eye on crypto-currency prices in the same platform!
Transaction Fee Details
Webull supports investing in Hong Kong stocks, Shanghai-Shenzhen-Hong Kong Stock Connect A shares, as well as ETFs, warrants, CBBCs and inbound securities in the Hong Kong stock market. Hong Kong stock trading supports three types of orders: market order at auction, limit order at auction, and enhanced limit order.
Like online securities firms that have emerged in recent years, Webull has taken a lower fee route.
(Applicable to U.S. market stocks and exchange traded funds (ETF) transactions)
Hong Kong stock trading items
Rate
Charged By
Commission (electronic channel)
0
Webull
Platform Fee
HK$10/order
Webull
Commission (telephone)
0.25% (min. HK$100)
Webull
Stamp Duty
0.10% (If it is less than HK$1, it will be calculated as HK$1. Not charged when trading ETFs, warrants, CBBCs, and inbound securities)
HKSAR
Transaction Levy
0.0027%
SFC
Clearing Fee
0.002% (min. HK$2,max. HK$100)
HKSE
Transaction Fee
0.005%
HKSE
Trading System Usage Fee
HK$0.5/order (min. HK$0.50)
HKSE
Investor Compensation Levy
0.002% (has been suspended until further notice since 2005)
Investor Compensation Fund
(Applicable to Hong Kong market stocks, exchange-traded funds (ETF), warrants, CBBCs, inbound securities, etc.)
Summary: A unique challenger in the investment broker market
In recent years, low-fee mobile securities firms have become popular. Since transaction costs have nearly hit rock-bottom and brokers are pushing welcome rewards, whether they can eventually keep their users depends more and more on the user experience, research functionality and content available in their apps.
We’ve reviewed almost all the major mobile securities firms in the Hong Kong market, but we’re surprised by Webull’s UX. You may find similar analysis information on other websites or platforms, but what Webull excels at is displaying data in a concise and simple way. It is by no means another ‘generic’ trading platform and we think it has a bright future in the Hong Kong market
HK Market
US Market
Robo Advisors
Futubull
Other Fee
N/A
Avg. Trade Cost
HKD 15
Welcome Offer: Enjoy up to HK$1,800 welcome offer
Register a new account on or before 30th September 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards:
1. Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$200 cash coupons
2. Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services
3. Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC
4. Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC
Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to: https://www.planto.hk/zh/blog/futu-brokers-review/
All rewards can be stacked. As of the closing price on 11 June 2024, Alibaba (NYSE: BABA) stock price was US$77.97/share As of the closing price on 15 May 2024, Nvidia (NYSE: NVDA) stock price was US$125.2/share
Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures
Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
Transaction Fees: Commission-free for HK stocks and Cryptocurrency. HKD 15 / trade as a platform fee only.
For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.).
Tiered pricing also available for people with larger number of trades (min. HKD 1 / trade)
Futu will provide users with free LV1 real-time streaming quotation services (including Hong Kong stocks, options, and futures)
Products Available: HK, US and China stocks and ETFs and Crypto Currency. Selected funds available via Futu MoneyPlus.
Cryptocurrency: support direct trade with HKD and USD without USDT exchange before trading
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)
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Futubull
Other Fee
N/A
Avg. Trade Cost
HKD 15.5
Welcome Offer: Enjoy up to HK$1,800 welcome offer
Register a new account on or before 30th September 2024 by using Planto exclusive promo code “PLANTO” can enjoy the below rewards:
1. Planto exclusive offer : Enter promo code “PLANTO” BEFORE account opening can enjoy HK$200 cash coupons
2. Lifetime commission-free for HK stocks and US stock LV2 real-time streaming quotation services
3. Open an account, deposit a total of HK$10,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$10,000 or above to receive : Alibaba (NYSE:BABA) - 1 share or HK$400 supermarket e-voucher or HK$600-equivalent BTC
4. Open an account, deposit a total of HK$80,000 or above into the Futu HK account. Maintain 60 days daily average asset* of HK$80,000 or above to receive : Nvidia (NYSE:NVDA) – 1 share or HK$1,000 equivalent BTC
Redemption procedures : Download Futu app; Register an account and go to Activity Centre; Enter “PLANTO” in redemption centre before account opening. Detailed procedures can refer to: https://www.planto.hk/zh/blog/futu-brokers-review/
All rewards can be stacked. As of the closing price on 11 June 2024, Alibaba (NYSE: BABA) stock price was US$77.97/share As of the closing price on 15 May 2024, Nvidia (NYSE: NVDA) stock price was US$125.2/share
Asset calculation method: Sum of the everyday assets/60 days; Including Cash/ Stocks/ Funds/ Options/ Futures
Investment involves risks. The fund price may move up or down. Investor should thoroughly study the funds' offering documents and other related documents (including risk disclosure statements).
Transaction Fees: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1).
For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.).
Tiered pricing also available for people with larger number of trades
Products Available: HK, US and China stocks and ETFs. Selected funds available via Futu MoneyPlus.
Margin Trading: Annual interest rate as low as 3.98% (for advanced investors)
License: Registered member of the HKEX and licensed by the SFC (Type 1, 2, 4, 5, 7, 9)
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Webull
Other Fee
N/A
Avg. Trade Cost
HKD 10
Welcome Offer: New customers can receive up to HK$1,888 worth of Apple stock by successfully opening a Webull account through the Planto website link!
- Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600.
- Successfully open an account, deposit HK$80,000 and maintain the funds for 60 days to receive extra Apple stocks worth HK$1,288.
- Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
Terms and conditions apply.
Pros & Cons
Basic Info
Transaction Fees: No commissions - just a HKD 10 platform fee per trade.
For a HKD 10,000 trade, that’s: HKD 10 per transaction
Products Available: Hong Kong and US stocks, A shares, ETFs, warrants, IPOs and odd lot shares
Real-time market information: Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Margin Trading: Unavailable
License: Licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out type 1 regulated activity (“dealing in securities”).
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Webull
Other Fee
N/A
Avg. Trade Cost
HKD 0
Welcome Offer: New customers can receive up to HK$1,888 worth of Apple stock by successfully opening a Webull account through the Planto website link!
- Successfully open an account, deposit HK$10,000, and maintain the funds for 60 days to receive Apple stocks worth HK$600.
- Successfully open an account, deposit HK$80,000 and maintain the funds for 60 days to receive extra Apple stocks worth HK$1,288.
- Trade 50 or more option contracts to enjoy 0 commission and 0 platform fees on option trading.
Terms and conditions apply.
Pros & Cons
Basic Info
Transaction Fees: No commissions - just a HKD 10 platform fee per trade.
For a HKD 10,000 trade, that’s: HKD 10 per transaction
Products Available: Hong Kong and US stocks, A shares, ETFs, warrants, IPOs and odd lot shares
Real-time market information: Free real-time quotes for Hong Kong stocks (BMP quotes) and quotes from major global exchanges
Margin Trading: Unavailable
License: Licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out type 1 regulated activity (“dealing in securities”).
See more
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Tiger Brokers
Other Fee
0
Avg. Trade Cost
HKD 0
Welcome Offer: Successfully open an account through Planto’s exclusive link then complete certain tasks until 30th September 2024 to enjoy up to HK$2,300 worth of reward:
- Exclusive HK$400 supermarket vouchers from Planto after depositing HK$10,000 , plus:
1. Time-limited Commission-Free Rewards*
- 0 Commission for HK stock trading (Lifetime)
- 0 Platform fee for HK stock trading (until 30th September 2024)
- NYSE Arca Level 2 Deep Quote streaming for US stocks (until 30th September 2024)
- 0 Commission for US stock option trading (until 30th September 2024)
- US Stock Option Lv1 Real-time Quotes (until 30th September 2024)
2. New clients account opening awards, fund more for 45 consecutive days to get more (please refer to T&Cs for detailed quolifications)
- Net deposit* HK$10,000 or US$1,500 or above : to activate HK$300 stock voucher (3x HK$100 vouchers) and 3-month free HK Stock Lv1 streaming quote
- Net deposit* HK$50,000 or above : to activate HK$600 stock vouchers (6x HK$100 vouchers)
- Net deposit* HK$100,000 or above : to activate HK$1,200 stock vouchers (12x HK$100 vouchers)
3. Complete 5 non-forex trades with each trade amounting to or exceeding HK$100 within 60 days after successful account opening (applicable to both Hong Kong and US stocks) : to activate HK$700 stock voucher (7x HK$100 vouchers)
* Net deposit = deposit amount - withdrawal amount, excluding the part of asset increase or decrease due to normal transactions.
^Daily cumulative net deposits = (from the account opening date) cumulative deposit amount - (from the account opening date) cumulative withdrawal amount, excluding asset fluctuations caused by normal trading activities
Welcome Offer: On or before 30 September 2024, apply via Planto and use the promo code「614701」, successfully open an account and deposit HK$10,000 to receive up to HK$2,100 worth of rewards:
Planto exclusive HK$200 supermarket coupon and HK$100 stock cash coupon
Choose from one of the below 2 offers :
A. Up to HK$1,400 : 1) APR offer for deposit with 6% + 5% (up to HK$1,200) and 2) total worth of HK$200 stocks cash coupon)
B. Total worth up to HK$1,800 : 1) Total worth of HK$800 stocks cash coupon and 2) Total worth of HK$1,000 cash rebate (upon 15 tradings)
New customers who transfer the stock to LongBridge can get an iPad mini 6 or the newest model of iPhone
* Total worth of HK$1,000 cash rebate (upon 15 tradings)
Terms and conditions
Pros & Cons
Basic Info
Transaction Fee: For HK stocks, commissions of 0.03% per trade (min HK$3), and platform fees of HK$15 per trade (0 commission during promotion period)
For a HKD 10,000 trade, that's: HKD 15 per transaction (excl. mandatory costs by the HK Exchange, etc.).
Product available: HK and US stocks and ETFs
Margin trading: Annual interest rate of 6.5%
License: Licensed by the SFC (Type 1, 4, 9)
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LONGBRIDGE
Other Fee
N/A
Avg. Trade Cost
HKD 8
Welcome Offer: On or before 30 September 2024, apply via Planto and use the promo code「614701」, successfully open an account and deposit HK$10,000 to receive up to HK$2,100 worth of rewards:
Planto exclusive HK$200 supermarket coupon and HK$100 stock cash coupon
Choose from one of the below 2 offers :
A. Up to HK$1,400 : 1) APR offer for deposit with 6% + 5% (up to HK$1,200) and 2) total worth of HK$200 stocks cash coupon)
B. Total worth up to HK$1,800 : 1) Total worth of HK$800 stocks cash coupon and 2) Total worth of HK$1,000 cash rebate (upon 15 tradings)
New customers who transfer the stock to LongBridge can get an iPad mini 6 or the newest model of iPhone
* Total worth of HK$1,000 cash rebate (upon 15 tradings)
Terms and conditions
Pros & Cons
Basic Info
Transaction Fee: For US stocks, commissions of US$0.0049 per share (min. US$0.99), and platform fees of US$0.005 per share (min. US$1) - 0 commission during promotion period.
For a US$1,000 trade with 5 shares, that's about: US$2 (excl. mandatory costs by the SEC, etc.).
Product available: HK and US stocks and ETFs
Margin trading: Annual interest rate of 4.8%
License: Licensed by the SFC (Type 1, 4, 9)
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uSMART Securities
Other Fee
N/A
Avg. Trade Cost
HKD 8
Welcome Offer: April special offer, Open an account with uSmart to earn:
• 2024 promotion : US$1.5 transaction fee per trade for US stock, 0 commission and platform fee for HK stock
• Real-time streaming quotation for HK stocks (Terms and conditions apply)• Lifetime free U.S. stock commission (only for standard accounts)
• HK$20 cash coupons X8
#For HK stocks, you can enjoy 0 commission and platform fee by trading the designated 16 ETF. For US stocks, you can enjoy US$1.5 transaction fee per trade when the value of each trading of main board stocks equals or higher than US$100.
Transaction Fees: 0% commission rate per US stock transaction for Standard Account users only, with a fixed US$0.005 platform fee per share
Investment product available:: HK, US and China stocks, ETFs and warrants. Selected funds available via Smart Fund platform.
Investment service available:: Discretionary Investment Management Account, Professional Investment Advisory
Margin Trading: 2.98% margin rate
License: Licensed by the SFC (Type 1, 4, 9)
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Interactive Brokers
Other Fee
N/A
Avg. Trade Cost
0.05% of Trade Value
Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. *Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account
**Interest rate if for reference only, it may change any time according to market condition
Pros & Cons
Basic Info
Transaction Fees: For HK stocks, commission fee of 0.08% to 0.015%
Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India
Margin Trading: as Low as 5.637%
Hong Kong SFC license: SFC license Type 1,2,3
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Interactive Brokers
Other Fee
N/A
Avg. Trade Cost
US$0.005 / share
(min. from US$0.35)
Welcome Offer: Earn up to 4.83% annual interest rate on positive settled cash balance for accounts with total NAV of US$100,000 or higher. *Accounts with NAV of less than US$100,000 receive interest at rates proportional to the size of the account
**Interest rate if for reference only, it may change any time according to market condition
Pros & Cons
Basic Info
Transaction Fees: For US stocks, commission fee of US$0.005 / share to US$0.0005 / share
Product available: Stocks, options, futures, currencies, bonds from 150 exchanges in 34 regions including the U.S., Canada, Mexico, Israel, Germany, Netherlands, Japan, Hong Kong, Taiwan, Singapore and India
Margin Trading: as Low as 5.3%
Hong Kong SFC license: SFC license Type 1,2,3
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Syfe
Account Funding Requirements
HKD 10,000
Fees
0.35%-0.65% AUM
Pros & Cons
Basic Info
Minimum investment amount: No minimum investment requirement
Fees: 0.35% to 0.65% of total assets (annual)
Portfolio creation: U.S., China stocks and ETFs, including direct indexed and thematic portfolios
Account opening: 100% online account opening through Syfe mobile app
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Stashaway
Account Funding Requirements
HKD 10,000
Fees
0.2%-0.8% AUM
Welcome Offer: New customers who successfully open a StashAway account via Planto’s link can enjoy 3 months of free management for up to HK$50,000.
Pros & Cons
Basic Info
Minimum investment amount: No min investment amount
Fees: 0.2-0.8% of the total assets (Annual)
Portfolio creation: 12 types of portfolios, covering 33 US ETFs, 14,000 securities assets and 20 different markets
Account opening: 100% online
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Aqumon
Account Funding Requirements
HKD 10,000
Fees
0.5%-0.8% AUM
Pros & Cons
Basic Info
Minimum investment amount: USD 10 for Safe Haven Portfolio
Fees: 0 commission, 0 platform fee. Advisory fee based on AUM
Portfolio creation: HK and US ETFs
Account opening: 100% online
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