WikiFX

Reply

From my experience trading with Phillip Securities Group, I’ve found that their fee structure presents both advantages and some notable limitations. When looking at online trading, their commissions are generally competitive and in line with what I expect for a regulated Hong Kong broker. For local Hong Kong stocks, the standard online commission rate is 0.08%, decreasing to 0.05% for day trades under HKD 30,000—this is fairly reasonable compared to regional peers. Notably, many custodial fees are waived for smaller portfolios, which, for me, keeps routine holding costs down. However, there are additional market-specific fees such as stamp duties, transaction levies, and clearing charges that are standard in the Hong Kong market. For certain overseas assets, particularly U.S. stocks, the commission can be as low as USD 0.0099 per share (with a USD 1 minimum), which I consider fair, but trading via phone incurs steeper minimums. International trades—especially those less frequently executed or placed over the phone—can face noticeably higher minimum commissions, which is something I always weigh when diversifying globally. Spreads depend on the specific asset, and while Phillip Securities lists competitive spreads for some instruments, detailed information can be lacking. I also make a point to watch for occasional promotional offers, as these often have restrictive terms and should not be the primary factor in fee assessment. Overall, in my judgement, Phillip Securities Group offers cost transparency typical for a regulated Hong Kong entity. However, traders should carefully review the full schedule of market-specific charges before committing significant funds, as complex multi-asset fee structures can impact net trading costs.