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As an experienced trader who prioritizes regulatory oversight and fee transparency, I took a careful look at CMB’s commission structure. From what I can personally verify, CMB does not offer traditional ECN or raw spread accounts like many forex-focused brokers. Their services are centered on stocks, options, and futures, and these products are not quoted in the typical “per lot” forex format. Instead, CMB charges commissions based on the transaction amount for these instruments—specifically, for Hong Kong stocks, the commission for online trading is 0.20% of the transaction amount, with a minimum fee applied. For telephone orders, the rate is 0.25%. There’s currently no option for trading forex pairs, and thus the “per lot” commission question doesn’t directly apply to their product lineup. I believe this distinction is key: understanding the precise fee model is crucial because it affects total trading costs and transparency. In my experience, transparent listing of these percentages and minimums is positive and helps prevent fee-related surprises. I do want to stress, however, that while one user review praised the fair trading environment and clarity of fees, others reported serious withdrawal issues and frustrating interactions. This highlights why I always exercise caution and conduct due diligence before engaging with any platform, regardless of its regulatory status. For those seeking raw spread forex or ECN-style pricing, I would look elsewhere, as CMB’s current offering does not fit that profile.