--- title: "Example of calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market" description: "Below are examples of the calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market.1. ExampleTransaction DateDelivery DateMarketCurrencyStock codeSidePriceTrading VolumeTurnover11 November13 NovemberHKHKD1288.HKBuy2.9835,000104,300.0011 November13 NovemberHKHKD1288.HKBuy2.992,0005,980.0012 November14 NovemberHKHKD1288.HKSell3.0230,000" slug: "rpop8q" locale: "en" region: "hk" region_label: "Hong Kong" url: "https://longbridge.com/hk/en/support/topics/hkmarket/rpop8q.md" updated_at: "2025-12-05T07:05:10.000Z" category: "hkmarket" category_title: "HK market" references: related: - title: "Odd Lot Trades FAQs" url: "https://longbridge.com/hk/en/support/topics/hkmarket/a46bzt.md" - title: "Introduction to Warrants and CBBCs" url: "https://longbridge.com/hk/en/support/topics/hkmarket/3et7xd6.md" - title: "Order Types - HK" url: "https://longbridge.com/hk/en/support/topics/hkmarket/order-types-hk.md" - title: "Trading Rules" url: "https://longbridge.com/hk/en/support/topics/hkmarket/4gdrk7d.md" - title: "Gray Market Trading" url: "https://longbridge.com/hk/en/support/topics/hkmarket/37pu3ox.md" --- # Example of calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market [Table of Contents](https://longbridge.com/hk/en/support/toc.md) Below are examples of the calculation rules for trading commissions, third-party fees, and margin financing interest in the Hong Kong stock market. ## 1\. Example Transaction Date Delivery Date Market Currency Stock code Side Price Trading Volume Turnover 11 November 13 November HK HKD 1288.HK Buy 2.98 35,000 104,300.00 11 November 13 November HK HKD 1288.HK Buy 2.99 2,000 5,980.00 12 November 14 November HK HKD 1288.HK Sell 3.02 30,000 90,600.00 12 November 14 November HK HKD 1288.HK Sell 3.02 6,000 18,120.00 ## 2\. Commission Rate **Market** HK Market **Currency** HKD **Trading commission** 0.03% per order / Min. charge 3 HKD **Platform Fee** 15 HKD per order **Margin interest** 5.75% **Clearing Fee** 0.002% \* Trade Value Min. 2 HKD and Max. 100 HKD / Order **Stamp duty** 0.1% \* Trade Value (Rounding up to the nearest integer) For example, 2.01 HKD will be counted as 3.00HKD **Transaction Fee** 0.00565% \* Transaction amount (min. charge 0.01 HKD) **Transaction Levy** 0.0027% \* Transaction amount (min. charge 0.01 HKD) **FRC Transaction Levy** 0.00015% \* Transaction amount (min. charge 0.01 HKD) ## 3\. Rules **Commission / trading platform fee calculation rules:** Commission and platform fee are calculated separately and collected according to individual orders. **Margin Interest calculation rules：**No interest will be calculated before transaction is settled,Interest will be calculated after settlement completes **Lifetime commission-free rule:** The card will take effect the next day after activation, and the relevant market will be exempted from trading commission except for Pre-IPO trading. ## 4\. Calculation results ### Commission / trading platform fee 01288.HK stocks were purchased on 11 November, and two orders completed at different times are considered different orders. Each order will also be treated as separated trades and commissions are calculated separately. The calculation results are as follows: Transaction Date Delivery Date Market Currency Side Price Trading Volume Turnover Commission Platform fee 11 November 13 November HK HKD Buy 2.98 35,000 104,300.00 31.29 15 11 November 13 November HK HKD Buy 2.99 2,000 5,980.00 3 15 01288.HK stocks were sold on 12 November, and two orders completed at different times are considered different orders. Each order will also be treated as separated trades and commissions are calculated separately. The calculation results are as follows: Transaction Date Delivery Date Market Currency Side Price Trading Volume Turnover Commission Platform fee 12 November 14 November HK HKD Sell 3.02 30,000 90,600.00 27.18 15 12 November 14 November HK HKD Sell 3.02 6,000 18,120.00 5.44 15 ### Third-party agency fees 01288.HK stocks were purchased on 11 November and executed at different points in time. Two orders were executed in total. Third-party agency fees are calculated as follows: Price Trading Volume Turnover Clearing Fee Stamp duty Transaction Fee Transaction Levy FRC Transaction Levy Total Third-party agency fees 2.98 35,000 104,300.00 2.09 105 5.90 2.82 0.16 115.97 2.99 2,000 5,980.00 2 6 0.34 0.16 0.01 8.51 01288.HK stocks were sold on 12 November and executed at different points in time. Two orders were executed in total. Third-party agency fees are calculated as follows: Price Trading Volume Turnover Clearing Fee Stamp duty Transaction Fee Transaction Levy FRC Transaction Levy Total Third-party agency fees 3.02 30,000 90,600.00 2 91 5.12 2.45 0.14 100.71 3.02 6,000 18,120.00 2 19 1.03 0.49 0.03 22.55 ### Margin Interest If the account cash balance is 0 as HK dollar, means that allows you to borrow cash to purchase stocks. (Clients needed to meet margin requirements) Buying 01288.HK stock on 11 November, the settlement amount required for delivery on 13 November is: （104,300+31.29+15+115.97）+（5,980+3+15+8.51）=110,468.77. Selling 01288.HK stock on 12 November, the settlement amount required for delivery on 14 November is: （90,600-27.18-15-100.71）+（18,120-5.44-15-22.55）=108,534.12. Date Cash balance Margin interest Remarks 11 November \- \- No interest will be calculated before cash is settled 12 November \- \- 13 November \-110,468.77 \-110,468.77\*5.75%/365 Interest will be calculated after settlement completes 14 November \-110,468.77 +108,534.12 \-1,934.65\* 5.75%/365 Interest will be calculated after settlement completes 15 November \-110,468.77 +108,534.12 \-1,934.65\* 5.75%/365 Interest will be calculated after settlement completes 16 November \-110,468.77 +108,534.12 \-1,934.65\* 5.75%/365 Interest will be calculated after settlement completes **Key takeaways:** - **Fee calculation**: Trading commissions are calculated separately for each order and are not aggregated. - **Margin financing interest calculation**: No interest is charged on undelivered trading; interest begins to accrue from the delivery day. - **Commission-free rule**: The coupon takes effect on the next day after being activated, and commissions for non-dark market trading in the corresponding market will be waived. **Disclosures** *This article is for reference only and does not constitute any investment advice.* --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice. 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