WikiFX

Reply

As an experienced trader, I always focus on understanding the complete fee structure before choosing a broker. With KGI Asia, the total trading costs for instruments like indices (such as the US100) aren't fully transparent, which for me is both a caution and a drawback. From what I can gather, KGI Asia operates primarily as a platform for securities, stocks, options, and futures; they do not offer CFD or forex trading, so any index trading would have to be through either futures or specific index-linked instruments rather than the leveraged products common with other brokers. The main direct cost is the commission: for web-based trades, the stated commission rate is 0.25% per trade with a minimum HKD 100, while short selling incurs 0.5% per trade (minimum HKD 200). Additional mandatory fees include stamp duty (0.13%), SFC transaction levy (0.0027%), Financial Reporting Council levy (0.00015%), and an HK trading fee (0.00565%), all as percentages of the gross transaction amount. There’s also a settlement fee (0.005%, with min and max caps), and potentially other exchange or product-specific charges. For me, these layered charges add up, especially with larger volumes. Moreover, the lack of published spreads or specific margin/leverage requirements for index-related trades means I’d advise anyone to check directly with KGI for the exact costs for your intended product. Because fees can erode returns, especially for active traders, I always confirm the full fee schedule and any product limitations before trading. The transparent breakdown of commissions is a plus, but unclear information on spreads and leverage limits means I must proceed with caution and seek full clarity before committing significant capital.