BOCI Securities

 

The international securities arm of Bank of China seems to be a fairly popular choice for online trading of Hong Kong stocks, but I haven’t had any feedback from users who’ve used the fairly extensive list of foreign markets it claims to deal by telephone.

Its website gives absolutely no indication of commission levels, simply saying “Commission rate will be determined and agreed between customer & BOCI Securities”. Some details of custody and other fees are given, but may be unreliable – the claimed custody fees for Malaysia and Thailand are incomprehensibly high.

Markets available
Online tradingHong Kong, USA
Telephone tradingAustralia, Canada, China B, France, Germany - Frankfurt, Japan - Osaka, Japan - Tokyo, Malaysia, Netherlands, Singapore, Sweden, Taiwan, Thailand, UK
Dealing commissions and charges
Typical onlineNone stated
Online detailsNone stated
Typical telephoneNone stated
Telephone detailsNone stated
Other fees and charges
Account fees and inactivity feesNone
Custody charges for stocksAustralia 0.02%/12 per month (min A$5), Japan US$5 per stock per month, Malaysia 0.005% per month (min US$150), Taiwan 0.1%/12 per month, Thailand, 0.07%/12 per month (min US$80), Canada, France, Germany, Netherlands, Sweden, UK, USA US$5 per stock per month
Dividend chargesAustralia A$10, China B US$6.5/HK$50, Hong Kong 0.12% (min HK$20, max HK$10,000), Singapore 0.125% (min S$110, max S$100), Taiwan 0.6% (min NT$800), Canada, France, Germany, Japan, Netherlands, Sweden, UK, USA US$2
Corporate action chargesAustralia bonus/scrip issue A$15, other A$70; China B bonus issue US$2.5/HK$20; Japan bonus issue US$2, other US$20; Taiwan NT$800; Canada, France, Germany, Netherlands, Sweden, UK, USA bonus/scrip US$2, other US$20
Currencies
Currency conversion chargesNot stated
Hold cash in foreign currenciesNo
Currencies allowedHKD/USD
Other details
Tax-advantaged accountsNone
Other products and servicesBonds, funds, futures, options
Minimum account sizeNone
Company locationHong Kong
Further informationVisit the BOCI Securities website

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 Posted by at 2:55 am