International investors comparing brokerage accounts in Asia should be aware that Phillip Securities Hong Kong and Phillip Capital Singapore seem to be run independently of each other and offer different services.
The Hong Kong arm offers more markets online than the Singapore division, but less markets overall. International investors looking for an offshore account to trade Asian markets may do better through its sister firm or OCBC Securities in Singapore.
However, this is still one of the better multimarket brokers around and worth considering, especially if you need to invest in Japanese markets other than Tokyo which are rarely offered by international retail stock brokers (fellow Hong Kong broker Boom Securities is also worth considering for this purpose).
| Online trading | Australia, China B, Hong Kong, Indonesia, Japan - Nagoya, Japan - Osaka, Japan - Sapporo, Japan - Tokyo, Korea, Malaysia, Singapore, Taiwan, Thailand, USA, USA OTCBB and Pink Sheets |
| Telephone trading | Belgium, Canada, Finland, France, Germany - Frankfurt, Germany - Stuttgart, Germany - Regional, Ireland, Netherlands, Portugal Philippines, Sweden, Switzerland, Turkey, UK |
| Typical online | min ~HK$100-380 |
| Online details | Australia up to 0.38% (min A$35), China B 0.3% (min Shanhai US$30, Shenzhen HK$150), Hong Kong 0.25% (min HK$100), Indonesia 0.65% (min IDR215,000), Japan up to 0.5% (min ¥3,000), Korea 0.35% (min KRW20,000), Malaysia 0.3% (min MYR75), Singapore up to 0.35% (min S$33), Taiwan 0.25% (min NT$600) plus NT$250, Thailand 0.4% (min THB700), USA up to 0.25% (min US$20) |
| Typical telephone | min ~HK$250-1,200 |
| Telephone details | Canada 0.33% (min C$38), Belgium, France, Netherlands, Portugal up to 0.3% (min €20), Finland, Ireland 0.3% (min €28), Germany - Frankfurt 0.29% (min €30), Germany - Stuttgart and Regional 0.4% (min €38), Philippines 0.6% (min PHP2,000) plus PHP82.5, Sweden 0.3% (min SEK180), Switzerland 0.3% (min CHF45), Turkey 0.3% (min TRY33), UK up to 0.5% (min £48) |
| Account fees and inactivity fees | None |
| Custody charges for stocks | Custody charges: Germany 0.03% per year, Taiwan 0.12% per year min HK$50, others none |
| Dividend charges | Dividend handling charges: Australia A$5, Canada C$4, China B Shanghai US$4 Shenzhen HK$30, Germany €10, Hong Kong 0.5% (min HK$30, max HK$2,500), Indonesia IDR37,500, Japan ¥450, Korea KRW3,800, Malaysia 0.5% (min MYR20), Philippines 2% (min PHP228, max PHP2,000), Singapore 2% (min S$8, max S$100), Taiwan NT$150, Thailand THB150, UK £3, USA 2% (min US$6, max US$70) |
| Corporate action charges | Corporate action handling charges: Hong Kong rights issue HK$1.2 per board lot plus HK$30, others not stated |
| Currency conversion charges | Not stated |
| Hold cash in foreign currencies | Yes |
| Currencies allowed | AUD, CAD, CNY, EUR, GBP, HKD, JPY, SGD, USD |
| Tax-advantaged accounts | None |
| Other products and services | Futures, FX, options |
| Minimum account size | None (HK$10,000 for applicants not opening account in person) |
| Company location | Hong Kong |
| Further information | Go to the Phillip Securities Hong Kong website |
Compare Phillip Securities Hong Kong with another broker