A deposit of at least US$3,000 (or non-USD equivalent) is required to open an individual account and start trading futures on our TREX platform. To trade on a margin account, you must maintain a balance of at least US$2,000 or non-USD equivalent. 

The tables below display the futures products available to trade, the exchange, currency, exchange and regulatory fees.

Minimum Balance

Category Required Deposit
Individual Accounts USD 3,000 (or non-USD equivalent)

Notes: To trade a margin account you must maintain at least USD 2,000 or non-USD equivalent.

Commissions – Stocks

SEHK Stocks, Warrants, Structured Products Charges (% of Trade Value) Denominated Products Minimum Charges (HKD) Denominated Products Maximum Charges (HKD)
Commission 0.25 HKD 90
Stamp Duty 0.1 HKD 1 per HKD1,000 Transaction Amount
SFC Transaction Levy 0.0027
Exchange Fee 0.005% + HKD0.5 Per Trade
Clearing Fee 0.002 HKD 2 Per Trade HKD 100 Per Trade
US Stocks Charges (USD) Denominated Products Minimum Charges (USD) Denominated Products Maximum Charges
Commission USD 0.02 Per Share USD12 Per Order 0.55% of Trade Value
Transaction Fee (Sell Order Only) USD 0.0000231✕Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.000119✕Quantity Sold USD 5.95 Per Trade
  • Commissions apply to all order types.
  • All exchange fees are included.
  • For clients who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using ADSS Smart routing, ADSS reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, ADSS will provide notice to affected clients.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
HK Stock Options * Charges Minimum Charges (HKD)
Commission 0.25% of option value HKD 38
Exchange fee Tier 2# : HKD 1.00 for each contract
Tier 3# : HKD 0.5 for each contract
All other stock options: HKD 3.00
Exercise Fee (levied by SEOCH) HKD 2 for each contract

Notes:
* For all exercise and assignments standard stock commissions apply plus Stock Exchange Options Clearing House (SEOCH) fee of HKD 2.00 per contract.
# Tier II stock options are options on the following underlying symbols: 3, 11, 17, 66, 135, 267, 293, 358, 386, 388, 489, 762, 857, 902, 914, 1088(CSB only), 1171, 1339, 1359, 1800, 1816, 1928, 1988, 2319, 2388, 2600, 2628, 2800, 3323, 3888, 3968, 6030.
 Tier III stock options are options on the following underlying symbols: 23, 151, 330, 390, 494, 728, 883, 939, 992, 998, 1088(CSE only), 1186, 1398, 1880, 1898, 1919, 2038, 2282, 2333, 2777, 2888, 2899, 3328, 3800, 3988.

US Stock Options Charges Minimum Charges (USD)
Commission USD1.8 per contract USD 2
Options Regulatory Fee USD 0.0378 per contract
 Transaction Fees USD 0.0000130 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.002 * Quantity Sold
OCC Clearing Fees Trades of 1 - 1,100 contracts: USD 0.05 per contract
Trades of > 1,100 contracts: USD 55.00 per trade

Notes:
1. The Options Regulatory Fee ("ORF") is charged by the following exchanges: AMEX, BATS, BOX, CBOE, CBOE2, ISE, GEMINI, MIAX, NOM, NASDAQBX, PCX, PHLX.
2. Fee applies to executions which clear in the "Customer" account with OCC. This will generally include Public Customer and Professional Customer transactions.
3. Transaction fees are only charged for sell orders.

Other Fees and Charges

There are a range of other fees that may be applied when trading securities, futures and options on our TREX platform. A monthly activity fee of US$10 (or non-US equivalent) is charged for traders and investors who do not meet our required minimums. This will be waived if you have more than US$100,000 in equity or make at least two transactions of any asset class (except forex) within the month.

Interest rates will be charged to you when trading on margin too. The rate charged will depend on the loan amount and currency, while there may be an overnight position fee per contract as well. All other fees and charges are displayed below.

Universal / Monthly Activity Fee

Monthly Activity Fee = USD10 (or non-US equivalent)

Our accounts are designed for sophisticated traders and investors who regularly meet our required minimums. If you do not meet those minimums, we charge a monthly activity fee. Generally we waive this fee for any month in which:

  • You have more than USD 100,000 in equity or
  • You can make two transactions of any asset class (excluding FX) within the month.

Universal / Corporate Actions/Dividends

The following represents fees charged by ADSS for the processing of Corporate Actions affecting securities in your portfolio.

Type Fees
Requests to exercise Dissenter or Appraisal Rights USD 100 + external costs
Hong Kong Stock Tenders for Cash 0.1% Stamp Duty
All Other (Mandatory, Voluntary, With Options, etc) Free

Universal / Exercise and Assignment*

Product Fees
Stock Options No fees
Non-US Index Options
  • Charged standard option commissions on exercise or assignment.
  • No charges on lapsed/expired contracts.
Futures / Futures Options
  • Charged the standard futures or futures options commission at expiration of the contract.

Notes: *ADSS does not charge an option exercise or assignment fee. Certain transactions are subject to the standard commissions for the applicable product.

Universal / Interest Rates Charged to You (Margin Loan)

When calculating rates, keep in mind that ADSS uses a blended rate based on the tiers below. For example, for a balance over USD 1,000,000, the first USD 100,000 is charged at the Tier I rate, the next USD 900,000 at the Tier II rate, etc.

ADSS accrues interest on a daily basis and posts actual interest monthly on the third business day of the following month.

The tiers on which interest is based may change from time to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates.

Currency Loan Amount Rate Charged
USD 0 – 100,000 4.41%
100,000.01 – 1,000,000 3.91%
1,000,000.01 – 3,000,000 3.41%
3,000,000.01 – 200,000,000 3.21%
200,000,000.01 + 3.21% See note below
CNY/CNH 0 – 625,000 7.382%
625,000.01 – 6,250,000 7.382%
6,250,000.01 – 125,000,000 7.382%
125,000,000.01 + 7.382% See note below
HKD 0 – 780,000 4.258%
780,000.01 – 7,800,000 3.758%
7,800,000.01 – 780,000,000 3.258%
780,000,000.01 + 3.258% See note below
AUD 0 – 140,000 4.206%
140,000.01 – 1,400,000 3.706%
1,400,000.01 – 140,000,000 3.206%
140,000,000.01 + 3.206% See note below
CAD 0 – 140,000 3.889%
140,000.01 – 1,400,000 3.389%
1,400,000.01 – 140,000,000 2.889%
140,000,000.01 + 2.889% See note below
CHF 0 – 100,000 2.5%
100,000.01 – 1,000,000 2%
1,000,000.01 – 200,000,000 1.5%
200,000,000.01 + 1.5% See note below
CZK 0 – 400,000,000 4.622%
400,000,000.01 + 4.622% See note below
DKK 0 – 120,000,000 4%
120,000,000.01 + 4% See note below
EUR 0 – 100,000 2.5%
100,000.01 – 1,000,000 2%
1,000,000.01 – 150,000,000 1.5%
150,000,000.01 + 1.5% See note below
GBP 0 – 80,000 3.073%
80,000.01 – 800,000 2.573%
800,000.01 – 160,000,000 2.073%
160,000,000.01 + 2.073% See note below
HUF 0 – 4,500,000,000 6%
4,500,000,000.01 + 6% See note below
ILS 0 – 80,000,000 6%
80,000,000.01 + 6% See note below
JPY 0 – 11,000,000 2.5%
11,000,000.01 – 110,000,000 2%
110,000,000.01 – 20,000,000,000 1.5%
20,000,000,000.01 + 1.5% See note below
MXN 0 – 1,900,000 11.991%
1,900,000.01 – 19,000,000 10.991%
19,000,000.01 – 1,900,000,000 10.491%
1,900,000,000.01 + 10.491% See note below
NOK 0 – 850,000 2.913%
850,000.01 – 8,500,000 2.413%
8,500,000.01 – 850,000,000 1.913%
850,000,000.01 + 1.913% See note below
NZD 0 – 150,000 4.159%
150,000.01 – 1,500,000 3.659%
1,500,000.01 – 150,000,000 3.409%
150,000,000.01 + 3.409% See note below
PLN 0 – 70,000,000 5.441%
70,000,000.01 + 6.441% See note below
RUB 0 – 660,000,000 12.579%
660,000,000.01 + 12.579% See note below
SEK 0 – 850,000 2.5%
850,000.01 – 8,500,000 2%
8,500,000.01 – 850,000,000 1.5%
850,000,000.01 + 1.5% See note below
SGD 0 – 150,000 4.352%
150,000.01 – 1,500,000 3.852%
1,500,000.01 – 150,000,000 3.352%
150,000,000.01 + 3.352% See note below
ZAR 0 – 1,500,000 8.975%
1,500,000.01 – 15,000,000 8.475%
15,000,000.01 – 1,500,000,000 8.225%
1,500,000,000.01 + 8.225% See note below

Note: May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.

North America / Corporate Actions/Dividends

The following represents fees charged by ADSS for the processing of Corporate Actions affecting securities in your portfolio.

United States and Canada

Type Fees
Requests to exercise warrants External costs

North America / Exercise and Assignment*

United States

Product Transaction Fees
Stock Options # USD 0.000119 ✕ Quantity Stock Sold, max USD 5.95 per Trade and USD 0.0000231 ✕ Aggregate sales proceeds on stock
US Index Options No fees
Futures / Futures Options Charged the standard futures or futures options commission at expiration of the contract

Notes:
* ADSS does not charge an option exercise or assignment fee. Certain transactions are subject to the standard commissions for the applicable product.
# The transaction fees listed represent allocations of costs charged to ADSS by third-parties. ADSS does not assess a separate option exercise/assignment fee.

North America / Misc Fees

North America

Currency Archived Statements *
USD USD 25.00/first statement,
USD 5.00/each additional statement.
CAD CAD 25.00/first statement,
CAD 5.00/each additional statement.
MXN MXN 300.00/first statement,
MXN 60.00/each additional statement.

Notes: *We provide free web-based access to the following account statements:

  • Daily account statements are available for the prior four years and year-to-date.
  • Monthly account statements are available for 60 months.
  • Annual account statements are available for the prior five years.
  • Statements are maintained for a period of 7 years.

Asia-Pacific / Misc Fees

Currency Asset Transfer (Out) * Archived Statements #
HKD HKD 400.00 HKD 200.00/first statement,
HKD 40.00/each additional statement.

Notes:
* When transferring Asian positions from your ADSS TREX account, there is a charge of USD 50.00 for each request or that amount listed in the above table.
# We provide free web-based access to the following account statements:

  • Daily account statements are available for the prior four years and year-to-date.
  • Monthly account statements are available for 60 months.
  • Annual account statements are available for the prior five years.
  • Statements are maintained for a period of 7 years.