New Online Trading Commission for HK Stock Options and Trades Amalgmation Explanation

New HK Stock Option Online Trading Fees Notice

Phillip is committed to providing clients with a more competitive trading environment. To further enhance service quality, the online trading commission for Hong Kong stock options is lowered to 0.18%，Min. HKD 16, allowing you to seize investment opportunities at a more favorable cost.

New Commission Details:

Commission: 0.18% (minimum charge HKD 16)*
Effective Date: July 1, 2025 (Hong Kong Time)
Applicable to: Clients who open a Hong Kong stock options account from July 1, 2025 onwards

With the new commission and Phillip’s “Trades Amalgmation”, the minimum charge per trade can be as low as HKD 4

Phillip’s trades amalgmation advantage allows you to trade flexibly in batches, saving on commission costs.

Trades Amalgmation Mechanism Explanation:

In Phillip, HK stock options traded through the same channel are automatically merged to help clients optimize trading costs. When a client conducts multiple trades in the same direction (buy/sell, open/close) for the same option contract (same underlying, expiry date, strike price) on the same trading day, these trades will automatically be merged into one order for every 4 execution prices, and the minimum commission will only be charged once.

Advantages of Phillip’s Trades Amalgmation

Flexible Position building: Trade in multiple batches to respond to market fluctuations
Save Commissions: Avoid multiple minimum charges and optimize transaction costs
Automatic Execution: No manual operation required, the system automatically merges orders

Trades Amalgmation Example:

Suppose a client wants to buy 4 lots of Alibaba (9988.HK) call options expiring in January with a strike price of $100 in separate trades, and each trade is executed at a different price:

Traditional Securities Firms (No Trades Amalgmation):
Placing 4 separate trades → at least 4 minimum commissions charged

Phillip’s Trades Amalgmation Method:
Placing 4 separate trades → Every 4 execution prices are automatically merged into 1 transaction → Only 1 minimum commission is charged → Effectively minimum charge per trade is HKD 4

Terms and Conditions

The new commission only applies to clients who open a Hong Kong stock options account from July 1, 2025 onwards.
The new commission applies to online trades only. Phone orders and exercises remain unchanged.
Trades amalgmation only applies to trades on the same trading day, for the same contract, and in the same direction.
Different option contracts (such as different strike prices or expiry dates) will not be merged.
Only transactions via the same order placement channel will be merged; and online trades and phone orders will not be merged together.
For the final commission charge, please refer to the daily statements.
This offer applies only to retail accounts (individual and joint accounts) and does not apply to corporate or institutional investors.
Commission and related fees are subject to change without prior notice.
In case of any dispute, the company reserves the right of final decision.

* Clients who are charged the new commission rate is not eligible for current promotional offers, including but not limited to day trade, long contracts promotion, and 1 million AUM promotion.

Disclaimer and Risk Disclosure
The company reserves the right to amend the relevant terms and conditions without prior notice. In case of any dispute, the company reserves the right of final decision.
Investment involves risks. Please refer to the "Risk Disclosure Statement" on our website www.poems.com.hk for details.