Why choose CITIC Securities
CITIC Securities is a Chinese full-service investment bank, regulated by the Chinese Securities Regulatory Commission (CSRC).
It has low fees for the Chinese market and there is no inactivity or withdrawal fee. The account opening is easy, fast and fully digital. The available research tools include high-quality trading ideas and detailed fundamental data. It is a good choice for beginner investors.
On the other hand, CITIC Securities covers only the Chinese and Hong Kong markets. There is no demo account, and the trading platforms lack important features such as advanced order types and a two-step login.
BrokerChooser gave CITIC Securities a 4.5/5 rating based on analyzing 600+ criteria and testing via opening a live account.
- Low fees on Chinese markets
- Easy account opening
- Excellent research tools
Fees
- Low fees for Chinese stocks
- Low non-trading fees
We compared CITIC Securities's fees with two similar brokers we selected, Interactive Brokers and TradeStation. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of CITIC Securities alternatives.
The fee structure is different based on whether you open an account with CITIC Securities's Mainland China legal entity or the Hong Kong-based legal entity.
We calculated the fees relevant to the Mainland China legal entity. The commissions for different assets are listed n the table below.
Shanghai | Shenzhen | |
---|---|---|
China A Shares, funds, ETFs | 0.03% of trade value, minimum CNY 5 | |
China B Shares | 0.03% of trade value, minimum $1 | 0.03% of trade value, minimum HKD 5 |
Southbound connect* | 0.12% of trade value, minimum HKD 100 | 0.08% of trade value, minimum HKD 100 |
Bonds | 0.03% of trade value, minimum CNY 5 |
*This allows customers to trade Hong Kong stocks. However, you need to meet several criteria to be eligible for this service.
Chinese stock fees
Below, you can also compare how CITIC Securities's stock and ETF fees stack up against its competitors.
CITIC Securities has generally low stock and ETF commissions.
CITIC Securities | Interactive Brokers | TradeStation | |
---|---|---|---|
China share | $0.7 | $2.1 | - |
Hong Kong share | $13.0 | $2.3 | - |
No inactivity fee, low withdrawal fee
There is no fee for account maintenance, inactivity or withdrawal.
However, there is a fee charged for account opening. For example, opening an account to trade China A-shares costs CNY 40.
Broker | Inactivity fee | Withdrawal fee |
---|---|---|
CITIC Securities | $0 | |
Interactive Brokers | $0 | |
TradeStation | $35 |
Safety
- Majority of clients belong to a top-tier financial authority
- Listed on stock exchange
- Financial information is publicly available
Deposit and withdrawal
- Free withdrawal
- No deposit fee
- Instant deposit and withdrawal
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Good search function
- Price alerts
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Good search function