Overview of CITIC Securities fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
Now, let's dive into the details and see what commissions, spreads, and financing rates CITIC Securities charges.
CITIC Securities commission and other trading fees
The bad news is that CITIC Securities has high trading fees in general. If you're looking for a discount broker, feel free to check out the best discount brokers. We ranked CITIC Securities fee levels as low, average or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether CITIC Securities commissions, spreads, and financing rates for each asset class are low/average/high.
Stock and ETF
|
High | Low | Low |
---|---|---|---|
Forex
|
- | Average | - |
Fund
|
Low | Average | Average |
Bond
|
- | Low | Average |
Options
|
- | Low | Average |
Futures
|
High | Low | Low |
Now let's go over the trading fees for each asset class one by one.
CITIC Securities stock and ETF commissions, spreads
CITIC Securities stock and ETF commissions are high. CITIC Securities stock and ETF commissions are charged as per the table below.
US stock
|
0.2% per transaction (minimum USD 20) |
---|---|
UK stock fee
|
0.2% per transaction, min. GBP 15 / EUR 15 |
German stock
|
0.2% per transaction, min. EUR 15 |
Indian stock
|
Not available |
You can compare CITIC Securities stock and ETF fees with the two closest competitors.
US stock
|
$20.0
|
$1.0
|
$5.0
|
---|---|---|---|
UK stock fee
|
$18.8
|
$3.8
|
-
|
German stock
|
$16.2
|
$3.2
|
-
|
Indian stock
|
-
|
$0.20
|
-
|
Stock and ETF commissions are calculated for a $2,000 trade
CITIC Securities fund commissions
CITIC Securities fund commissions are low. The table below shows how CITIC Securities fund commissions are calculated.
Mutual fund
|
3% of trade value |
---|
Check out how CITIC Securities fund fees compare with the competition.
Mutual fund
|
$0.0
|
$15.0
|
$15.0
|
---|
Fund commissions are calculated for a $2,000 trade
CITIC Securities futures commissions
You can see below how CITIC Securities futures commissions are charged. CITIC Securities futures fees are high.
US micro e-mini stock index futures
|
$20 per lot per side |
---|---|
UK stock index futures
|
Not available |
German e-mini stock index futures
|
Not available |
Compare how the futures commissions of CITIC Securities stack up against those of Interactive Brokers and TradeStation.
US micro e-mini stock index futures
|
$200.0
|
$2.5
|
$5.0
|
---|---|---|---|
UK stock index futures
|
-
|
$21.3
|
-
|
German e-mini stock index futures
|
-
|
$8.6
|
-
|
Futures commissions are calculated for 10 contracts
CITIC Securities non-trading fees
In addition to trading fees, it's important to see if CITIC Securities charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by CITIC Securities with its two closest competitors.
Deposit fee
|
$0
|
$0
|
$0
|
---|---|---|---|
Withdrawal fee
|
$0
|
$0
|
$0
|
Account fee
|
No
|
No
|
No
|
Inactivity fee
|
No
|
No
|
Yes
|
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by CITIC Securities and its closest competitors. To learn more about CITIC Securities, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.