Is CITIC Securities free?

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Is CITIC Securities free as of September 2024?

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CITIC Securities

4.5/5

Minimum deposit

Stock fee

Low

Inactivity fee

Account opening

1 day

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Overview of CITIC Securities fees and charges

It's safe to say that CITIC Securities's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.

Here's a high-level overview of CITIC Securities's fees

CITIC Securities Fees snapshot
Assets	Fee level	Fee terms
US stock fee	-	Not available
EURUSD fee	-	FX not available
US mutual fund fees	-	0.03% of trade value, but a minimum of CNY 5
Inactivity fee	Low	No inactivity fee

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CITIC Securities fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.

A commission is either fixed or based on the traded volume.
A spread is the difference between the buy price and the sell price.
A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.

Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

We compare CITIC Securities fees with its closest competitors, Interactive Brokers and TradeStation.

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CITIC Securities trading fees

CITIC Securities's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).

Let's break down trading fees according to the different asset classes available at CITIC Securities.

Trading fees

CITIC Securities's trading fees are low.

Stock fees and ETF fees

CITIC Securities has low stock trading fees.

Stock fees of a $2,000 trade
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
US stock Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	$1.0 Fixed pricing: $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan.	$5.0 $5 per trade for non-US clients. For US clients, commission-free up to the first 10,000 shares per trade.
UK stock fee Estimated commission of a $2,000 trade, assuming a $50 stock price	- Not available	$3.8 Fixed £3 for trade value less than £6,000, 0.05% of trade value for more than £6,000	- Not available
German stock Estimated commission of a $2,000 trade	- Not available	$3.2 Fixed €3 for trade value less than €6,000, 0.05% of trade value for more than €6,000	- Not available

Data updated on September 23, 2024

Fund fees

CITIC Securities fund fees are .

Fees of a $2,000 fund purchase
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
Mutual fund Estimated commission of a $2,000 US domiciled fund trade	- 0.03% of trade value, but a minimum of CNY 5	$15.0 $14.95 per transaction or 3% of trade value, whichever is lower. There are also more than 18,000 funds with no transaction fee	$15.0 $14.95 per transaction
EU mutual fund Subscription fee of a $2,000 face value European stock fund	-	$4.4 0.1% of trade value with €4 min and €29 max	- Not available

Data updated on September 23, 2024

Bond fees

CITIC Securities has bond fees.

Fees of a $10,000 bond trade
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
US Treasury bond Estimated commission of a $10,000 US treasury bond trade	- Not available	$5.0 For the first $1,000,000 face value: 0.002% of trade value with $5 min.	$20.0 $14.95 + $5 per bond
EU/UK government bond Estimated commission of a $10k EU or UK government bond trade	- Not available	$10.0 Below €50,000 face value: 0.1% of trade value with €2 min	- Not available

Data updated on September 23, 2024

Options fees

CITIC Securities's options fees are .

Options fees for 10 contracts
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
US stock options Estimated commission for opening 10 contracts	- Not available	$6.5 Less than 10,000 contracts per month and for a 10 contract trade: $0.65 per contract with a $1 minimum fee	$11.0 For US clients, $0.6 contract per contract, for non-US clients $5 flat fee plus $0.6 per contract
US stock index options Estimated commission for 10 contracts	- Not available	$6.5 Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min	$11.0 For US clients, $0.6 contract per contract, for non-US clients $5 flat fee plus $0.6 per contract
UK stock index options Estimated commission for 10 contracts	- Not available	$21.3 £1.7 per contract with £1.7 min	- Not available
German stock index options Estimated commission for 10 contracts	- Not available	$18.4 €1.7 per contract with €1.7 min	- Not available

Data updated on September 23, 2024

Futures fees

CITIC Securities's futures fees are .

Stock index futures fees for 10 contracts
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
US micro e-mini stock index futures Estimated commission for 10 contracts	- Not available	$2.5 $0.25 per contract	$5.0 $1.5 per contract for standard products, $0.5 per contract for micro products
UK stock index futures Estimated commission for 10 contracts	- Not available	$21.3 £1.7 per contract with £1.7 min	- Not available
German e-mini stock index futures Estimated commission for 10 contracts	- Not available	$8.6 €0.80 per contract with €0.80 min	- Not available

Data updated on September 23, 2024

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CITIC Securities non-trading fees

When it comes to non-trading fees, CITIC Securities is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at CITIC Securities that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how CITIC Securities stacks up in terms of non-trading fees
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 One free per month, after that $10	$0 $0 for ACH withdrawals and $25 for US wire withdrawals
Deposit fee	$0 No deposit fees	$0 Free deposit	$0 Free deposit
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	No No inactivity fee	Yes $10/month – waived if 10 or more trades placed in prior 90 days OR $5000 avg end of month balance
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee

Data updated on September 23, 2024

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CITIC Securities

4.5/5

Minimum deposit

Stock fee

Low

Inactivity fee

Account opening

1 day

Visit CITIC Securities

CITIC Securities deposit fee

Usually, brokers don't charge anything for deposits, and CITIC Securities is no different.

CITIC Securities deposit methods
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	Yes	No IBKR debit cards are available for US customers	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Deposit fee	$0 No deposit fees	$0 Free deposit	$0 Free deposit

Data updated on September 23, 2024

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CITIC Securities withdrawal fee

CITIC Securities generally doesn't charge a withdrawal fee.

CITIC Securities withdrawal fees and options compared
	CITIC Securities CITIC Securities	Interactive Brokers Interactive Brokers	TradeStation TradeStation
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	Yes	No IBKR debit cards are available for US customers	No
Electronic wallets Electronic wallets are available for deposit	No	No	No
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 One free per month, after that $10	$0 $0 for ACH withdrawals and $25 for US wire withdrawals

Data updated on September 23, 2024

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CITIC Securities inactivity fee

CITIC Securities does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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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.