Is CITIC Securities free?
CITIC Securities fees
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
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | - | Not available |
| US mutual fund fees | Low | 0.03% of trade value, but a minimum of CNY 5 |
| Inactivity fee | Low | No inactivity fee |
CITIC Securities fees
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.
CITIC Securities fees
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.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| US stock | - | $1.0 | $0.0 |
| UK stock | - | $3.7 | - |
| German stock | - | $3.2 | - |
Fund fees
CITIC Securities fund fees are low.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| Mutual fund | $0.7 | $15.0 | $15.0 |
| EU mutual fund | - | $4.4 | - |
Bond fees
CITIC Securities has bond fees.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| US Treasury bond | - | $5.0 | $20.0 |
| EU government bond | - | $10.0 | - |
Options fees
CITIC Securities's options fees are .
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| US stock options | - | $6.5 | $0.0 |
| US stock index options | - | $6.5 | $6.0 |
| UK stock index options | - | $21.1 | - |
| German stock index options | - | $18.2 | - |
Futures fees
CITIC Securities's futures fees are .
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| US micro e-mini stock index futures | - | $2.5 | $15.0 |
| UK stock index futures | - | $21.1 | - |
| German e-mini stock index futures | - | $8.6 | - |
CITIC Securities fees
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.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | Yes |
| Account fee | No | No | No |
CITIC Securities fees
CITIC Securities deposit fee
Usually, brokers don't charge anything for deposits, and CITIC Securities is no different.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
CITIC Securities fees
CITIC Securities withdrawal fee
CITIC Securities generally doesn't charge a withdrawal fee.
| CITIC Securities | Interactive Brokers | TradeStation | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
CITIC Securities fees
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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