Direct Spot Account Type

Direct Spot offers a single type of brokerage account tailored for both new and professional traders. This account supports trading in various financial instruments, including US and HK stocks, warrants, callable bull/bear contracts (CBBC), exchange-traded funds (ETFs), and iBonds. Key features of the Direct Spot brokerage account include:

• Minimum Funding: HK$10,000
• Commission Fees:
• US Stocks: Starting from US$13.80 (minimum commission)
• HK Stocks: Starting from HK$30 (minimum commission)
• Handling Fee Waiver: Available for IPO applications using cash or margin.
• Free Demo Trading Platform: Helps users familiarize themselves with the trading environment before starting live trading.

Direct Spot Broker Account Opening Process

To open a Direct Spot brokerage account, follow these steps:

• Eligibility: Minimum age requirement is 18 years.
• Account Opening Fee: HK$0.
• Payment Methods: Various methods are accepted, including e-banking, phone banking, ATM, bank counter service, cheque, cash deposit machine, chats, TT, and bill payment (note: bill payment service is not applicable for day trade margin accounts).
• Document Requirements:
• Proof of identity
• Proof of address (within the last 3 months)
• Application Process:
• Online application is available with no minimum fee required.
• Complete the required forms and submit the necessary documents.
• Customer Support: 24-hour customer service is available for assistance during the application process.

For more information, visit MoneySmart.