Fees for the Robo-Advisory Service start to incur on 09/08/2024. Items and rates shall be reviewed and updated from time to time.
ETF portfolio orders refer to one or more orders that trade ETF.
The fees below only apply to ETF portfolio orders under the Robo-advisory Service. All amounts are in US dollars.
|
Fee Type |
Fee Rate |
Charged By |
|
Commission |
$0.0049/share, no minimum charge per order |
Futu Securities |
|
Platform Fee |
$0.005/share, no minimum charge per order |
|
|
Settlement Fee |
$0.003/share |
US settlement agencies, etc. |
|
SEC Fee (sells only) |
0.0000278 * transaction amount, min $0.01/order |
SEC |
|
Trading Activity Fee (sells only) |
$0.000166/share, min $0.01/order, max $8.30/order |
FINRA |
|
Other service charges for US stock trading |
See here. |
|
Notes:
ETFs under Robo-advisory Service does not support algo and manual orders, and you cannot transfer the ETF portfolio out of your Account.
Robo-Advisor ETF Portfolio orders cannot be split. Portfolio orders cannot be traded separately.
An advisory fee is incurred on daily basis (assuming a 365-day year) when an ETF portfolio is held and is auto-debited from your universal account holding the portfolio every calendar month regardless of whether you have followed the rebalancing orders, switched on auto-rebalancing function or received related services under the robo-advisory service. The advisory fee shall incur until and unless the entire ETF portfolio position in the Account is closed and settled. In other words, the advisory fee shall incur as long as you hold an ETF portfolio. Please refer to "2.1 Fee rates" for details. The advisory fee shall incur as long as you hold an ETF portfolio on a daily basis and is auto-debited from your universal account every calendar month.
| Portfolio Name | Annualized Fee Rate |
| Global Multi-asset ETF Quant Strategy - Conservative | 0.3% p.a. |
| Global Multi-asset ETF Quant Strategy - Stable | 0.4% p.a. |
| Global Multi-asset ETF Quant Strategy - Balance | 0.4% p.a. |
| Global Multi-asset ETF Quant Strategy - Active | 0.5% p.a. |
| Global Multi-asset ETF Quant Strategy - Aggresive | 0.5% p.a. |
| Global ETF Allocation Strategy - Conservative | 0.3% p.a. |
| Global ETF Allocation Strategy - Stable | 0.4% p.a. |
| Global ETF Allocation Strategy - Balance | 0.4% p.a. |
| Global ETF Allocation Strategy - Active | 0.5% p.a. |
| Global ETF Allocation Strategy - Aggresive | 0.5% p.a. |
Calculation method: The advisory fee for each Robo-Advisor ETF Portfolio held is calculated by multiplying the latest fee rate applicable by the portfolio's end-of-day market value (natural day).
Fee accrual: The advisory fee is incurred on a daily basis (assuming a 365-day year) during the time a Robo-Advisor ETF Portfolio is held. When you close all positions in the portfolio and the closed position is settled, the advisory fee will stop incurring.
Billing cycle: The advisory fee is charged automatically every month on a portfolio basis. Advisory fee incurred but unpaid for portfolios currently held or sold will be accumulated and charged automatically on the next billing date.
Paying account: The advisory fee will be debited from your universal account holding the portfolio(s).
The advisory fee mentioned above may change over time, and prior notifications will be sent as soon as reasonably practicable.
All fees paid are not refundable.
Definitions
Market value: The number of settled ETF portfolio units times the closing price during the regular trading hours (RTH) of US stock market, excluding cash dividends and any other cash generated by previous or current positions in the portfolios. Please note that due to reasons such as dividend distribution, the RTH official close price may be adjusted and updated after that trading day. For non-trading days (including Sats and Suns), the market value of the lastpreceding trading day will be used. The end-of-day ETF portfolio market value used to calculate advisory fees will NOT take such subsequent adjustments into account after the advisory fees have incurred for that day.
End-of-day market value: The number of ETF portfolio units times the official RTH closing price. Here, "end-of-day" refers to the end of RTH on each calendar day where the US stock market opens. For example, for US stocks, the normal RTH ends at around 16:30 EST.
Robo-Advisor ETF Portfolio(s) held: The ETF portfolio(s) that have been settled by the cut-off time specified in each market.