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From my experience as a trader who prioritizes transparency and regulatory oversight, understanding a broker’s fee structure is critical for long-term trading success. At CMB, which is licensed under Hong Kong’s Securities and Futures Commission (SFC), the principal trading costs center on commissions, especially since CMB does not offer forex or CFD trading but instead focuses on stocks, options, and futures. For stocks, I found that CMB charges a straightforward commission: 0.20% of the transaction amount for online trades, with a minimum of HK$80, and 0.25% (minimum HK$100) for telephone orders. The commission structure is transparent and competitive by Hong Kong standards. However, this does not include other mandatory market fees such as stamp duty (0.10%), the Hong Kong Exchange trading fee (0.00565%), the trading levy (0.0027%), the FRC transaction levy (0.00015%), and a CCASS settlement fee (0.002%), all calculated as a percentage of the transaction and subject to minimums. From what I’ve seen, CMB does not engage in spread-based pricing as is common with forex brokers; pricing is determined by the underlying market. As such, there isn’t any broker-imposed spread cost added beyond the market’s bid-ask spread. While the commission model is clear, it’s still essential—based on reported user experiences involving fund withdrawals—to thoroughly verify operational reliability before committing significant capital. As always, I approach any new broker with caution, particularly when it comes to withdrawal procedures and transparency around all potential charges.