WikiFX

Sagot

As a trader focused on cost structures, I always pay attention to the full fee picture when considering a broker like CMS. When it comes to trading indices such as the US100 with CMS, my experience is that transparency and predictability of charges are crucial. CMS is an established Hong Kong firm regulated for futures and securities, and its main index products include Hong Kong-focused instruments, but their documentation also references access to overseas indices and futures. In practice, when trading indices through CMS, the primary trading costs include a brokerage commission—listed as 0.25% per trade with a HK$100 minimum for securities. Since index futures fall under their futures trading rather than straightforward stock trades, you’d interact with specialized platforms like CQG Trader or SPTraderPro. While specific per-contract fees for US indices aren’t published in the same detail as for stocks or options, their stock options commission serves as a guideline—HK$40 per contract or a HK$100 minimum per order. Additionally, there are mandatory transaction levies and fees, such as 0.0027% for the transaction levy and 0.00565% as a transaction fee. Stamp duties typically apply to equities but not derivatives. For international indices like the US100, exchange or third-party clearing costs can be present. It’s also prudent to be aware of any annual custodial fee if holding related products (0.04%), though this affects bonds, not indices directly. The key takeaway is that with CMS, all these charges apply in layers, and without specific US100 futures rates explicitly listed, I always confirm the final, all-inclusive cost with customer service before entering a trade. This conservative, step-by-step approach helps me protect my capital by preventing any surprises due to hidden charges or minimum fees, especially in a market with reported concerns on withdrawals and account freezes from some users. For me, unless fee clarity is absolute and withdrawal processes are robust, I exercise extra caution before trading instruments like the US100 on CMS.