Purchase according to the principle of unknown price and collect according to the stock. Different securities companies have different commissions and can only buy in the capital account of the securities account.

There is no subscription fee and redemption fee for ETF floor trading, and the transaction fee is charged according to the trading commission of the securities company, and no stamp duty is charged. Investment fund: the transaction fee shall not be higher than 2.5% of the transaction amount.

The total cost of OTC trading is about 2%. ETF subscription and redemption fees are only charged when you make subscription or redemption (over-the-counter market transactions, such as in a bank).

If you buy and sell in the secondary market (usually a securities company), you only charge the same handling fee as the stock, and you are also exempt from stamp duty.

Extended data:

Tax characteristics of ETF fund transactions;

Transactional open index funds are essentially index funds, but different from traditional index funds, transactional open index funds can be listed on exchanges, allowing investors to buy and sell a fund representing the "underlying index" like buying and selling stocks.

Transactional open-end index fund is a special open-end fund, which not only absorbs the advantages that closed-end funds can trade in real time on the same day, but also allows investors to buy and sell closed-end funds or stocks.

Buying and selling trading open-end index fund shares in the secondary market; It also has the advantage that open-end funds can purchase and redeem freely. Investors can buy or redeem the shares of transactional open-end index funds from fund management companies just like buying and selling open-end funds.

The subscription and redemption of transactional open-end index funds must exchange a basket of stocks (or a small amount of cash) for fund shares or a basket of stocks (or a small amount of cash) for fund shares.

Due to the existence of this special physical purchase and redemption mechanism, investors can carry out arbitrage trading when there is a difference between the transaction price in the secondary market of transactional open index funds and the net value of fund shares.

Baidu Encyclopedia-Trading Open Index Fund