What are the transaction fees and commissions of general securities companies?
Different business departments have different commission ratios, and very few business departments charge 1-5 yuan commission (communication) fee for each transaction.
generally, the transaction commission is .1%-.3% of the transaction amount (there are few online transactions, and the business department has high transactions, so you can bargain. Generally, online transactions are .18%, telephone commissions are .25%, and self-service commissions are .3%. ), the minimum commission for each transaction is 5 yuan, the stamp duty is .1% of the transaction amount (funds and warrants are tax-free), and the transfer fee for every thousand shares in Shanghai is 1 yuan (funds and warrants are exempt from transfer fees), and less than a thousand shares are counted as thousands shares.
Because the minimum commission is 5 yuan, it is more economical to have a commission ratio of 5÷ or about (1666-5) yuan per transaction.
If there is no commission fee per transaction and the minimum commission and transfer fees are not considered, the commission is calculated at .3% and the stamp duty is .1%. After buying the stock, it will increase by more than .81% to sell it, and you can make a profit.
trading commission, the term of securities trading, with the continuous warming of the securities market, the number of individual investors participating in securities trading is increasing. Many new investors do not know much about the legal system, charging standards and how to reduce the commission cost of securities trading, which leads to the damage of their rights and interests and legal disputes. Recently, the China Securities Lawyer Network founded by the author has received several legal consultations about the contradiction between investors and securities companies due to the charging standards of securities trading commissions.
before p>1975, the fixed commission system was basically adopted in securities market transactions in all countries of the world. However, on May 1, 1975, the United States Congress passed the Securities Amendment Act, and took the lead in abolishing the fixed commission system and implementing the commission negotiation system in securities trading worldwide, making the liberalization of securities trading commission the basic development direction of the global securities trading market, although the degree of liberalization is different.
according to statistics, most of the 27 major stock exchanges in the world adopt the system of free consultation for commission collection. Most of them are completely free to negotiate (such as new york Stock Exchange, NASDAQ, Tokyo Stock Exchange, London Stock Exchange, Osaka Stock Exchange, Paris Stock Exchange, Toronto Stock Exchange, Italian Stock Exchange, Amsterdam Stock Exchange, Swiss Stock Exchange, Montreal Stock Exchange, Madrid Stock Exchange, Bilbao Stock Exchange, Singapore Stock Exchange, etc.). A few stock exchanges set the lowest rate, the highest rate or negotiate the price within a certain range (such as Stockholm Stock Exchange, Jakarta Stock Exchange, Australian Stock Exchange, New Zealand Stock Exchange, Mumbai Stock Exchange, Taiwan Stock Exchange and Thailand Stock Exchange).
commission is one of the main costs of securities trading. The reduction of securities trading costs will obviously help to improve investors' investment confidence, improve the operation efficiency of the capital market, improve the efficiency of asset allocation, create the prosperity of the securities market and improve the comprehensive competitiveness of a country's securities market. Therefore, in order to reduce the transaction cost of securities and promote the development and prosperity of the securities market, the commission system has undergone great changes around the world.
On May 1, 1975, the United States took the lead in canceling the fixed commission system of securities trading and implementing the commission negotiation system.
since p>1984, Australia has implemented a floating commission system, and securities companies can decide their own commission rates (with a minimum commission);
In p>1985, France also implemented a commission negotiation system for large-value transactions. On July 1, 1989, the fixed commission was abolished and the commission rate was decided by member companies through consultation with customers.
On October 27th, 1986, Britain carried out an unprecedented major change in the securities industry (BIGBANG), abolishing the fixed commission system, so that customers and securities brokers can decide on what criteria to charge or not to charge commissions according to their own actual situation, market supply and demand, trading quota, etc.
in October p>1999, Japan liberalized its commission;
In October p>2, Thailand liberalized its commission;
On July 1st, 2, Taiwan Stock Exchange cancelled the progressive commission system according to the transaction amount, and implemented the free negotiation system based on the highest commission.
In p>2, the board of directors of the Hong Kong Stock Exchange passed "the minimum commission system for securities and futures trading will be officially abolished from April 1, 22, and the commission negotiation system will be introduced". At the same time, it announced that the stamp duty on stock trading will be reduced to enhance the competitiveness of the Hong Kong Stock Exchange in the international securities market.