KGI - Futures and Options - Commission, Charges & Margin Table

Electronic trading system, provides HK Futures, Index Options & Global Futures trading service.

Online trading system, provides HK Stocks, US Stocks, Taiwan Stocks, China B-shares & Mutual Fund trading service. Trading Demo

Mobile trading system, provides
HK Stock trading service.

Trading Demo Software Download

Electronic trading system, provides HK Stock Option trading service.

Trading Demo Software Download

Electronic trading system, provides HK Stock trading service and streaming quotes.

Trading Demo Software Download

Mobile application of two-factor authentication for login and generate offline password.

2FA Demo Software Download

Products & Contract Specifications
HK Futures & Options
Global Futures & Options
Hong Kong Stock Options

Commission, Charges & Margin Table
HK Futures & Options
Global Futures & Options
Hong Kong Stock Options

Market Data Services

Trading Notes
HK Futures & Options
Global Futures & Options
Hong Kong Stock Options

Trading Calendar
Hong Kong Futures & Options
Hong Kong Stock Options

Trading Demo
eFO SP
SO Online
KGI HK SP Mobile

Software Download
eFO SP / SO Online
KGI HK SP Mobile

Product	Commission (per contract per side basis)*	Exchange Fees and Levies (per contract per side basis)	Margin Table

Hang Seng Index Futures	Day trade¹: HKD60 Overnight trade: HKD100 Contract Expired Auto-settle: HKD100	Exchange Fee: HKD10 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 111,387.00 Maintenance Margin (per lot):HKD 89,110.00 Spread Margin (per spread): HKD 25,669.00
Mini-HSI Futures	Day trade: HKD30 Overnight trade: HKD50 Contract Expired Auto-settle: HKD50	Exchange Fee: HKD3.50 SFC Levy: HKD0.10	Initial Margin (per lot):HKD 22,277.00 Maintenance Margin (per lot):HKD 17,821.00 Spread Margin (per spread): HKD 5,134.00
H-shares Index Futures	Day trade¹: HKD60 Overnight trade: HKD100 Contract Expired Auto-settle: HKD100	Exchange Fee: HKD3.5 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 43,690.00 Maintenance Margin (per lot):HKD 34,951.00 Spread Margin (per spread): HKD 17,091.00
Mini H-shares Index Futures	Day trade: HKD30 Overnight trade: HKD50 Contract Expired Auto-settle: HKD50	Exchange Fee: HKD2 SFC Levy: HKD0.10	Initial Margin (per lot):HKD 8,738.00 Maintenance Margin (per lot):HKD 6,990.00 Spread Margin (per spread): HKD 3,418.00
HSI Dividend Futures	Day trade: HKD30 Overnight trade: HKD50 Contract Expired Auto-settle: HKD50	Exchange Fee: HKD3 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 5,359.00 Maintenance Margin (per lot):HKD 4,288.00 Spread Margin (per spread): HKD 6,437.00
HSCEI Dividend Futures	Day trade: HKD30 Overnight trade: HKD50 Contract Expired Auto-settle: HKD50	Exchange Fee: HKD1.50 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 2,221.00 Maintenance Margin (per lot):HKD 1,776.00 Spread Margin (per spread): HKD 2,673.00
CES 120 Index Futures	Day trade: HKD30 Overnight trade: HKD50 Contract Expired Auto-settle: HKD50	Exchange Fee: HKD10 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 23,554.00 Maintenance Margin (per lot):HKD 18,843.00 Spread Margin (per spread): HKD 7,076.00
HS Mainland Oil & Gas Index Futures	Day trade: HKD60 Overnight trade: HKD100 Contract Expired Auto-settle: HKD100	Exchange Fee: HKD2 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 5,519.00 Maintenance Margin (per lot):HKD 4,416.00 Spread Margin (per spread): HKD 1,663.00
HS Mainland Banks Index Futures	Day trade: HKD60 Overnight trade: HKD100 Contract Expired Auto-settle: HKD100	Exchange Fee: HKD2 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 9,895.00 Maintenance Margin (per lot):HKD 7,916.00 Spread Margin (per spread): HKD 2,979.00
HS Mainland Properties Index Futures	Day trade: HKD60 Overnight trade: HKD100 Contract Expired Auto-settle: HKD100	Exchange Fee: HKD2 SFC Levy: HKD0.54	Initial Margin (per lot):HKD 29,326.00 Maintenance Margin (per lot):HKD 23,460.00 Spread Margin (per spread): HKD 8,805.00
Iron Ore Futures - Monthly Contract	Day trade: USD 15 per contract Overnight trade: USD 25 per contract Contract Expired Auto-settle: USD 25 per contract	Exchange Fee: USD 1.00 SFC Levy: USD 0.07	Initial Margin (per lot):USD 1,139.00 Maintenance Margin (per lot):USD 911.00 Spread Margin (per spread): USD 411.00
Iron Ore Futures - Quarterly Contract	Day trade: USD 15 per contact Overnight trade: USD 25 per contract Contract Expired Auto-settle: USD 25 per contract	Exchange Fee: USD 1.00 SFC Levy: USD 0.07	Initial Margin (per lot):USD 763.00 Maintenance Margin (per lot):USD 611.00 Spread Margin (per spread): USD 390.00
USD Gold Futures	Day trade: USD 15 per contact Overnight trade: USD 25 per contract Contract Expired Auto-settle: USD 25 per contract	Exchange Fee: USD 1.00 SFC Levy: USD 0.07	Initial Margin (per lot):USD 2,354.00 Maintenance Margin (per lot):USD 1,883.00 Spread Margin (per spread): USD 448.00
Hang Seng Index Options / Weekly Hang Seng Index Options	1% premium (min. HKD50, max. HKD100) Contract Expired Auto-settle: 1% premium (min. HKD50, max. HKD100)	Exchange Fee: HKD10 SFC Levy: HKD0.54	Initial Margin (per lot): Calculate by the SPAN method Maintenance Margin (per lot): Calculate by the SPAN method Spread Margin (per spread): N/A Please see HKEx Margin Table for reference**
Mini Hang Seng Index Options	1% premium (min. HKD10, max. HKD25) per contract, min. HKD50 per trade Per contract Expired Auto-settle: 1% premium (min. HKD10, max. HKD25), min. HKD50 per trade	Exchange Fee: HKD2 SFC Levy: HKD0.10	Initial Margin (per lot): Calculate by the SPAN method Maintenance Margin (per lot): Calculate by the SPAN method Spread Margin (per spread): N/A Please see HKEx Margin Table for reference**
H-shares Index Options / Weekly H-shares Index Options	1% premium (min. HKD50, max. HKD100) Contract Expired Auto-settle: 1% premium (min. HKD50, max. HKD100)	Exchange Fee: HKD3.5 SFC Levy: HKD0.54	Initial Margin (per lot): Calculate by the SPAN method Maintenance Margin (per lot): Calculate by the SPAN method Spread Margin (per spread): N/A Please see HKEx Margin Table for reference**
Mini H-shares Index Options	1% premium (min. HKD10, max. HKD25) per contract, min. HKD50 per trade Per contract Expired Auto-settle: 1% premium (min. HKD10, max. HKD25), min. HKD50 per trade	Exchange Fee: HKD1 SFC Levy: HKD0.54	Initial Margin (per lot): Calculate by the SPAN method Maintenance Margin (per lot): Calculate by the SPAN method Spread Margin (per spread): N/A Please see HKEx Margin Table for reference**
HK Stock Options	1% premium (min. HKD 10, max. HKD50)	Tier 1 Stock Options: HKD3 Tier 2 Stock Options: HKD1 Tier 3 Stock Options: HKD0.50	Please see HKEx Margin Table for reference**

Last Updated on Feb 19, 2020
*Note:

A day trade is establishment and closure of a futures or options position within the same statement date (T session of current day and T+1 session of previous day).
The above commission is available for KGI Access Clients only. The commission for KGI Preferred Clients is negotiable.
Commission and charges may vary depending on promotion(s) being offered when the Trading Account is open, and are subject to changes without prior notice.
The margin requirements are set according to each client's individual circumstances.
For Hong Kong Futures and Index Options Contracts, Full Initial & Maintenance Margin Rate will be applied to each spread position which comprises a contract in Spot Month on the Last Trading Day.
If there are any discrepancies between the above Margin Table and the Exchange Margin Table, the Exchange Margin Table shall prevail.

**HKEx Margin Table:
http://www.hkex.com.hk

Futures: Services Clearing Listed Derivatives Risk Management Margin Margin Tables HKCC Margin Levels for Futures Contracts - Current

Index Options: Services Clearing Listed Derivatives Risk Management Margin Margin Tables HKCC Client Margin Estimate Reference Table (HKCC) - Current

Stock Options: Services Clearing Listed Derivatives Risk Management Margin Margin Tables SEOCH Client Margin Estimate Reference Table (SEOCH) - Current