Rules of paper trading - Paper Trading

1. Is the paper trading system free to use?

Yes, the paper trading system is free to use. The transaction fee deduction of the paper trading system does not involve real expenditures. The use of the system is free, so please be assured.

2. Trading time

1) Paper trading only supports intraday trading, and does not support pre- and after-hours trading;

2) HK market trading hours: 9:30~12:00, 13:00~16:00;

3) US market trading hours: 9:30~16:00 (eastern time zone);

4) China A-shares market trading hours: 9:30~11:30, 13:00~15:00;

3. Settlement of paper trading

1) HK market: T+0, stocks bought on the same day can be sold on the same day;

2) US market: T+0, stocks bought on the same day can be sold on the same day;

3) China A-shares market: T+1, stocks bought on the same day can be sold on the next day;

4. Categories supported by paper trading

4.1 Stocks

1) HK market: trading varieties are limited to the Underlying stocks, Warrants, CBBCs and other products listed on HK Stock Exchange;

2) US market: trading variety is limited to Underlying stocks listed on U.S. exchanges;

3) China A-shares market: trading variety is limited to Underlying stocks listed on the Shenzhen Stock Exchange and Shanghai Stock Exchange;

4.2 Options

1) HK market: trading variety is limited to stock options listed on the HK Stock Exchange;

2) US market: trading variety is limited to stock options listed on U.S. exchanges;

5. Order type of paper trading

1) The paper trading system only supports limit orders;

2) Short selling is not supported for stocks, and short selling is supported for options;

6. How is the transaction fee calculated for the paper transaction?

6.1 HK Market

6.1.1 Stocks

1) Commission: transaction amount * 0.03%, minimum 3 HKD;

2) Fixed Platform Fee: 15 HKD/order;

3) Trading Tariff: 0.5 HKD/order;

4) Settlement Fee: transaction amount * 0.002%, minimum 2 HKD and maximum 100 HKD;

5) Stamp Duty: transaction amount * 0.1%, minimum 1 HKD;

6) Trading Fee: transaction amount * 0.005%, minimum 0.01 HKD;

7) Transaction levy: transaction amount * 0.0027%, minimum 0.01 HKD;

6.1.2 Options

1) Commission: 0.2% of transaction amount charged, minimum 3 HKD per order;

2) Platform fee: 15 HKD per order.;

6.2 US Market

6.2.1 Stocks

1) Commission: 0.0049 USD/share, minimum 0.99 USD/order;

2) Fixed Platform Fee: 0.005 USD/share, minimum 1 USD/order;

3) Clearing Fee: transaction shares * 0.003 USD;

4) SEC Fee: transaction amount * 0.0000221 USD, minimum 0.01 USD/order;

5) Trading Activity Fee: transaction amount * 0.000119 USD, minimum 0.01 USD and maximum 5.95 USD;

6.2.2 Options

1) Commission: 0.65 USD per contract, minimum of 1.99 USD per order;

2) Platform fee: 0.3 USD per order;

6.3 China A-shares Market

1) Commission: transaction amount * 0.03%, minimum 3 CNY/order;

2) Platform Fee: 15 CNY/order;

3) Handling Fee: transaction amount * 0.00487%, minimum 0.01 CNY/order;

4) Securities Management Fee: transaction amount * 0.002%, minimum 0.01 CHY/order;

5) Transfer Fee (CSDC): transaction amount * 0.002%, minimum 0.01 CNY/order;

6) Transfer fee (HKSCC): transaction amount * 0.002%, minimum 0.01 CNY/order;

7) Stamp Duty: transaction amount(sold)* 0.1%;

8) Portfolio Fee: number of shares held * 0.008%/365;