HSBC Broker fee, etc

[helloworld232]

my friend have been buying/selling stocks via HSBC online quite often. Maybe 40-50 transactions per year. now we are trying to calculate exactly how much broker fee, stamp fee he have charged with for last year. But it seems this is impossible to track as the way HSBC charges us is very confusing, sometime the purchase fees are shown in his statement and sometime not.on top of that , there no way to track down the brokage fee , stamp fee unless you look at all the "mails" for all your transacation, and even you manage to add them all up, you still need to do alot of calculation with your statements as it doesn't seperate the fees from your total of purchase/selling. So enought complaining, Is there any better way to track down all these fees ?

we also tried asking HSBC, to no surprises... they can't help.

[malarky]

HSBC saying they can't help is total crap! They should be able to tell you exactly what the fee structure is without question. You were likely talking to some level-low grunt who doesn't know their head from their ass.

You can refer to the terms and conditions of the account opening documents supplied to you when the account was open or HSBC's website.

Typically, the fees are:

1. Broker's commission - which varies from broker to broker (HSBC is 25bps via internet);
2. Stamp duty - HK$1 per HK$1,000 transaction amount or the part thereof (rounded up to the nearest dollar);
3. Transaction levy - 0.004% of transaction amount;
4. HKEx trading fee (by Stock Exchange of HK Ltd.) - 0.005% of transaction amount;

Based on these standard charges you should be able to calculate independently what the charges should be for each trade. Hope this helps.

[arashikage]

In addition to that, I think there is another $25 stock storage fees per 6 months.

[Crocodile]

The costs can be found here:
Stocks - In Detail - HSBC in Hong Kong

An easy way is to find a transaction and look at your bank statement to see how much has come out. You know how much you pay for things (you receive an email in your HSBC email box also) and see what they deduct from your account.

In round numbers though, it is 0.26% plus the deposit transaction charge (a different line on your statement).

[pico]

if you trade bull and bear warrants, there is no stamp duty.