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CAITONG Securities
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	N/A
Trading Fees	A-Shares: Up to 0.3% of the transaction amount, min. 5 RMBB-Shares: Up to 0.3% of the transaction amount, min. 1 USDSecurities Investment Funds: Up to 0.3% of the transaction amount, min. 5 RMBBonds: Up to 0.3% of the transaction amount, min. 1 RMB
Account Related Fees	Credit securities account opening fee:Individual: 40 yuanInstitution: 400 yuan
Interests on Uninvested Cash	N/A
Margin Interest Rates	8.35% financing rate, 10.35% securities lending rate
Mutual Funds Offered	Yes
App/Platform	Caitong Securities Mobile App, Caitong Yuexiang APP
Promotion	N/A

CAITONG Securities Information

　　CAITONG Securities offers a wide range of tradable securities including A-shares, B-shares, bonds, mutual funds, and options. They operate from China, and are regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance and security. The firm provides various services such as mobile trading platforms and multiple customer support channels. Their fee structure typically includes stock trading commissions not exceeding 3‰ (0.3%) of the transaction amount with a starting fee of 5 yuan, though fees are higher compared to some competitors.

Pros and Cons

　　CAITONG Securities offers a robust array of tradable securities, including A-shares, B-shares, bonds, mutual funds, and options. Their mobile trading platforms enhance accessibility for investors to manage their portfolios conveniently. Regulated by the China Securities Regulatory Commission (CSRC), CAITONG Securities ensures compliance and security, reassuring investors about regulatory adherence. Multiple customer support options further enhance accessibility for clients needing assistance.

　　On the downside, CAITONG Securities' trading fees are relatively higher compared to competitors. For instance, stock trading commissions are typically not more than 3‰ (0.3%) of the transaction amount, with a starting fee of 5 yuan. This fee structure is less competitive for traders executing frequent transactions. Another area for improvement is the availability of research reports and market analysis tools, which are perceived to be less extensive compared to some other brokerage firms.

Is CAITONG Securities Safe？

• 　　Regulations:

　　CAITONG Securities is a well-regulated entity in the financial sector, holding a securities trading license issued by the China Securities Regulatory Commission (CSRC). The firm is officially registered with the license number 13510000, confirming its authority to operate within the securities market in China.



• 　　Funds Safety:

　　The customer's account balance in CAITONG Securities is protected by the Securities Investor Protection Corporation (SIPC) in accordance with regulations. The SIPC provides coverage up to $500,000, including a $250,000 limit for cash balances, in the event of brokerage insolvency or other specified circumstances, offering a measure of financial protection to investors.

• 　　Safety Measures:

　　CAITONG Securities employs rigorous security measures to safeguard investor accounts and data. These include encryption protocols to protect sensitive information during transmission and storage. Multi-factor authentication adds an extra layer of defense against unauthorized access. Regular security audits and updates ensure systems remain resilient against emerging threats.

What are Securities to Trade with CAITONG Securities？

　　CAITONG Securities offers a wide array of tradable securities.

　　Investors can access stocks from both domestic and international markets, including A-shares, B-shares, and stocks listed on the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs.

　　The platform supports trading in bonds, encompassing government bonds, corporate bonds, and convertible bonds, providing options for fixed-income investments. For those interested in securities investment funds, CAITONG Securities offers a range of mutual funds tailored to different risk appetites and investment objectives.

　　Additionally, investors can engage in options trading, facilitating strategies like covered calls and other derivatives trading. The platform also supports Hong Kong Stock Connect, enabling easy trading access between mainland China and Hong Kong markets. CAITONG Securities ensures transparency in securities portfolio management, offering custody services and corporate action management for investors holding Hong Kong stocks.

CAITONG Securities Fees Review

• 　　Commissions and Fees

　　A-Shares Trading Fees

　　For A-shares trading, which includes preferred shares, stocks of listed companies, and stocks of delisted sectors, the firm charges a commission of up to 0.3% of the transaction amount. This commission includes the securities transaction handling fee and the securities transaction supervision fee, with a minimum charge of 5 RMB. Additionally, transactions on the Beijing market also include a transfer fee. A unilateral stamp duty of 0.05% is applied to the transaction amount, payable only by the seller. A bilateral transfer fee of 0.001% is also levied on each transaction.

　　B-Shares Trading Fees

　　When trading B-shares, CAITONG Securities imposes a maximum commission of 0.3% on the transaction amount for the Shanghai market, starting from 1 USD, and for the Shenzhen market, from 5 HKD. This commission encompasses the securities transaction handling and supervision fees. For other B-shares, particularly those traded internationally, the fee can go up to 0.4%. Sellers must also pay a 0.05% stamp duty on the transaction amount. Settlement fees are charged bilaterally at 0.002% of the transaction amount, with a cap of 50 USD or 500 HKD per transaction.

　　Securities Investment Funds Fees

　　For securities investment funds, CAITONG Securities caps the trading commission at 0.3% of the transaction amount, starting from a minimum of 5 RMB. This fee is inclusive of the securities transaction handling fee, providing a straightforward cost structure for investors in these funds.

　　Bonds and Convertible Bonds Trading Fees

　　In bond trading, whether dealing with government bonds, corporate bonds, or convertible bonds, CAITONG Securities charges a maximum commission of 0.3% of the transaction amount, with a minimum fee of 1 RMB. This consistent rate applies to both the Shanghai and Shenzhen markets, making the cost predictable for bond investors.

　　Bond pledge repo transactions are priced based on the duration of the repo agreement. For a 1-day repo, the fee is up to 0.001% of the transaction amount. This rate scales with the duration, reaching up to 0.3% for repo agreements lasting 91 days or longer. This tiered fee structure provides flexibility and cost-efficiency for short-term and long-term bond repo transactions.

　　Options trading at CAITONG Securities involves commissions ranging from 2 to 16 RMB per contract. Initially, the company waives the commission for opening short positions. Additionally, handling fees for stock options are set at 3 RMB per contract and 1.3 RMB for ETF options, both charged in both directions. Transaction settlement fees are 0.45 RMB per contract for stock options and 0.3 RMB for ETF options, again charged bilaterally. The exercise settlement fee is 0.9 RMB per contract for stock options and 0.6 RMB for ETF options, charged only to the exerciser. For stock options, there is an exercise transfer fee of 0.05% of the stock face value, while ETF options are exempt from this charge.

　　Under the Hong Kong Stock Connect, which includes trading through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, CAITONG Securities charges a trading commission of up to 0.2% of the transaction amount. This is coupled with a stamp duty of 0.13%, applied bilaterally. Additional costs include a transaction levy of 0.0027% of the transaction amount and a transaction fee of 0.00565%. An FRC transaction levy of 0.00015% and a stock settlement fee of 0.002%, with a minimum of 2 RMB and a maximum of 100 RMB per side, are also charged.

　　Securities Portfolio Fee

　　For holding Hong Kong stocks, CAITONG Securities charges a securities portfolio fee based on the market value of the stocks. This fee is tiered: for stocks valued at up to HKD 50 billion, the annual fee rate is 0.008%; for stocks valued between HKD 50 billion and 250 billion, the rate is 0.007%; and it continues to decrease incrementally, reaching 0.003% for stocks valued over HKD 1 trillion. This decreasing rate structure makes the holding costs relatively lower as the market value of the held stocks increases.

　　When comparing CAITONG Securities' fees with popular global brokers, the trading commissions for A-shares and B-shares, capped at 0.3%-0.4%, are on the higher end. For example, platforms like Robinhood and Webull often offer lower or zero commissions for U.S. market trades. However, within the context of the Chinese market, CAITONG's rates are competitive, falling within the average range of 0.1%-0.25%. Stamp duties and other regulatory fees are aligned with industry standards in China and Hong Kong, ensuring CAITONG remains competitive in its market. Overall, CAITONG Securities' fee structure is positioned as average to slightly high compared to global brokers but competitive within the Chinese and Hong Kong markets, providing a reliable option for traders focusing on these regions.

Service Category	Expense Item	Shanghai Market	Shenzhen Market	Beijing Market & NEEQ	Other Markets
A-Shares	Trading Commissions	Up to 0.3% of the transaction amount, min. 5 RMB	Up to 0.3% of the transaction amount, min. 5 RMB	Up to 0.3% of the transaction amount	-
	Stamp Duty	0.05% of the transaction amount (seller)	0.05% of the transaction amount (seller)	0.05% of the transaction amount (seller)	-
	Transfer Fee	0.001% of the transaction amount (bilateral)	0.001% of the transaction amount (bilateral)	0.001% of the transaction amount (bilateral)	-
B-Shares	Trading Commissions	Up to 0.3% of the transaction amount, min. 1 USD	Up to 0.3% of the transaction amount, min. 5 HKD	-	Up to 0.4% of the transaction amount
	Stamp Duty	0.05% of the transaction amount (seller)	0.05% of the transaction amount (seller)	-	0.05% of the transaction amount (seller)
	Settlement Fees	0.002% of the transaction amount, max. 50 USD	0.002% of the transaction amount, max. 500 HKD	-	0.002% of the transaction amount, max. 50 USD
Securities Investment Funds	Trading Commissions	Up to 0.3% of the transaction amount, min. 5 RMB	Up to 0.3% of the transaction amount, min. 5 RMB	-	-
Bonds	Trading Commissions	Up to 0.3% of the transaction amount, min. 1 RMB	Up to 0.3% of the transaction amount, min. 1 RMB	-	-
Bond Pledge Repo	Trading Commissions	Up to 0.001%-0.3% of the transaction amount (based on duration)	Up to 0.001%-0.3% of the transaction amount (based on duration)	-	-
Options	Trading Commissions	2-16 RMB per contract	2-16 RMB per contract	-	-
	Handling Fee	3 RMB per contract (stock options)	1.3 RMB per contract (ETF options)	-	-
	Transaction Settlement Fee	0.45 RMB per contract (stock options)	0.3 RMB per contract (ETF options)	-	-
	Exercise Settlement Fee	0.9 RMB per contract (stock options)	0.6 RMB per contract (ETF options)	-	-
	Exercise Transfer Fee	0.05% of the stock face value (stock options)	None (ETF options)	-	-
Hong Kong Stock Connect	Trading Commissions	-	-	-	Up to 0.2% of the transaction amount
	Stamp Duty	-	-	-	0.13% of the transaction amount (bilateral)
	Transaction Levy	-	-	-	0.0027% of the transaction amount (bilateral)
	Transaction Fee	-	-	-	0.00565% of the transaction amount (bilateral)
	FRC Transaction Levy	-	-	-	0.00015% of the transaction amount (bilateral)
	Stock Settlement Fee	-	-	-	0.002% of the transaction amount, min. 2 RMB, max. 100 RMB
Securities Portfolio Fee	Holding Fee (HK Stocks)	-	-	-	0.008%-0.003% annually based on market value of holdings



• 　　Margin Interest Rate

　　As of June 15, 2024, CAITONG Securities applies an annual financing rate of 8.35% for margin trading. This rate pertains to borrowing funds for trading purposes. Additionally, for securities lending, where investors borrow stocks, the annual rate is 10.35%. These rates reflect the cost of leverage in trading with CAITONG Securities.



CAITONG Securities App Review

　　Caitong Securities Mobile App

　　The CAITONG Securities Mobile App offers convenient, on-the-go access to trading and portfolio management. Available for both iOS and Android, this app is regularly updated to enhance its security and stability. Key features include optimized bond trading and support for various trading activities. The app provides a user-friendly interface for monitoring market conditions and executing trades. Its particularly suitable for investors who need to stay connected to the markets from anywhere, offering a mobile solution that complements the more feature-rich desktop platforms.

　　Caitong Yuexiang APP

　　The “Caitong Yuexiang APP” is tailored specifically for institutional clients, corporate clients, and high-net-worth individuals. It acts as a one-stop financial service platform, integrating resources across CAITONG Securities' various business lines. This app provides a suite of services including research, investment banking, asset management, and special financial tools. It is designed to support clients at different stages of their financial growth, offering services like competitive equity management and in-depth industry research. This platform provides a holistic service experience, facilitating detailed investment analysis and strategic decision-making for its users. The Yuexiang app is especially valuable for clients requiring a robust, multi-faceted financial service solution.



　　Caitong Securities “Fortune Prosperity Financial Terminal”

　　The “Fortune Prosperity Financial Terminal” is a trading platform designed by CAITONG Securities for investors looking to manage their securities portfolios effectively. This platform is packed with features that serves a wide range of trading needs. Users can switch between five different themes to customize the interface to their liking. It provides real-time market data, detailed information on market trends, and AI-driven data analysis. The platform supports various trading functions, including national stock transfers, margin trading, and participation in the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. Advanced features such as lightning order execution and professional trading interfaces are tailored for high-frequency traders. The terminal also offers one-click solutions for subscribing to new stocks and bonds, making it a robust tool for active investors.



　　Caitong Securities “Cailutong (Tongdaxin)”

　　The “Cailutong (Tongdaxin)” software is another versatile online trading tool offered by CAITONG Securities. It is known for its user-friendly interface and competitive integration of market data, trading, and advisory services. This platform is suitable for investors who need access to various financial products and services. It supports delayed Hong Kong stocks, futures markets, multi-bank custody, and margin trading, among other features. The software also facilitates compliance with the latest stock transfer regulations. This platform is designed to be accessible and efficient for a broad spectrum of trading activities.

　　Caitong Securities “Separate Order Procedure for Fortune Prosperity Edition”

　　The “Separate Order Procedure for Fortune Prosperity Edition” is a streamlined version of the Fortune Prosperity terminal, focusing on straightforward and efficient order execution. It is particularly useful for users managing multiple accounts or engaging in margin trading and stock index futures. This platform also includes advanced functions like two-way entrustment and special margin trading features. Users benefit from enhanced transaction security, with login procedures now requiring both a transaction password and a verification code. This platform is ideal for investors who prioritize fast and secure order placement over a full suite of analytical tools.

Research & Education

　　CAITONG Securities provides a range of educational resources empowering investors. Their offerings include investment guides, risk warnings, interactive investor experiences, knowledge tests, stock market tools, and educational games.



Customer Service

　　CAITONG Securities provides accessible customer support to assist its clients. They are based at Caitong Shuangguan Building, No. 198 Tianmushan Road, Xihu District, Hangzhou, Zhejiang, China, with the postal code 310007. For service and complaints, you can reach their hotline at 95336, available during their business hours. Complaints can also be emailed to 95336@ctsec.com or faxed to 0571-87823566.

　　Their support team is ready to help with any inquiries or issues you may have.



Conclusion

　　In conclusion, CAITONG Securities is a regulated brokerage offering a wide array of tradable securities and investment products. With competitive trading fees and a variety of platforms including desktop and mobile options, it serves well to both individual investors and institutions seeking accessible and robust trading solutions. The firm's adherence to regulatory standards, such as being regulated by the China Securities Regulatory Commission (CSRC), provides reassurance regarding security and compliance.

　　While its offerings are suitable for a broad range of investors looking to diversify their portfolios across different asset classes, potential users should consider the platform's fee structure and specific investment needs when making decisions.

FAQs

• 　　Is it safe to trade on CAITONG Securities？

• 　　CAITONG Securities is regulated by the China Securities Regulatory Commission (CSRC), ensuring compliance with stringent security measures to protect investors' funds and personal information.

• 　　Is CAITONG Securities a good platform for beginners？

• 　　CAITONG Securities offers user-friendly mobile and desktop platforms with educational resources and customer support, making it accessible for beginners to navigate and learn the ropes of trading.

• 　　Is CAITONG Securities legit？

• 　　Yes, CAITONG Securities is a legitimate brokerage firm regulated by the CSRC, providing a secure and transparent environment for trading and investing activities.

• 　　Is CAITONG Securities good for investing or retirement？

• 　　CAITONG Securities offers a wide range of investment products, including mutual funds and retirement planning options, suitable for long-term investing and retirement savings goals.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.