I. Panda Securities: A New Choice for Hong Kong and US Stock Investments

1. What is Panda Securities?

In the field of Hong Kong and US stock investments, Panda Securities has become the preferred platform for more and more investors due to its licensed qualifications, low fees, and convenient services.

• Core Positioning: A licensed Hong Kong and US stock brokerage that supports zero-principal IPO subscription and up to 33x leverage financing, meeting the diversified needs of individual investors in Hong Kong stock, US stock, and fund markets.
• Qualification Advantages:
  • Licensed by the Hong Kong Securities and Futures Commission (License No.: BNC380), ensuring compliant operation and fund security.
  • Regulated by US FINRA/SEC, adhering to international financial standards.
• User Profile:
  • Suitable for individual investors engaged in Hong Kong IPO subscription, US stock investment, fund regular investment, etc.
  • Highly recommended for active traders pursuing low transaction costs and high-leverage financing.

2. Why Choose Panda Securities?

Technology-Driven + Convenient Services for More Efficient Investing:

• FaFa Pro Low-Latency System: Real-time market data push and millisecond-level transaction execution speed.
• Passport Account Opening + FPS/eDDA Deposits: No need for mainland bank cards; global users can open accounts quickly.
• Featured Functions:
  • Support for Grey Market Trading: Capture price opportunities in the final moments before a new stock listing.
  • IPO Financing Tools: Flexible leverage schemes to reduce IPO subscription costs.

II. Detailed Explanation of Panda Securities Fees: Comprehensive Breakdown of Charges for Hong Kong Stocks, US Stocks, and Featured Services

1. Hong Kong Stock Market Fees / Commission Details

• Stock Trading Commissions
  • Regular Users: Trading commission is 0.2% with a minimum of HKD 68; an additional platform fee of HKD 15 is charged.
  • Channel Users (opening an account via exclusive link or entering invitation code: SPTXVKUE in the Panda Securities APP): Trading commission as low as 0.025% with a minimum of HKD 3, and no platform fee.
  • Selling new stocks within the first 10 trading days: All users are subject to a unified commission of 0.2% with a minimum of HKD 68 and a platform fee of HKD 15.
• New Stock Subscription Fees
  • Handling Fees: Cash subscription is free; financed subscription (Tier 1) has 0 handling fee and 0 interest; zero-principal subscription has no handling fee with a financing interest rate of 4.88%.
  • Leverage Support: Financed subscription (Tier 1) can enjoy 5-50x leverage, and zero-principal subscription can enjoy a maximum of 33x leverage.
  • Other Fees: A unified rate of 0.2% (minimum HKD 68) and a platform fee of HKD 15 apply.
• Support for Grey Market Trading: Panda Securities supports grey market trading and connects to Phillip Grey Market. Trading fees follow the relevant rules of stock trading (Regular users: 0.2% commission with a minimum of HKD 68 + HKD 15 platform fee; channel users enjoy preferential rates according to exclusive policies).

2. Highlights of US Stock Market Fees / Commissions

US stock trading is a major advantage of Panda Securities: 0 commission and 0 platform fee, which significantly reduces the cost for investors to participate in the US stock market, allowing users to trade US stocks without worrying about high handling fees.

3. Fee Explanations for Fund and Yutong Services

• Fund Services
  • Public Funds: Support subscription in multiple currencies including USD, HKD, and RMB.
  • Private Funds: Available only to Professional Investors (PI).
  • Settlement Rules: T+2/T+3 settlement applies with no additional handling fees specified.
• Yutong Service
  • Supported Currencies: USD, HKD, RMB.
  • Features: Idle funds in the account are automatically transferred to Yutong with settlement dates of T+1/T+2; automatic subscription and redemption of Yutong do not affect zero-principal subscription, ensuring high capital flexibility with no additional fees.

III. Panda Securities' Limited-Time August Benefits: Must-Grab Offers for Investors

1. Exclusive for New Users: Welcome Package upon Account Opening

• Cashback for zero-principal IPO subscription: HKD 30 cashback for the first financed IPO subscription to reduce trial costs.
• Grey market trading subsidy: Open an account via the event link to enjoy a capped 0.08% commission for grey market trading, a 50% reduction.

2. Upgrade Benefits for Existing Users

• Financing limit increase: Up to 33x leverage (subject to credit evaluation) to expand profit potential.
• IPO allotment sharing reward: Share allotment results on social media after successful allotment to receive HKD 50-200 reward.

3. Event Period and Participation Method

• Validity Period: August 1, 2025 - August 31, 2025
• Participation Path:
  • Open an account via the Hawk Insight exclusive channel link or enter invitation code: SPTXVKUE in the Panda Securities APP to participate.
  • Limited-time benefit: Available to users who complete their first transaction before August 31.

IV. Panda Securities vs Other Brokers: Why It's More Worth Choosing?

1. Fee Comparison

• 50% reduction in Hong Kong IPO subscription costs (compared to XX Securities).
• Zero commission for US stock trading (compared to Futu, Tiger Brokers).

2. Service Differentiation

• Exclusive Account Managers: Provide IPO strategy consulting and grey market trading guidance to lower operational barriers.
• Multilingual Support: Chinese-English customer service + Cantonese/Mandarin bilingual services, covering global users.

V. Core Advantages of Panda Securities: Low Fees, Convenience, and Diverse Service Highlights

• Low Threshold and High Leverage: Participate in subscriptions with zero principal, enjoying a maximum of 33x leverage; financed subscription (Tier 1) with 0 handling fee, 0 interest, and 5-50x leverage for flexible investment.
• Convenient Account Opening: Supports passport account opening, providing a convenient channel for overseas users.
• Abundant Fee Discounts: Free cash subscription; 0 commission and 0 platform fee for US stock trading; HKD 30 cashback for zero-principal early-bird/cash allotments to reduce investment costs.
• Comprehensive Trading Support: Supports fast deposits via FPS and eDDA; connects to Phillip Grey Market for grey market trading to enhance trading flexibility.

VI. FAQ: Frequently Asked Questions about Panda Securities

1. Is Panda Securities a compliant broker?

Answer: Yes. Panda Securities is a licensed corporation regulated by the Hong Kong Securities and Futures Commission (Central Number: BNC380), holding Type 1, Type 2, and Type 9 licenses, with authoritative guarantees for compliance.

2. What account opening methods does Panda Securities support?

Answer: It supports passport account opening for the convenience of overseas users; mainland users can complete the account opening process through official channels.

3. Are there discounts on Hong Kong stock trading commissions?

Answer: Yes. Channel users who open an account via the exclusive link can enjoy Hong Kong stock trading commissions as low as 0.025% with a minimum of HKD 3 and no platform fee, which is more favorable than regular users.

4. Is there leverage for new stock IPO subscriptions? How is interest calculated?

Answer: Yes, there is leverage. Financed subscription (Tier 1) can enjoy 5-50x leverage with 0 handling fee and 0 interest; zero-principal subscription has a maximum 33x leverage with a financing interest rate of 4.88%.

5. Is US stock trading really commission-free?

Answer: Yes. Panda Securities offers 0 commission and 0 platform fee for US stock trading, significantly reducing US stock investment costs.

6. Which channels are supported for grey market trading? What are the fees?

Answer: Phillip Grey Market is supported for grey market trading. Fees follow stock trading rules, and channel users can enjoy more favorable commission rates.

VII. Conclusion: Panda Securities — A Cost-Effective Choice for Hong Kong and US Stock Investments

Panda Securities, with its compliant qualifications, technology-driven services, clear and transparent fee structure, and rich preferential activities, has become a cost-effective choice for Hong Kong and US stock investors. Whether it is ordinary individual users or those with low-latency needs, they can obtain suitable services through its FaFa or FaFa PRO products. Benefits such as free cash subscription, zero commission for US stocks, and allotment cashback further reduce investment thresholds and costs. If you are looking for a cross-border broker with favorable fees and reliable services, Panda Securities is worth in-depth understanding and trying.