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In my trading experience, pricing is often the deciding factor when evaluating a broker, especially when it comes to commissions and transparency. At Shenwan Hongyuan, the commission structure for equities is straightforward: it ranges from 0.25% to 0.5% of the transaction amount, with a minimum brokerage fee set at HK$100 per trade. This minimum fee is essential to keep in mind, as it can significantly impact the cost of smaller trades; when trading lower volumes, the minimum charge can dominate the total expense. In addition to the main commission, several mandatory regulatory fees are applied, including a 0.1% stamp duty, SFC transaction levy of 0.0027%, SEHK trading fee at 0.00565%, share settlement fee from 0.002% (minimum HK$2, maximum HK$100), and the FRC levy of 0.00015%. It’s important to recognize that Shenwan Hongyuan does not offer forex or other major asset classes like commodities, indices, or ETFs—its tradable assets are limited to equities and futures. Another point to note is that, unlike many global brokers catering to retail users with tight spreads, Shenwan Hongyuan’s model is built around commission and statutory fees rather than variable spreads. For me, this level of transparency in the fee schedule is reassuring, but the total cost can still be significant depending on trade size and frequency. It's critical for traders to calculate all associated costs, not just headline commission, before choosing this platform for active equities or futures trading. I always recommend double-checking the latest charges directly on their official channels, as fee structures can change over time, and these charges cumulatively affect long-term returns.