Direct Spot Brokerage Account: Broad Market Access and No Fee IPO Subscription

Direct Spot Brokerage Account: Broad Market Access and No Fee IPO Subscription

Invest in A-Shares, HK Stocks, US Stocks and IPOs with 1 Account

Good for

  • Beginner traders looking for investing demos
  • People looking to invest in a range of products with one account

Bad for

  • Consumers looking for no fee trading
  • Investors who want renowned customer service

Editor's Rating

3.5/5.0

Direct Spot Brokerage Account is a good choice for investors of all experience levels. Investors can diversify their portfolio across products from the US, Hong Kong and China for moderate commissions rates. Newer investors can leverage the free demo trading platform to familiarise themselves with markets while expert traders enjoy seamless access to IPOs and other advanced products.

Summary of Direct Spot Brokerage Account
Competitive commissions and broad market access
Convenient demo trading platform for beginners
Easy IPO Access
Promotions:
  • New customers receive discounted commission fee of HK$15 per trade during promotion period , end date 31 December 2021
  • Receive 1 free month of Quamnet Subscription Service or Xiaomi Wireless power Bank w/ 1st transaction of HK$10,000 or more , end date 31 December 2021
  • , end date

Table of Contents

What Makes Direct Spot Brokerage Account Stand Out to Investors

Direct Spot stands out for offering a wide variety of stocks, ETFs, and advanced trading products in one account. Consumers can trade US stocks, HK stocks, and A-Shares through the Direct Spot 4in1 app. While Direct Spot account holders pay a relatively high minimum commission for these stocks, there is no platform fee on transactions.

Expert traders can make use of several advanced trading products with Direct Spot. Direct Spot utilizes the same infrastructure of China Tonghai Securities to provide execution and clearing services for most major global futures including HKFE, CME Group, Singapore Exchange (SGX), EURONEXT, Hang Seng Index (HKEX), Mini-NASDAQ Index (CME) and more. With a margin account, you can trade 90% on margin to enhance your investing power.

Beginners can open a demo account with Direct Spot and familiarise themselves with trading and before investing real money. While this is a great feature, beginner investors should also prioritise fees and commissions associated with a securities account. Direct Spot has a US$13.80 minimum commission fee for trading US stocks and an HK$30 commission for HK stocks, which is relatively high. By comparison, SoFi Hong Kong brokerage account has no commissions for US and HK Stocks, which will significantly improve your return on investment over time.

Conclusion

Direct Spot Brokerage Account offers a diverse range of advanced trading products and access to international markets. This securities account also has no minimum initial deposit to open an account, aside from the government-mandated HK$10,000 deposit. While Direct Spot offers many investment opportunities, the account’s relatively high minimum commissions make it less attractive to average consumers looking for affordable access to mainstream trading.

Investment Opportunities with Direct Spot Brokerage Account

Direct Spot Brokerage Account brokerage account holders can trade a large variety of financial products, including:

  • HK stocks
  • US stocks
  • A-Shares
  • IPO
  • ETFs
  • Fund
  • Options
  • Futures
  • Margin trading

Direct Spot offers more market access and financial products than most brokerages in Hong Kong, but there are other choices to consider. Experienced investors can enjoy the greatest access to international stocks and ETFs with Saxo Markets, which offers financial products from 36 exchanges worldwide. However, Saxo’s fees for trading HK stocks are significantly higher than with a Direct Spot Brokerage Account. Read our review of the best online brokerages in Hong Kong to find the best choice for you.

Direct Spot Brokerage Account Fees

Direct Spot Brokerage Account has high minimum commissions for trading HK stocks, US stocks and AAstocks. However, the commission rates are relatively low, so investors who invest significant sums of money per trade and exceed the minimum commission amount can benefit from lower fees when compared to other securities accounts.

Commissions and Platform Fees


Market/Product
Min. CommissionCommission Rate
HK StocksHK$300.05%
US StocksUS$13.80.138%
AASharesCN¥300.05%

Direct Spot Brokerage Account Eligibility Requirements: How Do I Apply?

Consider this if you want to trade HK stocks, US Stocks and A-Shares with one account

Investors can open a Direct Spot Brokerage Account online with no opening fee. To apply, make sure you meet the following requirements and have the proper forms prepared:

Eligibility Requirements:

  • 18 years or older
  • Hong Kong Permanent Identity Card
  • Proof of residential address within the last 3 months
  • HK$10,000 government-mandated initial deposit
  • You are ultimate instruction originator or beneficial owner of the Account
  • You are the tax resident of single Jurisdiction of Residence

Once you are approved, you can download the Direct Spot 4in1 app on your smartphone and begin investing.

How Does Direct Spot Brokerage Account Compare Against Other Brokerage Accounts?

Read our comparisons of the Direct Spot Brokerage Account brokerage account with other brokerage accounts in Hong Kong and determine the best for you. For more analysis, read our full review of the best brokerage accounts in Hong Kong.

Direct Spot Brokerage Account v. SoFi Hong Kong
  • Min. Commission Fee Hong Kong Stocks: HK$0
  • Min. Commission Fee US Stocks: US$0
  • Min. Commission Fee A-Shares: N/A
SoFi Hong Kong is the cheapest brokerage account for investors looking to trade US and Hong Kong stocks and ETFs. It has no commissions or platform fees for US and HK stocks.


Direct Spot Brokerage Account offers A-Shares and more advanced products in addition to US and HK stocks. However, for everyday investors looking for no commission trading, SoFi Hong Kong is a more affordable choice.

Direct Spot Brokerage Account v. uSMART Securities
  • HK Commission: 0.03%
  • HK Platform Fee: HK$12/order
  • US Commission : US$0
  • US Platform Fee: 0.5% (min US$1.5)
  • A-Shares Commission (min.): 0.02% (CN¥5)
  • A-Shares Platform Fee: 12CN¥/order
uSMART Securities is a great brokerage firm for investors looking to trade US stocks, Hong Kong stocks and A-Shares at a relatively low cost. uSMART’s minimum commission fees are significantly lower than Direct Spot’s fees, and you can choose between two different fee structures for platform fees. Finally, investors can use uSMART’s AI-powered smart ranking tools to make informed decisions before making trades.
Direct Spot Brokerage Account v. SoFi Hong Kong
  • Min. Commission Fee Hong Kong Stocks: HK$0
  • Min. Commission Fee US Stocks: US$0
  • Min. Commission Fee A-Shares: N/A
SoFi Hong Kong is the cheapest brokerage account for investors looking to trade US and Hong Kong stocks and ETFs. It has no commissions or platform fees for US and HK stocks.


Direct Spot Brokerage Account offers A-Shares and more advanced products in addition to US and HK stocks. However, for everyday investors looking for no commission trading, SoFi Hong Kong is a more affordable choice.

Direct Spot Brokerage Account v. uSMART Securities
  • HK Commission: 0.03%
  • HK Platform Fee: HK$12/order
  • US Commission : US$0
  • US Platform Fee: 0.5% (min US$1.5)
  • A-Shares Commission (min.): 0.02% (CN¥5)
  • A-Shares Platform Fee: 12CN¥/order
uSMART Securities is a great brokerage firm for investors looking to trade US stocks, Hong Kong stocks and A-Shares at a relatively low cost. uSMART’s minimum commission fees are significantly lower than Direct Spot’s fees, and you can choose between two different fee structures for platform fees. Finally, investors can use uSMART’s AI-powered smart ranking tools to make informed decisions before making trades.
Kevin Schwartz

Kevin is a Junior Research Analyst at ValueChampion specialising in credit cards in Hong Kong. He previously worked for the U.S. Congress as a Legislative Fellow as well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross and received multiple scholarships for Chinese language studies, including the State Department Critical Language Scholarship.