Corporate Accounts:
Corporate Account – Hong Kong Registered Company:
Documents needed include copies of Hong Kong Identity Cards/Passports of Directors and Authorized Persons, proof of address, Business Registration Certificate, Company Registration Certificate, Articles of Association or Other Company Charter, Directors' Resolutions regarding account opening, Director Records, Shareholder Records, certified copy of the incorporation certificate and business registration certificate of the ultimate beneficial owner, recent Annual Return Report, and Recent Financial Report.
Corporate Account – British Virgin Islands and Other Companies Registered Outside Hong Kong:
Similar to the Hong Kong corporate account, this requires copies of Hong Kong Identity Cards/Passports of Directors and Authorized Persons, proof of address, Company Registration Certificate, Articles of Association or Other Company Charter, Directors' Resolutions regarding account opening, Director and senior officer in-service certificate/registered agent certificate, Company Existence Certificate, Director Records, Shareholder Records, certified copy of the incorporation certificate and business registration certificate of the ultimate beneficial owner, and recent Annual Return Report.
MMK Prime Fee Review
The fee structure at Monmonkey Group Securities is thorough, covering various charges for trading activities across different markets. Here's a detailed breakdown:
Hong Kong Stock Trading Fees:
Monmonkey Group Securities charges a commission of 0.25% with a minimum fee of HK$80 for trading Hong Kong stocks. Additional costs include a 0.25% grey market trading fee with a minimum of HK$100 per stock, stamp duty at 0.1% rounded up to the nearest dollar, a transaction levy of 0.0027%, a trading fee of 0.00565%, and a settlement fee of 0.005% (with CCASS charging a part of this at 0.002% and a minimum of HK$5).
Stock Withdrawal and Deposit Charges:
Physical stock withdrawal incurs a fee of either HK$5 per board lot or 0.25% of the market value, with a minimum of HK$100. For stock deposits, a transfer deed print fee of HK$5 per copy or 0.25% of the market value is charged. SI instructions through CCASS are free unless specified otherwise under individual circumstances, with delivery and reception potentially incurring additional fees.
Nominee Services and Corporate Actions:
Fees for cash and scrip dividend collection are 0.12% of the total dividend amount with a cap of HK$30,000 per stock. Other corporate actions such as shareholder rights exercises and cash offers involve various handling fees, including a CCASS fee of HK$0.8 per board lot and a general handling fee of up to HK$300 per transaction.
China Connect Securities Trading Service Charges:
Trading commissions for China Connect securities are 0.25% per transaction with a minimum of RMB$100. Other fees include a handling fee of 0.00341%, a securities management fee of 0.002%, and a transfer fee of 0.001% of the transaction value per side, with certain fees having historical waivers or adjustments.
U.S. Securities Trading Fees:
For U.S. stocks, the trading commission is 0.25% of the transaction amount with a minimum of USD$5. Additional fees include an SEC fee of 0.0008%, a transaction fee of USD$0.000166 per share up to USD$8.30 for sell orders, and a depositary receipt fee varying from USD$0.01 to USD$0.05 per share, depending on the terms set by the issuer.
Loan and Account Service Fees:
Handling charges for IPO applications are set at HK$100 per transaction. Other account service fees include check refund handling fees and interest penalties for overdue amounts in cash accounts, calculated based on a marked-up rate over the best interest rate provided by the Bank of Communications.
Additional Services:
Monmonkey Group Securities also charges for currency exchange handling, with a fee of HK$100 per transaction. Custody and nominee services fees for various actions in different markets (e.g., China Shenzhen B Shares) include dividend taxes, collection fees, and fees for non-cash distributions. These fees vary significantly based on the type of service and the specific market conditions.
MMK Prime Trading Platform Review
The MMK app is Monmonkey Group Securities' mobile trading platform, designed to offer users a easy trading experience on their smartphones.
The app enables both new and existing customers to open and manage their trading accounts, execute trades, and monitor their investments conveniently.
Key features of the MMK app include dual authentication security for account registration, the ability to set personal passwords, and direct account opening and binding for streamlined access to trading functionalities.
This platform is tailored to provide efficient and reliable investment services, making it easy for users to engage with the financial markets directly from their mobile devices.
Customer Service
Monmonkey Group Securities provides customer support through multiple channels to assist their clients effectively. Customers can reach out via email at cs@monmonkeygroup.com for inquiries or support related issues.
For immediate assistance or more direct communication, they can call the customer hotline at +852 2111-0110. The company's office is located at Unit 2418, 24/F, China Merchants Tower, Shun Tak Centre, 168-200 Connaught Road Sheung Wan, HK, where clients can also visit for face-to-face support.
Conclusion
In conclusion, Monmonkey Group Securities offers an efficient trading experience through its MMK app, providing a easy interface for trading and account management directly from mobile devices. The platform supports a range of functionalities, including new account registration, trading, and account binding, with robust customer support available via email, phone, and in-person visits.
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