CHIEF provides SP Trader (Desktop) and SP Trader Pro HD - HK Futures/Options Trading APP (iOS and Android).
The host of the SP Trader's online login page is: spserver.chiefgroup.com.hk
Customer can obtain the information by browsing HKEX website or download "HK Futures Margin" from CHIEF's website.
For margin requirement of option, please visit HKEX website. Please be reminded that the margin rates would be adjusted under the large fluctuating circumstance. For enquiries, please contact our Future Department at (852) 2500 9128.
Not necessarily. Some stock options contract is equal one underlying board lot shares, some stock futures contract is more than one underlying board lot shares. Customer can obtain relevant information by browsing HKEX website or download "HK Futures Margin" from CHIEF's website.
Global futures and options can be traded via the "Chief Securities App". Customers can tap "Markets" → "Global Futures" to view the latest market quotes and trade.
The futures contracts available for trading can be broadly categorized into eight major classes: Index Futures, Agricultural Futures, Interest Rate Futures, Metal Futures, Energy Futures, Foreign Exchange (Forex) Futures, Cryptocurrency Futures, and the latest Single Stock Futures. Clients can tap "Markets" → "Global Futures" in the "Chief Securities App" to access the latest market quotes.
Under Section 871(m) of the U.S. Internal Revenue Code, non-U.S. tax residents who receive dividend equivalents through certain financial derivatives linked to U.S. stocks may be subject to withholding tax, generally at a rate of 30%. As CME Single Stock Futures (SSF) are linked to U.S. stocks, the economic value of ordinary or special dividends may be reflected in the contract pricing or price adjustments even if clients do not directly receive cash dividends. The relevant long positions may therefore be subject to withholding tax.
The withholding tax is generally calculated as follows: “Number of long contracts × Contract multiplier × Dividend per share × Applicable tax rate.” The tax is generally calculated based on gross long positions, and short positions cannot be used to offset long positions. Positions held at market close on the trading day immediately preceding the ex-dividend date will generally be used as the basis for calculation. The Company will debit the corresponding amount from the client’s account based on the actual tax amount determined by the upstream broker or clearing broker. Such amount represents a pass-through withholding tax and is not a transaction fee charged by the Company. The actual scope of application, tax rate, calculation basis and deduction arrangements shall be subject to the final determination of the upstream broker or clearing broker, applicable laws and the Company’s records.
Clients who do not wish to hold long positions that may be subject to withholding tax may consider closing such positions before market close on the trading day immediately preceding the ex-dividend date, subject to transaction costs and market fluctuation risks. Clients who choose to maintain their positions should ensure that sufficient funds are available in their accounts to pay the relevant tax. Otherwise, the deduction may result in insufficient funds in the account and may trigger forced liquidation.
Different currencies are used on different futures products and margin, mostly in US dollar. For more details, please refer to "Global Futures Margin" on CHIEF's website or call our 24-hour Futures Trading Hotline (852) 2500 9128.
Please refer to the exchange website for expiration dates. Please note that some products, such as NY Crude Oil Futures Positions need to be early liquidated. For details, please contact the 24-hour Futures Trading Hotline at (852) 2500 9128.
