Samsung Securities announced on the 15th that it will hold an event to reduce online trading commissions for overseas stocks until September 30.
This event targets new customers who opened accounts non-face-to-face at Samsung Securities and those with non-face-to-face accounts who did not trade overseas stocks at Samsung Securities from April 1 to June 30 of this year. Eligible participants can apply for the event on the Samsung Securities website or mobile app 'mPOP'.
Customers who participate in the event will enjoy a benefit of 0% trading commission on U.S. stocks for three months, and afterwards, they will be subject to an online trading commission of 0.03% for the following nine months.
If there was a transaction during the event period, an additional online trading commission of 0.07% will apply for one year after the benefit period ends.
In addition, the trading commission for general stock transactions in overseas regions such as China, Hong Kong, and Japan is 0.09% or more for two years from the event application date, while online exchange-traded funds (ETFs) and exchange-traded notes (ETNs) are 0.045% or more.
Similarly, in six European countries (the United Kingdom, Germany, France, Belgium, the Netherlands, and Portugal), both general stocks and ETFs/ETNs can be traded at commissions starting from 0.09% for two years from the event application date.
Additionally, customers who apply for the event can benefit from favorable online exchange rates for overseas stocks for two years. For U.S. dollars, the rate is favored at 95%, for euros, yen, and pounds at 85%, and for yuan and Hong Kong dollars at 75%.
Meanwhile, Samsung Securities is also running an event supporting up to $100 based on transaction amount for customers without experience in overseas stock trading, until the end of July.