Stock brokerage to charge monthly service fee

By Minh Son  &nbspJune 16, 2021 | 09:20 am GMT+7

An workplace of VPS Securities in Hanoi. Photo courtesy of VPS Securites.

VPS Securities will develop into the primary brokerage to charge a monthly service fee beginning July 1.

It stated the VND27,500 ($1.20) fee can be charged for shoppers’ use of its buying and selling system and system-related options.

Currently brokerages solely acquire charges for transactions.

VPS was the highest brokerage on the HCM Stock Exchange within the first quarter with a 13.2 p.c market share, up 2.4 share factors quarter-on-quarter.

Its share has consistently been rising within the final two years because it solicits new buyers in addition to decreasing the margin rate of interest and waiving charges for brand spanking new shoppers.

It was additionally the highest brokerage on the Hanoi Stock Exchange final yr with a virtually 9 p.c market share.

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