Samsung Securities Lowers CFD Commission Rates to Industry's Lowest Level

[Asia Economy Reporter Park Jihwan] Samsung Securities announced on the 30th that it will lower the commission fees for domestic stock Contract For Difference (CFD) trading to the industry's lowest level.

With this reduction, Samsung Securities' CFD trading commission rate will be lowered to 0.07%, about half of the previous rate.

CFD is a product exclusively for professional investors. Instead of directly purchasing and holding stocks, customers settle the price difference from the time they give trading instructions through a contract with the securities firm, based on price fluctuations, as an over-the-counter derivative product.

By using the CFD service, investors who want to leverage can deposit a portion of the margin with the securities firm and later settle only the difference between the purchase price (entry price) and the selling price (exit price) in cash.

Meanwhile, the existing CFD margin rates varied depending on the securities firm, but starting October 1st, a minimum margin rate of 40% will be uniformly applied across all securities firms for one year.

A Samsung Securities official said, "We decided to reduce the fees so that professional investor customers with diverse investment needs can use the service," adding, "We will continue to strive to provide better customer-centered services."

This content was produced with the assistance of AI translation services.