Kyobo Securities Holds Multi-CFD Commission Fee Reduction Event

[Asia Economy Reporter Lee Jung-yoon] Kyobo Securities announced on the 21st that it will hold a fee reduction event for its Multi CFD (Contract for Difference) service until the end of June.

During the event period, trading customers using Kyobo Securities' Multi CFD will receive a preferential fee of 0.1% for both domestic and overseas transactions.

CFD is a service exclusively for professional investors, an over-the-counter derivative product that settles the difference between the entry price and the liquidation price in cash without actually holding the underlying stock. The existing CFD service required separate accounts for domestic and overseas market trading, causing inconvenience.

Kyobo Securities is the first in the industry to offer a Multi CFD service that allows trading in Korean won without currency exchange in a single account for both domestic and overseas (U.S.) markets. Starting mid-March, the overseas trading markets will be expanded to the U.S., China, Hong Kong, and Japan.

Shin Young-kyun, Head of International & Investment Solutions Division, said, "Since launching the first domestic CFD service among securities firms, we have been providing various services ranging from overseas CFDs, which allow investment in eight countries (U.S., China, Hong Kong, Japan, Taiwan, France, Germany, Canada)?the largest number in the industry?to Multi CFDs."

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