Taiwan Securities Brokerage Fees Revealed | Top 10 Brokerage Firms' 2025 Market Share Rankings and Cost Analysis

2025-12-24 15:54:29

Looking to trade Taiwan stocks, Hong Kong stocks, or US stocks but overwhelmed by complicated fees? This year, competition among Taiwanese brokers has become even fiercer, with discount differences that are astonishing. This article helps you sort out the rankings and cost details of Taiwanese securities firms, so you can save unnecessary expenses.

Full Disclosure of the Top Ten Domestic Taiwanese Securities Firms’ Market Share

Based on the total trading volume for 2024, the rankings of Taiwanese securities companies are as follows:

Rank	Broker Name	Market Share (%)	Main Trading Products
1	Yuanta Securities	12.89	Taiwan stocks, ETFs, Hong Kong stocks, Mainland China stocks, US stocks, Japanese stocks, international futures, options
2	KGI Securities	10.08	Taiwan stocks, Taiwan ETFs, futures, options, overseas discretionary trading
3	Fubon Financial	7.05	Taiwan stocks, Taiwan ETFs, futures, options, overseas discretionary trading
4	E.SUN Securities	4.62	Overseas securities investments in US stocks, Hong Kong stocks, Mainland China stocks, Japanese stocks
5	Cathay Securities	4.06	Taiwan stocks, ETFs, bonds, warrants, futures, odd-lot stocks, overseas products
6	KY Securities	3.38	Taiwan stocks, bonds, futures, warrants, overseas products
7	Yuanta Fubon Securities	3.18	Taiwan stocks, bonds, futures, warrants, overseas stocks
8	Hua Nan Yung Chuang	2.54	Taiwan stocks, bonds, futures, overseas discretionary products
9	Mega Securities	2.52	Taiwan stocks, bonds, futures, warrants, structured products
10	Union Securities	2.43	Taiwan stocks, bonds, warrants, futures, overseas discretionary trading

Data Source: Taiwan Stock Exchange

How to Calculate Trading Fees? Understanding Taiwan Stock Trading Costs

In Taiwan, buying and selling stocks mainly involves two costs: “commission fee” and “transaction tax.” The statutory commission rate is 0.1425% (both buy and sell), with a minimum of NT$20; the transaction tax is 0.3% on sales, which cannot be discounted.

However, in reality, online order competition is fierce, and most investors can negotiate discounts, usually based on their trading volume.

Comparison Table of Electronic Order Discounts from Various Brokers

Code	Broker Name	Discount Offer	Refund Method
8560	Yuanta Securities	60% (additional new customer promotions apply)	Daily refund
9200	KGI Securities	60% (new customers 25%)	Monthly refund
9600	Fubon Financial	60% (new customers below 20%)	Monthly refund
9A00	E.SUN Securities	20% (monthly trading below NT$1 million)	Monthly refund
8880	Cathay Securities	28%	Daily refund
2856	Yuanta Fubon Securities	65%	Monthly refund
6005	KY Securities	60%	Daily refund
2880	Hua Nan Yung Chuang	65%	Monthly refund
2855	Union Securities	Tiered discounts (within NT$100,000 25%, NT$100,000-500,000 20%, above NT$500,000 16.8%)	Monthly refund
000700	Mega Securities	50%	Monthly refund

Data Source: Official websites of major securities firms

Discounts are not fixed; there is significant room for negotiation with brokers’ agents, especially for investors with large capital, who can secure more favorable terms.

Real-World Example: Calculating Trading Costs Using TSMC

Suppose you buy 5 lots of TSMC (stock price NT$430), then sell 5 lots (stock price NT$450), with a 60% discount on commissions:

Item	Buy	Sell
Transaction Amount	NT$21,500,000	NT$22,500,000
Commission Rate	0.1425%	0.1425%
Discounted Commission	NT$1,838	NT$1,924
Transaction Tax (0.3%)	0	NT$6,750
Subtotal	NT$1,838	NT$8,674
Total Trading Cost	NT$10,512

This only accounts for commissions and taxes; costs will increase further if margin trading or short selling are involved.

Four Key Factors to Consider When Choosing a Broker

1. Commission Discount Structure

Different brokers have vastly different discount policies—some refund on the same day, others at the end of the month. High-volume traders should carefully calculate and may even negotiate better conditions with brokers.

2. Trading Software Quality and Features

All brokers offer free apps, but stability, order speed, and analytical tools vary greatly. Real-time quotes, account management, and market analysis should be user-friendly. It’s recommended to try out the platform before opening an account.

3. Liquidity and Margin Rates

Large brokers usually have ample securities to lend out, with more competitive margin rates, often between 6%-7%. If you frequently trade on margin, larger brokers are more cost-effective.

4. Outgoing Funds Speed and Customer Service Quality

Beyond trading, ease of fund withdrawal and customer support responsiveness impact overall experience. Larger brokers tend to have more comprehensive services in these areas.

How Big Is the Fee Gap Between Domestic Brokers and Overseas Discretionary Trading?

When buying overseas stocks through domestic brokers, the common method is “discretionary trading,” which is more expensive than trading directly with overseas brokers. Discretionary trading involves multiple layers of referral, increasing costs.

For frequent trading of US, Hong Kong, or other overseas markets, many investors consider opening accounts with international brokers to save costs. Although the process is more complex, it may be more economical in the long run.

Advantages and Risks of Choosing Top Taiwanese Securities Firms

Advantages:

High market share indicates a large customer base and stable trading volume
More reliable system stability, fewer order issues
Better customer service and technical support
More favorable margin limits and interest rates

Risks:

Emerging small brokers often offer ultra-low fees to attract customers, but service quality may be unreliable
Some small brokers may underinvest in system maintenance and risk control to cut costs
If a broker encounters issues, large brokers tend to have lower operational risks

Practical Tips for Beginners Opening Accounts

If you’re a dividend investor: Focus on fee discounts and software stability. Choosing brokers with the top three market shares is safer.

If you’re a short-term trader: Besides discounts, pay attention to order speed, analytical tools, and margin rates. Consider smaller brokers with aggressive discounts.

If your trading volume is large: Contact brokers’ agents directly to negotiate special discounts. Larger brokers usually have more flexibility.

If you want to trade overseas stocks: Start with domestic brokers’ discretionary services. If costs are too high, consider international broker accounts.

Summary

Taiwanese securities firms are numerous, but the top ten account for most trading volume, indicating these institutions have reliable systems, good customer service, and accessible margin facilities. While fee discounts are important, don’t be lured solely by ultra-low prices and overlook other factors.

Before opening an account, compare fees, app experience, liquidity sources, margin rates, and customer service quality to find the broker that best fits your trading style. Wishing you find the ideal trading partner!

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.