The Investor Identification Regime (HKIDR) is a regulatory measure implemented by the Securities and Futures Commission (SFC) on 20 March 2023.
Mox has to:
assign a Broker-Client Assigned Number (BCAN) to each clients and tag the BCAN to its clients’ securities orders.
submit to the Stock Exchange of Hong Kong's data repository the identification data (ie, names and identity document information) of clients placing securities orders on the Stock Exchange of Hong Kong.
Mox currently provides HK and US equities (including stocks and ETFs) trading and also funds investment. Mox customers can place buy and sell orders for HK and US equities, and trade selected funds via the Mox App.
A market order is an order to buy or sell at the market bid or ask price. Market orders may increase the likelihood of the order being filled and the speed of execution, but do not guarantee a specific execution price (and may execute at an undesirable price). If you would like greater control over the execution prices you realise, please submit your order using a limit order, which is an instruction to execute your order at or better than the specified limit price.
When you place a market order, you don’t need to input a specific price in the order. Your order will be automatically matched against the best price available in the market to execute your order.
For placing a buy market order, we will mark-up up to 3% of the stock’s market price (for the US market) or 9 bid-ask spreads (for the HK market) to calculate the buying power required for initiating the order.
For market orders, orders will remain valid until market close on the same day.
If Mox Invest services are down, we may post a notice(s) on the Mox app and/or Mox website to inform our customers and notify updated arrangements for placing sell orders for stocks and/or funds or cancelling open orders for stocks.
You may also call us at +852 2888 8228 for any enquiries.
Please be reminded that no buy orders for stocks or funds trading will be supported during service outages.
When placing a limit order at Mox, you are placing a 'Good-Till Cancelled' ("GTC") limit order, and therefore unfilled orders will remain open with any unfilled orders will be active until the end of next quarter. Limit orders will be active in all pre-opening auctions, continuous trading and closing auction sessions.
When placing a 'Market Order' at Mox, you are placing a day limit order with 9 bid-ask spreads better than the current market price and therefore any unfilled orders will be cancelled by the end of day. You can only place market order during continuous trading sessions and the unfilled orders will be remain open until the end of closing auction session.
US securities trading hours are from 9:30 a.m. to 4:00 p.m. US Eastern Standard Time ("EST"), Monday to Friday. i.e. from 9:30 p.m. to 4:00 a.m. Hong Kong Time ("HKT") (summer trading hours) / 10:30 p.m. to 5:00 a.m. HKT (winter trading hours) of the following day. All “Market Orders” that have not been executed will be void on the same day after closing at 4:00 pm EST. Mox Invest does not currently support pre-and post-market sessions trading for US securities trading. US securities trading may be suspended due to special holidays or individual corporate activities without further notice to you.
By trading fractional shares, customers can buy 'fractions' of certain US stocks, that is from less than 1 share down to just 0.0001 shares. Customers can place orders either by inputting a (fractional) number of shares or a dollar amount of investment they want to buy or sell.
For funds, Mox charges no trading fees. Please refer to applicable fund offering documents, the Mox Invest terms and conditions, and key risks and important information available in the Mox app for further details and disclosures relating to fee structures for funds.