1. This reward is only applicable to Clients who make their first US stock trade with Phillip in 2025. Clients must hot have traded US stock through any channel (POEMS, SATS, “Phillip HK” APP, phone trading) since 1 January 2025. Both New and existing clients are eligible.
2. Successfully execute at least one buy order exceeding USD 2,000 on five separate trading days during the period(ETF excluded).
3. 3.Maintain daily assets in account of no less than $50,000 during the period.(HKD equivalent, including cash and stocks of any market). The actual amount is based on the statement balance. IPO deduction days are excluded.
4. The reward of 1 share of iShares Gold Trust ETF (IAU) will be distributed before November 15, 2025.
5. Phillip reserves the right to terminate the promotion early if response exceeds expectations without further notice, and maintains the right to adjust the promotion period at any time.
6. This offer is not available to clients of the Capital Management Department, Investment Migration Program participants, B2B clients, or clients enjoying special preferential rates.
7. Phillip reserves the right to cancel, delete, replace, supplement or amend any relevant terms and conditions of this promotion without prior notice. Phillip reserves the right to make the final decision in case of disputes.
8. In the event of any difference in the interpretation or meaning between the Chinese and English version of this Term & Conditions, the Customer and the Company agree that the Chinese version shall prevail.
   

Trading Activity Fee: Charged by the Financial Industry Regulatory Authority (FINRA). All member firms trading securities registered with US exchanges (excluding securities exempt from exchange registration under the 1934 Securities Exchange Act) are subject to this fee regardless of trading location. The fee is only charged on sell orders at US$0.000119 per share.
Clearing Fee: Charged by The Depository Trust Company (DTCC) and National Securities Clearing Corporation (NSCC) for securities settlement at US$0.003pershare(minimumUS$0.5 per transaction).