Leverage: 10% | 100%
Regulation: SFC
Min. Deposit: No minimum deposit
HQ: Hong Kong
Platforms: OTP-C Trading Platform, Stock Connect
Found in: 2000
Hong Kong Exchanges and Clearing Limited or HKEX is a Hong Kong-based financial exchange that provides a diverse range of trading products to its clients, including equities, derivatives, FX, stocks, commodities, metals, ETPs, and more.
In 1986, HKEX introduced a computer-assisted trading system and later replaced it with the “Automatic Order Matching and Execution System” which was upgraded to a third-generation system in 2000.
The company is regulated by the Hong Kong Securities and Futures Commission (SFC), which oversees and regulates the securities and futures markets in Hong Kong.
HKEX is a well-established and regulated financial exchange that provides access to a wide range of trading products. The company also provides advanced trading technologies and platforms to investors and professional traders from around the world. HKEX offers traders a favorable trading environment with competitive fees and trading conditions, as well as the convenience of not requiring a minimum deposit.
For the cons, the fees charged by HKEX can vary depending on the specific product being traded and the trading platform being used, and there is no 24/7 customer support.
| Advantages | Disadvantages |
|---|---|
| Competitive trading conditions | Comparatively high fees |
| SFC overseeing | No 24/7 customer support |
| Access to Asian markets | |
| Professional trading | |
| No minimum deposit amount | |
| Trading instruments | |
| Advanced trading technology |
| 🏢 Headquarters | Hong Kong |
| 🗺️ Regulation | SFC |
| 🖥 Platforms | OTP-C Trading Platform, Stock Connect, etc. |
| 📉 Instruments | Equities, derivatives, FX, stocks, commodities, metals, ETPs |
| 💰 EUR/USD Spread | Commission charge |
| 🎮 Demo Account | Provided |
| 💳 Minimum Deposit | No minimum deposit |
| 💰 Base Currencies | HKD, EUR, USD, GBP |
| 📚 Education | Provided |
| ☎ Customer Support | 24/5 |
HKEX is a regulated and reputable exchange that provides competitive trading conditions and relatively tight spreads. Clients can take advantage of a range of advanced trading tools and trading platforms offered by HKEX.
| Ranking | HKEX | CAPEX | Moneta Markets |
|---|---|---|---|
| Our Ranking | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐ |
| Advantages | Spreads | Trading Instruments | Trading Platforms |
While HKEX is known for offering competitive trading solutions, there are other brokers in the market that also provide similar services. Therefore, we have compiled a list of some of the top options that traders may consider as alternatives to HKEX:
HKEX has been recognized for its performance and contributions to the finance sector, receiving various awards. In particular, in 2019, it was recognized for its contribution to A-share index inclusions as a top-performing broker.
No, HKEX is not a scam. It is a reputable financial exchange regulated by the Hong Kong Securities and Futures Commission, which imposes strict rules and guidelines on its operations.
Yes, HKEX is a legit and regulated company.
The company has been in operation for many years, and its reputation as a reliable exchange has been well-established. While there are some risks associated with trading, HKEX takes measures to ensure the safety and security of its clients, such as implementing risk management policies and safeguarding client funds.
See our conclusion on HKEX Reliability:
| HKEX Strong Points | HKEX Weak Points |
|---|---|
| Funds protection | No negative balance protection |
| Risk management policy | |
| Regulatory oversight | |
| Segregated accounts |
As we have already mentioned HKEX operates under the regulation of SFC Hong Kong, which is responsible for supervising and regulating securities and futures markets in Hong Kong.
Additionally, clients’ funds are kept in segregated accounts at HKEX, ensuring that they cannot be used for any other purpose.
HKEX does not offer leverage in the traditional sense as it is a stock exchange that primarily facilitates the trading of equities and other securities.
The margin requirements for trading on the exchange depend on the specific product being traded. For example, the margin requirement for trading Hong Kong-listed equities is typically 10% of the trade value. However, it is important to note that some brokers who offer access to HKEX may provide leverage for trading other products such as derivatives.
HKEX does not offer different account types as we found. Clients can open a single account and trade a variety of financial instruments such as stocks, futures, options, and more. The account supports trading in various currencies including HKD, EUR, USD, and more.
In addition, for new traders, a free trial period is available to practice trading with trial trades.
| Pros | Cons |
|---|---|
| Fast account opening | None |
| Account base currencies HKD, EUR, USD, GBP | |
| No minimum deposit amount |
Opening an account with HKEX is quite easy. You should follow the opening account form or sign-in page and proceed with the guided steps:
HKEX provides access to a range of trading instruments including equities, derivatives, FX, stocks, commodities, metals, futures, and more.
The derivatives products offered by HKEX include options and futures on indices, currencies, commodities, and interest rates, providing clients with a range of investment options to suit their risk profile and investment objectives.
We got in our test trade that the fees charged by HKEX vary depending on the product being traded and the trade volume, and are typically calculated based on commissions.
For equities and funds, the trading fees at HKEX range from 0.003% to 0.005% of the transaction value. The minimum fee is HKD 0.50, and the maximum fee is HKD 100. For derivatives, the fees range from HKD 1.5 to HKD 3.0 per contract.
Clearing fees for equities and funds are charged at 0.002% of the transaction value, with a minimum fee of HKD 2.0 and a maximum fee of HKD 100. For derivatives, clearing fees range from HKD 0.5 to HKD 1.5 per contract.
Moreover, if you hold a position for more than a day, you will incur overnight or swap fees as well.
| Fees | HKEX Fees | CAPEX Fees | Moneta Markets Fees |
|---|---|---|---|
| Deposit fee | Yes | No | No |
| Withdrawal fee | Yes | No | No |
| Inactivity fee | No | Yes | No |
| Fee ranking | Average/High | Low/Average | Low/Average |
In contrast to spread-based trading, HKEX operates on a commission basis, where trading fees are charged as commissions on each opened position. The commission rates may vary depending on factors such as the type of asset being traded and market conditions.
As a result, traders are encouraged to research and compare fees across different brokers before choosing to trade with HKEX. Despite the lack of spread-based trading, HKEX offers tight and variable spreads for various assets, which means that they can differ depending on the current market conditions.
HKEX offers several funding methods for its clients, including bank wire transfers, credit/debit cards, and e-wallets such as PayPal and Skrill. It is worth noting that some funding methods may have specific requirements or limitations depending on your bank or other institutions.
Here are some good and negative points for HKEX funding methods found:
| HKEX Advantage | HKEX Disadvantage |
|---|---|
| Fast digital deposits | There might be some deposits and withdrawals fees |
| Multiple account base currencies | |
| No minimum deposit amount |
In terms of funding methods, HKEX offers the following payment methods:
There is no requirement for a minimum deposit with HKEX. However, our research indicates that many traders prefer starting with an initial amount of $5,000.
HKEX minimum deposit vs other brokers
| HKEX | Most Other Brokers | |
| Minimum Deposit | $0 | $500 |
HKEX allows clients to withdraw funds from their trading accounts via bank transfer. The processing time for withdrawals may vary depending on the client’s bank and country of residence, but it typically takes 1-3 business days for the funds to reach the client’s bank account. Clients may be required to provide additional documentation to complete the withdrawal process.
We got from our test that HKEX offers a variety of trading platforms to suit the needs of different types of traders. The primary platform is the HKEX Orion or OTP-C Trading Platform, which provides a fast and reliable trading experience. It offers advanced order types, real-time market data, and integrated risk management tools.
In addition to the Orion Trading Platform, HKEX also offers Stock Connect which is a trading link that connects the Hong Kong stock market with the stock markets in mainland China, allowing investors to trade securities listed on both markets.
HKEX provides traders with access to trading platforms through the web, desktop, and mobile versions. The platforms offer a range of market data tools, including real-time and delayed market data feeds, historical data, and analytics. Traders can use these tools to gain insights into market trends, make informed trading decisions, and manage risk.
| Platforms | HKEX Platforms | CAPEX Platforms | Moneta Markets Platforms |
|---|---|---|---|
| MT4 | No | No | Yes |
| MT5 | No | Yes | Yes |
| cTrader | No | No | No |
| Own Platform | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
HKEX offers 24/5 supportive customer support through Phone lines and Email. The exchange’s support team consists of professionals in trading who can provide traders with help on different concerns including technical support, analysis recommendations, general questions, and operational problems.
See our find and ranking on Customer Service Quality:
| Pros | Cons |
|---|---|
| Quick responses | No live chat and 24/7 customer support |
| Relevant answers | |
| Availability of international phone lines and email |
HKEX provides a variety of educational materials to its clients, including webinars, tutorials, articles, and videos on various trading topics such as technical analysis, risk management, and trading strategies.
Overall, HKEX is a well-established exchange that offers a wide range of financial instruments for traders to invest in. Its trading platforms are user-friendly and provide access to a variety of trading tools and market data, making it a suitable choice for both novice and experienced traders.
HKEX fees are reasonable, although some traders may find them for certain assets to be higher compared to other brokers. However, the lack of negative balance protection may be a concern for some traders.
The company offers reliable and responsive customer support as well as a comprehensive range of educational materials for traders to improve their knowledge and skills. However, we suggest that you conduct your own research before deciding to register with HKEX to make sure it meets your needs and preferences.
Based on Our findings and Financial Expert Opinions HKEX is Good for:
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Is HKEXCHAN part of your group? I have tried to withdraw funds and they are wanting taxes paid to do so. I want to verify the legitimacy of this account. I received an email from HKEX Global Cryptocurrency Exchange U.S. The legal name is Hong Kong Exchange and Clearing Limited.