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Forex Brokers in Hong Kong
Hong Kong is one of the major strongholds of investments and financial centers of Asia, which holds an important and truly necessary role in the Forex industry and the economy itself too.
Forex Trading Platform in Hong Kong
In Hong Kong, forex trading is a legal and regulated. As such, choosing the right broker with an appropriate trading platform that caters to your needs can be essential for successful and profitable trades. Ensure you select one who is reputable and reliable in order to guarantee optimal results, also see our finds below:
- For the last few years, the region has seen a significant increase in brokers’ representative offices that establish HK branches. That happened due to Hong Kong’s status as a liberal offshore center along with its increasing Asia operations that in reverse attract many Forex companies and foreign investment firms.
- Yet, the majority of global companies opening their offices in HK with the goal to cover the important financial area while headquarters are based elsewhere.
- In order to operate in Hong Kong brokers have to be authorized by the Hong Kong Securities and Futures Commission (SFC), also supervised by the Monetary Authority of Hong Kong.
Hong Kong Trading Pros | Hong Kong Trading Cons |
---|---|
Highly regulated | Many offshore and scam brokers attract Hong Kong residents |
Good Client Protection | Not many SFC regulated brokers |
Stringent Compliance | |
Opportunity to use different trading strategies | |
No restrictions on instruments |
Hong Kong Forex Regulation
Forex is a regulated activity in Hong Kong, while Top Forex Brokers should obtain a necessary license before it starts operation. The responsible body for Forex trading regulation and licensing of Hong Kong Forex Brokers is provided by the Hong Kong Securities and Futures Commission (SFC), also supervised by the Monetary Authority of Hong Kong.
Check SFC Website: www.sfc.hk , also you can see the official Facebook page to get the most recent updates @sfchkofficial
- SFC is among the strictest world authorities, which requires quite high capital, and applies sharp control and protection systems that ensure business conduct within the framework. These also cover education, protective controls, and an established compensation fund that covers up to 150,000$ per investor in case of the Broker’s insolvency. Read more about SFC via Wikipedia
- However, there are a vast of unscrupulous Brokers that target local residents and further false the legitimate status of HK-authorized firms, therefore traders should always check on the official SFC source to verify any claims.
Top 5 Best Forex Broker Hong Kong
Below we compiled a list of the Best Reviewed Brokers in Hong Kong, also created according to the specified criteria and its Trust Scores. Even though, there aren’t many Hong-Kong-based brokers due to regulation mostly many international brokers can accept Traders from Hong Kong.
- HFM – Best for Scalping and EA Trading 2024
- BlackBull Markets – Lowest Spread Broker in Hong Kong 2024
- FP Markets – Best MT4 Broker in Hong Kong 2024
- Eightcap – Best Broker for Beginners in Hong Kong 2024
- BDSwiss – Best Overall Broker in Hong Kong 2024
How to start Forex Trading in Hong Kong?
First traders should select a broker in order to engage in trading, it is best to choose only among reliable firms, also suitable for beginners since they provide education and support materials.
Forex Brokers in Hong Kong List
These are the Regulated brokers that either serve Hong Kong branches or accept clients from Hong Kong:
Broker | Detail | |
---|---|---|
InstaForex |
Min. Deposit: 0 $ Max. Leverage: 1:1000 Trading Platforms: MT4, MT5, InstaForex WebTrader, MobileTrader Regulation: FSC BVI |
InstaForex Review |
Exness |
Min. Deposit: 10 US$ Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA |
Exness Review |
Saxo Bank |
Min. Deposit: $5,000 Max. Leverage: 1:30 Trading Platforms: SaxoTraderGo, SaxoTraderPRO Regulation: DFSA, FCA, ASIC, CBUAE, JFSA, MAS, SFC |
Saxo Bank Review |
Traders Trust |
Min. Deposit: €50 Max. Leverage: 1:30 | 1:3000 Trading Platforms: MT4 Regulation: CySEC, FSA |
Traders Trust Review |
JustMarkets |
Min. Deposit: $10 Max. Leverage: 1:30 | 1:3000 Trading Platforms: MT4, MT5 Regulation: FSCA, CySEC, FSA, FSC |
JustMarkets Review |
Fxview |
Min. Deposit: $50 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, ActTrader, ZuluTrade Regulation: CySEC, FSCA, FSC, SEBI |
Fxview Review |
Trive Invest | GKInvest |
Min. Deposit: $50 Max. Leverage: 1:30 | 1:400 Trading Platforms: MT5 Regulation: BAPPEBTI, FCA, ASIC, MFSA, FSCA, FSC |
Trive Invest | GKInvest Review |
HYCM |
Min. Deposit: $20 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4, MT5, HYCM Trader Regulation: FCA, CySEC, DFSA, CIMA |
HYCM Review |
Eurotrader |
Min. Deposit: $50 Max. Leverage: 1:30 | 1:1000 Trading Platforms: MT4, MT5 Regulation: CySEC, FCA, FSCA, FSC, FSA |
Eurotrader Review |
OCBC Securities |
Min. Deposit: $1,000 Max. Leverage: 1:20 Trading Platforms: iOCBC Proprietary Trading Platforms Regulation: MAS |
OCBC Securities Review |
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