Forex Brokers in Hong Kong
Hong Kong is one of the biggest and 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.
For the last years, the region has seen a significant increase in brokers’ representative offices that establish HK branches. That happened due to Hong Kong status of a liberal offshore center along with its increasing Asia operations that in reverse attracts many Forex companies and foreign investment firms.
Yet, the majority of the global companies opening their offices in HK with the goal to cover the important financial area while headquarters based elsewhere.
Forex Regulation in Hong Kong
Yes, Forex is a regulated activity in Hong Kong, while 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 was another important step towards industry growth and is provided by the Hong Kong Securities and Futures Commission (SFC), also supervised by the Monetary Authority of Hong Kong.
SFC Website: www.sfc.hk , also you can see the official Facebook page to get the most recent updates @sfchkofficial
In fact, the SFC is among the strictest world authorities, which requires a quite high maintain performance, as well as apply sharp control and protection systems that ensure business conduction within the framework. These also covering 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 vast of unscrupulous Brokers that target local residence and further while false its legitimate status of HK authorized firm, therefore traders should always check on the official SFC source to verify any claims.
Best Forex Brokers in Hong Kong
Of course for safety reasons we would recommend choosing only among SFC regulated brokers in order to get extra layer of protection. While below you will find a listing of the Best Reviewed Brokers selected under the specified criteria and Trust Scores.
- FXTM – Best Overall Broker in Hong Kong 2020
- LMAX – Lowest Spread Broker in Hong Kong 2020
- FXCM – Best MT4 Broker in Hong Kong 2020
- Saxo Bank– Best Broker for Beginners in Hong Kong 2020
- Rakuten– Best for Scalping and EA Trading 2020
Hong Kong Forex Brokers List
These are the regulated brokers that accept clients from Hong Kong:
| Broker | Detail | |
|---|---|---|
 eToro | Min. Deposit: US$200 Max. Leverage: 1:30 Trading Platforms: eToro Platform Regulation: CySEC,FCA, ASIC | eToro Review |
 AvaTrade | Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:400 Trading Platforms: MT4, AvatradeGo Regulation: Bank of Ireland, ASIC, JFSA, FSCA | AvaTrade Review |
 Sucden Financial | Min. Deposit: 0 US$ Max. Leverage: 1:30 Trading Platforms: API Solutions, STAR, TT, CQG, Patsystems, smartTrade, Integral, Currenex Regulation: FCA, NFA, SFC | Sucden Financial Review |
 HYCM | Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: FCA, CySEC, DFSA, CIMA, FSC | HYCM Review |
 Rakuten Securities | Min. Deposit: 50 US$ Max. Leverage: 1:400 Trading Platforms: MT4, Rakuten FX, ZuluTrade Regulation: ASIC, SFC | Rakuten Securities Review |
 Saxo Bank | Min. Deposit: 10,000 US$ Max. Leverage: 1:30 | 1:100 Trading Platforms: SaxoTraderGo, SaxoTraderPRO Regulation: Danish FSA, ASIC, JFSA, MAS, FCA, FSC | Saxo Bank Review |
 Swissquote | Min. Deposit: 1,000 US$ Max. Leverage: 1:100 | 1:30 Trading Platforms: eTrader, Swiss DOTS Regulation: FINMA, FCA, MFSA, SFC, DFSA | Swissquote Review |
 Dukascopy | Min. Deposit: 1,000 US$ Max. Leverage: 1:30 Trading Platforms: JForex, MT4 Regulation: FINMA | Dukascopy Review |
 Interactive Brokers | Min. Deposit: 2000 US$ Max. Leverage: 1:40 Trading Platforms: TWS, IB WebTrader Regulation: US SEC & CFTC, ASIC, FCA | Interactive Brokers Review |
 One Financial Markets | Min. Deposit: 250 US$ Max. Leverage: 1:30 Trading Platforms: ONE MT4 Regulation: FCA, DIFC, FSCA | One Financial Markets Review |