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5 Best Forex Brokers in Hong Kong for 2024

Looking for the top forex broker in Hong Kong? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: Mar 6, 2024

List of Top Forex Brokers in Hong Kong

Order execution speeds under 40 milliseconds. Choice of tradable instruments. VPS hosting for automated trading. Sophisticated trading analyses.

Low spreads and commissions. Fast order execution under 40 milliseconds.Tight stop-out levels and high maximum leverage. Suitable for all trading strategies.

Extensive educational content. Competitive trading fees. Robust platform powered by the seamless TradingView. Ultra-fast order execution.

Several Tier-1 regulations. More than 840 instruments. Options trading. Versatile platforms selection.

Professional-grade charting. Multilayered protection for professional traders. Affordable trading fees. 8,000+ trading instruments.

Forex Trading Landscape in Hong Kong

Forex trading in Hong Kong is governed by the Securities and Futures Commission (SFC), which ensures the stability of capital markets and monitors financial securities and derivative instruments. Traders in Hong Kong have the option to choose between brokers regulated by the SFC or those under international regulatory bodies. When selecting a broker, it’s essential to consider safety features like segregated funds, negative balance protection, and participation in a compensation scheme.

While the SFC does not require brokers to offer negative balance protection, it does contribute to the Investor Compensation Fund (ICF), insuring retail traders up to HKD 500,000. Additionally, the SFC has set a cap on retail leverage at 1:20, a measure aimed at mitigating trading risks.

How Did FX Empire Select the Best Forex Brokers in Hong Kong?

FXEmpire's Methodology

  • Safety and Transparency. We selected brokers that adhere to the strictest safety requirements in the industry and are regulated by the Hong Kong SFC or abroad.
  • Hong Kong Client Accessibility. Each of our picks accepts traders from Hong Kong.
  • HKD Base Currency Options. Our picks offer the Hong Kong Dollar as a base currency.
  • Localized Resources. For the convenience of Hong Kong traders, we only considered brokers that must have at least one of the following: a website, platform, or customer support available in Chinese.
  • Instruments from Asian Markets. Due to the vast discrepancy between the Asian and European/US trading sessions, we chose brokers with a decent offering of instruments from Asian markets, with a higher preference for instruments from the Hong Kong Stock Exchange.
  • Low Trading Fees. We evaluated the spreads and commissions charged by brokers and selected those whose trading fees meet or fall below the industry average.
  • Intuitive and Feature-Rich Platforms. We selected brokers offering user-friendly platforms with a range of trading tools that cater to both beginners and experienced traders.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s dive into the selected brokers.

Best Overall

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
  • Tradable Instruments
  • Fees

FP Markets is one of the most thoroughly well-balanced brokers I reviewed. Founded in 2005 and headquartered in Sydney, Australia, FP Markets is a forex and CFD broker offering access to over 800 instruments across multiple markets. It holds several top-tier regulations, including ASIC and CySEC, and adheres to some of the most stringent safety requirements in the industry.

Regional Features:

  • Entity for Hong Kong Traders: First Prudential Markets Limited, regulated by FSA (Seychelles)
  • Maximum Leverage: 1:500
  • Instruments from the Hong Kong Stock Exchange: 105
  • Website, Customer Support, and Platforms in Chinese: Yes
  • HKD as Base Currency: Yes
  • HKD Among FX Pairs to Trade: USDHKD

FP Markets stands out for its deep liquidity and fast order execution, averaging speeds under 40 milliseconds, which I consider beneficial for high-frequency trading and minimizing negative slippage risk. I was also impressed by the broker’s diverse range of assets, including high-yield share CFDs and lower-risk securities like ETFs and bonds, with over 100 share CFDs from the Hong Kong exchange, catering well to local traders.

I tested the competitiveness of an FP Markets ECN trading account which features competitive pricing with raw spreads from 0.0 pips and a $6 commission per lot, generally below the industry average. While the platforms MetaTrader 4&5 are user-friendly, they lack in advanced technical analysis capabilities. To compensate this, FP Markets integrates third-party tools for detailed market analysis.

Traders also can benefit from daily market insights by Autochartist and Myfxbook, leading providers of trading signals and market analysis. Additionally, FP Markets gives access to VPS hosting for automated trading.

  • Top-tier licensing
  • Below-average commissions
  • Fast order execution
  • Diverse supporting tools
  • Wide range of trading instruments
  • No proprietary platform

Best Low Spreads

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
  • Tradable Instruments
  • Fees

IC Markets is the type of broker that offers maximum service value at considerably low trading fees. The Australia-based broker was established in 2007 and offers more than 2,200 tradable instruments across all major asset classes.

Regional Features:

  • Entity for Hong Kong Traders: Raw Trading Ltd, regulated by FSA (Seychelles)
  • Maximum Leverage: 1:500
  • Website, Customer Support, and Platforms in Chinese: Yes
  • HKD as Base Currency: Yes
  • HKD Among FX Pairs to Trade: USDHKD, EURHKD

I checked IC Markets’ trading fees on a Raw cTrader account. It offers raw spreads starting from 0.0 pips and a $6 round-turn commission per 1 lot (100,000 units). I conducted my tests by executing a full-sized EURUSD position, which cost me $7 (0.1 pips x $10 pip value + $6 commission). This falls below the industry average of $10.

The broker incorporates MetaTrader 4&5 and the superior cTrader platforms. I prefer the latter because it is more versatile and makes examining price action behavior easier. Additionally, the cTrader platform includes a greater number of features for copy and automated trading, which beginners and advanced traders alike can exploit.

With an average execution speed of under 40 milliseconds, a choice of versatile platforms, and, of course, low trading fees, I concluded that IC Markets is equally well suited for high-frequency trading in the short-term and longer-term day/position trading.

I also determined that IC Markets is equally suited for risk-takers with its maximum retail leverage of 1:500 and more conservative traders due to its tight stop-out levels set at 50%.

  • Low trading costs
  • Platform with robust charting capabilities
  • Fast order execution
  • Suitable for all kinds of strategies
  • No negative balance protection

Best for Beginners

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • Min Deposit
  • Tradable Instruments
  • Fees
    Medium is a Cyprus-based broker that was founded in 2016. It offers competitive trading fees, accessible accounts, and a wide range of over 3,000 instruments, including 140 share CFDs from the Hong Kong exchange. I was also impressed by the vast amount of currency pairs containing the HKD.

Regional Features:

  • Entity for Hong Kong Traders: Capital Com Online Investments Ltd, regulated by SCB (The Bahamas)
  • Maximum Leverage: 1:200
  • Instruments From the Hong Kong Stock Exchange: 140
  • Website, Customer Support, and Platforms in Chinese: Yes
  • HKD Among FX Pairs to Trade: AUDHKD, CADHKD, CHFHKD, NZDHKD, EURHKD, SGDHKD is, hands down, the best broker for beginners I have reviewed. This is largely due to its comprehensive educational materials, coupled with a user-friendly proprietary platform and the Investmate mobile app, specifically designed for educational purposes.

The platform has an intuitive design and is powered by TradingView, boasting advanced charting capabilities suitable for technical analysis. This web platform facilitates easy examination of price action and order placement. Additionally, offers extensive solutions for copy and automated trading.

In my testing of a CFDs Leveraged account, which features commission-free trading and floating spreads starting from 0.6 pips, I found that’s trading fees generally fall below the industry average.

  • Multiple top-tier regulations
  • Robust platform with advanced charting capabilities
  • Extensive educational materials
  • A range of supporting content
  • Unreliable customer support

Best Trading Platform Selection

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
  • Tradable Instruments
  • Fees

AvaTrade was founded in 2006 and is headquartered in Ireland. The broker stands out with its multiple Tier-1 regulations and an extensive array of tradable instruments. But where it truly shines is with regards to its wide range of versatile trading platforms.

Regional Features:

  • Entity for Hong Kong Traders: Ava Trade Markets Ltd, regulated by the British Virgin Islands Financial Services Commission (BVI FSC)
  • Maximum Leverage: 1:400
  • Website, Customer Support, and Platforms in Chinese: Yes

AvaTrade has developed its feature-rich web trader platform with advanced charting capabilities for carrying out probing technical analyses. There is also AvaOptions, which was specifically developed to accommodate the needs of vanilla options trading. The broker has also developed AvaSocial and incorporated Dupli Trade for copy and social trading.

For those interested in more conventional trading software, AvaTrade has incorporated the renowned MetaTrader 4 and 5. The two afford easy order execution and automated trading via their Expert Advisors (EAs) feature. Furthermore, MetaTrader boasts over 50 analytical tools and chart configurations.

I also assessed the competitiveness of AvaTrade’s costs by opening a Standard trading account. It features commission-free trading and floating spreads from 0.9 pips. My tests indicate that AvaTrade’s fees, as a whole, fall marginally below the industry average.

  • Sophisticated platforms
  • Tightly regulated
  • Vast instruments selection
  • Options trading
  • High inactivity fee

Best for Professional Traders

Your capital is at risk. Spreadbetting only available in UK.
  • Min Deposit
  • Tradable Instruments
  • Fees

OANDA is one of the biggest brand names in the trading industry. Since its establishment in 1996, the US broker has become a symbol of reliability and proficiency. It serves traders globally and holds multiple regulations, including CFTC, ASIC, and FCA. OANDA offers multiple trading and investing opportunities across various markets. It is thus suitable for seasoned traders looking to exploit various market opportunities and better manage their market exposure.

Regional Features:

  • Entity for Hong Kong Traders: OANDA Global Markets Ltd, regulated by FSC (British Virgin Islands)
  • Maximum Leverage: 1:200
  • Website, Customer Support, and Platforms in Chinese: Yes
  • HKD as Base Currency: Yes
  • HKD Among FX Pairs to Trade: USDHKD

Traders categorized as ‘professional’ can benefit from access to over 8,000 lower-risk securities, like ETFs, and higher-yield/risk assets, like share CFDs and indices. They are also granted negative balance protection, which is quite rare for professional accounts, of up to EUR 20,000. Additionally, OANDA participates in the Investor Compensation Fund (ICF), protecting its clients against the unlikely event of insolvency.

OANDA has developed an excellent proprietary platform, which can be used for both web and desktop trading. It is powered by TradingView and has a comprehensive set of over 100 analytical tools and professional-grade charting capabilities.

I consider the platform ideal for conducting advanced technical analyses. That is so because I found scaling price action up and down exceptionally easy with OANDA’s platform. The broker also incorporates the popular MetaTrader 4.

OANDA offers floating spreads starting from 1.0 pips, meeting the industry average. The competitiveness of the broker’s fees rises with the account’s net balance.

  • Extensive range of instruments
  • Multilayered protections
  • Competitive pricing
  • Professional-grade platform
  • Withdrawal fees

How to Choose a Forex Broker in Hong Kong?

In this part, I will outline what traders need to consider when looking for a trustworthy broker in Hong Kong.

How to verify if a broker is regulated?

There are several steps you can take to verify if a broker is regulated and to identify the regulatory body overseeing it. Upon visiting a broker’s website, scroll down to the bottom of the page to find the entity’s legal name. This is where the regulatory information is usually stated. You need to look for a reference/licensing number, which you can then use to verify the entity by going to the regulator’s own website and checking its registry of authorized entities.

You also need to assess a broker’s transparency about order execution and whether it can be trusted not to manipulate price action. You need to check whether the broker has a ‘best execution policy,’ publishes regular quality execution statements, and states its average execution speed.

Read more about Best regulated forex brokers.

How to check a broker’s protection level?

To find a trustworthy partner, make sure that the broker’s entity you choose is tightly regulated and complies with most industry safety requirements.

I have broken down the most important safety mechanisms to look for in a broker below:

  • Segregation of client funds. Brokers must keep their clients’ funds in separate bank accounts from the ones used for their corporate capital. This is crucial for mitigating the risk of accounting errors.
  • Negative balance protection. Negative balance protection means that a trader’s losses cannot exceed their account balance. This protection is indispensable when trading high-risk instruments, such as Contracts for Difference (CFDs).
  • Limited market exposure. Limiting market exposure protects traders against adverse price fluctuations. That is why most top-tier regulators cap the maximum leverage allowed at 1:30, whereas less strict regulators can allow leverage as high as 1:2000.
  • Compensation scheme. Depending on the jurisdiction where a broker is situated, a compensation scheme may also protect its clients against the company’s credit risk and liabilities. For instance, brokers regulated by the Cyprus Securities and Exchange Commission (CySEC) participate in the Investor Compensation Fund (ICF). In the unlikely event of the company becoming insolvent, traders can be compensated by up to 20,000 EUR. The Financial Services Compensation Scheme (FSCS) – under The Financial Conduct Authority (FCA) in the United Kingdom – protects traders by up to 85,000 GBP.

Check out our guide on Best European regulated brokers.

Why do execution standards matter?

Execution standards are crucial in trading, as a broker’s top-tier licenses don’t always guarantee fast and precise order execution. Risks like price manipulation can occur with less reputable brokers, impacting strategies like stop-loss orders. To safeguard interests, traders should check:

  • Best Execution Policy: Legally mandated in a broker’s documents, it ensures clients receive the most favorable price quotes under current market conditions.
  • Quality Execution Statements: These detail the broker’s annual execution performance, including execution venues, trades executed with positive or negative slippage, and more.
  • Average Execution Speed Reports: Reputable brokers disclose their average execution speed, crucial for high-frequency traders to determine viable strategies.

Additionally, brokers offering Virtual Private Server (VPS) hosting typically provide enhanced order execution precision and speed. Ideally, brokers should achieve execution speeds of no more than 100 milliseconds.

Find your best broker with VPS hosting.

From my experience as a high-frequency trader, I understand the importance of quick and precise execution for strategies like scalping. Having faced price manipulation, I recognize the value of strict execution standards. Brokers with a ‘best execution policy,’ regular execution quality statements, and average execution speeds below 50 milliseconds are generally reliable in maintaining high execution standards.

How to assess if a broker’s trading fees are competitive?

Brokers often offer different account types with varied pricing mechanisms, and it’s important to choose one that suits your trading style. To illustrate, consider the differences between STP and ECN accounts:

STP accounts typically provide commission-free trading with floating spreads, while ECN accounts have fixed commissions and raw spreads (often starting from 0.1 pips). At first glance, STP accounts may seem more advantageous due to a single cost (the spread), but some brokers increase the spreads on these accounts, making them less competitive.

Read more about Best STP forex brokers and Best ECN forex brokers.

To compare the competitiveness of a broker’s ECN and STP accounts, consider a simple calculation using a common instrument like EURUSD. Assume the spread is 0.9 pips on an STP account and 0.1 pips on an ECN account, with a $6 commission for a 1 lot (100,000 units) contract. If the pip value for EURUSD is $10, calculate the cost of a trade using the formula: trade value = spread x pip value + commission. This calculation will reveal the more cost-effective account type for your trading needs.

Account Type Spread Commission Net Cost
STP 0.9 pips $0 $9
ECN 0.1 pips $6 $7

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Check out our list of Best lowest spread forex brokers.

What are the local specifics of trading in Hong Kong?

There’s a significant time discrepancy between the Asian trading session and the 2-hour window when the European and U.S. sessions overlap. During this window, trading activity typically peaks, presenting the most viable opportunities. However, this peak often occurs after 11:00 p.m. Hong Kong time, which is less than ideal for local traders who prioritize a good night’s sleep. To align better with their lifestyle, I advise traders based in Hong Kong to select a broker that offers a wide range of instruments from local markets, especially from the Hong Kong Stock Exchange.

Read more about Best offshore international forex brokers.

How to choose a trading platform?

A trading platform is your window into the market. It allows you to observe price action behavior and study potential opportunities for placing orders. Technical traders use a platform’s array of indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on to gauge the most favorable times to enter or exit the market.

The best platforms are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, etc. They are also the ones that allow you to easily scale price action up and down.

The retail industry’s most popular platforms, MetaTrader 4 and MetaTrader 5, have established themselves as benchmarks for simplicity and reliability over the years. While they offer a decent range of technical indicators and drawing tools for multi-timeframe analysis, their rugged design becomes evident when compared to newer and sleeker platforms. Although MetaTrader is suitable for beginners, those seeking more advanced trading capabilities may require a sophisticated platform.

Read more about best MT4 brokers and best MT5 brokers.

In response, some brokers have developed their own proprietary platforms, which offer convenience and additional features not found in MetaTrader. These platforms allow for instrument search by asset class, easy scaling of price action, and execution of complex box orders. Ultimately, the choice of the best platform for you boils down to a trade-off between simplicity and practicality.

Check out our dedicated guide on Best forex trading platforms.

What to Avoid When Choosing a Forex Broker in Hong Kong?

Here is a quick rundown of some of the most important things to avoid:

  • Unregulated brokers. Trading with an unregulated broker exposes you to a higher risk of fraud or unethical business practices, as they are not bound by any regulatory standards or rules. Additionally, in case of any disputes or if the broker goes bankrupt, there might be no legal recourse or compensation schemes available to recover your funds.
  • Lack of client protection. Avoid brokers that cannot ensure more than two of the following: segregated funds, negative balance protection, compensation scheme, and maximum leverage for retail traders no bigger than 1:100
  • Low execution quality. Try to avoid brokers that cannot ensure more than two of the following: best execution policy, regular quality execution statements, and average execution speed under 100 milliseconds.
  • High spreads and commissions. Sidestep brokers with floating spreads from 1.8 pips or above on STP accounts and with round-turn commissions above $7 on ECN accounts.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Often, scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

The best and easiest way to protect yourself is to make sure you work with a trustworthy and transparent broker. You can find a comprehensive list of reliable brokers by jurisdiction here.

Another important consideration is online safety. Be cautious about where you leave your personal information. Registering your details on suspicious pop-ups that promise enormous profits could lead to your contact information landing on a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. I think that nowhere is the “if something sounds too good to be true…” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with any broker.

Our Methodology

Here at FX Empire, we have pioneered a unique methodology for evaluating Over-the-counter (OTC) derivatives brokers worldwide. Our goal is to provide a comprehensive picture of a broker’s pros and cons so that our readers can make informed decisions. We understand their need to choose the best partner for their particular goals and needs.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account Types
  • Tradable Instruments
  • Platforms and Tools
  • Deposits and Withdrawals
  • Customer Support
  • Research
  • Education

We strive to be as objective as possible, which is why our rigorous examinations are devoid of any personal bias as much as possible. We review the licenses of all the subsidiaries of a broker and check the fine print in the Client Agreement. The reliability of a broker is further determined based on the regulation, fees, and general transparency of the website.

We collect essential information by opening a live account with a broker entity and testing its services in real time. We measure the spreads, swaps, and commissions on its most popular account type and compare our findings to the industry average.

We also test the functionality of the available platforms, the number and types of tradable instruments, the reliability of customer support, and the quality of the research and educational materials.

For this guide, we only considered brokers that accept clients from Hong Kong. We chose only those that comply with the strictest safety standards in the industry, ensuring they are regulated by either the Hong Kong SFC or comparable authorities abroad. We prioritized brokers that provide localized resources – websites, trading platforms, or customer support – and offer the Hong Kong Dollar as a base currency. Additionally, we focus on brokers offering a robust selection of instruments from Asian markets, especially those listed on the Hong Kong Stock Exchange.
We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Yes, forex and CFD (Contracts for Difference) trading are allowed in Hong Kong.
Securities and Futures Commission (SFC) of Hong Kong regulates local forex and CFD market ensuring that brokers and financial service providers adhere to strict regulatory standards to protect traders and investors.
Yes, no legal obstacles are preventing international traders from participating in trading with financial derivatives in Hong Kong.
I concluded that the best broker for beginners in Hong Kong is It has extensive educational materials, competitive fees, and a diverse intuitive platform.
Professional traders stand to gain the most from OANDA. It has industry-leading services, competitive fees, and multilayered protections even on its professional account.
In Hong Kong, profits from forex trading are generally not subject to tax. This is because Hong Kong does not impose capital gains tax, which in many jurisdictions would apply to profits made from forex trading. Additionally, Hong Kong's tax system is territorial, meaning only income sourced in Hong Kong is taxable. Profits from forex trading, often considered to be derived from outside Hong Kong, typically fall outside the scope of taxable income. For further information, please consult with a professional tax advisor.
SFC-regulated brokers in Hong Kong adhere to strict financial regulations, offering robust investor protections, such as the Investor Compensation Fund and stringent auditing standards. In contrast, offshore-regulated brokers may have varying levels of regulatory strictness and investor protection schemes, often lacking the rigorous oversight of the SFC.
Yes, in Hong Kong, you can trade with a broker that is regulated offshore. However, it's important to be aware that these brokers may not be subject to the same stringent regulatory standards and investor protections as those regulated by Hong Kong's Securities and Futures Commission (SFC). As a trader, you should exercise due diligence and understand the varying levels of risk involved when choosing an offshore-regulated broker.
Yes, cryptocurrency trading is permitted in Hong Kong.
In Hong Kong, you cannot trade forex without a broker. Brokers provide essential access to the forex market, trading platforms, and liquidity, making them necessary for executing forex trades.

About the Author

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.