We found 11 online brokers that are appropriate for Trading Hong Kong Forex Investment Platforms.
This article will discuss Forex Hong Kong, the HKSFC and regulated brokers, the details and factors to consider while selecting one of the best Forex brokers in the country.
HKSFC is an abbreviation of the Hong Kong Securities and Futures Commission. It is an independent regulatory authority in the country and was established in 1989, following the great crash of the stock market in 1987, also referred to as Black Money. The global stock markets crashed, losing truckloads of value within a short period.
The global crash was initiated in Hong Kong. The crash was intense and gradually spread to Europe and, after that, to the United States. It reached New Zealand and Australia a day later due to differences in the time zone. Hence, it is termed Black Tuesday.
The UK market shed value by about 26.45 per cent. The drop was 41.8 per cent in Australia. In Hong Kong, the country of origin, the fall was 45.5 per cent.
About ten years later, the Asian markets were hit by a financial crisis, and this further led to the regulatory framework improvements.
The Asian financial crisis originated with the collapse of the Thai Baht. The government floated the currency due to a shortage in foreign currency to support pegging to the USD. As the foreign debt burden was more, the move failed to obtain a positive result.
Speculative pressure affected Hong Kong due to the high inflation rate, and the Hong Kong government used over $1 billion to defend its currency. Favourably, the country had over $80 billion foreign reserves, and pegging of Hong Kong dollar to the USD was easy.
The world witnessed a serious financial crisis in 2008, and this led many countries to introduce tight regulatory authorities. The HKSFC is a member of the IOSC (International Organisation of Securities Commissions), which plays important roles to make improvements worldwide.
The HKSFC is responsible for establishing market regulations as well as ensuring these are enforced. It investigates breaking of rules and misconduct cases. It issues licenses and enhances the market infrastructure. It supervises market operators and oversees the regulations for takeovers and mergers of companies.
The HKSFC acts as a watchdog in listing companies on the Stock Exchange of Hong Kong Ltd. It helps overseas regulatory authorities and assists traders.
A broker operating in the country needs to acquire a license from the HKSFC, and it needs to satisfy the authority with fitness and proper service procedures. Broking houses also need to satisfy the capital requirements as set by the authority.
Traders can file complaints against any broker with the HKSFC, and these include dissatisfaction with the service or suspect market misconduct. The authority may penalise the broker if the wrongdoing is confirmed in investigations. Disciplinary action can be taken against the broker. However, it is important to note that the authority cannot act as a legal advisor.
It is always suggested to only deal with HKSFC regulated broker, and this can be checked from the authority's website. Moreover, regulated brokers display their license numbers on their respective websites. It is always a better idea to cross-check the license number on the official website of HKSFC.
Hong Kong was responsible for the global stock market crash in 1987. The crisis is commonly called Black Money. Following the sharp drop in the market, the country introduced a couple of reforms regarding financial aspects and today, and it is one of the best markets in Asia to invest in.
In this article titled Forex Hong Kong, we talked about some of the significant issues of the country's financial market and how it revived from a great recession. We also discussed, in brief, the role of HKSFC, the commission that oversees the brokers, exchanges, listings and several more aspects. The regulatory authority plays an essential role in the smooth functioning of the Forex market in the country.
However, beginners and novice traders are advised to constantly deal with regulated brokers in Hong Kong as it is easier to track any wrongdoing on their part. It is also suggested to acquire sound knowledge about Forex trading before initiating the first trade. It is better to start with a demo account than a virtual fund, and no real money is involved. A demo account offers real exposure to the market without running the risk of losing money.
We have conducted extensive research and analysis on over multiple data points on Forex Hong Kong to present you with a comprehensive guide that can help you find the most suitable Forex Hong Kong. Below we shortlist what we think are the best Hong Kong Forex Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Hong Kong.
Selecting a reliable and reputable online Hong Kong Forex Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Hong Kong Forex Investment Platforms more confidently.
Selecting the right online Hong Kong Forex Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Hong Kong Forex Investment Platforms trading, it's essential to compare the different options available to you. Our Hong Kong Forex Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Hong Kong Forex Investment Platforms broker that best suits your needs and preferences for Hong Kong Forex Investment Platforms. Our Hong Kong Forex Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Hong Kong Forex Investment Platforms.
Compare Hong Kong Forex Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Hong Kong Forex Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Hong Kong Forex Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Hong Kong Forex Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Hong Kong Forex Investment Platforms that accept Hong Kong Forex Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | NordFX | EasyMarkets | SpreadEx |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 1 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 10,000+ | 142,500+ | 10,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
NordFX Demo |
easyMarkets Demo |
SpreadEx Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR |
You can compare Hong Kong Forex Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Hong Kong Forex Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Hong Kong Forex Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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