We found 11 online brokers that are appropriate for Trading Hong Kong Investment Platforms.
The economy of Hong Kong is oriented towards the services sector. That's why it suffered a lot when COVID-19 first appeared in 2020. The economic conditions got so worse that Hong Kong's GDP contracted with a sudden rise in unemployment. Negative growth of such a scale was not seen in the last 60 years.
The only thing that could put Hong Kong's economy back on track is the effective vaccination of the population. For long-term growth, eradicating COVID-19 is a must as without it, no amount of fiscal stimulus is going to help.
For the short term, the most recent 5-year plan will bring rapid growth to the economy. Experts believe that this 14th '5-year plan' will help the GDP to turn from negative to positive in 2021. By 2021, IMF (international monetary fund) expects the GDP to rise by 5%. The unemployment rate may also reach the pre-pandemic levels provided the pandemic situation improves.
Even before COVID-19, Hong Kong economy was already under pressure from various negative factors such as:
All these factors resulted in negative growth during the Year 2019. At that time, COVID-19 was not present at all. The year 2019 was the first time that the economy contracted instead of a healthy expansion.
In the year 2020, things got worse for the economy as COVID-19 also got involved among the list of already present risk factors. Let's take a look at the important highlights of 2020 for Hong Kong's economy:
The negative growth of 2019 was further fueled by pandemic, which plunged Hong Kong's economy into recession. At that time, no effective vaccine was present which forced many countries to impose strict social distancing rules and countrywide lockdowns. These measures appeared to be a double-edged sword... They helped to contain the spread of novel coronavirus but also damaged the economic activities.
The combined Gross Domestic World of all countries declined by 4.4% in 2020. Such an economic decline was not seen since World War II, according to IMF.
Hong Kong is considered an open economy and as such, it relies on both the domestic market as well as other countries. With a decline in the services sector and slowing global growth, Hong Kong GDP also registered negative growth of 9% in 2020. The decline of -9% in the GDP was the greatest decline ever recorded. To put things into perspective, economic contraction during the financial crisis was only 2.5%.
With no tourism, business closures, and decline in the services sector, resulted in depressed private consumption and investments. The SAR government had no choice but to close non-essential businesses such as restaurants and entertainment-focused places. These restrictions ultimately led to negative growth of 11% in consumption (In the first 3 quarters of 2020).
Quarantine measures meant that only a limited amount of people could enter into stores. On top of that, only limited businesses were allowed to operate. All of this led to a sharp decline in retail sales. In the Q1, Q2, and Q3 of 2020, retail sales were down by 27%.
To stop the economy from going into a deeper recession, the SAR government announced a stimulus package worth 300 billion Hong Kong Dollars (HK$).
Unemployment is also on the rise as most businesses and industries are already in recession. How new jobs can be created when the GDP is in a decline? Instead of job creation, people actually lose their jobs. This is what's happening in Hong Kong as the unemployment rate reached 6.3% in the year 2020.
Based on IMF data, the number of workers who lost their jobs from the pandemic is more than 240,000. When we look at the 2019 numbers, it becomes clear that the unemployment rate more than doubled in 2020.
The three sectors which witnessed more severe unemployment rates are food, hotels, transport, and retail. On an estimate, around 10% of workers lost their jobs from these sectors.
A closer look at the data shows that the rate of jobless is high in low-income groups as compared to the high-income groups. High-end jobs such as managers, professionals, and admins only recorded around 2.9% unemployment rate.
The workers who are categorized in the low-income groups usually work part-time jobs. With quarantine restrictions, these workers were not able to go to work & working from home was also not possible.
Hong Kong is considered a special administrative unit of China and as such, enjoys good trade relations with mainland China.
China was the first country that successfully contained the COVID-19. After containing the virus, economic activities started in China which ultimately helped the merchandise trade of Hong Kong too.
Any strong economic growth directly correlated to the strong economy of Hong Kong as it is a big trade partner of China.
SAR government data shows positive growth of merchandise trade with exports increased by 3.9% in 2020.
We have conducted extensive research and analysis on over multiple data points on Hong Kong Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Hong Kong Economic Forecast. Below we shortlist what we think are the best Hong Kong Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Hong Kong Economic Forecast.
Selecting a reliable and reputable online Hong Kong 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 Investment Platforms more confidently.
Selecting the right online Hong Kong 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 Investment Platforms trading, it's essential to compare the different options available to you. Our Hong Kong 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 Investment Platforms broker that best suits your needs and preferences for Hong Kong Investment Platforms. Our Hong Kong Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Hong Kong Investment Platforms.
Compare Hong Kong Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Hong Kong Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Hong Kong Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Hong Kong 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 Investment Platforms that accept Hong Kong Investment Platforms clients.
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IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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ThinkMarkets
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FXPrimus
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | 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 | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (190941), Gambling Commission (Great Britain) (8835) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 25 | No minimum deposit | 100 | 50 | 15 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 200,000+ | 250,000+ | 60,000+ | 7,800,000+ | 450,000+ | 300,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | Web, Mobile Apps, iOS (App Store), Android (Google Play), iPad App, iPhone App, TradingView | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
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Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with fpmarkets |
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Up with easymarkets |
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Up with spreadex |
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Up with fxpro |
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Up with thinkmarkets |
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Up with fxprimus |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 80% 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. 74.12% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | Losses can exceed deposits | Your capital is at risk | 65% of retail CFD accounts lose money | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
ThinkMarkets Demo |
FXPrimus 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 | 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 | US, JP, NZ | 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 | US, CA, IR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Hong Kong 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 Investment Platforms for 2025 article further below. You can see it now by clicking here
We have listed top Hong Kong Investment Platforms below.