We found 11 online brokers that are appropriate for Trading Hong Kong Dollar Investment Platforms.
The main reason that the Hong Kong government chose to adopt a different economic unit from that of its mainland neighbor, the People's Republic of China, is that China is and has been a major trading partner of Hong Kong. As of today, it accounts for almost a third of the value of Hong Kong's trade with the rest of the world. As trade continues between them, the importance of this relationship will continue to grow and strengthen.
As Hong Kong is a semi-autonomous region within China, it enjoys many advantages that its currency exchanges offer foreign traders. These advantages include the implementation of a free trade area encompassing more than sixty percent of the economy, liberalizing foreign direct investment (FDI), liberalizing trade in information technology, reducing trade and finance tariffs, and establishing an international anti-corruption system to combat official corruption. The central bank also intervenes periodically in the market to support the values of the two currencies. To this end, the central bank compensates for any losses through direct and indirect foreign exchange rate adjustments.
Due to the large number of small denomination bills and coins in circulation in Hong Kong, the value of the currency can change rapidly as a result of individual transactions. The large number of these small denomination bills and coins means that they can act as a pricing mechanism. When the price of a local currency rises so does the Hong Kong dollar, but when the dollar decreases in value, the smaller sized national bills or coins gain in value.
The economic structure of Hong Kong also contributes to the variations between values. The central bank compensates for any losses through foreign exchange rate fluctuations by changing the main interest rate set by the government. The downside of this has been that a high interest rate can translate into higher debt costs for an expanding economy. On the other hand, lower interest rates have meant that imports cost less and domestic production picks up. The combination of these two forces means that the current exchange rate between the US dollar and the Hong Kong dollar is a relatively easy to understand measure of the country's economic health.
The recent economic slowdown in China has had a major impact on global markets, and the impact of a strong Hong Kong Dollar on investment is especially noteworthy. The Hang Seng Bank indicator, which tracks the stock market performance in China, notes that there are some signs that the slowed Chinese economy will pick up soon. The September quarter closed stronger than expected, and analysts expect the economy to grow by about 5% in the third quarter. Additionally, the central bank lowered its official rate on the Shanghai and Beijing bases last week, signaling a willingness to loosen monetary policy. If these factors are repeated over the next six months, the impact of a strong Hong Kong dollar could decrease somewhat.
While the impact of a strong Hong Kong dollar on investment is less dramatic now than it has been during the past two decades, it is still a negative impact. In the past, many multinational corporations have moved their money and manufacturing to the Chinese mainland, reducing costs by paying lower wages. However, the slowdown in China's economy means that many of the companies that have moved their factories offshore will have to do so again over the next few years. This means that the workers of those companies will be greatly affected, and this could push wages down further.
For Hong Kong investors who are looking to participate in the global finance sector, this has two main effects. First, there will be a continuation of the current trend of lower investment rates. Second, the current depreciation will result in more trade deficit and an increase in import costs. As a result, Hong Kong's trading partners will start to feel the effect of the strong American dollar and Singaporean dollar on their exports. Over the course of the next two weeks, the trade deficit will reach US $50 billion, which is much higher than the current value.
The impact of a strong Hong Kong dollar on China's economy is enormous. China is one of the biggest consumers of commodities and its economy relies heavily on the services and products that it gets from other countries. In fact, China is also now the world's largest manufacturer of goods that consume raw materials like coal, crude oil, crude gas, and petroleum. For this reason, the annual import bill has been a headache for many Western nations, especially the ones who export most of their goods to China.
If you think about the current economic situation, there are many indicators that speak of a slowdown as well as some that even forecast a new global recession. There is a fear that China will start to slow down its economy again. This fear has created a large gap between trading partners, especially the US, which has the biggest stake in the current trade situation. The US has started taking preventative measures to guard against the impact of weakening Chinese currency. Some economic indicators have shown that the US is already being affected by the current downfall of the Chinese economy.
A major reason why the Chinese trade surplus has been reduced is the strengthening of the US dollar. The current weakening of the Chinese currency is equivalent to a US dollar trade deficit reduction. Moreover, this means that the US government is losing money due to the current trade deficit.
There are many theories about the impact of strong or weak currency on an economy. However, a simple economic fact can explain this issue quite clearly. When you go for an outbound trip, you will need foreign currency. If you travel to European countries, the price of the currency will be lower than it would be in the US. If you go for a business trip, you might even get the option of paying a lower cost for the purchase of the asset in the foreign country. Thus, the flow of funds to a country increases and so does the foreign investment, which are essential for economic development.
We have conducted extensive research and analysis on over multiple data points on Strong Hong Kong Dollar to present you with a comprehensive guide that can help you find the most suitable Strong Hong Kong Dollar. Below we shortlist what we think are the best Hong Kong Dollar Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Strong Hong Kong Dollar.
Selecting a reliable and reputable online Hong Kong Dollar 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 Dollar Investment Platforms more confidently.
Selecting the right online Hong Kong Dollar 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 Dollar Investment Platforms trading, it's essential to compare the different options available to you. Our Hong Kong Dollar 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 Dollar Investment Platforms broker that best suits your needs and preferences for Hong Kong Dollar Investment Platforms. Our Hong Kong Dollar Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Hong Kong Dollar Investment Platforms.
Compare Hong Kong Dollar Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Hong Kong Dollar Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Hong Kong Dollar Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Hong Kong Dollar 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 Dollar Investment Platforms that accept Hong Kong Dollar Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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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), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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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+ | 142,500+ | 10,000+ | 1,866,000+ |
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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, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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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 | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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, 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 |
You can compare Hong Kong Dollar 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 Dollar Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Hong Kong Dollar Investment Platforms below.
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