We found 11 online brokers that are appropriate for Trading Hong Kong Dollar Investment Platforms.
Back in 2020, the Hong Kong dollar unexpectedly became vulnerable after a peak performance when compared to previous years. The unexpected weakening recorded the lowest drop since Q3 2020. The anti-democracy policy imposed by Beijing hit the HKD exchange rate hard. Political tension among parties drove HKD dropping and escalated US-China tensions has only worsened the case. The unexpected decline attracted traders to watch the developments closely.
The rapid depreciation of HKD in 1983, renowned as the Black Saturday Crisis was the point where the pegging was introduced. As the currency faced extended drops and reached its all-time low, holders sold their HKD. At that time, even stores refused HKD payment and started quoting prices and accepted USD. That's was the moment that British and Chinese negotiations started about Hong Kong's return to the rule of Beijing.
Hong Kong introduced the HKD as an effort to inspire confidence among individuals. At that time, the Hong Kong dollar was pegged to the USD in order to maintain the stability of the currency. During that time the Hong Kong Monetary Authority (HKMA) would buy HKD holdings in banks as the capital outflow drove a devaluation of the currency. That way, the banking liquidity could be reduced which would drive the interest rates up until the point where it could boost inflow or attract money back.
Hong Kong dollar is stronger when the city has a lower exchange rate number where you need fewer HKD to buy one USD. The Weaker Hong dollar is when it has a higher exchange rate number that makes you need more HKD to buy one USD. HKMA holds a war chest valued around HKD 4 trillion in the Exchange Fund that backs the Hong Kong dollar. The enormous foreign exchange reserves are able to defend the currency which makes the pegging strategy applicable for the city.
In the peg system, HKMA manages the benchmark of interest rates against the US Federal Reserve's rate dynamics. At this point, HKMA is more dependent on responding to economic changes with their monetary policies. However, the peg system isn't a one-night decision as, in fact, it's a long-term monetary principle that has been embraced for decades. It's a fundamental aspect of Hong Kong's monetary system.
According to HKMA, the fixed exchange rate brought by the peg system allows money inflow and outflow. It's considered the best setup for a city with autonomy like Hong Kong. In fact, the economy of Hong Kong has been surviving due to the peg for the last 38 years. The city's financial system is strongly determined by the highly fluctuating exchange rates and interest rates driven by major economies' monetary policy changes. The peg allows Hong Kong, through HKMA, to control their monetary policy in that very situation. That's how we can recognise controlled strong and weak HKD and how it would be impossible without the peg.
Speaking of the history of the peg in Hong Kong, it was truly a savior of the country during the Black Saturday crisis back in 1983. It saved the city from a devastating financial fall when confidence in the city's currency was at an all-time low. Since then, the peg has been providing a stable exchange rate exposure to the Hong Kong dollar. This exposure allows Hong Kong to develop into the global financial hub as we see it today.
While pegging might not be familiar in major countries as a monetary approach, it's best suited for cities with autonomy like Hong Kong. It not only saved the city from total financial destruction three decades ago but it turns out to be the best monetary approach for a city with a unique status like Hong Kong. The city has been coming out strong with the peg even throughout hard times since it's introduced in 1983. Four years later when the stock market crashed in 1987, the city could withstand the peg. Hong Kong could survive the Asian financial crisis in 1998 and the SARS outbreak in 2003 with the peg. That makes it less shocking when the pegged Hong Kong financial system got through the 2008 global financial crisis.
That's how the Hong Kong dollar remained resilient in the Q1-Q2 2020 when the global pandemic hit the economy hard, even though HKD finally got shaky when entering Q4. The weak HKD lasted for about four months, which indicated low concern about the devaluation. In order to keep the currency from strengthening, 6.3 billion USDs worth of HKD was used to keep it within the threshold or trading band.
We have conducted extensive research and analysis on over multiple data points on Weak Hong Kong Dollar to present you with a comprehensive guide that can help you find the most suitable Weak 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 Weak 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.
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IC Markets
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Roboforex
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eToro
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XM
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XTB
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AvaTrade
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Pepperstone
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Trading212
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FP Markets
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EasyMarkets
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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 (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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) | 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 | 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 | Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | 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 | 50 | 5 | No minimum deposit | 100 | 200 | 1 | 100 | 100 | 1 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 3,500,000+ | 581,000+ | 300,000+ | 400,000+ | 15,000,000+ | 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, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with trading212 |
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Up with spreadex |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.33% 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. | 81% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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 | Your capital is at risk | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XM Demo |
XTB Demo |
AvaTrade Demo |
Pepperstone Demo |
Trading 212 Demo |
FP Markets 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, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, IL, KR, IR, MM, CU, SD, SY | US, IN, PK, BD, NG , ID, BE, AU | BE, BR, KP, NZ, TR, US, CA, SG | AF, AS, AQ, AR, 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, UY, VU, VG, EH, ES, YE, ZW, ET | US, CA | 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 |
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 2023 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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Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.