Best Forex Brokers In Hong Kong

Following our in-depth review and ranking process, here are the best forex brokers in Hong Kong;

Best Forex Brokers In Hong Kong

  1. IC Markets
  2. Pepperstone
  3. Forex.com
  4. CMC Markets
  5. VantageFX

1. IC Markets

IC Markets

IC Markets is a global leading online broker, as well as one of the largest forex providers (by trade volume) in the world. It offers forex and CFDs on a wide variety of global markets including, stocks, commodities, indices, cryptocurrencies, bonds and futures, with over 1780+ instruments to trade.

IC Markets offers an excellent trading solution suitable for beginner and professional traders, along with adequate support for all trading strategies (such as scalping, hedging, algorithmic trading etc). In addition, all clients can enjoy a plethora of top-notch trading services, some of which includes; consistent ultra-low spreads from 0.0 pips, fast trade executions, deep liquidity, advanced trading platforms & tools, transparent pricing and low trading fees, and great customer support service available 24/7.

IC Markets Overview

BrokerIC Markets
Regulation ASIC, FSA, CYSEC
Forex Pairs61
Trading PlatformsMetaTrader 4, MetaTrader 5, cTrader
Minimum Deposit$200 (or currency equivalent.)
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF.
Payment MethodsBank Wire Transfer, Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking.

Pros

  • Hassle-free account registration process.
  • Strong regulatory framework.
  • Over 180,000+ clients across 190 countries worldwide.
  • Strong global presecence and reputation among traders.
  • Deep liquidity.
  • Negative balance protection.
  • Clients funds are segregated.
  • Industry standard trading platforms available in web, mobile and desktop versions.
  • Provides support for algorithmic (such as Expert Advisors).
  • Over 61 currency pairs to trade including major, minor and exotic currency pairs.
  • Flexible leverage from 1:1 to 1:500.
  • Low latency and ultra-fast trade execution.
  • Supports all trading strategies.
  • Low spreads (starting from 0.6 pips) with zero commissions on the standard account.
  • Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
  • Multiple fast and secure payment methods, with fast deposit and withdrawal processing times.
  • Demo account with unlimited usage duration.
  • No inactivity fee.
  • Dedicated and friendly multi-lingual customer support service available 24 hours a day, 7 days a week.

Cons

  • Product offering limited to CFDs.
  • No proprietary trading platform.

2. Pepperstone

Pepperstone

Pepperstone is a global award-winning online broker established and operated by the Pepperstone Group. It offers Forex trading, spread betting and CFDs across a variety of global markets including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.

Pepperstone offers top-notch trading solutions which accommodate both beginner and professional retail traders, and also supports all trading styles and strategies (such as scalping, algorithmic trading and others). In addition, all Pepperstone clients can enjoy deep liquidity, low-cost trading, competitive spreads, superior trade execution, multiple industry-standard trading platforms, volume-based rebates, fast & secure payment methods, great research & educational offering and a dedicated customer support team available 24/7 etc.

Pepperstone Overview

BrokerPepperstone
Regulation ASIC (Australia), FCA (United Kingdom), DFSA (Dubai)
Forex Pairs61
Trading PlatformsMetaTrader4, Metatrader5 and cTrader
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal and Poli.

Pros

  • Strong regulatory framework.
  • Beginner friendly.
  • Easy account registration process.
  • Deep liquidity and no requotes.
  • Low latency and fast order execution.
  • Supports all trading styles and strategies.
  • Multiple account base currencies.
  • Negative balance protection.
  • Over 61 currency pairs, including major, minor and exotic pairs.
  • Tailored account types with great trading conditions, competitive pricing and advanced tools.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Industry-standard trading platforms (proprietary and third-party) available for mobile and desktop devices.
  • Support for expert advisors.
  • Zero commissions and consistently low spreads (from 0.6 pips ) on the standard account.
  • Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
  • Active Trader Program to reward high volume trading with cash rebates which is paid daily.
  • No inactivity fee charged.

Cons

  • Demo account duration limited to only 30 days.
  • Limited product offering.

3. Forex.com

Forex.com

Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.

Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading strategies (such as hedging, scalping, EAs, etc). In addition, it offers several great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.

Forex.com Overview

BrokerForex.com
Regulation ASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom),  FSA (Japan), IIROC (Canada)
Forex Pairs80
Trading PlatformsForex.com Webtrader, Metatrader 4, Forex.com Mobile App
Minimum Deposit$100
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:50
Account CurrenciesUSD, EUR, CAD, JPY, CHF, AUD, GBP
Payment MethodsBank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller.

Pros

  • Strong regulatory framework.
  • Over 20 years of indusry experience.
  • Beginner friendly.
  • Top tier liquidity.
  • Low latency and superior order execution.
  • Supports all trading strategies.
  • Negative balance protection.
  • Clients funds are segregated.
  • Over 80 currency pairs, including major, minor and exotic currency pairs.
  • Transparent fee structure with no hidden charges.
  • Low forex trading fee.
  • No deposit or withdrawal fee.
  • Offers Active Trader Program which helps reduce trading cost by up to 15%.
  • Quality educational and market research offering.
  • Industry-standard platforms available in web, mobile and desktop versions.
  • Great customer support service.

Cons

  • Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.

4. CMC Markets

CMC Markets

CMC Markets is a global Forex and CFDs provider established by CMC Group; a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index. It offers CFDs across a wide variety of markets including forex, indices, commodities, shares, ETFs, cryptocurrencies and treasuries with over 11,000+ instruments to trade.

CMC Markets offers excellent trading solutions for both retail and institutional clients (such as banks, brokers, money managers, family offices, fintech and private banks). It also provides support for all trading strategies including scalping, hedging, algorithmic trading etc.

Furthermore, traders can enjoy competitive spreads, deep liquidity, superior order execution, industry-standard trading platforms, fast & secure payment methods, quality market research offering, quality education offering and a great customer support team, among others.

CMC Markets Overview

BrokerCMC Markets
Regulation ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), and the FCA (U.K), FMA (New Zealand), DFSA (UAE)
Forex Pairs300+
Trading PlatformsNext Generation platform, MetaTrader 4 (MT4)
Minimum Deposit$0
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesGBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD
Payment MethodsWire Transfer, Credit / Debit Cards, Electronic Payments.

Pros

  • Strong regulatory framework.
  • Over 30 years’ industry experience
  • Beginner friendly.
  • Trusted by over 300,000+ global clients.
  • Clients funds are segregated.
  • Deep liquidity and no requotes.
  • 330+ currency pairs.
  • No minimum deposit.
  • Industry-standard trading platforms (proprietary and third-party) available for mobile and desktop devices.
  • Support for expert advisors.
  • Ultra-fast order execution with umatched liquidity.
  • Flexible and high leverage, from 1:1 to 1:500.
  • Ultra low spreads from 0.0 pips on major currency pairs.
  • Secure payment methods, with fast deposit and withdrawal processing times.
  • Great customer support with fast response time.

Cons

  • Limited product offering.
  • Withdrawal fee charged for international bank transfer.

5. Vantage FX

Vantage FX

Vantage FX is a well-established and regulated global Forex & CFD provider established in 2009 by Vantage International Group Limited. It offers a variety of asset classes including forex, indices, energies, commodities, metals and shares CFDs with over 300+ instruments to trade.

Vantage offers a well-rounded brokerage service suitable for both beginner and professional retail traders. It also offers a variety of account types that traders can choose from, to enjoy a tailored trading experience. Other great trading services offered by vantage FX includes; deep liquidity, negative balance protection, support for all trading styles and strategies, ultra-low spreads from 0.0 pips, multiple industry-standard trading platforms, support for social/ copy trading, and great customer support service, among others.

Vantage FX Overview

BrokerVantage FX
Regulation ASIC (Australia), FCA (United Kingdom), CIMA (Cayman Islands), VFSC (Vanuatu)
Forex Pairs44
Trading PlatformsVantage FX app, MetaTrader 4, MetaTrader 5, ProTrader, ZuluTrade, DupliTrade, MyFXBook Autotrade
Minimum Deposit$200
Demo AccountAvailable | Open Demo Account
Maximum Leverage1:500
Account CurrenciesAUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD
Payment MethodsBank Wire Transfer, Credit/ Debit Cards (MasterCard, VISA), Skrill, Neteller, UnionPay

Pros

  • Strong regulatory framework.
  • Deep liquidity.
  • Negative balance protection.
  • Client are covered by indemnity insurance.
  • Hassle-free account registration process.
  • Beginner friendly.
  • Supports all trading styles and strategies.
  • Fast order execution.
  • Multiple industry-standard trading platforms available in web, mobile and desktop versions.
  • Sophisticated mobile apps with extensive functionalities.
  • Over 9 account base currencies.
  • Transparent fee structure, with no hidden charges.
  • Ultra-low spread from 0.0 pips (on the RAW ECN and Pro ECN accounts).
  • Offers rebates for active traders.
  • No inactivity fee charged.
  • Unlimited demo account duration.
  • Offers social trading through third-party platforms including ZuluTrade, Duplitrade and MyFXBook Autotrade.
  • Great customer support service.

Cons

  • Limited product offering
  • Limited tradeable instruments compared to competitors.
  • The Pro ECN account requires a minimum deposit of $20,000.