This comprehensive guide aims to help you choose the best forex brokers in Hong Kong, leaving you to focus on being profitable in the forex markets.
Ranking Methodology: While assessing hundreds of forex brokers across the globe, and ranking the best forex brokers in Hong Kong, some of the critical factors which influenced our judgments include; regulatory compliance and safety, trading fees (spreads, commissions, and overnight fees), non-trading fees, base currencies offered, payment methods, product offering, execution model, execution speed, assets, trading platforms, research, education, and customer support service.
Table of Contents
Best Forex Brokers In Hong Kong
Following an in-depth review and ranking process, here are the best forex brokers in Hong Kong;
- IC Markets
- Pepperstone
- Forex.com
- CMC Markets
- VantageFX
1. IC Markets
IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2250+ instruments to trade.
With IC Markets, traders can enjoy a plethora of top-notch trading services, including low trading fees, multiple fast and secure payment methods, fast trade executions, deep liquidity, advanced trading platforms, adequate support for algorithmic trading, and 24/7 customer support service.
Suitable For – Beginners, professionals, low-cost trading, active traders, high-volume traders, scalping, and algorithmic trading.
IC Markets Highlights
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, and CySEC. |
| Forex Pairs | 61 Currency Pairs |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Card payments, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking |
| Trading Tools | Virtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools |
IC Markets Pros and Cons
| PROS | CONS |
|---|---|
| Quick account setup. | Its product offering is limited to forex and CFDs. |
| Over 180,000+ clients across 190 countries worldwide. | No proprietary trading platform is offered. |
| Multiple industry standard trading platforms in web, mobile and desktop versions. | |
| Offers swap-free account. | |
| Low trading fees across all account types. | |
| Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts. | |
| The demo account has an unlimited usage duration. | |
| No inactivity fee is charged. | |
| Excellent customer support service. |
2. Pepperstone
Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various international markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, fast and secure payment methods, support for copy trading, ultra-fast execution, an active trader program, research, education, and excellent customer support service.
Suitable For – Beginners, professionals, active traders, scalping, algorithmic trading, copy trading, and social trading.
Pepperstone Highlights
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC, FCA, and DFSA. |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader and Duplitrade. |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli. |
| Trading Tools | SmartTrader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade. |
Pepperstone Pros and Cons
| PROS | CONS |
|---|---|
| Strong regulatory framework. | The demo account duration is limited to only 30 days. |
| Easy account registration process. | Only CFDs are offered. |
| Over 61 currency pairs, including major, minor and exotic pairs. | |
| Multiple fast and secure payment methods. | |
| Multiple industry standard trading platforms in web, mobile and desktop versions. | |
| Great for algorithmic traders. | |
| Low forex trading fee. | |
| Active Trader Program for high-volume traders, with cash rebates that are paid daily. | |
| No inactivity fee is charged. |
3. Forex.com
Forex.com is a global FX and CFD provider founded in 2001. It is owned and operated by its parent company StoneX Group Inc, a publicly-traded company listed on the NASDAQ Stock Exchange (NASDAQ: SNEX).
Forex.com offers CFDs and futures across various global markets, including forex, commodities, indices, stocks, metals, and cryptocurrencies, with over 9,500+ tradeable instruments.
Along with a wide array of asset classes, other outstanding brokerage solutions offered by Forex.com includes deep liquidity, competitive pricing, transparent fee structure, fast trade executions, multiple account types, an active trade program (which reduces trading costs by up to 15%), multiple industry-standard trading platforms, fast and secure payment methods, education & research tools, VPS hosting and excellent customer support service.
Suitable For – Beginners, professionals, active traders, high-volume traders, and institutions.
FOREX.COM Highlights
| Broker | Forex.com |
|---|---|
| Regulation | NFA (US), CFTC(US), FCA (United Kingdom), ASIC (Australia), FSA (Japan), IIROC (Canada) |
| Forex Pairs | 80+ |
| Trading Platforms | MT4, MT5, NinjaTrader, Web |
| Minimum Deposit | $100 |
| Demo Account | Yes (90 Days) |
| Maximum Leverage | 1:50 EU/UK Clients – 1:30 |
| Account Currencies | USD, EUR, CAD, JPY, CHF, AUD, GBP |
| Payment Methods | Wire Transfer, Card Payment, Paypal. |
| Trading Tools | VPS Hosting, Autochartist, Recognia, Smart Signals, Performance Analytics |
FOREX.COM Pros and Cons
| PROS | CONS |
|---|---|
| Strong regulatory framework. | Slow account verification process. |
| 20+ years of industry experience. | Limited payment methods |
| Parent company StoneX is a publicly-traded company listed on the NASDAQ Stock Exchange. | The demo account is only available for 90 days. |
| Over 500,000+ clients worldwide. | |
| Multiple industry standard trading in mobile, web, and desktop versions. | |
| Fast and secure payment methods. | |
| Competitive pricing. | |
| Offers Active Trader Program, which helps reduce trading costs by up to 15%. | |
| Great customer support service. |
4. CMC Markets
CMC Markets is a global Forex and CFD provider established in 1989 by CMC Group, a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index.
CMC Markets offers forex, CFDs, and spread betting across a wide variety of global markets, including forex, indices, commodities, shares, ETFs, cryptocurrencies, and treasuries, with access to over 12,000+ instruments.
CMC stands out with its excellent brokerage solutions which include advanced trading platforms (proprietary and third-party), competitive pricing, low forex trading fee, deep liquidity, fast order execution, fast and secure payment methods, adequate support for active forex traders, and excellent customer support service.
Suitable For – Beginners, professionals, active traders, and high-volume traders.
CMC Markets’ Highlights
| Broker | CMC Markets |
|---|---|
| Regulation | ASIC, IIROC, BaFin, MAS, FCA, FMA, DFSA |
| Forex Pairs | 300+ |
| Trading Platforms | Next Generation platform, MetaTrader 4 |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD |
| Payment Methods | Wire Transfer, Credit / Debit Cards, Electronic Payments. |
| Trading Tools | FIX API, Virtual Private Server (VPS) |
CMC Markets Pros and Cons
| PROS | CONS |
|---|---|
| Strong regulatory framework. | Its product offering is limited to only CFDs. |
| Over 30+ years of industry experience | Withdrawal fee charged for international bank transfer. |
| Great for beginners. | |
| Trusted by over 300,000+ global clients. | |
| Industry-standard trading platforms in web, mobile and desktop versions. | |
| Fast order execution. | |
| Fast and secure payment methods. | |
| Excellent customer support service. |
5. Vantage FX
Vantage FX is a well-established global online broker established in 2009 by Vantage International Group Limited. With more than ten years of industry experience, Vantage FX has grown its global presence with a massive client base of more than 50 thousand clients across 172 countries worldwide.
Vantage FX provides its clients with a well-rounded brokerage service with premium brokerage services which include deep liquidity, different account types, industry-standard trading platforms, offers social/ copy trading, low forex trading fees, multiple payment methods, high leverage
Suitable For – Beginners, professionals, scalping, algorithmic trading, social trading, and copy trading.
Vantage FX Highlights
| Broker | Vantage FX |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), CIMA (Cayman Islands), VFSC (Vanuatu) |
| Forex Pairs | 49 |
| Trading Platforms | Vantage FX app, MetaTrader 4, MetaTrader 5, ProTrader, ZuluTrade, DupliTrade, MyFXBook Autotrade |
| Account Types | Standard (STP) Account, Raw STP Account, and Pro ECN Account. |
| Minimum Deposit | Standard (STP) Account – $50 Raw STP Account – $50 Pro ECN Account – $10,000 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, GBP, EUR, SGD, CAD, NZD, JPY, HKD |
| Payment Methods | Domestic EFT, Domestic Fast Transfer (Australia Only), International EFT, Credit/ Debit Cards (MasterCard, VISA), JCB, China Union Pay, Neteller, Skrill, Neteller, AstroPay, Broker-to-Broker Transfer, FasaPay, and Thailand Instant BankWire Transfer. |
| Trading Tools | MT4/MT5 SmartTrader Tools, Calculators, Forex VPS, TradingView, Trading signals, and PRO Trader Tools. |
Vantage FX Pros and Cons
| PROS | CONS |
|---|---|
| Strong regulatory framework. | The Pro ECN account requires a minimum deposit of $20,000. |
| Hassle-free account registration process. | Limited tradeable instruments compared to competitors. |
| Multiple industry-standard trading platforms in web, mobile and desktop versions. | |
| Multiple account types. | |
| Offers social/ copy trading (through third-party platforms). | |
| Low forex-trading fees. | |
| Low minimum deposit. | |
| High leverage. | |
| Offers rebates for active traders. | |
| No inactivity fee is charged. | |
| Unlimited demo account duration. | |
| Excellent customer support service. |