10 Best HKFSC Regulated Forex Brokers in Hong Kong

The HKSFC was introduced by the Hong Kong authorities during the 1980’s. It is an independent agency tasked with the responsibility to regulate financial companies and individuals who deal with the Hong Kong securities and futures market.

Choose your quick section of our best HKSFC Regulated Forex Brokers in Hong Kong below.

Our 10 Best Handpicked HKSFC Regulated Forex Brokers in Hong Kong Revealed:

• ✔️FP Markets
• ✔️XM Group
• ✔️Vantage FX
• FBS
• FXCM
• Exness
• Alpari
• Saxo Bank
• HYCM
• HotForex

Hong Kong is one of the major financial markets in Asia and the country is a major contributor to the retail FX trading industry along with Japan, Singapore, and China. Hong Kong is known as a great investment destinations in the Asian continent and a preferred country for setting up a business after Singapore.

FP Markets

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer.

Over 100 instruments and over 60 currency pairs in total are on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

Pros and Cons

Trading benefits

All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese.

Customer Service is available via email, phone and live chat.

XM Group

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

Pros and Cons

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.  Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.  Traders must take note that XM does not offer binary options or futures.

Trading Benefits

Customer Service is available via live chat, Phone and email support.

Vantage FX

Vantage FX is a Forex ECN and CFD broker which offers traders the ability to trade on 120+ tradable assets across Currencies, Indices, Commodities and U.S and Hong Kong Share CFDs on the MetaTrader platform for Mac, PC, iOS and Android and other social trading platforms.  Vantage FX is authorised and regulated by the Cayman Islands Monetary Authority (CIMA) under the name Vantage International Group.

Pros and Cons

Vantage FX offers traders access to the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Android and iOS.

Trading Benefits

Customer support is available 24 hours a day, 5 days via phone, email, live chat and remote TeamViewer in English, Mandarin, Thai and Vietnamese.

FBS

FBS is a Forex and CFD broker which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize and the Cyprus Securities and Exchange Commission (CySEC).

Pros and Cons

FBS offers users the option to trade on Forex, Indices, Stocks, Metals and Energies across the MetaTrader 4, MetaTrader 5 and FBS Trader trading platforms .

Trading Benefits

Customer Support is available 24/7 via a Call-back service, online Live Chat, Telegram, Viber and Facebook Messenger.

FXCM

Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.

Pros and Cons

FXCM offers traders 4 main types of trading accounts to choose from, including  Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.

Trading Benefits

Customer Support is available via Live Chat, Phone, Email and SMS.

Exness

Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.

Pros and Cons

Exness offers traders 5 different trading accounts to choose from and over 105 different instruments to trade, including over 103 currency pairs.

Trading Benefits

Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.

Alpari

Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms.  Alpari is regulated by the FSC.

Pros and Cons

Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker.  The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.

Trading Benefits

Customer Service is available via live chat, email and phone service.

Saxo Bank

Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Futures, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO.

Pros and Cons

The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA) and many more.

Trading Benefits

Customer support is available in nearly 30 different languages via phone, email and an FAQ section.

HYCM

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Pros and Cons

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. A wide variety of instruments and currency pairs are available for trade:

• Over 100 instruments
• Over 40 currency pairs

Trading Benefits

HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

HotForex

HotForex was established in 2007 is well regulated by FCA, CySEC, DFSA, FSCA and SFSA.

Pros and Cons

The HotForex MT5 terminal offers 21 different timeframes, superior analysis tools, trading across HotForex asset classes, close to 100 simultaneous charts, hedging and one-click trading and 80+ technical indicators plus an in-built economic calendar.  The account can be accessed from anywhere using an iPhone, interactive charts for 9 timeframes, advanced trading functions, one-click trading, 24 analytical objects, and 30 technical indicators.

Trading Benefits

Customer support is available via phone and email.

Does Hong Kong Impose Any Restrictions On Forex Trading?

Hong Kong boasts a moderately open and honest economy which does not impose any severe restrictions on Forex trading. Traders in Hong Kong are free to either invest their money with an offshore Forex broker and to trade the Forex markets without any restrictions being opposed on them.   Although the HKSFC imposes no restrictions on its investors, the Hong Kong authorities do advise investors to maintain a trading account at HKSFC Forex broker. The HKSFC works with some of the largest regulatory organizations in the world, investors in Hong Kong can rely on the agency to provide a high-level of assistance. Hong Kong Forex Brokers have seen a notable rise in popularity over recent years – with good reason.

Finding a Forex Broker In Hong Kong

Hong Kong has several locally Regulated Forex brokers which provides investors with excellent financial products for investing in the markets. Hong Kong has a highly competitive marketplace which allows global investors to offer cost-effective services to locally situated investors.  Multiple international Forex brokers do have representative offices situated in the country that are regulated by the HKSFC for providing localized financial products. Retail traders may  invest their money with international brokers if they are unable to find a local broker that satisfies their trading preferences.

Aside from regulation, traders should keep a multitude of factors in mind when choosing a Broker with which to trade.  This includes:

Account Types

Account types on offer will generally include Micro, Mini and Standard accounts.  Traders should kick of their career by making use of a Demo account which will allow them to test a live trading environment without investing real money.

Customer Service

Not all brokers will offer their investors the same level of customer service.  The minimum expectation when it comes to customer service is availability, multiple level of contact – such as phone or live chat, and a team who is well-known for their problem-solving skills.

Customer Support in includes dealing with a complaints from investors against HKSFC Regulated Brokers.  This customer support will be offered by the SFC is the Investor Compensation Company Ltd.   The SFC was established to administer claims against the Investor Compensation Fund and to receive, assess and determine whether any claims against the Fund are valid. If a claim is valid it is the SFC’s duty to make payments and recover losses.

The SFCs function is clearly set out in an official Order, known as the Securities and Futures (Transfer of Functions – Investor Compensation Company) Order. This includes:

• Managing and administering the Fund
• Publishing Notices Inviting Claims
• Deciding whether a claim has been lodged within the required time limit
• Accepting the lodging of a claim
• Determining whether there is a valid claim for compensation
• Asking for the production of relevant records
• Issuing a Notice of Determination
• Paying compensation and deciding the order of the payments

Investors in Hong Kong will be eligible to make a claims if they suffer a monetary loss due to an HKSFC regulated broker or authorized financial institution. It is also possible for investors to lodge a complaint with the HKSFC itself.  Hong Kong investors can file complaints on a number of different aspects including market misconduct.  If a trader wants to make a complaint regarding an HKSFC regulated broker, the commission will be able to investigate the complaint and penalize any broker who is found to be in the wrong. This may include prosecution or disciplinary action.

Conclusion

Forex brokers in Hong Kong are known as high-quality companies with strict regulation. Traders should keep in mind that different brokers will offer their clients different levels of service and traders should choose one who best suit their own individual trading needs. No one Broker is suited to every trader, and making the wrong choice can be a costly mistake to make.

Frequently asked questions

What is HKSFC?

HKSFC stands for Hong Kong Securities and Futures Commission, which is an independent organization tasked with the responsibility of overseeing brokers which operate in Hong Kong.

What does HKSFC do?

The HKSFC regulated Brokers in Hong Kong and protects investors who wish to trade in Hong Kong. The HKSFC has a long list of responsibilities including, market regulation enforcement, issuing and revoking licenses, and working with overseas organizations.

Are HKSFC regulated brokers safe?

Using a HKSFC regulated broker is indeed seen as a safe option.

How do I make a complaint to HKSFC?

If a trader wishes to lodge a complaint, they can get in touch with the Investor Compensation Company Ltd.

How can I check for HKSFC regulation?

The Regulation will be visible on the brokers website itself, generally speaking at the bottom of the home page.