26 Best SFC Forex Brokers – (Reviewed) 2025

The Securities and Futures Commission (SFC) of Hong Kong was established in 1989, independent of the government, run under the authorisation of the laws relating to Securities and Futures. The SFC is responsible for regulating Forex brokers to ensure investors are protected in a systematic securities and futures market. Here is a list of the 26 best SFC regulated Forex brokers.

Part of this market is the Hong Kong Stock Exchange which is the seventh largest Stock Exchange in the world. The Commission is independently funded by member fees and levies on transactions conducted on the stock exchange.

The SFC together with three other entities watch over the markets to prevent financial crime and misconduct. The other three entities are: The Hong Kong Monetary Authority; The Insurance Authority and The Mandatory Provident Fund Schemes Authority

The four regulators cooperate with each other to ensure proper conduct in the markets and to regulate financial crime and misconduct.

Their main responsibilities include maintaining and promoting the orderliness, competitiveness, fairness, transparency and efficiency of the securities and futures industry.

The SFC is responsible for the following:

• Issuing licenses and regulating brokerages, brokers, investment advisors and fund managers
• Overseeing operators in the market including exchanges, automated trading services and clearing houses
• Regulating the financial markets by setting and enforcing rules and regulations
• Investigating any misconduct and enforcing penalties
• Watching over business conducted by listed companies under the Codes on Takeovers and Mergers and Share Repurchases
• Assisting investors to understand their rights and the risks involved with trading
• Approving investment products and organising documents for retail investors

This list of the 26 Best SFC Regulated Forex Brokers is not in any particular order.

Alpari

Alpari is one of the largest Forex brands in the industry, they are licensed and regulated by the Financial Services Authority and CySEC.

Alpari has two million active clients across eight global locations across three continents. Alpari provides a wide range of services such as guidance, advice and educational material for advanced and beginner traders.

Features

• 250+ trading instruments
• Choice between ECN and market-maker execution models
• High leverage1000:1
• Sixty plus Forex currency pairs

Pros and Cons

FXTM (Forextime)

FXTM was founded in 2011 and is well known among traders all over the world.

When it opened it intended to provide its clients with technologically advanced trading platforms. This broker has been able to meet the needs of all types of traders, advanced and beginners.

FXTM is constantly striving to improve with new market inventions and exciting offers for traders.

FXTM is regulated by different watchdogs around the world and is managed by different companies in different countries. Regulation bodies FXTM has licenses with are CySEC, FSCA, FCA.,

FXTM does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, Korea, Puerto Rico, the Occupied Area of Cyprus.

Features

• 200+ instruments
• Attractive bonuses
• Trading prizes for traders
• Competitive trading conditions
• Access more trading power with flexible leverage

Pros and Cons

FP Markets

FP Markets was established in 2005. It is an Australian brokerage company regulated by the ASIC. The ASIC license, and regulation, provides a safe trading environment for traders.

The Australian broker has also received a CySEC license that allows European clients to trade freely.

Clients in Hong Kong also have access to trade on FP Markets platforms.

The FP Markets serves over 12 000 clients worldwide. They have a great range of products – 13000+ – from Forex, Commodities, Indices, Metals, Cryptocurrencies, Bitcoin and Equity CFDs.

We like FP Markets because of their competitive spreads, flexible leverage and also you can trade via one account.

VPS hosting, extremely fast execution speed and a no dealing desk (NDD) execution model create ideal trading conditions for automated trading solutions.

Features

• Offers CFD trading to international clients
• MT4 and MT5 platforms
• Direct marketing share trading via Iress trading platform
• Offers tight spreads
• Competitive leverage
• VPS hosting
• No dealing desk (NDD) execution model

Pros and Cons

XM Group

The XM Group is a group of online regulated brokers. The group is highly regulated by CySEC in Cyprus, ASIC in Australia and FCA in the UK. This provides for a safe environment to trade.

Traders can trade with XM from Hong Kong

The website has fantastic customer support with all queries being answered in multiple languages 24/5.

The XM website has a number of trading options including foreign currencies, commodity, stocks, precious materials etc. They provide 100 financial instruments with numerous currency options.

The broker has more than 60 currency pairs to trade with.

There is a minimum deposit required to start trading which is ideal for beginners.

Features

• Bonus system is fantastic
• 4 types of accounts
• Demo account
• Strong regulation
• Good reputation
• Efficient and fast trade execution
• Good leverage 1:30.
• No hidden commissions or fees

Pros and Cons

AvaTrade

AvaTrade was founded in 2006 and is one of the oldest online brokerages with a reputation for reliability. Their head office is in Dublin, Ireland with sales centres all over the world including Hong Kong.

AvaTrade is under the regulation of the Central Bank of Ireland, in Europe, the British Virgin Islands, ASIC (in Australia), FSA (Japan), Abu Dhabi and FSB (South Africa).

The have garnered many awards for giving the best customer support and trading platforms in the industry, as well as best Forex Broker of the year so you can’t go wrong with AvaTrade.

The broker offers 250 + instruments, a range of automated trading platforms with EA compatibility, sixty currency pairs, cryptocurrencies, commodities, majors stock indices bonds, individual shares and ETFs.

Features

• Up to 400:1 trading leverage and competitive spreads
• Free trading education
• Platforms MT4 and MT5 for desktop, mobile and tablet
• Advanced trading platforms to suit CFD trading
• AvaTradeGO app provides advanced charts

Pros and Cons

Go Markets

Go Markets was founded in Australia in 2006 and is regulated by Australian watchdog ASIC. Its head office is in Melbourne, Australia with other offices worldwide including Hong Kong.

This allows for a safe trading environment. All clients’ accounts are in separate trust accounts at top rated banks.

With Go Markets traders can trade on 350+ tradeable instruments covering Forex, Shares, Indices, Metals and Commodities.

There are 2 main account types, the standard account which is commission-free trading with spreads from 1 pip and the GoPlus Account which is commission-based with spreads from 0 pips.

The broker offers a large amount of educational resources through the Go Trading Academy.

Features

• Max Leverage: 1:500
• Various deposit options as well as withdrawals
• Tradable assets
• Trading platforms: MT4, MT5 and webtrader
• Commission on trades
• No fixed spreads
• Trading Desk: ECN, Market Maker, No dealing desk, STP
• Mobile trading

Pros and Cons

Exness

Exness has been operating since 2008 and is a leading international CFD/Forex broker.

Exness is regulated by CySEC in Cyprus, FCA in the UK and the FSA in the Seychelles.

The broker offers traders access to more than 120 financial instruments including Crypto, Forex, Stocks and Indices.

With 23 different languages on their platform and thirteen languages spoken by support personnel, they are one of the easiest brokers to communicate with.

Features

• Tight spreads from 0.1 pips
• Social/copy trading
• No hidden commission fees
• Trading platform MT4
• Well regulated
• Segregated accounts for clients
• Investor compensation scheme
• Instant withdrawals

Pros and Cons

HotForex

HotForex was voted as the Best Online Broker for Asia in 2012. HotForex is located and registered in Mauritius. It is a safe platform to trade as it is also regulated by Financial Services Commission (FSC). HotForex is also licensed and regulated in the EU.

HotForex facilitates individuals and institutional customers to trade Forex and Derivatives online. All Retail

The company motto is “Honesty, Openness and Transparency” three features every trader looks for.

Their customer service is excellent with employees speaking multiple languages.

Only EUR and USD can be used to open an account.

Features

• Interesting bonus system
• Free trading tools
• Educational material
• Scalping and hedging is allowed
• Minimum deposit to start trading is $50
• Leverage: 1000:1
• Many payment methods
• Low spreads from 0.2 pips
• 40 different currency pairs
• Numerous trading instruments
• 6 account types

Pros and Cons

FBS

Financial Brokerage Services (FBS) is an Asian Forex Broker with offices in China, Malaysia, Phillippines, Indonesia, Jordan, Vietnam and Russia.

FBS is licensed to trade by the IFSC in Belize. It has 15 000 000 traders and 410 000 partners and is present in 190 countries worldwide.

The broker is a multi-award-winning broker having received numerous international awards like:

Most Transparent Forex Broker 2018

Best Forex Trading Account 2018

Best Copy Trading Application Global 2018

Best Forex Broker Asia 2018

Best Investor Education 2017

Best FX IB Program China 2017

Most Progressive Forex Broker Europe 2019

Best Forex Broker Vietnam 2019.

Features

• Low minimum deposit
• 10 000+ instruments
• Maximum leverage 1:3000
• Five types of accounts
• Spreads start from 0 pip
• ECN account with tight spreads
• Full range of payment options
• Trading instruments include 32 currencies and two metals
• MT4 & MT5 Trading Platform
• ECN and DMA trading available

Pros and Cons

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Trading 212

Trading 212 was opened in 2004 originally in Bulgaria but since 2013 has their head office in London. The broker is licensed with the FCA (UK authority), making it a safe brokerage due to the FCA strict regulations, and the FSC (Bulgarian Financial Supervision Commission).

The trading platforms are intuitive and user friendly. Trading 212 is a CFD and Forex broker and is recommended for traders interested in investing in equities or trading with leveraged FX and CFD products.

The countries Trading 212 accepts traders from:

• Australia
• Thailand
• United Kingdom
• South Africa
• Singapore
• Hong Kong
• India
• France
• Germany
• Norway
• Sweden
• Italy
• Denmark
• UAE
• Saudi Arabia
• Kuwait
• Luxembourg
• Qatar
• Most other countries

Features

• Low minimum deposit
• No inactive account fee
• No deposit or withdrawal fee
• Demo account available
• Products offered: Stock, ETF, Forex, CFD and Crypto
• Commission-free stock and ETFs
• Low CFD fees
• User friendly trading platform
• Negative balance protection

Pros and Cons

IG Trading

In 1974 IG Trading was established in the UK and today it is one of the biggest CFD brokers in the world.

It is regulated by a few regulatory bodies world-wide including the UK’s Financial Conduct Authority (FCA) and Germany’s Federal Financial Supervisory Authority (BaFin)

IG is considered a safe environment in which to trade because of the regulatory bodies but also because it is listed on the London stock exchange and discloses its financials.

The IG web trading platform is excellent for beginners and professional traders.

Negative balance protection is provided for Forex spot and CFD trading, but only for retail clients from the EU. Professional and non-EU clients are not covered.

Features

• Inactive account fee charged
• No fees for withdrawals
• Low minimum deposit
• Opening an account takes between 1 and 3 days
• Demo account available
• Trading fees on commissions, spreads, financing rates and conversion fees
• No trading fees on withdrawals or inactive accounts

Pros and Cons

Tickmill

Tickmill was established in 2014 and is a low-cost global Forex and CFD broker.

It is a safe broker to trade with due to it being regulated by the FCA in the UK, CySEC in Cyprus and FSA in Seychelles.

The process of opening an account is simple and easy. There are many ways to deposit and withdraw funds from Tickmill and the fees for Forex and CFD are low.

Tickmill is recommended to clients who prefer trading on MetaTrader trading platforms and who are interested in CFD and Forex trading.

Features

• A number of excellent trading tools
• Trade 80+ spreads as low as 0.0 pips
• Educational resources are good
• Trading instruments: Forex, Stocks, Indices and Oil, Precious Metals and Bonds
• Competitive commission-based pricing for professionals
• 4 types of accounts
• Demo account available
• Islamic account available
• 2 platforms: MetaTrader 4 and WebTrader

Pros and Cons

 

XTB

XTB is an online CFD, Crypto and Forex broker. Founded in 2002 it has offices in more than 10 countries with its head office in London and Warsaw.

XTB is a highly regulated company with licenses from the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF), CySEC and IFSC

XTB accepts Hong Kong clients. The platform is used by 250 000 + clients worldwide trading over 1500 global markets.

It offers negative balance protection for Forex spot and CFD trading for clients from the EU. Non-EU clients are not covered.

Features

• 1500+ trading instruments
• No minimum deposit
• Allows scalping and hedging
• Offers STP
• Negative balance protection
• Variable spreads
• Simpler trading platform MetaTrader 4
• Good broker for beginner traders
• User friendly research tools
• Good customer support
• Demo account offered
• Leverage limited to 1:30 inside the EU
• Minimum Forex and Crypto CFD trade size are 0.1 lot

Pros and Cons

Oanda

Oanda was founded in 1996 and is an American Forex broker and technology-driven financial services corporation.

The broker is a global corporation with offices in eight financial centres in the USA, Canada, UK, Japan, Singapore and Australia. Oanda is open to Hong Kong clients.

Oanda is regulated by 6 regulatory bodies namely CFTC in the USA, FCA in the UK, ASIC in Australia, IIROC in Canada, MAS in Singapore and FFAJ in Japan.

According to these regulatory bodies all client funds are kept in segregated accounts in top tier banks and is protected by negative balance protection.

Oanda offers both Forex and CFD trading, corporate FX payments and exchange rate services for many organisations and investors.

Features

• Web trading platform
• Demo account available
• Good fees
• Powerful research tools
• No minimum deposit
• Transparent pricing
• Quality market research
• Limited offering of FX pairs and CFDs

Pros and Cons

Pepperstone

Pepperstone is well known for its selection of third-party trading platforms namely MetaTrader suite, cTrader and a selection of copy-trading platforms.’

The broker is regulated in Australia (USIC) and the UK (FCA). Beginner traders like to use Pepperstone because they don’t charge for inactive accounts or a minimum deposit for standard accounts.

Pepperstone provides Forex and CFD traders with pricing that is competitive, excellent customer service, a large selection of third-party platforms including several options for social copy trading.

They have offices in the USA, UK, China and Thailand and their niche offering is for traders who focus on Forex and CFD markets.

Features

• Forex and equity index fees low
• Good customer service
• No fees on deposits and withdrawals
• No inactive account fee
• No minimum deposit
• Competitive pricing for Forex and CFD traders
• One of largest selections of third-party platforms
• Social copy trading options
• Negative balance protection

Pros and Cons

Saxo Bank

Saxo Bank is one of the highest regulated brokers and is trusted by Forex traders around the world.

Saxo Bank has an office in Hong Kong and accepts clients from Hong Kong.

They are regulated by 6 bodies:

• FCA in the UK
• MAS in Singapore
• FINMA in Switzerland
• ASIC in Australia
• FSA in Denmark
• JFSA in Japan.

Saxo Bank connects traders, investors and partners to 35000+ instruments and sets itself apart with its robust and secure digital platforms for traders.

Saxo Bank offers traders financial instruments including CFDs, stocks, Forex, ETFs and more.

The broker’s advanced research tools, competitive pricing and exceptional customer support make them a great broker to partner with.

Features

• Impressive trading platforms
• Maximum leverage 1:200
• 3 account types
• Impressive product portfolio
• 9 different asset classes
• Competitive pricing on trading
• Tight variable spread
• 160+ currency pairs
• Great liquidity
• 41 binary options

 Pros and Cons

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Swissquote

Swissquote, is an established Swiss Investment broker and bank in Europe that has been on the market for a long time and has a solid reputation.

They highly regulated including holding a license to operate in Hong Kong. They are regulated by the Swiss Financial Market Supervisory Authority (FINMA), the UK’s financial authority (FCA) as well as licensed to operate in the UAE, Singapore and Malta.

To top off their high regulatory status, Swissquote is a reliable and trusted Forex broker because they are listed on the Swiss stock exchange as well as have a banking license.

They have two trading entities: a Swiss unit for trading stocks, options, funds, and futures; and a company in the UK for CFDs and Forex.

You can trader over 60 Forex currency pairs as well as trade stocks, energies and commodities with this broker.

What also makes them a great broker is that Swissquote supports traders in various languages including English, German, Spanish, French, and Chinese.

From the platform side of things they offer three platforms which you can access on the web, download on your desktop or trade over mobile device. What’s more, their mobile platform experience is excellent.

Features

• Highly regulated by FCA
• Large range of financial instruments
• Competitive spreads
• Commission free trading
• Demo Account offered
• Boasts 330,000+ traders
• Allows scalping
• Allows hedging

Pros and Cons

Rakuten Securities

Rakuten Securities in Hong Kong offers trading in 40 currency pairs on two robust platforms.

Rakuten Securities Hong Kong is a subsidiary of the Japanese Forex giant Rakuten Securities, one of the three largest Forex brokers in Japan, and also a pioneer in leveraged foreign exchange trading in Hong Kong.

Rakuten Securities acquired the Hong Kong brokerage from FXCM in 2015 and subsequently rebranded and relaunched it in 2016.

Rakuten Securities is regulated by the SFC the local Securities and Futures Commission.

Features

• No minimum deposit
• Tight spreads
• Leverage: 1:20
• 2 trading platforms: Rakuten Securities Japan’s proprietary platform and Trading station
• Mobile trading
• Award winning broker
• Speedy user execution
• One click order execution
• Trading tools and resources
• No dealing desk (NDD) execution on Trading Station

Pros and Cons

Darwinex

Darwinex is a broker and a social trading platform. It offers online trading in more than 30 currency pairs, as well as CFDs on indices, commodities and cryptocurrencies.

Darwinex is regulated by the strict regulatory body the FCA in the UK.

The FSCS (Financial Services Compensation Scheme) protects customers’ funds in the event of liquidation of darwinex. Customer funds are also kept in segregated accounts with a top tier bank.

Darwinex has a good reputation for offering excellent customer support, a wide selection of market instruments and technologically advanced programmes to assist traders.

Features

• Leverage levels of 1:30 for major currency pairs, 1:20 for minor pairs and 1:10 for commodities
• Tight variable spreads
• One account offered
• Minimum deposit: 500 USD
• Maximum leverage: 1:200
• 300+ market instruments: Forex, USA stocks, indices, commodities and cryptocurrencies
• FSCS protection
• Monthly volume-based rebates
• Variety of platforms and technologies for DMA access
• Customer support in several languages
• Good educational resources

Pros and Cons

easyMarkets

easyMarkets was established in 2001 and has 142500+ traders. It is a solid and reliable broker who can boast impressive operational statistics. The company has also won many awards the latest award being in 2019 – Best Forex Broker – The Forex Expo – Dubai.

easyMarkets is regulated by the CySEC, and as a result also compliant to MiFID II, meaning that client funds are segregated from the business accounts and that in the event of a problem the Investor Compensation Fund (CIF) will compensate the traders with a maximum coverage of 20 000 Euro. A guaranteed stop loss and negative balance protection are also available for clients.

Features

• Maximum leverage ratio of 1:2000
• 3 types of accounts
• 200+ assets across 6 investment classes
• Free deposits and withdrawals
• No inactive account fee
• No CFD commission fees
• Excellent customer support 24/5
• Educational resources available
• Dedicated research division
• Negative balance protection

Pros and Cons

OctaFx

OctaFx has the best trading conditions, which is one of the primary reasons why it has grown from strength to strength since its launch in 2011.

It is part of Octa Markets, which is based in Kingston and has a subsidiary in Cyprus namely Octa Markets Cyprus Ltd. They are based Jakarta, Indonesia with offices in St. Vincent and the Grenadines.

Their offering is wide and comprehensive and caters for a number of different traders with varying levels of experience.

OctaFx is an (STP) ECN Forex broker which offers both the MetaTrader and cTrader platforms from where you can access all major currency pairs and commodities with a leverage of 1:500.

Initially OctaFx focused primarily on the Asian market and won several awards for their work in this region, but they have grown significantly and is now in more than 100 countries worldwide including China/Hong Kong

Features

• Over 300,000+ traders worldwide
• More than 30 FX pairs to trade
• Extensive research and educational resources
• First time deposit match of 50%
• Unlimited demo account
• Spread offerings among the most competitive in the Forex industry.
• Great advanced technology

Pros and Cons

HYCM

HYCM is based in the UK and is licensed and regulated by FCA. The broker has offices in the UK, Hong Kong and Cyprus.

HYCM offers traders access to a large range of different trading markets, from currencies to commodities and stocks.

They are also a good platform for advanced traders and beginners. They offer educational material for all traders to improve their knowledge.

HYCM offers state-of-the art technology with 100+ financial instruments with which to trade

Features

• Client funds kept in segregated accounts
• FSCS Compensation of up to 50 000 pounds
• Mobile trading
• 120+ tradeable assets
• Leverage can be as high as 200:1

Pros and Cons

CityIndex

City Index is regulated by three top tier 1 regulators namely the FCA in the UK, the ASIC in Australia and MAS in Singapore.

The broker operates in Hong Kong.

City Index is also listed on a stock exchange. With these two things and its long track record the broker is considered safe.

City Index was awarded in 2025 for Best in Class across multiple categories. The categories include: Overall, Investments, Research, Education, and Beginners.

Features

• Tight spreads
• Low margins
• Fast execution
• Advanced trading tools
• Integrated research
• Minimum deposit $100
• Demo account available
• Products offered: Forex, CFD, Crypto

Pros and Cons

RoboForex

RoboMarkets Ltd is a European entity broker licensed by the CySEC and RoboForex Ltd is an international Forex brokerage licensed by the IFSC in Belize. Both make up the RoboForex Group. Due to the CySEC license the broker can operate in the EU and EEA.

The broker serves around 800 000 traders from 170 countries. The focus of the company is to develop an upmarket, exclusive trading environment for traders by offering cutting-edge technology solutions and many modern, effective tools.

Features

• No negative balance protection
• Bonus programme
• 6 account types offered including ECN and STP
• Insurance coverage for traders
• Segregated accounts
• Demo account available
• Leverage up to 1:2000
• 12000+ instruments available
• Scalping and hedging allowed

Pros and Cons

IC Markets

IC Markets founded in 2007 is an Australian based global Forex broker. The broker is regulated by CySEC in Cyprus, the FSA in Seychelles and the ASIC in Australia.

Two top tier regulatory bodies ensure the broker is safe. IC Markets also operates in Hong Kong.

IC Markets stands out because of its choice of a variety of financial instruments, trading platforms, accounts and other features and tools.

Features

• Products offered: Forex, CFD and Crypto
• Demo account provided
• Low minimum deposit
• No withdrawal fee
• No inactivity fee
• Maximum leverage: 1:500

Pros and Cons

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Conclusion

Hong Kong is a major player in the financial markets. It goes without saying that an investor should look to invest but it also goes without saying that any investor should protect capital invested by selecting a regulated broker to work with like in this list of the 27 Best SFC Regulated Forex Brokers.