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HK · Country profile

Best brokers in Hong Kong

Through the northbound links of Stock Connect, Hong Kong offers access to shares listed in Shanghai and Shenzhen; for defaults from 2020 onwards, the Investor Compensation Fund also covers such trades. Alongside commission, stamp duty of 0.1% on each of the buy and the sell is an ongoing cost on Hong Kong shares. Brokers are supervised by the Securities and Futures Commission (SFC); licensed firms carry a CE number.

The ranking

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Brokers available
34of 72
With a local licence
0
Tier-1 regulated
32
Avg. score
4.0

Market in figures

Hong Kong: the broker market in figures

34 of the 72 brokers in our dataset accept clients resident in Hong Kong. The figures below count only what a record documents — a missing entry never counts as a yes.

HKD as an account currency
8of 34
Customer support in English
34of 34
Commission on a €5,000 share order
€0 – €510 providers with a comparable price
No custody fee (documented)
16of 34

Run your own numbers

Country profile

Market profile

Supervision, investor protection and tax — the three points that decide the account.

Hong Kong

HK · Country profile

Local currency
HKD
Local regulator
SFC
Recorded providers
34 of 72

Investor protection

Investor Compensation Fund — up to HKD 500,000 per person for securities and a separate HKD 500,000 for futures, per holder on joint accounts. It pays when a licensed intermediary or authorised financial institution defaults in relation to exchange-traded products in Hong Kong, and, for defaults from 1 January 2020, also for Shanghai and Shenzhen securities traded through the Stock Connect northbound link.

The part that decides

Tax notes

Hong Kong levies no capital gains tax. Per the tax authority IRD, profits tax applies only to profits from a trade or business carried on in Hong Kong and excludes profits from the sale of capital assets; dealing-like activity can fall under it. Dividends from a company that is itself subject to profits tax are excluded from assessable profits; we have not read a separate IRD statement on dividends received by individuals. Buying and selling Hong Kong stock attracts stamp duty of 0.1% of the consideration on each side (from 17 November 2023), 0.2% for the round trip. There is no tax treaty with the United States, so US dividends bear 30% US withholding tax. Voluntary MPF contributions to a TVC account and qualifying deferred annuity premiums are deductible up to HKD 60,000 a year together.

Brokers that withhold tax locally

Our dataset records no provider as a tax withholding agent for this country. How you declare the income is governed by the country's tax law.

Orientation based on the general legal position — not tax advice. Your personal situation and the legislation in force at the time govern.

Available here

The ranking

Ranked by our overall score across ten weighted criteria. Only providers that accept clients resident here.

See all brokers
Where you live decides which brokers and promotions are open to you. The page language is independent of it.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Rank 1

Charles Schwab

The full-service US giant that also owns thinkorswim, a professional-grade trading platform.

  • US long-term investors
  • Options and futures traders
Stocks (per order)
Free
Minimum deposit
None
FX conversion
1 %
StocksETFsOptionsFutures+5
  • Pros: USD 0 commission on every online listed US stock and ETF order, with no share cap and no proprietary-fund restrictions
  • Cons: No spot cryptocurrency trading — only ETFs, futures and crypto-adjacent equities, which puts Schwab behind Fidelity and well behind Robinhood
Group index 93/100
SECFINRA, FDIC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 2IG logo

IG

The most complete leveraged-trading operation in Europe — and it prices like it knows that.

  • Experienced CFD and spread bet traders
  • Multi-asset traders who want one account

Volume rebate — CFD volume rebate at the Bermuda entity

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.8 %
StocksETFsOptionsFutures+9
  • Pros: Around 17,000 tradable markets in a single account — shares, indices, FX, commodities, bonds, ETFs, turbo warrants and crypto CFDs, subject to regional restrictions
  • Cons: The 0.8% currency conversion mark-up on foreign-currency CFD and spread bet trades is where much of the real cost hides — on a USD position round-trip it comfortably exceeds the spread
Group index 100/100
FCABaFin, FINMA, ASIC, MAS, JFSA, DFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 3Interactive Brokers logo

Interactive Brokers

The cheapest serious route to almost every market on earth — if you can live with the learning curve.

  • Active and professional traders
  • Multi-currency investors

Up to USD 1,000 in stock — Referral programme with share credit

Note: this button leads to the Interactive Brokers home page and is not a referral link. The share credit is only available if you open the account through an invitation from an existing Interactive Brokers client.

Stocks (per order)
0.05 %
Minimum deposit
None
FX conversion
0 %
StocksETFsOptionsFutures+8
  • Pros: US stocks from USD 0.0035 per share on the Tiered plan, minimum USD 0.35 per order and capped at 1% of trade value
  • Cons: Customer support is the most common complaint: many requests go through the ticket system, and public reviews (e.g. on Trustpilot) often cite slow replies and template answers
Group index 90/100
SECFCA, CBI, ASIC, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 4CMC Markets logo

CMC Markets

One of the best charting packages in retail CFD trading, wrapped around a narrower product range than the market count suggests.

  • Technical and chart-driven traders
  • UK and Irish spread betting
Stocks (per order)
Free (CFD)
Minimum deposit
None
FX conversion
0.7 %
StocksETFsOptionsForex+6
  • Pros: Next Generation is one of the strongest charting suites bundled with a retail CFD account —115+ indicators, 70 chart patterns, 12 chart types and pattern-recognition scanners, at no extra cost
  • Cons: None of CMC's derivatives is exchange-traded: the options it quotes are OTC and cash-settled, and there are no cleared futures at all, so CMC is the counterparty on every derivative contract and no clearing house stands behind it
Group index 94/100
FCAASIC, BaFin, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 5

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

  • Active FX traders
  • Scalping and day trading

From 0.0 pips — Raw spreads from 0.0 pips with commission

Stocks (per order)
0.1 % (CFD)
Minimum deposit
US$10
FX conversion
n/a
StocksETFsForexCFDs+5
  • Pros: Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Everything is a CFD. You never own the share or ETF, so there are no voting rights, no transferable holdings and no dividend tax reclaim
Group index 82/100
FCAASIC, BaFin, CySEC, DFSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 6Saxo logo

Saxo

A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.

  • Multi-asset portfolios
  • Bond investors

Tiered — Improved pricing at higher account tiers

Stocks (per order)
0.08 %
Minimum deposit
None
FX conversion
0.25 %
StocksETFsOptionsFutures+7
  • Pros: Full Danish banking licence (Finanstilsynet licence 1149) and SIFI designation — a stronger structural safeguard than a broker-only permission
  • Cons: Currency conversion costs 0.25% over mid-market for EU and Swiss clients, and up to 0.60% at the UK entity's Classic tier — the single largest hidden cost for cross-currency investors
Group index 96/100
DFSAFCA, FINMA, MAS, JFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 7CapTrader logo

CapTrader

Interactive Brokers' market access wrapped in German regulation, German support and a German phone number.

  • German-speaking options and futures traders
  • Active traders who want IBKR pricing with German support
Stocks (per order)
0.1 %
Minimum deposit
€2,000
FX conversion
0 %
StocksETFsOptionsFutures+7
  • Pros: BaFin-supervised German investment firm (institution number 10156708) with a Düsseldorf address, German contract law and a free German hotline until 20:00
  • Cons: No Abgeltungsteuer is withheld. German investors gain a compounding advantage but must declare everything themselves via Anlage KAP, and a Freistellungsauftrag is not possible — for many people that alone rules CapTrader out
Group index 81/100
BaFinCBI, FCA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 8

IC Markets

One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.

  • Algorithmic and EA traders
  • Scalping and high-frequency FX
Stocks (per order)
0.1 % (CFD)
Minimum deposit
€200
FX conversion
n/a
StocksFuturesForexCFDs+5
  • Pros: All-in EUR/USD cost of roughly 0.6 to 0.8 pips on Raw Spread - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Most non-EU, non-Australian clients contract with Raw Trading Ltd under Seychelles licence SD018 - an offshore regulator with no investor compensation scheme behind it
Group index 70/100
ASICCySEC, FSCA, FSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 9Kraken logo

Kraken

The most heavily licensed venue in crypto — and the only one that is also a chartered US bank.

  • Traders who prioritise regulatory quality
  • Crypto derivatives and margin traders
Stocks (per order)
Share trading not offered
Minimum deposit
€1
FX conversion
n/a
StocksETFsOptionsFutures+3
  • Pros: Wyoming SPDI bank charter through Kraken Financial — a full-reserve institution required to hold 100% unencumbered liquid assets against customer fiat, with a Federal Reserve limited-purpose master account
  • Cons: Entry-tier spot pricing of 0.40% maker and 0.80% taker is the most expensive base rate among major regulated venues, and you need USD 10,000 of 30-day volume before it drops below 0.40% taker
Group index 78/100
CBIFCA, SEC, CFTC, WY DoB, CySEC, VARA, BVI FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 10

OANDA

Thirty years, six top-tier licences and one of the strongest mobile apps in FX - attached to spreads you have to work around.

  • Beginners
  • Mobile-first traders
Stocks (per order)
0.06 % (CFD)
Minimum deposit
None
FX conversion
1 %
StocksETFsForexCFDs+6
  • Pros: Regulated by six tier-1 authorities - CFTC/NFA, FCA (542574), CIRO, ASIC (AFSL 412981), MAS and the JFSA - a licence footprint almost nobody in retail FX matches
  • Cons: The default spread-only account is expensive: EUR/USD has been measured at 1.4 to 1.7 pips against roughly 0.8 pips all-in at raw-spread competitors
Group index 89/100
CFTC/NFAFCA, ASIC, CIRO, MAS, JFSA, KNF, BVI FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 11

ThinkMarkets

Raw-spread pricing, six licences and a strong mobile app - held back by its withdrawal record.

  • Active FX traders
  • Mobile-first traders
Stocks (per order)
in the spread (CFD)
Minimum deposit
None
FX conversion
n/a
StocksETFsForexCFDs+4
  • Pros: ThinkZero all-in EUR/USD cost of about 0.8 pips - raw spreads from 0.0 pips plus USD 3.50 per lot per side on forex and metals
  • Cons: 75 percent of ThinkMarkets UK retail accounts lose money trading CFDs, and disclosures across the group's entities have ranged from roughly 68 percent to 89 percent
Group index 79/100
FCAASIC, JFSA, CySEC, FSCA, FSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 12

Webull

A desktop-grade trading terminal wrapped in a zero-commission app — with a support desk that lags badly behind the software.

  • US options traders
  • Chart-driven active traders
Stocks (per order)
Free
Minimum deposit
None
FX conversion
n/a
StocksETFsOptionsFutures+5
  • Pros: USD 0 commission on US-listed stocks, ETFs and equity options, with no per-contract fee — index options are the only equity-derivative exception at USD 0.50 per contract
  • Cons: Customer support is the standing complaint: Trustpilot sits at roughly 1.3–1.4 out of 5, with transfers and account access the most common themes
Group index 86/100
FINRACFTC/NFA, FCA, ASIC, MAS, AFM
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Accounts and offers

Tax-advantaged accounts in Hong Kong

What tax law provides, with source and date. Whether an account suits your situation is not something we judge — this is not tax advice.

Tax-advantaged accounts in Hong Kong
AccountLimitMinimum holding periodTax treatmentHoldings and rulesSource
TVCTax Deductible MPF Voluntary ContributionsPension product
  • deductible up to HK$60,000 per year, shared with Qualifying Deferred Annuity Premiums
not stated
  • Contributions reduce taxable income
not statedSource: gov.hkAs of 25 October 2026
Qualifying Deferred Annuity PremiumsInsurance contract
  • deductible up to HK$60,000 per year, shared with TVC
not stated
  • Contributions reduce taxable income
not statedSource: gov.hkAs of 25 October 2026
TVC
Deductible under salaries tax and personal assessment when the contributions are paid into a TVC account under the Mandatory Provident Fund Schemes Ordinance held by the taxpayer. The HKD 60,000 limit applies from the year of assessment 2020/21 to TVC contributions and qualifying deferred annuity premiums together. The money goes into MPF scheme funds, not into a brokerage account; we have not read the withdrawal rules.
Qualifying Deferred Annuity Premiums
Premiums for qualifying deferred annuity policies; they share the limit with TVC contributions.

What brokers in our comparison offer in Hong Kong

Only brokers that accept clients resident in Hong Kong, and only what a source documents. A broker missing from a row is undocumented — not a “no”.

Licence from a regulator of the country

  • SaxoSFC AVD061Source: home.saxoAs of 25 October 2026

    Per Saxo, licences for regulated activities of types 1 (dealing in securities), 2 (futures), 3 (leveraged foreign exchange), 4 (advising on securities) and 9 (asset management).

  • WebullSFC BNG700 · 微牛證券有限公司Source: webull.hkAs of 25 October 2026

    Per Webull, type 1 (dealing in securities), type 2 (futures) and type 4 (advising on securities) licences.

Website in Chinese

By trading style

Best broker per category

Every category weights the rating criteria differently — which is why the same provider rarely wins everywhere.

Transparency

Not available here

Transparency means showing the gaps too. These recorded providers do not accept clients resident here.

Tax and protection

Tax, supervision and investor protection in Hong Kong

Every fact with its source and the date we read it. Not tax or investment advice.

Supervision

Investor protection

  • Investor Compensation FundSecurities: up to HK$500,000 per clientSource: hkicc.org.hkAs of 25 October 2026

    A separate limit of HKD 500,000 applies to losses on futures contracts; on a joint account the limit applies to each holder. Per the Investor Compensation Company, the fund pays when a licensed intermediary or authorised financial institution defaults in relation to exchange-traded products in Hong Kong; for defaults from 1 January 2020 also for Shanghai and Shenzhen securities traded through the northbound link of Stock Connect. The SFC recognises the Investor Compensation Company to administer the fund.

Such schemes pay when an institution fails and cannot return securities or cash. They do not cover falling prices.

US withholding tax

30% on US dividends: there is no income tax treaty with the US

Source: irs.govAs of 25 October 2026

Hong Kong has no row of its own in IRS Table 1 (rev. May 2023), so the “Other Countries” rate of 30% applies to US dividends.

Transaction tax

  • Stamp duty (Hong Kong stock)0.1% on purchases and sales (since 17 November 2023)Applies to: SharesSource: gov.hkAs of 25 October 2026

    0.1% of the consideration on every bought note and every sold note for Hong Kong stock, 0.2% for a round trip (GovHK, revised May 2026).

Locally licensed providers we do not compare (yet)

Not rated and not part of our ranking; listed alphabetically. The details come from the providers themselves and the sources named.

  • Futu Securities International (Hong Kong)

    not rated
    Regulator:
    SFC
    Licence:
    CE AZT137
    Website: futuhk.comSource: futuhk.comAs of 25 October 2026

    Per its own statement, type 1, 2, 3, 4, 5, 7 and 9 licences (brand Futubull). We compare the sister brand moomoo; per moomoo, Hong Kong is not among its countries.

  • Long Bridge HK (Longbridge)

    not rated
    Regulator:
    SFC
    Licence:
    CE BPX066
    Website: longbridge.comSource: longbridge.comAs of 25 October 2026

    Per its own statement, type 1, 2 and 4 licences.

  • Tiger Brokers (HK) Global

    not rated
    Regulator:
    SFC
    Licence:
    CE BMU940
    Website: itiger.comSource: itiger.comAs of 25 October 2026

Sources and dates

We read every fact in these sections at the source named, on the date shown. Law and offers change; the source is what counts.

Show 12 sources
  1. Source: hkicc.org.hkAs of 25 October 2026
  2. Source: gov.hkAs of 25 October 2026
  3. Source: interactivebrokers.com.hkAs of 25 October 2026
  4. Source: home.saxoAs of 25 October 2026
  5. Source: home.saxoAs of 25 October 2026
  6. Source: webull.hkAs of 25 October 2026
  7. Source: irs.govAs of 25 October 2026
  8. Source: gov.hkAs of 25 October 2026
  9. Source: hkicc.org.hkAs of 25 October 2026
  10. Source: futuhk.comAs of 25 October 2026
  11. Source: longbridge.comAs of 25 October 2026
  12. Source: itiger.comAs of 25 October 2026

Head to head

The top 8, row by row

Fees apply to retail accounts under normal market conditions. Each provider's data date is on its review.

The top 8, row by row — Hong Kong
Rank#BrokerOverall scoreStocks (per order)Minimum depositFX conversionLocal licenceTax withheldAsset classesAction
1Charles SchwabSEC · FINRA · FDIC4.6FreeNone1 %Local licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

2IG logoIGFCA · BaFin · FINMA4.5FreeNone0.8 %Local licenceTax withheld13Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

3Interactive Brokers logoInteractive BrokersSEC · FCA · CBI4.50.05 %None0 %Local licenceTax withheld12Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

4CMC Markets logoCMC MarketsFCA · ASIC · BaFin4.4Free (CFD)None0.7 %Local licenceTax withheld10Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

5PepperstoneFCA · ASIC · BaFin4.40.1 % (CFD)US$100.8 pipsLocal licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

6Saxo logoSaxoDFSA · FCA · FINMA4.40.08 %None0.25 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

7CapTrader logoCapTraderBaFin · CBI · FCA4.20.1 %€2,0000 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

8IC MarketsASIC · CySEC · FSA4.20.1 % (CFD)€2000.8 pipsLocal licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Provider holds a licence from a supervisory authority of this country. Our dataset records the provider as a tax withholding agent for this country.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Countries

Frequently asked questions

34 of the 72 providers recorded in our dataset accept clients resident in Hong Kong. The highest rated right now are Charles Schwab, IG and Interactive Brokers. The full ranking with fees and regulation is at the top of this page.

Content on Brokaro is for information purposes only and is not investment, legal or tax advice. All information is provided without guarantee; only the provider's own statements are authoritative.

Read on

Guides and calculators for investors in Hong Kong

Background on tax, fees and regulation — and calculators for your own amounts.

Guides

Calculators

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