The Hong Kong dollar (HKD) is pegged to the US dollar (USD), offering stability and reduced currency volatility, making it an appealing choice for traders in Hong Kong to base their trading accounts.
The Linked Exchange Rate System (LERS) has been a cornerstone of Hong Kong’s monetary policy since 1983. It maintains a stable exchange rate between the HKD and the USD, keeping it within a narrow band of HKD 7.75 to USD 7.85.
Explore DayTrading.com’s best brokers with HKD accounts based on our experts’ in-depth evaluations.
Best Brokers With HKD Accounts
After hands-on tests, these are the 6 top brokers that support HKD accounts:
-
- Demo account
- Regulator: FCA, FSCA, FSA
- Min. deposit: $50
-
- Demo account
- Regulator: ASIC, CySEC, FSA, SCB, CMA-Kenya
- Min. deposit: $200
-
- Demo account
- Regulator: FCA, ASIC, FSCA, VFSC, CIMA
- Min. deposit: $50
-
- Demo account
- Regulator: FCA, CySEC, FSCA, FSC
- Platforms: WebTrader, UM Social, UM App, MT4, MT5
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
-
- Demo account
- Instruments: Stocks, Options, ETFs, ADRs, OTCs
- Regulator: SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
Learn how we test brokers and why you can trust our ratings.
This is why we think these brokers are the best in this category in 2026:
- Moneta Markets 4.4/5 Founded in 2019 and headquartered in Johannesburg, South Africa, Moneta Markets offers over 1000 instruments for short-term trading. New traders can choose between STP and ECN accounts while the smooth sign-up process has helped attract 70,000 registered traders.
- IC 4.8/5 IC Markets (now IC) is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 200,000 clients from over 200 countries.
- Vantage 4.7/5 Founded in 2009, Vantage offers trading on 1000+ short-term CFD products to millions of clients. You can trade Forex CFDs from 0.0 pips on the RAW account through TradingView, MT4 or MT5. Vantage is ASIC-regulated and client funds are segregated. Copy traders will also appreciate the range of social trading tools.
- Ultima Markets 3.9/5 Ultima Markets is a forex and CFD broker, established in 2016. The firm is regulated by several financial bodies, including the CySEC. Users can trade 250+ CFDs spanning major asset classes, from currencies to stocks and commodities. As well as the industry-leading MetaTrader 4 platform, clients can use the Ultima Markets app and social trading service.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
- Moomoo 3.2/5 Moomoo is an SEC-regulated app-based investment platform that offers a straightforward and affordable way to invest in Chinese, Hong Kong, Singaporean, Australian and US stocks, ETFs and other assets. Margin trading is available and the brand offers a zero-deposit account as well as several bonuses.
Brokers With HKD Accounts Comparison
| Broker | HKD Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| Moneta Markets | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto | FCA, FSCA, FSA |
| IC | ✔Yes | $200 | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto | ASIC, CySEC, FSA, SCB, CMA-Kenya |
| Vantage | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds | FCA, ASIC, FSCA, VFSC, CIMA |
| Ultima Markets | ✔Yes | $50 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO | FCA, CySEC, FSCA, FSC |
| IG | ✔Yes | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB |
| Moomoo | ✔Yes | $0 | Stocks, Options, ETFs, ADRs, OTCs | SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Moneta Markets | 642 | ||||
| IC | 2 | ||||
| Vantage | 15742 | ||||
| Ultima Markets | 982 | ||||
| IG | 10162 | ||||
| Moomoo | 740 |
Moneta Markets
With ECN pricing featuring spreads from 0 and commissions from $1, leveraged trading, and terrific charting platforms, Moneta Markets is an excellent broker for experienced day traders.
Christian Harris, Reviewer
Moneta Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, FSCA, FSA
- Platforms
- AppTrader, ProTrader 2.0, MT4, MT5, TradingCentral
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, NZD, JPY, HKD, SGD, BRL
Pros
- Moneta Markets makes account funding a breeze, with plenty of account currencies, zero transfer fees and a wide selection of traditional, digital and now crypto-backed payment methods.
- Registering for an account with Moneta Markets is quick and easy through the digital sign-up process, taking just a few minutes with an accessible $50 minimum deposit.
- Moneta Markets supports a growing suite of 1000+ tradable assets, with a particularly strong selection of commodities and more recently fresh index CFDs.
Cons
- While trading costs are generally competitive, index CFDs feature fairly high spreads especially on US products like the S&P 500, trailing IC Markets during testing.
- The best pricing is reserved for traders who deposit $20,000 for the ECN Ultra account, putting it out of reach for most retail investors.
- Clients need an account balance of at least $500 to access educational materials, a serious drawback for beginners who can get free materials from brokers like IG and eToro.
IC
IC (formerly IC Markets) offers superior pricing, exceptionally fast execution and seamless deposits. The introduction of advanced charting platforms, notably TradingView, and the Raw Trader Plus account, ensures it remains a top choice for intermediate to advanced day traders.
Christian Harris, Reviewer
IC quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
- Regulator
- ASIC, CySEC, FSA, SCB, CMA-Kenya
- Platforms
- MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade, Quantower
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
Pros
- IC offers fast and dependable 24/7 support based on firsthand experience, particularly when it comes to accounts and funding issues.
- IC offers among the tightest spreads in the industry, with 0.0-pip spreads on major currency pairs, making it especially cost-effective for day traders.
- As a tightly regulated and widely respected broker, IC prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
Cons
- Interest isn't paid on unused cash, an increasingly popular feature found at alternatives like Interactive Brokers.
- The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.
- There are fees for certain withdrawal methods, including a $20 wire charge, which can eat into profits, especially for frequent withdrawals.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds
- Regulator
- FCA, ASIC, FSCA, VFSC, CIMA
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- Vantage has bolstered its algorithmic trading tools for advanced traders with AutoFibo EA identifying reversal opportunities
- It’s quick and easy to open a live account – taking less than 5 minutes
- The ECN accounts are very competitive with spreads from 0.0 pips and a $1.50 commission per side (Pro ECN account)
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
Ultima Markets
Ultima Markets is best for beginners looking to speculate on popular financial markets on the reliable MetaTrader 4 or more recently the MetaTrader 5 platform. The minimum deposit is accessible at $50, there are no fees when you open and fund your account, and the addition of the Academy makes for a supportive learning environment.
Jemma Grist, Reviewer
Ultima Markets quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs, Pre-IPO
- Regulator
- FCA, CySEC, FSCA, FSC
- Platforms
- WebTrader, UM Social, UM App, MT4, MT5
- Minimum Deposit
- $50
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, HKD, SGD
Pros
- $50 minimum deposit with the Standard account
- Fast execution speeds averaging <20ms
- Pre-IPO stocks added, including Rocket Launch and LEO Satellite networks
Cons
- Slow sign-up process compared to rivals
- $20,000 minimum deposit required for the very best trading conditions
- Weak regulatory oversight through the offshore branch
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
Cons
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
Moomoo
Moomoo remains an excellent choice for new and intermediate stock traders who want to build a diverse investment portfolio. What really stands out is the broker's user-friendly app and the low trading fees.
Jemma Grist, Reviewer
Moomoo quick facts
- Demo Account
- ✔Yes
- Instruments
- Stocks, Options, ETFs, ADRs, OTCs
- Regulator
- SEC, FINRA, MAS, SFC, ASIC, CIRO, JFSA, SC
- Platforms
- Desktop Platform, Mobile App
- Minimum Deposit
- $0
- Minimum Trade
- $0
- Account Currencies
- USD, CAD, AUD, JPY, MYR, HKD, SGD, CNY
Pros
- The Moomoo AI assistant, found in the desktop software and app, provides genuinely useful market insights to inform active traders
- The broker offers access to extended pre-market trading hours
- Moomoo's analytics and insights are impressive and detailed compared to other brands
Cons
- The account range is narrow compared to other brokerages in its class with no managed portfolios or robo-advisor solutions
- Moomoo has faced multiple regulatory penalties in recent years, including fines and orders in 2026 that stopped it temporarily accepting some Japanese and Chinese clients
- There is no negative balance protection, which is a common safety feature at top-tier-regulated brokers
How Did We Choose The Best Brokers?
To determine the top trading platforms offering HKD accounts, we followed a comprehensive evaluation process:
- Leveraged our vast directory of 143 online brokers and trading platforms.
- Filtered for the platforms that support Hong Kong dollar accounts.
- Assigned a rating to each platform based on quantitative data (100+ points) and qualitative assessments from our testing.
What Is A HKD Account?
A HKD account is a trading account whose base currency is Hong Kong dollars.
This account type offers a range of benefits, including the ability to avoid currency conversion fees, mitigate exchange rate risk, and efficiently deal in local assets like stocks and IPOs.
This convenience makes it an ideal choice for active traders involved in Hong Kong’s financial markets.
This is what my OANDA trading account looks like, denominated in HKD.
In my account settings, I simply selected ‘HKD’ from the list of base currencies.
Christian HarrisAuthor
Do I Need A HKD Trading Account?
Consider a HKD trading account if:
- You live in Hong Kong. With a HKD account, tax reporting is easier as you don’t need to track foreign exchange gains or losses, making accounting more straightforward.
- You frequently trade HKD-denominated assets, such as stocks on the Hong Kong Stock Exchange (HKEX), and want to eliminate fees associated with currency conversion.
- You want to avoid exposure to foreign exchange risks that could impact profits when trading Hong Kongese securities or converting to other currencies.
How Can I Check If A Broker Offers An Account In Hong Kong Dollars?
To check whether an online broker or trading platform supports a HKD account, follow these simple steps:
- Look for the ‘Account Options’ section on the broker’s website to find the currencies you can use for your trading account.
- Confirm that ‘HKD’ is listed as a supported base currency for your trading account.
- Sign up for a trading account and specify ‘HKD’ as your base currency.
Pros & Cons Of HKD Trading Accounts
Pros
- Hong Kong-based day traders can avoid fees and risks associated with exchanging currencies, mainly when trading HKD-denominated assets, leading to cost savings.
- A HKD account provides seamless trading on the HKEX and allows easy participation in Hong Kong IPOs and other local investment opportunities.
- The HKD’s peg to the USD offers exchange rate stability, reducing currency volatility and minimizing forex-related risks.
Cons
- A HKD account is primarily suited for trading in Hong Kong markets, and converting funds to other currencies for international trades may incur additional costs and delays.
- Many brokers do not offer stocks listed on the HKEX, which can disadvantage HKD account holders who want to avoid currency conversion fees when trading securities denominated in different currencies.
- The HKD’s peg to the USD means the US Federal Reserve influences interest rates and monetary policy, which could impact local investments even if unrelated to Hong Kong’s economic conditions.
FAQ
Which Is The Best Broker With A HKD Account?
Our experts have rigorously tested the best day trading platforms with HKD accounts.
Explore our curated list of the best trading platforms with HKD accounts to find the perfect fit for your trading needs.
How Much Does It Cost To Open A Trading Account Based In Hong Kong Dollars?
If you want to start trading with HKD, you’ll be pleased to know that many brokers require a minimum deposit of up to USD 250 (approximately HKD 1,950).
But there are exceptions. IG, for instance, has a much lower entry barrier with no minimum deposit, making it an ideal choice for beginners seeking a HKD-based trading account.
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