Best Day Trading Platforms and Brokers in Hong Kong 2024

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Written By
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

To day trade popular Hong Kongese assets like currency pairs containing the Hong Kong dollar (HKD), stocks listed on the Hong Kong Stock Exchange (HKEX) and major export commodities like gold, you’ll need to sign up with an online broker.

Since not many brokers are directly licensed by the Securities and Futures Commission (SFC), many traders from Hong Kong sign up with trusted overseas firms.

We’ve assessed the best brokers for day trading in Hong Kong following hands-on tests. Many of these platforms cater specifically to Hong Kongers by offering domestic financial markets and accepting popular deposit methods like UnionPay.

Top 5 Platforms For Day Trading In Hong Kong

Following our extensive tests of hundreds of online brokers, these 5 stand out as the best for short-term traders in Hong Kong:

  1. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
  2. Exness - Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software.
  3. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.
  4. XM - XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading.
  5. IC Markets - 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.

Best Day Trading Platforms and Brokers in Hong Kong 2024 Comparison

Best Day Trading Platforms and Brokers in Hong Kong 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage Regulator Visit
AvaTrade logo
$100 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade 1:30 (Retail) 1:400 (Pro) ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM Visit
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 FSA, CySEC, FCA, FSCA, FSC, CBCS Visit
Pepperstone logo
$0 CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade 1:30 (Retail), 1:500 (Pro) FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB Visit
XM logo
$5 Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures MT4, MT5 1:1000 ASIC, CySEC, DFSA, FSC, FSCA Visit
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:1000 ASIC, CySEC, FSA Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500 ASIC, FCA, xCySEC, SCB Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 ASIC Visit
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral 1:500 FSC Visit
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 IFSC Visit
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000 BVI FSC Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 1:500 (entity dependent) FCA, ASIC, FSCA, SCB, FSA Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral 1:30 (Retail), 1:250 (Pro) FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 FMA, FSA Visit
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500 FCA, ASIC, FSCA, VFSC Visit
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) FCA, CySEC, FSCA, SCB, FSC Visit

#1 - AvaTrade

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
  • Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
  • Platforms: WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail) 1:400 (Pro)

#2 - Exness

Why We Chose Exness

Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 800,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
  • Platforms: Exness Trade App, MT4, MT5, TradingCentral
  • Minimum Deposit: $10
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:2000

#3 - Pepperstone

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

  • Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
  • Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
  • Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#4 - XM

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

  • Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
  • Regulator: ASIC, CySEC, DFSA, FSC, FSCA
  • Platforms: MT4, MT5
  • Minimum Deposit: $5
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

#5 - IC Markets

Why We Chose IC Markets

IC Markets 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 180,000 clients from over 200 countries.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
  • Regulator: ASIC, CySEC, FSA
  • Platforms: MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
  • Minimum Deposit: $200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:1000

Methodology

To identify the best day trading platforms in Hong Kong, we searched our database of 500 online brokers, pinpointed those accepting Hong Kong traders, and ranked them by their overall rating.

Our ratings are derived from over 100 data points and in-depth evaluations of each broker in key areas.

  • We made sure each broker accepts Hong Kongese day traders.
  • We verified the regulation and assigned a trust score for each broker.
  • We ensured each broker offers a wide range of markets.
  • We prioritized brokers with competitive day trading fees.
  • We checked that each broker offers reliable charting platforms.
  • We favored brokers with clear leverage and margin requirements.
  • We investigated whether each broker offers stable order execution.

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In Hong Kong

Based on our extensive tests and years in the industry, there are several considerations when choosing a broker:

Regulation & Trust

Choose a trustworthy and licensed broker.

This is especially important given that in recent years, the notorious ‘pig-butchering’ style scam has become prevalent in Asia, including being used by the Hong Kong-based fraud ring investigated in this report by Sophos. Ultimately, a tightly licensed broker will ensure that your funds are kept secure and help protect you from scams.

In Hong Kong, the Securities and Futures Commission (SFC) regulates the financial markets and is a respected ‘green-tier’ authority in line with our trust rating methodology. That said, the SFC doesn’t directly license many brokers compared to the ASIC or CySEC, for instance.

Nonetheless, opening a trading account overseen by any green tier authority should ensure you receive high standards of financial safeguarding. For example, negative balance protection prevents you from becoming indebted to your broker should a trade on a volatile Hong Kong stock, for instance, move against you.

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To check if a broker is licensed in Hong Kong, enter their name or company number into the public register of the SFC.
  • AvaTrade maintains its lead as one of the most respected brokers in the industry, with a long history since 2006 and multiple green tier licenses, including the ASIC (Australia) and CySEC (Cyprus).

Market Coverage

Choose a broker with a diverse range of markets.

Consider the particular markets you want to place short-term trades on. For Hong Kongers, this might be exotic forex pairs containing the Hong Kong dollar (HKD), such as the USD/HKD.

You may also be interested in equities listed on the Hong Kong Stock Exchange (HKEX), including notable stocks like Tencent Holdings and indices like the Hang Seng.

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Keeping a diverse portfolio of assets will help you spread risk, so you may also want to consider alternative investments like the country’s chief export commodities, notably gold and oil.

Infographic showing popular day trading markets in Hong Kong

  • Pepperstone offers a superb range of local markets for day traders in Hong Kong, including stock CFDs on 46 leading companies on the HKEX, as well as the Hang Seng Index, the USD/HKD pair and the iShares MSCI Hong Kong ETF.

Day Trading Fees

Choose a broker with competitive pricing on the assets you want to trade.

Spreads and commissions play an important role in determining a day trader’s profitability. In addition, non-trading fees like deposit and withdrawal costs, plus any conversion fees for transferring funds in Hong Kong dollars, are important considerations for traders making frequent transactions.

As part of our ongoing evaluations, we weigh these costs against the overall quality of service provided, as some brokers may provide excellent research tools in return for higher prices.

For example, you might get market sentiment data on specific Hong Kong assets, or insights into actions from the Hong Kong Monetary Authority (HKMA) which might affect the value of the HKD.

  • IC Markets continues to deliver some of the lowest fees in the industry, with spreads from 0.0 on the USD/HKD currency pair and from 7.00 on the Hong Kong 50 Index. I also appreciate the access to leading research tools, notably Trading Central, where I can filter for Hong Kong assets to find trading opportunities in domestic markets.

Platforms & Tools

Choose a broker with powerful and user-friendly charting platforms.

Short-term strategies require a stable environment to conduct technical analysis. Notably, having straightforward access to a range of technical indicators, drawing tools and timeframes can allow day traders to explore diverse opportunities.

These are readily available in prominent terminals like MetaTrader 4, cTrader and TradingView. The interface designs and navigation are down to personal preference, though I find TradingView a more enjoyable and seamless experience compared to MT4.

R Stocks Trader at RoboForex showing USD/HKD and Hong Kong Franklin FTSE charts
RoboForex – R Stocks Trader Showing Hong Kong Franklin FTSE
  • RoboForex delivers a range of powerful platforms to suit different needs, including MT4, MT5 and a proprietary stock trading app, R Stocks Trader, which allows you to seamlessly trade Hong Kong securities side-by-side using 10+ timeframes and over 35 indicators.

Leverage & Margin

Choose a broker with transparent leverage and margin requirements.

Understanding your outlay requirements and exposure when trading with leverage is vital, since this determines how much you ultimately risk.

Leverage essentially allows you to multiply your potential profits (and losses) while only depositing a small amount. It’s a key element of many day trading products, but one that must be approached cautiously, so a solid risk management strategy is crucial.

Let’s say I want to trade the USD/HKD pair with a leverage ratio of 1:10.

This means that if I put down a H$500 outlay, my potential profits and losses would increase by 10x, giving me H$5,000 in buying power.

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Jemma Grist
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  • XM stands out with high leverage up to 1:1000 (not recommended for inexperienced traders) and a really handy margin calculator to help you understand how much you need to open and hold leveraged positions.

Execution Quality

Choose a broker with fast and reliable order execution.

Active day traders need assurance that orders will be processed and filled quickly, as even minor delays can result in missed opportunities and larger costs in fast-moving markets.

This includes low latency (the time difference between order placement and fulfilment) and low slippage (the difference in requested price and executed price).

Execution speeds are crucial, especially for ultra-fast day trading strategies like scalping, so we prefer brokers with speeds of less than 100 milliseconds.

  • FxPro delivers rapid speeds of 13 milliseconds thanks to its institutional-grade fibre connections to Tier-1 banking institutions, making it a great choice for seasoned scalpers, serious day traders, and algo traders.

Account Funding

Choose a broker with an accessible minimum deposit and convenient payment options.

Most brokers we test have a minimum deposit requirement of 250 USD (approximately 1950 HKD) or less, though many of the best day trading platforms fall on the lower side of this amount.

It’s also worth considering a broker with convenient and local payment methods. According to findings by Adyen, card payment solutions like UnionPay still lead in Hong Kong, but e-wallets like WeChat Pay and AliPay are close behind.

  • Exness lets you get started with just a $10 minimum deposit, making it an excellent pick for beginners or those on a budget. Alongside offering UnionPay deposits, it’s also one of the few brokers that offers a HKD account, minimizing conversion fees for Hong Kong day traders.

FAQ

Who Regulates Day Trading Platforms In Hong Kong?

The Securities and Futures Commission (SFC) regulates day trading platforms in Hong Kong. That said, not many brokers are directly licensed with the SFC, so many Hong Kongers register with trusted international firms.

We recommend choosing a broker authorized by ‘green tier’ regulators, such as the FCA in the UK or ASIC in Australia.

Which Is The Best Broker That Accepts Day Traders From Hong Kong?

See our list of the best day trading platforms in Hong Kong to find a suitable option based on your needs.

If you’re looking for a wide range of local markets, for example, Pepperstone offers Hong Kongese currency pairs, stocks, indices and ETFs. For convenient payments, Exness distinguishes itself by offering HKD accounts and popular local payment methods like UnionPay.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com