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. As a former management consultant, he has worked on major operational transformation programmes at prominent European 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, as long as they continue to adhere to their local tax rules.

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 10 Platforms For Day Trading In Hong Kong

Following our extensive tests of hundreds of online brokers, these 10 stand out as the best for short-term traders in Hong Kong:

Click a broker for details
  1. 1
    AvaTrade
    20% Welcome Bonus up to $10,000

    Ratings
    4.8 / 5
    4.3 / 5
    4.5 / 5
    3.8 / 5
    4.3 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4 / 5

    $100
    0.01 Lots
    1:30 (Retail) 1:400 (Pro)
    ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
    WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
    Skrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, Boleto
    USD, EUR, GBP, CAD, AUD
  2. 2
    IC Markets

    Ratings
    4.6 / 5
    4 / 5
    3.5 / 5
    4.6 / 5
    4 / 5
    4.5 / 5
    4 / 5
    3.5 / 5
    3.1 / 5
    4.2 / 5

    $200
    0.01 Lots
    1:1000
    ASIC, CySEC, FSA, CMA
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
    MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
    PayPal, Skrill, Neteller, Visa, UnionPay, Wire Transfer, Rapid Transfer, Mastercard, POLi, BPAY, Credit Card, Klarna, Swift, SafeCharge
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  3. 3
    Exness

    Ratings
    4.5 / 5
    4.3 / 5
    4.2 / 5
    4.8 / 5
    4.3 / 5
    4.5 / 5
    4.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5

    $10
    0.01 Lots
    1:2000
    FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    Exness Trade App, MT4, MT5, TradingCentral
    Wire Transfer, Credit Card, Visa, Mastercard, Bitcoin Payments, Boleto, Airtel
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY
  4. 4
    Pepperstone
    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

    Ratings
    4.6 / 5
    4 / 5
    3.8 / 5
    4.4 / 5
    4.4 / 5
    4.6 / 5
    4.3 / 5
    4 / 5
    4.4 / 5
    4.1 / 5

    $0
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
    MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
    Visa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, Skrill
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  5. 5
    IC Trading

    Ratings
    2.8 / 5
    3.5 / 5
    3 / 5
    4 / 5
    4 / 5
    2.8 / 5
    3 / 5
    2.2 / 5
    4.8 / 5
    4.6 / 5

    $200
    0.01 Lots
    1:500
    FSC
    CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
    MT4, MT5, cTrader, AutoChartist, TradingCentral
    PayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit Card
    USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD
  6. 6
    XM
    $30 No Deposit Bonus When You Register A Real Account

    Ratings
    4.3 / 5
    4.5 / 5
    4.3 / 5
    4.3 / 5
    4 / 5
    4.5 / 5
    4.5 / 5
    4.5 / 5
    4.7 / 5
    3.9 / 5

    $5
    0.01 Lots
    1:1000
    ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNF
    Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
    MT4, MT5
    Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-Pesa
    USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF
  7. 7
    Eightcap

    Ratings
    4.3 / 5
    4 / 5
    3.6 / 5
    3.8 / 5
    4.3 / 5
    4 / 5
    3.5 / 5
    3.5 / 5
    4.8 / 5
    4.4 / 5

    $100
    0.01 Lots
    1:500
    ASIC, FCA, CySEC, SCB, CNMV
    CFDs, Forex, Stocks, Indices, Commodities, Crypto
    MT4, MT5, TradingView
    Neteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX Payment
    USD, EUR, GBP, CAD, AUD, NZD, SGD
  8. 8
    RoboForex
    $30 No Deposit Bonus
    RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.

    Ratings
    3 / 5
    4 / 5
    4 / 5
    3.5 / 5
    4.1 / 5
    4.3 / 5
    3.8 / 5
    3.8 / 5
    4.7 / 5
    4.4 / 5

    $10
    0.01 Lots
    1:2000
    IFSC
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
    R StocksTrader, MT4, MT5, TradingView
    Visa, iDeal, Trustly, Neteller, Skrill, Giropay, Sofort, Wire Transfer, Rapid Transfer, Alipay, POLi, Perfect Money, MoneyGram, Cashu, SafeCharge, WeChat Pay, Vietcombank Transfer, Volet, ecoPayz, AstroPay
    USD, EUR
  9. 9
    InstaForex
    Choose between: Club Bonus, 30 %, 55 % and 100 % bonuses
    All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.

    Ratings
    4 / 5
    3.9 / 5
    4.2 / 5
    4 / 5
    3.9 / 5
    3.7 / 5
    3.5 / 5
    3.6 / 5
    3.6 / 5
    3.6 / 5

    $1
    0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
    1:1000
    BVI FSC
    Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
    MT4, MT5
    Skrill, Mastercard, Visa, Neteller, Wire Transfer, Przelewy24, Giropay, Rapid Transfer
    USD, EUR, GBP, PLN, CZK
  10. 10
    Trade Nation
    200 Sign-Up Reward Points
    84% of retail investor accounts lose money when trading CFDs with this provider.

    Ratings
    4.3 / 5
    4.5 / 5
    3.5 / 5
    4.5 / 5
    4.3 / 5
    4.5 / 5
    3.8 / 5
    3.8 / 5
    4.1 / 5
    0 / 5

    $0
    0.1 Lots
    1:500 (entity dependent)
    FCA, ASIC, FSCA, SCB, FSA
    Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
    MT4
    Credit Card, Visa, Mastercard, Wire Transfer, Skrill, PayPal, Debit Card
    USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK

This is why we think these brokers are the best in this category:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
  6. 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.
  7. Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
  8. RoboForex - RoboForex is an online broker, established in 2009 and registered with the IFSC in Belize. Traders can choose from five accounts (Prime, ECN, R StocksTrader, ProCent, Pro) catering to different needs with trades from 0.01 lots and spreads from 0 pips. RoboForex has also enhanced its offering over the years, adding CFD instruments and launching its stock trading platform, plus the CopyFX system.
  9. InstaForex - InstaForex is a forex and CFD broker founded in 2007. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.
  10. Trade Nation - Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.

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
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, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM
IC Markets logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto MT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade 1:1000 ASIC, CySEC, FSA, CMA
Exness logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto Exness Trade App, MT4, MT5, TradingCentral 1:2000 FSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
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
IC Trading logo
$200 CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures MT4, MT5, cTrader, AutoChartist, TradingCentral 1:500 FSC
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, CNMV, AMF, KNF
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:500 ASIC, FCA, CySEC, SCB, CNMV
RoboForex logo
$10 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures R StocksTrader, MT4, MT5, TradingView 1:2000 IFSC
InstaForex logo
$1 Currencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures MT4, MT5 1:1000 BVI FSC
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

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."

Jemma Grist, Reviewer

AvaTrade Quick Facts

Bonus Offer20% Welcome Bonus up to $10,000
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures
RegulatorASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM
PlatformsWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:30 (Retail) 1:400 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD

Pros

  • WebTrader is well-suited to beginners and features a strong suite of technical analysis tools and market research for day traders
  • The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
  • Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low day trading margins

Cons

  • A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
  • It’s a shame that there are no rebate schemes for serious traders looking for additional perks - CMC Markets would be a better choice here
  • There is no ECN account with raw spreads

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."

Christian Harris, Reviewer

IC Markets Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto
RegulatorASIC, CySEC, FSA, CMA
PlatformsMT4, MT5, cTrader, TradingView, TradingCentral, DupliTrade
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • IC Markets 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 Markets prioritizes client security and transparency, helping to ensure a reliable trading experience globally.
  • IC Markets offers fast and dependable 24/5 support based on firsthand experience, particularly when it comes to accounts and funding issues.

Cons

  • While IC Markets offers a selection of metals and cryptos for trading via CFDs, the range is not as extensive as brokers like eToro, limiting opportunities for traders interested in these asset classes.
  • Despite four industry-leading third-party platforms, there is no proprietary software or trading app built with new traders in mind.
  • The breadth and depth of tutorials, webinars and educational resources still need work, trailing alternatives like CMC Markets and reducing its suitability for beginners.

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."

Tobias Robinson, Reviewer

Exness Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorFSA, CySEC, FCA, FSCA, FSC, CBCS, CNMV, KNF, AFM
PlatformsExness Trade App, MT4, MT5, TradingCentral
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, MYR, IDR, DKK, CHF, HKD, SGD, AED, SAR, HUF, BRL, NGN, THB, VND, UAH, KWD, QAR, KRW, MXN, KES, CNY

Pros

  • The broker is accessible for beginners with low minimum deposits from $10 and flexible payment methods
  • Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
  • Unlike many other brands, Exness doesn't charge any account maintenance or inactivity fees

Cons

  • There are several regional restrictions for retail traders including the USA, Europe and the UK
  • There are no promotional deals or loyalty schemes for high-volume day traders
  • Unlike most competitors, Exness doesn't provide its own education section

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."

Christian Harris, Reviewer

Pepperstone Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
RegulatorFCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
PlatformsMT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
  • Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
  • Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.

Cons

  • Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.
  • Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
  • There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.

IC Trading

"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "

Christian Harris, Reviewer

IC Trading Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures
RegulatorFSC
PlatformsMT4, MT5, cTrader, AutoChartist, TradingCentral
Minimum Deposit$200
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD

Pros

  • Trading Central and Autochartist are valuable tools for in-depth technical summaries and actionable trading ideas and are accessible from within the account area or the cTrader platform.
  • IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
  • The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.

Cons

  • The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
  • Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
  • Customer support performed woefully during testing with multiple attempts to connect via live chat and no one available to assist, plus unanswered emails, raising concerns about its ability to address urgent trading concerns.

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."

William Berg, Reviewer

XM Quick Facts

Bonus Offer$30 No Deposit Bonus When You Register A Real Account
Demo AccountYes
InstrumentsForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
RegulatorASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNF
PlatformsMT4, MT5
Minimum Deposit$5
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF

Pros

  • Powerful MT4 and MT5 platforms are available with 60+ and 80+ technical charting tools
  • 1000+ instruments are available, including recently added thematic indices, providing exposure to emerging industries
  • XM is a hugely respected broker authorized by tier-one regulators

Cons

  • There's $5 inactivity fee after only 3 months, though this won't affect active traders
  • There is weak regulatory oversight through the global entity
  • PayPal deposits are not supported

Eightcap

"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."

Christian Harris, Reviewer

Eightcap Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Crypto
RegulatorASIC, FCA, CySEC, SCB, CNMV
PlatformsMT4, MT5, TradingView
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, SGD

Pros

  • Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
  • With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.
  • Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.

Cons

  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.

RoboForex

"RoboForex is great if you want a vast range of 12,000+ day trading markets with ECN accounts, powerful charting and loyalty promotions. It also stands out for stock traders with its user-friendly R StocksTrader platform, featuring 3,000+ shares, fees from $0.01 and sophisticated watchlists."

Christian Harris, Reviewer

RoboForex Quick Facts

Bonus Offer$30 No Deposit Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures
RegulatorIFSC
PlatformsR StocksTrader, MT4, MT5, TradingView
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:2000
Account CurrenciesUSD, EUR

Pros

  • The R Stocks Trader platform rivals leading solutions like MT4, with netting and hedging capabilities, comprehensive backtesting, Level II pricing, and a flexible workspace.
  • RoboForex is known for its tight spreads starting from 0 pips and low minimum deposits from $10, making it accessible to those on a budget. The ability to trade with micro lots further lowers the barrier to entry for new traders.
  • The broker offers leverage up to 1:2000 for certain account types, which is among the highest in the industry. This high leverage allows day traders to maximize their trading potential, albeit with a corresponding increase in risk.

Cons

  • RoboForex now restricts base currency options to USD and EUR. This limitation may inconvenience day traders preferring to manage their accounts in other currencies, while potentially leading to conversion fees.
  • Despite 15+ years in the industry and registering with the Financial Commission, RoboForex is authorized by one ‘Red-Tier’ regulator – the IFSC in Belize, lowering the level of regulatory protections for traders.
  • While RoboForex offers competitive spreads, some of its account types come with high trading commissions up to $20 per lot, trailing the cheapest brokers, such as IC Markets.

InstaForex

"InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms."

William Berg, Reviewer

InstaForex Quick Facts

Bonus OfferChoose between: Club Bonus, 30 %, 55 % and 100 % bonuses
Demo AccountYes
InstrumentsCurrencies, Cryptocurrencies, Stocks, Indices, Metals, Oil and Gas, Commodity Futures and InstaFutures
RegulatorBVI FSC
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.10 of the lot (0.0001 of market lot for Cent.Standard and Cent.Eurica)
Leverage1:1000
Account CurrenciesUSD, EUR, GBP, PLN, CZK

Pros

  • InstaForex delivers a superb day trading environment, with the powerful MT4 and MT5 platforms offering dozens of technical analysis tools, automation capabilities and multiple order types
  • The broker is accessible for beginners, with low minimum deposits and zero-commission trading available.
  • The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources

Cons

  • Customer support is available only in EN, CZ, PL, and SK.
  • The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
  • The broker provides trading instruments only in the form of CFDs.

Trade Nation

"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."

William Berg, Reviewer

Trade Nation Quick Facts

Bonus Offer200 Sign-Up Reward Points
Demo AccountYes
InstrumentsForex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
RegulatorFCA, ASIC, FSCA, SCB, FSA
PlatformsMT4
Minimum Deposit$0
Minimum Trade0.1 Lots
Leverage1:500 (entity dependent)
Account CurrenciesUSD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK

Pros

  • The trading firm offers tight spreads and a transparent pricing schedule
  • Multiple account currencies are accepted for global traders
  • Full range of investments via leveraged CFDs for long and short opportunities

Cons

  • Fewer legal protections with offshore entity

Methodology

To identify the best day trading platforms in Hong Kong, we searched our database of 267 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 trading 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. This might be exotic currency pairs containing the Hong Kong dollar (HKD), such as the USD/HKD, given that forex trading in Hong Kong is big business.

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.

author image
Jemma Grist
Author
  • 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. If you do opt for an international firm, make sure you still follow the SFC’s regulations and tax rules in Hong Kong.

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 trading 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