Compare the Best Brokerage Accounts for Hong Kong Stocks 2021

With dozens of brokerage firms to choose from, it can be difficult to determine which is the best for investing in Hong Kong stocks. Our experts recommend focusing on each account's fees and administrative costs, and then comparing market access and advanced trading services to identify the best choice for your needs. We have researched and compared every brokerage account in Hong Kong to determine the cheapest accounts, the best for market access and IPOs, and the easiest for beginners.

ProviderBest For:Min. HK CommissionMin. US Commission
SoFi Hong KongMinimal commission and platform feesHK$0US$0
Webull SecuritiesTrade HK stocks and A-shares with no commissionsHK$0N/A
Interactive BrokersExtensive market access and trading productsHK$18US$0.35
Saxo MarketsMost extensive market access and excellent professional assistanceHK$40US$3
Direct Spot Brokerage AccountIPO subscription service and no subscription feeHK$30US$13.8
Valuable CapitalAffordable fees with competitive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0

Min. Fees shown are for highest level accounts

The following are our picks for the best brokerage accounts for Hong Kong stocks. We compared and analysed each brokerage's commissions, platform fees, trading options, international market access and customer support features to identify the best options. When choosing a brokerage account, we recommend first comparing fees and commissions and then focusing on other features like available financial products and international market access.

SoFi Hong KongMinimal commission and platform feesHK$0US$0
Webull SecuritiesTrade HK stocks and A-shares with no commissionsHK$0N/A
Interactive BrokersExtensive market access and trading productsHK$18US$0.35
Saxo MarketsMost extensive market access and professional assistanceHK$40US$3
Direct Spot Brokerage AccountHK$0 IPO subscription serviceHK$30US$13.8
Valuable CapitalAffordable fees with competitive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0

Min. Fees shown are for highest level accounts

The following are our picks for the best brokerage accounts for Hong Kong stocks. We compared and analysed each brokerage's commissions, platform fees, trading options, international market access and customer support features to identify the best options. When choosing a broking account, we recommend first comparing fees and commissions and then focusing on other features like available financial products and international market access.

Cheapest Online Trading Brokerage Accounts

Low commissions and fees should be a top priority when selecting a brokerage account, as fees will significantly cut into your profits over time. Our experts recommend that you first focus on commissions and platform fees, and then on custodian fees and other management costs.

SoFi Hong Kong Brokerage Account

Consider this if you are looking for low fee trading for US and HK stocks

  • Receive 10 SoFi points when you open an account , end date:
  • ,
  • ,
HK Stocks & ETF CommissionHK$0
US Stocks & ETF CommissionUS$0
Platform FeeHK$0/transaction

SoFi Hong Kong is one of the cheapest online brokerage platforms on the market. SoFi Hong Kong account holders pay no commissions or platform fees, compared to most online brokerages that charge a minimum commission (HK$3.00-HK$100.00) and a minimum platform fee of up to HK$50 per transaction.


One drawback of this account is it only currently offers trading services for US and Hong Kong stocks and ETFs, so traders looking for A-Shares or access to other markets might be better off with another account. However, SoFi Hong Kong is expanding its services, and will soon offer consumers fractional shares so you can own a slice of any stock on the market.

Altogether, consumers looking for the cheapest account for investing in Hong Kong stocks should consider a SoFi Hong Kong Brokerage Account.

Webull Securities Brokerage Account

Consider this if you want no-fee access to Hong Kong stocks/ETFs and A-Shares

HK CommissionHK$0
HK Platform FeeHK$10/transaction
A-Shares CommissionCN¥0
A-Shares Platform FeeCN¥12/Order

Consumers interested in low-fee trading of Hong Kong stocks and A-Shares should consider opening an account with Webull Securities. Webull account holders can trade Hong Kong stock and ETFs and A-Shares with no commission charges.


Although there is a HK$10 platform fee per transaction (CN¥12 per order for A-Shares), this is still low compared to the HK$15 market standard platform fee.

While Webull offers a limited amount of customer service features and notably doesn’t provide access to US stocks and ETFs, it's still a good option for consumers seeking low commissions for local securities and ETFs.

Best Brokerage Accounts for Market Access

Experienced investors looking to trade in international markets or use more advanced financial products should consider the following brokerage accounts. These firms have higher commissions and fees but offer a much more diverse range of trades and tools to their consumers.

Interactive Brokers Brokerage Account

Consider this if you are a high-frequency or margin trader seeking access to a broad range of markets and products

  • Not currently offering promotions
  • US Stocks
  • (min.)
  • HK Stocks
  • (min.)
  • A-Shares
  • (min.)
Fixed
  • US$0.05
  • (US$1)*
  • 0.08%
  • (HK$18)
  • 0.08%
  • (CN¥15)
Tiered
  • US$0.0005-US$0.0035
  • (US$0.35)
  • 0.015%-0.08%
  • (HK$4-HK$12)
  • 0.015%-0.08%
  • (CN¥3-CN¥15)
* US ETFs have no transaction fees for Fixed account holders. Tiered Account commissions vary on monthly trading value

Interactive Brokers offers a broad range of financial products in multiple markets for expert investors. This brokerage offers both a Fixed and Tiered pricing structure, allowing frequent traders to achieve a lower cost per trade. Those comfortable with margin trading can also take advantage of Interactive Brokers' 2.50% margin rate, which is the lowest on the market.


Unlike most commission-fee brokers, Interactive Brokers account holders can trade on futures, spot currencies, metals, bonds, mutual funds and more. You can use an Interactive Brokers brokerage account to trade in 33 countries, including the United States.

Beginner investors looking for no-fee trading of Hong Kong stocks and ETFs might be better off with a SoFi Hong Kong Brokerage Account. Interactive Brokers is optimised for aggressive investors looking for extensive access to different markets and investment products.

Saxo Markets Brokerage Account

Consider this if you are a day trader looking for the widest variety of international market access

AccountUS (min.)HK (min.)A-Shares (min.)
ClassicUS$0.10 (US$10)0.08% (HK$40)0.08% (CN¥15)
PlatinumUS$0.085 (US$7)0.08% (HK$40)0.08% (CN¥15)
VIPUS$0.007(US$3)0.08% (HK$40)0.08% (CN¥15)
Account
  • US
  • (min.)
  • HK
  • (min.)
  • A-Shares
  • (min.)
Classic
  • US$0.10
  • (US$10)
  • 0.08%
  • (HK$40)
  • 0.08%
  • (CN¥15)
Platinum
  • US$0.085
  • (US$7)
  • 0.08%
  • (HK$40)
  • 0.08%
  • (CN¥15)
VIP
  • US$0.007
  • (US$3)
  • 0.08%
  • (HK$40)
  • 0.08%
  • (CN¥15)

Saxo Markets offers a diverse range of investment products and services for advanced traders. Account holders can invest in more than 40,000 financial products across 36 exchanges worldwide, including bonds, mutual funds, forex, commodities, futures, options and more.


This extensive market access does come at a significantly higher cost than cheaper brokerages. Each Saxo membership level has a different minimum deposit ranging from US$2,000 (equivalent to HK$15,500) at the Classic level to US$1,000,000 (equivalent to HK$7,750,000) at the VIP level.

Several brokerage firms offer lower commissions and fees than Saxo Markets, so you should only apply for an account if you are an expert trader looking for a diverse range of products.

Best Brokerage Accounts for IPOs

The following brokerage account offers competitive fees for IPOs and a broad range of financial products in local and international markets.

Direct Spot Brokerage Account

Consider this if you want no-fee access to Hong Kong stocks/ETFs and A-Shares

  • New customers receive discounted commission fee of HK$15 per trade during promotion period
  • 31 December 2021
  • Receive 1 free month of Quamnet Subscription Service or Xiaomi Wireless power Bank w/ 1st transaction of HK$10,000 or more
  • 31 December 2021
HK CommissionHK$30
US Stocks CommissionUS$13.8
A-Shares CommissionCN¥30

Direct Spot is a good choice for experienced investors looking to invest in IPOs. Hong Kong is expected to host a record-breaking number of IPOs in 2021, and Direct Spot account holders can easily apply to invest through the Direct Spot Portal. This brokerage firm has no IPO subscription fee, while many competitors charge between HK$50-HK$100 per month.


Direct Spot stands out for its IPO access, but its commission fees for trading Hong Kong and US stocks are significantly higher than several other firms. Casual investors might therefore be better off with a brokerage account from SoFi Hong Kong or uSMART Securities.

Best Brokerage Accounts for Beginner Investors

Beginner investors should search for a brokerage with quality customer service and low fees on trades. The following accounts offer significant educational resources and 24/7 support to help you make informed decisions while you invest.

Valuable Capital Brokerage Account

Consider this if you want low commissions and award-winning customer service

  • Receive 1 free share of NIO.US by opening an acccount, end date March 31 2021
  • Receive HK Stocks Real-time quotes for 20 days (worth HK$288) w/ HK$20k deposit; HK$300 coupon for successful referral, end date 31 January 2021
HK Commission (min.)0.03% (HK$3)
HK Platform FeeHK$15/order
US Commission (min.)US$0.0049/share (US$0.99)
US Platform FeeUS$0.005/share
A-Shares Commission (min.)0.01% (CN¥5)
A-Shares Platform Fee15CN¥/order

Valuable Capital has been recognized by numerous journals and finance organizations for its customer support and innovation. It offers 24/7 online customer service in multiple languages and boasts a robust trading community with millions of users to connect with.


Aside from its outstanding customer support, the Valuable Capital Brokerage Account offers new investors broad market access with low fees and impressive customer service. Consumers pay as little as HK$18 total per order of Hong Kong Stocks or ETFs and US$0.99 for US stocks.

Beginner investors should note that the Valuable Capital Brokerage Account has higher fees for Hong Kong trades than several other brokers on the market. However, its great customer support and access to A-shares make it a respectable choice for informed and diversified investing across multiple markets.

uSMART Securities Brokerage Account

Consider this if you are looking for specialised stock selection assistance and low commissions

  • Enjoy free 2 month HK Stock LV2 Real-Time Streaming Quote valued at HK$532, end date
  • , end date
  • , end date
CommissionPlatform Fee
$0 Commission PlanHK$0 first 90 days, then 0.03%HK$12
$0 Platform Fee Plan0.025%-0.08% (HK$8 min.)HK$0
High Frequency Plan0.03% (no min.)HK$1-HK$18
PRO Plan0.06% (no min.)HK$18
Platform Fees are incurred per transaction
US CommissionUS$0
US Platform Fee (min.)US$0.005/share (US$1.50/transaction)
A-Shares Commission (min.)0.02% (CN¥5/transaction)
A-Shares Platform FeeCN¥12/transaction
uSMART PRO Account incurs US$0.10 commission on US stocks and 0.8% commission on A-Shares

uSMART Securities is an excellent choice for new investors interested in Hong Kong and US stocks and want assistance when selecting investments. Account holders pay HK$0 commission (HK$0-HK$12 transaction fees) for Hong Kong stocks for the first 90 days of trading and US$0 commission (US$1.50 transaction fee) on US stocks indefinitely.


Depending on your preferences, you can opt for either a "$0 Commissions" plan (flat HK$12 platform fee per transaction) or "$0 Platform fee plan" (commission ranging from 0.08%-0.025%, HK$8 minimum per transaction).

While several other brokerage firms offer lower commissions and fees for trading Hong Kong stocks, new investors should still consider uSMART Securities for its AI Smart Ranking tool that provides important scores and rankings for different stocks.

How To Choose

When selecting an online brokerage or securities account, the key is to find a balance between low costs and features that fit your trading needs. Regardless of your trading needs, keeping commissions and other fees low is an important part of protecting the overall return on your investments.


You should be sure to choose an account that provides the appropriate level of customer service, market access and trading options for you. This will vary based on your individual preferences, but we strongly recommend you compare commissions and fees first, followed by additional features and options.

Finally, while some internet brokers offer enticing promotional offers like rebates or free shares, these are often subject to change, so the brokerage platform's underlying costs and features should hold priority over these.

Additional Fees

On top of commissions and platform fees charged on every trade, online brokerages often charge other fees like custody, security transfer (both inward and outward) and dividend collection fees. These fees can vary widely between brokerages, so be sure to consider them when comparing accounts. To help simplify the process, we have listed some of the most prevalent fees below, along with a range of what you might expect to pay.

Custody Fee*HK$0-HK$300 p.a.
Transfers In Fee0.0%-0.5% transaction value per stock
Transfer Out FeeHK$0-HK$500 per stock
Dividend Collection Fee0.0%-0.5% of dividend
* Most Online brokerages offer custody fee waivers

Regardless of broker, every trade in Hong Kong is subject to fees charged by various governmental bodies. Although these fees are unavoidable, you should still be aware of them as they can dramatically cut into any returns you may have on an individual trade or investment.

HK Government Stamp Duty0.1% of transaction amount
SEHK Trading Fee0.005% of transaction amount
SFC Transaction Levy0.0027% of transaction amount
CCASS Stock Settlement Fee0.002% of transaction amount (HK$2 min., HK$100 max.)
SEC Transaction Fee0.00221% of transaction amount
US Trading Activity FeeUS$0.000119/share (US$0.01 min,. US$5.95 max.)
* SEC and US Trading Fees are only charged on the sale of US securities

FAQs

The US stock market opens at 0930 EST (2230 HKT) and closes at 1600 EST (0500 HKT).

You can easily open an account with most brokerages online by simply applying through their platform. Generally, brokerages offer accounts regardless of deposit amount, although banks may require a minimum deposit and you can potentially get lower commission fees by depositing more money with a brokerage.

Due to its combination of low fees and helpful resources like 24/7 digital support and an online trading community, our team determined that Valuable Capital offers the best brokerage for investors who are just starting out. It's crucial that you find a broker with low commissions and fees and customer service features to support you as you begin investing.

Many brokerages have no minimum deposit requirement. However, the Securities and Futures Commission of Hong Kong does require an initial minimum deposit of HK$10,000.

Methodology

To determine which online brokerages are the best for trading Hong Kong stocks, we collected and compared the fees, commissions, market access, trading options and customer service offerings from dozens of online brokerages in Hong Kong.

Online Brokerages Included in ValueChampion's Study
CNCBIDah Sing BankE-TradeEverbright Sun Hung KaiFundsupersmart
FutuHang SengHSBCHuatai InternationalInteractive Brokers
Phillip Securities GroupSaxo MarketsSoFi Hong KongStandard CharteredTD Ameritrade
Direct SpotuSMART SecuritiesValuable Capital LimitedWebull SecuritiesWing Fung Financial Group
Charles SchwabFuyuan Securities LTD
Kevin Schwartz

Kevin is a Junior Research Analyst at ValueChampion specialising in credit cards in Hong Kong. He previously worked for the U.S. Congress as a Legislative Fellow as well as in international education in Beijing. He holds a B.A. in International Studies and Chinese from the College of the Holy Cross and received multiple scholarships for Chinese language studies, including the State Department Critical Language Scholarship.