Compare the Best Brokerage Accounts for US Stocks 2021

The US stock market lists many of the world’s most profitable companies and is a great way to diversify your investment portfolio. There are dozens of brokerage platforms in Hong Kong, making it difficult to know which brokerage account is best for you. Our experts have analysed every brokerage firm in Hong Kong to identify the best accounts for beginner investors, expert traders, and investors looking for low fees.

ProviderBest For:Min. HK CommissionMin. US Commission
SoFi Hong KongLow commissions and platform feesHK$0US$0
TD AmeritradeUS$0 commission fees on online stock, ETF, and options tradesN/AUS$0
Charles SchwabLow fees but high minimum depositN/AUS$0
Valuable CapitalAffordable fees with competitive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0
Interactive BrokersBroad variety of market access and trading optionsHK$18US$0.35
Saxo MarketsMost extensive market access and professional assistanceHK$40US$3
Min. Fees shown are for highest level accounts

The following are our picks for the best brokerage accounts in Hong Kong for US 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.

SoFi Hong KongLow commissions and platform feesHK$0US$0
TD AmeritradeUS$0 commission fees on online stock, ETF, and options tradesN/AUS$0
Charles SchwabLow fees but high minimum depositN/AUS$0
Valuable CapitalAffordable fees with competitive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0
Interactive BrokersBroad variety of market access and trading optionsHK$18US$0.35
Saxo MarketsMost extensive market access and professional assistanceHK$40US$3
Min. Fees shown are for highest level accounts

The following are our picks for the best brokerage accounts in Hong Kong for US 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.

Low Fee Brokerage Accounts

Costs and fees associated with trading should be the first thing you consider when selecting a brokerage account. Fees are incurred whether or not you profit on your investment and quickly erode your profits, especially when investing in international markets. It would help if you first focused on commissions and platform fees charged on every transaction, and then look at custody fees and other administrative 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
HK Stocks & ETF CommissionHK$0
US Stocks & ETF CommissionUS$0
Platform FeeHK$0/transaction

SoFi Hong Kong is the cheapest online brokerage platform you can use for both US and Hong Kong trading. SoFi charges no commissions or platform fees to trade US stocks and ETFs, while other firms charge between US$0.99 and US$18 per transaction. SoFi has no signup fees or minimum balance requirement, other than the government-mandated HK$10,000 deposit minimum required to set up any brokerage account.


SoFi account holders can trade on margin, read investing insights from professionals, and earn SoFi Points which are redeemable for stocks and other rewards. SoFi will soon offer fractional shares to consumers, which means you can own affordable slices of even the most expensive stocks like Apple and Amazon.

One drawback of the SoFi Hong Kong platform is that it currently only offers services for US and Hong Kong stocks and ETFs, so traders looking for A-shares or access to other markets may want to consider another brokerage. Altogether, SoFi Hong Kong is a great no-fee choice for investing in the US stock market.

TD Ameritrade Brokerage Account

Consider this if you are looking for seamless US trading and educational resources

  • Receive US$100 transfer fee rebate when you transfer at least US$3,500 from another brokerage firm in 1st 2mo of opening account, end date:
  • ,
  • ,
HK Stocks & ETF CommissionN/A
US Stocks & ETF CommissionUS$0
Platform FeeHK$0/transaction

TD Ameritrade is a great choice for investors looking to trade US stocks with no commission fees. You can enjoy commission-free online stock, ETF, and option trades and use free stock quotes and educational resources to inform your investments with TD Ameritrade.


While a TD Ameritrade brokerage account is a good choice for seamless US market access, this account does not offer Hong Kong stocks and financial products. Investors seeking a brokerage account with more diverse market access may want to consider another service like SoFi Hong Kong or Valuable Capital.

Charles Schwab Hong Kong U.S. Dollar Account

Consider this if you want commission-free US trades and a Security Guarantee

HK Stocks & ETF CommissionN/A
US Stocks & ETF CommissionUS$0
Platform FeeHK$0/transaction

Charles Schwab Hong Kong U.S. Dollar Account offers consumers access to American stocks, ETFs, Bonds, and American Depositary Receipts (ADRs) with no platform fees and no custodian fees. The Schwab brokerage account stands out for its Schwab Security Guarantee which covers 100% of losses in any account due to unauthorized activity.


The Schwab brokerage account’s biggest downside is its high US$25,000 minimum deposit required to open an account. It is, therefore, best suited for wealthier consumers who are interested in investing significantly in US stocks.

Best Beginner Accounts for US Stocks

New investors should prioritise finding a brokerage with reasonable trading fees and excellent educational resources to help make informed decisions. Beginners should focus on low or no fees and robust customer support rather than market access or advanced trading techniques.

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

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.


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.

Beginner investors should note that the Valuable Capital Brokerage Account has higher fees for US trades than several other brokers. However, its great customer support and access to A-shares make it a good choice for safe 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 worth considering for beginner investors who trade mostly Hong Kong and US stocks and want extensive 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).

Although other brokerages like TD Ameritrade and SoFi have even lower commissions for investing in US stocks, uSMART still offers competitive rates and assistance from an AI Smart Ranking. This tool provides scores and rankings of individual stocks and analyses pertinent economic and financial developments around the world.

Best Online Brokerage Accounts for Expert Investors

Experienced investors looking for broad access to international markets and advanced trading techniques should definitely consider these brokerage accounts. Expert investors with large accounts or high trading frequency can take advantage of tiered pricing structures or volume-based savings not usually accessible to casual traders. While these brokerage accounts have higher commission fees than the low fee accounts listed above, they may still be worth it for more advanced traders.

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

Expert investors looking for broad market access and a wide range of products should consider Interactive Brokers. 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–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 US markets.

Beginner investors or those looking for low-fee access to US markets might be better off with a brokerage like SoFi Hong Kong. Interactive Brokers is optimised for aggressive investors looking for extensive access to different markets and investment vehicles.

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 has an extensive list of investment products and services for advanced traders. You can take advantage of these services, but you will pay higher fees for it. Consumers can invest in more than 40,000 financial products across 36 exchanges worldwide, including bonds, mutual funds, forex, commodities, futures, options and more.


You should note that Saxo brokerage accounts are relatively expensive compared to several other options in Hong Kong. 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.

Therefore, Saxo Markets brokerage accounts are a better fit for professional traders with large accounts who plan on taking advantage of the full range of financial products and exclusive services.

How To Choose

The key when selecting an online brokerage or securities account 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 also 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 underlying costs and features of the brokerage platform 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 US 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.