Best Online Brokerage Accounts in Hong Kong 2021

With dozens of online brokerage options on the market, selecting the right investment account can be a difficult task. To help you decide, we analysed and compared dozens of online brokerage accounts based on their commissions, trading options and access to international markets.

ProviderBest For:Min. HK CommissionMin. US Commission
SoFi Hong KongLow commissions and platform feesHK$0US$0
Webull SecuritiesTrading HK and A-Shares with no commissionsHK$0N/A
Valuable CapitalAffordable fees with extensive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0
Interactive BrokersWide variety of market access and trading optionsHK$18US$0.35
Saxo Marketsbroadest market access and professional assistanceHK$40US$3
Min. Fees shown are for highest level accounts

The following are our picks for the best online brokerage accounts in Hong Kong. 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 comparing fees and commissions as a first priority, and then focusing on other features like available financial products and international market access.

ProviderBest For:HK CommissionUS Commission
SoFi Hong KongLow commissions and platform feesHK$0US$0
Webull SecuritiesTrading HK and A-Shares with no commissionsHK$0N/A
Valuable CapitalAffordable fees with extensive customer service optionsHK$3US$0.99
uSMART SecuritiesStock selection assistance and low commissionsHK$0US$0
Interactive BrokersWide variety of market access and trading optionsHK$18US$0.35
Saxo Marketsbroadest market access and professional assistanceHK$40US$3
Min. Fees shown are for highest level accounts

The following are our picks for the best online brokerage accounts in Hong Kong. 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 comparing fees and commissions as a first priority, and then focusing on other features like available financial products and international market access.

Cheapest Online Brokerage Accounts

Whether you're a beginner or a seasoned investor, you should prioritise low commissions and fees when selecting an online stock trading account. You will pay these costs whether or not your investments appreciate, so they can quickly eat into your returns. Consumers should focus first on commissions and platform fees which occur per trade, and then on custody and other management fees.

SoFi Hong Kong Brokerage Account

Consider this if you are looking for the cheapest online brokerage for HK and US stocks/ETFs

  • 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

With no commissions or platform fees to trade Hong Kong or US stocks and ETFs, SoFi Hong Kong is the cheapest online brokerage. By comparison, most online brokerages have at least a minimum commission (HK$3.00-HK$100.00) and a minimum platform fee of up to HK$50 per transaction. SoFi also has no sign up fees or minimum balance requirement, other than the government-mandated HK$10,000 deposit minimum required to set up any brokerage account.

Unfortunately, the SoFi Hong Kong platform only currently offers trading services for US and Hong Kong Stocks and ETFs, so experienced or professional traders looking for more market access and trading options may need to consider other options. Nonetheless, consumers seeking the cheapest trading platform available should definitely consider SoFi Hong Kong.

Webull Securities Brokerage Account

Consider this if you want to invest in 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 who only want to trade Hong Kong and A-Shares should definitely consider opening an account with Webull Securities. Webull allows account holders to trade Hong Kong stock and ETFs as well as A-Shares with no commission charges. There is a HK$10 platform fee per transaction (CN¥12 per order for A-Shares), but this is still low compared to the HK$15 market standard platform fee. While Webull offers a limited amount of financial products and customer service features, it's a great option for consumers seeking the low commissions for local securities and ETFs.

Best Online Brokerage Accounts for Beginners

If you're just starting out as an investor, it's important to choose an online brokerage which not only has low fees, but also enough customer support to help you learn and make informed decisions. Beginners should prioritise low costs and adequate support over market access or trading options.

Valuable Capital Brokerage Account

Consider this if you want low commissions and a wide array of customer support offerings

  • 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 stands out as a great option for beginners due to its low commissions and wide array of customer service features. Consumers pay as little as HK$18 total per order of Hong Kong Stocks or ETFs while also enjoying access to 24/7 online customer service, an online community for novice traders and integrated digital support, great features for helping beginner trades.

Although it offers low fees and strong customer service features, Valuable Capital only offers market access to HK, US and A-Share stocks.Nonetheless, Valuable Capital is a great option for beginners looking for affordable commissions and extensive customer support.

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
  • Read Our Full Review
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 beginners who trade mostly Hong Kong and US stocks that 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 SoFi and Webull Securities offer even lower commissions for trading Hong Kong stocks, uSMART offers competitive rates and assistance from an AI Smart Ranking, which provides scores and rankings of individual stocks, as well as covering pertinent economic and financial events. This is a great feature to help beginner investors easily make informed financial decisions.

Altogether, uSMART Securities is a great option for beginners seeking not just low commissions but helpful features as well.

Best Online Brokerage Accounts for Day Traders

Active day traders looking for an online securities account should still prioritise low fees, but should also make sure that the platform they select offers a wide enough market access and array of financial products to fit their needs. Additionally, day traders with large accounts or high trading frequency can take advantage of tiered pricing structures or volume-based savings not usually accessible to more casual traders.

Interactive Brokers Brokerage Account

Consider this if you are a high-frequency or margin trader seeking access to a wide variety 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 broad market access and a variety of financial products, making it a great option for day traders who want as many options as possible. Interactive Brokers also offers both a Fixed and Tiered pricing structure, giving frequent traders an opportunity to achieve a lower cost per trade. Those comfortable with trading on margin can also take advantage of Interactive Brokers' 2.50% margin rate–the lowest on the market.

Unlike zero-commission brokers, Interactive Brokers offers not just stocks and ETFs but futures, spot currencies, metals, bonds, mutual funds, and more. Account holders can buy and sell securities in 33 countries across Asia, North America and Europe. Ultimately, day traders who specifically look to leverage their frequent trading while enjoying access to a wide range of markets and products should consider opening an account with Interactive Brokers.

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 stands out from other online brokers by offering a wide variety of financial products, extensive market access and top level customer service features.


Consumers can invest in more than 40,000 financial products (including bonds, mutual funds, forex, commodities, futures, options and more) across 36 exchanges worldwide. VIP customers can also enjoy some of the most generous customer service features available, including a dedicated sales trader, personal relationship management and priority customer support.

Consumers should note that Saxo is relatively expensive compared to low-cost online brokerages, with minimum commissions ranging from US$3-US$10 depending on the membership level. 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. As such, 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 select 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 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

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. When beginning, it's crucial that you find a broker with low commissions and fees but also 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 different types of consumers, 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
Jacob Weiss

Jacob is a Junior Research Analyst at ValueChampion, focusing on credit cards and other consumer financial products. Previously, he covered hedge funds and long only products for Cambridge Associates. He holds a B.S. in Finance from the University of Maryland and has passed Level 1 of the CFA exam.