Forex trading brokers Hong Kong features 4 trusted online fx brokers who have developed a safe and trusted platform for Hongkongers to trade inside the foreign exchange. The trusted Hong Kong forex trading brokers are all regulated by the Hong Kong Securities and Futures Commission. Each one carry their own special features and benefits. All 4 are great for beginners with some awesome forex teaching resources.
InteractiveBrokers - https://www.interactivebrokers.com.hk/en/home.php - A great fx trading broker for having the recognition of serving their members with low cost commissions per trade. If Hongkongers know nothing about fx trading whatsoever, they can access the free educational resources and become successful traders. Also members of the Hong Kong stock exchange, Hong Kong foreign exchange, and is regulated by the Hong Kong Securities and Futures Commission.
Sun Hung Kai Forex (SHK Forex) - https://www.shkdirect.com - Easily integrates with trading platforms FX Trader Pro and EBSHK MT4. Backtesting available along with the ability to create Expert Advisors (EA'S). Keeps fx trading costs down by offering members Interbank pricing. One of the oldest licensed forex brokers in Hong Kong.
Saxo Markets - https://www.home.saxo/en-hk - Offers 182 FX pairs to trade which allows for more forex trade set-ups when compared to other forex trading brokers Hong Kong. Has over 600,000 members, award winning platform SaxoTraderGO, faster trade execution, and low cost trading fees.
Rakuten Securities HK- https://www.sec.rakuten.com.hk - Offers fixed spreads to fx traders, sign up bonuses as well as membership awards, free fx trading seminars for currency trading strategies and forex analysis. 5th largest forex retail broker in the world.
Many more online fx brokers exist for people who live in Hong Kong. When choosing an online fx broker you want to look for companies who have a large membership. If a broker has a small membership you run the risk of joining a fraudulant trading firm. Make sure the forex company is licensed with the Hong Kong Securities and Futures Commission.
Another benefit you want to look for when choosing a broker is low fees. Many brokers online charge excessive fees to newcomers who do not understand the fees associated with each trade they will make. New forex traders should understand the differences between fixed and floating spreads. Floating spreads can become expensive, especially when leverage is involved.
An online broker may charge a commission and sometimes may even charge both a spread and commission. For the most part fx brokers offer either a commission or spread.
Having an understanding of the carry trade will help as well. Depending on the direction of the currency pairs you trade, meaning EUR/GBP or GBP/EUR for example, your trade may have a "carry" if you do not close your trade by the end of the trading day. Your trade(s) may gain interest or be charged interest depending on the direction of the carry. Every broker has a different way they handle the carry so make sure to look this up before you join.
Beginning forex traders will benefit greatly from the Hong Kong fx brokers mentioned here. They all charge low fees and have great educational resources to go from a beginner to expert forex trader.