What's the best CFD broker in Hong Kong?
Verdict
- Pepperstone is our top CFD broker for Hong Kong residents: a $10 minimum, a published Razor average of 0.1 pips on EUR/USD plus $3.50 per side, HKD base accounts and five platforms.
- Know the licence before you sign: Hong Kong clients are served by Pepperstone Markets Limited, licensed in the Bahamas by the SCB (SIA-F217). Pepperstone holds no SFC licence.
- Capital.com is our second choice and XS our third; both accept Hong Kong residents, and neither appears in our data with an SFC licence either.
- If SFC supervision is a must, Saxo Capital Markets HK Limited is on the SFC register (CE No. AVD061).
For a Hong Kong trader who wants low published costs and a wide platform choice, we would open a CFD account with Pepperstone. The catch is regulatory: the company that holds your money is supervised in the Bahamas, not by Hong Kong's Securities and Futures Commission. Here is what that trade-off looks like next to Capital.com and XS.
Pepperstone first, with one condition
On the measures a CFD trader pays for every day, Pepperstone publishes clear numbers. Its Razor account averages 0.1 pips on EUR/USD with $3.50 commission per side on MT4, MT5 and TradingView, or $3.00 per side on cTrader. The Standard account averages 1.1 pips with no commission. The HK50 index CFD is listed at a 5-point average spread on Pepperstone's index-fees page, with no commission on index CFDs. You can hold the account in HKD, and the minimum to start is $10. The condition: Pepperstone has no Hong Kong company and no SFC licence. Your contract is with Pepperstone Markets Limited in Nassau, regulated by the Securities Commission of The Bahamas. Accept that, and Pepperstone is the account we would choose.
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Our top three side by side
Every figure below is what the broker itself publishes; blanks mean the number is not in our verified data, not that it is zero.
| Pepperstone | Capital.com | XS | |
|---|---|---|---|
| SFC licence | No | None in its published licence list | None in its published licence list |
| Regulator named for international clients | SCB Bahamas, SIA-F217 | Licence list includes SCB Bahamas, SIA-F245 | Licences include ASIC, CySEC, FSCA, Seychelles FSA, Labuan FSA |
| Minimum deposit | $10 | $20 | $500 for the Elite account |
| EUR/USD published cost | Razor 0.1 pips avg + $3.50/side | Not published in our data | Elite 0.1 pips avg + $6 round turn |
| HK50 published spread | 5 points average | Not in our data | Not in our data |
| Platforms | MT4, MT5, cTrader, TradingView, own app | Web, app, MT4, MT5, TradingView | MT4, MT5, XS app |
What are the best-rated CFD brokers in Hong Kong this year?
We do not publish star ratings or scores, and we would treat any site that does without showing its working with suspicion. Our order for Hong Kong residents is Pepperstone, Capital.com, then XS, based on published costs, platforms and minimums. Capital.com fits if you want a guaranteed stop-loss, which it offers and Pepperstone does not publish. XS suits MetaTrader users who can fund $500 for its Elite pricing.
What Bahamas regulation means for a Hong Kong client
- Retail clients are not liable for negative equity under the SCB terms, so you cannot lose more than your balance.
- No investor compensation scheme is named for this entity.
- Retail leverage reaches 1:200 on FX, gold and major indices and 1:20 on shares, far higher than in the UK or Australia; it magnifies losses just as fast.
- Pepperstone's international site says 80% of retail investor accounts lose money trading CFDs with this provider.
- Pepperstone publishes no Hong Kong-specific eligibility statement, so confirm during sign-up that your application is accepted.
Sources
Terms as published by each broker and by the SFC register.
Is Pepperstone licensed by the SFC?
No. A search of the SFC Public Register on 21 October 2026 returned no Pepperstone company. Hong Kong residents are served from the Bahamas under SCB licence SIA-F217.
Can I open a Pepperstone account in Hong Kong dollars?
Yes. HKD is one of ten base currencies on Pepperstone's international site, alongside USD, SGD, AUD and others.
Which CFD broker in Hong Kong has an SFC licence?
Of the firms in our fact pack, Saxo Capital Markets HK Limited is on the SFC register (CE No. AVD061). We have not verified which CFD products its Hong Kong arm offers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is not investment advice; broker terms change, so check them on the broker's own site before you open an account.