Which brokers accept deposits in Hong Kong dollars?
Verdict
- Pepperstone accepts Hong Kong dollars in the most useful way: HKD is one of ten base currencies on its international site, so you can deposit, trade and withdraw without converting, and it is our pick.
- On an HKD Razor account, commission is HKD 28.17 per side per standard lot, with the same published 0.1-pip EUR/USD average as other currencies.
- XS lists account currencies of USD, EUR and JPY, and funding in EUR, USD or GBP, so HKD would be converted. Capital.com's HKD terms are not in our data.
- An HKD account does not change who regulates you: Pepperstone serves Hong Kong from the Bahamas (SCB, SIA-F217) and has no SFC licence.
Many brokers will take a payment that started in Hong Kong dollars, but they convert it into USD or another account currency on arrival, and again on the way out. What you want is an account whose base currency is HKD. Pepperstone offers that, which is why it tops this list for Hong Kong traders.
Pepperstone's HKD account
Pepperstone's international site lists ten base currencies for Standard and Razor accounts: USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD and HKD. In an HKD account your balance, profit and loss and Razor commission (HKD 28.17 per side per standard lot) are all in Hong Kong dollars. Deposits by card, Apple Pay, Google Pay or e-wallet start at the equivalent of $10 and are free. One honest limit: Pepperstone does not list FPS or any other Hong Kong payment rail, so HKD arrives by card, e-wallet or bank transfer.
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HKD options compared
| Pepperstone | XS | Capital.com | |
|---|---|---|---|
| HKD base currency | Yes | No (USD, EUR, JPY) | Not in our data |
| Funding currencies | Per method; HKD account available | EUR, USD, GBP | Not in our data |
| Minimum deposit | $10 equivalent | $0 account; method minimums $15–$300 | 20 USD/EUR/GBP |
| SFC licence | No | No | No |
Where an HKD account saves money
- No conversion on deposit or withdrawal when your money is already in Hong Kong dollars.
- Profits from Hong Kong share CFDs, which Pepperstone prices with 0.2% commission per side, stay in the same currency as the shares.
- Your margin and stop-out levels are easy to follow in the currency you think in.
- When you trade USD-priced instruments such as EUR/USD or gold, profit and loss is still converted into HKD, so conversion moves inside the account instead of at the bank.
Setting it up
- Choose HKD as the base currency during sign-up; changing later usually means opening another account.
- Fund by a method in your own name, since Pepperstone returns withdrawals to the source.
- Check the commission line on your first Razor trade shows HKD.
- Keep a note of exchange rates on USD-priced trades when you track performance.
Sources
Can I deposit Hong Kong dollars into a Pepperstone USD account?
You can pay in, but the amount would be converted into USD. Opening the account in HKD avoids that.
Does XS offer HKD accounts?
No. XS lists USD, EUR and JPY as account currencies and accepts funding in EUR, USD or GBP.
Is the HKD commission at Pepperstone the same as $3.50?
It is the HKD equivalent Pepperstone publishes: HKD 28.17 per side per standard lot on Razor.
Does an HKD account mean Pepperstone is regulated in Hong Kong?
No. Account currency and regulation are separate. Pepperstone's Hong Kong clients are served by its Bahamas entity, and it holds no SFC licence.
Trading CFDs and leveraged forex is high risk: leverage can make you lose money quickly, and most retail accounts lose. Only trade money you can afford to lose. Nothing here is investment advice, and the broker terms quoted can change, so confirm them on each broker's website first.