What is the spread on the Hong Kong 50 at Singapore brokers?
Verdict
- At Pepperstone, our pick for Singapore index traders, the Hong Kong 50 (HK50) spread is published at 5 points minimum and 5 points average on both Razor and Standard, with no commission on index CFDs.
- That figure comes from Pepperstone's index-fee table on its Australian site (August 2026 data); Singapore residents are served by its Bahamas entity, so confirm the live spread in your own platform.
- We hold no verified HK50 spread for XS or for the MAS-licensed brokers in Singapore, so we can't rank them.
- Pepperstone has no MAS licence; its Singapore clients contract with Pepperstone Markets Limited (SCB, SIA-F217).
The Hang Seng is a natural index for Singapore-based traders because it moves during your working day. Pepperstone is the only broker in our data that publishes a Hang Seng CFD spread, and here is what it means in money, how its forward compares, and how to check other brokers' quotes.
Pepperstone: 5 points on HK50, no commission
Pepperstone lists the same 5-point spread on HK50 for minimum and average, on Razor and Standard alike. There is no commission on index CFDs at Pepperstone, so the spread is the full dealing cost of a trade opened and closed the same day. The Hong Kong index sits alongside the other Asian benchmarks Pepperstone offers (Japan 225, China A50 and Australia 200) in one account with forex and commodities. Singapore residents can hold that account in SGD or HKD.
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HK50 and its neighbours: Pepperstone's published spreads
| Index CFD | Razor | Standard | Forward, minimum |
|---|---|---|---|
| HK50 | 5 / 5 | 5 / 5 | 10 |
| JPN225 | 7 / 7.4 | 9 / 9.4 | 16 |
| CN50 | 10 / 10.2 | Not published in our data | Not listed |
| AUS200 | 1 / 1.5 | 1 / 1.5 | 3 |
What 5 points costs you
Index spreads are counted in points, so the money cost depends on the size you trade per point. At 1 unit of the contract currency per point, a round trip on HK50 costs 5 units; at 10 per point, 50. The forward contract, HK50-F, starts at 10 points, double the cash CFD, so it only makes sense for longer holds where its terms beat paying overnight financing on the cash CFD. If you trade around the Hong Kong open and close the same afternoon, the cash CFD is the cheaper route. Margin is separate from cost: under the Bahamas licence, retail leverage on major indices is up to 1:200, so check whether HK50 is classed as major in the margin table before sizing.
Checking the HK50 spread at other Singapore brokers
- Ask for the average spread over the Hong Kong session, not the minimum; a minimum is the best moment, not the typical one.
- Ask whether a commission is added to index CFDs; at Pepperstone there is none.
- Check the contract currency and value per point, because that turns points into money.
- Note whether the broker's quote is for the cash CFD or a forward; they price differently.
- XS accepts Singapore residents but publishes no HK50 spread in our data; MAS-licensed firms such as IG, CMC Markets, Saxo and Plus500 show their spreads in-platform.
Sources
Pepperstone's published fee and margin documents.
Is there a commission on HK50 at Pepperstone?
No. Index CFDs carry no commission; the published spread is 5 points.
Is HK50 cheaper on Razor or Standard?
The same: Pepperstone lists 5 points minimum and average on both.
Can I hold a Hong Kong dollar account at Pepperstone?
Yes. HKD is among the base currencies on its international site, along with SGD and USD.
Does Pepperstone hold a MAS or SFC licence?
No. Singapore and Hong Kong residents are served by its Bahamas entity.
Index CFDs are leveraged and Asian markets can gap at the open, so losses can be fast and larger than expected. Spreads shown are broker-published figures and may differ in your account. Not investment advice.