What's the best broker for trading CFDs on US stocks from Hong Kong?
Verdict
- Pepperstone is our pick for trading US stock CFDs from Hong Kong: it lists 600+ NYSE and Nasdaq share CFDs at $0.02 per share commission, and 100+ of them trade 24 hours a day, five days a week.
- The 24-hour versions matter in Hong Kong, where the regular US session runs through the night; Pepperstone marks them with a -24 suffix, such as AAPL.US-24.
- Pepperstone serves Hong Kong through Pepperstone Markets Limited, licensed by the SCB in the Bahamas (SIA-F217); it has no SFC licence.
- Retail leverage on share CFDs at Pepperstone's international entity is up to 1:20.
Trading US shares from Hong Kong has a timing problem: Wall Street opens in your late evening and closes before dawn. A CFD broker that extends US share trading into Asian hours solves that, and Pepperstone does it on more than 100 names at a published per-share commission. Here is how the cost works and what to check.
Why Pepperstone fits a Hong Kong trader of US shares
Pepperstone says it offers more than 600 US share CFDs from the NYSE and Nasdaq, with commission of $0.02 per share per side. Over 100 of them also come in a 24-hour version that trades around the clock from Monday to Friday, so you can act on US earnings or news during the Hong Kong day instead of waiting for the New York open. Share CFDs are available on both Standard and Razor accounts, and you can hold the account in HKD or USD. The limit to know: Pepperstone has no Hong Kong licence, and your account is held by its Bahamas-regulated company.
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What a US share CFD trade costs
Commission is charged per share, so cheap shares cost more as a percentage. Examples at $0.02 per share per side, before the spread and any overnight financing:
| Position | Shares | Commission per side | Round trip |
|---|---|---|---|
| $20,000 in a $200 stock | 100 | $2 | $4 |
| $20,000 in a $50 stock | 400 | $8 | $16 |
| $5,000 in a $250 stock | 20 | $0.40 | $0.80 |
Capital.com and XS for US shares
Capital.com, our second choice, accepts Hong Kong residents and offers share CFDs on its web platform, app, MT4, MT5 and TradingView; its per-share pricing and US share count are not in our verified data, so compare them in its platform before trading. Capital.com's Bahamas entity lists shares at up to 20:1 retail leverage, the same ceiling as Pepperstone's. XS, third, runs on MT4 and MT5, but we hold no verified figures for its US share range, so we cannot rank it here.
Checks before you trade US share CFDs
- Find the 24-hour symbol in the platform; the standard symbol follows normal US session hours.
- Look at the overnight financing on each share before holding a position for weeks; it can outweigh the commission.
- Remember that a CFD gives no voting rights or share ownership; dividends are usually handled as cash adjustments.
- Keep share leverage low: 1:20 means a 5% move wipes out the margin on the position.
Sources
Pepperstone's published share pages.
Can I trade US stocks during Hong Kong daytime?
Yes, on the 100+ US share CFDs that Pepperstone offers in a 24-hour version (24/5). Other US share CFDs follow regular US hours.
Do I own the shares with a CFD?
No. A CFD tracks the price; you do not hold the share, vote or receive it into a custody account.
What leverage applies to US share CFDs?
Up to 1:20 for retail clients of Pepperstone's international entity, which serves Hong Kong.
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.