HKD Forex Account

Published on 27/09/2023

Compare brokers that accept the Hong Kong dollar (HKD) as a base currency for your Forex trading account.

4.8 / 5 FP Markets

Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. is a true ECN broker and accepts all trading styles without restrictions.

  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
Our take on FP Markets

We've traded through this broker's MT5 Raw account and can vouch for its low spreads and reliable trading environment. Its Raw account is designed for day traders and scalpers, and its Standard account will suit all others.

We also like the breadth of instruments available through its platform. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros and Aussie dollars. You can also go long or short on stocks and government bonds through over 40 ETFs.

Its free educational content also sets it apart from the competition. Fund your account to get access to trading signals from Trading Signal and Autochartist. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.

Read review ▷

Brokers that accept HKD

FP Markets

Open a trading account denominated in HKD with, an international broker with tight spreads. Fund your account through an international bank transfer, Visa, MasterCard or even PayPal. FP Markets will credit your MT4 or MT5 account instantly, with no deposit fees. It will go one step further and cover any fees charged by your bank or other intermediaries, up to US$ 50, for international bank transfers over US$ 10,000.

About the Hong Kong Dollar

The Hong Kong Dollar, abbreviated as HKD, is the official currency of the Hong Kong Special Administrative Region. In 2022, it was the 9th most traded currency by volume, according to the Bank for International Settlements(1).

The Hong Kong Dollar was pegged to the US Dollar in 1983, and trades in a narrow range between 7.75 and 7.85 HKD to 1 USD(2). This system, known as the Linked Exchange Rate System (LERS), compels Hong Kong's Monetary Authority (HKMA) to align its monetary policy on that of the Federal Reserve.

The peg is and remains a cornerstone of Hong Kong's financial stability. However, the ability and desire of the HKMA to defend its currency's peg against the US Dollar has, for decades, been the subject of speculation. Rising tensions between China and the United States have cast fresh doubts over its future(3).

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About the author

I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.

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