HKD Forex Account
Compare brokers that accept the Hong Kong dollar (HKD) as a base currency for your Forex trading account.
Trade over 1,000 instruments on flexible leverage up to 1:500 on the MT4/5 and cTrader platforms. FPMarkets.com 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, cTrader or TradingView without restrictions.
- Copy trading service is available.
- Customer support is available 24/7.
- Dislikes
- No investor compensation fund in the event of bankruptcy.
Enjoy low spreads and reliable trading conditions at all times with this award-winning broker. Open a Standard account to trade without commission, or a Raw account if you prefer to trade on raw spreads.
Access over 1,000 markets through MT4, MT5, cTrader and more recently TradingView. You'll find over 70 currency pairs, as well as gold and silver priced in US dollars, euros, Aussie dollars and other currencies. 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. Get access to trading signals from Trading Signal and Autochartist as soon as you fund your account. You'll also get access to free trading courses for beginners and experienced traders, weekly webinars and e-books.
Read reviewBrokers that accept HKD
FP Markets
Open a trading account denominated in HKD with FPMarkets.com, 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).
Share this article:
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.
- 1. Bank for International Settlements. (2022). Triennial Central Bank Survey: Foreign exchange turnover by currency, 1989-2022. https://stats.bis.org/statx/srs/table/d11.3
- 2. Hong Kong Monetary Authority. Linked Exchange Rate System. https://www.hkma.gov.hk/eng/key-functions/money/linked-exchange-rate-system/
- 3. Financial Times. (2022). Hong Kong's Dollar Peg is on Increasingly Thin Ice. https://www.ft.com/content/a045f068-7639-4d75-ba71-63a1f62d6767