Hong Kongese Stock Trading

Stocks Sites in Hong Kong

If you are looking at stock trading as a way to generate some extra income for yourself, then your priority is to find a suitable broker. You may already have some idea of where your interests lie in terms of the stock market, but there are a few other factors to think about as well.

Mobile Trading

One of the many great things about Hong Kong is its fantastic Internet service and like many other citizens, you are likely to have owned a mobile phone or tablet from a young age and know a great app when you see it. Stockbrokers in your country are entirely on board with the trend for trading on the move and generally provide exceptionally advanced apps and mobile trading platforms; there is no shortage of choice in that department.

Deals And Incentives

Being taught from an early age to use the resources already around you, the best stockbroker for your needs is almost certainly one that is homegrown. You are unlikely to be inundated with attention-seeking bonuses, but that does not mean to say that there aren't some great deals on offer. The more loyal clients a stockbroker can retain, the more he becomes trusted, so many incentives on offer are concerned with increased benefits given to long-term clients. They may take different forms including upgraded accounts, free trades, reduced fees or complementary robot software, to enhance your trading platform.

Diverse Asset Types

There is no denying that some Hong Kong stockbrokers tend to place more emphasis on Asian stock market opportunities and offer better terms for trading on them. That said, an increasing number of brokers recognise that modern stock traders are also keen to access other world markets and are always adding new assets to their brokerage. Assets are a subject we cover in our broker reviews under a separate heading, so it is easy for you to get a better idea by reading through them.

Good Customer Support

We firmly maintain that excellent customer support should never be underestimated. We believe that the ideal stock broker offers an overall caring approach to all clients, regardless of the size of their investment. It is almost essential to have instant access to a ‘real’ person by phone or webchat. However, we look for much more than that, including abundant self-help information, trader education and complete clarity in terms of T&Cs, amongst many others.

Hong Kong Licencing

All stockbrokers operating in Hong Kong are licensed under the regulation of the SFC (Securities and Futures Commission) and the licensing process is most certainly not an easy one. The SFC vets every application carefully, delving into the background of all personnel who are involved directly in the business operation or offering financial advice to clients.

Additionally, a brokerage must provide full disclosure of its funding source, regardless of whether derived from corporate or private investment, as well as submitting references from a top-tier banking facility.

In a country with such stringent regulations and equally robust verification procedures already in place, we always recommend looking no further than a homegrown opportunity. There are further tax advantages for those who invest offshore, but potentially less protection for your investment, meaning you must weigh up the pros and cons.

Certain regulatory authorities are deemed more stringent than others and are also responsible for licensing stockbrokers with access to some of the most prevalent stock markets too. If you do opt for offshore investment, then consider a broker who holds a licence with one of the authorities listed below:

• The UK’s Financial Conduct Authority (FCA)
• The Australian Securities and Investments Commission (ASIC)
• The US Financial Industry Regulatory Authority FINRA

You are sure to come across many other stock trading opportunities promoted by brokers from other countries as well. Although there is nothing wrong with making use of their services, if you do ever encounter a problem, you are more likely to lose your investment.