FX trading in Hong Kong ... Any suggestion?

[SiiSuu]

Hello everyone ... I played a little with Forex trading a few years ago at the university and I have been using demos on several platforms.Now I am looking for a broker that has an office in Hong Kong and does not try to cheat every couple (I have read some alarming comments in other places

[jiesnjosisesg]

Go to the forum search engine.Write "FXCM".Good luck.

[boest]

FXCM and CMC are common options, but personally, it would avoid FXCM.They have a quite questionable history in terms of little transparent commercial practices.There are other smaller brokers in Hong Kong that you could consider, but always review the regulation and read experiences of other traders before opening an account.Hong Kong has enough options, but not all platforms are trustworthy.If you can, search brokers that are regulated both in Asia and Europe, since that usually indicates a greater level of transparency.

[jesax1965]

If you are in Hong Kong, you could try Bank saxo.They do not have a physical office in HK, but offer very good conditions for Asian traders.It is a fairly reliable European broker and the platform is quite advanced, ideal for serious traders.Even if you do not have a physical office nearby, the important thing is that the broker is regulated and has a good support.In my experience, Saxo Bank is one of the most solid options for trading in Asia.

[suSvesycg1]

Do you really want a physical office in Hong Kong?If the broker is reliable, does it matter so much?I have been operating with interactive brokers for years and I have never had to set foot in their offices.The key is in regulation, not in closeness.Sometimes small local brokers are the ones that really try to "scam."At least with a global broker you have a regulatory support.Think of renowned brokers, even if they are not right next to your house.

[TesbSoress300]

I do not recommend FXCM at all.They have had several legal problems in the past to manipulate operations and, even if they have offices, it does not mean that they are transparent.CMC is a better option in comparison, although its spreads are sometimes higher.You could also check Oanda, which although it does not have an HK office, is quite reliable for operations in Asia.I advise you to look for opinions from other traders in Hong Kong to have a clearer idea of ??the options.

[Cestunes65]

If you are looking to avoid brokers that scam you, avoid the market makers at all costs.Most are designed to operate against you.In Hong Kong, some ECN brokers work well, but always verifies that they have regulation of some reliable authority.Anyway, if you are starting, I recommend you try in demo for a while before compromising your live capital.The HK market has enough options, but not all are as honest as they seem.

[josisCunakos]

I used CMC for a while and I had no serious problems, although it is true that their spreads are sometimes somewhat high.For me, customer support is what makes the difference, and with them the experience was quite positive.Of course, if you are looking for high frequency scalping or trading, it may not be the best option.Its spans and costs can be a bit high for this type of strategy.

[tesnuesycT]

If you are in Hong Kong and looking for a reliable broker, you should consider IC Markets or Pepperstone.They do not have HK offices, but they are ECN and are regulated by Asic in Australia, which is a decent authority.I also had a bad experience with FXCM and I do not recommend them, but with IC Markets and Pepperstone I have never had problems.They are solid options for those who seek to operate in Asia with good transparency.

[Tadakung]

To operate in HK, it is best to search international brokers.Sometimes local brokers have doubtful licenses.Interactive Brokers and Saxo are very good and reliable.In addition, they have competitive spreads.If you are very concerned with the issue of having a physical office nearby, I recommend reconsidering you.The important thing is the security of your money, and those brokers meet strict regulation.

[djnoires]

FXCM?Don't even think about it.Your reputation is on the floors, and even if they have offices, that does not guarantee transparency.There are a lot of much better options for traders in Hong Kong.Test with regulated options in Australia or Europe.They generally have a fairly good support and trading conditions are fairer.

[Eskesrrun]

CMC Markets is reliable, but as they said before, their spreads can be a bit high.If you do not mind paying a little more for a stable platform and good support, it is a good option.On the other hand, if you are looking for something cheaper and efficient for active trading, you could try IC Markets or Pepperstone.Both have good services for Asia, even if they do not have HK offices.

[burates.1962tresdorScSaid.caC]

Do you need an HK office to feel safe?Most reliable brokers do not depend on a physical office.In addition, regulation is more important than the place where the office is located.If you really need something local, make sure they are registered in the Hong Kong SFC, but keep in mind that some of the best options may be out of the country.

[esyCthodesybSa]

My advice: Do not get carried away just by the physical location of a broker.In Hong Kong there are local brokers, but many are not well regulated.Instead, large international brokers are usually more reliable and safe.You could try Australian brokers that are well positioned for the Asian market.Australian regulation is quite decent, and many traders in Asia use them without problem.

[USoax]

Seriously, you bother with FXCM.They have had problems in several jurisdictions and even if they have offices, it does not mean that they do not have bad practices.Instead, check brokers as interactive brokers or saxo.Personally, I prefer global brokers with good regulation.In Hong Kong you have options, but international reliable brokers usually have better conditions.

[sesC10]

Rakuten securities.They have good conditions for Asia and although they do not have HK offices, their support is quite effective and operate under a good regulation.It is important that you look for brokers that have experience in the Asian market.Many times they offer better support in your time zone and better understand the needs of the traders of this region.

[goraxn1698]

Anyone but not fxcm?Although they are in Hong Kong, their history is not exactly the best.If you want something safe, look for a broker with good references and solid regulation.The market in Hong Kong has good options, but not always the locals are the best.Investigate well and make sure you don't fall into the hands of a Market Maker who operates against you.

[Ccgrogar69]

A broker in Hong Kong that you could consider is Phillipcapital.They are well established in Asia and offer a solid platform, although they are not the cheapest.If you want something cheaper and you don't care if they don't have an HK office, you could check Oanda or IC Markets.Both are reliable and work well for traders in Asia.

[shrokkuTk]

Have you tried interactive brokers?They do not have an HK office, but they are incredibly safe and have regulation in several jurisdictions.I operate with them and I have never had transparency problems.Sometimes it is better to sacrifice the comfort of a nearby office for the security and trust of a well -regulated global broker.It is worth considering.

[Corcodos84]

If you are looking for an Hong Kong -based broker, make sure you are regulated by the SFC.Many brokers here are sold as "safe", but do not meet all the requirements.My experience with local brokers has not been the best.International Brokers such as Saxo or Interactive Brokers offer better conditions and greater security.

[EsTestri]

The broker location is not as important as its regulation.I have operated with brokers around the world and while they are regulated by serious authorities, I don't care if they have an office nearby.FXCM and CMC are known, but they are not the only options.Check out brokers regulated in Australia and Europe that operate in Asia.