Binary options are high-risk: on each trade you can lose the whole amount you stake.
Broksal

Best binary options brokers in Hong Kong

No law in Hong Kong bans binary options, so residents can open an account with an international broker. Of the three platforms we rank, all three take clients from Hong Kong. Each of them keeps your balance in US dollars, which means paying in HKD always involves a currency conversion.

By , trading binary options, forex and CFDs since 2017. Updated . How we test

How we score

Each binary options broker gets five sub-scores out of 5:

Platform (25%), costs and payouts (20%), deposits and withdrawals (15%), support (15%) and transparency and regulation (25%). The overall score is the weighted average, rounded to one decimal. None of these brokers is licensed by a top-tier regulator, which is why their transparency scores are low.

Availability is checked against each broker’s published list of restricted countries. The order of the ranking is set by our authors from their own experience with these platforms, so it does not always follow the scores.

Advertiser disclosure

Broksal is free to use because some brokers pay us a commission when you open an account through our links. It costs you nothing.

Commissions do not affect the facts we publish about regulation, payouts and country availability, which come from the brokers’ own documents and independent sources.

Top 3 for Hong Kong

  1. 2
    IQ Option logo

    IQ Option

    4.0

    Its own fast platform with 300+ assets, a desktop app and payouts of up to 95%

    Accepts residents of Hong Kong

    Minimum deposit
    $10
    Minimum trade
    $1
    Maximum payout
    Up to 95%
    Demo account
    $10,000, after sign-up

    Pros, cons, costs and screenshots of IQ Option

    Open free account

    Binary options are high-risk; you can lose your whole stake.

  2. 3
    Expert Option logo

    Expert Option

    3.7

    A simple screen, account tiers and a social feed, from a $10 deposit

    Accepts residents of Hong Kong

    Minimum deposit
    $10
    Minimum trade
    $1
    Maximum payout
    Up to 90%
    Demo account
    $10,000, no sign-up

    Pros, cons, costs and screenshots of Expert Option

    Open free account

    Binary options are high-risk; you can lose your whole stake.

Binary options are high-risk products. Each trade is all-or-nothing: if the price ends on the wrong side, you lose the whole amount you staked. Most people who trade them lose money. Only trade with money you can afford to lose, and start on the free demo account. Nothing here is investment advice, and past payouts do not predict future results.

Hong Kong at a glance

CurrencyHKD
Financial regulatorSecurities and Futures Commission (SFC)
Binary optionsLegal (no law prohibits them)
Brokers accepting residents3 of 3 we rank

Is binary options trading legal in Hong Kong?

Binary options are legal in Hong Kong. The SFC has put several binary options platforms on its Alert List as unlicensed. It has said no binary options trading companies are registered in Hong Kong.

Before you deposit, check Securities and Futures Commission (SFC)’s public warnings and note who you are contracting with: these brokers are registered outside Hong Kong. Our legality guide shows how we classify each country.

Tax

Profits from binary options must be taxed according to the local rules in Hong Kong. The broker does not deduct tax for you. Keep your statements and payment history. This is general information, not tax advice.

Paying in HKD

Deposits from a HKD account are converted once on the way in and again when you withdraw. Compare the amount taken from your account with the dollars credited to see the real cost. Payment options depend on the country you choose at registration, and withdrawals usually go back to the method you paid with.

First steps from Hong Kong

Use the free demo until expiry times and payouts make sense, then register with your own details, selecting Hong Kong: withdrawals are only paid after identity checks. Deposit bonuses are optional, carry a trading-volume condition and can be declined. Full pros, cons and costs of each broker are in our main ranking.

Frequently asked questions

Which binary options broker is best in Hong Kong?

Pocket Option is our pick for Hong Kong: a $5 minimum deposit, trades from $1 and a $50,000 demo without registration. IQ Option and Expert Option are also available.

Is binary options trading legal in Hong Kong?

No law in Hong Kong prohibits binary options. The brokers that serve Hong Kong are registered abroad and are not licensed locally.

Can I deposit in HKD?

You can pay in HKD, but the account is kept in US dollars, so the money is converted.

Do I pay tax on binary options profits in Hong Kong?

Profits are taxed according to the local rules in Hong Kong. This is general information, not tax advice.

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