Forex Brokers in Hong Kong
Hong Kong competes with Singapore, Tokyo, and increasingly Shanghai as one of the three major financial centers of Asia. The administrative region has its domestic forex brokers, but they are small and mostly cater to wealthier traders. The past years, however, have seen an increase in the number of locally represented forex firms, as the attractive status of HK as a rich and liberal off-shore center lures many forex brokers to base Asian operations there.
Forex trading in Hong Kong SAR is regulated by the Securities and Exchanges Commission of HK, while the overall financial system is subject to the oversight of the Monetary Authority of Hong Kong. The SEC licences brokers, enforces regulations, supervises the actions of market operators, and fulfills other educational and oversight-related responsibilities delegated to it by law.
Finding the right forex broker for you may be difficult in light of the large number of competing firms in the Hong Kong Forex market. To help simplify your task, we have prepared this short list of some of the most successful and reliable brokers in the business. They are regulated and overseen by the world`s most strict and experienced authorities, and while 100% safety is impossible to obtain in any financial endeavor, restricting your choices to the well-established companies may well save you the pain and disappointments that would accompany hasty decisions.
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