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Is Pepperstone a good broker in Hong Kong?

Yes, for CFD traders who accept an offshore regulator. Pepperstone accepts Hong Kong residents, offers HKD accounts, a $10 minimum, HK50 at a 5-point spread and five platforms. It holds no SFC licence, offers no guaranteed stops and lists no FPS deposits.

Short answer: Pepperstone is a good choice from Hong Kong for cost-conscious CFD traders, with clear limits you should accept before you open an account.

Account company: Pepperstone Markets Limited (SCB, SIA-F217) on the English international site; the Simplified Chinese site names Pepperstone Financial Markets Limited (FSC Mauritius, GB21026314).
HK50: 5-point spread on both accounts, no commission, trading into the Hong Kong night.
Accounts: Standard (no commission except shares) and Razor (raw spreads plus commission); ten base currencies including HKD.
Limits: no SFC licence, no guaranteed stop-loss orders, no weekend index trading and no FPS deposits.
Group regulators include ASIC, the FCA, CySEC, BaFin, the DFSA, the SCB and Kenya's CMA.

What a Hong Kong account looks like

You sign up on Pepperstone's international site, where Hong Kong is listed among the countries of residence. You choose Standard or Razor, a platform and a base currency such as HKD or USD, answer an appropriateness questionnaire, upload ID and proof of address, then fund from $10. Retail leverage at the international entity is up to 1:200 on major forex, gold and major indices, 1:100 on minor indices, 1:20 on energies and crypto, and 1:10 on metals other than gold.

Markets cover 93 forex pairs, 26 index CFDs, more than 1,100 share CFDs including 46 Hong Kong-listed names at 0.20% commission per side, 40 commodities, 95 ETFs and 31 crypto CFDs. Support runs 24 hours on weekdays and 18 hours at weekends.

What it does not give you is local status. Because Pepperstone has no SFC licence, Hong Kong's licensing rules and the Investor Compensation Fund do not apply to your account. Your account is governed by the terms of the company named in your client agreement and supervised by its regulator, which you can check on that regulator's own website.

Our pick

HKD accounts, $10 minimum, HK50 at 5 points without commission, Razor or Standard pricing and MT4, MT5, cTrader, TradingView and its own app.

Open a Pepperstone account

Pepperstone's international site states that 80% of retail investor accounts lose money when trading CFDs with this provider.

If you want guaranteed stops

Offers guaranteed stop-loss orders, which Pepperstone does not, plus HKD accounts, no commission and 24/5 HK50 trading.

Open a Capital.com account

Capital.com's international site states that 79.75% of retail investor accounts lose money when trading CFDs with this provider.

If you want higher leverage

Dynamic leverage up to 1:2000 on its Elite account, average 0.1 pips on EUR/USD plus $6 round turn, on MT4 and MT5.

Open a XS account

XS publishes no loss percentage; its risk warning says it is possible to lose all your capital.

Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.

Your questions, answered

How much does Pepperstone charge to trade HK50?

Pepperstone charges no commission on HK50, on either account; the cost is the spread, published as a 5-point minimum and a 5-point average. If you hold the position past 5pm New York time, overnight funding is added at the rate shown in your platform. HK50 is priced in Hong Kong dollars, so an HKD base account avoids conversion on your profit and loss. Retail leverage on major indices is up to 1:200.

Pepperstone Razor vs Standard account, which is better?

Razor is better if you trade forex or spot gold often: spreads start from 0.0 and you pay a commission from $3.50 per lot per side, which works out cheaper than Standard's 1-pip mark-up for active traders. Standard is better for beginners and occasional traders, with no commission except on shares. For indices, commodities other than spot gold, and crypto, the two accounts are priced the same. TradingView is available only on Razor.

Is Pepperstone safe to use in Hong Kong?

Pepperstone is a large, multi-regulated group, and it keeps retail client money in segregated accounts with top-tier banks and offers negative balance protection to retail clients. For a Hong Kong resident, though, safety means the protections of the company you sign with, which is licensed in The Bahamas or Mauritius, not by the SFC. Check the company name on your agreement, enable two-factor authentication, and deposit only through the secure client area.

Is Pepperstone a scam?

No. Pepperstone is a real, regulated broker: its Bahamas firm holds SCB licence SIA-F217, and the wider group is licensed by ASIC, the FCA, BaFin and others. Scammers do copy its name, though, and Pepperstone warns of fake websites, social profiles and unsolicited messages. It says it will never request or initiate crypto transfers for you. Only use pepperstone.com and its official apps, and report anything else to Pepperstone and the Hong Kong Police.

What are the pros and cons of Pepperstone?

Pros: raw-spread Razor pricing with clear commissions, five platforms including cTrader and TradingView, an HKD base currency, a $10 minimum, commission-free index CFDs with HK50 at 5 points, and no inactivity fees. Cons for Hong Kong: no SFC licence, no FPS deposits, no guaranteed stops, no weekend index trading, a $20 fee on international bank withdrawals, and a smaller market list than IG or Capital.com. Fusion Markets also charges less forex commission.

Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.