.Best Investment Brokerage Platform for US Stocks 2021

Looking to buy US Stocks? Compare Online Brokerage platform in terms of commission fees and charges and learn US stocks trading basics through MoneySmart. Read More
We found 8 Online Brokerages for you!
Saxo 盛寶金融 logo

Min. Funding

HK$0

Min. Funding
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$3
Min. Funding
HK$0
Apply Now
Direct Spot logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0.5%
Minimum Commission - US Stocks
US$13.8
Min. Funding
US$0
1)For trading Hong Kong-listed shares, Hong Kong Derivative Warrants and Callable Bull-Bear Contracts/Certificates under the Securities account, the commission fee is $15 per transaction
2)Deposit the first transaction amount equivalent to HK$10,000, and reward you with a "Xiaomi Wireless Charger" plus 1 free month of iDDY.AI Top 10 Hottest Stocks exclusively from MoneySmart
Valid until 30 Jun 2021 - See more details below
Promotion ends in
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華盛証券 logo

Min. Funding

US$0

Min. Funding
Online Promo
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$0.99
Min. Funding
US$0
Online Promo:
1)Exclusive HK$600 cash coupon gift & $0 commission fee for HK stocks trading
2)First-time deposit of HK$20,000 reward: Real-time quotes (worth HK$288/m) for HK stocks for 30 days. After 30 days, the real-time streaming quotes continue if your average assets or month-end assets reached HK$50,000, and traded 10 times per month in HK market.
3)  HKD50 IPO Cash Subscription voucher
4)HK$300 cash coupon for stocks transfer (worth HK$10,000 or above) to Valuable Capital
Valid until 30 Jun 2021 - See more details below
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富元證券 logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$0.01
Min. Funding
US$0

Enjoy exclusive upon successful registration via MoneySmart:
1)Recevie an Apple HomePod mini or DigiMax Air Purifier DP-3X6 if your 1-month assets reached HK$10,000, and traded 1 time within a month before 16th July 2021
2)Zero Commission Fee, Real Commission-Free Brokerage
3)Providing free one-month real-time streaming quotation if your assets reached HK$50,000
4)Free shares for new-comer with up to around HKD$800
* Applicants must fill in the residential address in Hong Kong to be eligible for the exclusive gift before 30th July 2021. If applicants live overseas, other discounts will not be affected (except the exclusive gift).

Valid until 20 Jul 2021 - See more details below
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SoFi Hong Kong logo

Min. Funding

US$0

Min. Funding
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
0%
Min. Funding
US$0
Read More
uSMART 盈立證券 logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$0
Min. Funding
US$0
 Enjoy up to $4,600 welcome offer upon successful registration via MoneySmart:
1) Redeem 1 Share of Alibaba (9988.HK) stock coupon
2) HK$600 Cash Promotional Coupon
3) Lifetime US Stock $0 Commission (Only applicable to Standard Accounts)
4) Enjoy up to HK$780 rebate for handling fee of stock deposit plus up to $600 extra cash promotional coupon
5) BowtieGo outpatient medical service annual pass (Value: HK$648)
6) Hket.com subscription benefit (Value: HK$150)

【Limited Time Offer】 From now to 30 June, customers who receive COVID-19 vaccinated & completed the online account registration, they can redeem the correspondence stock coupon; if she/he receives at least one dose of Sinovac vaccine, they can redeem 35 shares of Sino Biopharm (1177.HK) stock coupon: if she/he receives at least one dose of BioNTech vaccine, she/he can redeem 1 share of Pfizer (PFE.US) stock coupon
*Applies to newly registered customers who have received the vaccine.
Valid until 30 Jun 2021 - See more details below
Promotion ends in
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鴻財網 logo

Min. Funding

US$0

Min. Funding
Dividend Collection Fee - US Stocks
0.5%
Minimum Commission - US Stocks
US$15
Min. Funding
US$0
Apply Now
Charles Schwab 嘉信理財 logo

Min. Account Funding

US$25,000

Min. Account Funding
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$0
Min. Account Funding
US$25,000
Apply Now

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Best US Stocks Brokers in Hong Kong

US Stocks Broker Minimum Commission RateMinimum Balance
Charles SchwabUS$0US$25,000
SaxoUS$3US$2,000
Direct SpotUS$13.8HK$10,000
uSmart US$0US$0
SoFiUS$0US$0
TD AmeritradeUS$6.95US$0

Buying US Stocks via Banks vs Brokers

Bank Brokers
Commission Rate Higher Lower or even free
Fund Your Account Easier. Transfer funds instantly and directly from the same bank account with a few clicks. More difficult. Transfer funds from bank accounts or through Faster Payment System (FPS) for same day transfers.
Custody FeeYesNo
Withdrawal FeeNoYes
Account Protection Local accounts (not offshore accounts) are protected under the HKSAR Government's Deposit Protection Scheme for a maximum coverage of HK$500,000

Offshore US Stocks Accounts

Offshore US Stock accounts, as its name implies, keep money outside of Hong Kong. The minimum deposit to open an offshore account in banks is usually quite high. Therefore, some investors would rather set up US brokerage accounts and transfer funds to US brokers situated outside Hong Kong instead.

Offshore US Brokerage Accounts

Offshore US Brokerage AccountAccount ProtectionHow to Fund Your Account?
First TradeYes. Account is protected by SPIC. Wire transfer

US Stocks - Trading Fees

TypeChargesPayee
SEC membership fee 0.00213%- 0.00218% of the total trading amount (Min: US$0.01) (Depending on quarters) U.S. Securities and Exchange Commission
Settlement FeeUS$0.003/ share(Min: US$0.01) Settlement Agent
Trading Activity FeeUS$0.000119/ share(Min: US$0.01) The Financial Industry Regulatory Authority
Dividends Tax30% (Will be automatically deducted)IRS

Buying US Stocks Monthly

Buying stocks monthly has been gaining popularity in recent years. This is a good strategy because investors can benefit from dollar-cost average. Saving and investing monthly is a good way to start investing – it becomes habit forming. When the investor dollar-cost averages, he/she invests an equal amount in the market monthly. Instead of trying to time the market, the investor buys in at a range of different price points, as opposed to investing a large lump sum all at one time. However, not all platforms accept buying US stocks monthly. Now, in Hong Kong, only a few platforms including uSmart and CHIEF Group allow investors to buy stocks monthly.

US Stocks Trading Hours

Months US Stocks Opening Time
Summer Time (Mar- Nov)9:30 pm - 4 am Hong Kong Time Monday to Friday
Winter Time (Nov- Mar)10:30 pm - 5 am Hong Kong Time Monday to Friday

Benefits of Hong Kong People Investing in the US Stocks Market

Wide Range of World-Renowned Stocks

There are a wide range of world-renowned companies in the US stock markets including Apple, Google, Amazon for investors to choose from.

Lower Investment Threshold

In the Hong Kong stock market, investors are required to buy at least “one lot” of the stock, which may be equivalent to 100 shares, 500 shares, etc., depending upon the stock price. However, in the US stocks market, investors can buy only ‘one share’, which lowers the investment threshold significantly.

Disadvantages of Investing in the US Stocks Market while living in Hong Kong

Time difference The US stock market, like any other markets, runs on the local time. Therefore, it could be difficult for Hong Kong investors to monitor the stock movement due to the difference in time zone.

Buying US Stocks in Hong Kong FAQ

Are non-US citizens required to pay taxes on money earned through a US Broker?

Non-US citizens and residents with no US business are typically not obligated to file a U.S. tax return. However, investors are required to pay tax on dividends. But it will be automatically deducted before transferring to your account.

Is it safe to invest through a US Stocks broker in Hong Kong?

Yes it is. Regulated brokerage accounts are insured by SPIC for a maximum coverage of UDS$500,000.

Can I create a US stock trading account in Hong Kong as an expat?

Yes, as long as you are able to provide the required documents, you are eligible to open a US stock trading account. For example, in order to open an account in Sofi Hong Kong, you need to present the following documents:
  • a copy of your passport
  • proof of residential address
  • proof of a bank account in your name maintained with a licensed bank in Hong Kong

How to buy US stocks commission-free?

To enjoy zero commission, investors can trade on platforms like SoFi, uSmart, Charles Schwab,etc.

When does the US Stock market open?

The US Stock Market is open Monday- Friday from 9.30 am- 4pm US Time.

How much tax do I need to pay when I receive dividends?

It is normally 30%.