.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!
Sponsored
uSMART 盈立證券 logo

N/A

Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
0%
N/A
Apply Now
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:
  • Zero Commission Fee, Real Commission-Free Brokerage
  • Zero Platform usage Fee, Real Commission-Free Brokerage
  • Providing free one-month real-time streaming quotation for eligible users with assets of HK$50,000 or above
  • Free shares for new-comer with up to around HKD$800
  • With a first time deposit of HKD$12,000, one Meituan share(HKG: 3690) (valued at about HKD$300) will be given after a single transaction and without withdrawal within one month
  • With a first time deposit of HKD$20,000, Up to 10 CLP shares (valued at about HKD$750) will be given after a single transaction and without withdrawal within one month
Valid until 29 Apr 2021 - See more details below
Apply Now
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
  • For trading Hong Kong Derivative Warrants and Callable Bull-Bear Contracts/Certificates under the Securities account, the commission fee is $15 per transaction
  • For the trading of Hong Kong-listed shares in the securities account, a standard commission of $15 per transaction is charged
  • Deposit the first transaction amount equivalent to HK$10,000, and reward you with a "Xiaomi Wireless Charger"
Valid until 31 Mar 2021 - See more details below
Apply Now
華盛証券 logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
US$0.99
Min. Funding
US$0
Following items to be allocated by Valuable Capital after the completion of requirements (including online registration and online account opening via Moneysmart) before 31 March 2021:
(1)get 1 free share of NIO.US (worth around 50USD)
(2)enjoy $0 fee for IPO cash subscription until Dec 31st,2021
(3)$0 commission fee for HK stocks trading
(4)first-time deposit of HK$20,000 reward: Real-time quotes (worth HK$288/m) for HK stocks for 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
(5)Open future account and trade designated CME products during the promotion period: An Octopus card of HK$500
Valid until 31 Mar 2021 - See more details below
Apply Now
SoFi Hong Kong logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0%
Minimum Commission - US Stocks
0%
Min. Funding
US$0
Enjoy a 2.99%* interest rate on your margin loan until May 31, 2021
*usually 5.5%
Valid until 31 May 2021 - See more details below
Apply Now
鴻財網 logo

Min. Funding

US$0

Min. Funding
MoneySmart Exclusive
Dividend Collection Fee - US Stocks
0.5%
Minimum Commission - US Stocks
US$15
Min. Funding
US$0
HK$100 exclusive supermarket coupon for successful applications via moneysmart.hk

  • Exclusive offers for new clients: Enjoy up to HK$6,600 reward
  • HK$88 monthly service fee for trading HK Shares with unlimited number of trades
  • Preferential margin interest rate of 6.88% p.a. and up to 90% margin financing
  • Free handling charge offer for HK Initial Public Offering ("IPO") shares subscription
  • Every time a friend is recommended to open a designated account, the commission discount can be extended for one month (the maximum limit is one year).
  • If you successfully introduce a friend to open a designated account, both will be eligible to enjoy HK/US Stocks buy-commission waiver for the first three months and up to HK$800 supermarket coupon
  • HK$100 exclusive supermarket coupon for successful applications via moneysmart.hk and conduct at least one transaction within the first month after the account is created
  • Valid until 30 Apr 2021 and all promotion subject to terms and conditions
Valid until 30 Apr 2021 - See more details below
Apply Now
Charles Schwab 嘉信理財 logo

Min. Funding

US$25,000

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

Disclaimer: At MoneySmart.hk, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

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%.