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Best brokers for beginners in Hong Kong in 2022
Passfolio logo
TD Ameritrade logo
Alpaca Trading logo
CITIC Securities logo
Webull logo

To find the best online brokers for beginners in Hong Kong in 2022, we went ahead and did the research for you. We conducted interviews with newbies who had no trading experience. We tested 101 brokers, of which 5 made it to the top. And now, without further ado...

The best online brokers for beginners in Hong Kong in 2022 are:

  1. Passfolio - the best broker for beginners in Hong Kong in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.
  2. TD Ameritrade is our runner-up. Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  3. Alpaca Trading placed third. Great API trading service. Free stock & ETF trading. Fantastic charting tools.
  4. CITIC Securities is at number four. Low fees on Chinese markets. Easy account opening. Excellent research tools.
  5. Webull just made it to the list in fifth place. Free stock, ETF and options trading. Fast and easy account opening. Great trading platforms.
Best brokers for beginners in Hong Kong in 2022
Broker Info Fees score Minimum deposit
#1 Passfolio Global zero-commission stockbroker 4.3 stars $0
#2 TD Ameritrade US-based stockbroker 4.2 stars $0
#3 Alpaca Trading US API broker 4.9 stars $0
#4 CITIC Securities Chinese securities firm 4.1 stars $0
#5 Webull US discount broker 4.8 stars $0

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What makes a great broker for beginners? Two things above all: low fees and an excellent mobile trading platform. The service should fit your needs and make everything easy. It should also offer great educational tools, like a demo account or learning material.

All that is easy to list, but hard to figure out. That's why we are testing brokers based on nearly 500 criteria, using real accounts and real money.

Not sure which broker is best for you? For a tailored recommendation, check out our broker finder tool. You can enter your country and it will narrow down the list of brokers to those that are available where you live. Want more details? Compare brokers with the help of our in-depth comparison tool.

And now, let's see the best online brokers for beginners in Hong Kong in 2022 one by one, starting with the winner, Passfolio.

Passfolio Logo

#1 Best broker for beginners
Passfolio

4.5

Passfolio, a global zero-commission stockbroker, is a young and ambitious brokerage founded in 2018. It is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In addition to the top-tier regulation, clients also enjoy investor protection under the SIPC policy of Passfolio's clearing firm for up to an additional $30 million (with a cash sub-limit of $900,000 per account), subject to an aggregate limit of $150 million.

Although Passfolio is a global broker, there is a distinct focus on Brazilian customers, as evidenced by the fact that a good portion of the content it offers is available in Portuguese. 

Passfolio is considered safe because it is regulated by top-tier authorities and offers extra protection to investors. 

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#1 Passfolio
Mobile trading platform
4.8

Passfolio's mobile platform boasts a clear-cut design and its search functions are also solid. What's missing is a wider selection of order types.
Pros Cons
User-friendly Limited order types
Two-step (safer) login
Good search function
Best brokers for beginners - Passfolio trading platform
Passfolio trading platforms
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Web platform score 3.8 stars 4.3 stars 3.7 stars 3.2 stars 5.0 stars

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#1 Passfolio
Fees
4.3

Passfolio has attractive fees, as trading in all assets except for cryptos is free of charge above a trade value of $5. On the other hand, most withdrawal options carry a fee.
Pros Cons
Free stock and ETF trading above $5 Withdrawal fee
No account opening and maintenance fees High margin rates for stock trading
Passfolio fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
US stock $0.0 $0.0 $0.0 - $0.0
UK stock - - - - -

All commissions are for opening a position, holding for a week, and closing.

Passfolio non-trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#1 Passfolio
Education
2.5

Passfolio's education services are limited and not varied. There are some high-quality educational articles and a YouTube channel with market updates in Portuguese.
Pros Cons
Quality educational texts No demo account
No trading platform tutorial videos
Best brokers for beginners - Passfolio education

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TD Ameritrade Logo

#2 Best broker for beginners
TD Ameritrade

4.7

If you are an experienced trader looking for solid research and a well-equipped desktop trading platform, we definitely recommend TD Ameritrade.

Founded in 1975, TD is one of the biggest US-based stockbrokers and is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

This online broker is considered safe as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is overseen by top-tier regulators.

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#2 TD Ameritrade
Mobile trading platform
4.8

The TD Ameritrade mobile app is great. It is user-friendly and well-designed.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best brokers for beginners - TD Ameritrade trading platform
TD Ameritrade trading platforms
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Web platform score 3.8 stars 4.3 stars 3.7 stars 3.2 stars 5.0 stars

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#2 TD Ameritrade
Fees
4.2

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs
TD Ameritrade fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
US stock $0.0 $0.0 $0.0 - $0.0
UK stock - - - - -

All commissions are for opening a position, holding for a week, and closing.

TD Ameritrade non-trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#2 TD Ameritrade
Education
5.0

TD Ameritrade offers great educational materials such as webcasts and articles, and its excellent thinkorswim desktop platform has a demo account.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - TD Ameritrade education

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Alpaca Trading Logo

#3 Best broker for beginners
Alpaca Trading

4.5

Alpaca Trading is a commission-free API stockbroker founded in 2015. Alpaca is based in San Mateo, CA. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), both top-tier regulators that bolster Alpaca Trading's safety for investors and traders.

Alpaca provides access to US stock markets, historical data, and fundamental data through their API. Alpaca's founders believe their software allows retail traders to capitalize on the machine learning and automation that historically only institutional investors have been able to use. Coders have the opportunity to build their own algorithms and contribute to the Alpaca developer community. Alpaca founders have expressed interest in eventually opening up pre-made algorithms to non-coders, but for now, their platform also includes capabilities for manual order-entry and research.

 

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#3 Alpaca Trading
Mobile trading platform
4.2

The mobile platform is even simpler than the web platform. It is similarly easy to use, but likewise has a poor search function and no price alerts. Logging in can also be complicated.
Pros Cons
User-friendly Poor search function
Two-step (safer) login No price alerts
Order confirmation No Touch/Face ID login
Best brokers for beginners - Alpaca Trading trading platform
Alpaca Trading trading platforms
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Web platform score 3.8 stars 4.3 stars 3.7 stars 3.2 stars 5.0 stars

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#3 Alpaca Trading
Fees
4.9

Alpaca Trading offers zero-commission stock and ETF trading and low margin rates. Non-trading fees are also competitive as no fee is charged for inactivity or most withdrawals.
Pros Cons
Commission-free Stock and ETF Trading None
No inactivity fee
No withdrawal fee
Alpaca Trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
US stock $0.0 $0.0 $0.0 - $0.0
UK stock - - - - -

All commissions are for opening a position, holding for a week, and closing.

Alpaca Trading non-trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#3 Alpaca Trading
Education
5.0

Alpaca offers videos and step-by-step guides for investing, algorithm trading and use of their API, including detailed manuals and FAQs for beginners.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos
Best brokers for beginners - Alpaca Trading education

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CITIC Securities Logo

#4 Best broker for beginners
CITIC Securities

4.7

CITIC Securities is a Chinese financial company. The firm provides services ranging from brokerage to asset management. CITIC Securities was founded in 1995 and is regulated by the China Securities Regulatory Commission (CSRC).

CITIC Securities is considered safe because it has a long track record, is listed on the Shanghai Stock Exchange, and is regulated by a top-tier financial authority.

CITIC Securities has two main legal entities, one based in Mainland China and one based in Hong Kong. In this review, we focus mostly on the Mainland China entity, but we cover some important information about the Hong Kong-based entity as well.

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#4 CITIC Securities
Mobile trading platform
4.2

The CITIC Securities mobile trading platform is great, with a lot of functions, including price alerts and a useful chatbot. However, the range of order types is limited.
Pros Cons
User-friendly No two-step (safer) login
Good search function Limited order types
Price alerts
Best brokers for beginners - CITIC Securities trading platform
CITIC Securities trading platforms
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Web platform score 3.8 stars 4.3 stars 3.7 stars 3.2 stars 5.0 stars

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#4 CITIC Securities
Fees
4.1

CITIC Securities has generally low trading and non-trading fees. Fees for Chinese stocks are one of the lowest on the market; however, fees for Hong Kong stocks are a bit higher.
Pros Cons
Low fees for Chinese stocks Higher fees for Hong Kong stocks
Low non-trading fees
CITIC Securities fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
US stock $0.0 $0.0 $0.0 - $0.0
UK stock - - - - -

All commissions are for opening a position, holding for a week, and closing.

CITIC Securities non-trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#4 CITIC Securities
Education
3.5

CITIC Securities has OK educational tools, including some videos and educational articles. However, there is no demo account available.
Pros Cons
Trading platform tutorial No demo account
Educational videos
Best brokers for beginners - CITIC Securities education

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Webull Logo

#5 Best broker for beginners
Webull

4.6

Webull is a US-based fintech startup offering zero-fee or discount brokerage services. Founded in 2017, the company is regulated by the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) as well as the Hong Kong Securities and Futures Commission (SFC).

Check out our Webull review tailored to the needs of beginner investors and traders.

Webull is regulated by top-tier financial authorities and provides a maximum of $500,000 investor protection, including a $250,000 limit for cash under the Securities Investor Protection Corporation's (SIPC) protection scheme, which are all great signs for its safety.

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#5 Webull
Mobile trading platform
5.0

Webull's mobile app is user-friendly and well-designed. The platform has every feature you may need, including an advanced order panel, price alerts and two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best brokers for beginners - Webull trading platform
Webull trading platforms
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Web platform score 3.8 stars 4.3 stars 3.7 stars 3.2 stars 5.0 stars

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#5 Webull
Fees
4.8

Webull offers commission-free trading for US-listed stocks, ETFs and options. There is no withdrawal fee for ACH transfers and no inactivity fee. However, wire transfer fees are high.
Pros Cons
No commission (for stocks, ETFs, options) High wire transfer costs
ACH transfers are free for funding & payout
Webull fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
US stock $0.0 $0.0 $0.0 - $0.0
UK stock - - - - -

All commissions are for opening a position, holding for a week, and closing.

Webull non-trading fees
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Account fee No No No No No
Inactivity fee No No No No No
Withdrawal fee $0 $0 $0 $0 $0

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#5 Webull
Education
2.0

Webull offers a demo account and some quality educational content. However, there are no other educational tools.
Pros Cons
Demo account No trading platform tutorial videos
No educational videos
No webinars
Best brokers for beginners - Webull education

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Best brokers for beginners
What makes a great broker for beginners

Now you know which are the best brokers for beginners. Curious how we assembled this list? Let's go through two points in a bit more detail: whether these brokers are reliable, and what criteria we looked at as we compiled the list.

Are these brokers reliable?

You can be sure none of them is a scam. They are all regulated by at least one top-tier authority. Some of them are also listed on an exchange, and some have a banking background.

How did BrokerChooser pick the best brokers for beginners?

Here at BrokerChooser, we test online brokers according to almost 500 criteria, using real accounts and real money. We don't want to overwhelm you, so here are just the three most important criteria we used to identify the best brokers for beginners:

3 most important criteria for finding the best brokers for beginners in 2022
1. Fees The overall cost of a typical trade can be 10-15 times higher at one broker than at another. So it pays to take a close look at fees.
2. Mobile trading platform A user-friendly and well-equipped trading platform can significantly increase your comfort with trading.
3. Education Are you unfamiliar with concepts like spread or leverage? Good educational tools can help you understand the basics of trading.

Best brokers for beginners
Start your learning

If you are a beginner, the best way to launch your investment journey is by learning. Don't know where to start? Check out our education page, where you can find a lot of useful learning materials.

Learn about the pros and cons of investing your money on your own, or about the difference between trading and investing. You can also take a look at this article on account opening if you want to learn how to open a trading account.

For beginner buy-and-hold investors, we recommend reading our how to buy shares and how to buy ETFs articles.

For beginners who want to learn to trade, we can offer even more. A former professional trader explains how to become a trader. Many beginner traders start with forex trading. If you don't know anything about this topic, start with our forex primer article.

Cryptos are a hot topic, but also super risky. We explored the issue and presented the different ways of investing in Bitcoin. Highly recommended if you are considering cryptos.

When you become more experienced and are considering trading futures options, you should definitely check out our article on the topic.

Best brokers for beginners
Bottom line

You saw the details, now let's zoom out. Here are once again the best brokers for beginners in Hong Kong in 2022:

Best brokers for beginners in Hong Kong in 2022
Passfolio TD Ameritrade Alpaca Trading CITIC Securities Webull
Fees score 4.3 stars 4.2 stars 4.9 stars 4.1 stars 4.8 stars
Mobile platform score 4.8 stars 4.8 stars 4.2 stars 4.2 stars 5.0 stars
Education score 2.5 stars 5.0 stars 5.0 stars 3.5 stars 2.0 stars
Customer service score 3.5 stars 4.0 stars 1.9 stars 5.0 stars 1.1 stars
Deposit and withdrawal score 2.8 stars 1.9 stars 1.8 stars 3.8 stars 1.9 stars
Visit broker Visit broker Visit broker Visit broker Visit broker

Passfolio is our winner, the best broker for beginners in Hong Kong in 2022. Free US stock and ETF trading. Great mobile platform. Fast and fully digital account opening.

All the other brokers in the top five are considered great choices as well. Pick any of them and take the next step in your investment journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder to find the best broker for you, or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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