, Hong Kong

HK is 4th best market for forex trading: InvestinGoal

The city received a 9.23 score out of 10.

Hong Kong was ranked fourth in InvestinGoal’s list of capital gains tax-free markets.

The city received a 9.23 score out of 10.

The markets were scored by taking into account their respective cost of living, crime rate, healthcare rating, broadband speed, attractions, road traffic, and forex regulations.

In terms of cost of living, Hong Kong had the lowest amongst markets in the rank at $566 per single person per month including rent. Hong Kong also had the worst traffic compared to the 15 other economies in the rank, with commuters spending 43 minutes in one-way traffic.

On the other hand, the city ranked high in terms of broadband speed, placing third with an average speed of 254.4Mbps.

In the remaining considerations such as crime rate and health care, Hong Kong was rated 22.08 and 66 out of 100, respectively.

The city’s ranking was also anchored by the fact that it is regulated by the Securities and Futures Commission of Hong Kong which InvestinGlobal described as “one of the top regulators in the industry.”

“The SFC have a great reputation and are one of the top regulators within the industry – they offer low leverage options, which reduces the risk for traders. The only negative for forex trading in Hong Kong is that negative balance protection is not mandatory,” InvestinGlobal said.


Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Unemployment rate rises to 5.4% from February to April
The total number of unemployed people stands at 206,100.   The unemployment rate rose by 0.4 percentage points to 5.4%  from February to April, when compared to the January to March period.    Based on the data from the Census & Statistics Department (C&SD), the total number of unemployed people from February to April was 206,100, an increase of 17,600 from the preceding three-month period.   Meanwhile, the number of unemployed rose by around 25,000 to 142,000, translating to a rate of 3.8%.   With the increase in the number of jobless and underemployed individuals, total employment dropped to 3,559,200, whilst the labour force fell to 3,765,300.   The deterioration of Hong Kong’s labour market however should see an improvement in the coming months, according to Secretary for Labour & Welfare, Dr Law Chi-kwong.   The receding local epidemic situation and progressive relaxation of social distancing measures, the new round of Consumption Voucher Scheme, and Other relief measures including the 2022 Employment Support Scheme should help drive improvement in the employment sentiment, said the C&SD.