2025 Hong Kong Stock Broker Fee Rankings: Tiger Brokers vs. HSBC – Which Is Better?

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When choosing a Hong Kong stock broker, trading fees are one of the most important factors to consider. In 2025, Tiger Brokers stands out with zero commissions and no platform fees, making it the broker with the lowest fees. You will find that HSBC’s fees are higher, primarily due to a minimum charge of $10 per Hong Kong stock trade and higher platform fees. Tiger Brokers is suitable for investors seeking low costs, while HSBC is better suited for users who need Hong Kong banking services.

Key Points

• Tiger Brokers offers extremely low commissions and no platform fees, making it ideal for frequent traders and small-scale investors, effectively reducing trading costs.
• HSBC has higher fees but provides comprehensive banking services and fund security, suitable for users with large funds who need integrated financial services.
• Hong Kong stock trading fees include commissions, stamp duty, transfer fees, etc., and understanding the fee structure helps you choose a broker rationally.
• In terms of account opening, Tiger Brokers offers a fast, fully online process, while HSBC supports both online and offline options, requiring more materials.
• When choosing a broker, consider trading frequency, fund size, and service needs to make an informed decision and select the most suitable platform.

Hong Kong Stock Trading Fee Rankings

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Fee Comparison of Major Brokers

When choosing a Hong Kong stock broker, the level of trading fees directly impacts your investment returns. In 2025, the fee structures of mainstream brokers in the Hong Kong stock market mainly include commissions, stamp duty, transfer fees, transaction levies, and trading system usage fees. Most brokers’ commission rates range from 0.25% to 0.3%, with a minimum charge typically at $100, though some brokers may offer lower rates through negotiation with account managers. Stamp duty is 0.1%, charged only on sales and uniformly set by the Hong Kong government. Transfer fees are 0.002%, collected by the clearing institution and non-negotiable. Transaction levies and system usage fees are fixed costs.

You can refer to the table below to understand the 2025 fee structures of major Hong Kong stock brokers:

You will find that Hong Kong stock trading fee rankings significantly influence broker selection. Lower fees mean lower trading costs, saving you considerable funds over time. In recent years, commission rates for Hong Kong stock brokers have continued to decline amid fierce competition. In the first half of 2024, the brokerage business income of 43 listed brokers fell 13.04% year-over-year, indicating an overall decrease in industry fee levels. Before opening an account, you can proactively contact the broker’s account manager to negotiate more favorable Hong Kong stock trading fees.

Fee Differences Between Tiger Brokers and HSBC

Tiger Brokers and HSBC have significant differences in Hong Kong stock trading fees. Tiger Brokers focuses on low fees, with commission rates as low as 0.029%, and even zero commissions during certain promotional periods. For platform fees, Tiger Brokers often offers exemptions or cashback promotions for new and active users. After opening an account with Tiger Brokers, you barely need to worry about commissions and platform fees for daily trading, only paying fixed fees like stamp duty and transfer fees.

HSBC, as a leading Hong Kong bank, has relatively high Hong Kong stock trading fees. After opening an account with HSBC, each Hong Kong stock trade has a minimum charge of $10, with commission rates typically ranging from 0.25% to 0.3%. Additionally, HSBC charges account management fees and platform fees. While HSBC’s service system is comprehensive, suitable for users needing integrated Hong Kong banking services, Tiger Brokers is more advantageous if you prioritize low-cost trading.

Tip: If you have a large capital base or need comprehensive Hong Kong banking services like wealth management or loans, consider HSBC. If you focus on Hong Kong stock trading fees, engage in frequent trading, or have smaller funds, Tiger Brokers is more suitable.

You can compare the main fees of the two brokers in the table below:

When choosing a broker, besides focusing on Hong Kong stock trading fees, you should also consider the broker’s service quality, platform stability, and product diversity. The overall trading costs in the Hong Kong stock market are lower than in the Chinese A-share market, but fee differences between brokers remain significant. You can select the most suitable broker based on your trading frequency and fund size.

Fee and Platform Comparison

Detailed Breakdown of Hong Kong Stock Trading Fees

When choosing a broker, you are most concerned about the specific components of Hong Kong stock trading fees. Tiger Brokers and HSBC differ significantly in commissions, platform fees, and account management fees. You can quickly understand the main fee details of both brokers in the table below:

After opening an account with Tiger Brokers, you hardly need to worry about platform fees or account management fees. You only need to focus on commissions and government-mandated fees like stamp duty and transfer fees in Hong Kong stock trading. HSBC, while offering a comprehensive service system, has higher minimum charges per trade and account management fees, increasing your long-term holding costs.

Tip: If you trade frequently each month, Tiger Brokers’ low commissions and no platform fees will save you significant costs. If you focus on large trades or need Hong Kong banking wealth management services, HSBC’s integrated services are more suitable.

Other Fees and Promotions

During actual trading, you will encounter other fees, such as deposit/withdrawal fees and currency conversion fees. Tiger Brokers supports multiple deposit methods, such as PayNow, with convenient deposits, fast deposit/withdrawal speeds, and high fund transfer efficiency. You can manage funds anytime, ideal for high-frequency and small-scale trading. HSBC, as a leading Hong Kong bank, offers diverse deposit/withdrawal channels, but some services may incur additional fees.

Tiger Brokers frequently launches promotions like zero commissions and cashback. By opening an account or trading during promotional periods, you can enjoy lower Hong Kong stock trading fees. HSBC rarely offers similar fee waivers, but you can access integrated banking services like wealth management and loans.

If you prefer frequent trading with smaller funds, Tiger Brokers’ low entry barriers and diverse trading products offer greater flexibility. You can trade stocks, ETFs, options, bonds, and more to meet various investment needs. If you prioritize fund security and banking services, HSBC’s brand and service system provide greater peace of mind.

• Reasons Tiger Brokers is suitable for high-frequency and small-scale trading:
  • Low commissions, with Hong Kong stock trading fees as low as 0.08%, minimum $2.99 per trade.
  • No minimum investment amount, allowing you to trade with small funds.
  • User-friendly trading platform, supporting App and professional TWS system, ideal for quick order placement.
  • Multiple deposit methods with fast deposit/withdrawal speeds, facilitating fund transfers.
  • Supports global Chinese investors with flexible fund management.
• Reasons HSBC is suitable for users with large funds and banking service needs:
  • Accounts directly linked to Hong Kong bank, facilitating wealth management, loans, and other integrated financial services.
  • High brand credibility and strong fund security.
  • Suitable for investors needing large-scale fund management and multi-currency asset allocation.

When choosing a broker, consider your trading frequency, fund size, and service needs, weighing Hong Kong stock trading fees and platform services to make the most suitable choice.

Account Opening and Trading Experience

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Tiger Brokers Account Opening Process

To open an account with Tiger Brokers, you can follow these steps:

1. Prepare your ID, A4 paper, and a pen for signing.
2. Visit the Tiger Brokers website (www.tigerbrokers.com) and click “Open Account Now.”
3. Register an account and fill in personal information.
4. Complete account opening and investment information forms.
5. Read and agree to the client agreement.
6. Place both sides of your ID on A4 paper, sign below, and upload a clear, non-reflective photo.
7. Submit documents and await review, typically completed within 3 business days.
8. Receive an SMS notification upon approval, and your account is officially activated.

You only need basic documents, and the entire process is completed online, suitable for investors seeking a quick account opening.

HSBC Account Opening Process

If you choose to open an account with HSBC, you can opt for online or offline methods. For offline account opening, you can visit the following Hong Kong branches:

You need to book an appointment on the HSBC website in advance and prepare the following documents:

• Valid Hong Kong/Macau pass (valid for over 3 months), ID, and entry record screenshot
• Proof of address within the last 3 months (e.g., bank statement or utility bill)
• Stock trading records from the past 3 months
• Proof of fund source (e.g., salary records)

The account opening purpose must be for investment and wealth management. You can collect a bank card on-site after opening the account. It’s recommended to prepare a few thousand USD for deposit to avoid account suspension due to prolonged inactivity.

Platform Features and Service Comparison

Tiger Brokers and HSBC each have distinct platform features and services. Tiger Brokers supports both an App and a professional trading system with a user-friendly interface, ideal for high-frequency trading. You can trade stocks, ETFs, options, and bonds with flexible operations. HSBC relies on its Hong Kong banking system, offering online and mobile banking services with high account security, suitable for users needing multi-currency asset allocation.

You can choose a platform based on your trading habits and service needs. If you prioritize convenience and low costs, Tiger Brokers is more advantageous. If you value fund security and Hong Kong banking services, HSBC is more suitable.

Recommendations for Investor Types

Beginner Investors

If you’re new to Hong Kong stock investing, focus on whether the platform is easy to use and has transparent fees when choosing a broker. Tiger Brokers has a user-friendly interface, supports Chinese operations, and offers a simple account opening process, making it easy for beginners to get started. You can use a demo account to familiarize yourself with the trading process, reducing learning costs. Tiger Brokers’ low Hong Kong stock trading fees, with zero commissions during promotions, help you save costs.

In contrast, HSBC, as a leading Hong Kong bank, offers convenient deposits/withdrawals, with funds and securities accounts under one bank, ensuring high security. If you have substantial funds and prefer banking services, HSBC is worth considering. However, HSBC’s trading platform is less intuitive, and Hong Kong stock trading fees are higher, making it suitable for beginners with low trading frequency who prefer traditional banking services.

If you seek low costs and a convenient experience, Tiger Brokers is more suitable for beginner entry.

High-Frequency Traders

If you enjoy frequent Hong Kong stock trading, trading costs directly impact your returns. Tiger Brokers’ low commissions and no platform fees offer clear advantages, with fast account opening and smooth platform operations, ideal for high-frequency trading. You can place orders quickly via the App or professional system, with efficient fund transfers and multiple deposit methods.

When choosing a broker, focus on these factors:

1. Trading Fees: Tiger Brokers has low Hong Kong stock trading fees, ideal for high-frequency trading. HSBC’s high commissions significantly increase long-term costs.
2. Trading Platform: Tiger Brokers’ user-friendly interface supports multi-market trading, suitable for Chinese users.
3. Customer Service: Tiger Brokers offers Chinese customer support for smooth communication.
4. Fund Transfer Efficiency: Tiger Brokers supports fast deposit methods like eDDA, helping you seize market opportunities.

If you prioritize trading flexibility and low costs, Tiger Brokers is the top choice for high-frequency traders.

Long-Term Investors

If you focus on asset security and long-term holding, HSBC, as a leading Hong Kong bank, offers high fund security with accounts directly linked to the bank, facilitating convenient deposits/withdrawals. You can access integrated banking services like wealth management and loans, suitable for users with large funds who prefer stable investments.

While Tiger Brokers has low Hong Kong stock trading fees, account and fund management occur through the broker’s platform, suitable for long-term investors willing to actively manage accounts. If you seek diversified investments, Tiger Brokers’ extensive product line meets those needs.

Choose a platform based on your investment goals and fund size. If you value security and banking services, HSBC is better. If you prioritize low costs and diversified investments, Tiger Brokers is more advantageous.

When choosing a Hong Kong stock broker, consider your trading habits and needs. Tiger Brokers’ low commissions and convenient operations suit young users and high-frequency traders, while HSBC is better for investors valuing Hong Kong banking services and fund security. You should also monitor cash flow, cash reserves, and fund movements to enhance the rationality of your investment decisions.

You should rationally analyze and choose the most suitable Hong Kong stock broker, avoiding blind following.

FAQ

How Long Does It Take to Open an Account with Tiger Brokers?

You can typically complete the Tiger Brokers account opening process within 3 business days. You only need to prepare your ID and a signed photo, with the entire process completed online.

What Is the Minimum Deposit Requirement for HSBC Account Opening?

When opening an account with HSBC, the minimum deposit requirement is $1,000 (USD). You need to prepare sufficient funds in advance to avoid account suspension due to low balances.

What Are the Mandatory Fees for Hong Kong Stock Trading?

You must pay stamp duty (0.1%), transfer fees (0.002%), and transaction levies (0.0027%) for each Hong Kong stock trade. These fees are uniformly charged by the Hong Kong government and relevant institutions.

What Deposit Methods Does Tiger Brokers Support?

You can deposit funds into your Tiger Brokers account via PayNow, bank transfers, and other methods. You can choose the most suitable method, with fast fund arrivals.

Which Is Safer: HSBC or Tiger Brokers?

When you open an account with HSBC, funds are stored directly in a Hong Kong bank account, offering high security. Tiger Brokers, as a licensed broker, segregates funds for management, also providing strong safety assurances.

After a detailed comparison of the Hong Kong stock trading fees for Tiger Brokers and HSBC, you’ll uncover a common pain point: the complexity of cross-border fund transfers. Whether it’s Tiger Brokers’ convenient deposits or HSBC’s integrated services, both inevitably require you to handle funds through an overseas bank account. This often means you will face high wire transfer fees, non-transparent exchange rate spreads, and long waiting periods. These hidden costs and inconveniences can significantly impact your trading efficiency and final returns.

BiyaPay is built to solve these cross-border financial pain points, providing you with a smoother and more cost-effective investment channel. We support the conversion between various fiat and digital currencies, allowing you to easily manage global assets, and offer a real-time exchange rate query feature to ensure you always get the best rates. Most importantly, we provide remittance fees as low as 0.5% with same-day delivery, significantly reducing your transaction costs and time. Now, you can invest in both U.S. and Hong Kong stocks on a single platform without needing a complex overseas account. Say goodbye to cross-border payment hassles and start your efficient financial journey now. Register with BiyaPay and make your fund management as smooth as your trading.