Financial Markets Supervisory Authority of Hong Kong has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.fmsahk.org.
After since last summer with Financial Markets Supervisory Authority of Hong Kong I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Professional team|Regular platform improvements|Social trading features
Cons: Cannot customize dashboard fully
Financial Markets Supervisory Authority of Hong Kong seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: No hidden fees|Tax reports included|Detailed reporting|Reliable uptime
Cons: Limited demo account features|Would like more payment methods
The platform itself is okay, but the customer service at Financial Markets Supervisory Authority of Hong Kong is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Easy to use platform|Fast support response|Intuitive for beginners
Cons: Limited social trading features
I am in a dispute with Financial Markets Supervisory Authority of Hong Kong over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Instant funding|Multiple order types|Competitive fees|Comprehensive tools
Cons: Minimum deposit could be lower|No crypto staking
I trusted Financial Markets Supervisory Authority of Hong Kong with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Two-factor authentication|Tax reports included
Cons: Minimum deposit could be lower|Spreads widen during volatile periods
After spending for about five months trying to make Financial Markets Supervisory Authority of Hong Kong work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Excellent charting|Transparent fees
Cons: Inactivity fee applies after 12 months
Financial Markets Supervisory Authority of Hong Kong advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: High security standards|Portfolio tracking tools|Risk management tools
Cons: Nothing significant|Would like more payment methods
My withdrawal from Financial Markets Supervisory Authority of Hong Kong was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since mid-2025 of being strung along.
Pros: Social trading features|Easy withdrawals|Stable platform
Cons: Wish they had more educational resources|Limited ETF selection
I found Financial Markets Supervisory Authority of Hong Kong when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for the past year and a half later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Automated trading options|Social trading features|Quick verification
Cons: Mobile app could be improved
I have been trying to close my account with Financial Markets Supervisory Authority of Hong Kong for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Segregated accounts|Instant funding|Low minimum deposit
Cons: Desktop app not available on Linux