Financial Services Regulator of Hong Kong has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: HK Diamond Exchange Building 8 Duddell Street Central Hong Kong 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.fsrhk.org.
Financial Services Regulator of Hong Kong changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Portfolio tracking tools|Multi-device support|Great customer service|Dedicated account manager
Cons: Inactivity fee applies after 12 months
I lost a significant amount because Financial Services Regulator of Hong Kong did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multi-currency support|Portfolio tracking tools|Intuitive for beginners|Demo account available
Cons: Onboarding videos are outdated|Limited cryptocurrency options
I found Financial Services Regulator of Hong Kong through my accountant's suggestion and the initial impression was positive. But for a couple of months now 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: Easy to use platform|Portfolio tracking tools
Cons: Limited ETF selection
I signed up with Financial Services Regulator of Hong Kong through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Fast execution|Good analytical tools
Cons: Would like more payment methods|None so far
Do not believe the bonus offer from Financial Services Regulator of Hong Kong. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited while looking for alternatives to my previous provider and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: High security standards|Dividend tracking|Dedicated account manager|Two-factor authentication
Cons: Some tools only available on higher tiers
Do not be fooled by the professional-looking website. Behind the scenes, Financial Services Regulator of Hong Kong is disorganized and incompetent. I found them after reading several online reviews and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: No hidden fees|Clean UI|Fast support response
Cons: Limited ETF selection|Wish they had more educational resources
Financial Services Regulator 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: Competitive fees|Comprehensive tools|Great customer service|Excellent charting
Cons: Would like more payment methods|Live chat only during business hours
The onboarding at Financial Services Regulator of Hong Kong was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Stable platform|Instant funding
Cons: Could offer more webinars|Live chat only during business hours
The reporting at Financial Services Regulator of Hong Kong is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: No hidden fees|API access|Real-time alerts
Cons: Alert system is basic
Opened my account with Financial Services Regulator of Hong Kong through word of mouth in my investment club and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multiple order types|Easy to use platform
Cons: Mobile app could be improved