FXOpen launches HK share CFDs: Tencent, Alibaba, Xiaomi, Baidu

Rick Steves

Hong Kong share CFDs will be commission-free for a limited period of time.

FXOpen has expanded its product offering with the launch of Hong Kong share CFDs on its TickTrader platform, in a strategic move by the global forex and CFD broker to meet the evolving needs of its clients.

By opening up a wealth of new trading opportunities and access to one of Asia’s most dynamic financial markets, FXOpen further positions itself as a sharp FX broker that quickly responds to customer demand. In this case, the urge for exposure to Hong Kong markets, which provide a bridge to Chinese markets.

Tencent HK, Alibaba HK, Meituan HK, Xiaomi HK, JD.com HK, BYD HK, Baidu HK, NetEase HK, China Mobile HK, and China Petroleum HK are a few of the HK-listed share CFDs now available on FXOpen’s TickTrader platform.

“The opportunity to trade Hong Kong stock CFDs”

Gary Thomson, Chief Operating Officer at FXOpen UK, said: “We are delighted to offer our traders the opportunity to trade Hong Kong stock CFDs on our TickTrader platform. The decision to expand our offering reflects our ongoing commitment to providing our clients with access to the world’s leading financial markets, and we believe that in doing so, will empower our traders to take advantage of new opportunities presented.”

According to the FXOpen announcement, Hong Kong share CFDs will be commission-free for a limited period of time. Exposure to such instruments come as an opportunity to diversify portfolios and capitalize on market movements of Hong Kong shares.

Hong Kong has built a reputation as the ‘New York of the East’ and its financial market has seen remarkable growth in recent years, fueled by its role as a bridge between Eastern and Western markets. For example, the Hang Seng Index has been showing resilience despite global uncertainties, indicating strong investor confidence.

Founded in 2005, FXOpen is an FX and CFD broker offering access to more than 600 markets, with spreads from 0.0 pips, and a network of worldwide offices and entities in London, Cyprus, and Australia regulated by the FCA, CySEC, and ASIC respectively.

FXOpen zeroed commissions on index trades

Commission-free trading was first introduced by FXOpen in early 2023 as the broker removed the commission fees for any index trades placed on an FXOpen ECN account. Here are some of global index CFDs that tend to prove the most popular for FXOpen clients:

  • Wall Street 30: Tracks the performance of 30 of the biggest publicly traded firms in the United States.
  • Germany 40: Made up of the 40 largest companies on the Frankfurt Stock Exchange.
  • UK 100: The UK’s largest 100 firms, by market capital, as listed on the London Stock Exchange.
  • US Tech 100: Measures the performance of the 100 biggest non-financial companies in the United States, with a heavy focus on the technology sector.
  • Japan 225: A price-weighted index covering 225 of Japan’s largest companies.

In mid-2022, FXOpen enhanced trading conditions, namely in regard to ECN liquidity in order to provide the tightest spreads possible for their traders. The move has resulted in much tighter average spreads offered by the broker, namely in FX pairs as exemplified below:

EURUSD average spread 0.2 (data taken on 6th June vs average spread data taken on 21st June)

AUDUSD average spread 0.3 (data taken on 21st June)

USDJPY average spread 0.4 (data taken on 21st June)

USDCAD average spread 0.5 (data taken on 21st June)

The CFD broker also launched a partnership with TradingView, giving their traders access to the increasingly popular charting and social network trading platform.

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