We found 1 SoFi Hong Kong Online Brokerage for you!
Brokerage & Robo advisor
2-in-1 App
Brokerage & Robo advisor
- US Stocks & ETFs commission
- US$0
- HK Stocks & ETFs commission
- HK$0
- Brokerage & Robo advisor
- 2-in-1 App
SoFi Hong Kong Brokerage Account 2024: Charges and Opening Account Offers
Choose from MoneySmart's curated list of best SoFi Hong Kong brokerage accounts in Hong Kong, and find brokerages with 0 commission fee!
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About SoFi Hong Kong
The headquarter of SoFi is situated at San Francisco, California. It is one of the largest and fastest growing fintech companies in the US with over 1 million members around the world. SoFi is fully licensed in Hong Kong to serve investors in town. SoFi is committed to helping clients reach financial independence to realize their ambitions.
SoFi Hong Kong Trading Fees
| Item | HK stocks | US stocks |
|---|---|---|
| Opening Account Fee | HK$0 | US$0 |
| Commission - Hong Kong and US equity trades | HK$0 | US$0 |
| DTC Deposit Fee | N/A | US$0 |
| DTC Withdrawal Fee | N/A | US$48 |
| Platform Fee (monthly) | HK$30 | HK$30 |
SoFi Hong Kong Features
HK$0 Commission
No commission fees for US, HK stock and ETF trading which is a good option for day trading.
Learn from the best performing investors
SoFi clients can follow the best performing investors in the community to learn about their portfolios, what they trade and compare your ranking against them.
Increase your buying power
Investors can boost your buying power by taking out a loan from SoFi to amplify your gains.
Trade over 15,000 Global Stocks & ETF
Investors can trade over 15,000 Hong Kong and US stocks and ETFs and make deposits and withdrawals from your linked bank account with just a few clicks.
Earn SoFi Points for free stocks
Enjoy a loyalty program for all SoFi Hong Kong members simply by completing tasks in the app and redeem points for free stocks.
Own fractional shares
SoFi breaks stocks into small and affordable shares called fractional shares to fit your financial situation.
Fully licensed
SoFi is fully licensed and regulated by the Securities and Futures Commission of Hong Kong. Investors can be rest assured that your money is safe as your deposits are safeguarded in separate accounts with Hong Kong’s largest banks including HSBC and Bank of China.
SoFi vs Futu
| SoFi | FuTu | |
|---|---|---|
| Commission | HK$0 | HK Stock: HK$0 US Stock: US$ 0.0049/ share A Shares: 0.03% |
| Products Available | Can trade over 15,000 Hong Kong & US stocks and ETFs | Hong Kong, US stocks & A Shares |
| How to deposit? | Online banking,Phone banking,ATM,Bank branch,Telegraphic transfer | eDDA deposit,Bank securities transfer,FPS , Online banking,ATM,Bank branch,Cheque |
| How to withdraw money? | Transfer to a registered bank account | Cheque Withdrawal |
How do I deposit money into my SoFi Hong Kong account?
Investors can make deposits into SoFi account using the methods below:
- Online banking
- Phone banking
- ATM
- Bank branch
- Telegraphic transfer
- Overseas telegraphic transfer
How do I withdraw money from SoFi?
Investors can either submit a withdrawal instruction online or download and complete a designated form and email, fax or mail it to SoFi to request to transfer the money to a registered bank account. The transfer of cash to a Hong Kong bank usually takes one to two days if the instruction is made before 11am.
How to open a SoFi account?
Step 1
First, download the SoFi Hong Kong app on Apple Store and Google Play Store.
Step 2
Then, submit your application and provide the following documents
- Identity Card
- Passport
- Proof of residential address
- Proof of bank account
Step 3
Once you have completed the application, simply confirm your application with e-signature and transfer at least HK$10,000 initial deposit to your SoFi account.
SoFi Stocks Account FAQ
Does trading on SoFi cost money?
- While SoFi HK offers 0 commissions, users have to pay a monthly platform fee HK$30. Also they need to pay taxes and other fees to the government.
Is SoFi good for day trade?
- SoFi is a good option for day trading as it does not charge trading fees.
Can you trade after hours on SoFi Hong Kong?
- Investors can start placing orders for the next trading day, 30 minutes after market close.
Is Sofi HK the same as SoFI US?
- SoFi US acquired Hong Kong-based mobile stock trading startup 8 Securities and now rebranded as SoFi Hong Kong.
Is SoFi safe to use?
- Yes. First, your deposit is kept in segregated custodial corporate accounts with 2 major banks in HK, namely HSBC and Bank of China. Moreover, the US and Hong Kong securities invested are held in custody with the Depository Trust and Clearing Company (DTCC) and the Hong Kong Securities Clearing Company Limited (HKSCC). Also, your funds are protected under the Investor Compensation Fund (ICF) for a maximum of HK$500,000.