What is the best way to buy Hong Kong stock eg Fu Shou Yuan International Group Ltd? - Seedly
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J Yeoh

Asked on 08 Dec 2019

What is the best way to buy Hong Kong stock eg Fu Shou Yuan International Group Ltd?

What's the process that I need to go through, and is there a preferred method to invest in it?

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Hi,

You'll need to open a trading account with a broker that has access to HK market.

After that, search for the ticker "1448.HK" to buy it.

Since the stock is the same no matter where you buy it, then we'd need to know what you mean by 'best' way to buy?

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👍 13
Daryl Liao, Fti
Daryl Liao, Fti
Level 7. Grand Master
Answered on 08 Dec 2019

I would say interactive Brokers If its cheap commissions we're talking about.

But how would you define best?

cheap commission, good exchange rate, user experience, Good customer service?​​​

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👍 9
Jonathan Ang
Jonathan Ang
Level 7. Grand Master
Answered on 08 Dec 2019

Interactive brokers for me :) Cheapest Comms in town.

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👍 6
Bjorn Ng
Bjorn Ng
Level 9. God of Wisdom
Answered on 08 Dec 2019

Hey there! You can consider to use Stand Chart or FSMOne, commissions are pretty reasonable. I used to use those, before I migrated everything to Interactive Brokers. IB can help to consolidate all my holdings as you can trade in all exchanges (Except SG), and even lower commissions! And guess what - you can actually transfer your holdings from FSMOne to FB for free!

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👍 5
JC
Jon Chua
Level 4. Prodigy
Answered on 08 Dec 2019

I use Interactive Brokers.... That is the best one so far from all the ones I have used, with lowest comms and real time exchange rate.

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👍 1
Choon Yuan Chan
Choon Yuan Chan
Level 9. God of Wisdom
Answered on 08 Dec 2019

AMDtrade or IB are one of the better option. While CMC markets is an option, The downside to CMC though is its limited HK stock range which means you may not be able to buy the obscure HK stocks that catches your eyes.

I will advise against using custodian account in our local brokerages because they have high charges and monthly maintenance fees

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👍 1
Wallace Chai
Wallace Chai
Level 9. God of Wisdom
Answered on 08 Dec 2019

I think i get what you mean. The best brokerage i feel is still interactive broker. With one platfrom, i can buy stocks from almost every country!

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👍 1