HKGX Regulated Brokers on the Hong Kong Gold Exchange

Forty-three brokers in the WIKILIX database hold a licence from the Hong Kong Gold Exchange (HKGX), and every one is listed below, ordered by WIKILIX score. These are physical gold and silver dealers rather than retail forex brokers, so the list reads nothing like a directory of currency or CFD platforms. The oldest, China Everbright Securities International, has traded since 1973. The newest opened in 2023.

An HKGX licence authorises a firm to deal in spot gold and silver on Hong Kong's physical bullion exchange. In the WIKILIX classification it is a tier-3, offshore authorisation, which signals lighter oversight than a tier-1 markets regulator such as the UK's FCA. Nine of the 43 firms carry licences from other authorities as well. Some pair the gold exchange with far stronger regulators: Hantec Bullion adds ASIC, the FCA and VFSC, while Emperor Financial Services (EFSG) adds the FCA and Hong Kong's SFC.

What an HKGX licence covers, and what it does not

Exchange membership concerns physical metal, not leverage products or the client-money protection a currency broker advertises. That distinction matters. Many firms here record a maximum leverage of 1:1, consistent with spot dealing rather than margined trading, while a few list ratios as high as 1:1000. A membership number confirms a firm can trade on the exchange. It does not tell you the firm accepts clients from your country, and it is not a verdict on safety.

Two entries carry the label suspiciousClone in our records, and two more are flagged exceeded. Hong Kong's bullion market has a long, documented history of firms impersonating genuine members, so a clone flag on a gold dealer is not a footnote. Success Finance Group posts the highest score on this page at 70.4 yet sits under a suspiciousClone label, a plain reminder that a number near the top of a list is not a clearance.

How the 43 break down

• Established firms: 17 opened before 2010, among them ACU Bullion (1975), EFSG (1978) and Plotio Global Financial (1983).
• Scores: the median is 29.6, with the full range running from 4 to 70.4. Most firms cluster in the high 20s.
• Multiple licences: 9 firms hold two or more regulators. Plotio carries six, Wing Fung and Hantec Bullion four each.
• Status: 39 read regulation, 2 suspiciousClone and 2 exceeded.

Before you deal with an HKGX member

• Confirm the firm's membership on the exchange's own member list rather than a third-party directory.
• Check which entity you are contracting with. Several members are domiciled outside Hong Kong, and Emperor Xpro is registered in Saint Vincent and the Grenadines.
• Read the leverage figure as a signal of product type: 1:1 points to spot physical metal, high ratios point to margined derivatives the gold licence may not cover.
• Weigh the status label before the score. A clone or exceeded flag outranks a high number.