USD and HKD deposit

U.S. stocks must be traded in U.S. dollars because the trading currency unit of the U.S. stock market is the U.S. dollar. Exchange Regulations: Major U.S. stock exchanges, such as NASDAQ and NYSE, set regulations for trading in U.S. dollars. All stocks listed on these exchanges are quoted, settled and traded in U.S. dollars.

If other currencies are used for US stock transactions, there is exchange rate risk. Due to exchange rate fluctuations in the foreign exchange market, exchanging different currencies may cause you to gain or lose additional amounts during the transaction. Trading in U.S. dollars provides better liquidity and convenience. The U.S. dollar is one of the most widely accepted reserve currencies in the world. Using the U.S. dollar when trading U.S. stocks can make transactions and settlements with other investors more convenient.

When trading US stocks, you need to convert your local currency into US dollars. This usually involves a currency exchange operation through a bank or broker and may incur a fee. Before actual operation, it is necessary to consult with financial institutions or brokers to understand specific transaction details and fees.