StableStock blocks Hong Kong users; HabitTrade denies providing services in Hong Kong.
According to statements from both platforms, StableStock and HabitTrade responded to recent announcements from the Hong Kong Securities and Futures Commission (SFC) regarding the promotional activities of certain platforms. StableStock stated that it has implemented geo-blocking for Hong Kong users at the registration and trading levels and removed third-party promotional content that could reach Hong Kong users. It also stated that existing user assets, trading, and custody arrangements are unaffected. HabitTrade emphasized that it is a licensed brokerage firm and compliant financial services platform in Australia, and does not conduct regulated business in Hong Kong, nor does it promote or provide services to the Hong Kong public. The company stated that it will take legal action against third parties who use its brand for unauthorized promotion or traffic redirection and will cooperate with regulatory investigations in relevant jurisdictions.