If you trade or follow Hong Kong stocks on M+ Global, you’ll need to understand the quote service tiers available to you. This guide breaks down the three services—BMP, LV1, and LV2—so you can choose what suits your trading style and information needs.
Understanding Hong Kong Stock Quote Services
M+ Global provides three levels of Hong Kong stock market data services. Each one differs in how fast data updates, how many stocks you can monitor, and what trading functions you unlock. Choosing the right tier depends on whether you’re a casual tracker or an active trader.
The Three Service Levels Compared
| Feature | BMP Service | LV1 Service | LV2 Service |
| Refresh Frequency | Manual refresh | Real-time refresh | Real-time refresh |
| Market Overview | 20 stocks | Unlimited | Unlimited |
| Ticker Data | None | Yes | Yes |
| Trading Orders | None | 1 order | 10 orders |
| Trading Broker | None | None | 40 orders |
BMP Service: Basic Market Price Service
BMP (Basic Market Price Service) is the entry-level tier. It requires manual refresh of market prices at your request—the data does not update automatically. This design reflects Hong Kong Stock Exchange requirements.
With BMP, you can view real-time data for up to 20 securities in your market overview. Any other securities you follow will show prices delayed by 15 minutes. BMP does not include ticker data or any trading order functions, making it suitable for investors who simply want to monitor a small watchlist without placing orders through the app.
Remisier tip: Use BMP if you’re learning the HK market or tracking just a handful of blue-chip stocks. The manual refresh habit also encourages you to check the market deliberately rather than obsessively.
LV1 Service: Real-Time Data with Basic Trading
LV1 (Level 1) upgrades you to real-time refresh, meaning prices update automatically without you needing to tap a button. You gain access to unlimited stocks in your market overview, and you’ll receive ticker data—detailed price and volume information.
LV1 also unlocks trading functionality: you can place 1 trading order at a time. This service suits active traders who need live prices and the ability to execute single orders quickly, but do not need to juggle multiple open positions simultaneously.
LV2 Service: Professional Trading Level
LV2 (Level 2) is the highest tier. Like LV1, it offers real-time refresh, unlimited market overview, and ticker data. The key difference is trading capacity: LV2 allows up to 10 trading orders and 40 broker orders, giving you far greater flexibility to manage multiple positions, scalp small moves, or execute complex strategies.
LV2 is designed for serious day traders, hedge traders, and professional investors who need to monitor and execute multiple orders rapidly across different Hong Kong stocks or warrants.
Important: Device Login and the “Mutual Kicking” Rule
The Hong Kong Stock Exchange has a strict rule: only one device can hold advanced real-time market permissions when multiple devices are logged into the same account at the same time.
What happens when you log in on a second device? The second device “kicks” the first device off the advanced tier. The first device automatically drops back to BMP service (manual refresh, 20-stock limit). When this happens, the kicked device will show a notification and offer a restart quotes button.
If you click “restart quotes” on the kicked device, that device regains the advanced permission, and the other currently logged-in device gets kicked back to BMP. This mutual kicking continues for whichever device last initiated a quotes restart.
Remisier tip: If you trade from multiple devices (phone + tablet, or office + home), log out of the one you’re not actively using, or accept that only one will have full real-time access. Constant “kicking” can be frustrating and disrupt your workflow.
Key Takeaways
- BMP = manual refresh, 20 stocks, no trading; best for casual followers.
- LV1 = real-time, unlimited stocks, 1 active order; good for part-time traders.
- LV2 = real-time, unlimited stocks, 10 trading + 40 broker orders; for active professionals.
- Only one logged-in device can use advanced (LV1 or LV2) permissions at a time under HK exchange rules.
- When a second device logs in, it kicks the first to BMP; either device can regain advanced access by restarting quotes.
- Choose your service tier based on how many stocks you track and how actively you trade.
Frequently Asked Questions
What is the difference between BMP, LV1 and LV2 on M+ Global?
BMP requires manual refresh and shows 20 stocks in real-time (others delayed 15 minutes). LV1 and LV2 both offer real-time refresh and unlimited stocks. LV1 allows 1 trading order; LV2 allows 10 trading orders and 40 broker orders. Choose based on how actively you trade.
Can I use LV1 or LV2 on multiple devices at the same time?
No. Hong Kong exchange rules allow only one device to hold advanced real-time permissions per account. If you log in on a second device, it kicks the first device back to BMP. Either device can regain advanced access by restarting quotes, which then kicks the other device back to BMP.
What happens if I keep logging in on different devices?
Whichever device last clicked “restart quotes” will have the advanced permission, and the other logged-in device will drop to BMP service. This can happen repeatedly if multiple devices are active. To avoid disruption, log out of devices you’re not actively using.
Is ticker data available on BMP service?
No. Ticker data is only available on LV1 and LV2 services. BMP offers basic price information on up to 20 stocks and 15-minute delayed prices for the rest.
Which service should I choose if I only want to monitor prices and not trade?
If you monitor fewer than 20 HK stocks and do not need real-time updates, BMP is free and adequate. If you track more than 20 stocks or want real-time prices without trading, LV1 is the best fit.
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Source: based on the official M+ Global Help Centre (Malacca Securities Sdn Bhd). Fees, hours and procedures are set by Malacca Securities and the exchanges and may change — check the M+ Global app or ask your remisier for the latest.
Disclaimer: This guide is for general information only and is not financial advice.
