We found 1 Charles Schwab Online Brokerage for you!
Min. Account Funding
US$25,000
Min. Account Funding
- US Stocks & ETFs
- US$0
- Min. Commission Fee Treasuries
- US$0
- Min. Account Funding
- US$25,000
Find the Best Charles Schwab Online Investment Brokerage Accounts in Hong Kong 2023
Choose from MoneySmart's curated list of best Charles Schwab brokerage accounts in Hong Kong, and find brokerages with 0 commission fee!
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Charles Schwab Fees & Commissions
| Items | Fees | Right Column Header |
|---|---|---|
| Stocks, Preferred stocks and REITs | Online Trade：US$0. Broker-Assisted Trades：US$25/ transaction | |
| Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes, and TIPS | Online Trade：US$0.Broker-Assisted Trades：US$25/ transaction | |
| Other Secondary Trades: Corporate Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPS | Online Trade：US$1 per bond+ (US$10 minimum US$250 maximum).Broker-Assisted Trades：Online pricing + US$25 service charge |
About Charles Schwab
Established in 1971, Charles Schwab is one of the largest brokers in the US with 365 offices worldwide. As a member of the Securities Investor Protection Corporation (SIPC), securities customers of Charles Schwab are protected with coverage of up to US$500,000 (including US$250,000 for claims for cash). Apart from SIPC protection, Charles Schwab also provides additional brokerage insurance through an agreement with Lloyd's of London and various London insurers.
Are Charles Schwab brokerage accounts considered offshore accounts?
Charles Schwab Hong Kong brokerage accounts are not offshore brokerage accounts. Offshore brokerage account refers to a brokerage account opened in a jurisdiction outside of Hong Kong. Offshore accounts are not for everyone, but they can be useful if you are planning to live in another country, study/ work abroad or access international investment opportunities. However, money held in an offshore savings account is not protected in the same way a local bank account does. Therefore, before opening an account, you should check with your provider to see if your money will be protected by a different compensation scheme.
Charles Schwab (Hong Kong) vs Charles Schwab (International)
| Item | Charles Schwab (Hong Kong) | Charles Schwab (International) |
|---|---|---|
| Investor Protection | Yes. By SIPC | Yes. By SIPC |
| Offshore Account | No | Yes |
| Financial Products | Fewer choices | More choices, including preferred securities and convertible bonds. |
| Services | Fewer services | More services e.g. free checks, free visa debit card & free atm withdrawal |
How to Open a Charles Schwab Account?
Step 1
Complete account application and fill in tax forms
First, download and fill in a few forms including Schwab Hong Kong Individual / Joint Account Application, W-8BEN Form (Individuals) (for non-U.S. persons only) and Schwab Universal CRS Self-Certification. Don’t forget to sign and date all completed forms.
Step 2
Submit required supporting documents
Submit copies of the required supporting documents (including proof of ID, proof of address) together with your account application forms to Charles Schwab office.
Step 3
Start trading
When your account has been opened successfully, you can start trading on Charles Schwab website, StreetSmart Edge or Schwab Mobile apps.
Fund your Charles Schwab account
1. Wire Transfer
You can send U.S. dollars by value-dated authenticated wire transfer to Citibank. You need to ensure your account is properly credited and provide the eight-digit account number and name(s) listed on your Schwab account to your bank to be included in the "Message to Recipient".
2. Send a check
You can send a check payable to: "Charles Schwab & Co., Inc. FBO" and mail or drop it off to Charles Schwab, Hong Kong, Ltd. Rooms 602-606, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong. Please include your eight-digit Schwab account number as well.
3. Transfer
If you have another Schwab account, you can switch the funds from one account to another account under the same name simply by filling in a journal instruction form and sending it to Charles Schwab through mail or fax to +852-2810-9698.
Please note that third-party deposits and transfers are not accepted. The name(s) of the person(s) who issues the check and wire transfer must be the same as the registration of the Schwab account.
Charles Schwab Address
Rooms 602-606, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong
Charles Schwab Hotline
Existing customers can call +852-2101-0500
Office Hours: Monday 5:30 am – Saturday 1:00 pm (HK Time)