Find the Best Charles Schwab Online Investment Brokerage Accounts in Hong Kong 2021

Choose from MoneySmart's curated list of best Charles Schwab brokerage accounts in Hong Kong, and find brokerages with 0 commission fee! Read More
We found 1 Charles Schwab Online Brokerage for you!
Charles Schwab 嘉信理財 logo

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
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Charles Schwab Fees & Commissions

Items FeesRight Column Header
Stocks, Preferred stocks and REITsOnline Trade:US$0. Broker-Assisted Trades:US$25/ transaction
Treasuries, including Auction and Secondary: Treasury Bonds, Treasury Bills, Treasury Notes, and TIPSOnline Trade:US$0.Broker-Assisted Trades:US$25/ transaction
Other Secondary Trades: Corporate Bonds, Government Agencies, Zero-Coupon Treasuries, including STRIPSOnline 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)

ItemCharles Schwab (Hong Kong)Charles Schwab (International)
Investor Protection Yes. By SIPCYes. By SIPC
Offshore Account NoYes
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 2Submit 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 3Start 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)