- US Stocks & ETFs
- Min. Commission Fee Treasuries
- Min. Account Funding
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|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|
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.
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.
|Item||Charles Schwab (Hong Kong)||Charles Schwab (International)|
|Investor Protection||Yes. By SIPC||Yes. By SIPC|
|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|
Rooms 602-606, Gloucester Tower, The Landmark, 15 Queen's Road Central, Central, Hong Kong
Existing customers can call +852-2101-0500 Office Hours: Monday 5:30 am – Saturday 1:00 pm (HK Time)