We found 1 Charles Schwab Online Brokerage for you!
Min. Account Funding
US$25,000
Min. Account Funding
- Dividend Collection Fee - US Stocks
- 0%
- Minimum Commission - US Stocks
- US$0
- Min. Account Funding
- US$25,000
Best Charles Schwab US Stock Brokers: Buy US Stocks in HK
Looking to buy US Stocks? Compare Charles Schwab Online Brokerage platform in terms of commission fees and charges and learn US stocks trading basics through MoneySmart.
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Charles Schwab US Stocks Trading Fees
| Types | Charges | Remarks |
|---|---|---|
| Trading Fees (Online) | US$0 | Please note that the standard online US$0 commission does not apply to large block transactions. |
| Trading Fees (Broker-assisted) | US$25 | N/A |
| Monthly account maintenance fee | US$0 | N/A |
Charles Schwab HK reviews - Background of Charles Schwab
Established for more than 40 years, Charles Schwab has been part of the financial landscape in America. Charles Schwab is a brokerage firm, offering a wide range of investment products, including stocks, bonds, ETFs, mutual funds, annuities and more. Schwab offers one of the lowest rates among banks and brokers in Hong Kong.
What’s more, Charles Schwab is an online bank, offering savings accounts and other banking services including home loans.
What’s more, Charles Schwab is an online bank, offering savings accounts and other banking services including home loans.
Charles Schwab vs First Trade
| Items | Charles Schwab | Charles Schwab First Trade |
|---|---|---|
| Trading Fees | US$0 | US$0 |
| Minimum deposit for account opening | US$25,000 | No minimum deposit required |
| Margin rate | NA | 8.75% |
| Investment products | Stocks, Exchange-traded Funds (ETFs),American Depositary Receipts (ADRs) , Fixed Income, etc. | Stocks, Exchange-traded Funds (ETFs) , Fixed Income, etc. |
| Ways to deposit | Wire transfer, check deposit & bank transfer | ACH electronic funds Transfer, wire transfer & bank transfer |
Charles Schwab vs TD Ameritrade
| Items | Charles Schwab | TD Ameritrade |
|---|---|---|
| Trading Fees | US$0 | US$0 |
| Minimum deposit for account opening | US$25,000 | US$0 |
| Margin rate | NA | 7.50-9.50% |
| Investment products | Stocks, Exchange-traded Funds (ETFs),American Depositary Receipts (ADRs) , Fixed Income, etc. | Stocks, Exchange-traded Funds (ETFs), Options, etc. |
| Ways to deposit | Wire transfer, check deposit & bank transfer | FPS, wire transfer, check deposit & bank transfer |
How to Open a Charles Schwab HK Account?
Step 1
Download and fill out the account application and tax forms
Step 2
Then, prepare required supporting documents e.g proof of ID
Step 3
Next, submit the completed application and supporting documents to Charles Schwab office. Once the account is approved, you can fund your account and start investing.
How can I transfer money to my Charles Schwab Account?
You can transfer money to your Charles Schwab account by wire transfer, check deposit and bank transfer.
FAQ
Is Charles Schwab good for day trading?
- Yes, because it doesn’t charge any commission fee.
Does Charles Schwab have a minimum account balance?
- US$25,000 is required to open a Schwab Hong Kong U.S. Dollar account.
Is Charles Schwab a bank?
- Charles Schwab is also an online bank, with savings accounts and other banking services such as mortgage loans available.
Can I get a debit card if I have a Charles Schwab Hong Kong Account?
- No. Unfortunately Debit Cards are not available to users of Charles Schwab Hong Kong.