Trading Protection | SIPC® Coverage | Charles Schwab Hong Kong

Account Protection & Security

Charles Schwab, Hong Kong, Ltd.

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SIPC Protection

As a Schwab Hong Kong account holder, you automatically enjoy the protection afforded by The Securities Investor Protection Corporation (SIPC). SIPC was established in the US to protect investors from loss of securities or money in the unlikely event of broker insolvency. Your assets are immediately eligible for this cover whether you are trading over the web, the hotline or in person at the Schwab Investor Center.

SIPC provides up to $500,000 of protection for brokerage accounts held in each separate capacity (e.g., joint tenant or sole owner), with a limit of $100,000 for claims of uninvested cash balances. This protection does not cover fluctuations in the market value of your securities. Account protection is not provided by SIPC for the accounts of banks or broker/dealers maintained for their own accounts.

How much does excess SIPC protection cost me?

This coverage is automatically extended to our clients at no cost.

Where can I get more information?

More information about SIPC coverage is available at www.sipc.org.

Additional Protection through Lloyd's of London and other London Insurers

Additional brokerage insurance—in addition to SIPC protection—is provided to Charles Schwab accounts through underwriters in London. Schwab’s coverage with Lloyd's of London and other London insurers, combined with SIPC coverage, provides protection of securities and cash up to an aggregate of $600 million, and is limited to a combined return to any customer from a Trustee, SIPC and London insurers of $150 million, including cash of up to $1 million. This additional protection becomes available in the event that SIPC limits are exhausted.

Internet Trading

When you place an order or provide personal information in our Customer Centre, we encrypt it using Secure Socket Layer (SSL) technology. SSL protects information as it crosses the Internet. To support this, you need a SSL-capable browser.

Schwab recommends using a strong encryption, 128-bit browser like Microsoft Internet Explorer 5.01 or Netscape Navigator 4.5 or higher. When you're connected to a secure server, the padlock symbol on the bottom right of Netscape Navigator's and Internet Explorer's browser screen is shown locked. If you like, you can download the latest strong encryption browser from Netscape or Microsoft. At places where or your web browsers do not support 128-bit encryption, the security protection applicable to your web browser may be lower than those that support 128-bit encryption.

Note that SIPC coverage and additional protection through Lloyd’s of London and other London insurers do not protect investors against a decline in the market value of securities.

Not all securities, products or services described are available in all countries, and nothing here is an offer or solicitation of any security, product or service in any jurisdiction where their offer or sale is not qualified or exempt from regulation.

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Investment involves risks, including the possible loss of the principal amount invested. Past performance is not an indication of future results, and values fluctuate. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

Investors should consider carefully information contained in the relevant offering documents, including investment objectives, risks, charges and expenses. You can request an offering document by calling Schwab at +852-2101-0511. Please read the offering documents carefully before investing.

This site is published by Charles Schwab, Hong Kong, Ltd. and has not been reviewed by the Securities and Futures Commission of Hong Kong.

Charles Schwab, Hong Kong, Ltd. is registered with the Securities and Futures Commission ("SFC") to carry out the regulated activities in dealing in securities, advising on securities and advising on futures contracts under registration CE number ADV256.

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This site is principally designed for Hong Kong residents. For other countries, securities, products and services described are subject to country-specific restrictions and are not available in all countries. Nothing here is an offer or solicitation of these securities, products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration.