US Securities Trading Service

Service overview

Hang Seng US Securities Trading Service allows you to trade US stocks online with ease. Through this one-stop service, you can manage US stocks in one Hang Seng securities account anytime and anywhere. Enjoy unlimited free real-time US stocks quotes[1] with your personalised watch list and submit the required tax declaration form online. Ready to seize investment opportunity? Open a securities account and trade US stocks online via the latest Hang Seng Invest Express mobile app now.

Activate securities account now at ease

Key features

Get unlimited free real-time quotes by adding US stocks into personalised watch list.

Substitute Form W-8BEN available on Hang Seng Invest Express mobile app which allows e-signature and online submission.

Offer a large amount of timely US stocks market data to help you grasp investment opportunities.

One-click to provide US market news translation[2] for reference.

USD0.015 per share (minimum charge of USD15 per transaction)

Hang Seng Invest Express

Invest smartly at your fingertips

Service details

How to start

Simple steps before you start trading

  1. 1

    Step 1:

    Open an Integrated Account at our designated branches. For account opening requirements, please refer to our account opening page.

  2. 2

    Step 2:

    Activate a Securities Account and USD Savings Account under your Integrated Account. If you already have an Integrated Account, you may follow our guideline to activate now.

  3. 3

    Step 3:

    Download Hang Seng Invest Express mobile app (“Invest Express”). For details, please refer to Invest Express product page.

  4. 4

    Step 4:

    Complete the Substitute Form W-8BEN. Please see “How to submit Substitute Form W-8BEN”.


    The US Internal Revenue Service Form W-8BEN allows beneficiary of a US sourced income to make a declaration of his / her status as non-US person. Non-US persons are subject to US withholding tax on certain types of income received from US sources, such as dividends, etc. Please note that the Bank does not offer tax treaty benefit claim services. The US source income (if any) received in your securities trading accounts will be subject to US withholding tax without any tax treaty benefit applied.

US Securities Trading hours (Hong Kong Time)

Monday to Friday except U.S. holidays

Summer Time (Starts on the second Sunday of March every year)
9:30 pm - 4:00 am of the next day

Winter Time (Starts on the first Sunday of November every year)
10:30 pm - 5:00 am of the next day

Trading and settlement currency

USD

Types of US securities available for trading

Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on New York Stock Exchange (NYSE), Nasdaq Global Market (NASDAQ), NYSE Amex Equities Market (AMEX) and NYSE ARCA

Trading channel

Hang Seng Invest Express mobile app only

Order type

Limit order and Market order

Minimum order quantity

1 Share

Settlement cycles

Settled on T + 2 day

Services charges for US Securities Trading Service

For details, please refer to our Securities Services Charges.

Step 1
Find out the stock(s) you are looking for with stock code or stock name.
Step 1
Select Substitute Form W-8BEN via left menu.

General questions

The Service can be provided via Invest Express to individuals who satisfy all the below:

  • Non-US and non-Canada persons, not a resident of US nor Canada, and not a citizen of Korea with residential or correspondence address in Korea; and
  • Able to provide a valid identification document such as permanent Hong Kong Identity Card or passport; and
  • Maintain a valid Substitute Form W-8BEN with the Bank; and
  • Accept the Agreement for US market information display services; and
  • Able to receive our Instant Order Confirmation Service SMS.

If you already have an Integrated Account with Securities Account (account suffix 085) activated, you can simply download Hang Seng Invest Express mobile app (“Invest Express”) to your device where you can submit the Substitute Form W-8BEN and accept the Agreement for US market information display services under “US Securities” from the top left menu of the app. You will also have to maintain sufficient fund in your USD Savings Account under the Integrated Account before you start to place orders.

Note(s): If your Securities Account is a Share Margin account or a Trading Limit account, you have to open a new Integrated Account and activate the Securities Account under it in order to use the Service.

The US Internal Revenue Service (“US IRS”) W-8BEN Form allows beneficiary of a US sourced income to make a declaration of his / her status as non-US person. Non-US persons are subject to US withholding tax on certain types of income received from US sources, such as dividends, etc.

  • All non-US account holders need to maintain a valid Substitute Form W-8BEN with the Bank and the Substitute Form W-8BEN will be subject to regular review. Customer can visit the US IRS website for downloading the US IRS W-8BEN Form and for instructions on completing the Form: http://www.irs.gov/pub/irs-pdf/fw8ben.pdf and http://www.irs.gov/pub/irs-pdf/iw8ben.pdf. If you would like to know more about the W-8BEN Form, please consult your professional adviser including but not limited to tax adviser. The Bank cannot provide you with any legal and/or tax advice.

Trading services

You can only trade US securities online via Invest Express. For Private Banking customers, you can also trade US securities via manned trading channel.

You can trade Common Stocks (excluding warrants), Exchange Traded Funds (ETFs) and American Depository Receipts (ADRs) traded on NYSE, NASDAQ, AMEX and NYSE ARCA, including securities listed in US as ADRs subject to French Financial Transaction Tax (“FFTT”), Italian Financial Transaction Tax (“IFTT”) or Spanish Financial Transaction Tax (“SFTT”). However, we do not accept trading / transfer in of low priced securities[3], and we do not provide IPO service for US securities.

You can place, amend or cancel (a) limit order anytime, or (b) market order during US trading hours, via Invest Express.

For multiple unexecuted orders captured before the market closes, we can only accept one amendment or cancellation instruction during non-trading hours. We will process your request in the next US trading session around 08:00 U.S. ET. Before we process your amendment or cancellation request, subsequent amendment and cancellation on related order cannot be accepted.

For limit order, you can specify an order expiry date from the list of dates provided under “Good Till”. You may select up to 14 calendar days. Market order is a day order and it will expire at the end of US trading hours on order capture date.

After you have entered and confirmed the order/ instruction details, a reference number will be shown on the top of acknowledgement page. This only represents acknowledgement of receipt of your order/ instruction by the Bank.

There is no guarantee that your order will be executed or executed in a timely manner in the market. The Bank will try its best to process your order but it may not be performed due to fluctuations in stock price, insufficient market liquidity, system failure or any other event beyond the control of the Bank.

You can use the “Order status” enquiry function to check the order status via Invest Express. Once your order is executed, execution results will be sent to your mobile phone number on our record via SMS. No inbox message nor manual order confirmation is provided for US securities orders.

Your order will be transmitted to the broker designated by our Bank from time to time for order execution. Under certain circumstances, including but not limited to corporate events like stock split/merge, stock suspension, exceeding acceptable price variance, low priced securities, your tax status change, or whenever the relevant broker determines that it is appropriate and in the interest of a fair and orderly market to protect investors and comply with applicable local regulation/exchange trading rules/market requirements as appropriate, the broker may not proceed to execute your order in the exchange without prior notice to you.

If order is rejected by broker or exchange, the order status will become “unexecuted”. Please remember to check the latest order status through the “Order status” screen after you have placed a new order, an amendment or a cancellation instruction.

The weighted average execution price of all the same stock transactions on the trading day is shown on the contract note, while the execution price and quantity of individual trade is shown in Invest Express.

For market orders, the hold amount will be equal to nominal price x your specified quantity x 101%. Market order will be executed at the price prevailing at the time of execution, which may largely deviate from the quoted price at the time of order placing.

If the funding in settlement account is insufficient to settle a purchase order due to price volatility, the Bank may in its absolute discretion execute the purchase order in whole or in part and/or deduct the relevant funds from customer’s other accounts (including but not limited to HKD account). Customer must settle any resulting overdraft before T+2.

The Bank reserves the right to sell the related securities to set-off the overdraft without prior notice to the customers.

No. The receivable funds from a sale transaction executed on day T can only be used on day T+2. Whereas, the receivable scrip from a buy transaction executed on day T may be sold immediately.

Settlement cycle of the US stock markets is usually 2 business days after order execution. For buy orders, debit of the purchase amount from your account and deposit of the purchased securities will take place 2 business days after trade execution day. For sell orders, sales proceeds will be credited to your account 2 business days after sale execution day.

Trading service will be provided on Hong Kong holidays if it is a U.S. trade day. If the settlement date of previous buy / sell trade falls on Hong Kong holidays, customer can still be able to sell respective securities / buy with respective funds.

However, the actual fund / securities settlement will be deferred to the next Hong Kong working day (excluding Saturday). Contract Note will also be prepared and sent to customers on the next Hong Kong working day (exluding Saturday).

Market news

You can access a wide range of US market information via Invest Express, including real-time stock quotes, the latest US market news, top movers and major U.S. indices. Some market information is sourced from NASDAQ only and may not include other exchanges, except closing price and information provided by Refinitiv. Please note that such market information and data is for your information and reference purposes only, you are reminded to refer to the disclaimer in the app.

Fee and charges

The brokerage fee is calculated based on the executed quantity or transaction amount of an order on individual trade day.

Knowledge and insights

Want to follow the latest market trend on HK stocks, A shares & US stocks?

Trading channel

Hang Seng Invest Express x etnet

  • One stop solution to trade HK stocks, A shares and US stocks
  • Place your order online with 4 simple steps
  • Effortless synchronization of traders’ watch list across all Hang Seng online platforms
  • Provide IPO subscription and IPO financing service (not applicable to US securities)

Useful information

Need more help?

Call our 24-hour hotline

Visit our branches

Footnote

Remark(s)

  1. Information provided by Refinitiv for reference only.
  2. The translated content is provided by 3rd party information provider with translation software used. The Bank makes no warranty as to the accuracy, reliability or correctness of any translations and accepts no liability in relation thereto.
  3. Any US securities with unit price below USD1 may be treated as Low Priced Securities (“LPS”) by the Bank. The list of LPS will be determined by the Bank in its sole discretion and which may change from time to time. In case a US security becomes a LPS, the customer may need to take appropriate action, including but not limited to transfer out, sell or relinquish its right in those securities. The Bank will no longer offer any other services in relation to those securities, including but not limited to trading, settlement service and corporate actions etc services.

To borrow or not to borrow? Borrow only if you can repay!