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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
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)
Invest smartly at your fingertips
Step 1:
Open an Integrated Account at our designated branches. For account opening requirements, please refer to our account opening page.
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.
Step 3:
Download Hang Seng Invest Express mobile app (“Invest Express”). For details, please refer to Invest Express product page.
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.
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
USD
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
Hang Seng Invest Express mobile app only
Limit order and Market order
1 Share
Settled on T + 1 day[4]
For details, please refer to our Securities Services Charges.
The Service can be provided via Invest Express to individuals who satisfy all the below:
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.
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.
During the order placement process, the hold amount is calculated as follows for Market Order:
Hold amount = Limit up price x your specified quantity
Hold amount = Maximum (Previous closing or Last trade price before trading halt) x your specified quantity x 115%
Please note, “Limit up price” is part of the Limit Up-Limit Down (LULD) mechanism which is intended to prevent trades in US National Market System (NMS) securities from occurring outside of specified price bands. The bands would be set at a percentage level above and below the average reference price of the security over the preceding 5-minute. Please refer to the details below:
| Securities type | Time period | Price band percentage |
|---|---|---|
| Tier 1 securities and previous close price is > USD3.00 | During market open and trading hours, excluding market close (9:30 a.m. to 3:35 p.m. US ET) | 5% |
| Tier 2 securities and previous close price is > USD3.00 | During trading hours, including market open and close (9:30 a.m. to 4:00 p.m. US ET) | 10% |
| Tier 1 and 2 securities and previous close price is USD0.75 - USD3.00 | During market open and trading hours, excluding market close (9:30 a.m. to 3:35 p.m. US ET) | 20% |
| Tier 1 and 2 securities and previous close price is < USD0.75 | During market open and trading hours, excluding market close (9:30 a.m. to 3:35 p.m. US ET) | The lesser of USD0.15 or 75% |
| Tier 1 securities and previous close price is > USD3.00 | During market close (3:35 p.m. to 4:00 p.m. US ET) | 10% |
| Tier 1 and 2 securities and previous close price is USD0.75 - USD3.00 | During market close (3:35 p.m. to 4:00 p.m. US ET) | 40% |
| Tier 1 and 2 securities and previous close price is < USD0.75 | During market close (3:35 p.m. to 4:00 p.m. US ET) | The lesser of USD0.30 or 150% |
Tier 1 refers to securities that are S&P 500 constituent stock, Russell 1000 Index constituent stock and selected exchange-traded products. Tier 2 refers to all other securities.
Example (for reference only):
The current average reference price of an S&P 500 constituent stock is USD50.00 during market hours. If you want to place a market order of 10 shares of this stock, we’ll calculate the "hold amount" as USD525.00 (Limit up price is USD50.00 x 105% = USD52.50) and you should ensure that you have sufficient funds in your settlement account to settle the order after it is executed.
Market orders 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 your settlement account is insufficient to settle a buy order due to price volatility, we reserve the right to execute the buy order in whole or in part and/or deduct the relevant funds from your other accounts (including but not limited to HKD account). If this results in an overdraft in your settlement account, you must settle it before T+1. We reserve the right to sell the related securities to set-off the overdraft without prior notice.
Settlement cycle of the US stock markets is usually 1 business day after order execution. For buy orders, debit of the purchase amount from your account and deposit of the purchased securities will take place 1 business day after trade execution day. For sell orders, sales proceeds will be credited to your account 1 business day after sale execution day.
Trading service will be provided on Hong Kong holidays if it’s a U.S. trade day. If the settlement date of previous buy / sell trade falls on Hong Kong holidays, you can still be able to sell respective securities / buy with respective funds.
However, contract note will be prepared and sent to you on the next Hong Kong business day (excluding Saturday).
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.
The brokerage fee is calculated based on the executed quantity or transaction amount of an order on individual trade day.
Comprehensive securities experience is just a few steps away[5]
Open an Integrated Account and activate your securities account and other investment accounts via Hang Seng Mobile App with ease
Want to follow the latest market trend on HK stocks, A shares & US stocks?
Want to trade US stocks but don’t know where to begin? Try investing in US ETFs as the start point
To borrow or not to borrow? Borrow only if you can repay!
Investments involve risks. The prices of securities fluctuate, sometimes dramatically. The price of a security may move up or down, and may become valueless. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Foreign securities carry additional risks not generally associated with securities in the domestic market. The value or income (if any) of foreign securities may be more volatile and could be adversely affected by changes in many factors. Investors should read in detail the relevant Risk Disclosure Statements before making any investment decision. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong.