Updated on 16 April 2020
There are three ways of creating an account:
Each individual or entity (business, trust, etc.) may open and operate only one Kitco account.
Once your account is opened, you must activate it before you can buy or sell precious metals. For instructions on how to do this, see "How do I activate my Kitco account?"
Back to topIndividual account
To activate a Kitco individual account, you must submit a clear, legible copy of following documents:
Business account
To activate a Kitco business account, you must submit a clear, legible copy of following documents:
Depending on the type of entity for which the account is being opened, the following additional documents are required:
Sole proprietorship | Partnership | Corporation |
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Other legal entity (unincorporated association, community group, non-profit organization, registered charity, place of worship, etc.) |
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Once you have gathered the relevant documents, send them to us by one of the following methods:
Fax | : | 852 2827-7899 |
: | hkinfo@kitco.com | |
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Kitco (Asia) Limited Unit 1405, 14/F West Tower, Shun Tak Centre 168-200 Connaught Road Central Sheung Wan Hong Kong |
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In person | : | Visit our retail store (see map) |
Hong Kong residents can place orders worth up to $20,000 (USD or the equivalent amount in HKD) as soon their Kitco account is opened and activated. For larger orders, depending on their value, you require at least 15 or 25% of the total value of all open transactions in cleared funds on your Kitco account. Residents of all other countries cannot place any orders without such cleared funds with Kitco. That is why we recommend that you prefund your Kitco account. Doing so will allow you to place orders of your desired size at any time and take immediate advantage of favourable price movements. For information on funding your account, see "How can I add funds to my account?" Back to top
International customers
International customers can add funds to their accounts by bank wire only.
Hong Kong customers
Hong Kong customers can add funds to their accounts by any of the following methods:
* | Please note that intermediary bank fees and/or administrative fees are often deducted from the amount you transfer by bank wire. To ensure that Kitco receives the expected amount in full, please send enough additional funds to cover such deductions (your bank should be able to advise you on how much this amount might be). |
† | Payments made by any kind of cheque are subject to a holding period of four business days from the date of receipt to ensure clearance. Cheques will be returned to you by Kitco if they are incorrectly written (with an incorrect or missing date, dollar amount discrepancies, incorrect spelling, missing signature, etc.). Your bank will return your cheque if there are insufficient funds in your bank account or if your bank account is closed or not traceable. Should this happen, you will be charged an administrative fee of $35 (USD or the equivalent amount in HKD). Cheques returned by Kitco will be sent to you by regular mail. At your request, we can return your cheque by courier for a fee of $10 (USD or the equivalent amount in HKD). An exchange rate of USD 1 to HKD 7.80 will be applied for the purpose of determining the fees. |
Cheque payment instructions (Hong Kong customers only)
Write your cheque as illustrated below:
Front of cheque
Back of cheque
Send your cheque to:
Kitco (Asia) Limited
Unit 1405, 14/F
West Tower, Shun Tak Centre 168-200
Connaught Road Central Sheung Wan
Hong Kong
Bank wire instructions
Send your payment to:
Bank of China (Hong Kong)
USD payments | HKD payments | |
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Beneficiary | Kitco (Asia) Limited | Kitco (Asia) Limited |
Bank name | Bank of China (Hong Kong) Limited | Bank of China (Hong Kong) Limited |
Address | Bank of China Tower, 1 Garden Road, Central, Hong Kong | Bank of China Tower, 1 Garden Road, Central, Hong Kong |
Account number | 012-819-0-800553-5 | 012-819-0-002656-5 |
SWIFT code | BKCHHKHH | BKCHHKHH |
OR
The Bank of East Asia
USD and HKD payments | |
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Beneficiary | Kitco (Asia) Limited |
Bank name | The Bank of East Asia, Limited |
Address | 10 Des Voeux Road Central, Hong Kong |
Account number | 015-521-68-009222 |
SWIFT code | BEASHKHH |
OR
China CITIC Bank International
USD payments | HKD payments | |
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Beneficiary | Kitco (Asia) Limited | Kitco (Asia) Limited |
Bank name | China CITIC Bank International Limited | China CITIC Bank International Limited |
Address | 61-65 Des Voeux Road, Central, Hong Kong | 61-65 Des Voeux Road, Central, Hong Kong |
Account number | 018-735-2-16232-101 | 018-735-2-16232-100 |
SWIFT code | KWHKHKHH | KWHKHKHH |