Updated on 16 April 2020

Opening and funding an account

How do I open a Kitco account?

There are three ways of creating an account:

  1. Online
    Fill in the online account application form.
  2. Over the telephone
    Call 852 2827-7800 to have an account application form sent to you by email or fax. Inform the customer service representative about the type of account you want to open (individual or business).
  3. In person
    Visit our retail store at the following address to fill in the appropriate account application form:
    Kitco (Asia) Limited
    Floor 5L, Centre Mark II
    305-313 Queen’s Road Central
    Hong Kong
    (See map)

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?"

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How do I activate my Kitco account?

Individual 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
  • Business registration certificate
  • A proof of address (such as a utility bill) bearing the name of the business and its address (the billing address) that is no more than three months old
  • Business registration certificate
  • Partnership agreement
  • Business registration certificate
  • Most recently filed annual return, if any
  • Particulars of directors or Form 2A
  • Memorandum and articles of association
  • Board resolution
  • Certificate of incorporation
Other legal entity
(unincorporated association, community group, non-profit organization, registered charity, place of worship, etc.)
  • Business registration certificate (except in the case of exempt non-profit organizations)
  • Registration/charter documents
  • Board resolution
  • Current bylaws

Once you have gathered the relevant documents, send them to us by one of the following methods:

Fax : 852 2827-7899
Email : hkinfo@kitco.com
Mail : Kitco (Asia) Limited
Floor 5L, Centre Mark II
305-313 Queen’s Road Central
Hong Kong
In person : Visit our retail store (see map)

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Why is prefunding a Kitco account recommended?

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

How can I add funds to my account?

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

HKcheque_ENG.jpg

Back of cheque

Send your cheque to:

Kitco (Asia) Limited
Floor 5L, Centre Mark II
305-313 Queen’s Road Central
Hong Kong

Bank wire instructions

Send your payment to:

Bank of China (Hong Kong)

USD payments HKD payments
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
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
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
NOTE: Please send us a proof of payment via email or fax after your bankwire is submitted.
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