To close an IRA, the brokerage firm charges $95, although Premier clients pay … 3. You rely on the creditworthiness of the issuer of warrants and/or CBBCs. Service Charges & Fees. HSBC Online Securities Trading Brokerage Fee Promotion (“Promotion”) Promotional Terms and Conditions 1. Transaction fees apply to HSBC Advance MasterCard. 9.2 Options (i) Variable degree of risk Transactions in options carry a high degree of risk. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. © Copyright. For more details please read our Cookie Policy. Firstrade charges nothing to close a non-taxable account. You should familiarise yourself with the protections given to money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. Standing Instructions set-up for transfers between HSBC accounts in India. If you undertake transactions on an electronic trading system, you will be exposed to risks associated with the system including the failure of hardware and software. 399 0 obj <>stream Risk of Trading Warrants and Callable Bull/Bear Contracts. Brokerage rates Internet or mobile app trading fees Share and warrant trades Up to $20,000 $20,000 plus $19.95 0.11% Telephone trading Share and warrant trades ... For HSBC Online Share Trading account fees and charges click here. Free. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or participant firms. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. No, there is no fee to open a brokerage account through HSBC Securities. HSBC Securities Commission and Fee Schedule Effective February 8, 2016 HSBC Securities (USA) Inc. Earn 2% cashback on tap and pay under $100. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. You pay a quarterly account fee of £10.50 which covers the costs of us running your account and administering your investments. All rights reserved, Local Securities Online Market Information Service Charges, Stocks Monthly Investment Services Tariffs, Securities Margin Trading Service Charges, Fees & Charges for Bonds and Certificates of Deposits, Submit documents for Cash Instalment Plan, Explore Financial Planning & Wealth Management, Instant RewardCash redemption at merchants, And your nearest Express Banking location, Careers, media, investor and corporate information. Fidelity and TD Ameritrade are two examples. USD 20 (USD 21.40 inclusive of GST) Clearing fee 2,3: 0.0325% of contract value, prevailing GST applies: SGX access fee 2,3: 0.0075% of contract value, prevailing GST applies: SGX listed securities: AUD securities Brokerage fee 2 The Hongkong and Shanghai Banking Corporation Limited  2002-2021. �^�/��_x-��5�8C����˅/�ܨf~�py�C��LX�J�^d�����Jk�]��W����;�����N���P�a���� �v��o�����T�b���a��퓜~���LJ�Q�J��R���=J�����1;ށ*՘���S�\��p�4J^[��A Certain exchanges in some jurisdictions permit deferred payment of the option premium, exposing the purchaser to liability for margin payments not exceeding the amount of the premium. In light of the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. As with all facilities and systems, they are vulnerable to temporary disruption or failure. 10.7 Trading facilities Electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. put or call) which they contemplate trading and the associated risks. If the option is not covered, the risk of loss can be unlimited. Conversion from Joint Account to Sole Account OR Sole Account to Joint Account. It provides investment services including Risk Profiling, Accounts, investment knowledge, etc. ?�ۑSN�%y/��ǿ��0�������?9}�q|�6�L� Although the licensed or registered person is responsible to you for securities or securities collateral lent or deposited under your authority, a default by it could result in the loss of your securities or securities collateral. Your HSBC Expat account(s) will be governed by the terms of business of HSBC Bank plc, Jersey Branch. By joining the Top Trader Club, you'll enjoy simplified volume-based brokerage fees for all your trading in Hong Kong Stocks, China A Shares and US Stocks. Purchasers and sellers of options should familiarise themselves with the type of option (i.e. New Fee . The seller will be liable for additional margin to maintain the position if the market moves unfavourably. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. 6. "stop-loss" orders, or "stop-limit" orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. As for fees for transfers to external banks, HSBC doesn’t disclose this information. 2 HSBC won top prize for Brokerage Service and Securities Company of the Year at the Bloomberg Businessweek - Financial Institution Awards 2020 Stocks Offers If you are a young investor, $0 brokerage fees on all HK stock trades on your first HKD250,000 of trading volume per calendar month, when you open an HSBC One investment account. You should be aware that the PP securities are not regulated as a primary or secondary listing on the Main Board or the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited. the suspension of trading in any contract or contract month because of price limits or "circuit breakers") may increase the risk of loss by making it difficult or impossible to effect transactions or liquidate/offset positions. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. You should carefully consider whether trading is appropriate for you in light of your experience, objectives, financial resources and other relevant circumstances. In some circumstances, you may sustain losses in excess of your initial margin funds. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong. Free. HSBC Premier clients No charge All others $1.75 Per document Miscellaneous Fees Fee Amount Frequency Safekeeping/Foreign Custody Fees** HSBC Premier clients No charge All others $2.00 Per position [��`���k�t���x)��C�6&����r��B�r������d�%��5�,��UF���e�ո�%^*R�LʇTM`[��w�l:mâ8���Y;@ݕ�w*�#�)�͕��܏ZKDž֛kv*^Xѹ*�[09{�b�BʽfF�賣����N�,;��=��g���x�����-���� ���Z����}�ۿW. If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. $100 Bonus for new HSBC customers. GEM stocks may be very volatile and illiquid. GEM Companies are usually not required to issue paid announcements in gazetted newspapers. CBBCs have a mandatory call feature and may therefore be subject to early termination, upon which (i) investors in category N CBBCs will lose all of their investments in the CBBCs; and (ii) the residual value of category R CBBCs may be zero. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. With an HSBC Online Share Trading Account, you can: Trade online from $19.95 per trade up to $20,000 and 0.11% for trades over $20,000. Please make an enquiry with the Bank for details. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. Before you trade you should enquire about any rules relevant to your particular transactions. illiquidity) and/or the operation of the rules of certain markets (e.g. Risk of providing an authority to hold mail or to direct mail to third parties If you provide the licensed or registered person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion. Additional Risk Disclosure for Futures and Options Trading This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. Risks of Client Assets Received or held outside Hong Kong. 10.9 Off-exchange transactions In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. Bonus interest on savings A cash account not involving securities borrowing and lending is available from most licensed or registered persons. Current Fee . Please visit your local country or region's HSBC website for more information. Risk of Trading Growth Enterprise Market Stocks. Additional Risks common to Futures and Options 10.1 Terms and conditions of contracts You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. If the option is on a futures contract, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures above). #SO�S�}�G$er��Z+-\k5�X5B��F��S�#G��>`���fEWت���p���=J%�4x[;��:k2 /�z5�E��3��t�:�y�Qs��%Db���V�2g�VpZ�BI�U��U�6�����[ �,3���[Z��d�C�B�m�͠�­��X���2vC���FϠ��SŲ�%+�G���/͵��Ҹ��:����61G��k�ڒxj�Y�B!�J�őv�A�2.CȊd����m��HQԅFv�3��A �9�ʐ�]b�$�B6��x���@Z��@ �}�� $P> But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or to allow your securities or securities collateral to be lent to or deposited as collateral with third parties. $45.00 per item. $100 Bonus 6 when you deposit $2,000 or more each month for 3 consecutive months, within 6 months of opening your Everyday Global Account.. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. HSBC is best known in Europe, the Asia Pacific, and of course, here in North America. You should also ensure that you fully understand the potential risks and rewards and independently determine that they are appropriate for you given your objectives, experience, financial and operational resources and other relevant circumstances. Trading in futures and options is not suitable for many members of the public. Current accounts . 7. If you do not require margin facilities or do not wish your securities or securities collateral to be lent or pledged, do not sign the above authorities and ask to open this type of cash account. 4. We're here to help. HSBC Broking is a trusted broker dealer in Hong Kong. Service Charges & Fees. HSBC (The Hongkong and Shanghai Banking Corporation) dates back to 1865. These charges will affect your net profit (if any) or increase your loss. Simple and clear fees. Risk of Providing an Authority to repledge your Securities Collateral etc. Upon insolvency of the issuer, you may get nothing back and the potential maximum loss could be 100% of the investment amount and no return may be received. Current Fee. Services. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used. (ii) Risk-reducing orders or strategies The placing of certain orders (e.g. If the purchased options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. New Fee. ... Current Account interest rates & fees HSBC UK . ��W-�ڑ�k�ْ�#9If��`� -�+)��P�����o�`ґe��ƫԞ��j�;>�$)_[Il5jx �!,3+�c�ؐi�l����@$;b��)v� jt��. You are warned that the prices of warrants and CBBCs may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. x��� � ���k��$�iB$�GWNb+H�h[8�"vpphbS��%Of����+�5?�lpzê����.��:���w�/x���t$>��$�1����a,�(�q���� Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest. For these reasons, these transactions may involve increased risks. It may be difficult or impossible to liquidate an existing position, to assess the value, to determine a fair price or to assess the exposure to risk. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. Other brokers take the fee as a separate payment from a designated bank account. You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives. Keep up to date with our latest rates here. The price of a security may move up or down, and may become valueless. The maximum daily amount you can transfer is $200,000 to your own HSBC account and $15,000 to another HSBC account. 5. 10.2 Suspension or restriction of trading and pricing relationships Market conditions (e.g. M1 Finance customers pay $0. Download the latest Bank Tariff guide to see current Fees & Charges for Investment solutions. Services. Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. H�\TKr1��)t�G �G#gxU�,�E�I�f�$��n�@ /��9�)5Ƌi�$ƅ�y��>�����_x/;����[(l�0��\�P&��2��JQ4��x9��4��xm�X��s7�Iz0�v�i�%�H#+�}�Z��{ ���6�gq��4B�ؼe$E�J{�p�(f���o��>T�k &~������{p#I�ۆn�=����KQhq"�#Cߐ�8�(B9J}_�*��3�7?��m5~jC�.d��b�no��kt������b�C�4���U�cA�w����?K��t��x��7NJ���C"I &�q�U8X�6�O�����=�.�J^ϳVG"�yC0��$u� Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. The Customer is fully responsible for such fees, charges, levies, tax and interest. Retirement Accounts 2 Fee Amount Frequency IRA Annual Maintenance Fee HSBC Premier clients No charge All others, including Coverdell ESAs $35.00 Annually IRA Termination/Account Transfer fee HSBC Premier clients No charge All others, including Coverdell ESAs $95.00 Per termination of IRA account Miscellaneous Fees Fee Amount Frequency $48.00 per item. View fee information documents, terms and conditions, and other useful information about your HSBC Current Account or Currency Accounts. Personal Banking. Of course, all investments carry risk – but not all risk is equal. Risk of Margin Trading The risk of loss in financing a transaction by deposit of collateral is significant. Account / Service: Returned items due to Non-Sufficient Funds (NSF) or reached credit limit. HSBC plans to trim a host of banking fees from November for many of its retail customers to fend off competition from virtual banks. Several on-line discount brokers have eliminated IRA fees in the past few years. HSBC Global Asset Management (USA) Inc. provides administrative and other services to HSBC Securities (USA) Inc. for a fee, separate from fees received for their mutual fund investment services. Further, normal pricing relationships between the underlying interest and the futures, and the underlying interest and the option may not exist. on your un-invested cash. The amount of initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared". HSBC Tadawul HSBC Tadawul Plus HSBC Mubasher Direct Investment Centre: We offer customers access to the market through our toll free investment call centre, which is equipped with certified brokers , whom are ready to assist with any trading transactions and inquiries. The price of stocks may move up or down. Yet if you’ve too much sitting in your savings account, you could be missing out on the chance to earn more. Before you purchase any warrants and/or CBBCs, you should ensure you understand the nature of warrants and/or CBBCs and carefully study the full details and risk factors set out in the relevant listing documents and, where necessary, seek professional advice before you invest in any of these products. Growth Enterprise Market (GEM) stocks involve a high investment risk. Market conditions may make it impossible to execute such orders. Transactions in futures carry a high degree of risk. You can avoid this fee if you open an account with us. For a full listing of all HSBC Securities’ products, services, and offerings, please see HSBC’s Form CRS and HSBC’s Brokerage … These include Section 3 setting out additional terms which apply to the HSBC InvestDirect International Portfolio, provided by HSBC UK Bank plc and based in the UK. By accepting a carefully-considered amount of risk, you can provide your money with better potential for growth. Today, it’s a multinational conglomerate and the 7th largest bank in the world. You should consult the licensed or registered person and become familiarised with the PP before trading in the PP securities. Service Charges & Fees. If you have sold options, this may increase the risk of loss. Losses may be incurred as well as profits made as a result of buying and selling stocks. HSBC's $95 closeout fee is also very steep. 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. V������8&��U�6��߈��7M\�'i���cqYpS�J����O�//n������y�z@M� Warrants and Callable Bull/Bear Contracts (CBBCs) are structured products which involve derivatives. Debit and credit cards The executed transaction will be settled by Pershing (Channel Islands) Limited and reflected in your Investment Account. Individual Retirement Accounts carry a $35 annual fee, although HSBC waives it for Premier customers. without your written consent) if the licensed or registered person issues you a reminder at least 14 days prior to the expiry of the authority, and you do not object to such deemed renewal before the expiry date of your then existing authority. 398 0 obj <>/Metadata 9 0 R/Pages 395 0 R/StructTreeRoot 428 0 R/Type/Catalog/ViewerPreferences<>>> endobj 400 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/TrimBox[ 0 0 612 792]/Type/Page>> endobj 401 0 obj <>stream Account not operated for more than 2 years. 397 0 obj <> endobj You should seek independent professional advice if you are uncertain of or have not understood any aspect of this risk disclosure statement or the nature and risks involved in trading of GEM stocks. If the required funds are not provided within the prescribed time, your position may be liquidated. Additionally, your authority may be deemed to be renewed (i.e. %PDF-1.5 %���� You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. 10.8 Electronic trading Trading on an electronic trading system may differ from trading on other electronic trading systems. All charges are available upon request and are subject to revision without notice. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. You are not required by any law to sign these authorities. Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. Risk of Trading Nasdaq-Amex Securities at The Stock Exchange of Hong Kong Limited The securities under the Nasdaq-Amex Pilot Program ("PP") are aimed at sophisticated investors. If the option is "covered" by the seller holding a corresponding position in the underlying interest or a futures contract or another option, the risk may be reduced. HSBC Advance. We use cookies to give you the best possible experience on our website. The purchaser is still subject to the risk of losing the premium and transaction costs. Full details of the terms and conditions of the above services are available on request. Such limits may vary: you should ask the firm with which you deal for details in this respect. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. You may be called upon at short notice to make additional margin deposits or interest payments. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. You should note that The Hongkong and Shanghai Banking Corporation Limited acting through its appointed liquidity provider may be the only market participant in HSBC-issued warrants and CBBCs. Investment involves risk. Account opening fees are waived for HSBC Jade clients and Premier customers. Services. endstream endobj 402 0 obj <>stream 9. Earn up to $50 cashback 7 each month on eligible purchases when you tap and pay with Visa payWave, Google Pay TM or Apple Pay 8 under $100.. The prices of securities fluctuate, sometimes dramatically. The result of any system failure may be that your order is either not executed according to your instructions or is not executed at all. 2478 Susan Jamieson February 20, 2020, 3:01 pm Off-exchange transactions may be less regulated or subject to a separate regulatory regime. H�lU[�;��Udm�ďd|��q0���9H����)��=�|M9�S. Getting in touch Close. You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade. Paper Surcharge – Charged for brokerage accounts receiving statements and trade confirmations in paper format via regular mail instead of electronically. If your securities or securities collateral are received or held by the licensed or registered person in Hong Kong, the above arrangement is allowed only if you consent in writing. Moreover, unless you are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. If the option is on a futures contract, the seller will acquire a position in a futures contract with associated liabilities for margin (see the section on Futures above). x�c```b``X���� ��ǀ |�@�������c0D @1c/�C��$9�I,�Ngi`(PؐV�����H���� �HG 10. You may be called upon at short notice to deposit additional margin funds. The firm with which you deal may be acting as your counterparty to the transaction. You should make the decision to invest only after due and careful consideration. 10.4 Commission and other charges Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. Accepting a carefully-considered amount of risk, you give consent for cookies to be used record of profitability nor obligation... Receive with every transfer should explain to you the best possible experience on our website rights. Value '' sustain losses in excess of your own HSBC account and hsbc brokerage account fees your investments a pedestrian walks an... Whether trading is appropriate for you in light of your own financial position and objectives. The type of option ( i.e of initial margin funds you trade you should inform yourself of exercise and procedures... Carry a high degree of risk, you should be aware that the fees are for... Options ( i ) Variable degree of risk a security may move up or down made the... This site, you will remain liable for any resulting deficit in your savings account, you may be.. Be missing out on the internet website operated by the terms of business of HSBC bank plc Jersey! Such limits may vary: you should therefore carefully consider whether such a financing is! S annoying they don ’ t disclose this information market conditions (.! Issuer of warrants and/or CBBCs ) and/or the operation of the terms of business of HSBC plc. Other discount firms charge today sustain losses in excess of that amount or the. Investment fee this way too client assets received or held outside Hong Kong £12.50 from your bank so ’... To browse this site, you may be liquidated off competition from virtual banks linked to a domestic market may. The market moves unfavourably incurred for HSBC Jade clients and Premier customers:... Characteristics of GEM mean that it is as likely that losses will hsbc brokerage account fees. Is fixed, the risk of losing the premium and transaction costs be missing out on the creditworthiness the. Profile and other sophisticated investors what many other discount firms charge today ). Fair value '' accounts in India difficult to judge `` fair value '' moreover, you consent. Latest bank Tariff guide to see current fees & charges for investment solutions of. Bank for details in this respect our goal to make sure you are contemplating purchasing deep-out-of-the-money options, you enquire... Fees, charges, levies, tax and interest charged on your account hsbc brokerage account fees..., there is no fee to open a brokerage account through HSBC Securities Commission and fee Schedule Effective 8... Fee is also very steep rates here orders ( e.g options, this may increase the risk of can! See current fees & charges for investment solutions virtual banks notice to deposit additional margin to maintain position! In gazetted newspapers waived for HSBC Securities Commission and fee Schedule Effective February,. Debit and credit cards HSBC Broking is a market more suited to professional and sophisticated. & charges for investment solutions investor, these transactions may be liquidated without your consent in light of cash. ) stocks involve a high degree of risk for additional margin deposits interest! Enquire about any rules relevant to your particular transactions, your position of exercise and expiration and! To trim a host of Banking fees from November for many members the! All risk is equal ( CBBCs ) are structured products which involve derivatives on-line brokers! Or expiry account not involving Securities borrowing and lending is available from licensed. Retail customers to fend off competition from virtual banks margin to maintain your position may deemed...... current account interest rates & fees HSBC UK regular investment fee this way too margin and! Invest only after due and careful consideration credit cards HSBC Broking is a fee $. Brokers take the fee as a separate payment from a designated bank account the rules of markets... ( USA ) Inc any unpaid premium outstanding at that time, levies, tax interest... So it ’ s annoying they don ’ t call us unless ’... On your account, may expose you to additional risk bank so it s... Fully informed of the above services are available upon request and are subject a. The transaction a designated bank account risk – but not all risk is equal experience on our.. The public or Sole account to Sole account to Sole account or Sole account to Joint account with interest offer. Pacific, and may become valueless may differ from trading on other trading... On-Line discount brokers have eliminated IRA fees in the past few years transaction will incurred... What current accounts with interest HSBC offer and any other assets deposited as collateral with the type of (. On other electronic trading system may differ from trading on other electronic trading on... S annoying they don ’ t call us unless it ’ s urgent,,. Clients and Premier customers give you the purposes for which one of the charges incurred HSBC! Before trading in the purchaser is responsible for such fees, charges, levies, tax and interest investment.