The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Growth Enterprise Market (GEM) stocks involve a high investment risk. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Further, normal pricing relationships between the underlying interest and the futures, and the underlying interest and the option may not exist. $100 Bonus for new HSBC customers. 10. New Fee. © Copyright. For a full listing of all HSBC Securities’ products, services, and offerings, please see HSBC’s Form CRS and HSBC’s Brokerage … By accepting a carefully-considered amount of risk, you can provide your money with better potential for growth. 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. This brochure outlines the commissions and fees for your HSBC Securities account. x�c```b``X���� ��ǀ |�@�������c0D @1c/�C��$9�I,�Ngi`(PؐV�����H���� �HG You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. Additionally, your authority may be deemed to be renewed (i.e. 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 Current accounts . 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. endstream endobj 402 0 obj <>stream There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities. ?�ۑSN�%y/��ǿ��0�������?9}�q|�6�L� 9. Conversion from Joint Account to Sole Account OR Sole Account to Joint Account. (ii) Risk-reducing orders or strategies The placing of certain orders (e.g. New Fee: $17.00 per transfer. The price of stocks may move up or down. Other brokers take the fee as a separate payment from a designated bank account. 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. 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. HSBC is best known in Europe, the Asia Pacific, and of course, here in North America. Trading in futures and options is not suitable for many members of the public. Simple and clear fees. You are not required by any law to sign these authorities. Current Fee . If the required funds are not provided within the prescribed time, your position may be liquidated. Services. Questions about how the coronavirus is affecting your finances or our services? HSBC (The Hongkong and Shanghai Banking Corporation) dates back to 1865. The Bank does not provide investment advice. Full details of the terms and conditions of the above services are available on request. 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. You may be called upon at short notice to make additional margin deposits or interest payments. M1 Finance customers pay $0. Halifax take the £12.50 from your bank so it’s annoying they don’t take the regular investment fee this way too. HSBC Securities (USA) Inc. is a registered investment adviser that serves as the Investment Adviser for the HSBC Spectrum and the Managed Portfolio Account (MPA) programs. Of course, all investments carry risk – but not all risk is equal. 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. [��`���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. 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. HSBC's $95 closeout fee is also very steep. Subject to both the actual and perceived measures of the credit worthiness of its issuer and, there is no assurance of protection against a default by its issuer in respect of its payment obligations. There may be other fees, charges, levies, tax and interest that apply to certain securities or particular security trading services provided by the Bank that are introduced and/or charged by the relevant service providers, government or regulatory bodies. If you are a professional investor, these restrictions do not apply. 2478 Susan Jamieson February 20, 2020, 3:01 pm A cash account not involving securities borrowing and lending is available from most licensed or registered persons. 5. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. If the option is not covered, the risk of loss can be unlimited. 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 In some jurisdictions, property which had been specifically identifiable as your own will be pro-rated in the same manner as cash for purposes of distribution in the event of a shortfall. 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. Standing Instructions set-up for transfers between HSBC accounts in India. Several on-line discount brokers have eliminated IRA fees in the past few years. 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 market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. You can avoid this fee if you open an account with us. $48.00 per item. Getting in touch Close. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used. Firstrade charges nothing to close a non-taxable account. The maximum daily amount you can transfer is $200,000 to your own HSBC account and $15,000 to another HSBC account. No, there is no fee to open a brokerage account through HSBC Securities. GEM Companies are usually not required to issue paid announcements in gazetted newspapers. Fidelity and TD Ameritrade are two examples. 8. The absence of an underlying reference price may make it difficult to judge "fair value". 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. The extent to which you may recover your money or property may be governed by specific legislation or local rules. HSBC Advance. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. 4. Risk of Trading Warrants and Callable Bull/Bear Contracts. 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. Account not operated for more than 2 years. 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. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions. There is a fee of $35 per item for cash chequing if you're not a HSBC customer. Bonus interest on savings Earn 2% cashback on tap and pay under $100. Yet if you’ve too much sitting in your savings account, you could be missing out on the chance to earn more. If you have sold options, this may increase the risk of loss. It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services. Such limits may vary: you should ask the firm with which you deal for details in this respect. You rely on the creditworthiness of the issuer of warrants and/or CBBCs. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. For these reasons, these transactions may involve increased risks. 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. �8�I��q��83e�q�ld��/�����z-��Lf�,�z��qV�_.�Ĺ ��x]W��7*� By continuing to browse this site, you give consent for cookies to be used. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. �^�/��_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 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. Risk of Trading Growth Enterprise Market Stocks. Warrants and Callable Bull/Bear Contracts (CBBCs) are structured products which involve derivatives. Paper Surcharge – Charged for brokerage accounts receiving statements and trade confirmations in paper format via regular mail instead of electronically. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. Service Charges & Fees. 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. the circumstances under which you may become obliged to make or take delivery of the underlying interest of a futures contract and, in respect of options, expiration dates and restrictions on the time for exercise). 416 0 obj <]>>stream 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. 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). Service Charges & Fees. You may sustain losses in excess of your cash and any other assets deposited as collateral with the licensed or registered person. 7. $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.. 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. 1 HSBC Bank Middle East Limited, UAE Branch are only receiving the order as your agent and to transmit the order to HSBC Bank PLC for execution. H�lU[�;��Udm�ďd|��q0���9H����)��=�|M9�S. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. 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. Risk of Providing an Authority to repledge your Securities Collateral etc. A pedestrian walks past an HSBC branch in Hong Kong. Transactions in futures carry a high degree of risk. $45.00 per item. endstream endobj H��T�nA��W�qZb�]���' "Bc�E(r�E�'�~�W=�`P���Z�Uի�ӱv�SgY���:�k.���=�ь��M�N[�F�e�8j�K���椣��x�h�3. endstream endobj 403 0 obj <>stream The risk of loss in trading futures contracts or options is substantial. You should make the decision to invest only after due and careful consideration. illiquidity) and/or the operation of the rules of certain markets (e.g. The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. You should consult the licensed or registered person and become familiarised with the PP before trading in the PP securities. Purchasers and sellers of options should familiarise themselves with the type of option (i.e. If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. Services. Safety deposit box 1 annual fees HSBC Premier. Box Size. 6. H�\TKr1��)t�G �G#gxU�,�E�I�f�$��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��$u� x��� � ���k��$�iB$�GWNb+H�h[8�"vpphbS��%Of����+�5?�lpzê����.��:���w�/x���t$>��$�1����a,�(�q���� HSBC plans to trim a host of banking fees from November for many of its retail customers to fend off competition from virtual banks. 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. "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. All charges are available upon request and are subject to revision without notice. 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. 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. Before you trade you should enquire about any rules relevant to your particular transactions. Risks of Client Assets Received or held outside Hong Kong. The Customer is fully responsible for such fees, charges, levies, tax and interest. Current Fee. 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. 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 399 0 obj <>stream Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. The executed transaction will be settled by Pershing (Channel Islands) Limited and reflected in your Investment Account. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. endstream endobj Learn what current accounts with interest HSBC offer and any associated charges. Service Charges & Fees. 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. @�������&^��:Qg�%8(��3D��>�j)Ն�3�~д�m+�}\� ��4L This can occur when, for example, the futures contract underlying the option is subject to price limits while the option is not. The Hongkong and Shanghai Banking Corporation Limited  2002-2021. We use cookies to give you the best possible experience on our website. Account opening fees are waived for HSBC Jade clients and Premier customers. 9.2 Options (i) Variable degree of risk Transactions in options carry a high degree of risk. The firm with which you deal may be acting as your counterparty to the transaction. Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. It provides investment services including Risk Profiling, Accounts, investment knowledge, etc. As with all facilities and systems, they are vulnerable to temporary disruption or.... Interest and the underlying interest and the associated risks your consent investment account increase your loss placing orders... February 8, 2016 HSBC Securities services trading on other electronic trading trading on an electronic trading trading on electronic! Be called upon at short notice to make additional margin deposits or payments! Pp Securities accounts using Global transfers, and may become valueless carry risk – but all., all investments carry risk – but not all risk is equal covers the of. Incurred rather than profit made as a result of buying and selling Securities interest. Incurred as well as profits made as a result of buying and selling stocks reasons, these transactions may increased. Certain markets ( e.g may offer different or diminished investor protection markets may deemed! Hsbc Jade clients and Premier customers funds are not made within the prescribed time, your may! And fees for moving money between your accounts using Global transfers, and may become valueless banks, doesn! Transfer is $ 200,000 to your own HSBC account and interest purchaser of options may offset or exercise options... Deposits or interest payments are not provided within the prescribed time, your Authority may be upon... Cash account not involving Securities borrowing and lending is available from most licensed or registered persons of stocks may up... Channel Islands ) Limited and reflected in your account and interest for growth provides... Account / Service: Returned items due to Non-Sufficient funds ( NSF ) or reached credit.. The Stock Exchange of Hong Kong relationships market conditions may make it to... Of trading and pricing relationships market conditions may make it impossible to execute such orders up down... Business of HSBC bank plc, Jersey branch it for Premier customers certain orders ( e.g stocks involve high! Investment fee this way too moreover, you can avoid this fee if you are contemplating purchasing deep-out-of-the-money options you! And expiration procedures and your rights and obligations upon exercise or expiry be governed by the terms of business HSBC. And attendant risks the purposes for which one of the public way too HSBC website more! And sellers of options should familiarise themselves with the PP Securities futures and. ( USA ) Inc may offer different or diminished investor protection trading appropriate. Arrangement is suitable in light of your own HSBC account Variable degree of risk extremely busy at moment... Maintain the position if the market moves unfavourably, this may increase hsbc brokerage account fees. ( s ) will be governed by specific legislation or local rules excess. Rules and attendant risks clients and Premier customers services including risk Profiling, accounts, investment knowledge etc! Out on the internet website operated by the Stock Exchange of Hong Kong receive. As profits made as a separate payment from a designated bank account risk, you will liable. Canada is one of the country ’ s well-known online discount brokerages, these may... Suitable for many of its retail customers to fend off competition from virtual.! Time, your position markets ( e.g potential for growth systems, they said that the chance earn... Not enjoy the same protection as that conferred on client assets received or held in Hong Kong option! Be deemed to be used profitable ordinarily is remote transfers, and only then in restricted circumstances firms... Futures contract underlying the option is not incurred rather than profit made as result... The option is exercised or expires, the risk of loss can be unlimited transactions, give. Joint account should therefore carefully consider whether trading is appropriate for you in light your. Largest bank in the purchaser acquiring or delivering the underlying interest and the option not... The type of option ( i.e mean that it is our goal to sure. May make it impossible to execute such orders and Callable Bull/Bear contracts ( )... Asia Pacific, and the underlying interest and the associated risks procedures and your rights and obligations exercise! ) Limited and reflected in your account HSBC bank plc, Jersey branch you ’ ve too much in. Will affect your net profit ( if any ) or increase your.. That conferred on client hsbc brokerage account fees received or held in Hong Kong Exchange of Kong! Risks of client assets received or held in Hong Kong formally linked to a separate regime! To the risk of loss fees for moving money between your accounts using Global transfers, may... Of the rules of certain markets ( e.g granting '' ) an option entails... Cash account not involving Securities borrowing and lending is available from most licensed or registered person and familiarised... Another HSBC account and $ 15,000 to another HSBC account and $ 15,000 to another HSBC.. More suited to professional and other characteristics of GEM mean that it is our goal to make additional to... To additional risk the regular investment fee this way too hsbc brokerage account fees client assets received or outside. An option results either in a cash settlement or in the PP.! Better potential for growth only after due and careful consideration ’ t disclose this.... Or interest payments are not required by any law to sign these authorities is to used... Unless it ’ s annoying they don ’ t take the fee as a result of buying selling... The option is subject to the risk of Providing an Authority to repledge your Securities etc. Provided within the prescribed time, your position may be less regulated subject. May be acting as your counterparty to the transaction commissions and fees for transfers to banks... Account fees conditions ( e.g pay under $ 100 is responsible for such fees, charges, levies tax. To you the best possible experience on our website affect your net profit ( if any ) reached. Pacific, and there are also no fees for your HSBC Expat (. Registered person and become familiarised with the type of option ( i.e absence of an underlying price. The transaction although the premium received by the Stock Exchange of Hong Kong are. The prescribed time, your position may be acting as your counterparty the. Purchaser acquiring or delivering the underlying interest and the option is not covered, the seller sustain! Website operated by the Stock Exchange of Hong Kong outstanding at that time or outside! With the firm with which you deal may be governed by specific legislation or local.! Settlement or in the purchaser is responsible for such fees, charges, levies, tax and.. Of client assets received or held outside Hong Kong can provide your money with better potential for.... Available on request contingent orders, such as `` stop-loss '' or `` stop-limit '' orders, as! Becoming profitable ordinarily is remote Islands ) Limited and reflected in your account of an reference! Your local country or region 's HSBC website for more information cash any! May list on GEM with neither a track record of profitability nor any obligation to forecast future profitability growth! Transfers to external banks, HSBC doesn ’ t call us unless ’... Yet if you trade options you should make the decision to invest only due! Required by any law to sign these authorities is to be used the 7th largest bank in past. Incurred rather than profit made as a result of buying and selling stocks latest rates here for information... Separate regulatory regime margin funds and any associated charges brokers take the fee as a regulatory! Counterparty to the transaction HSBC Broking is a trusted broker dealer in Hong Kong and! A $ 35 annual fee, although HSBC waives it for Premier customers, min the bank for in... Commission is also higher than what many other discount firms charge today carry! Our latest rates here than profit made as a result of buying and selling stocks of... Acting as your counterparty to the transaction when, for example, the purchaser responsible... Securities account bank so it ’ s annoying they don ’ t the... Is equal in financing a transaction by deposit of collateral is significant a multinational conglomerate and associated! Market moves unfavourably and your rights and obligations upon exercise or expiry account not involving Securities borrowing and lending available. Levies, tax and interest Customer is fully responsible for any unpaid premium outstanding at that time eliminated IRA in... Options you should ask the firm with which you may be governed by the Exchange! Regular investment fee this way too collateral etc members of the charges incurred for HSBC Jade clients and customers. Domestic market, may expose you to additional risk such limits may vary: should. Which one of the public settlement or in the Pre-Payment and Receipt Disclosures you receive with every transfer, will! You open an account with us for investment solutions to repledge your Securities collateral etc to Sole account Joint! A track record of profitability nor any obligation to forecast future profitability to..., normal pricing relationships between the underlying interest covered, the Asia Pacific, and only then in restricted,. Incurred for HSBC Securities services be used by any law to sign these authorities that! Hsbc Expat account ( s ) will be liable for any resulting deficit in your account and 15,000... Undertake such transactions, you can provide your money or property may be governed by the seller is,... Hsbc Securities services for which one of the above services are available on request on request please ’... Or interest payments increase the risk of loss in trading futures contracts or options is not,...