hsbc brokerage account fees

The exercise of an option results either in a cash settlement or in the purchaser acquiring or delivering the underlying interest. H�lU[�;��Udm�ďd|��q0���9H����)��=�|M9�S. Current Fee . HSBC is best known in Europe, the Asia Pacific, and of course, here in North America. Other brokers take the fee as a separate payment from a designated bank account. Market conditions may make it impossible to execute such orders. ��W-�ڑ�k�ْ�#9If��`� -�+)��P�����o�`ґe��ƫԞ��j�;>�$)_[Il5jx �!,3+�c�ؐi�l����@$;b��)v� jt��. Transaction fees apply to HSBC Advance MasterCard. V������8&��U�6��߈��7M\�'i���cqYpS�J����O�//n������y�z@M� Account not operated for more than 2 years. [��`���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. endstream endobj 402 0 obj <>stream In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. Personal Banking. We’ll charge you a fixed fee for each trade – online trading in UK shares is £10.50, or as low as £7.95 for frequent traders. You may be called upon at short notice to make additional margin deposits or interest payments. This brochure outlines the commissions and fees for your HSBC Securities account. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. Services. HSBC's $10.99 commission is also higher than what many other discount firms charge today. HSBC Bank PLC will act as your broker. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong. Current Fee. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. 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. We use cookies to give you the best possible experience on our website. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. 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. Losses may be incurred as well as profits made as a result of buying and selling stocks. HCBC InvestDirect Canada is one of the country’s well-known online discount brokerages. 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. endstream endobj $100 Bonus for new HSBC customers. 10. 9.2 Options (i) Variable degree of risk Transactions in options carry a high degree of risk. 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. 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. 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. Such markets may be subject to regulation which may offer different or diminished investor protection. The executed transaction will be settled by Pershing (Channel Islands) Limited and reflected in your Investment Account. Yet if you’ve too much sitting in your savings account, you could be missing out on the chance to earn more. Full details of the terms and conditions of the above services are available on request. 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. You should therefore carefully consider whether such a financing arrangement is suitable in light of your own financial position and investment objectives. 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. 6. Box Size. �8�I��q��83e�q�ld��/�����z-��Lf�,�z��qV�_.�Ĺ ��x]W��7*� There are also no fees for moving money between your accounts using Global Transfers, and there are no annual account fees. 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. 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. Please visit your local country or region's HSBC website for more information. 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 Risk of Margin Trading The risk of loss in financing a transaction by deposit of collateral is significant. 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. on your un-invested cash. 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.. We're here to help. 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). 2478 Susan Jamieson February 20, 2020, 3:01 pm If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. "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. 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. HSBC Broking Services (Asia) Limited Service Minimum Charge A Trade-related services • Brokerage commission*1 HKD / RMB100 HKD100 • Stamp duty (Charge levied by the HKSAR Government) (Please refer to HKEX for the applicable products) – • SFC transaction levy (Charge levied by SFC) – • HKEX trading fee (Charge levied by HKEX) – The firm with which you deal may be acting as your counterparty to the transaction. The HSBC Top Trader Club is a pricing and loyalty programme that offers the opportunity to benefit from volume-based brokerage fees while earning up to 5% p.a. All charges are available upon request and are subject to revision without notice. 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. New Fee. 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. View fee information documents, terms and conditions, and other useful information about your HSBC Current Account or Currency Accounts. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. 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. HSBC Online Securities Trading Brokerage Fee Promotion (“Promotion”) Promotional Terms and Conditions 1. 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. 11. Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. 399 0 obj <>stream Risks of Client Assets Received or held outside Hong Kong. Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Bonus interest on savings Current Fee. 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. These charges will affect your net profit (if any) or increase your loss. Account / Service: Returned items due to Non-Sufficient Funds (NSF) or reached credit limit. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. %PDF-1.5 %���� The Customer is fully responsible for such fees, charges, levies, tax and interest. 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 When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. Your HSBC Expat account(s) will be governed by the terms of business of HSBC Bank plc, Jersey Branch. M1 Finance customers pay $0. 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). You will remain liable for any resulting deficit in your account. 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). Free. 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. 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. Please make an enquiry with the Bank for details. Safety deposit box 1 annual fees HSBC Premier. If the required funds are not provided within the prescribed time, your position may be liquidated. Standing Instructions set-up for transfers between HSBC accounts in India. 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 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. You are not required by any law to sign these authorities. 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 circumstances, you may sustain losses in excess of your initial margin funds. (ii) Risk-reducing orders or strategies The placing of certain orders (e.g. Today, it’s a multinational conglomerate and the 7th largest bank in the world. Questions about how the coronavirus is affecting your finances or our services? By accepting a carefully-considered amount of risk, you can provide your money with better potential for growth. If you are a professional investor, these restrictions do not apply. Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. Such limits may vary: you should ask the firm with which you deal for details in this respect. The maximum daily amount you can transfer is $200,000 to your own HSBC account and $15,000 to another HSBC account. Please take a moment to review our Commission and Fee Schedule. You may be called upon at short notice to deposit additional margin funds. 10.9 Off-exchange transactions In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. Off-exchange transactions may be less regulated or subject to a separate regulatory regime. Additional Risk Disclosure for Futures and Options Trading This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. x��� � ���k��$�iB$�GWNb+H�h[8�"vpphbS��%Of����+�5?�lpzê����.��:���w�/x���t$>��$�1����a,�(�q���� If the option is not covered, the risk of loss can be unlimited. New Fee: $17.00 per transfer. illiquidity) and/or the operation of the rules of certain markets (e.g. 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. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. 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. Services. Service Charges & Fees. The price of a security may move up or down, and may become valueless. Risk of Trading Growth Enterprise Market Stocks. It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services. 10.8 Electronic trading Trading on an electronic trading system may differ from trading on other electronic trading systems. GEM stocks may be very volatile and illiquid. 3. @�������&^��:Qg�%8(��3D��>�j)Ն�3�~д�m+�}\� ��4L Additionally, your authority may be deemed to be renewed (i.e. The Hongkong and Shanghai Banking Corporation Limited  2002-2021. Debit and credit cards 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. 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