North American Trading Commissions | HSBC Canada

 

HSBC Premier1
Preferred client pricing

HSBC Advance2
Preferred client pricing

HSBC InvestDirect3
Standard commission rates

HSBC InvestDirect Active Trader Pricing

 
Ways to qualify

Maintain CAD $500,000 in your HSBC InvestDirect account4

AND

Complete 0 to 149 trades per quarter5

Maintain CAD $50,000 - $499,999 in your HSBC InvestDirect account4

AND

Complete 0 to 149 trades per quarter5

Complete 0 to 149 trades per quarter5

Complete 150+ trades per quarter5

 
 

Eligibility for preferred status is effective the 4th calendar day of each month.

Online trading rates        
 
ETFs & Equities

$6.88

$6.88

$6.88

$4.88

 
 

Minimum Equities, ETFs commission $6.88 for HSBC Premier / Advance / Retail clients or $4.88 for Active Trader clients

 
Options

$6.88 + $1.25 per contract

$6.88 + $1.25 per contract

$6.88 + $1.25 per contract

$4.88 + $1.25 per contract

 
 

All Options trades are charged an applicable commission rate on a per order basis.

 
Telephone trading rates        
 
ETFs & Equities

10% off standard rates

5% off standard rates

Stock Price

CDN Equities

US Equities

$0.24 and under

2.5%

3.0%

$0.25 - $1.00

$35.00 + 0.5 ¢/
share

$39.00 + 2 ¢/
share

$1.01 - $2.00

$35.00 + 2 ¢/
share

$39.00 + 3 ¢/
share

$2.01 - $5.00

$35.00 + 3 ¢/
share

$39.00 + 4 ¢/
share

$5.01 - $10.00

$35.00 + 4 ¢/
share

$39.00 + 5 ¢/
share

$10.01 - $20.00

$35.00 + 5 ¢/
share

$39.00 + 6 ¢/
share

$20.01 - $30.00

$35.00 + 6 ¢/
share

$39.00 + 7 ¢/
share

$30.01 and over

$35.00 + 6 ¢/
share

$39.00 + 8 ¢/
share

10% off standard rates

 

Option value

HSBC Premier

HSBC Advance

Standard

HSBC Active Trader

   $0.00 - $1.00

   $35 + $1.00 per contract, less 20%

   $35 + $1.00 per contract, less 10%

   $35 + $1.00 per contract

   $35 + $1.00 per contract, less 20%

   $1.01 - $2.00

   $35 + $1.50 per contract, less 20%

   $35 + $1.50 per contract, less 10%

   $35 + $1.50 per contract

   $35 + $1.50 per contract, less 20%

   $2.01 - $3.00

   $35 + $2.00 per contract, less 20%

   $35 + $2.00 per contract, less 10%

   $35 + $2.00 per contract

   $35 + $2.00 per contract, less 20%

   $3.01 - $4.00

   $35 + $2.50 per contract, less 20%

   $35 + $2.50 per contract, less 10%

   $35 + $2.50 per contract

   $35 + $2.50 per contract, less 20%

   $4.01 - $5.00

   $35 + $3.00 per contract, less 20%

   $35 + $3.00 per contract, less 10%

   $35 + $3.00 per contract

   $35 + $3.00 per contract, less 20%

   $5.01 +

   $35 + $3.50 per contract, less 20%

   $35 + $3.50 per contract, less 10%

   $35 + $3.50 per contract

   $35 + $3.50 per contract, less 20%

 

 

Commission is charged in the currency of the market in which the security trades. Minimum Commission of $43.
Full commission and fee schedules apply for each partial fill, except when transacted within the same business day.
All trade orders are charged an applicable commission rate on a per order basis.

 
Bonds/Fixed Income

Rates shown are for online or telephone trades.

       
 
Exchange Traded Bonds

Standard

Standard

Bond par Value

Commission

$0 - $49,999

$40 + $1.50/1000

$50,000 and over

$40 + $1.00/1000

Subject to a minimum of $110

Standard

 
Over-the-Counter (OTC) Fixed Income Instruments

Commissions (if any) are added to the price of the security for a purchase, or deducted from the price of the security for a sale, and charged in, the currency of the bond.

 
Mutual Funds
       
 

Over 4,000 commission-free mutual fund to choose from*, and mutual fund charges imposed by companies (such as setup fees) are included in the HSBC InvestDirect Mutual Fund price.

Before you invest, refer to the simplified prospectus of each mutual fund

 
● HSBC

Non-registered accounts - $1,000 minimum, and subsequent purchases require a minimum of $500.

Registered accounts - $500 minimum, and subsequent purchases require a minimum of $100.

 
        ● Non-HSBC

Minimum initial purchase for registered or non-registered accounts is $1000 (some fund companies may have a higher minimum).

 
 

*An early redemption fee of 1% of the selling value (minimum $40) applies to all funds sold within 90 days of purchase, with the exception of money market funds.

 

Not an HSBC InvestDirect client?

Already an HSBC InvestDirect client?



1HSBC Premier requires you to have an active HSBC Premier chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $100,000 or hold a personal HSBC Bank Canada residential mortgage with original amount of $500,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the eligibility criteria above. For full details regarding eligibility and any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca.

2 HSBC Advance requires you to have an active HSBC Advance chequing account, and maintain combined personal deposits and investments with HSBC Bank Canada and its subsidiaries of $5,000 or hold personal HSBC Bank Canada residential mortgage with original amount of $150,000 or greater. Some exclusions apply. A monthly fee will be charged if you do not meet at least one of the conditions above. For full details regarding any fees which may apply please refer to the Personal Service Charges/Statement of Disclosure available at any HSBC Bank Canada branch or online at www.hsbc.ca.

3 HSBC InvestDirect is a division of HSBC Securities (Canada) Inc., a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a member of the Canadian Investor Protection Fund.

4 Client eligibility for preferred commissions and rates (“Preferred Client Rates”) is reviewed monthly, using the household asset value on the last day of the month. (E.g. September month end household asset values are used for the October pricing.) All of your HSBC InvestDirect personal and joint accounts are included as a household for qualification purposes. Non-personal accounts are not included for householding purposes. In a month where clients do not qualify for Preferred status, their relevant accounts/household accounts will automatically revert to the applicable pricing tier stipulated in the commission and fee schedule. HSBC InvestDirect Active Trader pricing effective November 6, 2017.

5 Preferred Client Rates apply to qualified and filled online trades only. Qualified trades are defined, for this purpose, as equity, ETF’s and option orders executed on the North American exchanges and markets. Regular commission schedule rates will continue to apply to trades on International markets, telephone trades, option assignments and exercises.

Participation is automatic where quarterly trade counts are met. Clients must re-qualify on a monthly basis for the Preferred Client Rates to stay in effect. Review for qualification is done on a monthly basis, using the eligible trading activity from the previous three calendar months. (E.g. total trades count from July 1 to September 30, with the Preferred Client Rate structure going into effect October 4). Eligible trades, for the quarterly trade count include commissionable filled online and telephone orders for the following products: North American and International Equity, ETF, Options, Option assignments and Option exercises. Mutual funds, GIC’s Fixed income (non exchange traded), New Issues and FX transactions are excluded from the quarterly trade count. When qualified, the Preferred Client Rates will be effective automatically on your eligible accounts on the 4th calendar day of every month. All of your personal and joint accounts held with HSBC InvestDirect will automatically be reviewed as a household for qualification purposes. Non-personal accounts are not included in the householding count. In instances where required trade counts for Preferred status are not met during a three month period, the status of the relevant accounts/householded accounts will automatically revert to the applicable pricing tier stipulated in the commission and fee schedule.

6 Where multiple trade orders are placed on the same day, for the same security and on the same side of the market (i.e. all buy orders or all sell orders), each individual order is subject to the applicable commission rate and is counted as a separate trade. All commissions are charged in the currency of the market on which the security trades.

Where multiple fills, over multiple days are required for the same order, commissions will apply to the order for each separate day the fill is completed.

Terms and Conditions | Website User Agreement | System Information | Order Processing | Member - Canadian Investor Protection Fund | Contact HSBC InvestDirect

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