HSBC InvestDirect Global Trading Commissions

Online or telephone trades
 

HSBC Premier1 Preferred client pricing

 

 

Automatically qualify for our preferential rates as an HSBC Premier banking client

 

Learn more

Apply

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Learn more

Apply

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Learn more

Apply

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates (Effective Nov 6, 2017)

 

Learn more

Apply

Trades start at $6.88 $6.88
$6.88
$4.88
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
Discount 20% off international trading commissions, online or by telephone5
10% off international trading commissions, online or by telephone5
Standard trading commissions
20% off international trading commissions, online or by telephone5
Flat rate HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6
HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6
HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6
HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6

HSBC InvestDirect Global Trading Commissions

Online or telephone trades
  Trades start at

HSBC Premier1 Preferred client pricing

 

 

Automatically qualify for our preferential rates as an HSBC Premier banking client

 

Learn more

Apply

$6.88

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Learn more

Apply

$6.88

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Learn more

Apply

$6.88

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates (Effective Nov 6, 2017)

 

Learn more

Apply

$4.88
  Ways to qualify

HSBC Premier1 Preferred client pricing

 

 

Automatically qualify for our preferential rates as an HSBC Premier banking client

 

Learn more

Apply

Maintain CAD $500,000 in your HSBC InvestDirect account4

 

AND

 

Complete 0 to 149 trades per quarter5

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Learn more

Apply

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

 

AND

 

Complete 0 to 149 trades per quarter5

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Learn more

Apply

Complete 0 to 149 trades per quarter5

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates (Effective Nov 6, 2017)

 

Learn more

Apply

Complete 150+ trades per quarter5
  Discount

HSBC Premier1 Preferred client pricing

 

 

Automatically qualify for our preferential rates as an HSBC Premier banking client

 

Learn more

Apply

20% off international trading commissions, online or by telephone5

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Learn more

Apply

10% off international trading commissions, online or by telephone5

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Learn more

Apply

Standard trading commissions

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates (Effective Nov 6, 2017)

 

Learn more

Apply

20% off international trading commissions, online or by telephone5
  Flat rate

HSBC Premier1 Preferred client pricing

 

 

Automatically qualify for our preferential rates as an HSBC Premier banking client

 

Learn more

Apply

HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Learn more

Apply

HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Learn more

Apply

HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates (Effective Nov 6, 2017)

 

Learn more

Apply

HK$ 288 flat rate for Hong Kong online trading (trade values of HK$ 0-1,999,999).6

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

Australia

Australian Securities Exchange (ASX)

Market Hours: 10:00 am – 4:00 pm local time

Trade size Commission
AU$ 0 - 24,999
1.20%
AU$ 25,000 - 49,999
1.15%
AU$ 50,000 & over
1.00%

Australian Securities Exchange (ASX)

Market Hours: 10:00 am – 4:00 pm local time

Trade size AU$ 0 - 24,999
Commission 1.20%
Trade size AU$ 25,000 - 49,999
Commission 1.15%
Trade size AU$ 50,000 & over
Commission 1.00%

Minimum commission AU$200

For example, if you trade AU$ 30,000, your total fees are AU$ 345. 
If you trade AU$ 10,000, you pay the minimum commission fee, AU$ 200. 
Dividend Handling Fee 1.5% (minimum AU$ 10) may apply.

China

Shanghai Stock Exchange (SSE)

Market Hours: 9:30 – 11:30 am & 1:00 – 3:00 pm local time

Trade size Commission Levies
US$ 0 - 4,999
1.50%
0.28%
US$ 5,000 - 9,999
1.40%
0.28%
US$ 10,000 - 19,999
1.25%
0.28%
US$ 20,000 & over
1.20%
0.28%

Shanghai Stock Exchange (SSE)

Market Hours: 9:30 – 11:30 am & 1:00 – 3:00 pm local time

Trade size US$ 0 - 4,999
Commission 1.50%
Levies 0.28%
Trade size US$ 5,000 - 9,999
Commission 1.40%
Levies 0.28%
Trade size US$ 10,000 - 19,999
Commission 1.25%
Levies 0.28%
Trade size US$ 20,000 & over
Commission 1.20%
Levies 0.28%

Minimum commission US$ 80.

For example, if you trade US$ 20,000, your total fees are US$ 296 (commission fee US$ 240 + levy US$ 56).

Shenzhen Stock Exchange (SZSE)

Market Hours: 9:30 – 11:30 am & 1:00 – 3:00 pm local time

Trade size Commission Levies
HK$ 0 - 49,999
1.30%
0.2841%
HK$ 50,000 - 124,999
1.20%
0.2841%
HK$ 125,000 - 249,999
1.10%
0.2841%
HK$ 250,000 & over
1.00%
0.2841%

Shenzhen Stock Exchange (SZSE)

Market Hours: 9:30 – 11:30 am & 1:00 – 3:00 pm local time

Trade size HK$ 0 - 49,999
Commission 1.30%
Levies 0.2841%
Trade size HK$ 50,000 - 124,999
Commission 1.20%
Levies 0.2841%
Trade size HK$ 125,000 - 249,999
Commission 1.10%
Levies 0.2841%
Trade size HK$ 250,000 & over
Commission 1.00%
Levies 0.2841%

Minimum commission HK$ 650.

For example, if you trade HK$ 100,000, your total fees are HK$ 1,484.10 (commission fee HK$ 1,200 + levy HK$ 284.10).

Europe

Austria: Vienna Stock Exchange

Belgium: European Association of Securities Dealers Automated Quotation (EASDAQ)

Finland: Helsinki Stock Exchange

France:

- Euronext Paris (EPA)

- NouveauMarche 

- Marché à Terme International de France (MATIF)

Germany: Frankfurt Stock Exchange (FWB)

Greece: Athens Stock Exchange

Italy: Italian Stock Exchange

 

Market hours vary by exchange (online or telephone trading)

Trade size Commission
EUR 0 - 24,999
0.50%
EUR 25,000 - 44,999
0.45%
EUR 45,000 - 74,999
0.40%
EUR 75,000 & over
0.35%

Austria: Vienna Stock Exchange

Belgium: European Association of Securities Dealers Automated Quotation (EASDAQ)

Finland: Helsinki Stock Exchange

France:

- Euronext Paris (EPA)

- NouveauMarche 

- Marché à Terme International de France (MATIF)

Germany: Frankfurt Stock Exchange (FWB)

Greece: Athens Stock Exchange

Italy: Italian Stock Exchange

 

Market hours vary by exchange (online or telephone trading)

Trade size EUR 0 - 24,999
Commission 0.50%
Trade size EUR 25,000 - 44,999
Commission 0.45%
Trade size EUR 45,000 - 74,999
Commission 0.40%
Trade size EUR 75,000 & over
Commission 0.35%

Minimum commission EUR 105 (Market order only).

Hong Kong

Global Trading Online - Hong Kong Stock Exchange (HKEx)

Market Hours: 9:30 am – noon & 1:00 – 4:00 pm local time

Trade size Commission Levies Trading fee Stamp duty
HK$ 0 - 1,999,999
HK$ 288
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)
HK$ 2,000,000 & over
0.10%
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)

Global Trading Online - Hong Kong Stock Exchange (HKEx)

Market Hours: 9:30 am – noon & 1:00 – 4:00 pm local time

Trade size HK$ 0 - 1,999,999
Commission HK$ 288
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)
Trade size HK$ 2,000,000 & over
Commission 0.10%
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)

Dividend Collection Fee 0.5% (minimum HK$20) may apply.

For example, if you trade HK$ 200,000, your total fees are HK$ 504 (commission HK$ 288 + levy HK$ 6 + trading fee HK$ 10 + stamp duty HK$ 200).

Global Trading By Phone - Hong Kong

Market Hours: 9:30 am - 12 pm & 1:00 - 4:00 pm local time

Trade size Commission Levies Trading fee Stamp duty
HK$ 0-49,999
HK$ 350
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)
HK$ 50,000-124,999
0.70%
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)
HK$ 125,000-249,999
0.60%
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)
HK$ 250,000 & over
0.50%
0.003%
0.005%
HK $1 for every HK $1,000 (round up to the nearest dollar)

Global Trading By Phone - Hong Kong

Market Hours: 9:30 am - 12 pm & 1:00 - 4:00 pm local time

Trade size HK$ 0-49,999
Commission HK$ 350
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)
Trade size HK$ 50,000-124,999
Commission 0.70%
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)
Trade size HK$ 125,000-249,999
Commission 0.60%
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)
Trade size HK$ 250,000 & over
Commission 0.50%
Levies 0.003%
Trading fee 0.005%
Stamp duty HK $1 for every HK $1,000 (round up to the nearest dollar)

Minimum Commission HK$ 350 

Dividend Collection Fee 0.5% (Min. HKD $20.00) may apply.

Indonesia

Indonesia Stock Exchange (IDX) 

Market Hours: 9:30 am – 12 pm and 1:30 pm – 4 pm (Mon - Thurs) / 9:30 am – 11:30 am and 2 pm - 4 pm (Fri)

Trade size Admin Commission VAT Levies
IDR 0 - 34,999,999
IDR 225,000
1.30%
0.01%
0.04%
IDR 35,000,000 -  69,999,999
IDR 225,000
1.20%
0.01%
0.04%
IDR 70,000,000 & over
IDR 225,000
1.10%
0.01%
0.04%

Indonesia

Indonesia Stock Exchange (IDX) 

Market Hours: 9:30 am – 12 pm and 1:30 pm – 4 pm (Mon - Thurs) / 9:30 am – 11:30 am and 2 pm - 4 pm (Fri)

Trade size IDR 0 - 34,999,999
Admin IDR 225,000
Commission 1.30%
VAT 0.01%
Levies 0.04%
Trade size IDR 35,000,000 -  69,999,999
Admin IDR 225,000
Commission 1.20%
VAT 0.01%
Levies 0.04%
Trade size IDR 70,000,000 & over
Admin IDR 225,000
Commission 1.10%
VAT 0.01%
Levies 0.04%

Minimum Commission IDR 160,000.
For Sale Transactions Add 0.10% Transaction Tax.
Dividend Collection Fee US$ 50 may apply.
Dividend Withholding Tax 20%.

For example, if you trade IDR 20,000,000, your total fees are IDR 495,000 (administration fee IDR 225,000 + commission IDR 260,000 + VAT & levy IDR 10,000).

Japan

Tokyo Stock Exchange (TSE)

Market Hours: 9 am – 11:30 am and 12:30 pm – 3 pm

Trade size Commission Levies
¥ 0-1,000,000
1.40%
none
¥ 1,000,001-5,000,000
1.15%
¥ 2,500
¥ 5,000,001-10,000,000
1.15%
¥ 12,500
¥ 10,000,001-30,000,000
0.95%
¥ 25,000
¥ 30,000,001-50,000,000
0.85%
¥ 85,000
¥ 50,000,001-100,000,000
0.65%
¥ 160,000
¥ 100,000,001-300,000,000
0.40%
¥ 185,000
¥ 300,000,001-500,000,000
0.25%
¥ 410,000
¥ 500,000,001-1,000,000,000
0.20%
¥ 535,000

Japan

Tokyo Stock Exchange (TSE)

Market Hours: 9 am – 11:30 am and 12:30 pm – 3 pm

Trade size ¥ 0-1,000,000
Commission 1.40%
Levies none
Trade size ¥ 1,000,001-5,000,000
Commission 1.15%
Levies ¥ 2,500
Trade size ¥ 5,000,001-10,000,000
Commission 1.15%
Levies ¥ 12,500
Trade size ¥ 10,000,001-30,000,000
Commission 0.95%
Levies ¥ 25,000
Trade size ¥ 30,000,001-50,000,000
Commission 0.85%
Levies ¥ 85,000
Trade size ¥ 50,000,001-100,000,000
Commission 0.65%
Levies ¥ 160,000
Trade size ¥ 100,000,001-300,000,000
Commission 0.40%
Levies ¥ 185,000
Trade size ¥ 300,000,001-500,000,000
Commission 0.25%
Levies ¥ 410,000
Trade size ¥ 500,000,001-1,000,000,000
Commission 0.20%
Levies ¥ 535,000

Minimum commission ¥ 10,000. Dividend Withholding tax 20%.

For example, if you trade ¥ 1,200,000, your total fees are ¥ 16,300 (commission ¥ 13,800 + levy ¥ 2,500).

Malaysia

Bursa Malaysia (MYX)

Market Hours: 9 am – 12:30 pm and 2:30 pm – 5 pm

Trade size Commission Levies
All 2.5% 0.14%

Malaysia

Bursa Malaysia (MYX)

Market Hours: 9 am – 12:30 pm and 2:30 pm – 5 pm

Trade size All
Commission 2.5%
Levies 0.14%

Minimum commission MYR 225.
Dividend Withholding Tax 28%.
Plus Transaction Fee for Buy MYR 120, for Sell MYR 130.

For example, if you trade MYR 100,000, your total fees are MYR 2,760 (commission fee MYR 2,500 + levy MYR 140 + transaction fee MYR 120).

Philippines

Philippines Stock Exchange (PSE)

Market Hours: 9:30 am – 12 pm and 1:30 pm - 3:30 pm

Trade size Admin Commission Levies
PHP 0 - 499,999
PHP 3,600
1.20%
*
PHP 500,000 - 999,999
PHP 3,600
1.10%
*
PHP 1,000,000 & over
PHP 3,600
1.00%
*

Philippines

Philippines Stock Exchange (PSE)

Market Hours: 9:30 am – 12 pm and 1:30 pm - 3:30 pm

Trade size PHP 0 - 499,999
Admin PHP 3,600
Commission 1.20%
Levies *
Trade size PHP 500,000 - 999,999
Admin PHP 3,600
Commission 1.10%
Levies *
Trade size PHP 1,000,000 & over
Admin PHP 3,600
Commission 1.00%
Levies *

*For Buy: 0.76%, for Sell: 0.51%
Minimum Commission PHP 2,000.
Dividend Collection Fee US$ 120 may apply.
Dividend Withholding Tax 15%.

For example, if you trade PHP 250,000, your total fees are PHP 8,500 (administration fee PHP 3,600 + commission PHP 3,000 + levy PHP 1900).

Singapore

Singapore Stock Exchange (SGX) 

Market Hours: 9:00 am – 5:00 pm local time

Trade Size Commission Levies
SG$ 0 - 24,999
1.30%
0.05%
SG$ 25,000 - 49,999
1.20%
0.05%
SG$ 50,000 & over
1.10%
0.05%

Singapore Stock Exchange (SGX) 

Market Hours: 9:00 am – 5:00 pm local time

Trade Size SG$ 0 - 24,999
Commission 1.30%
Levies 0.05%
Trade Size SG$ 25,000 - 49,999
Commission 1.20%
Levies 0.05%
Trade Size SG$ 50,000 & over
Commission 1.10%
Levies 0.05%

Minimum commissions SG$ 125.
Dividend Collection Fee 0.5% (minimum SG $ 10) may apply.

For example, if you trade SG$ 20,000, your total fees are SG$ 270 (commission SG$ 260 + levy SG$ 10).

Jardine Strategic Holdings (JSH)

Market Hours: 9:00 am – 12:30 pm & 2:00 – 5:00 local time

Trade Size Commission Levies
US$ 0 - 19,999
1.20%
0.05%
US$ 20,000 - 39,999
1.10%
0.05%
US$ 40,000 & over
1.00%
0.05%

Jardine Strategic Holdings (JSH)

Market Hours: 9:00 am – 12:30 pm & 2:00 – 5:00 local time

Trade Size US$ 0 - 19,999
Commission 1.20%
Levies 0.05%
Trade Size US$ 20,000 - 39,999
Commission 1.10%
Levies 0.05%
Trade Size US$ 40,000 & over
Commission 1.00%
Levies 0.05%

Minimum commission US$ 90.
Withholding tax 26%.
Dividend Collection Fee 0.5% (minimum SG $ 5) may apply.

For example, if you trade US$ 16,000, your total fees at US$ 200 (commission US$ 192 + levy US$ 8).

Thailand

Stock Exchange of Thailand (SET)

Market Hours: 10 am - 12:30 pm and 2 pm – 4:30 pm

Trade size Commission Levies
THB 0 - 999,999
1.15% 0.035%
THB 1,000,000 & over
1.00% 0.035%

Thailand

Stock Exchange of Thailand (SET)

Market Hours: 10 am - 12:30 pm and 2 pm – 4:30 pm

Trade size THB 0 - 999,999
Commission 1.15%
Levies 0.035%
Trade size THB 1,000,000 & over
Commission 1.00%
Levies 0.035%

Minimum commission THB 2,000 + transaction fee.

For example, if you trade THB 500,000, your total fees are THB 6,687.50 (transaction fee THB 850 + commission THB 5,750 + levy THB 87.50).

UK

London Stock Exchange (LSEX)

Market Hours: 8:00 am – 4:30 pm GMT

Trade size Commission Stamp Duty 
(applies to Buy for London only)
£ 0 - 14,999
0.50%
0.50%
£ 15,000 - 29,999
0.45%
0.50%
£ 30,000 - 49,999
0.40%
0.50%
£ 50,000 & over
0.35%
0.50%

UK

London Stock Exchange (LSEX)

Market Hours: 8:00 am – 4:30 pm GMT

Trade size £ 0 - 14,999
Commission 0.50%
Stamp Duty 
(applies to Buy for London only)
0.50%
Trade size £ 15,000 - 29,999
Commission 0.45%
Stamp Duty 
(applies to Buy for London only)
0.50%
Trade size £ 30,000 - 49,999
Commission 0.40%
Stamp Duty 
(applies to Buy for London only)
0.50%
Trade size £ 50,000 & over
Commission 0.35%
Stamp Duty 
(applies to Buy for London only)
0.50%

£ 1 Levies on Buys and Sells over 10,000. Minimum Commission £ 55. No minimum trade amount.

For example, if you trade £ 10,000, your total fees are £ 105 (commission fee £ 55 + stamp duty £ 50).

 

 

1 HSBC Premier eligibility requires you to have an active Premier chequing account and maintain a $100,000 balance in combined personal deposits and investments with HSBC Bank Canada and its subsidiaries. Please refer to the Personal Service Charges / Statement of Disclosure for fees which may apply.

2 The HSBC Advance package is comprised of four products — HSBC Advance Chequing account, High Rate Savings Account (additional fees may apply), HSBC Advance MasterCard® and access to a personal line of credit. The HSBC Advance Chequing, MasterCard and personal line of credit are subject to credit adjudication and approval. The monthly minimum balance for HSBC Advance is $25,000 CAD in combined personal deposit and/ or investments with HSBC Bank Canada or its subsidiaries. A monthly fee of $25 will be applied if your balance is below $25,000 CAD. New customers have three months from the date of account opening to consolidate the $25,000 CAD minimum balance without incurring the monthly fee. Customers who have moved to Canada within the past three years (proof of landed immigrant, foreign worker or residency status is required) have 12 months from the date of account opening to consolidate the $25,000 CAD minimum balance without incurring the monthly fee. HSBC Advance requires you to have an active HSBC Advance Chequing account. When applicable, the $25 monthly fee will be debited from your HSBC Advance Chequing account. The HSBC Advance package includes Telephone and Personal Internet Banking withdrawals, bill payments, pre-authorized debits, Interac®* payments , cheques and unlimited deposits and withdrawals from any HSBC Bank Canada and THE EXCHANGE®** ATMs. Transaction fees will be charged for other services not included in the package, please refer to the Advance MasterCard® Rates & Fees as well as the Personal Service Charges / Statement of Disclosure. If you do not wish to apply for the HSBC Advance suite of products, similar products are available separately by calling 1.888.310.4722 or visit a branch.

® MasterCard is a registered trademark of MasterCard International Incorporated. Used pursuant to license.

®2 Interac. Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.

®3 THE EXCHANGE. User licensed in Canada by FICANEX Services Limited partnership on behalf of Fiserv Electronic Funds Transfer (EFT).

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, exchange-traded fund's (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.

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