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North American Trading Commissions

HSBC InvestDirect North American Trading Commissions

 

HSBC Premier1 Preferred client pricing

 

 

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

 

Find out more

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Find out more

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Find out more

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates

 

Find out more

Trades start at $6.88 $6.88
$6.88
$0*
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

HSBC InvestDirect North American Trading Commissions

  Trades start at

HSBC Premier1 Preferred client pricing

 

 

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

 

Find out more

$6.88

HSBC Advance2 Preferred client pricing

 

 

Automatically qualify for preferential rates as an HSBC Advance banking client

 

Find out more

$6.88

HSBC InvestDirect3

Standard commission

rates

 

Competitive rates for all HSBC InvestDirect account holders

 

 

Find out more

$6.88

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates

 

Find out more

$0*
  Ways to qualify

HSBC Premier1 Preferred client pricing

 

 

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

 

Find out more

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

 

Find out more

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

 

 

Find out more

Complete 0 to 149 trades per quarter5

HSBC InvestDirect Active Trader Pricing

 

 

Automatically qualify for preferential commission rates

 

Find out more

Complete 150+ trades per quarter5

Online trading rates

 

HSBC Premier

HSBC Advance

Standard

HSBC Active Trader

ETFs & Equities  $6.88 $6.88
$6.88
$0*
Options $6.88 + $1.25 per contract
$6.88 + $1.25 per contract
$6.88 + $1.25 per contract
$0* + $1.25 per contract

Online trading rates

  ETFs & Equities 

HSBC Premier

$6.88

HSBC Advance

$6.88

Standard

$6.88

HSBC Active Trader

$0*
  Options

HSBC Premier

$6.88 + $1.25 per contract

HSBC Advance

$6.88 + $1.25 per contract

Standard

$6.88 + $1.25 per contract

HSBC Active Trader

$0* + $1.25 per contract

Minimum Equities and Exchange Traded Funds (ETFs) commission of $6.88 for HSBC Premier / Advance / Retail clients or $0 for Active Trader clients.

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

* Active Trader rate of $0 is valid until December 31, 2020.   Effective January 1, 2021, the Active Trader rate of $4.88 will apply.

Telephone trading rates

 

HSBC Premier

HSBC Advance

Standard

HSBC Active Trader

ETFs & Equities 10% off standard rates
5% off standard rates

See below table

10% off standard rates

Telephone trading rates

  ETFs & Equities

HSBC Premier

10% off standard rates

HSBC Advance

5% off standard rates

Standard

See below table

HSBC Active Trader

10% off standard rates
ETFs & Equities Standard commission 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
ETFs & Equities Standard commission rates:
Stock Price $0.24 and under
CDN Equities
2.5%
US Equities
3.0%
Stock Price $0.25 - $1.00
CDN Equities
$35.00 + 0.5 ¢/share
US Equities
$39.00 + 2 ¢/share
Stock Price $1.01 - $2.00
CDN Equities
$35.00 + 2 ¢/share
US Equities
$39.00 + 3 ¢/share
Stock Price $2.01 - $5.00
CDN Equities
$35.00 + 3 ¢/share
US Equities
$39.00 + 4 ¢/share
Stock Price $5.01 - $10.00
CDN Equities
$35.00 + 4 ¢/share
US Equities
$39.00 + 5 ¢/share
Stock Price $10.01 - $20.00
CDN Equities
$35.00 + 5 ¢/share
US Equities
$39.00 + 6 ¢/share
Stock Price $20.01 - $30.00
CDN Equities
$35.00 + 6 ¢/share
US Equities
$39.00 + 7 ¢/share
Stock Price $30.01 and over
CDN Equities
$35.00 + 6 ¢/share
US Equities
$39.00 + 8 ¢/share
Options telephone trading 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%
Options telephone trading rates:

Option value

$0.00 - $1.00

HSBC Premier

$35 + $1.00 per contract, less 20%

HSBC Advance

$35 + $1.00 per contract, less 10%

Standard

$35 + $1.00 per contract

HSBC Active Trader

$35 + $1.00 per contract, less 20%

Option value

$1.01 - $2.00

HSBC Premier

$35 + $1.50 per contract, less 20%

HSBC Advance

$35 + $1.50 per contract, less 10%

Standard

$35 + $1.50 per contract

HSBC Active Trader

$35 + $1.50 per contract, less 20%

Option value

$2.01 - $3.00

HSBC Premier

$35 + $2.00 per contract, less 20%

HSBC Advance

$35 + $2.00 per contract, less 10%

Standard

$35 + $2.00 per contract

HSBC Active Trader

$35 + $2.00 per contract, less 20%

Option value

$3.01 - $4.00

HSBC Premier

$35 + $2.50 per contract, less 20%

HSBC Advance

$35 + $2.50 per contract, less 10%

Standard

$35 + $2.50 per contract

HSBC Active Trader

$35 + $2.50 per contract, less 20%

Option value

$4.01 - $5.00

HSBC Premier

$35 + $3.00 per contract, less 20%

HSBC Advance

$35 + $3.00 per contract, less 10%

Standard

$35 + $3.00 per contract

HSBC Active Trader

$35 + $3.00 per contract, less 20%

Option value

$5.01 +

HSBC Premier

$35 + $3.50 per contract, less 20%

HSBC Advance

$35 + $3.50 per contract, less 10%

Standard

$35 + $3.50 per contract

HSBC Active Trader

$35 + $3.50 per contract, less 20%

Commission is charged in the currency of the market in which the security trades. There is a minimum commission of $43 per telephone trade.

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.
 

HSBC Premier

HSBC Advance

Standard

HSBC Active Trader

Exchange Traded Bonds
Standard Standard

Bond par Value: $0 - $49,999 

Commission: $40 + $1.50/1000

 

Bond par Value: $50,000 and over

Commission: $40 + $1.00/1000

 

Subject to a minimum of $110

Standard

Bonds/Fixed Income

Rates shown are for online or telephone trades.
  Exchange Traded Bonds

HSBC Premier

Standard

HSBC Advance

Standard

Standard

Bond par Value: $0 - $49,999 

Commission: $40 + $1.50/1000

 

Bond par Value: $50,000 and over

Commission: $40 + $1.00/1000

 

Subject to a minimum of $110

HSBC Active Trader

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.

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.

1 HSBC 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.

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.

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

5 An Active Trader is a person who conducts at least 150 Qualifying Trades (defined below) during the Trading Period (defined below) in either (a) their HSBC InvestDirect (personal sole and joint accounts (the “Personal Accounts”) or (b) their non-personal account(s) (the “Non-Personal Accounts”).  A Qualifying Trade can be any of the following: (i) online equity, ETF or option orders traded on a North American exchange, (ii) online equity trades on an International exchange except Hong Kong, (iii) any telephone equity trades, ETF  or option orders on a North American or International exchange.

Every month we will determine if you are an Active Trader.  Specifically, on the 4th calendar day of every month we will add up the number of Qualifying Trades you conducted in the Personal Accounts or Non-Personal Accounts for the preceding 3 month period (the “Trading Period”).  If at least 150 Qualifying Trades were conducted in the Personal Accounts or Non-Personal Accounts during the Trading Period, you will receive for the Personal Accounts or Non-Personal Accounts, as applicable, the lower active trading rates from the 4th calendar day of the month until the 3rd calendar day of the following month.  For example, on April 4, 2020, we will count the number of Qualifying Trades in the Personal Accounts or Non-Personal Accounts for the Trading Period from January 1, 2020 to March 31, 2020.  If you qualify as an Active Trader, you will receive the lower active rate on all trades conducted in any of the Personal Accounts or Non-Personal Accounts from April 4, 2020 to May 3, 2020.  To continue to receive the lower active trading rates, you must qualify every 4th calendar day of a month based on the trading activity during the Trading Period.  As soon as you do not qualify, we will charge you the regular trading rates until you qualify again.

We will automatically assess whether you qualify for active trading rates.  The trade count for Non-Personal Accounts is not combined with the trade count for Personal Accounts, and vice versa.

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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