North American Trading Commissions

Minimum Equities and Exchange Traded Funds (ETFs) commission of $6.88 for HSBC Premier / Advance / Retail clients or $4.88 for Active Trader clients.

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

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.

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, 2021, we will count the number of Qualifying Trades in the Personal Accounts or Non-Personal Accounts for the Trading Period from January 1, 2021 to March 31, 2021.  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, 2021 to May 3, 2021.  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 the lower active trading rates.  The trade count for Non-Personal Accounts are not combined with the trade count for Personal Accounts, and vice versa.

We reserve the right to refuse or terminate the lower Active Trader rate for your Personal Account(s) or Non-Personal Account(s) if we suspect or discover that you are abusing the proper and intended purpose of the lower rates for Active Traders.

These terms are in addition to all other terms and conditions related to your Personal Account(s) and Non-Personal Account(s).

The availability of the Active Trading rates is subject to the absolute discretion of HSBC InvestDirect and may be changed and cancelled at anytime without notice.

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