$4.88 for Active Traders
In addition to comprehensive news, market information and numerous analytical tools available on our website, we are also offering to you, our best pricing of $4.88 per trade.
To qualify, all you have to do is trade 150+ times per quarter, simple as that.
HSBC InvestDirect1 Active Trader benefits
- Our lowest flat-fee online trades$4.882 on all North American equity trades, or options for just $4.88 +$1.25 per contract.
- Preferential interest rates
Benefit from discounted rates on your debit and margin account balances.
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1 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.
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.
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, Guaranteed Investment Certificate's (GIC’s) Fixed income (non exchange traded), New Issues and Foreign Exchange (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.