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Active Trader Pricing

Lower Rates for Active Traders1

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 $0 per online North American equity trade2.

To qualify, you have to make 150 + trades every 3 months - conditions apply1.

HSBC InvestDirect3 Active Trader rates:

  • Our lowest rates for online trades2

    $0 on all North American equity and ETF trades*

    $0 +$1.25 per contract for option trades*

    20% off International equity trades, except Hong Kong

  • Reduced phone trade rates2

    Receive 10% off North American equity trades, 20% off options trades, and 20% off International equity trades

    View commission rates

  • Preferential interest rates2

    Benefit from discounted rates on your debit and margin account balances.

    View interest rates

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

1 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.

2 These rates are only available if you are an Active Trader (as explained above).

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.


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