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ONLINE BROKERAGE REVIEW

HSBC InvestDirect Review 2022

Updated October 13, 2021

Quick Info

  • Standard Equity Commission
    $6.88
  • Best Commission Price
    $4.88
  • Minimum to Open Account
    Not Required
  • Maintenance/Inactivity Fees
    $25/Quarter
  • Commission-free ETF Trading
    No
  • Young Investor Offer
    No

HIGHLIGHTS

1.0/5 (2)

InvestDirect by HSBC (short for Hongkong and Shanghai Banking Corporation) is one of a very small number of discount brokerages that lets you trade on the Hong Kong Stock Exchange in addition to the North American stock exchanges. It is a subsidiary of HSBC Securities Canada Inc. and is the online brokerage of HSBC Bank Canada.

HSBC InvestDirect is an interesting option for individuals looking to do overseas stock trading in addition to trading on North American markets. Clients have access to 30 domestic and international markets and the ability to settle transactions in 10 different currencies. One thing that has to be factored in for pricing is the foreign exchange rates, as InvestDirect doesn’t offer US dollar registered accounts (TFSAs, RRSPs, and RESPs).

The pricing, account balance, and trading volume requirements for best commission pricing have been lowered to be more competitive with the other Canadian online brokers. There are some inactivity fees that are levied if your account balance falls below $10,000 on non-registered accounts or if your trading activity is less than once per quarter. That said, from a pricing perspective, if you are an active trader who wants the flexibility of international trading, you may want to consider HSBC. If you are a less-active trader, you need to know what your investing or trading requirements on a monthly basis will be in order to calculate if HSBC InvestDirect will be the most cost-effective option for you.

HSBC InvestDirect Full Review

What Account Types does HSBC InvestDirect offer?

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    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for HSBC InvestDirect

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    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by HSBC InvestDirect

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HSBC InvestDirect Rankings & Reviews for 2022

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  • Sorry, no data is available.

How can I contact HSBC InvestDirect customer support?

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What do people think of HSBC InvestDirect?

Batstone1
wealthica
5/19/2022
I’m with you; HSBC InvestDirect is sadly not syncing.
deadeyedjacks
UKPersonalFinance
5/9/2022
HSBC has multiple investment platforms. * Global Investment Centre is their fund platform, run by the same company as Vanguard Investors UK and Santander Investment Hub. We're assuming this is what you're referring to. * HSBC Investdirect for stocks and shares, including ETFs. * HSBC Investdirect plus for overseas stocks and shares. Offers Lombard lending for established clients. So firstly decide which best meets your needs. Charges are not unreasonable. Investing £50K makes you eligible for HSBC Premier, £1M for HSBC Jade.
f1sushi
CanadianInvestor
5/7/2022
From Globe & Mail's onine brokerage rankings... Can you buy high-interest savings ETFs? These popular exchange-traded funds offer a way to park cash in your investment account and earn better returns than in other havens. Ticker symbols include PSA-TSX and CSAV-TSX. Expect to pay brokerage commissions to buy and/or sell. **BMO InvestorLine - No** CIBC Investor's Edge - Yes Desjardins Online Brokerage - Yes HSBC InvestDirect - Yes Interactive Brokers - Yes National Bank Direct Brokerage - Yes Qtrade Investor - Yes Questrade - Yes **RBC Direct Investing - No** Scotia iTrade - Yes **TD Direct Investing - No** Virtual Brokers - Yes
BayesianPrior
CanadianInvestor
5/5/2022
Just checked HSBC InvestDirect and I don't see them there. If they did, it would be US$6.88/trade.
deadeyedjacks
UKPersonalFinance
4/27/2022
ISAs can't hold foreign currencies, only GBP, so you'll always incur FX fees. So either don't invest in overseas stocks within them or use a broker with lower FX fees. Look at IG Markets and Interactive Broker, I believe they have lower FX fees ? Also HSBC InvestDirect Plus is surprisingly good value for overseas stocks. Overall best to use a GIA for overseas stocks and keep your ISA / SIPP as UK listed, GBP priced funds.