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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

1.9/5 (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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HSBC InvestDirect Downtime Report

HSBC InvestDirect down? Submit an incident report using our exclusive online brokerage outage tracker and view reported incidents from other users.

Click here to view current HSBC InvestDirect Downtime Report

What do people think of HSBC InvestDirect?

atchoooo
wealthica
9/21/2022
Sorry we did not start debugging this issue 3 weeks ago as we looked towards a general HSBC Investdirect issue first. I understand you have still been waiting for 3 weeks. Your specific account failed while fetching positions. We had to enable debug logs and wait for subsequent syncs to reveal more information. Somehow the object did not like to be logged and crashed on us, plus there was an error after 2fa so we had to wait for you to fix 2fa because getting more information. It seems the 2fa has been fixed but it's still pending our position crash investigation. Hopefully we can identify what position causes the crash soon and release a fix.
diyexageh
ExpatFinance
9/21/2022
<I’m sure there’s a better conversion rate somewhere else, but the convenience for me is worth it. I do not know at the moment, but do your FX in jersey instead of UAE when you transfer via Global Transfers. HSBC UAE has different FX Rates for SWIFT and Global transfers. A couple years ago I used to get much better rates in JE vs AE. Now, about the investments, there's a caveat if you are using HSBC Direct Invest International. Do keep in mind that Investing through HSBC Expat does not take place in Jersey as it is offered by HSBC Bank UK PLC. This is the UK operation not the Jersey one. There is a huge implication here when it comes to taxation, depending on what you trade you might need to pay or file returns. UK Estate tax applies also. &#x200B; <**Is HSBC InvestDirect International an offshore service?** < <*No. HSBC InvestDirect International is a UK based service – so it’s subject to UK law and UK tax regulations.*
atchoooo
wealthica
9/20/2022
RBC Banking = Third party connector. HSBC Investdirect, it's an account-specific issue (well there was a 2fa issue but it has been fixed since you reported it, we are still working on an account-specific issue (it's affecting you but not most of the other users using HSBC Investdirect) while importing a position. We are working on it and it will be fixed shortly. Consider it's an account-specific issue and not a connector-wide issue, these have lower priority as it's being fixed only for you. Plus, I have been providing you with almost daily updates on the Reddit chat about this issue. Please refer to my "long" post above. I don't think you should give up so quickly. We are taking care of the issue.
hh_cruz
UKPersonalFinance
9/20/2022
1. Open a broker account which allow customers to trade US shares. HSBC InvestDirect. 2. Fill in share certification transfer in form on HSBC InvestDirect website. 3. Sent the form and your US share certificate by registered or recorded mail to HSBC. 4. Wait and then your US shares will appear electronically in your InvestDirect account. 5. Sell shares on InvestDirect account to get cash back into your bank.
Leonscorpio27
wealthica
9/19/2022
Add Hsbc Investdirect and RBC to the list of syncing issues. I have given up