INDEX

>

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?

+

    Registered Accounts

    Non-Registered Accounts

Account Fees & Requirements for HSBC InvestDirect

+

    Registered Accounts

    Non-Registered Accounts

Trading Commissions & Fees provided by HSBC InvestDirect

+

HSBC InvestDirect Rankings & Reviews for 2022

+
  • Sorry, no data is available.

How can I contact HSBC InvestDirect customer support?

+

What do people think of HSBC InvestDirect?

chuchu33
TSLA
8/11/2022
Potentially dumb question, if I have a bunch of shares I purchased as ETFs (like through HSBC InvestDirect), say I held 20, would I walk out wth 60 shares after the 25th, or do my 20 shares just lose 66% value?
nuke_eyepopper_plus
Superstonk
8/9/2022
List of possible future margin calls: Admirals (company) Ally Financial Alpari Group Angel One (company) Auburn National Bancorporation Avanza Bank of America Bitpanda BUX (brokerage) Capital Index Charles Schwab Corporation Chase Bank CIBC Mellon Citibank International Personal Bank Singapore Citibank United Arab Emirates CMC Markets Credible Labs Degiro Doorstep (company) E-Trade EToro FIBO Group Fidelity Investments Fifth Third Bank Finam Holdings Findoc FinecoBank Finvasia Firstrade Securities Freetrade Futu FXOpen Halifax Share Dealing Hargreaves Lansdown HSBC InvestDirect IG Group Integral Forex Interactive Brokers Interactive Investor Lightspeed (brokerage) Matchbook FX Maybank Merrill (company) Merrill Edge Merrill Lynch & Co. Monex Group Nordnet OCBC Bank Plus500 PNC Financial Services Qtrade Questrade RBC Direct Investing Retail foreign exchange trading Robinhood Markets Saxo Bank Scottrade SoFi Stake (platform) Standard Chartered Takarékbank TD Ameritrade Thinkorswim Trade Republic TradeStation U.S. Bancorp UOB-Kay Hian The Vanguard Group Virtual Brokers Voleo Wachovia Wealth Lab Wealthsimple Webull Wells Fargo
nuke_eyepopper_plus
Superstonk
8/9/2022
Admirals (company) Ally Financial Alpari Group Angel One (company) Auburn National Bancorporation Avanza Bank of America Bitpanda BUX (brokerage) Capital Index Charles Schwab Corporation Chase Bank CIBC Mellon Citibank International Personal Bank Singapore Citibank United Arab Emirates CMC Markets Credible Labs Degiro Doorstep (company) E-Trade EToro FIBO Group Fidelity Investments Fifth Third Bank Finam Holdings Findoc FinecoBank Finvasia Firstrade Securities Freetrade Futu FXOpen Halifax Share Dealing Hargreaves Lansdown HSBC InvestDirect IG Group Integral Forex Interactive Brokers Interactive Investor Lightspeed (brokerage) Matchbook FX Maybank Merrill (company) Merrill Edge Merrill Lynch & Co. Monex Group Nordnet OCBC Bank Plus500 PNC Financial Services Qtrade Questrade RBC Direct Investing Retail foreign exchange trading Robinhood Markets Saxo Bank Scottrade SoFi Stake (platform) Standard Chartered Takarékbank TD Ameritrade Thinkorswim Trade Republic TradeStation U.S. Bancorp UOB-Kay Hian The Vanguard Group Virtual Brokers Voleo Wachovia Wealth Lab Wealthsimple Webull Wells Fargo
atchoooo
wealthica
7/13/2022
Banking or InvestDirect? HSBC InvestDirect should be working but with frequent disconnection so you need to reconnect it almost daily as HSBC expires our session quickly. Some people were not able to connect this week because or Rogers outage. Let us know if you are facing a different issue.
Batstone1
wealthica
7/7/2022
Cool, I’m leaving HSBC InvestDirect & heading to TD