HSBC share trading account

[elvintay07]

Strangely why no one using HSBC. I just realised that their commission for hk, sg and US market is 0.15% which is low compared to both DBS treasures and Standard Chartered. Anyone familiar?

 

[quekkb]

I am using HSBC trading account. They dropped the commission last year October and I start using them. Very convenient as you can exchange the currency and receive the dividend of the same currency.

 

[d5dude]

Still a lot more expensive than IBKR. No real reason to use them.

 

[CaptainWu]

Strangely why no one using HSBC. I just realised that their commission for hk, sg and US market is 0.15% which is low compared to both DBS treasures and Standard Chartered. Anyone familiar?

Found this thread today while we are discussing earlier in the SCB thread For SG Shares DBS Treasures is lower at 0.12%. I am considering switching to it anyway for my own reason so do share if you have more experience on it. I do realize their shares transfer out is expensive but understand you mainly use for trading so its fine.

 

[CaptainWu]

I am using HSBC trading account. They dropped the commission last year October and I start using them. Very convenient as you can exchange the currency and receive the dividend of the same currency.

How's the dividend handling and are you using for SG and US shares also? Are they paying the same or next dividend day and do they charge any dividend handling fee as I can't find this information in the price document. Do you know if they are charging for any corporate action fee also?

 

[elvintay07]

Found this thread today while we are discussing earlier in the SCB thread For SG Shares DBS Treasures is lower at 0.12%. I am considering switching to it anyway for my own reason so do share if you have more experience on it.

Not wrong. You use dbs for local, sc or HSBC for foreign. But why waste time. 0.03% difference assuming if we invest $10,000 is merely $3,000. Waste time la

 

[CaptainWu]

Not wrong. You use dbs for local, sc or HSBC for foreign. But why waste time. 0.03% difference assuming if we invest $10,000 is merely $3,000. Waste time la

You mean $3 right in fact I am considering moving my DBS shares there as I am using HSBC as global bank and better to consolidate. I need to keep SCB as HSBC do not support LSE.

 

[elvintay07]

You mean $3 right in fact I am considering moving my DBS shares there as I am using HSBC as global bank and better to consolidate. I need to keep SCB as HSBC do not support LSE.

Actually HSBC treat us more like humans la. DBS don’t really need our money. For every $10,000,000, we paying HSBC $3,000 more than DBS. Personally I feel DBS is a waste time

 

[hwmook]

Actually HSBC treat us more like humans la. DBS don’t really need our money. For every $10,000,000, we paying HSBC $3,000 more than DBS. Personally I feel DBS is a waste time

That is true, HSBC is much more customer orientated than DBS.

 

[elvintay07]

That is true, HSBC is much more customer orientated than DBS.

Someone told me DBS like bao jiak one. As in will never close down. The rest not sure

 

[addict951]

HSBC dun charge custodian fee for US & SGX stocks hor?
Then if AUM below dun-know-how-much got charge anot?

 

[elvintay07]

They don’t charge for US. They do not have uk. Wondering who is their custodian for the US shares? I know DBS use bank of New York.

It seems like HSBC trading platform is not popular. The risk is they may close SG. DBS treasures and SC are more popular

 

[ThinkPad70]

As an integrated feature of UK and US markets trading, which bank does offer better FX rate? Such as GBP and USD.

 

[CaptainWu]

They don’t charge for US. They do not have uk. Wondering who is their custodian for the US shares? I know DBS use bank of New York.

It seems like HSBC trading platform is not popular. The risk is they may close SG. DBS treasures and SC are more popular

What do you mean by they may close SG? Close Singapore Business or the Singapore investment platform? Very unlikely as even like CIMB keeps downsizing they still keep branch here to support their key customers.

Their investment platform and custodian believe are using the same as in HK, so the cost to introduce/maintain this in Singapore should be minimum. Interestingly the equities charges in HSBC SG is much lower than in HSBC HK probably due to competition in Singapore.

 

[elvintay07]

I find the HSBC app quite nice to use

 

[elvintay07]

Is there a way to see the LTV of each stock? I realised cannot see this on the app

 

[euro2012]

for hsbc.. is it download the hsbc sg app.. sign up for a ‘everyday global account’ then can purchase us stocks alr??

 

[elvintay07]

Need to open up account. Lately they giving $650 for $100k of equities in hsbc. Then $2000+ for $300k of equities. Huat liao.

Time to move my IBKR shares into their trading platform. Free money

 

[elvintay07]

Now I realised why not many use HSBC trading account as compared to standard chartered and DBS treasures.

(1) no uk equities
(2) they said US equities cannot be used as leverage
(3) the app is not real time. If you buy 1 stock, it will transact immediately but you will see it in your portfolio after 3 years

Their team better wake up their idea. Else I think eventually they also close shop

With all these rubbish, I have to give them my SG portfolio. Haha! Boring

RM told me they rather take DBS group share than Apple share as collateral. Don’t know which dinosaur is heading their investment banking

 

[iduncheckmail]

Me. I’m currently moving entire hse into hsbc. US n SG trading is enuff for me . I’m v sure they gona outlast moomoo/tiger/webull etc . So 0.15% I’m ok with.
Heck even when it was $25 comms era , I still can trade profitably . 0.15% no min is more sufficient. Anyway of all the banks/cdp , this is relatively low .