HSBC Online Share Trading
Learn about how you can use the HSBC Online Share Trading Account to help you trade more effectively.
Founded in 1865, HSBC was established to finance trade between Asia and the West. It is now one of the world's largest banking organisation. The bank launched the HSBC Online Share Trading service with Bell Direct for Australian customers in 2012 after a six-year absence in the industry. This service is well-regarded for its cost-effectiveness and seamless technology integrations.
Exchange traded options
|Product name||HSBC Online Share Trading|
|Type of broker||
Exchange traded options
|Standard brokerage fee for ASX shares||$19.95|
HSBC Online Share Trading Review
How does HSBC Online Share Trading work?
HSBC Online Share Trading charges as low as $19.95 for you to start trading. The online trading platform comes with market insights and real-time trade funding direct from your HSBC transaction account.
The platform provides live market charts which enable customers to make better trading decisions. It also offers complimentary access to research and consensus recommendations in the one interface. You can execute trades on your computer or laptop, smartphone or tablets. The market analysis and company news on the platform are supplied by the Australian News Bites, the Australian Securities Exchange and Bell Potter Securities.
What are the features of the HSBC Online Share Trading Account?
Complimentary share trade report
Get help for your end-of-year account-keeping by using the share trade report feature on the HSBC share trading platform. It gives you access to your share account summary, holdings valuation, cash account summary, transaction summary and estimated dividend summary.
This is a tool which translates market movement into an easy-to-understand chart. It lets you choose between viewing an index, a sector, the whole market, or your own portfolio.
Most share trading platforms only give you access to their own interpretation of research, but the HSBC platform lets you view broker research from Bell Potter directly. This access is normally only available to full broker service clients.
While charting tools are usually offered by majority of share trading companies, HSBC has implemented advanced features. You can view ASX listed securities, a wide variety of sectors and compare stocks and indexes. 32 indicators such as moving averages, relative strength index and Bollinger Bands are available.
Follow what company directors are doing
You can monitor the buying and selling habits of directors in their own companies in real time. You can follow their movements to see which shares are gaining the most interest among company directors.
See what major shareholders are doing
HSBC allow you to find out who's buying and who's selling large holdings. This can give you an idea of which stocks are on the up and which ones are on their way down. The platform lets you search by date, stock code, or all security codes for the current day.
If you would rather follow consensus recommendations from market researchers, the buy/sell recommendation feature might be useful. It lets you see all stock recommendations such as sell, underperforming, hold, buy, or strong buy.Back to top
What are the different types of HSBC Online Share Trading products?
The Silver package is a more affordable way to get into online share trading. There's no ongoing monthly cost to get this service. The downside is that the ASX quotes, market depth and watch screens that you see are delayed by 20 minutes. The charting on your screen is also static. This package is ideal if you simply want to place a trade for investment.
The Gold package offers a more up-to-date experience compared to the Silver package. It comes with live ASX quotes, market depth, watch screens and charting. It could be a good package for frequent traders who want to see the performance of the market and their portfolio live. The fee for this service is $10 a month.
The WebIRESS service is fully integrated into your HSBC Online Share Trading account for seamless transactions. If you take advantage of this package, you also get access to complimentary Gold access. All ASX quotes, market depth, news and announcements and watch screens is live and dynamic. The fee for this service is $79 a month.
What are the Pros and cons of the HSBC Online Share Trading Account
- Low brokerage fee. HSBC has one of the lowest market brokerage charges in the market. It charges $19.95 per trade up to the value of $20,000. If the trade exceeds $20,000, a 0.11% trade fee will be applied.
- Direct link to HSBC transaction account. This direct link to the share trading service allows customers to have a clear overview of their financial position.
- Basic Australian equity offerings. At this point, the platform doesn't offer international stocks, CFDs, or linked margin-loan facility.
- No frequent trader discount. With no frequent trader discount, active traders end up paying the full price for every trade they initiate on the HSBC platform.