Founded in 1865, HSBC was established to finance trade between Asia and the West. It is now one of the world's largest banking organisations. The bank launched the HSBC Online Share Trading service with Bell Direct for Australian customers in 2012 after a 6-year absence in the industry. This service is well-regarded for its cost-effectiveness and seamless technology integrations.
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HSBC Online Share Trading
- Standard brokerage fee
- $19.95
- Available markets
- ASX
- Support
- Phone, Email, Live chat
Our verdict
Learn about how you can use the HSBC Online Share Trading account to help you trade more effectively.
HSBC greatly appeals to the right type of investor. It has strong trading tools and educational resources and can even help you at tax time with some of its reporting features.
And while you're at it, HSBC is relatively cheap on investments of up to $20,000, charging $19.95 in brokerage.
While it tries to help newer investors through its video series, it might not appeal to those who are just starting out as its brokerage fees become less competitive if you're on the smaller end of the market. If you're trading $500 at a time, there are cheaper options available.
Pros
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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.
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Live data for gold and platinum members.
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Access to educational videos and stock market research through HSBC.
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Access to trading tools for creating ideas, plus live news, announcements and quotas for your portfolio.
Cons
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Basic Australian equity offerings. At this point, the platform doesn't offer international stocks or CFDs.
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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.
Details
Platform details
| Type of broker | Online only |
| ASX products | Shares, Exchange traded options, mFunds |
| Available markets | ASX |
| Standard brokerage fee | $19.95 |
| Support | Phone, Email, Live chat |
| More Info |
How does HSBC Online Share Trading work?
HSBC Online Share Trading charges as low as 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 that enable customers to make better trading decisions. It also offers complimentary access to research and consensus recommendations in a single interface. You can execute trades on your computer or laptop, smartphone or tablet. The Australian News Bites, the Australian Securities Exchange and Bell Potter Securities supply the market analysis and company news on the platform.
What can you trade on the HSBC Online Share Trading platform?
The HSBC share trading platform allows you to trade the following asset classes:
- ASX shares
- Exchange-traded funds (ETFs)
- Managed funds (mFunds)
- Bonds
- Options
- Warrants
However, you will not be able to trade products such as CFDs through the broker.
What are the features of the HSBC Online Share Trading account?
| Fees |
★★★★★ 3.6/5 |
|
| Trading tools |
★★★★★ 2.4/5 |
|
| Research and education |
★★★★★ 5/5 |
|
| Available securities |
★★★★★ 3/5 |
|
| Customer support |
★★★★★ 3/5 |
|
| Available countries |
★★★★★ 1.5/5 |
It only offers Australian-listed shares and ETFs. |
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.
Market map
This tool 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.
Broker research
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.
Advanced charting
While the majority of share trading companies offer charting tools, 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 allows 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.
Recommendations
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.
What types of market data does HSBC provide?
HSBC offers 4 tiers of market data at various price points:
Silver
Silver is the basic data account and is included for free with all HSBC trading accounts. Market data is delayed by 20 minutes and the charting on your screen is also static. This package is ideal if you simply want to place a trade for investment.
Gold
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 require live data to manage their portfolio and trades. The fee for this service is $10 a month.
Platinum
For $27.50 a month, you can get dynamic market data on the Platinum tier service. It can also be bundled with the ViewPoint service explained below.
ViewPoint
The ViewPoint service is fully integrated into your HSBC Online Share Trading account for seamless transactions.
All ASX quotes, market depth, news and announcements and watch screens are live and dynamic. The fee for this service is $79 a month.
Frequently asked questions
This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.
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