Business
License
HSBC Securities offers a self-directed brokerage account, which allows investors to manage their own investments without the need for a financial advisor. This account provides access to a variety of investment options, including equities, ETFs, and mutual funds. Investors have complete control over their investment decisions, making it suitable for those who prefer a hands-on approach. However, it is important to note that this account does not currently support margin trading or options trading.
Opening a self-directed brokerage account with HSBC Securities involves the following steps:
Eligibility: You must be an existing HSBC Bank Premier customer with online banking access. You need to certify that you are a full-time legal resident of the U.S. and not located outside the United States during the application process.
Complete the Application: The application can be completed online. You will need to provide personal information including your social security number, employment details, and investment experience.
Fund the Account: After your application is approved, you will need to deposit money into the account. This can typically be done through a bank transfer, check, or rollover from another account.
Start Investing: Once your account is funded, you can begin buying and selling investments. It's important to remember that you will be responsible for all investment decisions and transactions.
Account Management: As a self-directed investor, you will not receive investment advice from HSBC Securities. You can manage your investments directly through their online platform.
For additional information, visit HSBC Securities Self-Directed Brokerage FAQs.