HSBC Forex Broker

HSBC Review SummaryFounded1865Registered Country/RegionHong KongRegulationSFC, LFSA, ASIC (Unverified)ProductsShares, trusts, bonds/certificates of deposit (CDs), structured products, warrants & CBBCs, IPOs, gold, ESG and sustainable investing, etc.ServicesBanking, investment, lending, credit cards, wealth management, and insuranceTrading PlatformHSBC HK App, HSBC Reward+, HSBC HK Easy Invest, PayMe by HSBC, HSBC HK App - Lite ModeCustomer Support24/7 support, live chatTel: +85222333322Address: Level 11(B1), Main OFFice Tower, Financial Park CoMplex, Jalan Merdeka, 87000 Labuan F.T.HSBC Information HSBC (HSBC) is a well-known financial institution registered in Hong Kong, regulated by the Securities and Futures Commission (SFC) of Hong Kong and the Labuan Financial Services Authority (LFSA) of Malaysia, among others. It offers a comprehensive range of financial services, including banking, investment, lending, credit cards, wealth management, and insurance. In addition, HSBC is committed to supporting environmental, social and governance (ESG) and sustainable investments, providing customers with a wide range of investment options and convenient mobility solutions.Pros and ConsProsConsLong historyUnverified ASIC licenseRegulated by SFC and LFSAComplex fee structureVarious products and servicesLive chat supportIs HSBC Legit? HSBC is regulated in a number of countries and regions, including Hong Kong, the Labuan region of Malaysia, and Australia. In Hong Kong, HSBC holds an AAA523 license for trading futures contracts, which is regulated by the Hong Kong Securities and Futures Commission (SFC). In Labuan, HSBC is regulated by the Labuan Financial Services Authority (LFSA) as a Market Maker (MM), but the license number is not disclosed. However, the license regulated by the Australian Securities and Investments Commission (ASIC) is unverified.Regulated CountryRegulated AuthorityRegulatory StatusRegulated EntityLicense TypeLicense NumberSecurities and Futures Commission of Hong Kong (SFC)RegulatedHongkong and Shanghai Banking Corporation LimitedDealing in futures contractsAAA523Labuan Financial Services Authority (LFSA)RegulatedHongkong and Shanghai Banking Corporation LimitedMarket Maker (MM)UnreleasedAustralia Securities & Investment Commission (ASIC)UnverifiedHSBC BANK AUSTRALIA LIMITEDMarket Maker (MM)232595What Can I Trade on HSBC? HSBC offers a full range of trading products, including shares, trusts, bonds/certificates of deposit (CDs), structured products, warrants & CBBCs, IPOs, gold, ESG and sustainable investing, etc.Trading ProductsSupportedShares✔Trusts✔Bonds/CDs✔Structured products✔Warrants & CBBCs✔IPOs✔Gold✔ESG✔Forex❌Commodities❌Indices❌Cryptocurrencies❌Options❌ETFs❌Account Type HSBC offers an all-in-one account. All-in-one integrated bank account for deposits, credit cards, investments, insurance, and more.HSBC Fees Commission: Commission-free, HSBC will not charge commission to the client. HSBC offers a wide range of financial services across a wide range of sectors, including credit cards, loans, excessive overdrafts, investments, and life insurance. For more information, please click: https://www.hsbc.com.hk/fees/ServiceFees & ChargesCredit CardsOctopus Automatic Add Value Service (AAVS)The first time you apply for this service is free of charge. A processing fee of HKD20 will be charged for the transfer or reactivation of the AAVS service from another bank.LoansLate ChargePersonal Instalment Loans2.25% per month calculated daily for amounts in arrears, plus HKD400 on each instalment due to insufficient fundsPersonal Tax LoanRevolving Credit Facility8% flat on payment in arrears (minimum HKD100, maximum HKD200) plus the Prevailing RateOverdraftsService FeePersonal OverdraftAnnual Fee: 1% of the overdraft limit per annum (Minimum: HKD200, Maximum: HKD700)HSBC One and Personal Integrated Account - Clean CreditMonthly Fee: Pro-rated on HKD50 based on utilisation % of the credit limit in the previous month, maximum HKD50HSBC Premier - Clean CreditInsuranceIf the customer surrenders the policy before the end of the policy term, the customer may get back less than the amount paid.Trading PlatformTrading PlatformSupportedAvailable DevicesHSBC HK App✔MobileHSBC Reward+✔MobileHSBC HK Easy Invest✔MobilePayMe by HSBC✔MobileHSBC HK App - Lite Mode✔MobileDeposit and Withdrawal HSBC offers fast transfers via the Faster Payment System (FPS). In addition, users can scan a QR code to send or receive money via the HSBC HK Mobile Banking app, or for local transfers in USD and EUR, real-time full settlement (RTGS) via account number.