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HSBC Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.security..., the company's legitimate regulatory information Hong KongSFCDealing in futures contracts, MalaysiaLFSAMarket Maker (MM), AustraliaASICMarket Maker (MM) to enhance the security of the company's address Level 11(B1), Main OFFice Tower, Financial Park CoMplex, Jalan Merdeka, 87000 Labuan F.T.

HSBC Forex Broker

Basic Information

Registered Region

Hong Kong

Operating Period

Company Name

The Hongkong and Shanghai Banking Corporation Limited

Abbreviation

HSBC

Company employee

Contact Number

+85222333322

Company Website

https://www.hsbc.com.hk/

Company Address

Level 11(B1), Main OFFice Tower, Financial Park CoMplex, Jalan Merdeka, 87000 Labuan F.T.

Keywords

15-20 years

Regulated in Hong Kong

Regulated in Malaysia

Dealing in futures contracts

Market Maker (MM)

Global Business

Company profile

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.

HSBC broker review

Is HSBC safe or scam

Rating Index

Pros

Regulated by multiple financial authorities, providing a level of security and oversight.

Established reputation as a long-standing financial institution with global reach.

Offers a comprehensive range of financial services, including wealth management and investment solutions.

Cons

Limited transparency regarding specific trading conditions, account types, and fee structures.

Customer service may experience long waiting times and mixed feedback regarding responsiveness.

Lack of support for advanced trading features such as automated trading and cryptocurrency trading.

How to login to HSBC?

HSBC Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the processes of registering for an HSBC account, opening that account, and logging in to manage your banking needs. Whether you are a new customer or looking to understand

HSBC Forex Broker - Comprehensive Information Guide

1. Overview of the Broker

HSBC, officially known as the Hong Kong and Shanghai Banking Corporation Limited, was established in 1865. The bank's headquarters is located in London, United Kingdom, with significant operations in Hong Kong and various other global locations. As one of the world's largest banking and financial services organizations, HSBC operates as a publicly traded company, listed on the London Stock Exchange.

HSBC serves a diverse clientele, including retail customers, corporations, and institutional investors. The bank has established itself as a prominent player in the global financial market, offering a wide range of services, including wealth management, investment banking, and forex trading. Over the years, HSBC has achieved several milestones, including its expansion into various international markets and its commitment to sustainable finance.

The business model of HSBC encompasses retail forex services, institutional services, and wealth management solutions, catering to a broad spectrum of clients. As a well-established bank, HSBC leverages its extensive network and financial expertise to provide comprehensive trading solutions for its customers.

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2. Regulatory and Compliance Information

HSBC operates under the oversight of multiple regulatory authorities, ensuring compliance with financial regulations across various jurisdictions. The primary regulatory bodies governing HSBC's operations include:

Securities and Futures Commission (SFC) of Hong Kong
Australian Securities and Investments Commission (ASIC)
Labuan Financial Services Authority (LFSA)

Each regulatory body issues specific licenses to HSBC, which are crucial for maintaining operational integrity. For instance, the SFC oversees HSBC's activities related to securities and futures trading in Hong Kong, while ASIC regulates its operations in Australia.

HSBC's regulatory licenses are valid as long as the bank adheres to the stipulated compliance requirements. The bank implements stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to protect client interests and prevent financial crimes. Client funds are kept in segregated accounts, ensuring that they remain protected in the event of financial difficulties faced by the bank.

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3. Trading Products and Services

HSBC offers a diverse range of trading products and services, catering to both retail and institutional clients. The forex broker provides access to a wide array of currency pairs, including major, minor, and exotic pairs. Specifically, HSBC supports over 109 currency pairs, allowing traders to capitalize on global market movements.

In addition to forex trading, HSBC provides Contracts for Difference (CFDs) across various asset classes, including:

Indices
Commodities
Stocks
Cryptocurrencies

The range of products is regularly updated to include new offerings, reflecting market trends and client demands. HSBC also provides retail trading services, enabling individual investors to access financial markets conveniently. For institutional clients, the bank offers tailored services, including white-label solutions and asset management.

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4. Trading Platforms and Technology

HSBC supports the widely popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are favored by many traders for their advanced functionality and user-friendly interfaces. The bank also offers a proprietary trading platform designed to cater to the needs of its clients.

In addition to desktop trading, HSBC provides a web-based trading platform and mobile applications that support both iOS and Android devices. This flexibility allows traders to manage their accounts and execute trades on the go.

HSBC employs a Straight Through Processing (STP) execution model, ensuring that trades are executed quickly and efficiently. The bank's technical infrastructure is robust, featuring state-of-the-art servers located in key financial hubs to enhance trading performance. Furthermore, HSBC facilitates API access for automated trading solutions, enabling algorithmic traders to connect seamlessly with the trading platform.

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5. Account Types and Trading Conditions

HSBC offers various account types to meet the needs of different traders. The standard account conditions include:

Minimum Deposit: $250
Spreads: Competitive spreads depending on market conditions
Commission: Varies based on account type and trading volume

For more experienced traders, HSBC provides advanced account types, including VIP and professional accounts, which offer enhanced trading conditions and lower fees. The bank also accommodates special account types, such as Islamic accounts, to cater to diverse client needs.

Traders can utilize leverage ratios that vary by asset class, allowing them to amplify their trading potential. The minimum trade size is typically set at 0.01 lots, and overnight fees are applicable based on the positions held.

6. Funds Management

HSBC supports multiple deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies by account type, with a standard minimum of $250 for retail accounts.

Deposits are processed promptly, typically within one business day. While HSBC does not charge fees for deposits, some bank transfer methods may incur charges from the originating bank.

Withdrawals can be made via similar methods, and HSBC ensures that the process is efficient, with withdrawal requests generally processed within two to seven business days depending on the method used. The bank does not impose withdrawal fees, making it convenient for clients to access their funds.

7. Customer Support and Educational Resources

HSBC provides comprehensive customer support through various channels, including telephone, email, live chat, and social media. The support team is available during business hours, ensuring that clients receive timely assistance.

The bank supports multiple languages, reflecting its global presence. Additionally, HSBC offers a range of educational resources, including webinars, tutorials, and e-books, to help traders enhance their knowledge and skills.

Market analysis services are also available, providing clients with daily insights, news updates, and research reports to inform their trading decisions. The bank equips traders with essential tools such as calculators, economic calendars, and trading signals to aid in their trading activities.

8. Regional Coverage and Restrictions

HSBC operates in numerous markets worldwide, with a significant presence in regions such as Asia, Europe, and North America. The bank has offices in various countries, enabling it to cater to a global clientele.

However, there are certain countries where HSBC does not accept clients, including Brazil, South Korea, Iran, Iraq, Syria, Japan, and the United States. These restrictions are typically due to regulatory compliance requirements and local laws.

In summary, HSBC is a well-established forex broker that offers a wide range of trading products and services, underpinned by strong regulatory oversight and a commitment to customer support. With its extensive global reach and comprehensive financial services, HSBC is positioned to meet the diverse needs of its clients across various markets.

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