HSBC Top Trader Club

1. What is the Top Trader Club?

The HSBC Top Trader Club is a pricing and loyalty programme that offers the opportunity to benefit from volume-based brokerage fees while earning 10% p.a. on your un-invested cash.

By joining the Top Trader Club, you'll enjoy simplified volume-based brokerage fees for all your trading in Hong Kong, China A and US Stocks. As you trade more each month, and move up Trading Tiers, your brokerage fees on future trades in the month will be discounted to as little as 0.01% (minimum HKD8 / RMB8 / USD1).

For example, after placing just 1 trade each month, you'll be rewarded with special deposit rates of 10% p.a. 

Depending on your monthly trading volume, you may prefer to remain in our standard pricing programme. For US stocks in particular, by opting in to the HSBC Top Trader Club your current tariff of USD18 for your first 1,000 shares + USD0.015 for additional shares will be replaced with the HSBC Top Trader Club pricing.

2. Can I opt out and leave the Top Trader Club?

You can opt out and leave the Top Trader Club any time.

Standard brokerage fees will apply to any trades executed after you opt out. By opting out, you'll also lose any existing or upcoming deposit rate rewards. If you subsequently decide to rejoin the Top Trader Club, your Trading Tier and accumulated volume will be reset to zero.

3. Does it cost money to opt in to Top Trader Club?

No, it doesn't cost anything. You won't be charged when you opt-in and there's no membership fee in joining our Top Trader Club. To enjoy the full benefits of the club, all you need to do is to trade.

4. How can I redeem my time deposit?

If you're eligible to place a time deposit in the current month (ie you've traded to a certain Trading Tier in the previous month), then you must redeem and place the time deposit directly via the exclusive link on the Top Trader Club page^*. We'll also send you an SMS or email to confirm the preferential interest rate and maximum time deposit amount at the start of the month.

*You can only place the preferential time deposit for the Top Trader Club through the HSBC HK app, HSBC HK Easy Invest app and Online Banking, and the time deposit must be placed during business hours of 8am to 8:30pm (HKT), Monday to Friday.

5. Will my investment amount on China A and US markets be accumulated into my 'Monthly Trading Amount (HKD)'?

Yes, the investments made on China A and US markets will be converted to HKD after execution when calculating the trading amount to determine your Trading Tier. The conversion rates may fluctuate and will be refreshed every 15 minutes.

1. What are the Trading Tiers?

The Trading Tiers define what club benefits you're eligible to receive and are based on your accumulated trading volume in each calendar month. Please refer to the Trading Tier table above for more details.

2. How will I know what Trading Tier I am in?

When you log on with the HSBC HK Easy Invest app, HSBC HK app and Online Banking select 'Top Trader Club', you'll be able to see what Trading Tier you're in via the trade meter and also the trading amount required to hit the next Trading Tier.

3. How are the Trading Tiers calculated?

Trading Tiers are calculated based on the cumulative value of orders executed in the calendar month. Discounted brokerage fees are calculated and applied based on the latest trade meter which correspond to the highest Trading Tier achieved at the time of execution. The trade meter and Trading Tier will be refreshed at least every 30 minutes.

4. I've reached a new Trading Tier, will my brokerage discount apply to all my historical trades, or will it just apply to trades made after reaching the new Tier?

The brokerage discount only applies to trades within the Trading Tier you're currently trading in. For instance, if you reach Tier 4, you'll enjoy 0.08% on all trades after hitting Tier 4. The 0.08% does not apply to the trades you have completed through Tiers 1 to 3.

5. Will the trades that I have conducted through margin trading HSBC's Securities Margin Trading Service be counted to the Trading Tier?

No. Any trades placed via HSBC's Securities Margin Trading Service will not count towards the Top Trader Club programme.

6. How about joint account handling?

If the principal account holder has opted-in to the Top Trader Club, any trades executed by the secondary account holder on that joint investment account will be counted towards determining the Trading Tier of the principal account holder. The relevant discounted brokerage fees will apply to all joint account holders once the principal account holder has reached a designated Trading Tier and depending on the Trading Tier of the principal account holder at the time of execution.

1. I traded on the last day of the current month, and the trade hasn’t settled until T+2 on the following month. Which month will that trade count towards?

We'll count the trade towards the Trading Tier at the time of execution. So if you've traded on the last day of the current calendar month and that order was executed successfully, it will be counted to the month in which you placed your trade.

2. When do I get to enjoy my discounted brokerage rates, minimum charges and deposit charge waivers?

Trading Tiers are applied based on monthly cumulative trading amount summed across all stocks, warrants and ETF shares across Hong Kong China A and US markets. This is calculated at the time of the trade. As such, the discounted brokerage fees and the related minimum charge and deposit charge waivers are calculated and applied based on the latest trade meter which correspond to the highest Trading Tier achieved at the time of execution. Please note the trade meter and Trading Tier will be refreshed in real time.

3. How long will it take my trading amount to show up on the HSBC HK Easy Invest app, HSBC HK app and Online Banking?

This is calculated at the time of the trade. However, the trade meter and Trading Tier will be refreshed at least every 30 minutes.

4. Which products will go towards my trading amount?

Listed stocks, warrants / CBBCs and ETFs across Hong Kong, China A and US markets.

5. Are there any transactions that are excluded from the Top Trader Club?

Yes, transactions made for initial public offerings and monthly investment plans for stocks any trade placed via HSBC's Securities Margin Trading Service will not count towards your trading amount.

6. If my trade takes me over into a new Trading Tier, what brokerage fee will I get?

The discounted brokerage fees are calculated and applied based on the latest Trading Tier at the time of execution. For example, if you placed an order and your order is executed when you're currently at Tier 3, your order will be charged with a brokerage fee of 0.18%. After executing that order, when the trade meter and Trading Tier are refreshed to Tier 4, you'll be able to enjoy the benefits of Tier 4, and the brokerage fee for all trades after will be 0.08%.

1. How will I know my eligible placement amount is each month?

If you're eligible to place a time deposit in the current month (i.e. you've traded to a certain Trading Tier in the previous month), then you must redeem and place the time deposit directly on the HSBC HK app, HSBC HK Easy Invest app and Online Banking via the exclusive link on the Top Trader Club page^*. We'll also send you an SMS or email to confirm the preferential interest rate and maximum time deposit amount at the start of the month.

You can place your time deposit anytime on any business day during the month.

*You may not place the preferential time deposit for the Top Trader Club in any other channels and must place the time deposit during business hours from 8am to 8:30pm (HKT), Monday to Friday.

2. Do I have to use new funds to be eligible for the preferential time deposit offer?

No. You can use existing funds.

3. Can I split the time deposit into different placement amounts?

No. You can only place one time deposit up to the maximum placement amount as per the Trading Tier you achieved at the end of the previous month.

4. Can I place the time deposit in other HSBC channels?

No. You must place the time deposit directly on the HSBC HK app, HSBC HK Easy Invest app and Online Banking via the exclusive link on the Top Trader Club page.

5. How do I enjoy my time deposit rewards?

Earn 10% p.a.¹ 1-month HKD time deposit rewards after just 1 trade each month. Redeem the time deposit rewards in the subsequent month using our HSBC HK APP or HSBC HK Easy Invest App in just a few steps:

Via HSBC HK APP: 

• Log on to your HSBC HK  App and go to 'Wealth' 
• Select 'Stock trading rewards', then select ‘HSBC Top Trader Club’ 
• In the ‘Special time deposit offer’ banner, click ‘Place now’ 
• Follow instruction to fill in the time deposit details 

Via HSBC Easy Invest App: 

• Log on to your HSBC HK Easy Invest App and go to 'Menu' on the left top corner
• Select 'HSBC Top Trader Club'
• Select 'Place a new time deposit now' in the blue banner
• Follow instruction to fill in the time deposit details

1. How can I enjoy the discounted margin lending rates?

Enjoy discounted margin lending rates after just 1 trade each month. Set up a Wealth Portfolio Lending facility to automatically benefit from the preferential margin trading rate as low as 1-month HIBOR+0% p.a.² You can set up the facility through HSBC HK App or HSBC Easy Invest App in just a few steps:

Via HSBC HK App: 

• Log on to your HSBC HK App and go to 'Wealth'  
• Find the 'Products and services' section, select 'View all', and choose 'Wealth Portfolio Lending'. 
• Read the information carefully and follow the instructions to complete the setup

Via HSBC HK Easy Invest App: 

• Log on to your HSBC HK Easy Invest App and go to 'Menu' on the left top corner
• Select 'Wealth Portfolio lending'
• Read the information carefully and follow the instructions to complete the setup

1. What is HSBC Global Research?

Customers can access in-depth analysis with ratings and target prices on over 500 HK and US stocks including HK Blue Chips and US Big 7 Tech companies such as TSLA, GOOGL, AAPL and MSFT written by expert analysts from HSBC Global Research⁴.

2. How to access HSBC Global Research?

You can access HSBC Global Research through HSBC HK Easy Invest App in just a few simple steps:

• Log on to your HSBC HK Easy Invest app and select 'Market' tab in the bottom navigation bar.
• Switch category to 'HSBC Global Research'
• If you're a first time user, select 'Go to Customer declaration for HSBC Global Research'
• Read the declaration details carefully, then select 'Confirm'
• You can now view latest target price and ratings for stocks covered under HSBC Global Research