The Hongkong and Shanghai Banking Corporation Limited
Intro
About this product
A brokerage account from The Hongkong and Shanghai Banking Corporation Limited. You can trade HK stocks and ETFs — up to 70% advance ratio · US stocks and ETFs — up to 70% advance ratio. Commissions run at 3.8% · 2.6% · 0% · 1.0% · 0.80% (for example HK · Margin lending standard rate — 1-month HIBOR+1.2% p.a. · 3.8%). The platform fee is HK$165 (per returned cheque / rejected autopay payment due to insufficient funds (each occasion); no annual fee, late payment fee or overlimit handling fee, and no service fee or service charge for the current WPL margin trading service). The custody fee is HK$25 (per month — applies only to legacy Securities Margin Trading Service (SMTS) accounts with suffix -388; new SMTS applications discontinued from 29 September 2025). Opening requirements: Applicant must be an HSBC Premier Elite or Premier customer to apply for Wealth Portfolio Lending (the current margin trading service).
Fit
Who it suits
Investors who want US market access
Hong Kong stock investors
Cost-conscious traders looking for zero-commission trades
Key facts
Key facts
Markets & regulation
Markets
HK stocks and ETFs — up to 70% advance ratio · US stocks and ETFs — up to 70% advance ratio
Regulator
To be verified
Trading fees
Commission
3.8% · 2.6% · 0% · 1.0% · 0.80%
platform fee HK$165 · per returned cheque / rejected autopay payment due to insufficient funds (each occasion); no annual fee, late payment fee or overlimit handling fee, and no service fee or service charge for the current WPL margin trading service
custody fee HK$25 · per month — applies only to legacy Securities Margin Trading Service (SMTS) accounts with suffix -388; new SMTS applications discontinued from 29 September 2025
MarketScopeCharge
HKMargin lending standard rate — 1-month HIBOR+1.2% p.a.3.8%
HKMargin lending Top Trader Club member rate — 1-month HIBOR+0% p.a. (the parallel member rate is 1-month HIBOR+0.7% p.a.)2.6%
HKFirst HKD10,000 of margin trading — zero interest0%
HKMargin loan utilisation tier — the portion above HK$1,000,000 and up to HK$3,000,000: 1-month HIBOR+1.0% p.a. (WPL Key Facts Statement)1.0%
Applicant must be an HSBC Premier Elite or Premier customer to apply for Wealth Portfolio Lending (the current margin trading service)
HSBC Premier Elite requires a Total Relationship Balance (TRB) of at least HKD7.8 million in Hong Kong; HSBC Premier requires at least HKD1 million, and a Below Balance Fee of HKD380 per month applies if TRB falls below HKD1 million
An HSBC investment account is required; it can be opened in the HSBC HK App, and margin trading is activated through Wealth Portfolio Lending in the app
The legacy Securities Margin Trading Service (SMTS, account suffix -388) stopped accepting new account applications from 29 September 2025
The Hongkong and Shanghai Banking Corporation Limited