HSBC Trade25: Your ticket to $0 commission trading

$0 commission at Hong Kong's best broker¹

HSBC Trade25 is designed especially for the next generation of stock traders aged 18-25. For just HKD25 a month, join and you'll get:

$0 commission on HK, US and China A shares
$0 platform fees
Free access to our Trade25 Academy to level up your stock trading knowledge

Join HSBC Trade25 on your HSBC HK Easy Invest app.

Let's get you started Redirect to sign-up section

Just the price of one bubble tea, that's all you need

HKD25 per month

You will only be charged this monthly fee when you trade or hold stocks with us.

$0 commission

Trade stocks commission-free on up to HKD250,000 monthly trading turnover. No hidden platform fees.

Trade25 Academy

Explore our exclusive Trade25 Academy and get to know your way around stock trading.

Upfront pricing, no hidden fees
Monthly trading turnover	Monthly fee²	Commission fees for HK stocks	Commission fees for US stocks	Commission fees for China A shares
Less than HKD250,000	HKD25	HKD0	USD0	RMB0
HKD250,000 or above	HKD25	0.25% brokerage fee min HKD100	USD18 for first 1,000 share USD18 + USD0.015 per share (above 1,000 shares)	0.25% brokerage fee min RMB100

Upfront pricing, no hidden fees
Monthly trading turnover	Less than HKD250,000
Monthly fee²	HKD25
Commission fees for HK stocks	HKD0
Commission fees for US stocks	USD0
Commission fees for China A shares	RMB0

Monthly trading turnover	HKD250,000 or above
Monthly fee²	HKD25
Commission fees for HK stocks	0.25% brokerage fee min HKD100
Commission fees for US stocks	USD18 for first 1,000 share USD18 + USD0.015 per share (above 1,000 shares)
Commission fees for China A shares	0.25% brokerage fee min RMB100

You won't be charged HKD25 if you do not trade or hold stocks with us in the respective month.

See illustrative example

Brokerage fees are applied based on the latest monthly trading amount at the time of execution. Please take a look at out HSBC Trade25 conditons and our product factsheets at <https://www.hsbc.com.hk/en-hk/investments/products/stocks/trade25/>

Lower trading costs than other Hong Kong brokers

Trade25 offers $0 commission stock trading, with none of the hidden fees that many other brokers charge. Even if you make multiple trades within the month, all you pay is HKD25 as long as your monthly trading turnover does not exceed HKD250,000. However, please note other regulatory fees apply² as well.

Breaking it down

If you make 10 Hong Kong stock trades within the month, this would only cost HKD25 with Trade25.

At selected brokers which charge you a HKD15 platform fee per trade, it will cost at least HKD150 per month.
HSBC Trade25	Broker 1	Broker 2
Brokerage fee per trade: HKD0 Platform fee per trade: HKD0 Total fee if you trade 10 times per month: HKD25	Brokerage fee per trade: 0.03% (min HKD3) Platform fee per trade: HKD15 Total fee if you trade 10 times per month = HKD180 minimum You save at least HKD155 per month with Trade25	Brokerage fee per trade: 0.08% (min HKD18) Platform fee per trade: HKD0 Total fee if you trade 10 times per month = HKD180 minimum You save at least HKD155 per month with Trade25

If you make 10 Hong Kong stock trades within the month, this would only cost HKD25 with Trade25.

At selected brokers which charge you a HKD15 platform fee per trade, it will cost at least HKD150 per month.
HSBC Trade25	Brokerage fee per trade: HKD0 Platform fee per trade: HKD0 Total fee if you trade 10 times per month: HKD25
Broker 1	Brokerage fee per trade: 0.03% (min HKD3) Platform fee per trade: HKD15 Total fee if you trade 10 times per month = HKD180 minimum You save at least HKD155 per month with Trade25
Broker 2	Brokerage fee per trade: 0.08% (min HKD18) Platform fee per trade: HKD0 Total fee if you trade 10 times per month = HKD180 minimum You save at least HKD155 per month with Trade25

Trade anywhere you go with our dynamic stock trading platform

Invest in Hong Kong, US and China A stock markets with the HSBC HK Easy Invest app or using online banking, and you'll have the tools you need to help you make smarter investment decisions:

Place an order directly from the bid/ask queue or interactive chart
Receive push notifications when important events happen in the market or to stocks in your portfolio
Read trend-spotting indicators such as Moving Average Convergence / Divergence (MACD) and Relative Strength Index (RSI)
Subscribe to an IPO with $0 handling fee

Start trading with $0 commission fees in just 3 simple steps

If you're 18 to 25 years old and already have an HSBC investment account, you can sign up for HSBC Trade25 in a matter of minutes:

Download the HSBC HK Easy Invest app
Open the app, select 'Menu' and then tap on 'Trade25' to apply
That's it! Start trading right away, commission free

Open your investment account in just 6 steps:

Log on to mobile banking and open the 'Investment' tab
Choose 'Check my eligibility' to see if you can open an account
Review your details and choose a settlement account to fund your investments
Submit a valid proof of address, and a consent form if needed
Take our short questionnaire to determine your financial knowledge
Review our terms and conditions then submit your application

Got a question about HSBC Trade25? Read our FAQs for more details

Can I join HSBC Trade25?

You can join HSBC Trade25 if you're aged 18 to 25 and would like to start a new investment journey. At HSBC Trade25, we're committed to help young millennials like you build your wealth and a healthy diversified portfolio. Check out our Trade25 Academy and get to know your way around stock trading.
How does a joint account work with HSBC Trade25?

If you join HSBC Trade25 with a joint investment account, both the principal and secondary account holders will enjoy zero brokerage fees for trading under HKD250,000 every month. All trades made will count towards the principal account holder's trading amount. When the monthly trading amount exceeds HKD250,000, all joint account holders will need to pay the standard brokerage fees for further trades.

For example, customer A has a sole investment account and joins HSBC Trade25 using a joint investment account. Customer B is the secondary account holder of the joint account. In this case, all trades made by either one of them holding the joint account will count towards the trading amount of customer A, as well as customer A's trades made under the sole account. Both of them won't need to pay any brokerage fees if the trading amount stays under HKD250,000. Once it reaches HKD250,000, both customers A and B will need to pay the standard brokerage fees for any further trades made under the joint account. Customer A will also need to pay the fees for further trades made under the sole account.
Can I join the HSBC Top Trader Club and HSBC Trade25 at the same time?

No, you can't join both the HSBC Top Trader Club and HSBC Trade25 at once. If you're currently in the HSBC Top Trader Club, you have to opt out of it first in order to join HSBC Trade25.
What happens if I opt out of HSBC Trade25?

Upon opting out, you'll need to pay for any trades you make through the HSBC HK Mobile Banking app, HSBC HK Easy Invest app and HSBC Online Banking according to our standard tariff. The pricing will be 0.25% on Hong Kong stocks and China A shares, and USD18 for your first 1,000 shares and USD0.015 for additional shares on US stocks. For more details, please refer to our product factsheets.
Do I need to pay penalty fees if I opt out from HSBC Trade25?

No, you don't have to pay any penalty fee if you opt out from HSBC Trade25.
What happens when I turn 26?

We're working to extend Trade25 for customers already joined and turning 26. For now, if you reach 26 after joining Trade25, you can continue to enjoy the benefits. We'll notify you in advance if you can't stay in Trade25 anymore.

Why do I need to pay HKD25 every month?

You'll need to pay HKD25 every month to hold or trade stocks with us. With this small fee every month, we'll provide you a convenient and secure stock trading experience, with easy access to Hong Kong and US stocks, and China A shares.
When do I need to pay the HKD25?

You'll need to pay HKD25 every month for each of your accounts which trades or holds stocks with HSBC Trade25 in the 1-month period on or before the 1st of the following month.

The fee is due and payable on or before the 20th of the following month on a day determined by HSBC from time to time. If that day falls on the 1st of the month and is not a business day, the fee may be collected on the business day which immediately precedes that day, subject to HSBC's decision. The fee is payable upon closure of accounts where the account is closed before the above payment dates.
Do I need to pay the HKD25 if I don't trade any stocks in a month?

You'll need to pay HKD25 every month for either trading or holding stocks with HSBC Trade25. Even when you don't trade any stocks in a month, you'll still be charged HKD25 if you have stock holdings in your account.

If you don't trade or hold stocks with HSBC Trade25 within a month, you won't need to pay the HKD25.
Do I need to pay any regulatory fees?

Yes, you'll need to pay regulatory fees when trading Hong Kong and US stocks or China A shares.

Refer to the product factsheets for Hong Kong and US stocks, and China A shares, and the HSBC Trade25 terms and conditions on our website for more details.
Can I view these regulatory fees on my contract notes?

Yes, you can check out regulatory fees on your contract notes via mobile banking or online banking.

Refer to the product factsheets for Hong Kong and US stocks, and China A shares on our website for more details.
Are there any hidden fees?

By paying just HKD25 every month, you can trade stocks without any hidden platform fees.

What does my monthly trading amount cover?

Your monthly trading amount covers all of your trades across Hong Kong stocks including ETFs, warrants and CBBCs, US stocks and China A shares in a month. Only trades on the HSBC HK Mobile Banking app, HSBC HK Easy Invest app or HSBC Online Banking count.

You don't need to pay any brokerage fees when trading as long as your monthly trading amount stays under HKD250,000.
Are initial public offering (IPO) subscriptions, Stocks Monthly Investment Plan (SMIP) transactions and margin trading counted towards my trading amount?

No, your trading amount of each month doesn't include IPO and SMIP transactions, and the investments made via HSBC's Securities Margin Trading Service.
What if I trade more than HKD250,000 in a month?

You'll need to pay standard brokerage fees. Please refer to the product factsheets for Trade25 for details. You can keep track of your trading amount of each month on the Trade25 home page on the HSBC HK Easy Invest app which refreshes at least every 15 minutes.

Here is an illustrative example:
Trading date	Transaction details	Cumulative monthly trading amount	Brokerage fees for this trade
04 Sep	Buy HKD40,000 Hong Kong stocks	HKD40,000	$0
10 Sep	Sell HKD60,000 Hong Kong stocks	HKD100,000	$0
12 Sep	Buy HKD30,000 US stocks	HKD130,000	$0
16 Sep	Buy HKD50,000 China A shares	HKD180,000	$0
20 Sep	Sell HKD80,000 US stocks	HKD260,000	$0
26 Sep	Buy HKD30,000 Hong Kong stocks	HKD290,000	0.25% min HKD100
28 Sep	Buy HKD20,000 US stocks	HKD310,000	USD18 for the first 1,000 shares

Here is an illustrative example:
Trading date	04 Sep
Transaction details	Buy HKD40,000 Hong Kong stocks
Cumulative monthly trading amount	HKD40,000
Brokerage fees for this trade	$0

Trading date	10 Sep
Transaction details	Sell HKD60,000 Hong Kong stocks
Cumulative monthly trading amount	HKD100,000
Brokerage fees for this trade	$0

Trading date	12 Sep
Transaction details	Buy HKD30,000 US stocks
Cumulative monthly trading amount	HKD130,000
Brokerage fees for this trade	$0

Trading date	16 Sep
Transaction details	Buy HKD50,000 China A shares
Cumulative monthly trading amount	HKD180,000
Brokerage fees for this trade	$0

Trading date	20 Sep
Transaction details	Sell HKD80,000 US stocks
Cumulative monthly trading amount	HKD260,000
Brokerage fees for this trade	$0

Trading date	26 Sep
Transaction details	Buy HKD30,000 Hong Kong stocks
Cumulative monthly trading amount	HKD290,000
Brokerage fees for this trade	0.25% min HKD100

Trading date	28 Sep
Transaction details	Buy HKD20,000 US stocks
Cumulative monthly trading amount	HKD310,000
Brokerage fees for this trade	USD18 for the first 1,000 shares

All transactions in US stocks and China A shares are converted to HKD, equivalent to their respective currencies.

4. Is my trading amount reset each month?

Yes, your trading amount is reset to zero on the first day of each month. If you opt out of HSBC Trade25 and opt back in later in the same month, your monthly trading amount will be the same as when you opted out.

5. If I trade on the last day of a month, does it count towards my trading amount of that month or the following month?

We count your trades at the time when your orders are executed. If you successfully execute a trade order on the last day of a month, it counts towards the trading amount of that month.

I'm new to stock trading. How can I learn more about it?

The Trade25 Academy provides free education modules to show you the basics, so you can learn more about stock trading.

Get started with 'Stock trading 101' to learn about the basics of stock trading. Next, check out 'Be an intelligent investor', at which point you'll get more familiar with how to read charts and use tools when making investment decisions.

If you already have some investment experience, 'Into the investment world' is just the right thing for you, where you can explore more about stocks and other investment products.
Will there be more content in the future?

Stay tuned to Trade25 Academy for new content.

Additional information

¹ Finance Asia awarded HSBC as "HK Best Broker" in 2019

HSBC won top prize for Securities Company of the Year at the Bloomberg Businessweek - Financial Institution Awards 2020.
HSBC won top prize for Brokerage Service at the Bloomberg Businessweek - Financial Institution Awards 2020 and 2021 for two consecutive years.

² There are also other regulatory fees collected by the regulators when you trade. Please take a look at out HSBC Trade25 conditons and our product factsheets at <https://www.hsbc.com.hk/en-hk/investments/products/stocks/trade25/>

Stocks may be considered as part of a healthy, diversified portfolio.

Investment involves risk. You should carefully consider whether any investment products or services mentioned herein are appropriate for you in view of your investment experience, objectives, financial resources and relevant circumstances. The price of stocks may move up or down. Losses may be incurred as well as profits made as a result of buying and selling stocks. Frequent trading in stocks will incur greater fees, in terms of brokerage and associated trading costs, notwithstanding the offer of preferential rates, and this may impact your investment returns from trading. The information above is neither a recommendation, an offer to sell, no solicitation of an offer to purchase any investment. The Bank does not provide investment advice.

The screen displays and the images of the website are for reference and illustration purposes only.

Stocks may be considered as part of a healthy, diversified portfolio.

The screen displays and the images of the website are for reference and illustration purposes only.

The HSBC HK Easy Invest App ("Easy Invest") and the contents of this material/correspondence are provided by The Hongkong and Shanghai Banking Corporation Limited ('HSBC HK') for the use of existing HSBC HK customers only. You should download Easy Invest only if you are an existing HSBC HK customer. Easy Invest is not intended for download, or use, by any person in any jurisdiction where such download or use would be contrary to any law or regulation of such jurisdiction or where HSBC HK is not licensed or authorized to provide Easy Invest and/or any of the Services.

HSBC Trade25

$0 commission at Hong Kong's best broker1

Just the price of one bubble tea, that's all you need

HKD25 per month

$0 commission

Trade25 Academy

Upfront pricing, no hidden fees

Upfront pricing, no hidden fees

Lower trading costs than other Hong Kong brokers

Breaking it down

Trade anywhere you go with our dynamic stock trading platform

Start trading with $0 commission fees in just 3 simple steps

If you're 18 to 25 years old and already have an HSBC investment account, you can sign up for HSBC Trade25 in a matter of minutes:

Got a question about HSBC Trade25? Read our FAQs for more details

About HSBC Trade25

Fees

Monthly turnover and illustrative example

Trade25 Academy

Additional information

Risk Disclosure

Important Information

$0 commission at Hong Kong's best broker¹