FYI. HSBC has thrown in the towel in terms of doing brokerage in house and have instead partnered with IBKR.
https://www.financemagnates.com/forex/interactive-brokers-and-hsbc-launch-global-trading-platform/
They have rolled out IBKR to HSBC UAE and soon to whats left of their global retail entities.
https://www.hsbc.ae/investments/products/worldtrader/
P.S Important to note is that HSBC has been selling off a lot of their retail and various other banking operations last year (2024) such as:
HSBC France
HSBC Canada
HSBC Argentina
HSBC Mauritius
HSBC Russia
HSBC Armenia
HSBC Germany (private banking)
HSBC South Africa (wholesale business)
This all happened just last year and before that tons of other global retail operations have been sold off or closed down. Plus further more planned:
HSBC Malta (has been for sale for a while but deal with APS Bank failed but another will come along)
The bottom line is there is a clear pattern of retreat from a lot of markets and a move to focus on investment and some private banking. Basically if your not a HSBC Private Banking client (min £1.5m) in channel isles or an investment banking client stay away from HSBC group.
Premier Banking clients are just retail clients sadly and service will be terrible as moral must be down with staff is my guess.
https://www.financemagnates.com/forex/interactive-brokers-and-hsbc-launch-global-trading-platform/
They have rolled out IBKR to HSBC UAE and soon to whats left of their global retail entities.
https://www.hsbc.ae/investments/products/worldtrader/
P.S Important to note is that HSBC has been selling off a lot of their retail and various other banking operations last year (2024) such as:
HSBC France
HSBC Canada
HSBC Argentina
HSBC Mauritius
HSBC Russia
HSBC Armenia
HSBC Germany (private banking)
HSBC South Africa (wholesale business)
This all happened just last year and before that tons of other global retail operations have been sold off or closed down. Plus further more planned:
HSBC Malta (has been for sale for a while but deal with APS Bank failed but another will come along)
The bottom line is there is a clear pattern of retreat from a lot of markets and a move to focus on investment and some private banking. Basically if your not a HSBC Private Banking client (min £1.5m) in channel isles or an investment banking client stay away from HSBC group.
Premier Banking clients are just retail clients sadly and service will be terrible as moral must be down with staff is my guess.
