expired $50 or $100 Cash from HSBC Online Share Trading
This was posted 9 months 23 days ago, and might be an out-dated deal
Complete your first trade before 30 September 2012 to receive a $50 reward deposited to your linked transaction account.
Complete three trades before 30 September 2012 to receive a total reward of $100 deposited to your linked transaction account.
Trade fees from $15.95 a trade.
Comments (Closed)
ozscharfschutze on 28/07/2012 - 17:43 ¶Why do 4 trades when you can do 3 to unwind your position? You'll get $52 instead of $36.
+1 voteprisonerzero on 28/07/2012 - 18:22 ¶If there was already something you wanted to buy/sell you could do 3 trades. My point was that you would need to do 4 if you wanted to be in (almost) exactly the same position as you were previously, and still end up with some of the bonus cash.
- prisonerzero on 29/07/2012 - 15:52 ¶
Yeah, you're right I didn't really think that through hard enough.
- prisonerzero on 28/07/2012 - 20:00 ¶
Yep…I actually have a margin loan with commsec and I transfer the shares out of commsec to sell with CMC (or vice versa) because I don't want to pay the $19. The only caveat with CMC (and Bell Direct and HSBC) is that you can't buy without have enough money to cover the settlement in your account. With high price brokers like Commsec they will let you buy up to about $5000 worth of shares before you need collateral. (Obviously you need to transfer the money before the settlement day - ie 3 business days).
Crownanchor on 29/07/2012 - 00:11 ¶With Comsec, you can sell the shares on or before T+1 and not need to settle, this is handy to know.
phunkydude on 28/07/2012 - 16:46 Comment score below threshold (-5).- prisonerzero on 28/07/2012 - 18:28 ¶
So it turns out that HSBC just use Bell Direct - it's not letting me sign up because I already have an account with Bell Direct.
At least - you need to use a different email address and phone number. I'm not sure if already having an account with Bell Direct would disqualify you from receiving the cashback.
-1 voteJust applied.
Thanks for posting this - its a good deal for me, because I have to buy a few shares anyway.
Sometimes I regret going for these bonuses after all the friggin paperwork and processing.
But just can't help myself, Ive well and truly got the OzBargain spirit.
If you open a linked HSBC Day to Day bank account for share trading (you need a linked bank account for internet share trading),
you can earn $10 bonus a month (up to total $100), if you deposit $2,000 dollars in that month.
https://www.hsbc.com.au/1/2/personal/savings/online-account/...
No $10 per month if you deposit $2000 in that month.
Up 10 months of $10 = $100
Ozbargain have this deal discussed here :
http://www.ozbargain.com.au/node/46629
With a very helpful discussion on pros and cons.
It is showing as expired, but I am pretty sure it is still current.
As shown here:
https://www.hsbc.com.au/1/2/feebate?WT.ac=AUH_feehp0511
- WaywardOne on 29/07/2012 - 11:07 ¶
"You must have an eligible HSBC Australia transaction account to create a trading account. If you would like to establish an HSBC Day to Day Account"
Wow, applying just got MUCH harder!
+1 voteApart from the introductory incentive, I don't know why one would bother with this.
Bell Direct brokerage:
Equity and warrant trades $15 or 0.1%, whichever is greaterHSBC (on Bell Direct platform) brokerage:
Equity and warrant trades Up to $15,000 $15.95
Equity and warrant trades $15,001 plus 0.11%In addition, I wouldn't trust the longevity of this. They had an online brokerage before, a more interesting offer with international trading, joint venture with Merrill Lynch (and later without them) in the period 2001 - 2006; see http://web.archive.org/web/20030206103803/http://mlhsbc.com....
Well before the GFC, they just shut it down and dumped all the clients over to eTrade.
They are offering less than already exists with Bell, and probably have no more long-term commitment to this than they had last time around.
The deal for the transaction account has changed.
http://www.ozbargain.com.au/node/78939There are rules governing share trade. If I remember correctly, you need to buy a minimum of 'board lot' which is 100 shares… Check with ASX and the broker for more information.
The number of shares doesn't matter much. Number of shares x share prices and its liquidity matter most.
No
•Is there a minimum number of shares I need to buy?
If you do not have an existing shareholding in the security, the minimum marketable parcel you need to buy is $500 worth of shares, excluding brokerage.
You can then subsequently increase your holding by purchasing less than $500 worth of shares.https://www.sharetrading.hsbc.com.au/tradenow/faqs/tradingse...
151
A pretty good deal for people who trade shares on a regular basis. The cheapest brokerage is $15.95, though, so obviously if you just signed up to get the money, and wouldn't be trading otherwise, it becomes less desirable. I use CMC markets at the moment, which costs $9.90 per trade.
In theory you could execute all of your trades in a single day on the same stock (buy,sell,buy,sell) and assuming you were able to make all of the trade at roughly the same price, you would get $100-4x$15.95=$36. But it might not be worth the effort due to having to then to do capital gains calculations at tax time.
Basically, don't take up share trading just to get the $100, you might end up worse off unless you know what you are doing.