HSBC WorldTrader: Closed to new clients
Closed to new customers: HSBC is closing its retail banking business in Australia. Accounts, portfolios and cash holdings are to move to Interactive Brokers Australia, which already runs WorldTrader, "in the coming months" (letter and FAQ of 14 October 2026). HSBC has not yet set the transfer date or the deadline for moving to another broker instead, which it says it will give in advance; until the transfer accounts keep trading under current terms through the linked HSBC account (letter of 12 August 2026).
Accounts are to move to Interactive Brokers; no transfer date has been set yet.
“You can no longer apply for new products and services.”
Source: hsbc.com.au/investments/products/share-trading/ · Confirmed on the broker's page on 13 November 2026.
“your HSBC WorldTrader account, portfolio and cash holdings will move to Interactive Brokers Australia in the coming months.”
Source: hsbc.com.au/content/dam/hsbc/au/docs/help/hsbc-worldtrader-update-faqs.pdf · Confirmed on the broker's page on 13 November 2026.
“If you don’t want to transfer to Interactive Brokers Australia, you’ll need to nominate your preferred broker and submit a stock transfer request through them.”
Source: hsbc.com.au/content/dam/hsbc/au/docs/help/hsbc-worldtrader-transfer-communication-14oct26.pdf · Confirmed on the broker's page on 13 November 2026.
“We’ll notify you of the transfer deadline in advance.”
Source: hsbc.com.au/content/dam/hsbc/au/docs/help/hsbc-worldtrader-transfer-communication-14oct26.pdf · Confirmed on the broker's page on 13 November 2026.
- Website
- hsbc.com.au/investments/products/share-trading/
- Legal entity
- Interactive Brokers Australia Pty Limited
- Documents
- WorldTrader Fees and Charges · HSBC WorldTrader · Update on your WorldTrader account (12 August 2026) · Transfer of your HSBC WorldTrader account to Interactive Brokers Australia (14 October 2026) · Update on HSBC Australia WorldTrader: frequently asked questions (14 October 2026)
- Record re-read by hand
- 7 November 2026
What the broker says
Brokerage
“Buy shares listed on the ASX for as little as AUD9.90 per trade.”
Source: hsbc.com.au/investments/products/share-trading/ · Confirmed on the broker's page on 13 November 2026.
Holding
“All holdings within your HSBC WorldTrader Account will be held by IBA, acting in their capacity as your custodian.”
Source: hsbc.com.au/investments/worldtrader/ · Confirmed on the broker's page on 13 November 2026.
Execution
“HSBC WorldTrader is a service provided by Interactive Brokers Australia Pty Limited ABN 98 166 929 568 and AFSL 453554 ("IBA"), at the request of HSBC Bank Australia Limited ABN 48 006 434 162 AFSL 232595 ("HSBC"). IBA is a participant of the markets operated by ASX, ASX 24 and Cboe Australia and of the clearing facilities operated by ASX Clear and ASX Clear (Futures).”
Source: hsbc.com.au/investments/worldtrader/ · Confirmed on the broker's page on 13 November 2026.
Licence
- AFS licence
- 453554 · INTERACTIVE BROKERS AUSTRALIA PTY LTD
- ABN
- 98166929568
- Licensed since
- 28 July 2016
- Principal business
- Sydney NSW 2000
- Authorised to
- Buy and sell securities for clients (retail clients)
- Hold assets for clients (custody) (retail clients)
- Advise on securities (retail clients)
- Make a market (retail clients)
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Sources
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