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Migrating to WorldTrader

How to switch to WorldTrader if you already invest through HSBC

What is WorldTrader?

WorldTrader is the simple, secure way to grow your wealth potential on a powerful digital platform. This gives you an investment account with Interactive Brokers UK.

Choose HSBC WorldTrader to enjoy

More markets

Enjoy more opportunities, with access to up to 25 markets and 77 exchanges

Low fees

Get competitive transaction fees as low as 0.01 USD per share

More products

Diversify your portfolio, with equities, exchange traded funds and bonds

Useful insights

Stay informed, with access to real-time market data, news, analysis and insights

Migrating your assets to WorldTrader

All eligible customers and assets will be migrated to the new platform, unless you opt out. We've sent you an email explaining your options and enabling you to select the one you want. Moving your assets from Pershing to Interactive Brokers UK means a change of your custodian location from Jersey to the UK. We suggest you seek independent taxation, legal or other professional advice before your decision.

Once you select your option in the email, the buttons will be deactivated. If you have a joint account, we will action the first response we receive. Should you change your mind, you'll need to contact us directly.

Let us know what you want to do in the email you have received from us

Opt in

If you're happy to be migrated to WorldTrader and open an investment account with Interactive Brokers UK, our wealth team will contact you to help you open your new account. We'll transfer your assets after 13 July 2024.

Opt out

If you don't want to be transferred to our new platform, you need to provide details of your chosen custodian before 30 November 2024. Then we can help you to move your assets to them and close your Pershing investment account.

What happens if you don't make a selection?

If you don't select an option, your current investments will be migrated to the new platform after 13 July 2024.

What happens next?

If you opt in or do nothing, after the end of the 60 days period, we'll start the migration process. Following the migration, we'll stop submitting customer orders to your existing broker/custodian HSBC Bank plc or Pershing Securities Limited/Pershing (Channel Islands) Limited.

We'll let you know when you can download the HSBC WorldTrader app and complete the journey to open your investment account. All new orders happen in HSBC WorldTrader and any dividends or proceeds are paid to your HSBC WorldTrader funding accounts in respective currency.

Want to know more?

Visit WorldTrader

Visit our WorldTrader page to find out more about our new platform.

Get in touch

Speak to your Relationship Manager or arrange a call with our wealth team.

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