Uses the IBKR trading platform as a base but retains only basic functions. Dealing charges are described as ‘low cost’, however, are anything but at 10 cents per share, only dropping to 1 cent per share AFTER 5000 share trades per month (ie $500 of trading charges). As an example, I recently sold 2400 NCLH which cost $275 in trading charges after tax. Selling 3300 of the same stock in my IBKR platform cost around $16. How can they describe this as “low cost”? Criminal. Many of the useful IBKR functions are not available through the HSBC app. On the plus side, it is finally a step forward from their Invest Direct International interface which was probably coded on Windows 95 and is basically a DOS prompt which has the appearance that the site was made from a dot matrix printer scan… but even *that* had a fixed trading fee of $29.95 regardless of volume. In summary, it’s a well overdue upgrade, with some improvements but geared towards the ‘buy and forget’ retail investors who can’t do maths. A disgusting demonstration of corporate greed that will be the downfall of the 33 year relationship I have had with HSBC. Invest directly through the IBKR app and save your money.