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by xiphias2 1886 days ago
It’s a great signal for potential buyers to just leave HSBC and find a better broker.
1 comments

"Better" like Robinhood, which, instead of firmly stating a position in advance, changes its mind day-by-day about which stocks its customers can buy or sell? And which was pretty damn close to going bankrupt earlier this year because it didn't have a sufficient risk management policy?
Interactive Brokers and Saxo are good options for example in UK. I think RobinHood is US only, but US has more professional brokers as well.
I guess you and I have different opinions on what makes a "better" broker. I'm in favor of clearly-defined policies that anticipate certain events, which are communicated to all customers far in advance, so customers can make an informed decision whether or not to patronize that particular company. You seem to be happy with firms like IBKR which might decide, mid-day, at the peak of volatility, to lock out its customers from trading certain securities, without any advance notice or warning.

https://www.investopedia.com/robinhood-latest-broker-to-rest...

I think it wasn't them who decided but the clearing house. Right now HSBC itself did the banning.

If you don't like the situation, you can just buy the underlying asset (Bitcoin) and hold it in a cold wallet (I'm doing that).