HSBC Binary Options Trading

HSBCAs a part of our series of comprehensive guides and articles on the major banking institutions of the world, we now turn our attention to another significant bank called HSBC. In this blog post, we have tried to make our readers and other binary options traders aware of the strengths and weakness of this banking institution.

We are aware that binary option trades like to include weekly trades of different banking institutions in their portfolio. So we urge our readers to know what is going to happen with the shares of HSBC in the short period shortly.

Strengths

Worldwide Operation – You should not forget that HSBC is an international bank with a massive amount of business. As such, this banking institution is capable of handling any storms in the banking world, and HSBC has been doing pretty well over the period. It is right on track at present and if the bank does not embroil itself in any scandals, the coming days are going to be great for HSBC. The company is likely to incur considerable profits shortly.

Seen as a Solid Bank – Due to its large customer base and sheer size, HSBC, unlike any other banks, is an excellent banking institution. Even if there is any financial crisis in future, it will have little or no effect on the overall working of this bank. Even if other banks get toppled over or on a cliff edge due to significant turmoil in the financial industry, HSBC is likely to survive the sick days. However, you should be aware of one thing that no banking is 100% safe, and you should keep it in mind.

Weaknesses

Under Investigation – Recently it has been announced that the private banking arm of HSBC is under some investigation in the country of France for some wrong activities. However, it seems to be standard in ordinary circumstances, but it is a matter of shock for investors because HSBC has never embroiled itself in any scandal.

Forex Rigging – Some different banks including HSBC is caught in the fire of Forex rigging scandal that has shocked the banking industry in the recent times. The bank is heavily fined because of its involvement in Foreign Exchange (FX) rigging on a daily basis. It is indeed an admission of guilt on the part of HSBC because it has kept aside billions of Pounds just for the sole purpose of paying fines.

Short-Term Prediction

Some different binary options traders are not pulling off the shares of HSBC even if the bank is involved in a scandal for some wrongdoing in the past. Shortly, the share prices are likely to move in one direction which will be downward in value. The shares of HSBC are very volatile, and it will be quite dramatic in the coming times.