WARNING AGAINST www.europacificbk.com
Published 8-JAN-2020
It has been drawn to our attention that a scam website, www.europacificbk.com, has been created without our consent as a way to mislead customers.
We can confirm that www.europacificbk.com is a fake website and is in no way connected to Euro Pacific Bank. Please immediately report as spam and delete any emails or communications referencing this site, as the intention is to steal your login credentials or personal information and/or to help perpetrate an advance-fee scam or similar financial related scams.
How do I transfer securities into my Euro Pacific Trader account?
Follow the instructions below to transfer equities into your Euro Pacific Trader account, whose custodian and technology provider is Interactive Brokers1. Qualified equities include stocks, bonds, and ETFs.
Transfer Procedure
1. Gather your compliance documentation
We will need:
- Share Transfer Agreement
- Brokerage statements listing all of your positions to be transferred, your name, and account number, going back as far as possible
- Statement of bank account that originally funded your current brokerage account (source of funds)
2. Gather your transfer details
We will need:
- Sending broker’s name (Company)
- Account name at sending broker
- Account number at sending broker
- Name of contact person or department that handles transfers
- Email address of broker or transfer department
- If your brokerage statement doesn’t state each position’s Name, Symbol, Quantity, and ISIN, please provide us a list of this data
3. Email us the above
After gathering all of the documents and information above, please email it to [email protected] for compliance pre-approval.
4. Wait for our pre-approval
Our Trading Support team will confirm whether the Euro Pacific Trader supports your proposed securities.
To expedite the pre-approval process, please cross-check your securities against our Contract & Securities Search Tool yourself, and let us know if your securities are found. You can also bookmark this page and use it to find securities in the future.
Note: Due to certain regulatory restrictions, some securities may not be transferable.
5. Transfer is initiated with your broker
We will forward the information to our brokerage custodian, who will initiate contact with your sending broker. Transfer times vary greatly, depending on how responsive your broker’s transfer department can communicate with ours. The average transfer takes 1-2 weeks, but may take longer.
Note: Please notify your broker that Interactive Brokers will be contacting them to initiate the securities transfer. In the meantime, please refrain from trading in the sending account to prevent complications.
6. Check the status of your transfer
Interactive Brokers may or may not notify us when the transfer is complete, so we recommend that you check your sending brokerage account periodically to confirm the securities have left.
1Euro Pacific Trader is offered by Euro Pacific Securities Inc. (“Euro Pacific Securities”), as an Introducing Broker to Interactive Brokers LLC. Interactive Brokers LLC is the custodian, technology provider, and clearing broker to all transactions executed through Euro Pacific Trader and thus the rates, conditions, and examples shown on this site may be subject to change and differ from what is displayed on Euro Pacific Trader. The rates, conditions, and examples on this site are provided on a best-efforts basis and should not be taken as final.
Euro Pacific Securities will not be held responsible for pricing and conditional discrepancies that may arise in the normal course of offering Euro Pacific Trader. Customers should always review and rely on the conditions that are shown directly on Euro Pacific Trader, and it is the responsibility of all customers to carefully review the conditions of every action before approving execution on Euro Pacific Trader.
Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers LLC does not endorse or recommend any introducing brokers, third-party financial advisors or hedge funds, including Euro Pacific Securities. Interactive Brokers LLC provides execution and clearing services to customers. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers LLC to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Interactive Brokers LLC makes no representation, and assumes no liability to the accuracy or completeness of the information provided on this website.
For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.
eBanking Platform Update: November 2019
Published: November 25, 2019
New Features
New eBanking Dashboard currencies
Your Dashboard is located on the home page of your eBanking. It is a convenient way to view the total assets you hold at the bank, including current accounts, precious metals, mutual funds, and later brokerage accounts.
Today, we are happy to announce that you are now able to view your Dashboard not only in US dollars terms, but in all account currencies. This is particularly helpful to clients who are accustomed to measuring their assets in euros, pounds, and other currencies.
Enhancements
Faster attachment uploads
When sending us a secure message, attachment file processing has been improved, resulting in faster file uploads and less timeout issues.
Mutual fund downtime notice
Mutual funds undergo “close of business” (COB) maintenance every business day, which results in an error message when trying to buy or sell a fund. We have improved the error message to instruct you to input your request during business hours.
Bug Fixes
Standing Order errors
We have fixed a number of issues with inputting and modifying Standing Orders, also known as “Recurring” transfers.
Trading Movement records missing
If you transferred an investment position into one of your Trading accounts, the movement was previously not visible. This has been fixed and you can now see all position movement transactions in your Trading Movements screen.
Enable Two-Factor Authentication (2FA)
Why?
Our brokerage platform provider and custodian, Interactive Brokers, requires that two-factor authentication (2FA) is enabled.
MobileTrader is both our mobile trading platform, as well as your default 2FA security application. Install it on your iOS or Android mobile device now.
How does it work?
Approximately 1-2 weeks after your Euro Pacific Trader account has been activated, you will be required to enter a 2FA code upon login. The code will then be sent to your MobileTrader, which allows you to log into your trading platform.
If you have multiple Euro Pacific Trader accounts with distinct usernames, you can access all of those accounts from MobileTrader.
Download Now
Download and install the app by clicking the buttons below, and then activate the application within minutes.
Activation Instructions
1. Launch MobileTrader on your iOS or Android device.
2. Tap the Register Two-Factor button. If you do not see this button, please look for the “Services” button in the upper left corner.
3. Follow the instructions on your device. You will be asked to log into MobileTrader using your standard Euro Pacific Trader login details, as well as register your mobile phone number.
4. Enter your Euro Pacific Trader username and password and tap Continue.
5. Enter your mobile phone number, correspondent country, and tap Get Activation SMS. Please note your device must be able to receive SMS.
6. You will receive an SMS containing an Activation Token. Enter the token into the Activation Code field. Tap Activate.
7. Sign out of your Euro Pacific Trader platform.
8. Sign back in and you will see the notice “A message has been sent to your phone. Tap the link on your phone to complete secondary authentication.” Look for the push notification on your MobileTrader to authorize your login.
Not receiving it?
1. If you do not receive the push notification on your MobileTrader, on your existing Euro Pacific Trader login page, click the link that states “Click here if you did not receive the message.”
2. You will be provided a “Challenge Code” that you need to enter in your MobileTrader to manually authenticate you.
3. On your MobileTrader’s Services page, click the “Authenticate” button.
4. Enter the Challenge Code from your login screen.
5. Follow the instructions to generate “Response String”, which you will need to enter on your login screen.
6. Click Login.
Alternative 2FA Methods
SMS verification is the only alternative 2FA method at this time. MobileTrader authentication is viewed as the most secure and convenient way to authenticate you.
1Euro Pacific Trader is offered by Euro Pacific Securities Inc. (“Euro Pacific Securities”), as an Introducing Broker to Interactive Brokers LLC. Interactive Brokers LLC is the custodian, technology provider, and clearing broker to all transactions executed through Euro Pacific Trader and thus the rates, conditions, and examples shown on this site may be subject to change and differ from what is displayed on Euro Pacific Trader. The rates, conditions, and examples on this site are provided on a best-efforts basis and should not be taken as final.
Euro Pacific Securities will not be held responsible for pricing and conditional discrepancies that may arise in the normal course of offering Euro Pacific Trader. Customers should always review and rely on the conditions that are shown directly on Euro Pacific Trader, and it is the responsibility of all customers to carefully review the conditions of every action before approving execution on Euro Pacific Trader.
Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers LLC does not endorse or recommend any introducing brokers, third-party financial advisors or hedge funds, including Euro Pacific Securities. Interactive Brokers LLC provides execution and clearing services to customers. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers LLC to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Interactive Brokers LLC makes no representation, and assumes no liability to the accuracy or completeness of the information provided on this website.
For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.
Euro Pacific Advisors’ Portfolio Commentary: Q3 2019
Published: October 4, 2019
Relevant Strategies
- Moderate
- Balanced (and International Balanced)
- Growth
- Aggressive Growth (and International Growth)
- Gold & Precious Metals
- Natural Resources
Our Commentary
Financial headlines are still dominated by continued trade uncertainty between the US and China, a trade spat between the US and the EU ripe to surface at any time, a weakening global economy with global manufacturing effectively in recession and little obvious progress in Brexit negotiations. Central Banks have consequently veered towards a more dovish stance but it is doubtful that this alone can continue to propel markets to new highs for much longer.
Equities
Stock markets also delivered positive returns but economies and stock markets most exposed to manufacturing fared worst with Emerging Markets losing ground.
US shares continued to outperform and provided a return of 5% in sterling terms.
UK and the broader Continental European equity markets rose between 1% and 2%. With the pound and UK equities both out of favour and arguably undervalued, we saw a succession of bids for UK companies including media company Entertainment One and pub operator Green King. German economic growth has stalled, dragging Europe’s down with it.
Fixed Income
Consequently, the European Central Bank has agreed to restart its quantitative easing programme in November with €20bn of bond purchases monthly.
Most European bond yields hit record lows in August, as did US 30 year treasuries. The 2/10 yield curve became inverted for the first time since May 2007 and this is just one of the indicators pointing towards a recession by H1 2021.
Commodities
A further consequence of the low yield environment was the positive performance of gold which rose 8% in August alone.
Portfolio Actions
In the short term we expect the economic and corporate news, on which traders rely, to reflect the slowdown in global trade led by the US-China trade war. Indeed, the most recent manufacturing data has failed to meet even reduced expectations and the concern is that this will spread to the broader economy with the European service sector leading the way downwards. Market volatility moving into Q4 reflects this.
However, with interest rates now firmly in ‘lower for longer’ territory again, and governments lowering taxes and looking to increase spending, we expect the outlook for investors with longer time horizons to improve as we enter 2020. All strategies were re-balanced accordingly.
Regards,
Euro Pacific Advisors Management Team
Euro Pacific Advisors’ Portfolio Commentary: Q2 2019
Published: July 1, 2019
Relevant Strategies
- Moderate
- Balanced (and International Balanced)
- Growth
- Aggressive Growth (and International Growth)
- Gold & Precious Metals
- Natural Resources
Our Commentary
Positive returns were seen across all asset classes in the second quarter of 2019 even though the outlook for global growth weakened again.
Equities
In equity markets, the US and Europe provided some of the strongest returns as the central banks in both regions indicated that interest rates were likely to fall in the short term. As a result, bonds and gold also performed well. In currencies, the pound was weaker against all the major competitors with falls of between 2% and 5% against the dollar, euro and yen.
The FTSE 100 rose 2.8% on a total return basis with the more domestic FTSE 250 up 2.3%. Gains for UK investors in overseas markets were augmented by weakness in sterling.
In sterling terms, the broad US S&P 500 Index made a total return of 6.3% ahead of the technology focused NASDAQ which rose by 5.9%. The MSCI Europe Index made the best gains, up 8.2%, helped by comments from the European Central Bank.
Returns in emerging markets were lower, reflecting some concerns of a slowdown. The MSCI Emerging Markets Index returned 2.8%. In Japan, the Nikkei 225 gained 5.5%.
Fixed Income
Bonds benefited across the board from declining interest rate expectations. Gilts made a total return of 1.8% with Index Linked Gilts up 2.0%. As risk appetite returned, corporate bonds performed even better, gaining 2.4% over the quarter with High Yield bonds up 2.2%.
Commodities
Gold was the greatest beneficiary from the less aggressive stance of the central banks. Lower interest rates highlighted the attraction of gold as a non yielding alternative to cash and a store of value. The precious metal added an impressive 12.7% in sterling terms with certain investors speculating that it is set to break out into a new trading range. The absolute return sector made a total return of 1.1%, adding to gains from the first quarter.
Portfolio Actions
We have reached an interesting juncture with an apparent contradiction in capital markets. Whilst further falls in bond yields suggest recession on the horizon, this is not shared by the strength in equity markets.
The fact that interest rates now appear to have peaked is perhaps an admission that we are close to the end of the economic cycle. It is therefore surprising that equity markets have been so buoyant. Despite the best endeavors of central banks, equity markets are unlikely to be supported forever should the economic cycle turn down.
Diversification across asset classes and regions with a sensible amount of liquidity set aside for future opportunities remains a sensible approach at the current time.
Regards,
Euro Pacific Advisors Management Team
Euro Pacific Advisors’ Portfolio Commentary: Q1 2019
Published: April 4, 2019
Relevant Strategies
- Moderate
- Balanced (and International Balanced)
- Growth
- Aggressive Growth (and International Growth)
- Gold & Precious Metals
- Natural Resources
Our Commentary
Equities
Despite weakening projections for global GDP growth and earnings, equity markets performed strongly in the first quarter of 2019.
Some of the best performance was seen in the US, particularly in technology shares which bounced back after a difficult end to 2018. The improvement in confidence was largely down to two key factors. Firstly, investors grew more hopeful that the US and China would be able to resolve their trade dispute amicably. Secondly, the US Federal Reserve scaled back its outlook for interest rate increases. The previous forecast of two interest rate increases this year was cut to zero with one now seen in 2020.
The UK equity market performed well and the FTSE 250, with a bias toward the domestic economy, gained 9.8%. Sterling strengthened against the other major currencies as investors reassessed their downbeat forecasts in respect of Brexit.
The diversified S&P 500 in the US made a total return of 13.7% in USD terms, MSCI Europe gave a Euro total return of 12.7% and FTSE Emerging Markets added 10.4%.
In the emerging markets, growth and value factors outperformed defensive sectors and the infrastructure exposure lagged. In Asia, Japan was the most disappointing market as the economy was hit by trade tensions with China. The Nikkei 225 made a gain of 6.9%.
Bonds
Bond markets also produced good returns for investors, gaining across the board in response to the Federal Reserve’s latest forecasts.
Corporate bonds gained 3.9% with strategic bonds up 3.7%. Despite little evidence of inflationary pressures, index linked gilts made a total return of 6.1% while the high-yield sector rose by 5.1%.
Commodities
Gold was broadly unchanged. Falling bond yields tend to enhance the attraction of gold, which yields nothing, as an alternative asset. The dull performance reflects the fact that investors were more confident in risky assets such as equities and saw little reason to chase gold at current levels. The absolute return sector gained 1.5%, helped by improving returns in bonds and equities.
The energy sector rebounded as the oil price made strong gains.
Portfolio Actions
The reversal in both equity and bond prices after the Q4 drop, led by positive performance from US tech, resulted in strong performance for the portfolio exposure to momentum factor strategies while the scramble for yield in an environment of extended low interest rates generated double digit returns for both the global property exposure and the UK REIT exposure.
We added exposure to REITs, operating in the booming industrial/logistics, sub-sector and trading on a large discount to NAV.
We are considering exposure to an airline company with heavily depressed profits but still benefiting from a valuable expansion into resorts and cruises. Valuation indicators indicate 29% upside.
Any positive resolution of Brexit and the trade war between the US and China would clearly be well received by the markets as they would likely result in an increase in economic activity in the short run. However, given the late stage in the economic cycle and the fact that equities have already come a long way in a short period of time, a certain amount of caution is warranted.
Diversification across a broad range of asset classes and regions remains a sensible approach for the long run.
Regards,
Euro Pacific Advisors Management Team
Euro Pacific Advisors’ Portfolio Commentary: Gold on the rise
Published: August 8, 2019
Relevant Strategies
- Gold & Precious Metals
- Natural Resources
- Growth
- Aggressive Growth (and International Growth)
Commentary
Having reached its highest level for six years, the gold price looks set to move higher buoyed by the outlook of further US rate cuts, and the escalating trade war between the US and China. China’s central bank added a further 10 tonnes to its reserves in July while Russia and Kazahstan have also been consistent buyers.
Conversely, the latest US threats have dampened demand for other metals with copper weakening and iron ore down 18% in recent days. The oil price has also weakened and the natural resources fund has made little overall progress this year post January’s 8% gain.
The Gold & Precious Metals strategy was up by 13% in June alone and has been making further strong progress in recent days.
Goldman Sachs has upped its gold forecast 12 months out to $1,600 and should this occur, the precious metal ETCs and exposure to mining stocks in the portfolios should continue to make significant progress.
Portfolio Actions
Gold has recently breached $1,500, recording its largest daily rise in three years. After years of underperformance, we see no need to top slice for now and are riding the momentum until sentiment regarding interest rates turns more hawkish.
Euro Pacific Advisors is comfortable with the level of precious metals exposure in the four strategies above and will consider re-balancing them at a later date.
Regards,
Euro Pacific Advisors Management Team
How do I enable the Dividend Reinvestment Program (DRIP)?
Euro Pacific Trader’s dividend reinvestment program (DRIP) automatically reinvests your qualifying cash dividends into shares of the issuing company. Please note that shares are not purchased via an issuer-sponsored reinvestment plan, but rather in the open market.
Overview
- Only US and Canada-listed common and preferred stocks are eligible for Dividend Reinvestment.
- Once DRIP is enabled account-wide, only dividends from eligible stocks will be reinvested.
- We will charge our standard commission for the purchase.
- Currently, there is no option for you to enable fractional shares. Cash from dividends that is insufficient to purchase a whole share will have the portion of the cash dividend insufficient to purchase a whole share credited to the account in cash.
- If your account is in a margin deficit and can’t initiate new positions, dividends will not be reinvested, even if you have dividend reinvestment enabled.
Frequently Asked Questions
When does reinvestment occur?
On the (trading day) morning following the receipt of a dividend, we will use the dividend payment (or cash-in-lieu of dividend payment if you have a margin account and your shares are on loan at the time of the dividend payment) to purchase additional shares of that stock.
If you are a shareholder of record as of the close of the dividend record date and enrolled in the dividend reinvestment program prior to the dividend payment date, we will use the dividend payment to purchase additional shares of that stock on the morning of the trading day which follows confirmation of our receipt of the dividend.
If a customer’s credit-check fails on the day dividend was paid, the system continues to check for the next 30 days and may include it in the DRIP file when the credit-check passes. In this case the system may book a delayed DRIP trade (i.e. trade date after pay date). We will also look back 30 days from the date of enrollment and will reinvest any dividends paid to the account within that 30 day time period.
At what price does reinvestment take place?
As shares are purchased in the open market, generally at or near the opening of trading and subject to market conditions, the price cannot determined until the total number of shares for all program participants have been purchased using combined funds.
In the event that the purchase is executed in multiple smaller trades at varying prices, participants will receive the weighted-average price of such shares (i.e., each participant receives the same price). In the event we are unable to reinvest the combined proceeds, each participant will receive shares on a pro rata basis (based on the dividend amount to which each participating client is entitled).
Are the full proceeds of the cash dividend available for reinvestment?
No. Only the proceeds net of commissions and taxes (if the account is subject to withholding) is reinvested. Standard commissions are applied to each purchase.
Can account holders elect which securities are eligible for reinvestment?
No. Dividend reinvestment can be turned on or off for the account in its entirety and cannot be elected for a subset of securities held in the account.
Apply for DRIP
If you’d like to enable DRIP on your Euro Pacific Trader account, please email [email protected] and we will provide you with an Authorization Form.
Euro Pacific Trader is offered by Euro Pacific Securities Inc. (“Euro Pacific Securities”), as an Introducing Broker to Interactive Brokers LLC. Interactive Brokers LLC is the custodian, technology provider, and clearing broker to all transactions executed through Euro Pacific Trader and thus the rates, conditions, and examples shown on this site may be subject to change and differ from what is displayed on Euro Pacific Trader. The rates, conditions, and examples on this site are provided on a best-efforts basis and should not be taken as final.
Euro Pacific Securities will not be held responsible for pricing and conditional discrepancies that may arise in the normal course of offering Euro Pacific Trader. Customers should always review and rely on the conditions that are shown directly on Euro Pacific Trader, and it is the responsibility of all customers to carefully review the conditions of every action before approving execution on Euro Pacific Trader.
Interactive Brokers LLC is a registered Broker-Dealer, Futures Commission Merchant and Forex Dealer Member, regulated by the U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), and is a member of the Financial Industry Regulatory Authority (FINRA) and several other self-regulatory organizations. Interactive Brokers LLC does not endorse or recommend any introducing brokers, third-party financial advisors or hedge funds, including Euro Pacific Securities. Interactive Brokers LLC provides execution and clearing services to customers. None of the information contained herein constitutes a recommendation, offer, or solicitation of an offer by Interactive Brokers LLC to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Interactive Brokers LLC makes no representation, and assumes no liability to the accuracy or completeness of the information provided on this website.
For more information regarding Interactive Brokers, please visit www.interactivebrokers.com.