Euro Pacific Bank

Futures and Futures Options

EURO PACIFIC TRADER NOW AVAILABLE

Our new brokerage platform, Euro Pacific Trader, has now been released. Apply now through the Euro Pacific eBanking portal

Overview

  • US Markets are charged a low, fixed rate commission plus exchange, regulatory and clearing fees
  • Non-US Markets are charged a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees

North America

Our transparent Fixed pricing for futures in US markets includes our low broker commission plus exchange, regulatory and clearing fees. You are not charged a overnight position fee for positions held overnight.1

USA United States

Commission per Contract
USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
US-Future and Future Options 2.55 1.625 1.50 1.70 2.85 14.00 2.85 13.00 2.40 340 16.50
NYBOT Russell 1000 and 2000 Index 1.35 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-mini FX Futures 1.50 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-micro FX Futures 0.45 N/A N/A 0.30 0.45 N/A N/A N/A N/A 60 3.00
CFE Bitcoin – GXBT 15.00 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
CME Bitcoin – BRR 30.00 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
CME: MES, MNQ, M2K
CBOT: MYM
NYMEX: MGC, SIL
0.75 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

1 ES Futures Contract = Euro Pacific Execution Fee USD 2.55 + Exchange Fee USD 3.54 + Clearing Fee USD 0.00 + Regulatory Fee USD 0.06 = USD 6.15

 

USA United States – Exchange and Regulatory Fees4

CBOT CFE CME (Electronic-Globex)
ICE US NFX NYBOT
NYMEX NYSE LIFFE  

 

Canada Canada

Commissions per Contract Minimum per Order
All CAD 4.80 CAD 4.80

Example

1 Roundturn = CAD 9.60

 

Mexico Mexico

Commissions per Contract Minimum per Order
Forex Futures (USD) MXN 40.00 MXN 40.00
AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR) MXN 50.00 MXN 50.00
BONO3, IPC Options MXN 80.00 MXN 80.00
IPC, BONO10 MXN 100.00 MXN 100.00

Example

Forex Futures (USD):
1 Roundturn = MXN 80.00

AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR):
1 Roundturn = MXN 100.00

BONO3, IPC Options:
1 Roundturn = MXN 160.00

PC, BONO10:
1 Roundturn = MXN 200.00

Europe

Our Fixed pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.

Belgium Belgium

Commissions per Contract Minimum per Order
All EUR 9.00 EUR 9.00

Example

1 Roundturn = EUR 18.00

 

France France

Commissions per Contract Minimum per Order
Mini-CAC40 Futures EUR 0.80 EUR 0.80
All Other EUR 4.00 EUR 4.00

Example

1 Roundturn = EUR 8.00

 

Germany Germany

Commissions per Contract Minimum per Order
All (including SSF) EUR 4.00 EUR 4.00
Mini-DAX Index EUR 1.60 EUR 1.60

Example

1 Roundturn = EUR 8.00

 

Italy Italy

Commissions per Contract Minimum per Order
SPMIB30, MFIB EUR 6.00 EUR 6.00
Mini MFIB30 EUR 4.00 EUR 4.00

Example

SPMIB30, MFIB:
1 Roundturn = EUR 12.00

Mini MFIB30:
1 Roundturn = EUR 8.00

 

Netherlands Netherlands

Commissions per Contract Minimum per Order
Mini-AEX Futures EUR 1.10 EUR 1.10
Index Futures EUR 5.60 EUR 5.60
Single Stock Futures EUR 4.00 EUR 4.00
All Other Futures EUR 6.00 EUR 6.00

Example

Index Futures
1 Roundturn = EUR 11.20

 

Norway Norway

Commissions per Contract Minimum per Order
Index Futures NOK 24.00 NOK 24.00
Stock Futures 0.10% of Trade Value N/A

Example

1 Index Futures Roundturn = NOK 48.00

 

Spain Spain

Commissions per Contract Minimum per Order
IBEX35 EUR 6.00 EUR 6.00
Mini IBEX35 Futures EUR 1.80 EUR 1.80
Mini IBEX35 Options EUR 1.60 EUR 1.60
Single Stock Futures EUR 4.00 EUR 4.00

Example

IBEX35:
1 Roundturn = EUR 12.00

Mini IBEX35 Futures:
1 Roundturn = EUR 3.60

Mini IBEX35 Options:
1 Roundturn = EUR 3.20

Single Stock Futures:
1 Roundturn = EUR 8.00

 

Sweden Sweden

Commissions per Contract Minimum per Order
All not listed below SEK 40.00 SEK 40.00
Index Futures SEK 24.00 SEK 24.00
Stock Futures 0.10% of Trade Value N/A

Example

1 Roundturn = SEK 80.00

 

Switzerland Switzerland

Commissions per Contract Minimum per Order
All (including SSF) CHF 8.00 CHF 8.00

Example

1 Roundturn = CHF 16.00

 

United_Kingdom United Kingdom

Commissions per Contract Minimum per Order
All not listed below GBP 3.40 GBP 3.40
CHF-denominated not listed below CHF 5.00 CHF 5.00
EUR-denominated not listed below EUR 4.00 EUR 4.00
LIFFE Coffee and Sugar USD 9.30 USD 9.30
Intercontinental Exchange (USD Denominated Contracts) USD 7.20 USD 7.20
LME OTC Lookalike Platform: AH, CA, ZSLME, PB USD 21.90 USD 21.90
LME OTC Lookalike Platform: NI USD 21.15 USD 21.15
LME OTC Lookalike Platform: SNLME USD 18.15 USD 18.15
Single Stock Futures (GBP Denominated Contracts) GBP 3.40 GBP 3.40
Single Stock Futures (USD Denominated Contracts) USD 8.25 USD 8.25
Single Stock Futures (EUR Denominated Contracts) EUR 5.00 EUR 5.00
Single Stock Futures (CHF Denominated Contracts) CHF 7.50 CHF 7.50
IPE – UCA, UCX, NCF, RDAM USD 29.25 USD 29.25
IPE – Emissions Contracts EUR 12.00 EUR 12.00

Example

All Not Listed Below:
1 Roundturn = GBP 6.80

LIFFE Coffee and Sugar:
1 Roundturn = USD 18.60

Intercontinental Exchange (USD Denominated Contracts):
1 Roundturn = USD 14.40

Single Stock Futures (GBP Denominated Contracts):
1 Roundturn = GBP 6.40

Single Stock Futures (USD Denominated Contracts):
1 Roundturn = USD 16.50

Single Stock Futures (EUR Denominated Contracts):
1 Roundturn = EUR 10.00

Single Stock Futures (CHF Denominated Contracts):
1 Roundturn = CHF 15.00

LME OTC Lookalike Platform SNLME:
1 Roundturn = USD 36.30

Asia-Pacific

Our Fixed pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.

Australia Australia

Commissions per Contract Minimum per Order
VW, WH and BA AUD 12.50 AUD 12.50
SPI – Mini Futures AUD 2.00 AUD 2.00
All Other AUD 10.00 AUD 10.00

Example

1 Roundturn = AUD 20.00

 

Hong_Kong Hong Kong

Commissions per Contract Minimum per Order
HSI, CHH, CES120 HKD 60.00 HKD 60.00
MHI HKD 34.00 HKD 34.00
HFI.HK, HHI, MCH HKD 40.00 HKD 40.00
CNH – Denominated CNH 26.00 CNH 26.00
USD – Denominated USD 7.20 USD 7.20
Single Stock Futures HKD 40.00 HKD 40.00

Example

HSI:
1 Roundturn = HKD 120.00

MHI:
1 Roundturn = HKD 64.00

HFI.HK, HHI, MCH:
1 Roundturn = HKD 80.00
HKG, HKS
1 Roundturn = USD 14.40

Single Stock Futures:
1 Roundturn = HKD 80.00

 

India India

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Futures3 1 bps INR 6 INR 205

 

Japan Japan

Commissions per Contract Minimum per Order
JGB and all products not listed below JPY 1000 JPY 1000
TOPX, NKVI, N225 (futures) JPY 800 JPY 800
N225 Mini (futures) JPY 80 JPY 80
MNTPX, TPXC30, TSEREIT, JPNK400, TSEMOTHR JPY 100 JPY 100
MJ JPY 170 JPY 170

Example

All Products Not Listed Below:
1 Roundturn = JPY 2000

JGB:
1 Roundturn = JPY 2000
N225:
1 Roundturn = JPY 1600

N225 Mini:
1 Roundturn = JPY 160

MNTPX:
1 Roundturn = JPY 200

MJ:
1 Roundturn = JPY 340

 

Singapore Singapore

Commissions per Contract Minimum per Order
SSG SGD 8.00 SGD 8.00
US SGD 7.20 SGD 7.20
SEY and all JPY products not listed below JPY 600 JPY 600
UJ JPY 720 JPY 720
AJ and KJ JPY 570 JPY 570
SGXNK (NIY on SGXCME) (futures only) JPY 450 JPY 450
SGXNKM JPY 100 JPY 100
SGB JPY 170 JPY 170
CN (XINA50 China Index Futures) USD 8.55 USD 8.55
SCI future (Iron Ore) USD 9.75 USD 9.75
TH USD 6.75 USD 6.75
MD USD 9.75 USD 9.75
CY USD 5.40 USD 5.40
USD-denominated products not listed above USD 8.55 USD 8.55
UC CNH 22.40 CNH 22.40

Example

SSG:
1 Roundturn = SGD 16.00

SEY:
1 Roundturn = JPY 1200

SGXNKM :
1 Roundturn = JPY 200

 

South_Korea South Korea

Commissions Minimum per Order
All not listed below 0.008% of Trade Value N/A
Stock futures 0.08% of Trade Value N/A
KWY futures 3,000 per contract N/A

Example

1 Roundturn = 2 Contracts @ KRW 400 (500,000 Multiplier) = 200,000,000 x 0.008% = KRW 16,000

 

Notes:

  1. Euro Pacific’s Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in Euro Pacific’s Tiered commission schedule may be greater than the costs paid by Euro Pacific to the relevant exchange, regulator, clearinghouse or third party. For example, Euro Pacific may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by Euro Pacific may be less than the rebates Euro Pacific receives from the relevant market. For example, Euro Pacific may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
  2. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts at the time of the trade. Only contracts that are traded while under the Volume Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 1,500 US contracts in a month, your Euro Pacific execution costs would be: 1,000 contracts at USD 0.60 and 500 contracts at USD 0.45
  3. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  4. Non-member exchange and regulatory fees are applied, unless a client is pre-qualified by Euro Pacific. Contact Sales & Trading for more information.
  5. The maximum per order for NRIs will be INR 150.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.

  • Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.
  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract.
  • Single Stock Futures are not available for volume tiered pricing.


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.