Euro Pacific Bank

Stocks, ETFs, and Warrants

EURO PACIFIC TRADER BROKERAGE ACCOUNT COMING SOON

The Global TradeStation platform is currently undergoing change of technology provider and custodian. Our new brokerage platform, Euro Pacific Trader, will be officially released shortly. In the meantime, please review its commissions below.
NOTE: Commissions are still subject to change as we finalize testing and launch of the platform.

Overview

  • We charge a low, fixed-rate commission per share or a set percent of trade value
  • Includes all exchange and regulatory fees
  • For US stocks, ETFs and warrants, the transaction fees are passed through on all stock sales

North America

Stocks, ETFs (Exchange Traded Products, or ETPs) and warrants are charged a fixed amount per share or a set percent of trade value, and includes all Euro Pacific commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales. In the event that Euro Pacific receives a rebate for executing a trade in a Regulation NMS stock at a market-maker, dark pool, or with a liquidity provider, Euro Pacific will pass the full amount of that rebate to Fixed-commission customers as a commission discount.

USA United States6

Fixed Minimum Per Order Maximum Per Order
No Transaction Fee ETFs USD 0.00 USD 0.00
USD 0.02 per share USD 5.00 N/A1,7

Example

100 Shares @ USD 25 Share Price = USD 5.00
1,000 Shares @ USD 25 Share Price = USD 20.00
1,000 Shares @ USD 0.25 Share Price = USD 20.00

 

Exceptions (API, VWAP, DARK, IBKRATS, IBDARK, CSFB ALGO, CSFB PATH, JEFFALGO, FOXRIVER ALGO)

US API Directed Orders3

Value Fixed Minimum Per Order Maximum Per Order
All USD 0.0075 per share USD 1.00 N/A1

Example

500 Shares @ USD 25 Share Price = USD 3.75

 

Guaranteed VWAP Orders

Fixed Minimum Per Order Maximum Per Order
USD 0.02 per share USD 1.00 N/A1

Example

100 Shares @ USD 25 Share Price = USD 2.00

 

DARK

Remove Liquidity Add Liquidity
Directed orders N/A4 N/A
Smart-routed orders9 Variable (see note) N/A

 

IBDARK

Remove Liquidity Add Liquidity
Directed orders N/A4 Normal commission applies
Smart-routed orders Normal commission applies minus
0.0007 per share
Normal commission applies minus
0.0007 per share

 

IBKRATS

Remove Liquidity Add Liquidity
Directed orders N/A4 Normal commission applies
Smart-routed orders10 Variable (see note) Variable (see note)

 

CSFB ALGO, CSFB PATH, JEFFALGO and FOXRIVER ALGO

Fee
Normal commission applies plus USD 0.0010 per share

 

Transaction Fees5

Transaction Fees

(Stocks, ETF, Warrants, Rights, Voting Trust Certificates) USD 0.0000207 * Value of Aggregate Sales
FINRA Trading Activity Fee USD 0.000119 * Quantity Sold8

 

Trade Allocation Minimum Commissions for Advisors and Brokers

We charge a minimum commission for US stock trades allocated by Euro Pacific, or Advisors and Brokers directly to end clients. In the case of an allocation, the allocation minimum is charged to the client account.

US Stocks Minimum (trade value * 0.0005, USD 1)

Example 1

100 Shares executed at a price of USD 100.00 allocated to two accounts (50/50):
Allocation Size = 50
Trade Value Per Allocation = USD 5,000
Minimum (5000 * 0.0005, USD 1) = Minimum (2.5, 1)
New Total Fixed Commission Per Allocation = 1.00

Example 2

100 Shares executed at a price of USD 24.00 allocated to two accounts (50/50):
Allocation Size = 50
Trade Value Per Allocation = USD 1200
Minimum (1200 * 0.0005, USD 1) = (0.6, 1)
New Total Fixed Commission Per Allocation = 0.60

 

 

Canada Canada

Fixed Minimum Per Order Maximum Per Order
CAD 0.02 per share CAD 5.00 N/A

Example

100 Shares @ CAD 25 Share Price = CAD 5.00

 

Mexico Mexico

Fixed Minimum Per Order Maximum Per Order
MXN 0.2% of trade value MXN 100.00 N/A

Example

700 Shares @ MXN 100 Share Price = MXN 140.00

 

Notes:

  1. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  2. For orders that are immediately executed against an existing bid or offer on the exchange’s order book, an exchange liquidity removing fee will be added. See the Tiered North America section for details of the exchange fees.
  3. This charge does not apply to relative, pegged to market and pegged to midpoint orders.
  4. Directed orders to IBKRATS/IBDARK that are marketable will generally be rejected.
  5. Transaction fees are only charged for sell orders.
  6. Includes NMS, OTCBB, NextShares and Pink Sheet Stocks.
  7. In the event the calculated maximum per order is less than the minimum per order, the minimum per order will be assessed.
  8. Maximum USD 5.95 per trade. In the case of partial executions, each execution is considered one trade.
  9. In the event Euro Pacific receives a rebate from a liquidity provider, the full rebate will be passed through in the form of a reduction to the standard U.S. Stock commission. Should Euro Pacific receive no rebate on the execution, standard U.S. Stock commissions will apply.
  10. In the event your order crosses another client order at Euro Pacific’s Custodian, the standard U.S. Stock commission minus 0.0007 per share will be charged. In the event Euro Pacific’s Custodian receives a rebate from a liquidity provider, the full rebate will be passed through in the form a reduction to the standard U.S. Stock commission. Should Euro Pacific’s Custodian receive no rebate on the execution, standard U.S. Stock commissions will apply.

  • Commissions apply to all order types.
  • All exchange fees are included.
  • For clients who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using Euro Pacific Smart routing, Euro Pacific reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, Euro Pacific will provide notice to affected clients.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.

Europe

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all Euro Pacific commissions, exchange and regulatory fees.

Austria Austria

Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value EUR 8.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00

 

EstoniaLatviaLithuania Baltic Region (Estonia, Latvia, Lithuania)

Fixed Minimum Per Order Maximum Per Order
All 0.25% of trade value EUR 15.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 15.00
1,000 Shares @ EUR 50 Share Price = EUR 125.00

 

Belgium Belgium

Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value EUR 8.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00

 

France France

Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.15% of trade value EUR 8.00 N/A
USD-denominated 0.15% of trade value USD 9.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00
100 Shares @ USD 75 Share Price = USD 11.25

 

Germany Germany

Fixed Minimum Per Order Maximum Per Order
SWB 0.17% of trade value EUR 10.00 N/A
SWB Warrants 0.24% of trade value EUR 10.00 N/A
FWB2 0.15% of trade value EUR 8.00 N/A
FWB Warrants 0.2% of trade value EUR 8.00 N/A
TradeLink Warrants (currently SocGen products only) 0.2% of trade value EUR 8.00 N/A
Chi-X / BATS / Turquoise DE / Tradegate 0.15% of trade value EUR 8.00 N/A
Xetra – ETFs 0.15% of trade value EUR 8.00 N/A
Xetra – Stocks 0.15% of trade value EUR 8.00 N/A

Example

SWB:
100 Shares @ EUR 50 Share Price = EUR 10.00

FWB:
100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00

Chi-X / BATS / Turquoise DE / Tradegate:
100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00

Xetra – ETFs:
100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00

Xetra – Stocks:
100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00

 

Hungary Hungary

Fixed Minimum Per Order Maximum Per Order
Stocks 0.15% of trade value HUF 2500 N/A

Example

100 Shares @ HUF 50 Share Price = HUF 200
1,000 Shares @ HUF 500 Share Price = HUF 2500

 

Israel Israel

Fixed Minimum Per Order Maximum Per Order
Stocks 0.2% of trade value ILS 25 N/A

Example

100 Shares @ ILS 50 Share Price = ILS 30

 

Italy Italy

Fixed Minimum Per Order Maximum Per Order
Stocks, ETFs & Funds 0.15% of trade value EUR 8.00 N/A
Warrants & Structured Products 0.2% of trade value EUR 10.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 100.00

 

Netherlands Netherlands

Fixed Minimum Per Order Maximum Per Order
Euro-denominated 0.15% of trade value EUR 8.00 N/A
USD-denominated 0.15% of trade value USD 9.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00
1,000 Shares @ EUR 50 Share Price = EUR 75.00
100 Shares @ USD 75 Share Price = USD 9.00

 

Norway Norway

Fixed Minimum Per Order Maximum Per Order
All 0.1% of trade value NOK 75.00 N/A

 

Poland Poland

Fixed Minimum Per Order Maximum Per Order
All 0.2% of trade value PLN 30.00 N/A

Example

100 Shares @ PLN 50 Share Price = PLN 30.00
1,000 Shares @ PLN 50 Share Price = PLN 100.00

 

Portugal Portugal

Fixed Minimum Per Order Maximum Per Order
All 0.2% of trade value EUR 10.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 10.00

 

Spain Spain

Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value EUR 8.00 N/A

Example

100 Shares @ EUR 50 Share Price = EUR 8.00

 

Sweden Sweden

Fixed Minimum Per Order Maximum Per Order
All Other 0.1% of trade value SEK 75 N/A
EUR-denominated 0.15% of trade value EUR 8.00 N/A

Example

100 Shares @ SEK 50 Share Price = SEK 75.00

 

Switzerland Switzerland

Fixed Minimum Per Order Maximum Per Order
CHF-denominated3 0.15% of trade value CHF 15.00 N/A
EUR-denominated 0.15% of trade value EUR 14.00 N/A
USD-denominated ETF, Warrants & Structure Products 0.2% of trade value USD 14.00 N/A
GBP-denominated 0.15% of trade value GBP 8.00 N/A
USD-denominated Other 0.15% of trade value USD 9.00 N/A

Example

100 Shares @ CHF 50 Share Price = CHF 15.00

 

United_Kingdom United Kingdom1,4

Fixed Minimum Per Order Maximum Per Order
Up to GBP 50,000 Trade Value GBP 8.00 GBP 8.00 GBP 8.00
GBP 50,000 Trade Value GBP 6.00 + 0.1% of incremental trade value > GBP 50,000 GBP 8.00 N/A
LSE International Order Book and USD-denominated stocks USD 0.1% of trade value USD 15.00 N/A
EUR-denominated stocks 0.15% of trade value EUR 8.00 N/A

Example

100 Shares @ GBP 50 Share Price= GBP 8.00
30,000 Shares @ GBP 2 Share Price= GBP 16.00
100 Shares @ USD 100 Share Price = USD 15.00

 

United_Kingdom United Kingdom – Commission-Free ETPs

Fixed Minimum Per Order Maximum Per Order
Leverage Shares ETPs USD 0% of trade value
GBP 0% of trade value
USD 0.00
GBP 0.00
USD 0.00
GBP 0.00

 

Notes:

  1. Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the client.
  2. Plus Trade Fee.
  3. In addition to the standard commissions, Euro Pacific will pass through a trade reporting fee of CHF 1.00 per Trade.
  4. Euro Pacific is also required to charge the Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companies registered in the United Kingdom, Isle of Man or Channel Islands.

  • Commissions apply to all order types.
  • All exchange and regulatory fees are included.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1, 2012 will be subject to a transaction tax.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax.
  • For European stock Algo orders, Euro Pacific will apply the commission cap as follows:

    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied
    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied
    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied

Asia-Pacific

Our Fixed pricing for stocks, ETFs and warrants charges a fixed amount per share or a set percent of trade value, and includes all Euro Pacific commissions, exchange and regulatory fees.

Australia Australia

Tier Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value AUD 10.00 N/A

Example

400 [email protected] AUD 50 Share Price= AUD 30

 

Hong_Kong Hong Kong1,2

Tier Fixed Minimum Per Order Maximum Per Order
SEHK Stocks 0.15% of trade value HKD 80 N/A
SEHK Warrants, Structured Products 0.16% of trade value HKD 80 N/A
Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect Stocks 0.15% of trade value CNH 70 N/A

Example

400 [email protected] HKD 70 Share Price= HKD 80.00

 

India India3,4,5

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Stocks4 1 bps INR 6 INR 20

 

Japan Japan

Tier Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value JPY 750 N/A

Example

100 Shares @ JPY 10,000 Share Price= JPY 1500

 

Singapore Singapore

Tier Fixed Minimum Per Order Maximum Per Order
All 0.15% of trade value SGD 15.00
USD 9.00
HKD 80.00
N/A

Example

100 Shares @ SGD 50 Share Price= SGD 15.00

 

Notes:

  1. For stocks, warrants and structured products traded on the SEHK, government stamp duty (0.1% rounded up to the nearest 1.00 for SEHK stocks, normally applies only to stocks) and SFC transaction levy (0.0027%, normally applies to stocks and warrants) will be passed through to all clients regardless of commission model.
  2. For stocks traded on Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect, all external costs will be passed through to clients regardless of commission model. This includes exchange trading fees, clearing fees and government stamp duty.
  3. Stocks on the NSE are only available to Indian residents.
  4. Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.
  5. The maximum per order for NRIs will be INR 150.

  • All exchange and regulatory fees are included, except where noted above.
  • Commissions apply to all order types.
  • 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 shares is submitted and 100 shares execute, then you modify the order and another 100 shares execute, a commission minimum would be applied to both 100 share orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.