Euro Pacific Bank

Brokerage Migration Update: Nov 3, 2022

Published: November 03, 2022

Summary

Back in May of this year, Interactive Brokers (IBKR) has requested that all clients open new (retail) Interactive Brokers accounts to continue trading, if you currently have a Euro Pacific Trader brokerage account at IBKR. Due to Euro Pacific Bank’s recent suspension, the brokerage migration was temporarily halted by IBKR.

As of November 03, 2022, IBKR has resumed the migration of brokerage accounts and of selected assets.

Next Steps

For those who received a new IBKR account username & password

  1. If you are still completing your new IBKR account application, you may continue with that process until the account is activated.
  2. If your new IBKR account is already activated but positions held in your Euro Pacific Trader account (EPT) are not migrated yet, please send an email to [email protected] for assistance. You are also welcome to trade freely with the new IBKR account.
  3. If you have made requests in eBanking to transfer brokerage cash balances to your EPB current account, Operations is processing pending requests.

For those who did not receive a new IBKR account username & password

  1. If you are a UK resident, IBKR’s decision to permit migration of UK residents’ accounts is currently pending. Once there is new development, we will notify you accordingly.
  2. If you did not qualify to migrate with Euro Pacific Securities to our new “Fully-Disclosed Broker” relationship, you may continue the relationship with Interactive Brokers by opening a regular IBKR retail account, as described here.
  3. You may request transfers of positions from EPT to an existing IB account by providing your brokerage’s user IDs to [email protected].

*If you are uncertain whether you fall into a category or have any general inquiries, please contact [email protected].

Thank you for your continued patience as always through this transition process.

LAST UPDATED: OCTOBER 31, 2024

October 31, 2024: Receiver's Report.

October 16, 2024: Receiver's Notice.

October 04, 2024: Migration Update.

April 16, 2024: Receiver's Reports.

April 13, 2024: Migration & Liquidation update.

March 11, 2024: Receiver's Reports.

March 03, 2024: Migration & Liquidation update.

February 19, 2024: Migration & Liquidation update.

February 02, 2024: Migration & Liquidation update.

November 21, 2023: Migration Update (Opt-in Only).

November 20, 2023: Progress Report (Opt-out Only).

September 22, 2023: Report & Communication Portal.

September 01, 2023: Migration & Liquidation update.

July 20, 2023: Migration & Liquidation update.

June 23, 2023: Migration & Liquidation update.

June 17, 2023: Receiver's report.

May 31, 2023: Migration & Liquidation update.

May 05, 2023: Migration & Liquidation update.

April 20, 2023: Liquidation update- Action required.

March 31, 2023: Migration & Liquidation update.

March 8, 2023: Migration & Liquidation update.

January 27, 2023: Correspondent bank update.

December 16, 2022: Comprehensive FAQ is published.

December 05, 2022: Migration & liquidation update.

November 01, 2022: Mutual funds & outgoing wire requests update.

October 21, 2022: Update on Opt-out deadline - Extended.

October 14, 2022: Customer Update & Townhall.

October 8, 2022: Update on opt-out deadline for EPB clients who do not wish to migrate their account to Qenta Inc.

September 30, 2022: Update on bank liquidation, pending transactions, and migration of assets to Qenta Inc.

September 28, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 16, 2022: Update on pending transactions for clients opting out of Qenta Inc. migration.

September 8, 2022: Qenta has emailed a welcome letter to all EPB clients. You can read a copy of it here.

September 2, 2022: Update on pending transactions, brokerage, and account migration.

August 29, 2022: Euro Pacific Bank liquidation has commenced. Please read our formal instructions here as it is time-sensitive.