Euro Pacific Bank

How do I transfer my securities to another broker?

The purpose of this article is to assist you transfer positions from your Euro Pacific Trader brokerage account to another broker of your choice.

Disclaimer

  • Only equities (stocks, ETFs, and bonds) are eligible for transfer
  • Your receiving brokerage account’s account name must match your account name with us, i.e. first party
  • We cannot guarantee that your receiving broker supports all of your securities
  • A standard transfer fee will be applied

Transfer Process

1. Gather your transfer details

We will need:

  • Receiving broker’s name
  • Account name at receiving broker
  • Account number at receiving broker
  • Receiving Broker’s email address
  • Assets to be transferred (Name, Symbol, Quantity)

2. Submit your request

After gathering the information above, please create a case inside your eBanking stating your request and include/attach your information compliance pre-approval.

3. Transfer initiated with your broker

Interactive Brokers1, our brokerage custodian, will initiate contact with your receiving broker. Transfer times vary greatly, depending on how responsive your receiving broker’s transfer department can communicate with Interactive Brokers. The average transfer takes 1-2 weeks.

Please notify your receiving broker and do not trade while your transfer is pending.

After you have completed your transfer form, please refrain from buying or selling equities, to prevent complications during the securities transfer. Please also notify your receiving broker that Interactive Brokers will be contacting them to initiate the securities transfer.

4. 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 receiving brokerage account periodically for the securities.

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.

Energy Futures Risk Policy Update: April 27, 2020

Due to the current high volatility in energy products, as well as the recent decision by certain exchanges to support negative pricing for a number of energy contracts, Euro Pacific Securities, Inc. has made the following policy changes to its expiration / near-expiration risk policies, effectively immediately.

Two Day Closeout Policy

Cash-settled contracts will be subject to the same liquidation schedules as the physical delivery contracts against which they are indexed.

By example, this will mean that both physical delivery contracts such as [email protected] (physically settled) and [email protected] (cash settled) will both be subject to mandatory closeout commencing the beginning of the regular trading session 2 days ahead of their respective expirations.

Note: The commencement of expiration risk and position reduction policies varies slightly based on the contractual details of the specific underlying commodity product , but is always referential to the earlier of:

  • Last trading date
  • Expiration date
  • First notice date

Five Day Risk Reduction Policy

Starting 5 business days ahead of expiration, only risk-reducing orders in expiring month contracts will be accepted.

Orders that open or increase positions, as well as increase the expiration month risk will not be accepted. Position closing orders and margin reducing will always be accepted.

Applicable Products

SymbolSecurity DescriptionSettlement Method
CLLight Sweet Crude Oil FuturesPhysical Delivery
WTIICE West Texas Intermediate (WTI) Light Sweet Crude Oil FuturesCash
QME-mini Crude Oil FuturesCash
BZBrent Crude Oil Last Day Financial FuturesCash
BBBrent Crude Oil FuturesCash
HONY Harbor ULSD (HO) FuturesPhysical Delivery
RBRBOB Gasoline FuturesPhysical Delivery
HOILICE Heating Oil FuturesCash
RBOBICE RBOB Gasoline FuturesCash
QUE-mini RBOB Gasoline FuturesCash
COILICE Brent Crude FuturesCash
GOILICE Gasoil FuturesPhysical Delivery
QHE-mini MY Harbor ULSD FuturesCash

This list is subject to change.

How do I monitor my margin requirements?

Monitor your margin requirements in real-time. The margin monitor tool helps you view the margin impact of orders and positions, as well as set up margin alerts to track your margin usage. The location of the margin monitor tool depends on which platform you are accessing it from.

Your Portfolio Details screen displays key account information and allows you to monitor the market value of your account, margin requirements, cash balances and current position information.

In your Client Portal, go your menu and click on Portfolio > Details.

client portal margin

Your Account window displays key account information and allows you to monitor the market value of your account, margin requirements, cash balances and current position information. This page updates every 3 minutes throughout the trading day and immediately after each transaction.

traderpro
 

To monitor the margin impact of a new order:

  • In TraderPro’s Mosaic layout, use the Advanced button in the Order Entry window then select Check Margin.
  • In TraderPro’s Classic layout, right click on the order row and select Check Margin from the drop-down menu. Also available in WebTrader.

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.

How do I change my password?

Please follow this procedure to change your existing Euro Pacific Trader password.

Step 1: Login to your Client Portal

Login to your Client Portal and go to your Settings > User Settings page in your Menu.

client portal change password
 

Step 2: Do you see your email address in the Communication section?

Yes, I see my email address

If you see your own email address, please proceed to Step 3.

No, I see [email protected]

Before you proceed to the next step, please schedule a call with our Client Services team, as we will need to be on the phone with you to provide you a Security Token.

client portal change password email
 

Step 3: Create your new password

Click the cog icon to the right of Password to go to the main password page, where you will be required to enter your existing password and new password of your choice.

Step 4: Enter Security Token

To accept your new password request, your Client Portal will send a Security Token to the email address listed in Step 2. Hence why if the Security Token is sent to [email protected], you’ll need our Client Services team to provide you the token verbally.

client portal password security token

Old vs. New Client Portal

The Euro Pacific Trader brokerage account and its technology provider Interactive Brokers1 offers four trading platforms , the primary platform being the Client Portal. Below are screenshots of the new version of the Client Portal:

client portal login
 
client portal dashboard
 
client portal charts
 

Important Note to Corporate Clients

Currently, the new version of the Client Portal is available only individual Euro Pacific Trader clients, while corporate Euro Pacific Trader clients have access to only the older version.

The reason is that Interactive Brokers upgraded individual users first, and is currently working on rolling out the new Client Portal to corporate users. We expect them to finish later in 2020.

Technical Limitations

The corporate (old) version of the Client Portal has several technical limitations:

  • No Charts – Because the corporate Client Portal runs on Interactive Brokers’ older WebTrader technology, its trading module does not display charts and graphs at this time.
  • No Portfolio News – Please utilize third party sources for market news and updates.
  • No Corporate Events Calendar – Corporate events such as Dividends and Splits will be processed automatically, as usual, however calendar events are not available.
  • No Watchlists – A Watchlist a a list of instruments that you are interested in tracking, along with their current prices. For now, please manage your watchlists indepedently.
client portal quicktrade
 

Solution

Interactive Brokers has informed us that they will be upgrading corporate Euro Pacific Trader clients to the new Client Portal later in 2020.

While we wait, we propose that you trade on the TraderPro and/or the MobileTrader, two robust platforms available to all corporate clients.

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.

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.

Benefits

  • Transfer in free of charge
  • Consolidate your portfolio
  • We’re a bank/brokerage combo
  • Access four powerful platforms
  • Access 125+ markets
  • Transparent, low commissions

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.

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.

mobiletrader home

Download Now

Download and install the app by clicking the buttons below, and then activate the application within minutes.

Download on the Apple App Store
Download from Google Play
 
 

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.

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.

Trading Restrictions: EU Regulations

Why can’t I buy this security?

Retail clients residing in the European Economic Area (EEA) are restricted from buying certain securities on their Euro Pacific Trader accounts because they do not comply with one or more of the European Union legislative acts called MiFID II, MiFIR, and PRIIPs, described below.

As a result, it is the responsibility of firms like us and our brokerage custodian, Interactive Brokers1, to enforce these regulations when serving retail investors, and unfortunately certain securities will not be available to European Economic Area residents.

Most popularly, restricted securities include US-listed exchange-traded funds, or ETFs.

In general, the objective of these EU regulations is to help consumers properly evaluate investment products and services and make more informed investment decisions. They do this by requiring manufacturers and intermediaries of trading products (such as ETF issuers) to disclose specific information on the costs, risks, and performance of those products.

European Regulations

Markets in Financial Instruments Directive (MiFID II)

Created in 2014 and going into effect in 2018, MiFID II replaced the original 2004 MiFID legislation and is a much wider ranging. In addition, much of the trade reporting requirements were published in a separate document called, Markets in Financial Instruments and Amending Regulation (MiFIR) that has 55 articles of its own.

Markets in Financial Instruments Regulation (MiFIR)

The main focus of MiFIR is related to rules and reporting requirements of executions. Although MiFIR was technically passed as its own regulation, it is nearly always referred to in connection to MiFID II. This is due to much of MiFIR’s content being an updated version of reporting rules in the original 2004 MiFID legislation.

Packaged Retail & Insurance-based Investment Products (PRIIPs)

The PRIIPs regulation requires every products manufacturer and distributor to provide retail investors with a Key Information Document (KID). KIDs are standardised, three page documents that provide specific information such as the aggregated charges associated with a PRIIP as well a breakdown of costs, its perceived riskiness, and a variety of performance scenarios.

If no KID is available from the manufacturer, the PRIIP will be restricted from trading for EEA retail customers.

What are my options?

In order to trade the security in question, these regulations require us to re-classify you from “Retail” to “Professional”, based on certain qualitative and quantitative requirements:

Qualitative Requirements

We must conduct an assessment of the your expertise, experience and knowledge to ensure that you are capable of making your own investment decisions and that you understand the risks involved.

Quantitative Requirements

You must satisfy two of the following criteria:

  • You have carried out trades in significant size (EUR 200,000 or greater) on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters;
  • Your entire portfolio including cash (and positions not held with us) exceeds EUR 500,000;
  • You have worked in the financial sector for at least 1 year in a professional position.

If you believe your account meets the above criteria, please contact us at [email protected].

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.

Disclosure of Risks of Margin Trading

Euro Pacific Securities (“EPS”) is furnishing this document to you to provide some basic facts about purchasing securities, forex, futures and other investment products on margin, and to alert you to the risks involved with trading in a margin account. “Margin trading” can mean engaging in a transaction in which securities are purchased partially through a margin loan extended to you by EPS (for the MetaTrader 4 platform), or Interactive Brokers (“IB”)1 (for the Euro Pacific Trader platform), for which the securities act as collateral. Margin trading can also mean trading investment products such as futures or options in which an initial “margin” deposit is made to secure your obligations and further margin may be required to secure your obligations as the value of your positions changes.

Before trading stocks, futures or other investment products in a margin account, you should carefully review the margin agreement provided by EPS and you should consult EPS regarding any questions or concerns you may have with your margin accounts.

When you purchase securities, you may pay for the securities in full or you may borrow part of the purchase price from EPS, or IB. If you choose to borrow funds from EPS, or IB, you will open a margin account with the firm. The securities purchased are EPS’s or IB’s collateral for the loan to you. If the securities or futures contracts in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, EPS, or IB can take action, such as sell securities or other assets in any of your accounts held with EPS or issue a margin call, in order to maintain the required equity in the account.

You should understand that pursuant to the EPS Margin Agreement, EPS, or IB generally will not issue margin calls, that EPS, or IB will not credit your account to meet intraday margin deficiencies, and that EPS, or IB generally will liquidate positions in your account in order to satisfy margin requirements without prior notice to you and without an opportunity for you to choose the positions to be liquidated or the timing or order of liquidation.

In addition, it is important that you fully understand the risks involved in trading securities or futures contracts on margin. These risks include the following:

  • You can lose more funds than you deposit in the margin A decline in the value of securities or futures contracts that are purchased on margin may require you to provide additional funds to EPS or you must put up margin to avoid the forced sale of those securities or futures contracts or other assets in your account(s).
  • EPS, or IB can force the sale of securities or other assets in your account(s). If the equity in your account falls below the maintenance margin requirements, or if EPS, or IB has higher “house” requirements, EPS, or IB can sell the securities or futures contracts or other assets in any of your accounts held at the firm to cover the margin deficiency. You also will be responsible for any shortfall in the account after such a sale.
  • EPS, or IB can sell your securities or other assets without contacting Some investors mistakenly believe that a firm must contact them for a margin call to be valid, and that the firm cannot liquidate securities or other assets in their accounts to meet the call unless the firm has contacted them first. This is not the case. As noted above, EPS, or IB generally will not issue margin calls and can immediately sell your securities or futures contracts without notice to you in the event that your account has insufficient margin.
  • You are not entitled to choose which securities or futures contracts or other assets in your account(s) are liquidated or sold to meet a margin EPS, or IB has the right to decide which positions to sell in order to protect its interests.
  • EPS, or IB can increase its “house” maintenance margin requirements at any time and is not required to provide you with advance written notice. These changes in firm policy often take effect immediately. Your failure to maintain adequate margin in the event of an increased margin rate generally will cause EPS, or IB to liquidate or sell securities or futures contracts in your account(s).
  • If EPS, or IB chooses to issue a margin call rather than immediately liquidating undermargined positions, you are not entitled to an extension of time on the margin call.

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.