Euro Pacific Bank

Should I place a SMART or Direct order?

SmartRouting

Euro Pacific Trader (EPT) offers a feature called SmartRouting, short for “smart order routing”.

SmartRouting software continually scans competing markets and automatically routes orders directly to the best electronic communications network (ECN) or market center, based on price and with the goal of cost savings for you the trader. It also takes into account factors such as the availability of automatic order execution.

To use SmartRouting on your order, select SMART in the Destination field of your order ticket.

Direct Routing

Each ECN and market center administers its own set of trading rules.

If you do not select SmartRouting, you may “direct route” your order. Please familiarize yourself with the various trading and order handling rules of those market venues.


1Disclaimers:

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.

Euro Pacific Trader Activation Procedures

euro pacific trader
Updated: June 27, 2019

Overview

In order to complete the migration of your Global TradeStation (GTS) brokerage account to Euro Pacific Trader (EPT), your new Interactive Brokers-powered platform1, you must “activate” your EPT account as soon as possible. Please follow the instructions below and refer to the Migration Timeline for future milestones.

Activation Instructions

1. Login to your eBanking

Read our recent secure message with the subject line IMPORTANT: Activate your new Euro Pacific Trader account now.


Haven’t received the secure message?

1. We are still sending out secure messages this week to our final set of GTS clients. You may email [email protected] to ask if your account is on our migration list.
2. We may also be trying to contact you to gather missing information or documentation on your account. Please check your recent secure messages for any unread mail.

2. Log into your EPT Client Portal

After logging into your EPT Client Portal for the first time, you will be asked to complete a short, electronic compliance form. This information will be used to process US Source Income every year, a mandatory regulatory requirement.

Note: Some clients may be required to fulfill outstanding document such as a W8 or CRS Form or may be requested additional documentation like a new, scanned proof of address, in order to keep our records up to date.

3. Check your account activation status

If you have logged into your Client Portal successfully and submitted your compliance form, your EPT account will be activated shortly, unless more information or documentation is required. To check your Account Activation Status, simply log into your Client Portal again.

If your account is activated, you will arrive at your Client Portal home page successfully.

If you have any questions about where you are in the activation process after you have submitted the compliance form, please send us an eBanking secure message or email [email protected] and we will reply confirming the status of your Euro Pacific Trader account.

4. Trading enabled

As noted in the Migration Timeline, starting July 1st, all activated Euro Pacific Trader accounts will be:

  1. Enabled for live trading and enabled for funding.
    Your new EPT account will be added to your eBanking “Transfer Between Own Accounts” function, so that you can fund it. Please note your brokerage account will be a new 10-digit account number.
  2. Credited with your GTS open equity positions completely or partially.
    This will occur gradually over the period of July 1-19th.

  Potential Trading Downtime

Please note that migrating your open equity positions from your GTS to EPT account may lead to a brief period of trading downtime on any transferred positions. As a result, after your GTS positions are removed, there may be a brief delay before they become visible in your EPT account.

Due to the complexity of the migration and the global nature of our offering, some positions may appear before others. Please be patient as we complete this process throughout the month of July.

5. Happy trading

Initially, we will offer two platforms—the entry-level Client Portal and the flagship TraderPro. Click below to learn which is the most suitable for you.

Please note that the first time you log into your EPT account, you will be required to enable Two-Factor Authentication (2FA), per our security policies. You will be asked to go to a website and download the iOS and Android-based 2FA application.

Learn more →

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6. View your account

To view your EPT cash balance and positions, please login directly to your Client Portal or TraderPro platforms. Due to the migration, your eBanking dashboard’s External Products section will not reflect an accurate balance at this time, but we do intend to re-launch this feature in the near future.

7. Re-enter any open orders

Unfortunately, open orders such as Stop Losses and Take-Profit (Limit) currently in your Global TradeStation (GTS) platform are tied to Saxo Bank and therefore cannot be migrated. If you have any open orders you’d like to maintain, please re-enter them in Euro Pacific Trader after your positions have been migrated there.


Concerned about your open equity positions?

Rest assured—all qualified migration clients’ open equity positions will be held by Euro Pacific Securities until the corresponding client has completed the instructions below and your open equity positions will not be forced liquidated. If you have received an eBanking secure message with your new Euro Pacific Trader login details, you qualify for the brokerage migration.

Note: Not all open equity positions can be migrated. There is a shortlist of equities that are not supported by our new custodian. Affected clients will be notified accordingly when this list is finalized.


1Disclaimers:
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.

Timeline for GTS Migration

euro pacific trader

Updated: July 15, 2019

This is our expected timeline for the migration of Global TradeStation (GTS) accounts to the new Euro Pacific Trader accounts at our new custodian, Interactive Brokers1. If we foresee any changes, we will update this page and notify you accordingly.

Date Milestone Comments/Instructions
April 15, 2019 Initial Notice: Brokerage Custodian Change Announced change of brokerage custodian to all GTS clients.
May 24, 2019 Notice: Announced New Custodian Relationship Announced new custodial relationship with Interactive Brokers1.
June 4, 2019 Notice: Announced Euro Pacific Trader Introduced clients to Euro Pacific Trader (powered by Interactive Brokers1), that will be replacing GTS.
June 17, 2019 Migration Opt Out Deadline For clients who do not want to migrate their GTS account to our new custodian and instead want to transfer out their GTS account positions, today was the last day. Clients may transfer positions after their GTS migration is complete.
June 21, 2019 Notice: Activate your Euro Pacific Trader account We described how to activate your Euro Pacific Trader account and start the migration of your open equity positions. We also recommend transferring any unused GTS cash balances back to your bank account at this time using the eBanking Transfers function. Do not transfer any cash that is collateral for your margin product positions.
Note: Not all clients have received their new EPT login details yet, as we are processing the final set of clients.
June 30, 2019 All Buy Orders Disabled Saxo Bank will stop all buy orders of securities on GTS, and only sell orders will be allowed.
June 30 – July 19, 2019 Liquidation of Non-Transferable Positions All open margin product positions (options, CFDs, FX, futures, etc.) – as well as non-transferable equity positions – will be liquidated over this period.
July 1 – 31, 2019 Euro Pacific Trader Live Trading & Transfers Enabled Clients who have completed the EPT activation process by logging in for the first time and completing it in full may log into their EPT platform and start trading.
Update: Based on our custodian’s current rate of account activations, we have extended the expected completion date to July 31st.
July 1 – 31, 2019 Migration of Equity Positions From Saxo Bank to Interactive Brokers1 We will be moving stock, ETF, and bond positions from your GTS account to Interactive Brokers1. Please wait further instruction on the exact schedule that pertains to your GTS account.
Update: Based on Saxo Bank and Interactive Brokers’ outstanding logistical and administrative requirements, we have extended the expected completion date to July 31st.
July 29, 2019 Equity Positions Removed From Saxo Bank Equity positions were removed from GTS accounts and settled in our administrative Interactive Brokers1 account today. Next, we will allocate the positions to your Euro Pacific Trader account, if it has been activated. We will not be able to allocate your positions to your EPT account until it is fully activated, please contact Sales & Trading if you are unsure about your EPT activation status.
July 31, 2019 Client Access to GTS Revoked Statements and account information can still be requested manually for exceptions. Please download all necessary statements before this date.
August 5 – 9, 2019 Allocating Equity Positions to Your EPT Accounts Your stock, ETF, and bond positions from your GTS account will be allocated from our administrative account at Interactive Brokers1. Thank you for your continued patience as this is a complex and manual process. If your positions have not been allocated to your EPT account yet and you need to liquidate any shares, please contact Sales & Trading immediately.

Update: A majority of positions were successfully allocated on August 9th. Some positions have not been allocated due to settlement delays between Saxo Bank and Interactive Brokers, however these remaining positions will be allocated starting the week of August 12th.

August 15, 2019 Euro Pacific Trader Education As this is a new platform, for clients who are not familiar with the technology (powered by Interactive Brokers1), we will be sending out training materials.

For all questions pertaining to the migration, please contact Sales & Trading at [email protected] or Schedule a Call.


1Disclaimers:

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.