Fees & Commissions
Frankfurt Xetra Fees
| Fees for transactions with shares, ADR/GDR, ETF, warrants and certificates at Xetra | Fee for executed order |
|---|---|
| Commission plan "Investor" | EUR 4,00 + 0.19% |
| Commission plan "Trader" (over 25 trades per month) | EUR 3,00 + 0.09% |
Commission plan for transactions with bonds: EUR 4,00 + 0.25%. Additional fee for voice and e-mail orders or trading floor orders – EUR 5.00.
Lower commission fees are applicable only to transactions made after the commission plan was switched. Commission plan is switched on client’s request.
Securities transfer: upon request, max. EUR 200 per transfer of shares of each issuer (ISIN).
Outgoing money transfers of EUR 100 000 and more can cause an additional fee of up to 0.15% by the third party banks.
Trading platform fees (monthly)
TRANSAQ-Xetra 10 EUR (non-pro user)
TRANSAQ-Xetra 60 EUR (pro)
US Markets fees
(I). ROX® Equities
| Volume per month (shares) | Commissions | |
|---|---|---|
| Over | Up to | |
| 1 | 10 000 | 1.2 cents per share ($2.75 minimum per trade) |
| 10 001 | 80 000 | 0.9 cents per share ($1.00 minimum per trade) |
| 80 001 | 300 000 | 0.7 cents per share ($1.00 minimum per trade) |
| 300 001 | 1 mln | 0.5 cents per share ($1.00 minimum per trade) + free trading platform |
| 1 mln + | 0.3 cents per share ($1.00 minimum per trade) + free trading platform | |
Overnight short positions cause the “Net Rebate Rate” fee of 0%-9.6% a year depending on the accessibility of the custom stock, but not less than $5 for each position held overnight.
Third party margin loan for long leveraged positions overnight: 9% + US Federal Funds Rate.
Non-US exchanges: 0.25% plus costs to WhoTrades Ltd.
Options
$2.15 per contract <= 100 trades per month $1.75 per contract > 100 trades per month
Futures
$2.75 per contract (e-mini) <<= 50 contracts per month
$1.75 per contract (e-mini) > 50 contracts per month
$1.65 per contract (e-mini) > 1000 contracts per month
(II). ECN and Routing
| Route Name | Route | Exchange | Fee Per Share |
|---|---|---|---|
| OTC and Listed | |||
| MNDG | Penson Managed Route | OTC & Listed | Free |
| ISLD | NASDAQ Market Center | OTC & Listed | 0.0025 (1) |
| ARCA | NYSE ARCA | OTC & Listed | 0.0040 (2) |
| ATD | AutoTrade Desk | OTC & Listed | 0.0020 |
| EDGE | Direct Edge ECN | OTC & Listed | 0.0030 |
| BTRD | Bloomberg ECN | OTC | 0.0050 |
| CITX | City Index | OTC & Listed | 0.0020 |
| BATS | BATS ECN | OTC & Listed | 0.0030 |
| Listed Only | |||
| NYSE / AMEX | Super Dot | Listed – NYSE/AMEX | 0.0030 (3) |
| MLX | Super Dot | Listed – NYSE/AMEX | 0.0030 (3) |
| OTCBB Only | |||
| ARCA | ArcaEdge | OTCBB | 50 Bps |
| ATD | AutoTradeDesk | OTCBB | 5.00 Flat Fee |
| MNDG | Penson Managed Route | OTCBB | Free |
| CITX | City Index | OTCBB | 5.00 Flat Fee |
Pricing does not include any pass-through SEC or NASD trading activity fees.
- All Market Orders are an additional 0.001 per share.
- Odd lot orders (orders under 100 shares) on listed stocks may be charged an extra handling fee charge of 0.026 per share.
- Listed specialist charge an additional Billable Fees of 0.0065 per order (0.009 for MLX) for the following orders:
AMEX Exchange: Any orders over 2,099 shares or shares executed after 2 minutes.
Pricing for ECN and other third party services can be changes by respective third party without prior notice.
NYSE Exchange: Any shares executed after 5 minutes
(III). Trading platform fees (monthly)
| FinamTrade | $10 |
| ROX® | $59 |
(ROX® is a registered trademark of ROX Systems Inc. ®)
Fees for transactions at US Markets (incl. NYSE, NASDAQ) through Interactive Brokers LLC
Asset management fees:
Annualized Percentage of Net Liquidation Value applied on a daily basis: 20% payment per quarter.
Brokerage fees:
US stocks: 1.1 cent per share, but 6 $ per trade minimum.
European, Asian, South American, Canadian stocks: 0,25% of trade volume, 20$ per trade minimum.
US and European options: $2 per contract
US futures: $2 per contract
(IV). Other fees
Money transfers:
incoming wire – please see banking fees in the “Bank charges” sector
outgoing wire - $30 plus banking fees in the “Bank charges” sector
Additional fee for voice and e-mail orders – $ 5 per executed order.
Commission fee for bond trading - 0.25%.
Securities transfer: upon request, max. $ 200 per transfer of shares of each issuer (ISIN).
Fee for the participation in the purchase of a new issue: 0,128% (OTC transaction fee) + 0,636% (allocation fee) = 0,764% min $100 (EUR100) for one successful transaction.
Fees for “Financial market analysis” service
| Markets | Fees (commission plan “Full Service”) |
|---|---|
| Frankfurt (Xetra) | Additional fee: 0,1% from executed order, monthly minimum - EUR 75 |
| US Markets: equities | 2 cents per share ($5 minimum per trade) |
| US Markets: options | $5 per contract |
| US Markets: futures | $5 per contract |
BANK CHARGES
1. CYPRUS DEVELOPMENT BANK
Incoming funds:
Incoming funds are not charged irrespective of currency.
Withdrawal of funds :
Payment in EUR from any currency a/c: 0.1% Min ˆ6 – Max ˆ150
Payment in Foreign currency from same currency a/c: 0.1% Min ˆ6 – Max ˆ150
Please note that the commission of correspondent Bank may apply
Conversion
Payment in Foreign currency from different currency a/c: 0.1% Min ˆ6 – Max ˆ150
Same day value: Additionally: 0.05% Min ˆ25 – Max ˆ150 (Applicable only for transfers ˆ to ˆ and same FCY.
Service n/a for transfers ˆ to FCY or FCY to ˆ)
2. OJSC PROMSVYAZBANK, CYPRUS BRANCH
Incoming funds:
Incoming funds are not charged irrespective of currency.
Withdrawal of funds:
In US dollars – commission 0.12 % of the amount with minimum 12 USD and maximum 20 USD
In EUR – commission 30 EUR
Conversion:
free of charge at the bank’s exchange rate
Payment clarification – 50$ for currency transfers and 1500 RUR for Russian Rubles transfers.
3. MARFIN POPULAR BANK PUBLIC CO LTD (LAIKI BANK)
Incoming funds
Commission 4,27 EUR if sum up to 854 EUR
Commission 8,54 EUR if sum more than 854 EUR
Withdrawal of funds
0.05% of the amount, but not less than ˆ2 and not more than ˆ50 and additional ˆ50 for Same Day value transfers. Transaction fees flat ˆ5.
Please note that the commission of correspondent Bank may apply
Conversion
From local currency (EUR) or to local currency (EUR)
- 0,5% if sum up to 42000 Euro
- 0,4% if sum more then 42000 Euro
Other currencies (USD, RUR etc.)
- 0.15% with minimum 10 EUR, maximum 342 EUR
4. ACQUIRING FOR DEBIT/CREDIT CARDS
(via the online payment system of Master Bank)
Fees
No fee is charged for funds transfer to a trading account held with MetaTrader Finam Ltd.
A 3.5% fee is charged for funds transfer to any other trading platform*
Currency of the transfer
- USD
- EUR
Payments
The minimum amount of transfer is USD 100.00, EUR 100.00
The maximum amount of transfer is USD 2,000.00, EUR 2,000.00
Conversion
If the currency of payment and the currency of a card do not match, the amount transferred will be automatically converted at the exchange rate set by the payment system and the issuing bank.
* Money is transferred to another trading system by submitting an application to transfer money from the online trading platform MetaTrader Finam Ltd to another trading system opened as part of the brokerage agreement.
