EURO PACIFIC TRADER NOW AVAILABLE
Our new brokerage platform, Euro Pacific Trader, has now been released. Apply now through the Euro Pacific eBanking portal
Share CFDs
Share CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.
Index CFDs
Index CFDs use a Fixed pricing structure. Commissions apply to all order types.
Forex CFDs
Forex CFDs use a volume tiered pricing structure. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.
Risk Warning
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 65% of retail investor accounts lose money when trading CFDs with Euro Pacific.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs use a Volume-Tiered pricing structure in which all exchange and regulatory fees are included. Commissions apply to all order types.
Risk Warning
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 65% of retail investor accounts lose money when trading CFDs with Euro Pacific.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Americas
Brazil Share CFDs
| Monthly Value (in BRL) | Per Trade Fee | Minimum per Order (BRL) |
|---|---|---|
| <= 40,000,000 | 0.24% | 30 |
| 40,000,001 – 400,000,000 | 0.20% | 20 |
| > 400,000,000 | 0.16% | 10 |
ExampleBRL 50,000 Value CFD = BRL 120 |
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United States Share CFDs
| Volume (per Month) 1 | Euro Pacific Commission per Share (USD) | Minimum per Order (USD) |
|---|---|---|
| <= 300,000 | 0.020 | 5.00 |
| 300,001 – 3,000,000 | 0.0195 | 5.00 |
| 3,000,001 – 20,000,000 | 0.019 | 5.00 |
| 20,000,001 – 100,000,000 | 0.0185 | 5.00 |
| 100,000,000 | 0.018 | 4.65 |
ExampleIf you execute 500,000 US Share CFDs in a month, your Euro Pacific Commission would be USD 4,800: |
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- Volume tiers are applied based on monthly cumulative trade volume summed across US Share CFDs at the time of the trade. European Share CFD trades will not count towards the monthly volume (and vice versa). The above commissions include all fees and are applied on a marginal basis for a given calendar month.
- All exchange and regulatory fees 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
EMEA
Europe Share CFDs
| Monthly Value (in EUR) 1 | Per Trade Fee | Minimum per Order | |||||||
|---|---|---|---|---|---|---|---|---|---|
| GBP | EUR | CHF | USD | SEK | EUR (Finland) | DKK | NOK | ||
| <= 10,000,000 | 0.1% | 6.00 | 6.00 | 6.00 | 6.00 | 78.00 | 9.50 | 78.00 | 78.00 |
| 10,000,001 – 100,000,000 | 0.06% | 4.00 | 4.00 | 4.00 | 4.00 | 58.00 | 7.00 | 58.00 | 58.00 |
| > 100,000,000 | 0.04% | 2.00 | 2.00 | 2.00 | 2.00 | 58.00 | 7.00 | 58.00 | 58.00 |
Eastern Europe Share CFDs
| Per Trade Fee | Minimum (CZK) 2 | |
|---|---|---|
| Czech Republic | 0.34% | 120 per Trade + 10 per Order |
ExampleCZK 75,000 Value CFD = CZK 255.00 |
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South Africa Share CFDs
| Per Trade Fee | Minimum (ZAR) | |
|---|---|---|
| <= 150,000,000 | 0.24% | 100 per Order |
| 150,000,001 – 1,500,000,000 | 0.20% | 70 per Order |
| 1,500,000,000 | 0.18% | 30 per Order |
ExampleZAR 300,000 Value CFD = ZAR 720 |
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- The CFD tiers are based on the Monthly Trade Value as expressed in EUR. When calculating the Monthly Trade Value in EUR, Euro Pacific converts any non-EUR denominated CFD trade to its EUR-equivalent using the most recent exchange rate. In this way, stock trades denominated in non-EUR currencies will be counted towards the monthly value for commission breaks.
- The minimum fees are additive. For example, an order resulting in a single execution carries a minimum fee of CZK 140. An order executed in two tranches carries a minimum fee of CZK 280.
- Commissions apply to all order types. In addition a surcharge is applied to Euro Pacific Algo orders (VWAP, DarkIce, etc.) for CFDs on European shares as follows:
- GBP denominated 0.03%
- EUR denominated 0.02%
- CHF denominated 0.05%
- EUR (Finnish only) denominated 0.05%
- SEK and DKK denominated 0.20%
- All exchange and regulatory fees 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
Asia-Pacific
Australia Share CFDs
| Monthly Value (in AUD) | Per Trade Fee | Minimum per Order (AUD) |
|---|---|---|
| <= 10,000,000 | 0.1% | 10.00 |
| 10,000,000 | 0.06% | 6.00 |
ExampleAUD 25,000 Value CFD = AUD 25.00 |
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Hong Kong Pass-Through CFD Fees
| Fee | |
|---|---|
| Stamp Duty | 0.10% 1 |
| SFC Transaction Levy | 0.0027% |
Hong Kong Share CFDs
| Monthly Value (in HKD) | Per Trade Fee | Minimum per Order (HKD) |
|---|---|---|
| <= 300,000,000 | 0.1% | 70.00 |
| > 300,000,001 | 0.06% | 76.00 |
ExampleHKD 50,000 Value CFD = Euro Pacific Execution Fee HKD 70 + SFC Levy HKD 1.35 + Stamp Duty HKD 50 = HKD 121.35 |
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Japan Pass-Through CFD Fees
| Fee | |
|---|---|
| Clearing | JPY 2.95 + 0.0004% |
Japan Share CFDs
| Monthly Value (in JPY) 2 | Per Trade Fee | Minimum per Order (JPY) |
|---|---|---|
| <= 9,000,000,000 | 0.06% | 1000 |
| 9,000,000,001 – 20,000,000,000 | 0.04% | 940 |
| > 20,000,000,000 | 0.03% | 930 |
ExampleJPY 500,000 Value CFD = Euro Pacific Execution Fee JPY 1000 + Clearing Fixed JPY 2.95 + Clearing Variable JPY 2.00 = JPY 1004.95 |
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Singapore Share CFDs
| Monthly Value (in SGD) | Per Trade Fee | Minimum per Order (SGD) |
|---|---|---|
| <= 50,000,000 | 0.22% | 10.00 |
| 50,000,001 – 150,000,000 | 0.18% | 9.10 |
| > 150,000,000 | 0.16% | 8.70 |
ExampleSGD 50,000 Value CFD = Euro Pacific Execution Fee SGD 110.00 |
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- Round up to the nearest 1.00
- Tiers are based on the combined Monthly Trade Value expressed in JPY of CFD and Share trades. The per trade fee is applied on a marginal basis, in the same way as for Europe and the US.
- Commissions apply to all order types. In addition a surcharge is applied to Euro Pacific Algo orders (VWAP, DarkIce, etc.) for CFDs on Asian shares as follows:
- AUD, HKD, and SGD denominated 0.10%
- All exchange and regulatory fees 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 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
Index CFDs use a Fixed pricing structure. Commissions apply to all order types.
Risk Warning
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 65% of retail investor accounts lose money when trading CFDs with Euro Pacific.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
North America
| Contract | Euro Pacific Symbol | Per Trade Fee | Minimum per Order | Multiplier 1 |
|---|---|---|---|---|
| US 500 | IBUS500 | 0.02% | USD 5.00 | 1 |
| US 30 | IBUS30 | 0.02% | USD 5.00 | 1 |
| US Tech 100 | IBUST100 | 0.025% | USD 5.00 | 1 |
Example1 IBUS30 Contract with Trade Value USD 25,000 = USD 5.00 |
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Europe
| Contract | Euro Pacific Symbol | Per Trade Fee | Minimum per Order | Multiplier 1 |
|---|---|---|---|---|
| UK 100 | IBGB100 | 0.01% | GBP 2.00 | 1 |
| EURO 50 | IBEU50 | 0.020% | EUR 2.00 | 1 |
| GERMANY 30 | IBDE30 | 0.01% | EUR 2.00 | 1 |
| FRANCE 40 | IBFR40 | 0.020% | EUR 2.00 | 1 |
| SPAIN 35 | IBES35 | 0.020% | EUR 2.00 | 1 |
| NETHERLANDS 25 | IBNL25 | 0.020% | EUR 2.00 | 1 |
| SWITZERLAND 20 | IBCH20 | 0.020% | CHF 2.00 | 1 |
Example1 IBNL25 Contract with Trade Value EUR 25,000 = EUR 5.00 |
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Asia-Pacific
| Contract | Euro Pacific Symbol | Per Trade Fee | Minimum per Order | Multiplier 1 |
|---|---|---|---|---|
| JAPAN 225 | IBJP225 | 0.020% | JPY 940.00 | 1 |
| HONG KONG 50 | IBHK50 | 0.020% | HKD 78.00 | 1 |
| AUSTRALIA 200 | IBAU200 | 0.020% | AUD 2.00 | 1 |
Example1 IBHK50 Contract with Trade Value HKD 30,000 = HKD 78.00 |
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- Times index level. For example: If the index level for IBUS500 is 1550
Minimum order size 1 unit x 1550 = USD 1550
Our tight spreads and substantial liquidity are a result of combining quotation streams from 16 of the world’s largest foreign exchange dealers which constitute more than 60%1 of the market share in the global interbank market. This results in displayed quotes as small as 0.1 PIP. Euro Pacific passes through the prices that it receives and charges a separate low commission. We do this in the interest of providing a transparent pricing structure instead of marking up our quotes and charging nothing in commissions as is the practice with many forex brokers. Tiers are based on the combined Monthly Trade Value of Forex CFD and Spot Forex trades.
| Monthly Trade Amount2 | Commissions | Minimum per Order2 |
|---|---|---|
| USD <= 1,000,000,000 | 1.40 basis point3 * Trade Value4 | USD 4.00 |
| USD > 1,000,000,001 | Contact Us | Contact Us |
Example10,000 USD/CAD Forex Contracts = USD 4.00 |
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Risk Warning
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- 65% of retail investor accounts lose money when trading CFDs with Euro Pacific.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Or USD currency equivalent
- 1 basis point=0.0001.
- Commissions for forex trades are calculated off the trade value and then converted and charged to the base currency of the account.
- Commissions apply to all order types.
- All exchange and regulatory fees included.
- Euro Pacific’s Tiered commission models are not intended to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in Euro Pacific’s Tiered commission schedule may be greater than the costs paid by Euro Pacific to the relevant exchange, regulator, clearinghouse or third party. For example, Euro Pacific may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by Euro Pacific may be less than the rebates Euro Pacific receives from the relevant market. For example, Euro Pacific may receive enhanced rebate payments for exceeding volume thresholds on particular markets, but typically will not pass these enhancements directly to clients.
- 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.
- VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
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.