Stock trading: Pricing & Fees

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NORTH AMERICA 

Our pricing for stocks, ETFs charges a fixed amount per share or a set percent of trade value and include all NAGA commissions, exchange and most regulatory fees with the exception of the transaction fees, which are passed through on all stock sales.

 

mceclip0.png United States 

Fixed   

Minimum Per Order   

Maximum Per Order

USD 0.006 per share     USD 1.20    1.2% of trade value


Example

100 Shares @ USD 25 Share Price = USD 1.20
1,000 Shares @ USD 25 Share Price = USD 6.00
1,000 Shares @ USD 0.25 Share Price = USD 3.00

 

mceclip1.png Canada 

Fixed   

Minimum Per Order   

Maximum Per Order

CAD 0.012 per share    CAD 1.20    0.6% of trade value


Example

100 Shares @ CAD 25 Share Price = CAD 1.20

 

mceclip2.png Mexico 

Fixed   

Minimum Per Order   

Maximum Per Order

CAD 0.012 per share    CAD 1.20 0.6% of trade value


Example

700 Shares @ MXN 100 Share Price = MXN 84.00

 

TRANSACTION FEES 

(Stocks, ETF, Warrants, Rights, Voting Trust Certificates)    USD 0.0000130 * Value of Aggregate Sales
FINRA Trading Activity Fee    USD 0.000119 * Quantity Sold 6

 

NOTES I 

  1. Plus the applicable exchange, ECN and/or specialist fees based on execution venue.
  2. For orders that are immediately executed against an existing bid or offer on the exchange's order book, an exchange liquidity removing fee will be added. See the TieredNorth America section for details of the exchange fees.
  3. Transaction fees are only charged for sell orders.
  4. Includes NMS, OTCBB, NextShares and Pink Sheet Stocks.
  5. In the event the calculated maximum per order is less than the minimum per order, the minimum per order will be assessed.
  6. Maximum USD 5.95 per trade. In the case of partial executions, each execution is considered one trade.

 

  • Commissions apply to all order types.
  • All exchange fees are included.
  • For clients who send an extraordinary number of non-marketable limit orders to the NYSE, and who route such orders direct to NYSE, rather than using Smart routing, NAGA reserves the right to impose a surcharge in order to defray specialist order handling charges. In this event, NAGA will provide notice to affected clients.
  • VAT also referred to as consumption taxgoods, 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 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.

 

EUROPE 

Our pricing for stocks and ETFs charges a fixed amount per share or a set percent of trade value and includes all NAGA commissions, exchange, and regulatory fees.

 

mceclip3.png Austria

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.12% of trade value    EUR 4.80    EUR 144.00


Example

100 Shares @ EUR 50 Share Price = EUR 6.00

 

mceclip4.png mceclip5.png mceclip6.pngBaltic Region (Estonia, Latvia, Lithuania)

 

 

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.24% of trade value    EUR 12.00    None


Example

100 Shares @ EUR 50 Share Price = EUR 12.00
1,000 Shares @ EUR 50 Share Price = EUR 120.00

 

mceclip7.png Belgium

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.12% of trade value    EUR 4.80    EUR 34.80   


Example

100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80

 

mceclip8.png France

 

Fixed   

Minimum Per Order   

Maximum Per Order

Euro-denominated    0.12% of trade value    EUR 4.80 EUR 34.80
USD-denominated    0.12% of trade value    USD 6.00 USD 54.20


Example

100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80
100 Shares @ USD 75 Share Price = USD 9.00

 

mceclip9.png Germany

 

Fixed

Minimum
Per Order 

Maximum
Per Order

SWB 0.14% of trade value    EUR 7.20    None
FWB 0.12% of trade value    EUR 4.80    EUR 118.80
Chi-X / BATS /
Turquoise DE / Tradegate      
0.12% of trade value    EUR 4.80    EUR 34.80
Xetra - ETFs 0.12% of trade value    EUR 4.80    EUR 34.80
Xetra - Stocks 0.12% of trade value    EUR 4.80    EUR 118.80


Example

100 Shares @ EUR 50 Share Price = EUR 7.20

FWB:
100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 60.00

Chi-X / BATS / Turquoise DE / Tradegate:
100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80

Xetra - ETFs:
100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80

Xetra - Stocks:
100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 60.00

 

mceclip10.png Hungary

 

Fixed   

Minimum Per Order   

Maximum Per Order

Stocks   0.12% of trade value    HUF 240 No Maximum


Example

100 Shares @ HUF 50 Share Price = HUF 240
1,000 Shares @ HUF 500 Share Price = HUF 600

 

mceclip11.png Italy

 

Fixed   

Minimum Per Order   

Maximum Per Order

Stocks, ETFs & Funds    0.12% of trade value    EUR 4.80    EUR 34.80


Example

100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80

 

mceclip12.png Netherlands

 

Fixed   

Minimum Per Order   

Maximum Per Order

Euro-denominated    0.12% of trade value    EUR 4.80    EUR 34.80
USD-denominated    0.12% of trade value    USD 6.00    USD 50.40


Example

100 Shares @ EUR 50 Share Price = EUR 6.00
1,000 Shares @ EUR 50 Share Price = EUR 34.80
100 Shares @ USD 75 Share Price = USD 9.00

 

mceclip13.png Norway

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.06% of trade value    NOK 49.00    None


Example

100 Shares @ NOK 50 Share Price = NOK 49.00
1,000 Shares @ NOK 100 Share Price = NOK 60.00

 

mceclip14.png Poland

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.06% of trade value    PLN 18.00 N/A


Example

100 Shares @ PLN 50 Share Price = PLN 18.00
1,000 Shares @ PLN 50 Share Price = PLN 60.00

 

mceclip15.png Portugal

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.18% of trade value    EUR 7.20    None


Example

100 Shares @ EUR 50 Share Price = EUR 9.00

 

mceclip16.png Spain

 

Fixed   

Minimum Per Order   

Maximum Per Order

All    0.12% of trade value    EUR 4.80    None


Example

100 Shares @ EUR 50 Share Price = EUR 6.00

 

mceclip17.png Sweden

 

Fixed   

Minimum Per Order   

Maximum Per Order

All Other    0.06% of trade value    SEK 58.80    None
EUR-denominated    0.12% of trade value    EUR 4.80    None


Example

100 Shares @ SEK 50 Share Price = SEK 58.80

 

mceclip18.png Switzerland

 

Fixed   

Minimum Per Order   

Maximum Per Order

CHF-denominated    0.12% of trade value    CHF 12.00    None
EUR-denominated    0.12% of trade value    EUR 12.00    None
USD-denominated ETF    0.12% of trade value    USD 12.00    None
GBP-denominated    0.12% of trade value    GBP 7.20    None
USD-denominated Other    0.12% of trade value    USD 6.00    USD 50.40


Example

100 Shares @ CHF 50 Share Price = CHF 12.00

 

mceclip19.png United Kingdom

 

Fixed   

Minimum Per Order   

Maximum Per Order

Up to GBP 50,000 Trade Value    GBP 7.200    GBP 7.20    GBP 7.20
> GBP 50,000 Trade Value    GBP 6.00 + 0.06%
of incremental trade value > GBP 50,000   
GBP 7.20    GBP 34.80
LSE International Order Book and USD-denominated stocks    USD 0.06% of trade value    USD 6.00    None
EUR-denominated stocks    0.12% of trade value    EUR 4.80    EUR 34.80


Example

100 Shares @ GBP 50 Share Price= GBP 7.20
30,000 Shares @ GBP 2 Share Price= GBP 12.00
100 Shares @ USD 100 Share Price = USD 6.00

 

NOTES II 

  1. Stamp taxes (UK=0.5%, Ireland=1%) are directly passed through to the client.
  2. Plus Trade Fee.
  3. In addition to the standard commissions, NAGA will pass thru a trade reporting fee of CHF 1.00 per Trade.
  4. NAGA is also required to charge the Panel of Takeovers and Mergers Levy of GBP 1.00 on all orders over GBP 10,000 on shares of companies registered in the United Kingdom, Isle of Man or Channel Islands.

 

  • Commissions apply to all order types.
  • All exchange and regulatory fees are included.
  • VAT also referred to as consumption taxgoods, 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 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.
  • Effective August 1, 2012, securities issued by French companies with a market capitalization of 1 billion EUR as of January 1, 2012 will be subject to a transaction tax.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax.
  • For European stock Algo orders, NAGA will apply the commission cap as follows:


    For EUR-denominated stocks every EUR 75,000 of executed value a new per order cap will be applied

    For CHF-denominated stocks every CHF 100,000 of executed value a new per order cap will be applied

    For GBP-denominated stocks every GBP 65,000 of executed value a new per order cap will be applied

 

FWB COST PLUS STOCK FEES

Exchange Fee

Product Group   

Fee   

Minimum Per Order   

Maximum Per Order

All    0.0096% of trade value    EUR 0.60    EUR 72.00   

 

Trade Fee

Product Group   

Fee   

Minimum Per Order   

Maximum Per Order

All    0.0504% of trade value    EUR 2.52    N/A

 

Clearing Fee

Product Group   

Fee   

Minimum Per Order   

Maximum Per Order

Fixed    EUR 0.06 + Variable Fee    N/A    EUR 5.06
Variable    0.001% of trade value    N/A    EUR 5.00

 

Regulatory Fee

Product Group    Fee   
All    EUR 0.01 per trade

 

ASIA-PACIFIC 

Our pricing for stocks and ETFs charges a fixed amount per share or a set percent of trade value, and includes all NAGA commissions, exchange and regulatory fees.

 

mceclip20.png Australia

Tier    Fixed    Minimum Per Order    Maximum Per Order
All    0.096% of trade value    AUD 7.20    N/A


Example

400 shares@ AUD 50 Share Price= AUD 19.20

 

mceclip21.png Hong Kong

Tier   

Fixed   

Minimum
Per Order   

Maximum
Per Order

SEHK Stocks    0.096% of trade value    HKD 21.60    N/A
SEHK Warrants, Structured Products    0.096% of trade value    HKD 12    N/A
Shanghai-Hong Kong Connect and
Shenzhen-Hong Kong Connect Stocks   
0.096% of trade value    CNH 18    N/A


Example

400 shares@ HKD 70 Share Price= HKD 26.88

 

mceclip22.png India

Product    Standard    Minimum    Maximum
Stocks    1.2 bps    INR 7.20    INR 24

 

mceclip23.png Japan

Tier    Fixed    Minimum Per Order    Maximum Per Order
All    0.096% of trade value   JPY 96    N/A


Example

100 Shares @ JPY 10,000 Share Price= JPY 960

 

mceclip24.png Singapore

Tier    Fixed    Minimum Per Order    Maximum Per Order
All    0.096% of trade value    SGD 3.00
USD 2.40
HKD 21.60   
N/A


Example

100 Shares @ SGD 50 Share Price= SGD 4.80 

 

NOTES III 

  1. For stocks traded on the SEHK, government stamp duty (0.1% rounded up to the nearest 1.00 for SEHK stocks) and SFC transaction levy (0.0027%) will be passed through to all clients regardless of commission model. Click here for SEHK shares.
  2. For stocks traded on Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect, all external costs will be passed through to clients regardless of commission model. This includes exchange trading fees, clearing fees and government stamp duty. Click here for the fee schedule for Shanghai-Hong Kong Connect and Shenzhen-Hong Kong Connect shares.
  3. Stocks on the NSE are only available to Indian residents.
  4. Up to per order value of INR 1,000,000. Portion of order above INR 1,000,000 will be charged 2 bps.
  5. The maximum per order for NRIs will be INR 150.

 

  • All exchange and regulatory fees are included, except where noted above.
  • Commissions apply to all order types.
  • VAT, also referred to as consumption taxgoods 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 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.

 

HONG KONG STOCK EXCHANGE (SEHK) STOCK AND WARRANT FEES

 

Exchange Fee

Product Group   

Fee   

All Products    0.005% trade value + HKD 0.50 per trade

 

Clearing Fee

Product Group   

Fee   

Minimum

Maximum
All Products    0.002% trade value    HKD 2.00 per trade    HKD 100 per trade

 


Pass-through Fees

Product Group   

Fee   

Stamp Duty    0.1% will be passed on for stock executions
SFC Transaction Levy    0.0027% will be passed on for stocks executions

 

NOTES IV 

  1. HKD 0.50 per trade is a transaction levy which will be included with the exchange fee.

 

SHANGHAI-HONG KONG STOCK CONNECT NORTHBOUND TRADING LINK AND SHENZHEN-HONG KONG STOCK CONNECT FEES 

 

Exchange Fee

Product Group   

Fee   

All Products - Handling Fee    0.00487% trade value
All Products - Security Management    0.002% trade value

 

Clearing Fee

Product Group   

Fee   

All Products    0.004% trade value

 

Pass-through Fees

Product Group   

Fee   

Stamp Duty    0.1% Sale Proceeds

 


 

If you need further assistance, please do not hesitate to contact our staff.

1055095-512.png    Did you know? 

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