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What would you prefer: a high probability of a good profit or the greatest possible security for the invested funds? The question is, of course, rhetorical - both factors are important when working in the financial markets. Anyhow, the bonds are in some cases considered to be the most secure financial instruments, while in other cases the bonds could be risky and potentially high-yield investment.

The European brokerage company FXFINPRO Capital offers a wide range of public, cooperative and other bonds, which could provide the opportunity not only to maintain but also to increase your funds even in the most volatile periods*.

Types and features of bonds

A bond is a kind of debt "receipt", the investor gives his money as a loan to the issuer of the security. A private company and the state can act as such. In return for the funds provided the investor receives a certain interest to be paid annually, which is called the "coupon". The total bond price will be paid to its owner after the expiration of the loan.

The investment of funds in bonds is much like an interest-bearing debt.

Therefore, the main parameters of the bonds, to which the foremost attention shall be paid, are the following:

  • Maturity Date is the moment in which the final payment to the bondholders is made. The terms can be very different, and the maximum is 30 years. The 5-year and 10-year bonds are the most popular, but there are securities with a shorter float period.
  • Coupon, as it has been said above, is an interest, which is regularly (usually annually or semi-annually) paid to the holder. This interest can be either fixed or floating. When buying the bond, along with the bond price the buyer usually pays to the seller the accrued interest“ the part of the coupon in proportion to the time passed since the last coupon payment.
  • Face value is the amount payable to the holder upon the bond redemption. It is important to understand that bonds are sold at their face value only on the primary market - that is, "newly issued." They can be traded at lower or higher prices in the secondary market.

FXFINPRO Capital offers its customers the trading access to bonds issued by corporations and government institutions in the USA, Europe, India, China and many other countries. Depending on your strategy and subject to your risk profile, financial conditions and investment objectives, you can top up your investment portfolio with treasury bonds, corporate or sovereign bonds to potentially protect the assets and increase income*.

Benefits of bond trading

Acquisition of coupon income “ is not the only possible benefit that can be obtained upon bonds trading. Let's consider some of the benefits of these securities.

  • Risk control. Upon buying the bonds you can fairly accurately calculate the level of income and possible losses. Sure, to do this, all the available information about the bond issuer shall be carefully examined.
  • Wide choice. The European broker FXFINPRO Capital provides access to bonds with various yields and maturities. Important: as a rule, the risk increases along with the yield.
  • Getting speculative profit. The bonds trading, in essence, doesn't differ much from stocks or futures speculation, and herewith the FXFINPRO Capital broker is ready to give you leverage. Note that the volatility in the bond markets is usually lower, especially when trading the high-grade bonds, which could reduce the market price risks for the trader.

The bonds are not only a great solution for the portfolio stabilization or hedging of positions. For example, US Treasury bonds are the financial instruments with good liquidity, amenable to technical analysis. Sometimes, there is a quite clear correlation with the stock market: often upon the fall of shares, the bond prices begins to rise*.

Naturally all the above are subject to change the lower the credit rating of the respective bond issuer.

How it works

Let's see how much profit corporate bonds can bring, for example, as the relatively conservative investments designed to invest money.

The investor decides to buy the number of bonds issued by company M for USD 10 thousand. The bond face value is $500, the maturity period is 5 years, and the fixed coupon is 5%. Thus it is possible to buy about 20 bonds, although here we do not take into account some minor costs related to the broker commission fees, depositary services, etc.

The investor will receive the coupon payments of $500 annually, and as a result the investment will bring $2,500 for 5 years, which is 25% of the invested 10000.

Of course, there may be circumstances under which the issuer is unable to make payments, and even to return the face value on maturity. The same as when dealing with any financial instrument, you have to monitor the situation to be able to timely get rid of the unreliable bonds on the secondary market. The lack of liquidity could also potentially be a significant risk.

FXFINPRO Capital is ready to provide its customers with the most complete information about the bond market. Our experts will explain you how to find instruments with desired yield and credit ratings in trading platform, and how to place orders on bonds of any type.

Terms of Trade

US Bonds Margin

In case of a Cash account Bonds must be paid in full. The following rules apply for Reg T Margin accounts.

FINRA and the NYSE have imposed rules to limit small investor day trading. Customers that these organizations classify as Pattern Day Traders are subject to special Day Trading Restrictions for US securities.

Government Bonds Margin

US Treasury Securities Initial Margin Requirements Maintenance Margin Requirements
Less than six months to maturity 1% * Market Value = Initial Margin
Less than one year to maturity 2% * Market Value = Initial Margin
One year but less than three years to maturity 3% * Market Value = Initial Margin
Three years but less than five years to maturity 4% * Market Value = Initial Margin
Five years but less than ten years to maturity 5% * Market Value = Initial Margin
Ten years but less than twenty years to maturity 7% * Market Value = Initial Margin
Twenty years or more to maturity 9% * Market Value = Initial Margin
Zero coupon bonds with five years or more to maturity 3% * Principal = Initial Margin

Municipal Bonds


Initial Margin Requirements

Maintenance Margin Requirements
Investment Grade 1 1.25 * Maintenance Margin 2 25% * Bond Market Value
Speculative Grade 1 1.25 * Maintenance Margin 2 50% * Bond Market Value
Junk Grade 1 1.25 * Maintenance Margin 2 75% * Bond Market Value
Defaulted 1 100% * Bond Market Value 2 100% * Bond Market Value

Grades are based on Moody’s ratings.

Investment Grade – AAA to BAA3

Speculative Grade – BA1 to B3

Junk Grade – Below B3

In order to apply other than 100% margin requirement, the bond must satisfy the following:

not private placement

  • not RegS
  • not Rule 144A
  • original issue size at least $25 million

Corporate Bonds

The margin for the corporate bonds is determined individually.

Special Margin Bonds

Firm may reduce the collateral value of securities (reduces margin ability) for a variety of reasons, including:

  • small market capitalization or small issue size
  • low liquidity in the collective primary/secondary exchanges
  • involvement in tenders and other corporate action

Changes in margin ability are generally considered for a specific security.

European Bonds Margin

Foreign Sovereign Debt Securities 1

Long Positions 2
Initial Margin Requirements Maintenance Margin Requirements
Rated AAA to AA3:
Less than 6 months to maturity 2.5% * Market Value 2% * Market Value
Less than 1 year to maturity 3.75% * Market Value 3% * Market Value
More than 1 year and less than 3 years to maturity 6.25% * Market Value 5% * Market Value
At least 3 years and less than 5 years to maturity 7.5% * Market Value 6% * Market Value
At least 5 years and less than 10 years to maturity 10% * Market Value 8% * Market Value
At least 10 years and less than 20 years to maturity 12.5% * Market Value 10% * Market Value
20 years or more to maturity 15% * Market Value 12% * Market Value
Zero coupon bonds with 5 years or more to maturity Min (Market Value, 1.25 * Maintenance) Max (Specified Maintenance Amount 3, 3% * Face Value)
Rated A1 - BAA2 18.75% * Market Value 15% * Market Value
Rated Ba1-B3 Min (Market Value, 1.25 * Maintenance) Min (25% Market Value, 10% Face Value)
Rated Caa1-C Min (Market Value, 1.25 * Maintenance) Min (50% Market Value, 20% Face Value)
Defaulted 100% * Market Value 100% * Market Value
Not Rated 100% * Market Value 100% * Market Value

End of Day Initial Margin is applied to Reg T accounts at the standard rate of 50% * Market Value.

Short positions are not currently supported and will incur margin of 100% of the market value.

Based on the remaining years to maturity:

At least 5 and less than 10 = 8% * Market Value

At least 10 and less than 20 = 10% * Market Value

20 years or more = 12% * Market Value

The margin requirements may change without prior notice.

External fees are passed through.

North America

United States

Commissions Minimum per Order Maximum per Order
United States - Corporate and Municipal Bonds 0.2%* Face Value (=20 bps) None None
United States - Treasuries (Bills, Notes, Bonds) 0.04%* Face Value (=4.0 bps) USD 10.00 None
United States - Treasuries (Bonds executed via BOND LARGE) $10.00 per USD 1,000,000 Face Value USD 10.00 None

United States - External Fees

External fees are passed through at cost and could be changed without prior notification.

Bond Desk
(5 USD per trade as of 2015-11-05)
IBKRATS
(0 USD as of2015-11-05)
Muni Center
(ask for details)
NYSE Bonds
(0.5 USD per bond as of 2015-11-05)

United States - Transaction Fees

Fees
FINRA Trading Activity Fee USD 0.00075* Quantity Sold, Maximum USD 0.75 per trade

Europe

Commissions Minimum per Order Maximum per Order
0.2%* Trade Value (20bps) EUR 4.00 None

Europe - External Fees

External Euronext Bonds fees are passed through at cost, ask for details.

Asia-Pacific

Hong Kong - Flat Rate 1, 2

Flat Rate

Minimum per Order Maximum per Order
Government Bonds 0.16 % of trade value HKD 36 None

Hong Kong - Exchange, Clearing and Pass-through Fees (per exchange)

Hong Kong Stock Exchange (SEHK) fees are passed through at cost, ask for details.

Notes:

Exchange and regulatory fees are not included.

Exchange trading fees, exchange trading tariff, CCASS settlement fees, and CCASS custody fees are included. Government stamp duty (0.1% rounded up to the nearest 1.00, applies to stocks only) and SFC transaction levy (0.003%, applies to stocks and warrants) are directly passed through to the customer.

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 bonds with USD 20,000 Face Value is submitted and 10,000 face value executes, then you modify the order and another 10,000 face value executes, a commission minimum where applicable would be applied to both 10,000 face value executions. Orders that persist overnight will be considered a new order for the purposes of determining order minimums

When calculating rates, keep in mind that FXFINPRO Capital uses a blended rate based on the tiers below. For example, for a balance over 1,000,000 USD, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc. When determining the quoted spread, FXFINPRO Capital will use the greater of the benchmark rate and 0.

FXFINPRO Capital accrues interest on a daily basis and posts actual interest monthly on the 3rd business day of the following month.

The tiers which interest is based upon may change from time-to time without prior notification to clients. Such adjustments are done periodically to adjust for changes in currency rates.

Note:

May be subject to a 1% surcharge applied to the spread if financing is not pre-arranged.

United States

Region/Exchange Non-Pro Fees/month Pro Fees/month
US Securities and Futures Value Bundle 1, 2, 3, 4 USD 10.00
Waived for Activity 4
N/A
US Securities Lite Value Bundle 1, 6 N/A USD 10.00
Waived for Activity 6
US Securities and Futures Value PLUS Bundle 5 USD 5.00 N/A
Bond Ratings (Corporates and Municipals) 12 USD 1.00 USD 1.00
CBOE Market Data Express Indices USD 2.25 USD 2.25
CBOT Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
CFE Enhanced Top of Book (L1) USD 2.50 USD 7.50
CFE Enhanced with Depth of Book (L2) USD 4.00 USD 15.00
CME Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
CME S&P Indexes USD 4.25 USD 4.25
COMEX Real-Time Depth of Book (L2) 3 USD 6.0010 USD 90.0010
Dow Jones Global Indices USD 1.00 USD 2.00
ICE Futures U.S. (NYBOT) 11 USD 120.75 USD 120.75
ISE Options Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ BX TotalView USD 2.00 USD 43.00
NASDAQ Global Index Data Service USD 2.50 21 USD 11.00 21
NASDAQ Options Market Depth of Book (L2) USD 10.00 USD 60.00
NASDAQ TotalView-OpenView Bundled 13 USD 15.00 USD 86.50
NASDAQ TotalView-OpenView EDS 22 USD 1.00 USD 10.00
NYSE (Network A/CTA) Top of Book (L1) USD 1.50 USD 45.00
AMEX (Network B/CTA) Top of Book (L1) USD 1.50 USD 23.007
NASDAQ (Network C/UTP) Top of Book (L1) USD 1.50 USD 23.00
Global OTC Equities(L2) N/A 23 Fee Waived
NYMEX Real-Time Depth of Book (L2) 10 USD 6.0010 USD 90.0010
NYSE AMEX Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE Arca Options Depth of Book (L2) USD 10.00 USD 60.00
NYSE ArcaBook Depth of Book (L2) USD 11.00 USD 40.008
NYSE Global Index Feed USD 1.00 USD 11.00
NYSE MKT Order Imbalances Fee Waived Fee Waived
NYSE OpenBook Depth of Book (L2) USD 25.00 USD 60.00
NYSE Order Imbalances Fee Waived Fee Waived
OCX Data (OneChicago SSF) 14 USD 1.00 USD 1.00
OPRA Top of Book (L1) (US Option Exchanges) 15 USD 1.5016 USD 30.00
(includes all exchanges)
OTC Markets Top of Book (L1) USD 3.00 USD 30.00
OTC Markets Depth of Book (L2) USD 16.00 USD 80.00
RussellTick Indices Real-Time USD 2.00 USD 15.00
TRACE (BTDS) Corporate Bond Data N/A USD 65.00
US Mutual Funds Fee Waived21 Fee Waived21
US Bond Real-Time Data 12 Fee Waived Fee Waived

Canada

Region/Exchange Non-Pro Fees/month Pro Fees/month
Canadian Exchange Group (TSX/TSXV) Top of Book (L1) (Non-Canadian Residents Only) USD 20.00 USD 73.00
Toronto Stock Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 34.50
Toronto Market by Price Depth of Book (L2) 18 USD 14.0020 USD 30.0020
TSX Venture Exchange Top of Book (L1) (Canadian Residents Only) CAD 9.00 CAD 27.00
TSX Venture Market by Price Depth of Book (L2) 19 USD 16.0020 USD 16.0020
Montreal Exchange Top of Book (L1) (CDE) USD 6.0020 USD 40.5020
Montreal Exchange Depth of Book (L2) (CDE) USD 9.0020 USD 51.5020

Mexico

Region/Exchange Non-Pro Fees/month Pro Fees/month
Mexican Derivatives Exchange Top of Book (L1) USD 5.00 USD 15.00
Mexican Stock Exchange Top of Book (L1) USD 13.00 USD 32.00


Sample Market Data Subscriptions

The sample market data subscriptions in the following table below can help you choose the right subscriptions for your trading needs.

Market Data Desired Non-Professional
subscription(s) needed
Professional
subscription(s) needed
AMEX-listed stock (ex: ANX), top-of-order book (NBBO)** only AMEX (Network B/CTA) or US Securities and Futures Value Bundle AMEX (Network B/CTA) or US Securities Lite Value Bundle
AMEX-listed stock (ex: ANX), full market depth AMEX (Network B/CTA)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

AMEX (Network B/CTA)
NASDAQ-listed stock (ex: MSFT), top-of-order book (NBBO)** only NASDAQ (Network C/UTP) or US Securities and Futures Value Bundle NASDAQ (Network C/UTP) or US Securities Lite Value Bundle
NASDAQ-listed stock (ex: MSFT), full market depth NASDAQ (Network C/UTP)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NASDAQ (Network C/UTP)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities Lite Value Bundle
NYSE (ex: IBM), top-of-order book (NBBO)** only NYSE (Network A/CTA) or US Securities and Futures Value Bundle NYSE (Network A/CTA) or US Securities Lite Value Bundle
NYSE (ex: IBM), full market depth NYSE (Network A/CTA)

NYSE OpenBook Depth of Book (L2)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NYSE (Network A/CTA)

NYSE OpenBook Depth of Book (L2)

NASDAQ TotalView-OpenView Bundled

NYSE ArcaBook Depth of Book (L2)
NYSE Arca or ArcaEdge (OTCBB) only, full market depth NYSE ArcaBook Depth of Book (L2)

US Securities and Futures Value Bundle
NYSE ArcaBook Depth of Book (L2)

US Securities Lite Value


Notes:

  1. This is an alternative NBBO, which will deliver aggregated quote, trade, volume, and top of book information for all four US equity exchange books operated by BATS (BATS, BYX, EDGX, EDGA). Also includes top of book quotes for as well as OTC Markets, Dow Jones Indices, CBOE Market Data Express Indices, and US Bond Quotes.
  2. Includes top of book quotes for CBOT, CME, COMEX, and NYMEX
  3. Access to US Futures data requires clients to have US Futures Trading Permissions.
  4. For each subscriber the account must generate at least USD 30 in commissions per month to have the monthly fee waived for all users.
  5. Requires a subscription to the US Securities and Futures Value Bundle. Includes depth of book quotes for CBOT, CME, COMEX, and NYMEX as well as depth on BATS.
  6. For each subscriber the account must generate at least USD 30 in commissions per month to have the monthly fee waived for all users.
  7. Subscribing to AMEX (Network B/CTA) will allow a client to SMART route AMEX and ARCA listed stocks.
  8. Subscribing to NYSE ArcaBook Depth of Book (L2) will allow a client to see ARCA Depth of book quotes and will only allow a client to see top of book bid/ask if they Direct Route their quote to ARCA. For a last quote, the client will need a subscription to AMEX (Network B/CTA).
  9. Floor-based data generally only includes last sale, as there are rarely bid-ask quotes.
  10. Top of Book data is included in the Depth of Book subscription.
  11. Includes options and Liffe precious metals futures and futures options.
  12. Includes US corporate bonds and US-Treasuries.
  13. Must subscribe to NASDAQ (Network C/UTP) data.
  14. USD 10.00/month for IBIS Stand-Alone Clients.
  15. Includes all options exchanges
  16. For each subscriber the account must generate at least USD 20 in commissions per month to have the monthly fee waived for all users.
  17. Must have appropriate CDE trading permission
  18. Requires a subscription to the Toronto Stock Exchange Top of Book or Canadian Stock Bundle.
  19. Requires a subscription to the Venture Exchange Top of Book Non-Professional, Canadian Stock Bundle Top of Book Non-Professional or Toronto Stock Exchange Top of Book Professional.
  20. Service is denominated in CAD for Canadian Accounts.
  21. These services can trigger Hosted Solutions fees. For more information, please go to http://ibkb.interactivebrokers.com/article/1852.
  22. Must subscribe to the standard NASDAQ TotalView-OpenView Bundled data.
  23. Global OTC Equties (L2) data for Non-Professionals is included in the US Value Bundle.

EuroNext (Belgium, France, Netherlands, Portugal)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Euronext All Indices Real-Time Data Included in Euronext Data Bundle Top of Book (L1) and Depth of Book (L2) EUR 15.75
Euronext Cash Top of Book (L1) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Top of Book (L1) ) EUR 66.25
Euronext Cash Depth of Book (L2) Available as Euronext Data Bundle – Top of Book (L1) (Stock Depth of Book (L2) – Equity Derivatives Depth of Book (L2) EUR 98.75
Euronext Commodity Derivatives Depth of Book (L2) EUR 17.00 EUR 17.00
Euronext Currency Derivatives Depth of Book (L2) EUR 3.00 EUR 3.00
Euronext Data Bundle - Level I (Stocks Depth of Book (L2) - Equity Derivatives Top of Book (L1) ) EUR 2.00 N/A
Euronext Data Bundle - Level II (Stocks Depth of Book (L2) - Equity and Index Derivatives Depth of Book (L2) ) EUR 39.00 Available as Euronext Cash Market Depth of Book (L2) plus Euronext Equity and Index Derivatives Depth of Book (L2)
Euronext Equity and Index Derivatives - Depth of Book (L2) EUR 37.00 EUR 37.00

Austria

Region/Exchange Non-Pro Fees/month Pro Fees/month
Vienna Stock Exchange Indices Available as Vienna Stock Exchange Level 1 + Indices EUR 8.50
Vienna Stock Exchange Cash Market Top of Book (L1) Available as Vienna Stock Exchange Level 1 + Indices EUR 33.00
Vienna Stock Exchange Cash Market - Depth of Book (L2) Available as Vienna Stock Exchange Level 2 + Indices EUR 44.00
Vienna Stock Exchange - Top of Book (L1) + Indices EUR 3.50 Available as Vienna Stock Exchange Level 1 plus Vienna Stock Exchange Indices
Vienna Stock Exchange - Depth of Book (L2) + Indices EUR 6.00 Available as Vienna Stock Exchange Level 2 plus Vienna Stock Exchange Indices

Czech Republic

Region/Exchange Non-Pro Fees/month Pro Fees/month
Prague Stock Exchange Cash Market Top of Book (L1) EUR 3.50 EUR 14.00
Prague Stock Exchange Cash Market Depth of Book (L2) EUR 9.50 EUR 24.50

Germany

Region/Exchange Non-Pro Fees/month Pro Fees/month
Deutsche Boerse Indices & Xetra ETFs EUR 1.25 EUR 6.50
Eurex Top of Book (L1) Real-Time Information 3 EUR 8.75 EUR 40.50
Eurex Depth of Book (L2) Real Time Information 4 EUR 13.00 EUR 54.50
Spot Market Germany (Frankfurt/Xetra) Top of Book (L1) EUR 16.25 EUR 60.00
Spot Market Germany (Frankfurt/Xetra) Depth of Book (L2) (1) EUR 21.75 EUR 75.75
STOXX© Index Data Real-Time EUR 8.00 EUR 9.00
Stuttgart Boerse incl. Euwax (SWB) EUR 4.50 EUR 6.00
Xetra European Stars Top of Book (L1) 3 EUR 2.50 EUR 8.75
Xetra European Stars Depth of Book (L2) 4 EUR 3.50 EUR 8.75
Xetra US Stars Top of Book (L1) 3 EUR 5.00 EUR 8.75
Xetra US Stars Depth of Book (L2) 4 EUR 6.50 EUR 13.00

Italy

Region/Exchange Non-Pro Fees/month Pro Fees/month
Borsa Italiana (BVME stock / IDEM deriv) Top of Book (L1) EUR 3.00 EUR 15.00
Borsa Italiana (BVME stock / IDEM deriv) Depth of Book (L2) EUR 17.00 EUR 46.50

Nordic (Denmark, Finland, Norway, Sweden)

Region/Exchange Non-Pro Fees/month Pro Fees/month
Nordic Derivatives Top of Book (L1) 6 EUR 3.00 Top of Book (L1) Data not Available to Professional Subscribers
Nordic Derivatives Depth of Book (L2) 6 EUR 5.00 EUR 33.50
Nordic Equity Top of Book (L1) 6 EUR 1.00 EUR 34.75
Nordic Equity Depth of Book (L2) 6 EUR 5.00 EUR 65.00
Oslo Bors Top of Book (L1) NOK 11 N/A
Oslo Bors Depth of Book (L2) NOK 110 NOK 350
Turquoise Derivatives (Nordic) NOK 5.00 NOK 5.00

Other European Exchanges

Region/Exchange Non-Pro Fees/month Pro Fees/month
European (BATS/Chi-X) Equities Depth of Book (L2) 2, 6 Fee Waived USD 10.00
Turquoise ECNs Level 1 GBP 6.00 GBP 7.25
Turquoise ECNs Level 2 GBP 12.00 GBP 14.00

Spain

Region/Exchange Non-Pro Fees/month Pro Fees/month
Bolsa de Madrid Top of Book Plus (L1) EUR 5.25 EUR 28.25
Bolsa de Madrid Depth of Book (L2) EUR 15.50 EUR 53.50
IBEX and LATIBEX Indices EUR 5.50 EUR 5.50
BME (MEFF) Top of Book (L1) EUR 2.25 EUR 12.00
BME (MEFF) Depth of Book (L2) EUR 4.50 EUR 18.00

Switzerland

Region/Exchange Non-Pro Fees/month Pro Fees/month
SIX Structured Basic Access CHF 6.50 CHF 15.25
SIX Structured Advanced Access CHF 8.75 CHF 22.00
SIX Swiss Exchange Top of Book (L1) CHF 10.00 CHF 25.00
SIX Swiss Exchange Depth of Book (L2) CHF 58.75 CHF 58.75

United Kingdom

Region/Exchange Non-Pro Fees/month Pro Fees/month
ICE Futures E.U. - Commodities (IPE) 5 USD 120.75 USD 120.75
ICE Futures E.U. – Financials (LIFFE) 5 USD 120.75 USD 120.75
LSE International Top of Book (L1) GBP 4.25 GBP 27.00
LSE UK Top of Book (L1) GBP 5.00 GBP 50.00


Notes:

  1. FWB floor data is provided at Level I only.
  2. Includes Chi-X, NURO.
  3. Level I does not provide any market depth (just bid /ask).
  4. Level II only shows a market depth of 5.
  5. Includes options.
  6. These services can trigger Hosted Solutions fees. For more information please go to http://ibkb.interactivebrokers.com/article/1852

Australia

Region/Exchange Non-Pro Fees/month Pro Fees/month
ASX Total Depth of Book (L2) AUD 25.00 AUD 80.00
Chi-X Australia 2 AUD 7.50 AUD 15.00
ASX24 Commodities and Futures Depth of Book (L2) AUD 80.00 AUD 80.00

China

Region/Exchange Non-Pro Fees/month Pro Fees/month
Shanghai Stock Exchange 5 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shanghai Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 24.00 USD 30.00
Shanghai Stock Exchange Depth of Book (L2) (non-Mainland China residents) 5, 6 USD 35.00 USD 35.00
Shanghai Stock Exchange Levels 1 & 2 (Mainland China residents) 5, 7 USD 5.00 USD 5.00
Shenzhen Stock Exchange 3 Second Snapshot (via HKEx) 3, 8 USD 1.00 USD 1.00
Shenzhen Stock Exchange Top of Book (L1) (non-Mainland China residents) 4, 6 USD 16.50 USD 16.50
Shenzhen Stock Exchange (Mainland China residents) 5, 7 USD 5.50 USD 5.50

Hong Kong

Region/Exchange Non-Pro Fees/month Pro Fees/month
Hang Seng Indexes HKD 15.00 HKD 15.00
Hong Kong Derivatives (Fut & Opt) Top of Book (L1) HKD 25.00 HKD 25.00
Hong Kong Derivatives (Fut) Depth of Book (L2) HKD 100.00 HKD 100.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Top of Book (L1) HKD 130.00 HKD 130.00
Hong Kong Securities Exchange (Stocks, Warrants & Bonds) Depth of Book (L2) HKD 225.00 HKD 225.00

India

Region/Exchange Non-Pro Fees/month Pro Fees/month
National Stock Exchange of India, Capital Market Segment, Top of Book (L1) USD 9.50 USD 9.50
National Stock Exchange of India, Capital Market Segment, Depth of Book (L2) USD 13.50 USD 13.50
National Stock Exchange of India, Futures and Options Segment, Top of Book (L1) USD 14.50 USD 14.50
National Stock Exchange of India, Futures and Options Segment, Depth of Book (L2) USD 20.50 USD 20.50

Japan

Region/Exchange Non-Pro Fees/month Pro Fees/month
Chi-X JPY 100.00 JPY 100.00
Osaka Securities Exchange Top of Book (L1) 1 JPY 200.00 JPY 1500.00
Osaka Securities Exchange Depth of Book (L2) 1 JPY 400.00 JPY 2200.00
Tokyo Stock Exchange Top of Book (L1) JPY 300.00 JPY 3000.00

Singapore

Region/Exchange Non-Pro Fees/month Pro Fees/month
Singapore Exchange (SGX) – Derivatives Top of Book (L1) SGD 1.25 SGD 1.25
Singapore Exchange (SGX) – Stocks Top of Book (L1) SGD 11.00 SGD 11.00

South Korea

Region/Exchange Non-Pro Fees/month Pro Fees/month
Korea Stock Exchange Depth of Book L2 Fee Waived Fee Waived


Notes:

  1. Includes Derivatives and Indices.
  2. Chi-X Australia is required to see the true NBBO for ASX listed stocks.
  3. 5 second snapshot data for bid/ask and last.
  4. Real-time last with 3 second bid/ask snapshot data.
  5. Real-time last with 3 second bid/ask snapshot data and market depth.
  6. For clients who have accounts registered outside of Mainland China.
  7. For clients who have accounts registered inside Mainland China.
  8. For each subscriber the account must generate at least USD 5 in commissions per month to have the monthly fee waived for all users.

We would like to remind you that although trading of derivatives on margin may offer many benefits, it is important to note that it also carries a high level of risk. Please click here to read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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