Fees & Interest

Fees & Interest

Will my dividend automatically convert to my base currency?

MEXEM does not act to automatically convert currency balances back to the Base Currency as this action would require assumptions as to the account holder's desired currency exposure as well as the ...

Read More

Fees & Interest

Why was I charged a fee for a wire deposit?

Neither MEXEM or its agent bank charges for electronic deposits of any currency other than MXN

Read More

Fees & Interest

Why is not possible to convert CAD currency to HUF currency?

The CAD/HUF currency pair does not exist

Read More

Fees & Interest

Who is subject to the dividend equivalent withholding tax?

The tax applies to qualifying positions held in an account of a non-U.S

Read More

Fees & Interest

Where did the charge in my activity statement's Fees section for ADR Fee come from?

Various Central Securities Depositories such as the Depository Trust Company (DTC), Euroclear or Clearstream collect custody fees on behalf of ADR agents for DRs which do not pay periodic dividends

Read More

Fees & Interest

When will my dividend be paid?

If you are eligible to receive a dividend payment (please see the MEXEM Knowledge Base), an accrual representing the dividend expected to be paid by the issuer at a future date will be posted to yo...

Read More

Fees & Interest

What is the margin requirement for shorting stocks?

Margin details can be found on the Margin page of the MEXEM website, which you can access by clicking the Products menu option followed by Margin (under Investment Products)

Read More

Fees & Interest

What is the difference between the Fee Rate and the Rebate Rate?

The Fee Rate represents the indicative rate (generally expressed as an interest rate) that the lender assesses to the borrower of the shares

Read More

Fees & Interest

What is the calculation used for interest?

MEXEM uses 4 steps to calculate the daily interest payable or receivable on cash balances.Interest is calculated on the end of day Settled Cash Balance

Read More

Fees & Interest

What fees am I charged on an assignment or exercise?

Generally, no fees will be assessed on stock option exercise / assignment activity

Read More

Fees & Interest

What commissions do you charge for Mutual Funds?

The transaction fee for North American and Global mutual funds is the lesser of 3% of the Trade Value or USD 14.95, per transaction.For European mutual funds we provide both Fixed and Tiered pricin...

Read More

Fees & Interest

What commissions do you charge for Hong Kong stocks?

MEXEM provides two types of commission structures: Fixed and Tiered

Read More

Fees & Interest

Is there a fee for TWS login?

There is no TWS login fee

Read More

Fees & Interest

How much does it cost to withdraw money from my account?

The first withdraw is free each months, depending on the currency, each withdraw fees are listed on our website.It is located under the fees/other charges menu.

Read More

Fees & Interest

How much do you charge for options?

For the US market, MEXEM's options commission rate starts at USD 0.65 per contract plus exchange, regulatory, transaction and clearing fees

Read More

Fees & Interest

How much do you charge for futures?

MEXEM provides clients the choice between a fixed rate commission structure and a tiered commission structure for futures and options on futures

Read More

Fees & Interest

How much do you charge for bonds?

Fixed Income uses a Tiered commission structure

Read More

Fees & Interest

How is the margin requirement determined for stock carried in a Portfolio Margin account?

The answer depends upon a number of factors including the particular stock and its historical price activity, the size of the position and what other positions you carry in the account

Read More

Fees & Interest

How do I update cost basis information for transferred securities?

The cost basis information associated with transferred positions (e.g., acquisition date and price) classified as covered is typically sent by the transferor sometime after the transfer has settled...

Read More

Fees & Interest

How do I determine whether there is a cost to borrow a stock before entering a short sale order in TWS?

When you sell stock short, MEXEM must locate and borrow shares to make delivery to the purchaser at settlement

Read More

Fees & Interest

How can I get old account statements?

Daily activity statements are available online through MEXEM via Client Portal/Account Management for the past 4 years, monthly activity statements for the past 60 months and annual statements for ...

Read More

Fees & Interest

How can I get back the tax on dividends on French stocks?

Clients need to complete Forms 5000 and 5001 as described in the French Withholding Tax Reclaim Knowledge Base article, then contact Client Services via Message Center and provide the details of th...

Read More

Fees & Interest

How can I avoid the monthly activity fee?

The monthly activity fee may be waived if the account has an average Net Liquidation Value greater than or equal to USD 100,000 (or non-USD equivalent)

Read More

Fees & Interest

How are withholding taxes determined on dividends?

In the event you hold a position over the ex-dividend date, your dividend may be subject to withholding tax

Read More

Fees & Interest

Are non-U.S. persons subject to U.S. taxes on trading profits?

If you are a non-US person, you will be notified to submit a Form W8 during the application

Read More

Fees & Interest

Are the commissions lower at MEXEM compared to IBKR?

EU legislation prohibits retail investors from investing in US ETFsYou can trade European ETFs which are clones of American ETFs as European ETFs have exactly the same fees as stocks

Read More

Fees & Interest

Are market data fees prorated?

Research and market data subscriptions are billed on a monthly cycle in advance and if you manage a subscription for any period (even less than a full day) during the month, you will be obligated t...

Read More

Fees & Interest

Am I subject to the US stock commission schedule if I trade US stocks but am not a US resident?

Commissions are based on product type and listing exchange and do not vary by the client's country of residence

Read More

Fees & Interest

Am I currently using margin?

Investing in margin is borrowing cash to open a new position

Read More

Don't have an Account yet?

Open An Account