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 MoreNeither MEXEM or its agent bank charges for electronic deposits of any currency other than MXN
Read MoreThe CAD/HUF currency pair does not exist
Read MoreThe tax applies to qualifying positions held in an account of a non-U.S
Read MoreVarious 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 MoreIf 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 MoreMargin 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 MoreThe Fee Rate represents the indicative rate (generally expressed as an interest rate) that the lender assesses to the borrower of the shares
Read MoreMEXEM 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 MoreGenerally, no fees will be assessed on stock option exercise / assignment activity
Read MoreThe 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 MoreMEXEM provides two types of commission structures: Fixed and Tiered
Read MoreThe 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 MoreFor the US market, MEXEM's options commission rate starts at USD 0.65 per contract plus exchange, regulatory, transaction and clearing fees
Read MoreMEXEM provides clients the choice between a fixed rate commission structure and a tiered commission structure for futures and options on futures
Read MoreFixed Income uses a Tiered commission structure
Read MoreThe 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 MoreThe 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 MoreWhen you sell stock short, MEXEM must locate and borrow shares to make delivery to the purchaser at settlement
Read MoreDaily 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 MoreClients 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 MoreThe 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 MoreIn the event you hold a position over the ex-dividend date, your dividend may be subject to withholding tax
Read MoreIf you are a non-US person, you will be notified to submit a Form W8 during the application
Read MoreEU 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 MoreResearch 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 MoreCommissions are based on product type and listing exchange and do not vary by the client's country of residence
Read MoreInvesting in margin is borrowing cash to open a new position
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