MEXEM FAQ Tags

stock

Trading

Why am I unable to trade Norwegian Stock?

MEXEM doesn't offer direct trading on the Oslo Stock Exchange (OSE), but many OSE-listed stocks are tradable on the OMXNO exchange through Trader Workstation or MEXEM Mobile. Norwegian residents can't trade Norwegian securities due to administrative restrictions.

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Fees & Interest

What fees am I charged on an assignment or exercise?

Most stock option exercises/assignments have no fees. However, fees apply to Australian and Hong Kong stock options. US stock options are subject to regulatory fees. Index options have standard commissions, except US index options. Futures and future options follow standard commissions. Check MEXEM website for details.

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Trading

What do I do if my short stock position has been delisted?

Delisted short stock stays in your account until it trades again or DTC removes shares. Dissolution timeline is uncertain. For more, see Finra's "When Trading Stops: What You Need to Know About Halts, Suspensions and Other Interruptions" and MEXEM Knowledge Base.

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Trading

Is market data time based or tick based?

Streaming market data quotes in the trading platforms are updated in time based snap-shot intervals, which vary by product and region. Tick by tick data can only be retrieved if using an API...

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My Account & Login

How to avoid U.S. dividend tax as I am not a resident?

Non-residents face withholding taxes on U.S. stock dividends. A finalized W8 form can reduce, but not eliminate, tax if a treaty exists with the holder's tax country. Dividends on U.S. ADR shares don't qualify for reduced rates. Consult a tax advisor for refund or tax credit advice.

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Fees & Interest

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

Portfolio Margin requires as low as 15% for diversified portfolios of low volatility securities. For a single stock, it's minimum 30%, possibly higher for high volatility or substantial price increase. Concentration charges apply for 1%+ of outstanding shares. Check margin requirements in TWS. More info on MEXEM's website.

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Trading

How do you count the Day Trades?

A day trade occurs when a position in a security is opened and closed within the same trading session. A day trader executes 4 or more day trades in 5 business days. For Pattern Day Trading rules and examples, visit the MEXEM website.

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Trading

How do I close specific lots of my position?

The Tax Optimizer app helps track your various trading gains and losses for tax purposes. You can use it once a position is closed. Access it here. More details are in our Users' Guide.

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Trading

How can I get a real time chart in TWS?

To view real-time quotes in a chart, subscribe to a real-time data package via Client Portal/Account Management. If charting a Stock (SMART) ticker, subscribe to data for all markets listing the product. If not, create a Stock (Directed) quote line for a subscribed market, and open a chart from there. Refer to our guides for additional information.

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General Questions

Do options use an ISIN identification number?

US Stock options do not use an ISIN identifier. US Stock options have an identification number consistent with the Options Symbology Initiative used by the OCC and the option exchanges...

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Do you have a margin calculator?

MEXEM's stock margin calculator can be found under 'Products' on our website. For hypothetical portfolio margin requirements, use Risk Navigator within TWS. A guide is available for the margin sensitivity feature.

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