General charges and fees

We’re fully transparent about our charges, so you’ll always know how much it costs to trade and invest with us.

Account Value of your sub-account is:

  • The value dated cash balance of the account
  • Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
  • Plus the market value of any FX Options on the account

The following interest rates apply to funds deposited with AAG Limited

  • For positive Net Free Equity, the interest will be the highest of either: the market bid rates minus the markdown or zero. Interest will be paid on the full amount, if Account Values/Net Free Equity is above threshold.
  • For negative Net Free Equity, interest will be market ask rates plus a mark-up, however never less than the mark-up. Interest will be charged on the full amount for all Account Values/Net Free Equity.

For deposits in currencies with negative interest rates:

AAG Limited charges negative interests aligned with central bank rates. The charge applies to balances above the thresholds indicated in the table below. The interest rates applied by the central banks are continuously monitored by Pacific Index. If a rate is changed, AAG Limited will adjust its negative interest rates accordingly with effect from the start of the next month. 

The thresholds and interest rates are*:

Positive NFE (currencies with negative rates)VIPPlatinumClassic
Threshold EUR 1,000,000100,00050,000
Threshold CHF 1,000,000100,00050,000
Threshold DKK7,500,000750,000375,000
Markdown to Central Bank rate0.00%–0.25%–0.50%
 Positive NFE (currencies with positive rates)VIPPlatinumClassic
Net Free Equity above USD (or equivalent)50,000100,000250,000
Markdown to prevailing market rate–1%–3%–3%
Negative NFEVIPPlatinumClassic
 Markup to prevailing market rate however never less that the markup6%7%8%

On the main trading account, this threshold will be applied to the available net free equity and, in the case of sub-accounts to the account value. The negative interest will be calculated daily for the account credit balance exceeding the threshold and debited to the main trading accounts or sub-accounts at the end of each month for the interest period of the previous month (value date is the last day of the previous month).

*Rates varies based on the country of client residence.

The following interest rates apply to funds deposited with AAG Limited

  • For positive Net Free Equity, the interest will be the highest of either: the market bid rates minus the markdown or zero. Interest will be paid on the full amount, if Account Values/Net Free Equity is above threshold.
  • For negative Net Free Equity, interest will be market ask rates plus a mark-up, however never less than the mark-up. Interest will be charged on the full amount for all Account Values/Net Free Equity.

For deposits in currencies with negative interest rates:

AAG Limited charges negative interests aligned with central bank rates. The charge applies to balances above the thresholds indicated in the table below. The interest rates applied by the central banks are continuously monitored by AAG Limited. If a rate is changed, AAG Limited will adjust its negative interest rates accordingly with effect from the start of the next month. 

The thresholds and interest rates are*:

Positive NFE (currencies with negative rates)VIPPlatinumClassic
Threshold EUR 1,000,000100,00050,000
Threshold CHF 1,000,000100,00050,000
Threshold DKK7,500,000750,000375,000
Markdown to Central Bank rate0.00%–0.25%–0.50%
 Positive NFE (currencies with positive rates)VIPPlatinumClassic
Net Free Equity above USD (or equivalent)50,000100,000250,000
Markdown to prevailing market rate–1%–3%–3%
Negative NFEVIPPlatinumClassic
 Markup to prevailing market rate however never less that the markup6%7%8%

On the main trading account, this threshold will be applied to the available net free equity and, in the case of sub-accounts to the account value. The negative interest will be calculated daily for the account credit balance exceeding the threshold and debited to the main trading accounts or sub-accounts at the end of each month for the interest period of the previous month (value date is the last day of the previous month).

*Rates varies based on the country of client residence.

When you trade an instrument in a currency that differs from your base denomination, conversions – including trading profits/losses – are executed using the FX spot mid-price, based on the time you close your position, plus/minus 1 percent. We charge Platinum clients no more than plus/minus 0.75 percent, and VIPs no more than plus/minus 0.5 percent.

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.

The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.

Custody fees for stocks, ETFs/ETCs and bonds

For accounts with stock, ETFs/ETCs or bond positions a custody fee of 0.25 % p.a. with a monthly minimum fee of EUR 5.00 will apply. We charge Platinum clients no more than plus/minus 0.20 % p.a., and VIPs no more than plus/minus 0.12 % p.a. The minimum custody fee will always be applied to a default account. The custody fee will be calculated daily using the end of day values and charged on a monthly basis. Regional differences may apply.

Minimum fee

  Classic Custody fee p.a. Platinum custody fee p.a. VIP custody fee p.a. Monthly minimum fee
Stocks and ETFs/ETCs 0.25 % 0.20 % 0.12 % EUR 5.00
Bonds 0.25 % 0.20 % 0.12 % EUR 5.00

Value Added Tax (VAT)

Custody fee is a VAT liable service, so VAT will be applied on top of the custody fee:

Physical persons

  • residing within the EU, Danish VAT 25 % will apply
  • residing outside of the EU, no VAT will be applied by Pacific Index

Corporate/Institutional client

  • having its place of business in Denmark, Danish VAT 25 % will apply
  • having its place of business within the EU (except for Denmark), no VAT will be applied by Pacific Index if a valid EU VAT ID is provided.* A reverse charge invoice will be provided.
  • having its place of business within the EU (except for Denmark), Danish VAT 25 % will be applied if a valid EU VAT ID is not provided.
  • having its place of business outside the EU, no VAT will be applied by Pacific Index, but local VAT rules may apply

*Only a EU VAT ID that is verifiable through the EU commission’s website:  http://ec.europa.eu/taxation_customs/vies/vatRequest.html?local=en will be registered as a valid EU VAT ID. If the EU VAT ID is not verifiable, please contact your local VAT authority.

An inactivity fee on the amount of USD 100.00 –or the equivalent amount in the account currency- will be charged where the client does not execute any trades on his/her account for a period of 6 consecutive months (180 days).

Interest will be calculated daily and settled monthly – within seven business days after the end of each calendar month.

Interest on your main account is calculated on the Net Free Equity.

Interest on sub-accounts is calculated on the Account Value.

Since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account.

Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Clients placing orders over the phone, chat or email will be subject to a manual order fee of EUR 50 per order.  Certain products that cannot be traded on the platform may be exempt.

Your Net Free Equity is:

  • The value dated cash balance of your main trading account
  • Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
  • Plus the market value of any FX Options on your main trading account
  • Minus any margin required for financing open positions on your main trading account and sub-accounts

Net Free Equity margin financing

The margin financing requirement may differ from the trading margin requirement. See the full list of cash collateral for margin financing used for Net Free Equity calculation under our General Business Terms.

To avoid paying overdraft interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Equity Balance.

For clients on the Classic service level a fee of USD 50 – or the equivalent amount in the account currency – will be charged when client requests online reports to be delivered by email. This fee will also apply for third-party requests for reports from, for example, auditors.

You can request Forms 1042-S, however unless one or more of the conditions listed below are met, a EUR 1,000 handling fee per income year will apply:

  • You can provide proof that the IRS has requested a Form 1042-S from you.
  • AAG Limited applied the wrong relief-at-source US tax rate to your account.

If more than 10 forms are required per income year the fee will exceed EUR 1,000 per year.

A proxy voting service fee will be charged to clients who subscribe to AAG Limited meeting services. In addition, a per vote fee will be levied for every vote or change to a vote.

Description Cost
Service subscription EUR 30 p.a. excl. VAT
Vote/Changing a vote EUR 5 per vote excl. VAT

The Service subscription fee will be charged on a quarterly basis at the end of the quarter and is non-refundable. Clients opting in and out within the same quarter will be charged the full amount. When relevant, the service subscription fee will be converted to the applicable local currency and subject to a currency conversion charge. Note that the service subscription fee will first be charged at the end of Q4 2020, no service subscription fee will be charged for Q3 2020.

The per vote fee will be charged at the time of voting. When relevant, the per vote fee will be converted to the applicable local currency and subject to a currency conversion charge. The per vote fee will be incurred from 3 September 2020 and will first be charged at the end of Q4 2020. 

Please note that Classic and Platinum clients will be charged a fee of USD 200 for each new instrument added. VIP clients may request new instrument free of charge. The fee will be charged only when the requested instruments are successfully implemented. To check your current account tier, please go to the “Account” section of the platform and select the “AAG Limited” tab.

See all our prices

Get ultra-competitive spreads and commissions across all asset classes, and receive even better rates as your volume increases.

FX

Spreads as low as

0.6

pip

Trade 182 FX spot pairs and 140 forwards across majors, minors, exotics and metals.

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CFDs

Spreads from

0.4

on US500

Go long or short on 9,000+ instruments with tight spreads and low commissions.

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Stocks

Commissions from

$3

on US stocks

Access 19,000+ stocks across core and emerging markets on 37 exchanges worldwide.

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Commodities

Commissions as low as

$1.25

per lot

Trade a wide range of commodities as CFDs, futures, options, spot pairs, and more.

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Futures

Commissions as low as

$1.25

per lot

Trade 200+ futures covering equity indices, energy, metals, agriculture, rates and FX.

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FX options

Spreads as low as

3

pips

Access 44 FX vanilla options with maturities from one day to 12 months.

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Listed options

Commissions as low as

$1.25

per lot

Trade 1,200+ listed options across equities, energy, metals and more, from 23 exchanges worldwide.

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ETFs

Commissions from

$3

on US listed ETFs

Access more than 3,000 exchange traded funds from 30+ exchanges.

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Bonds

Commissions from

0.05%

on govt. bonds

Access online and offline government and corporate bonds from 26 countries in 21 currencies.

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Mutual funds

Commission, custody and platform fees at

$0

We’ve made it easy and affordable to invest in mutual funds from leading providers.

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