Introduction of Euro Pacific Bank

General Information

Euro Pacific Bank was launched in 2011 with the goal of making banking Safe, Digital, and Global. Euro Pacific focus on transactional banking, brokerage, and investment services. In fact, 100% of its margins are derived from transaction fees, service fees, and commissions only—not lending or proprietary trading.

Banking

Euro Pacific Bank offers individual account and corporate account. Accounts are denominated in your choice of EUR, GBP, CAD, CHF, JPY, and PLN. The Minimum initial deposit is from $500 for both personal and corporate accounts, with a monthly maintenance fee of $5 for a personal account and $40 for a corporate account. The blocked amount (The blocked amount will be withheld from your available balance upon arrival and will be used for the first years worth of monthly maintenance fees) is $60 for the individual account and $40 for the Corporate account.

Trading

Trading Products

Tradable financial products include stocks, ETFs, Warrants, Structured Products, Options, Fixed Income, Forex, CFDs, Futures, Futures Options. Single Stock Futures/Exchange for Physical Spreads, Spot Metal, Indices, and Mutual Funds.

Account Types

There are three trading accounts available: Standard (with a deposit of $1000-$25000), Advanced (with a deposit of $25000-$100000) and Prime (with a deposit over $100K).

FX Spreads

Spreads vary depending on different trading accounts, with more funds deposited, narrower spreads offered. The spread on the EUR/USD pair is 1.8 pips in the Standard account, 1.4 pip, 0.8 pips on the Advanced and Prime accounts, respectively.

Leverage

The maximum trading leverage offered by Euro Pacific Bank is up to 1:200 for forex trading. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Trading Platform

Euro Pacific Securities Inc. presents its premier multi-asset brokerage account, Euro Pacific Trader, TraderPro, Mobile Trader, as well as MT4 trading platform.

Investing

Precious Metals Account

The Precious Metals Account offers investors access the precious metals market and diversify their portfolios. On October 29, 2020, this company ended its relationship with The Perth Mint and began moving all of its precious metals holdings to our new custodian in Singapore, a global leader in high security bullion vault storage. The Precious Metals Account continues to operate as normal, allowing you to buy, sell, and hold gold and silver 24/7.

Storage Fees

Annual storage fee accrued daily and debited biannually. On January 1, 2021, the storage fees changed from 0.00% gold and 0.95% silver to 0.25% and 0.45% respectively.

Customer Support

The customer support team can be reached through email, telephone. The Euro Pacific bank address: 53 Palmeras St, 10th Floor, San Juan, 00901, Puerto Rico.