Fees and Commissions
Commissions,
charges and expenses*
Opening and maintenance free of charge. The administration and custody costs of Caja de Valores are subsidized.
| Operation type | Internet | Adviser | Minimum |
|---|---|---|---|
Purchase/Sale of Bonds, CEDEARs, Stocks and Options |
0.50% |
Up to 3.00% |
- |
Purchase/Sale of Stocks and ETFs abroad |
0.50% |
Up to 3.00% |
USD 30 |
Purchase/Sale of Treasury Bills and Notes |
0.50% |
Up to 3.00% |
- |
Options Exercise |
N/A |
Up to 3.00% |
- |
Placement Caution in pesos |
2.00% p.a. |
Up to 2.50% p.a. |
- |
Placement Caution in dollars |
0.50% p.a. |
Up to 2.50% p.a. |
- |
Taking Caution in pesos |
N/A |
Up to 7.00% p.a. |
- |
Taking Caution in dollars |
N/A |
Up to 3.00% p.a. |
- |
Purchase/Sale of Deferred Payment Checks and Electronic Credit Invoices in pesos |
N/A |
Up to 3.00% p.a. |
ARS 500 |
Purchase/Sale of Market Promissory Notes |
N/A |
Up to 4.00% |
ARS 500 |
Purchase/Sale/Maturity of Futures and Derivatives |
N/A |
Up to 3.00% |
ARS 500 |
Repo (Placement and Borrower) |
N/A |
Up to 7.00% p.a. |
ARS 500 |
Firm Term Transactions |
N/A |
Up to 1.00% |
ARS 500 |
Securities Lending (Lender) |
N/A |
Up to 0.40% |
ARS 500 |
Securities Lending (Borrower) |
N/A |
Up to 1.00% |
ARS 500 |
Bids for Treasury Bills, Notes, Trusts and other instruments |
N/A |
Up to 2.00% |
- |
Purchase/Sale of International Mutual Funds |
Up to 2.00% |
Up to 2.00% |
USD 40 |
| Operation type | Commission |
|---|---|
Local electronic transfer in pesos or dollars |
No charge |
International electronic transfer in USD |
USD 25 |
Check deposit at our offices or eCHEQ |
No charge |
Withdrawal via check or eCHEQ issuance |
ARS 100 |
Euro withdrawal/conversion |
ARS 100 |
Receipt of securities |
No charge |
Local transfer of securities to another agent |
ARS 250 per security |
International transfer of securities to another agent |
Up to €100 per security |
Cancellation or issuance costs of CEDEARs or ADRs |
USD 25 + USD 0.10 per common share or ADR |
Issuance of certificates by Caja de Valores |
ARS 250 |
| Type of operation | Commission |
|---|---|
Interest Income |
0.70% |
Dividends |
1.00% |
Amortizations |
0.26% |
Security exchanges |
Up to 2.00% |
W-8 form filing for income and amortization of T-Bills and T-Notes |
€200 |
| Type of operation | Commission |
|---|---|
Flat monthly fee for Automated Portfolios |
Up to 0.15% of AUM (1) |
Flat annual fee for Trading Account |
Up to 1.50% of AUM (1) |
Account activation |
No charge (2) |
Transaction commissions |
No charge |
Rebalancing commissions |
No charge |
Portfolio change commissions |
No charge |
(1) Fees are automatically calculated on the value of the assets under management (AUM) held in the account and are deducted monthly by Interactive Brokers directly from the client’s account.
(2) Activation at no cost with a minimum funding of USD 5,000 per Max Global account.
* Commissions may be charged in the currency of each transaction.
VAT will be applied as appropriate on commissions, charges and/or expenses.
These fees and commissions may be supplemented by market rights or administrative costs applicable to transactions as set by Bolsas y Mercados de Argentina S.A. (BYMA), Mercado Argentino de Valores S.A. (MAV), and A3 Mercados S.A. (A3), in force at the time of the transaction as published on: www.byma.com.ar, www.mav-sa.com.ar, and www.a3mercados.com.ar. For international transactions, additional market rights and expenses set by foreign intermediaries, entities or markets through which the orders are executed may apply.
Additional fees set by Caja de Valores S.A. (as published on www.cajadevalores.com.ar) or Argentina Clearing y Registro S.A. (as published on www.argentinaclearing.com.ar) must also be considered.
