Products and prices

All the prices from Agora direct are genuine and transparent prices

 

Compare brokers and their prices

We have consistently expanded our trading services for you since 2001. By using innovations and an efficient trading platform (ATS), you can trade at more than 120 stock exchanges around the world and round the clock in 24 countries in a matter of seconds.

Whether you are a professional trader, a premium trader or an occasional trader or a newcomer, you obtain the best possible, low-cost trading conditions at Agora direct. You are also eligible for extensive free and individual support on stock market trading days.

Major brokers compared to Agora

Agora direct trading fees compared to selected providers in the international market:

compare_demo32en_GB
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Comparison of brokers

Many independent broker comparisons only make use of the net prices published by brokers/banks for comparison purposes. Commission, trading fees, stock exchange fees and other third-party fees are often not taken into account.

We have made every effort in the aforementioned comparison of prices to determine and contrast genuine prices.

Agora direct trading fees compared to selected comparable providers within Germany:

compare_matrix32en_GB
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On average Agora direct is approx. 35% cheaper

International live trading is available for you via Agora direct at more than 120 trading places e.g. in Japan, China, Australia, Europe, Great Britain, Canada etc.

The fees have been converted into euros to provide a better comparison. The fees from the international comparison (the three tables above) date from 3 March 2016 and have been taken from the companies’ websites in each case. The fees from the German comparison (the lower table) date from 7 April 2016 and have been taken from the aforementioned companies’ websites. Some of the providers listed here possibly charge other fees or reduce or exempt them according to the account activities or the total value of the account. Supporting documents on statements and statistical materials can be made available on request. Special conditions like discounts or advertising campaigns with a set time limit have not been taken into account and may provide cheaper services. Agora direct has basically determined the data in good faith and using commercial prudence, although it is impossible to provide any guarantee that the data is correct or complete. Agora direct is happy to answer any questions about the comparisons during normal stock exchange trading hours.

Contact Please note

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number: +49 (030) 789 59 75 - 0 or make use of our contact form.

Please note

None of the details provided here are binding. The prices and performance of the products on offer may change, particularly if the services of third parties change. These changes may be passed on to the users. The transaction fees are directly charged by the broker managing the account when handling the trading account (further details available under Application for opening an account). Agora direct and its cooperation partners receive a commission share in the form of retrocession. The amount is governed by the type and scope of the stock exchange products that have been traded.

Shares

Find and trade in shares through our professional trading platform at the most important stock exchanges in the world at more than 120 markets. You can trade in shares at the Xetra stock exchange from EUR 3.95 including all fees via Agora direct. You can trade in US shares at the NYSE or NASDAQ from US$ 2.50 including all fees.

Shares, ETFs, ETCs and ETNs: prices and fees

stockprices32en_GB
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Strategies for trading in shares

Shares represent the documented right that the owner of a share has a proportional part of the ownership of a share company. Shares can be traded at one or several stock exchanges or even outside stock exchanges.

Long position

The interested party can purchase shares by specifying a price and a number of shares. This puts them in what is known as a long position. They expect the share value to increase so that they can sell the share for a higher price at a later point in time.

Short position – genuine short selling

If the interested party does not expect the value of a share to rise or remain constant, they have the opportunity to bet on a falling price. They achieve this by a so-called short sell of the share concerned. That is to say, this is nothing other than the fact that they will sell the share for a certain price. They open a short position. The broker lends the shares to be sold to the seller and the latter sells this share and obtains cash in return. The seller can sell the share more cheaply at a later time and then return it to the broker.

In both cases, the share was bought for a particular price and sold at a higher price. The only difference is the time of the trading activities.

Fees for short sells

Apart from the normal share trading fees, no additional fees are incurred with short selling. But it is possible that the party lending the shares may normally demand a small lending fee. This may be the case, e.g. before the announcement of any dividend payment.

It goes without saying that we are seeking to expand the range on offer constantly. However, it is possible that not all the shares/stocks are available because of certain rules at individual stock exchanges. Please use our product search facility to check, whether the share you want is tradable .

Information on dividend payments

Please note that for dividend payments, the short seller is called on to pay the dividend. In return, the share price is subject to a dividend payout, from which the short seller benefits.

 

Contact National stock exchange regulations & fees Example of calculation Product request

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number: +49 (030) 789 59 75 - 0 or make use of our contact form.

Information for trading with shares, ETFs, ETCs, ETNs
  • A claim for trading fees exists for each order and on all types of orders.
  • The trading fees shown are final prices. They include all the stock exchange and other outside costs, if they are not listed separately. This is the case, for example, when trading with OTC / Pink Sheet assets.
  • In conjunction with the use of the smart routing service, orders are routed to a stock exchange, which offers the best price, but which calculates higher fees. All the stock exchange fees, special fees and other expenses are always calculated with regard to the individual value.
  • Value-added tax (VAT), in many cases also called the consumer tax or the tax on goods and services, may be calculated separately for the services concerned.
  • Any changed orders are treated as the cancellation and replacement of an existing order by the new order. At certain stock exchanges, this can create a situation where the current minimum commission due for changed orders is handled in the same way as for new orders. If, for example, you place an order for 200 shares, of which 100 shares are traded and you then change the order, in response to which the remaining 100 shares are traded, the minimum fee will be due for both trading actions involving 100 shares. Any orders, which remain overnight, are viewed as new orders for the purposes of calculating the minimum order on the following day.
  • Those customers, who send a non-marketable limited order involving an unusual number of items directly to the New York Stock Exchange may possibly incur additional costs anfallen. This kinds of orders might be processed separately on the trading floor and a fee could be charged for this. In this kind of vary rare case, the customer concerned will be contacted in advance.
  • For orders in Great Britain, Ireland, France, Italy and Switzerland, additional mandatory state charges, may be due – they are also called financial transaction or stamp duty taxes. They are passed on directly to the customer and are therefore charged to the customer’s account. In Great Britain, the maximum figure is 0.5%, in Ireland it is no more than 1% and in Switzerland the figure is no more than 0.075%.
    In France and Italy, when customers purchase shares in French and Italian companies with a defined minimum market capitalisation, a financial transaction tax is automatically deducted in line with the current situation in December 2015; this amounts to no more than 0.2% of the value of the transaction.
Fees for partial trading – an example of calculations:

No partial trading fees if you purchase 2,000 shares in one order on one trading day.

Handling the order:

500 shares on Monday at 9.05 a.m.
500 shares on Monday at 11.30 a.m.
500 shares on Monday at 2 p.m.
500 shares on Monday at 4.30 p.m.
1 order fee

A partial trading fee if you purchase 2,000 shares in one order on two trading days.

Handling the order:

1,000 shares on Tuesday at 4 p.m.
1,000 shares on Wednesday at 9.05 a.m.
2 order fees

Example of euros (Xetra stock exchange:

260 shares at EUR 12.50 = EUR 3.90 in trading fees
15,000 shares at EUR 0.25 = EUR 4.50 in trading fees

Example of US dollars:

250 shares at USD 45.00 = US$ 4.75 in trading fees
10,000 shares at USD 0.02 = US% 2.50 in trading fees

Do you need some information on the transaction fee for a particular product? Then send us an e-mail using our contact form.

CFDs – Contracts for Difference

Trade in CFDs on shares and indices with extremely favourable conditions at Agora direct. CFDs are some of the leverage products and are a flexible alternative to trading in shares.

You can bet on rising and falling share prices with CFDs. You do not trade in the basic value, but exclusively in the change in its price and value – as a result, only one part of the actual value of the share has to be used.

In order to be able to trade in CFDs, you must have a margin to sell and also to maintain the item in your account. This percentage proportion of the actual trading amount is frozen and only released again after the sale.

You have access to trade in two kinds of CFDs: index CFDs and share CFDs.

Price table for index CFDs

cfd_indexes32en_GB
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Price table for share CFDs

cfd_stocks32en_GB
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Price table for CFDs on currencies

cfd_forex32en_GB
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Heavy traders – volume discounts for private and institutional traders

We draw up individually agreed commission rates for regular traders, premium traders or heavy traders and for commercial traders and asset managers. Please get in touch with us contact

You will find all the current tradable CFDs in our product search for CFDs.

CFDs

CFDs are a product, where you do business on the difference between the current and future market price of a share or an index, and this can be traded outside stock exchanges too.

General facts on CFD

  • Trading with CFDs offers you many economic benefits which you would obtain by owning or short selling the shares or indices that underlie them. A share CFD tries to map the advantages of a share, including market movements, dividend income and capital measures. Exceptions to these are cases where source tax rules for foreign investors have an effect on dividend payments or if an agreement is pending for an offer as part of a capital measure. Depending on the legal system, share CFDs offer the advantage, among others, that they are not subject to stamp tax. There may also be other tax advantages. Please consult your tax adviser on this
  • Share CFDs also offer all the advantages of trading with derivatives, including leverage and the opportunity of being able to enter into long or short positions. At the same time many of the disadvantages of traditional derivatives do not apply to share CFDs. In particular share CFDs do not expire and you do not need to consider any extensions and the resulting fall in the market price
  • The funding for a CFD transaction works in a similar way to a share transaction, where you pay interest on the net loan amount. In the case of a CFD, you pay interest on the value of the basic value and, in the most positive case with the relevant interest levels and trading volume, you can even obtain interest on your margin (security) balance amount

Index CFDs

You can obtain a broader foothold in the market with index CFDs than with other financial instruments

  • Flexible involvement in global markets
  • Low commission rates and financing conditions
  • Extremely transparent market quotations
  • Margin efficiency
Index CFDs also offer the following significant benefits:
  • Flexible involvement on global markets: Index CFDs can be traded in very small volumes of 1 times the index level, which enables the management of individual trading, even with fairly small accounts, and allows a variety of combinations, but does not require them. This is not the only difference with related futures that is an advantage, but index CFDs do not expire either. You therefore avoid costs and risks, which occur through the similar futures trading products, which are tied to specific dates
  • Low commission rates and financing conditions: depending on the index, the commission rates are just 0.01% - 0.02%. The transparent and plausible overnight financing costs amount to just the current base rate plus max. 2.00% p.a. with precise invoicing. This is always a genuine touchstone for all rivals, continuously and permanently
  • Extremely transparent market quotations: In contrast to various other index CFD providers, the commission rates here are transparent and easy to recognise. Furthermore, in contrast to other brokers, the spread (the difference between the bid and the selling price) of the associated basis futures is not artificially spread to the economic disadvantage of the customer. The index CFD listings represent the spread and the market price movements of the related futures correctly, these are not re-quotes. You therefore trade precisely in what you see. Customers are assured, that all the index CFD transactions are secured by hedges and no dealing desk is being operated. In extreme market conditions, trading processes cannot be guaranteed either
  • Margin efficiency: The low margin rates apply to the traded index CFDs, just as for related futures and adapted according to the volume of the contract

Share CFDs

There are also possible tax advantages associated with trading in CFDs; trading in CFDs offers the following benefits:

  • Transparent, low-cost commission rates and financing conditions
  • Trading in CFDs and the underlying shares possible at the same time
  • Margin efficiency
  • Efficient CFD reference price system
  • Transparent, low-cost commission rates and financing conditions: The commission rate is just 0.09% for share CFDs, although active traders may request individually discounted commission rates. The transparent and plausible overnight financing costs amount to just the current base rate plus max. 1.5% p.a. with precise invoicing. This is continuously an incentive for all CFD brokers at any time
  • Trading in CFDs and the underlying shares at the same time: Your universal stock exchange trading account enables you to display and trade in several product classes (asset classes) on one display at the same time. Have the CFD data on one line and the data of the underlying share on the next line. The trading platform which you have installed, supports shares, options, futures, currencies, CFDs, metals, raw materials, bonds and funds in a common account overview and one trading window
  • Margin efficiency: The margin requirements for CFDs are normally cheaper than the margin requirements for direct shares – however, never less favourable than the latter
  • Efficient CFD reference price system: The prices for CFDs reflect the market price listed at the stock exchange for the underlying share. This is only possible because a highly efficient smart routing technology is used to determine the CFD reference prices. With other providers, there may be a risk that you do not obtain the best possible price. Customers have the opportunity of adding market price listings directly in their stock exchange book in the same way as they would do when trading with shares. This opportunity exists because a hedge order is generated for each CFD order. As a result, a non-marketable CFD order is created at the stock exchange at the same time as an associated non-marketable order for the underlying share

CFDs on currencies

High transparency and fair prices are the decisive basis for a long-term customer relationship. Therefore, trading in CFDs on currencies is invoiced by using a very transparent fee structure. It is expressly waived, that additional intransparent price surcharges are added to the original price quotations and thus the impression being created that (allegedly) no provisions will be charged, as it is usual for many other Forex providers to the detriment of the customer.

The actual very narrow spreads of the interbank market are available to you as a client, because price quotation streams are fed by 14 of the world's leading forex traders with a total market share of over 78%1. As a result, quotes are displayed with an accuracy of sometimes only 0.1 PIP. Your private account will display these rates as they are received by forex traders without an artificially offset and added spread.

1Source: Euromoney FX Survey FX Poll 2016: The Euromoney FX Survey is the largest global survey of foreign exchange service providers.

 

Contact National stock exchange regulations & fees Risks Example of calculation Product request

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number +49 (030) 789 59 75 - 0 or make use of our contact form.

Information for trading with CFDs on indices:
  • A claim for trading fees exists with each order and for all types of orders
  • The trading fees shown are final prices – they include all the stock exchange and other outside expenses, if they are not listed separately
  • The value-added-tax (VAT), in many cases also called the consumer tax or the tax on goods or services, is calculated separately for the services concerned

Example: Assuming that the DJ Eurostoxx 50 (IBEU50) stands at 3,500 points

The minimum order is EUR 1.00 x 3,050 points = EUR 10120.50; a sum amounting to EUR 1,091.00 as security (margin) must be available for this.

Information for trading with CFDs on shares:
  • A claim for trading fees exists with each order and for all types of orders
  • The trading fees shown are final prices – they include all the stock exchange and other outside expenses, if they are not listed separately
  • The value-added-tax (VAT), in many cases also called the consumer tax or the tax on goods or services, is calculated separately for the services concerned
  • Any changed orders as the cancellation and replacement of an existing order by the new order. At certain stock exchanges, this may create a situation where the current minimum commission due for changed orders is handled in the same way as for new orders. If, for example, you place an order for 200 shares, of which 100 shares are traded and you then change the order, in response to which the remaining 100 shares are traded, the minimum fee will be due for both trading actions. Any orders, which remain overnight, are viewed as new orders for the purposes of calculating the minimum order on the following day
Warnings on the risks
  • Trading with CFDs is not suitable for all investors. As CFDs are leveraged products, customers may suffer considerable losses, which may exceed the original amount invested in certain circumstances
  • Your CFD agreement is concluded with Interactive Brokers (U.K.) Limited. Interactive Brokers (U.K.) Limited has been certified by the Financial Services Authority (“FSA”) and is regulated by it. Registration number: 208159
Other important information
  • Trading in CFDs is offered to customers with their main place of residence outside the USA and Canada, with the exception of the customers with their place of residence in Australia and Hong Kong
  • Customers, who meet the necessary conditions, must apply for trading authorisation for CFDs through the account management department and ensure that they have subscribed to the market data for the stock exchange where the underlying share is listed, which they would like to trade as a CFD
  • A market data subscription is required for index CFDs for trading in index CFDs. This subscription is available free of charge
Example of calculations for an index CFD:
Example of calculations in EUR:

You purchase 6 CFDs on the “DJ Eurostoxx 50” at a market price of 3,050 points
= 6 CFDs x 3,050 (price of CFD) = EUR 18,300.00
18,300.00 x 0.02% (commission) =
just EUR 3.66 in fees, including everything

Example of calculation in USD:

You purchase 3 CFDs on the Dow Jones Industrial 30 at a market price of 17,150 points
= 3 CFDs x 17,150 (price of CFD) = USD 51,450.00
= 17,150.00 x 0.01% (commission) =
just USD 5.15 in fees, including everything

Example of calculations for a share CFD:
Example of calculations in EUR:

You purchase 100 CFDs for SAP at a market price of EUR 55.00
= 100 CFDs x EUR 55.00 (price of CFD) = EUR 5,500.00
= 5,500.00 x 0.09% (commission) =
just EUR 4.95 in fees, including everything

Example of calculations in USD:

You purchase 300 CFDs for Boeing at a market price of USD 125.00
= 300 CFDs x 125.00 (price of CFD) = USD 37,500.00
= 300 x USD 0.09 (per CFD) =
just USD 2.55 in fees, including everything

Example of calculations: net financing costs for a share CFD

In the following example, a particular share (underlying) is listed at EUR 10.00 and as the CFD reference price genuinely reflects the market price of this share, the list price of the share CFD also amounts to EUR 10.00.

You purchase 300 CFDs each for EUR 10.00, i.e. EUR 3,000.00 in total. You keep this item for a period of 30 days.

Assumption:
Market price of the underlying share: EUR 10.00
CFD market price: EUR 10.00
Action: purchase
Quantity: 300
Duration: 30 days
Trading value: EUR 3,000.00
Margin (10% of EUR 3,000.00): EUR 300.00

Interest on the debit balance of EUR 3,000.00 for 30 days:
EUR 3,000.00 at 2.58% p.a. = EUR 77.40 divided by 360 days = a daily interest rate of just EUR 0.21

Net financing costs for 30 days: just EUR 6.36

Example of calculations: costs for CFDs on currencies

Example: $50,000 USD.EUR CFD contracts = only $2.00, all inclusive
(50,000, - multiplied by 0,00004 = 2,00)

Do you need some information on the transaction fee for a particular product? Then send us an e-mail using our contact form.

Foreign exchange trading (Forex)

You can trade in 94 different currency pairs through Agora direct. The best buying and selling prices are always made available from the inter-banking market. This creates very small spreads (the difference between the buying and selling price); as a result, the real trading costs are reduced enormously.

Agora only charges a minimal commission rate, which is billed separately, and is therefore verifiable and transparent for trading in foreign currencies. There are therefore no hidden costs! You can see this in our price comparison.

The trading fees amount to 0.01% of the amount traded/exchanged. The minimum fee is USD 5.00. The trading fees are automatically converted into the base currency.

Price table for foreign exchange trading/currency trading

forexprices32en_GB
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Heavy traders – volume discounts for private and institutional traders

We draw up individually agreed commission rates for regular traders, premium traders or heavy traders and for commercial traders and asset managers. Please get in touch with us contact.

Tradable currencies (Forex)

You can see a selection of approx. 94 tradable combinations here. Each pair can be traded in both directions. You will find a complete summary of the abbreviations and the trading currencies at the bottom of our site under the “Currency abbreviation” button. If you have any more questions about trading combinations and/or their use, please get in touch with us contact.

currencyforex32en_GB
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Currency margin rules

The currency margin rule always applies if you have various currencies in your account in the red or in the case of minus amounts.

Converting currencies

Before trading with products, which are not traded in your base currency, you must make an active currency exchange to the relevant foreign currency.

If you have a credit sum of EUR 2,000 in your trading account, you will be granted credit in other currencies and you can trade in any currency that you like without completing a currency exchange first.

The following table contains the fees to be charged, which accrue during a currency exchange.

 

Contact Currency abbreviations Example of calculations

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number: +49 (030) 789 59 75 - 0 or make use of our contact form.

A summary of abbreviations
currencyshortcodes32en_GB
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Example of calculating fees in EUR.USD:

EUR 46,000 at an exchange rate of 1.0896 = USD 50,000.00
0.01% of EUR 46,000 = just EUR 4.60 in trading fees (equals about USD 5.00)

Tradable currencies (Forex) – each pair can be traded in both directions.

Bonds, investment funds and metals

You obtain electronic access to European and US corporate bonds, government bonds from Asia and Europe, fixed-interest futures and fixed-interest options with Agora direct - everything through a single multi currency account.

Price table for bonds, investment funds and metals

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Contact *External fees National stock exchange regulations & fees Example of calculations Product request

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number: +49 (030) 789 59 75 - 0 or make use of our contact form.

Fees at FINRA, NYSE and BondDesk
bonds_usfee01_finra32en_GB
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bonds_usfee01_nyse32en_GB
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  1. Add an order to an order book at a stock exchange or an ECN before trading the order
  2. Orders, which are immediately traded with respect to an existing sales order (bid order) or offer in an order book at a stock exchange or an ECN
Fees with MuniCenter

Fees for municipal bonds are only charged to the seller.

Fees for corporate and government bonds are charged to both sides.

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Information on trading in bonds in the USA:
  • Commission/fees apply to all kinds and types of orders
  • As part of issuing the order, the full trading fees are always shown as final prices. They include all the stock exchange and other outside expenses.
  • Any changed orders are treated as the cancellation and replacement of an existing order by the new order. At certain stock exchanges, this can create a situation where the current minimum commission due for changed orders is handled in the same way as for new orders.
    Example: You issue an order for bonds with a nominal value of USD 10,000.00. You than adapt the current order and receive a statement covering the remaining USD 10,000.00 in nominal value. In this case, the minimum commission will be due for each of the statements involving USD 10,000.00. Any orders, which remain overnight, are viewed as new orders for the purposes of calculating the minimum order on the following day.
  • Value-added-tax (VAT), in many cases also called the consumer tax or the tax on goods and services, is calculated separately for the services concerned.
Information on trading in bonds in Europe:
bonds_europe32en_GB
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  1. Handling expense are currently set at 0.00 – however, changes may be introduced.
  2. The stock exchange may also charge a fee of EUR 2.00 per order, which goes beyond the set permissible ratio between order and trade of 5:1. In this ratio, any new and amended orders will be taken into account, but no cancellations.
  3. External fees are calculated based on the trading value. The trading value is defined as follows: the nominal value multiplied by the price in percent and divided by 100.
  • Commission/fees apply to all kinds and types of orders
  • As part of issuing the order, the full trading fees are always shown as final prices. They include all the stock exchange and other outside expenses.
  • Any changed orders are treated as the cancellation and replacement of an existing order by the new order. At certain stock exchanges, this can create a situation where the current minimum commission due for changed orders is handled in the same way as for new orders.
    Example: You send an order for 200 ounces, of which 100 ounces are traded. You adapt the order for the remaining 100 ounces and this order is also traded. The minimum fee is charged in this case for both trading procedures each involving 100 ounces. Any orders, which remain overnight, are viewed as new orders for the purposes of calculating the minimum order on the following day.
  • Value-added-tax (VAT), in many cases also called the consumer tax or the tax on goods and services, is calculated separately for the services concerned.
Information on trading in bonds in the Hong Kong:
bonds_hongkong32en_GB
Die Preistabellen können leider wegen eines technischen Problems aktuell nicht abgefragt werden. Wir arbeiten bereits an einer Lösung und bitten um Ihr Verständnis.
  • Commission/fees apply to all kinds and types of orders
  • Stock exchange fees, stock exchange tariffs, CCASS handling fees and CCASS custody fees are included in the fees. State stamp tax (0.1%, rounded up to the next whole number (1.00: this only applies to shares) and SFC transaction taxes (0.003% applies to shares and option certificates) are passed on directly to the customer. Please note the details in your account statements.
  • Any changed orders are treated as the cancellation and replacement of an existing order by the new order. At certain stock exchanges, this can create a situation where the current minimum commission due for changed orders is handled in the same way as for new orders.
    Example: You issue an order for bonds and receive a statement with a nominal value of USD 20,000.00. You than adapt the current order and receive a statement covering the remaining USD 10,000.00 in nominal value. In this case, the minimum commission will be due for each of the statements involving USD 10,000.00. Any orders, which remain overnight, are viewed as new orders for the purposes of calculating the minimum order on the following day.
  • Value-added-tax (VAT), in many cases also called the consumer tax or the tax on goods and services, is calculated separately for the services concerned.
Example of calculations for bonds:

Trading value = nominal x price in percent ÷ 100

Example of calculations:

The nominal value = EUR 1,500,00
The price = 106.62 %
Total value = 1,500.00 x 106.62 ÷ 100 = EUR 1,599.30

Commission of 0.25 % = 1,599.30 x 0.0025 = EUR 3.99 / but minimum fee EUR 6.00

Commission of EUR 6.00

The stock exchange also charges a fee of EUR 2.00 for each order, which goes beyond the set permissible ratio between the order and trade of 5:1. In this ratio, new and amended orders are taken into account, but no cancellations.

Example of calculations:

Four orders are transmitted and each of them is changed once. Trading takes place and a fee of EUR 6.00 is charged. The calculation takes place as follows:

4 order and 4 amendments = 8 orders, with 1 trade.
This provides a ratio of orders for trading of 8:1. The difference between the ratio of 8:1 and the permissible ratio at the stock exchange of 5:1 is 3 (8:1 – 5:1 = 3).

3 x EUR 2.00 = EUR 6.00

stock exchange fee: EUR 6.00

Do you need some information on the transaction fee for a particular product? Then send us an e-mail using our contact form.

Real time price data or market data

Stock exchanges offer price data that is accurate to the second to private and commercial traders/firms. The stock exchanges calculate user fees for this service. Many stock exchanges make a distinction between “professional” (commercial traders and firms) and “non-professional” (private traders) and charge different user fees.

However, this distinction does not affect the speed and quality of the data – just the level of the fees. Private users are at a distinct advantage here.

The original stock exchange fees are passed on directly to the customer by Agora direct. Therefore make use of the uniquely low-cost fee structure for real-time price data, e.g. for all US stock exchanges for just USD 10.00 per month with the possibility of receiving a credit note.

Prices for non-professional and professional

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Contact News services Notes

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number +49 (030) 789 59 75 - 0 or make use of our contact form.

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Notes

All the information here is non-binding. The prices and details of the products on offer may change, particularly when the services offered by third parties change. These changes may be passed on to the users. The transaction fees are directly charged to the trading account by the account-managing broker when executing an order (further details available in account opening application). Agora direct and its cooperation partners receive a commission proportion as retrocession. The amount is determined by the type and scope of the stock exchange products traded.

America
  1. This is an alternative NBBO, which supplies summarised data on market price listings, statements, volumes and top-of-the-book data from the stock exchange books of all the four US stock exchanges operated by BATS (BATS, BYX, EDGX, EDGA). It also contains the best bidding/selling rates (top of book quotes) and OTC markets, Dow Jones indices, CBOE market data express indices and market price listings for US bonds.
  2. Contains the best bidding/selling rates (top of book quotes) for CBOT, CME, COMEX and NYMEX
  3. In order to be able to access data on US futures, customers require trading permits for US futures.
  4. Free for all customers, who generate commission of at least USD 30.00 per month.
  5. Assumes a subscription to the benefit package for US securities and futures. Contains depth of book listings for CBOT, CME, COMEX and NYMEX and market depth data on BATS.
  6. Free for all customers, who generate commission of at least USD 30.00 per month.
  7. A subscription to “Network B (AMEX/CTA) Top of Book (L1)” enables customers to use smart routing for AMEX and ARCA listed shares.
  8. A subscription to “NYSE ArcaBook Depth of Book (L2)” offers customers insight into ARCA book depth listings and only enables customers to gain access to the best bidding/selling rates (top of book bid/ask) if they route their offer directly to ARCA. In order to obtain the last listings, customers require a subscription to network B (AMEX/CTA Top of Book (L1).
  9. Trading floor-based data normally contains only the last sales price, as bidding/selling rates are rarely available.
  10. Top of book data is included in the subscription to book depth data.
  11. Contains options and LIFFE precious metal futures and futures options.
  12. Contains US corporate bonds and US treasuries (debt instruments of the US Treasury Department).
  13. Subscription to “Network C Top of Book (NASDAQ/UTP) (L1)” data required.
  14. USD 10.00 per month for IBIS individual customers.
  15. Contains all the options exchanges.
  16. Free for customers who generate commission of at least USD 20.00 per month.
  17. The relevant CDE trading permits must be available.
  18. A subscription to “Toronto Stock Exchange Top of Book” or the “Data Package for Canadian Shares” is required.
  19. . A subscription to “Venture Exchange, Top of Book, Non-Professional”, “Data Package for Canadian Shares, Top of Book, Non-Professional” or “Toronto Stock Exchange, Top of Book, Professional” is required.
  20. The service is specified in CAD for Canadian accounts.
  21. This service may trigger fees for hosted solutions. You can find further information at http://ibkb.interactivebrokers.com/article/1852.
Europe
  1. Frankfurt Stock Exchange trading floor data is only available for Level I.
  2. Contains Chi-X, NURO.
  3. Level I does not show any market depth (only the best bidding/selling rates).
  4. Level II simply shows a market depth of 5.
  5. Contains options
Asia
  1. Contains derivatives and indices.
  2. Chi-X Australia must see the actual NBBO for ASX-listed shares.
  3. 5-second snapshot of data for the best bidding/selling rates and the last listing.
  4. Last listing in real time with a 3-second snapshot of data at the best bidding/selling rates.
  5. Last listing in real time with a 3-second snapshot of data at the best bidding/selling rates and market depth.
  6. For customers, whose accounts are registered outside the Chinese mainland.
  7. For customers, whose accounts are registered on the Chinese mainland.

Fees & interest

Telephone orders and account statements

Telephone orders are free of charge.

Account statements are also free of charge.
Fees are charged for requests for account statements (older than three calendar years ago) or tax documents from third parties (ClearStream Bank Frankfurt).
You can request these from Agora direct.

Transfer fees and disbursements

All SEPA bank transfers are free of charge.

Cancellation and change fees

Any cancellation/deletion of an order is always a change too and is therefore viewed as such.

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Die Preistabellen können leider wegen eines technischen Problems aktuell nicht abgefragt werden. Wir arbeiten bereits an einer Lösung und bitten um Ihr Verständnis.

Interest

The interest rates listed here relate to the interest of the base currency in question, which is subject to normal market fluctuations. There may be fluctuations in the specific day accounts, but they are always calculated in favour of the customer.

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Die Preistabellen können leider wegen eines technischen Problems aktuell nicht abgefragt werden. Wir arbeiten bereits an einer Lösung und bitten um Ihr Verständnis.

Index-CFDs:

 

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Share-CFDs

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Contact Information on cancellation/deletion

If you have any questions or require some explanation, please contact us on stock exchange trading days on the following number +49 (030) 789 59 75 - 0 or make use of our contact form.

Notes

Customers are fully responsible for their own trading.

The trading fees incurred for each order are displayed in the order confirmation window of the trading access system before the order is sent. In sending the order, the customer confirms and accepts these order fees and all the stock exchange and broker regulations associated with it.

Some stock exchanges charge fees on deleted or modified orders. They are mainly those where options or futures are traded, but not normally stock exchanges. If necessary, they are offset with fee credits. We would specifically point out that the fees charged do not just have to consist of costs that are passed on. Fees may also be waived, even if the stock exchange charges fees. Agora asserts the right to demand fees or not to demand them, regardless of third parties’ fee regulations.

If third parties like stock exchanges or clearing houses, change, do away with or add fees, taxes or other levies in addition to the prices published here, they will be passed on to the customer without any additional surcharge. This may be the case, for example, if a stock exchange charges a customer fees for deleting, modifying and/or cancelling incorrect business transactions or the customer personally provides instructions for this kind of cancellation or change in trading. In both cases, they shall bear the full costs. These costs are debited from the customer’s account when they become due.

Orders are primarily accepted as a “smart routing” type of order, because this allows better bidding and asking prices to be made available. The customer may also change orders separately and therefore route them to a stock exchange of their choice. This may create a situation where the trading centre specially selected by the customer also charges its own fees. The customer is responsible for obtaining information about possible additional fees/levies and possibly taxes at the specially selected trading place. Agora direct may also be available to provide information, if requested, without providing any conclusive guarantees for this. If customers are unclear about the costs, they should consult Agora direct before issuing the order. Agora will not recognise any complaints made subsequently.

If the customer foregoes the better “smart routing” option described above, in which the NYSE is naturally also included, and the customer sends an order directly to the NYSE instead of using “smart routing”, the NYSE charges an additional processing fee on any order, which is in the NYSE order books for longer than 5 minutes, the so-called NYSE Directed Order Handling Fee. This typically amounts to a sum of USD 0.01 per share. The customer is charged this additional fee if this order is not placed via “smart routing”. Generally, it is true that if the use of the “NYSE Directed Order” transfer method accounts for five percent of the total trading volume in the account, a “specialist pass through” fee is due for payment.

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