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Mutual Funds: Commission Pricing and Exchange Fees 

 

 

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Mutual Funds - Commission Pricing Structure

      

 

View the Different Pricing Structures for each of the Flexible Mutual Funds Investment Options that Place Trade offers

In order to offer the broadest investment opportunities with the least number of restrictions (e.g., minimums, fees, automatic investing, etc.) for both our full-service and online trading clients, we offer mutual funds in two different ways. Mutual Funds may be purchased and held within either your:

Some funds may be held either way, however, there are different requirements and commission structures for each type of account as well as among different investment companies offering fund direct accounts. Assets held fund direct do not count towards any brokerage account margin requirements. Mutual Funds may be purchased and held directly with the investment company instead of through your PT brokerage account. please give us a call at 919-719-7200 for more information.

 

Flexible Mutual Funds Investment Options: One more reason why Place Trade really is the Smart Place to buy, sell, trade and invest in for your financial future!

 
 

 
 

Global     Europe

North America

 

US Flag United States - Mutual Funds Held Fund Direct

Fund Direct assets are held directly with the mutual fund investment company and are not held in a PT Brokerage Account.

  Commissions Minimum
Automatic Investing:
Available with as little as $100 per month
Vary by individual fund prospectus/investment company Set by individual fund prospectus/investment company
All Account Types Vary by individual fund prospectus/investment company Set by individual fund prospectus/investment company
 

Take Advantage of an Experienced Financial Pro at No Additional Cost!
 

Your PT advisor may be able to help manage your mutual fund investments, without moving them and for no additional fee!
If you currently hold funds directly with an investment company, you may be able to add your experienced Place Trade Financial Advisor as your “Broker of Record” (which will allow your advisor to assist you with managing your account for no additional fee - even if you are only planning to trade online in your PT brokerage account). Get a free portfolio review – Call your advisor today to request a review.

Please note:
You do not need to move your assets. Your funds can remain in place at the investment company.
Adding an experienced PT advisor will not change any rules or fees set by your fund’s prospectus which will continue to apply.
There is no additional fee to add us or for us to manage your current investments, your investments will still be held fund direct (unless you request otherwise), and your fund’s prospectus will continue to apply (as long as you own them).
Changes to investment holdings or firms may result in additional fees as set forth by the specific prospectuses and/or firms involved.

 

Adding an experienced advisor is a super simple two step process on your part:
1. Let us (or your mutual fund investment company - either way is fine) know that you want to add us as your advisor. We will email a Broker of Record Change Form to you.
2. Return your signed Broker of Record Change Form to us (or directly to your mutual fund investment company) in order to complete the process.

It is really that simple!

We are happy to help you with any questions or concerns if you should need us! Please call us at 919-719-7200 today for more information.

 

 

 

US Flag United States - Mutual Funds Held in your Brokerage Account at Place Trade

  Commissions Minimum Initial Order Subsequent Minimum Order 
No Transaction Fee Funds $0.00 $3,000.00 $100.00 
All Other Available Funds $19.95 $3,000.00 $100.00 
   
 

 

Fixed and Flat Rate Pricing Structures (for mutual funds which are purchased and held within your PT brokerage account):

We offer both Fixed and Tiered commissions. The mutual fund pricing structures are defined per region. The structure that will be available to you will depend on the region of your legal residence and cannot be changed.

 

Fixed Plans
US Funds use a fixed rate low commission structure including all regulatory and exchange fees. Commissions apply to all mutual funds except No Transaction Fee Funds. Fixed rate pricing for European mutual funds charges a set percent of trade value and includes all PT commissions,
exchange and regulatory fees.

 

Tiered Plans
Tiered plans are not available through your PT brokerage account, however, mutual funds with breakpoints are available to US resident via our fund direct program. Please call us at 919-19-7200 for more information. 

 

 

 

 

 

Start Saving Time and Money when you Switch to Place Trade!

 

Enjoy our award winning client service, state of the art technology and investment cost savings along with the flexibility to trade online as well as the ability work with a full-service advisor* when you want to and you can do all of this conveniently within one account!** On top of our already low commissions, you may save even more money by having fewer accounts because with fewer accounts you may have lower combined fees than you are currently paying!

Make the switch to PT and put that extra money to work for yourself!

 

 

 

 *Full-service commissions apply for services and transactions associated with working with a full-service advisor. Online trading commissions will apply to all unrelated online trading transactions.

Full-service advisors are available to US residents only and only in states where individual advisors are authorized to provide advice. Please see the list of states where we are currently authorized to provide advice and open online trading accounts on our Open an Account page.  

** Account types must be similar: For example, you must combine the same types of accounts and cannot combine different types of accounts (e.g., a regular trading account and an IRA account cannot be combined together without meeting special requirements, taking additional steps and dealing with potential tax consequences). Fund direct assets may be transferred to a matching brokerage account type via a Trustee to Trustee transfer. Brokerage account assets including, cash or mutual funds may be transferred to a Fund Direct account via a Trustee to Trustee transfer, however, the mutual funds that are being transferred must be offered by the investment (mutual fund) company where you are moving the funds. 

 

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Europe - Mutual Fund Commission Pricing Structures


Place Trade offers both Fixed and Tiered plans for Mutual Fund Pricing Structures  

 

 Fixed Rate

Our Fixed pricing for European mutual funds charges a set percent of trade value and includes all commissions, exchange and regulatory fees.

  Commissions Minimum per Order Maximum per Order
EUR-denominated 0.1%* Trade Value (10 bps) EUR 4.00 EUR 29.00

 

 Tiered Rate - Mutual Fund Pricing Structure
Our transparent volume-tiered pricing for European mutual funds includes our low commission, which decreases depending on volume, plus exchange, regulatory and clearing fees.


Monthly Trade Value (EUR)
Fee per Trade Value Minimum per Order Maximum per Order
<= 1,000,000 0.080% EUR 1.25 EUR 29.00
1,000,001 – 10,000,000 0.060% EUR 1.25 EUR 29.00
10,000,001 – 50,000,000 0.050% EUR 1.25 EUR 29.00
50,000,001 – 100,000,000 0.030% EUR 1.25 EUR 29.00
100,000,001 – 500,000,000 0.020% EUR 1.25 EUR 29.00
> 500,000,000 0.015% EUR 1.25 EUR 29.00
  

<= USD 1,000,000 Face Value:
USD 1,000,000 Face Value = (0.025% x 1,000,000)
= USD 250.00

> USD 1,000,000 Face Value:
USD 2,000,000 Face Value = (0.025% x 1,000,000) + (0.005% x 1,000,000)
= USD 250.00 + USD 50.00
= USD 300.00

 

 Europe - EURONEXT Mutual Funds External Fees

External fees are passed through at cost 2 Click on the link below to see their fees.

Please Note: 

  • Full-service advisors and Fund Direct accounts are not available to non-US residents at this time.
  • We offer both Fixed and Tiered commissions. The mutual fund pricing structures are defined per region. The structure that will be available to you will depend on the region of your legal residence and cannot be changed.
  • Commissions apply to all order types.
  • All exchange and regulatory fees included.
  • Only no-load funds with no early redemption fee are offered.
  • Minimum size on initial fund order is USD 3,000, subsequent minimum order size is USD 100.
  • Mutual fund pricing structures are defined per region. The structure that will be available to you will depend on the region of your legal residence and cannot be changed.

 

 

Please call us at 919-19-7200 for more information. 
 


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Offshore Mutual Funds - Global Commission Pricing Structure

 

Fixed Rate - Mutual Fund Pricing Structure

Our Fixed pricing for Offshore Funds uses a low cost, fixed rate commission structure and includes all commissions, exchange and regulatory fees.

  Commissions Minimum Initial Order Subsequent Orders 
Transaction Fee USD 14.95 per Transaction USD $3,000.00 USD $100.00

 

Please Note:

  1. Exchange and regulatory fees are included.
  2. Commissions apply to all mutual funds.
  

 

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Stock Commissions: 

Asia-Pacific    Europe    North America

 


 

International Trading - View Market Centers / Exchanges Available for Online Trading at Place Trade - Global Offerings

 

 
 

 

 

All asset types and products from around the world are held and reported in a single account

 

Trade assets denominated in multiple currencies from a single account

 

Access to market data 24 hours a day and seven days a week keeps you connected to all global markets

 

 

  



*stocks directed to foreign markets may incur additional fees charged by the markets themselves.

*If our minimum commission per order is less than that of our clearing firm, then you will be charged our clearing firm's price.

 

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