Schedule of Fees
Local Stockbroking | |||
Nominee | Non-Nominee | ||
Bonds | On the first €100k | 0.30% | 0.40% |
On the excess of €100k | 0.20% | ||
Shares | On the first €50k | 1.00% | 1.25% |
On the next €50k | 0.75% | ||
On the excess of €100k | 0.50% | ||
Malta Government Treasury Bills | 0.10% | 0.15% | |
A minimum fee of €20 per order applies.
Malta Stock Exchange additional transaction fees: €4.5 / $5 / £4 per transaction. Malta Stock Exchange additional Turnover Fee on the Regular Market : 0.03% Other related bank charges incurred on foreign currency transactions may also apply. New Client – Minimum transaction value of €20,000 |
International Stockbroking | |||
Bonds, Shares and Exchange Traded Funds | 1.25% per trade | ||
A minimum fee of €60 (or the equivalent in foreign currency) per transaction applies.
Charges in relation to stamp duty or other similar charges may also be applicable to certain Stock Exchanges. No charge is applicable if a bond is held to maturity New Client – Minimum transaction value of €20,000 |
Collective Investment Schemes / Funds | |||
Buying | 3.50% | ||
Selling | €25 | ||
A minimum fee of €100 applies on each buying transaction and €25 on each selling transaction.
Subject to a maximum charge quoted on the funds’ Key Investor Information Document (KIID). Switching between Funds will incur 0.5% charge. New Client – Minimum investment of €20,000. Existing Client – Minimum additional investment of €5,000. |
Discretionary Portfolio Fees | |||
Fees in respect of monitoring and advice on portfolios | 1.00% per annum | ||
Charged monthly and calculated pro rata on the total value of assets. |
Financial Intermediation Services Fee | |||
Minimum charge per account | €50 per annum | ||
Total Holdings more than €100k and less than €500k | 0.065% per annum | ||
Total holdings more than €500k and less than €1M | 0.055% per annum | ||
Total holdings more than €1M and less than €1.5M | 0.050% per annum | ||
Total holdings more than €1.5M | 0.045% per annum | ||
Maximum charge per account | €1000 per annum | ||
Fee is charged as a percentage of clients’ total assets per account, calculated quarterly on a pro rata basis.
Waived with respect to investments within sub-funds of Merill SICAV plc, 62+ Government Savings Bonds & MAPFRE MSV products. |
Miscellaneous Charges | |
Onboarding Fees | |
Onboarding Fee – First meeting | €100 |
Onboarding Fee – Non-EU residents (Based on Customer Risk Assessment) | €2,000 (Minimum) |
Onboarding Fee – Eligible counterparty and institutional clients | As per quote |
Third-Party Custody Fee | 0.05% |
Fee is charged as a percentage of clients’ holdings subject to third-party custody fee (international securities held under nominee), calculated semi-annually on pro rata basis. A minimum fee of €5 per annum applies | |
Transaction Fee for New Bond & Share Issue Applications | |
– Nominee applications | NIL |
– Non-nominee applications | €25 per application |
Valuation and Summary of Income Statements – sent quarterly | |
– By email | NIL |
– By Post | NIL |
– Request for additional Income and Valuation statements | €10 per request |
Processing of interest & dividend payments | |
– Local Bonds & Shares | NIL |
– Foreign Bonds & Shares | €5 per interest payment |
– Processing of non-Euro fund interest payments to non-Bank of Valletta bank accounts | $15 or £12 per interest payment |
Any distribution of income and dividends by cheque | €8 per interest payment |
Re-issuing of lost cheque | €20 |
Pledging of holdings | €40 per holding |
A maximum fee of €200 applies | |
Death of a shareholder (transfer of holdings) | €20 per holding |
A minimum fee of €150 applies | |
Transfer of holdings to another Broker | €150 per holding |
Internal transfer of holdings | €10 per holding |
Transfer of ownership of MSE listed holdings | €25 per holding |
Transfer of ownership for corporate restructuring | As per quote |
Withholding tax certificate – issued on request | €25 |
Currency Conversion | As per official rate provided by BOV |
A preferential rate may be obtained, which can be retained by the company at its discretion. |
OTHER | |
The company may also receive commission / income from issuers of Initial Public Offerings (IPOs). | |
Hold mail for client collection | €50 per year |
Transfer of Funds re monies held on account | |
– SEPA Bank Transfer – Not to a BOV account | $15 or £12 |
– SEPA Bank Transfer – Same day transfer | €10 |
Other out of pocket fees might apply
Fees quoted are exclusive of VAT where applicable.
Version – June 2024