The minimum initial deposit when opening an account with AS “SMP bank” is USD 2,000.
You can select currencies from EUR or USD as the base currency of your account and all transactions will be converted back to the base currency of your account.
For UK stocks, a PTM levy and Stamp Duty may be applicable. A PTM (Panel for Takeovers and Mergers) levy of GBP 1 applied to buy and sell transactions where the Gross Value of the trade exceeds GBP 10,000.
For Swiss stocks, a Stamp Tax of 0.075% is payable on the gross value of the trade.
Currency conversions are done using the close rate at New York (17:00 New York Local Time) plus/minus 0.5%.
Dividend payments from stock positions will be credited to your account, less any applicable withholding taxes.
Orders traded in the Nordic markets (Denmark, Sweden and Norway) may be split into an "even lot" which will be traded, and a remainder which may be routed to an odd-lot order book. For the parts of an order routed to the odd-lot order book:
Limit orders will be filled if possible or left until a fill is possible
Market orders will be filled immediately if possible, or otherwise cancelled (fill or kill principle)
