Fees & Commissions
- Special to Papara
- Papara Invest Fees
Investment Account
| Account Opening | Free |
| Deposits and Withdrawals | Free |
| Account Maintenance | Free |
| Interest on Your TL Balance* | Yes |
U.S. Markets**
| Transaction Fee | $1 per buy or sell order |
| Live Market Data | Free |
| Fractional Shares | Yes |
| Account Protection (SIPC) | $250,000 |
| Securities Transfer Fee (virman)*** | $100 |
| Early Settlement Withdrawal**** | 1% (minimum $1) |
Borsa Istanbul***** (coming soon)
| Transaction Fee | 0.05% of trade value |
| Live Market Data | Free |
| Settlement and Custody Fee | Free |
| Corporate Actions (rights issues, bonus issues, pre-emptive rights) | Free |
| Securities Transfer Fee (virman) | 150 TL |
*A minimum balance of 500 TL is required to earn interest. To earn interest on a trading day, the balance must be in your account by 17:00 (Turkey time).
**A $1 transaction fee applies to each buy and sell order. U.S. market prices include BSMV (banking and insurance transactions tax).
***The securities transfer fee is charged per position and may vary by transfer method.
****Early settlement withdrawal is charged at 1% of the daily amount (minimum $1, up to $5,000). The minimum early withdrawal is $2.
*****Borsa Istanbul prices include BSMV.
Papara Invest (Papara Menkul Değerler A.Ş.) may change these amounts and rates. Current fee schedules for the Central Registry Agency (MKK) (www.mkk.com.tr), Borsa Istanbul (www.borsaistanbul.com), and Takasbank (www.takasbank.com.tr) are published on their websites.
Borsa Istanbul*
| Transaction Fee (via representative) | 0.2% of trade value |
| Order Changes and Cancellations | BIST rates apply. |
| Live Market Data | Free |
| Interest on Your TL Balance | Yes |
| Account Opening | Free |
| Account Maintenance (annual) | Free |
| Corporate Actions (rights issues, bonus issues, pre-emptive rights) | MKK and Takasbank rates apply. |
| Settlement and Custody Fee | MKK and Takasbank rates apply. |
| Margin Interest Rate (maximum) | Repo + 50% |
| Default Interest Rate | Repo + 50% |
| Securities Transfer Fee (virman) | 250 TL |
| EFT Fee** | 52.50 TL |
| Paper Statement Fee | 250 TL |
*Borsa Istanbul prices exclude BSMV (banking and insurance transactions tax).
**The EFT fee may vary with the size of the transfer and with changes to Takasbank’s commission schedule.
Papara Invest (Papara Menkul Değerler A.Ş.) may change these amounts and rates. Current fee schedules for the Central Registry Agency (MKK) (www.mkk.com.tr), Borsa Istanbul (www.borsaistanbul.com), and Takasbank (www.takasbank.com.tr) are published on their websites.
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