Pricing

Choose your service plan
Starter
Our basic plan for getting to know the broker. It includes a trading platform, portfolio monitoring, educational resources, multilingual support, and a personal manager fluent in Armenian, English, and Russian who assists with order placement, provides analytical insights, and facilitates IPO access.
Requirements
  • Minimum deposit: $10,000

General fees
  • Custody of USA equities (standard): free
  • Custody of USA fixed income securities (standard): free
  • Custody of USA securities (not-standard): 0.3% per annum
  • Custody of non-USA fixed income securities: 0.3% per annum
  • Account opening: free
  • Personal manager: free
  • Currency conversion: free (broker’s exchange rate)
  • Withdrawal of funds if (can be made only from local accounts):
    • Held in accounts for more than 6 months (whether in the form of securities or cash) and transferred to an account in the country of the deposit of those funds (securities): Bank charges + 0.1%
    • Held in accounts for less than 6 months (whether in the form of securities or cash) and transferred to an account in the country different from that of the original deposit (transfer): 5%
  • Outbound transfer of securities to external custodians:
    • For securities held in accounts for less than six (6) months: 5%, but no less than AMD 120 000 per ISIN
    • For securities held in accounts for six (6) months or more: AMD 120 000 per ISIN

Trading fees
  • USA and Canada Stock Exchanges: 0.5% (AMD 400 minimum)
  • 0.5% (bonds with par value $1 000 and more), AMD 400 per bond (for bonds with par value less than $1 000) (min AMD 20 000)
  • Primary investment in securities structured and placed by NVB trading platform: free
  • Selling VC/PE investment instruments structured by NVB: 1%
  • Buying VC/PE investment instruments structured by NVB: 5%
  • Selling debt obligations structured by NVB: 0.1%
  • Buying debt obligations structured by NVB: 0.2%
  • Other OTC transactions: Transaction based
  • IPO participation: 5%
  • Interest rate on margin loans in USD: 8.75%
  • Client-to-client internal transfer of securities: AMD 60 000 (per ISIN)

Consulting
Designed for clients investing larger sums. Offers enhanced personalized service: a dedicated manager guiding you at every step, in-depth analytical support, and priority access to attractive opportunities.
Requirements
  • Minimum deposit: $50,000

General fees
  • Custody of USA equities (standard): free
  • Custody of USA fixed income securities (standard): free
  • Custody of USA securities (not-standard): 0.3% per annum
  • Custody of non-USA fixed income securities: 0.3% per annum
  • Account opening: free
  • Personal manager: free
  • Currency conversion: free (broker’s exchange rate)
  • Withdrawal of funds if (can be made only from local accounts):
    • Held in accounts for more than 6 months (whether in the form of securities or cash) and transferred to an account in the country of the deposit of those funds (securities): Bank charges + 0.1%
    • Held in accounts for less than 6 months (whether in the form of securities or cash) and transferred to an account in the country different from that of the original deposit (transfer): 5%
  • Outbound transfer of securities to external custodians:
    • For securities held in accounts for less than six (6) months: 5%, but no less than AMD 120 000 per ISIN
    • For securities held in accounts for six (6) months or more: AMD 120 000 per ISIN

Trading fees
  • USA and Canada Stock Exchanges: 0.3% (AMD 800 minimum)
  • 0.3% (bonds with par value $1 000 and more), AMD 800 per bond (for bonds with par value less than $1 000) (min AMD 20 000)
  • Primary investment in securities structured and placed by NVB trading platform: free
  • Selling VC/PE investment instruments structured by NVB: 1%
  • Buying VC/PE investment instruments structured by NVB: 5%
  • Selling debt obligations structured by NVB: 0.1%
  • Buying debt obligations structured by NVB: 0.2%
  • Other OTC transactions: Transaction based
  • IPO participation: 5%
  • Interest rate on margin loans in USD: 8.75%
  • Client-to-client internal transfer of securities: AMD 60 000 (per ISIN)

Trader
You work independently in the market and have access to our technical support team.

Requirements
  • Minimum deposit: $200,000

General fees
  • Custody of USA equities (standard): free
  • Custody of USA fixed income securities (standard): free
  • Custody of USA securities (non-standard): 0.3% per annum
  • Custody of non-USA fixed income securities: 0.3% per annum
  • Account opening: free
  • Currency conversion: free (broker’s exchange rate)
  • Withdrawal of funds if (can be made only from local accounts):
    • Held in accounts for more than 6 months (whether in the form of securities or cash) and transferred to an account in the country of the deposit of those funds (securities): Bank charges + 0.1%
    • Held in accounts for less than 6 months (whether in the form of securities or cash) and transferred to an account in the country different from that of the original deposit (transfer): 5%
  • Outbound transfer of securities to external custodians:
    • For securities held in accounts for less than six (6) months: 5%, but no less than AMD 120 000 per ISIN
    • For securities held in accounts for six (6) months or more: AMD 120 000 per ISIN

Trading fees
  • USA and Canada Stock Exchanges: 0.1% (AMD 1200 minimum)
  • 0.1% (bonds with par value $1 000 and more), AMD 800 per bond (for bonds with par value less than $1 000) (min AMD 20 000)
  • Primary investment in securities structured and placed by NVB trading platform: free
  • Selling VC/PE investment instruments structured by NVB: 1%
  • Buying VC/PE investment instruments structured by NVB: 5%
  • Selling debt obligations structured by NVB: 0.1%
  • Buying debt obligations structured by NVB: 0.2%
  • Other OTC transactions: Transaction based
  • IPO participation: 5%
  • Interest rate on margin loans in USD: 8.75%
  • Client-to-client internal transfer of securities: AMD 60 000 (per ISIN)

Institutional
You and your broker reach an agreement on an individual plan based on discussions of your needs.

Requirements
  • Valid license
  • Successful completion of KYC
  • Audited financial statements

General fees
  • Account opening: free
  • Personal manager: free
  • Access to depository and trading desk: free


Commissions and Fees

For complete information on tariffs, please follow this link: Tariff description

Archived tariffs