General Fees Policy
This document outlines all relevant fees for SIZ. Make sure that you familiarize yourself with all costs and associated charges for each financial instrument offered by the Company, since these may affect the overall cost of a financial instrument as well as the cumulative effect on return of your investment. Also, make sure that you read the Further Information section at the end of this document, which sets out further information on the applicable fees.
Any examples in the tables are for illustration purposes only.
CFDs (Forex, ETFs, Stocks, Commodities, Indices and cryptocurrencies)
| Nature | Type | Description |
|---|---|---|
| One-off costs | Spread | The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including, but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset/ EUR/USD is trading at 1.2029, our ask (buy) price might be 1.2030 and the bid (sell) price might be 1.2028. The spread in this example is (ask-sell price) = 2 pips. |
| One-off costs | Mark-up / Mark-down | The Company may also apply markup or markdown upon the prices received from its price feed providers in accordance with its capacity as a market maker. The adjustment of spread and/or markups and markdowns depends on several factors, as mentioned above. |
| Ongoing costs | Swap / Rollover fee | A swap is the interest rate which is charged when a position is kept open overnight. The swap is calculated and applied to each position at 00:00 platform time. The swap charge is tripled when a position is kept open over a Wednesday. For example, if the value of 1 pip is 10 USD in a 1 lot EUR/USD trade and the overnight swap fee is -0.8 pips, then the swap charge for 1 lot will be 8 USD. |
Digital Options (Forex, Stocks, Commodities and Indices)
| Nature | Type | Description |
|---|---|---|
| One-off costs | Commission | For Digital Options, the Company does not charge commission upon opening and/or closing of a position. The commission is embedded in the payout rate. For example, if a client places a trade of 100 USD with a payout of 80%, if the option expires in-the-money the client will receive 180 USD. |
| Ongoing costs | Swap / Rollover fee | The Company does not charge any swaps for Digital Options. |
Further Information
1. Administrative fees
Dormant account fee
In case the client’s account is inactive for a period of 90 (ninety) calendar days, the Company shall be entitled to charge the Client a fixed fee of 50 EUR (“fifty euro”) for the maintenance of the account, provided that the account has available funds. The Company shall be entitled to charge this fee on a monthly basis, until the client’s account has been active again or the balance of the account has reached zero.
Account closure fee
The Company shall be entitled to charge the client an administrative fee of 20 USD (“twenty dollars”) for the closure of their account, where it has been identified that the client has not reached the age of maturity in the country, which the client is a citizen of or resides in.
The aforementioned fee shall be deducted from the client's account on the 8th day following the termination of the Agreement and client's failure to withdraw the remaining balance within the timeframe granted to him/her.
In case the remaining balance is less than 20 USD (“twenty dollars”), the Company shall reserve the right to charge up to 20 USD (“twenty dollars”) from the client's account.
2. Document Fraud Fee
The Company shall be entitled to charge the client an administrative fee of 20 USD (“twenty dollars”) where it has been identified that the client has not provided accurate, complete and true information about himself and/or the information and/or documents submitted to the Company are inauthentic and/or the client attempts to bypass any verification procedure by using fraudulent means).
In case the remaining balance is less than 20 USD (“twenty dollars”), the Company shall reserve the right to charge a lower amount from the client's account.
The administrative fee, among others, represents an approximate and reasonable cost of the Company in such circumstances, including time spent for communication and/or actions that must be taken.