COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website. 8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice. 8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations. 8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details. 8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf. 8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions. 8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction. 8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account. 8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit: (a) is designed to enhance the quality of the relevant service to the Client; (b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client; 8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service. 8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to: a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges. 8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency. 8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them. 8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information. 8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 5 contracts
Samples: Client Agreement, Client Agreement, Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client provision of Services is subject to the payment of costs, fees, commissions, daily funding for CFDs, charges to the Company (the “Costs”), which are set out in the Contract Specifications or on the Company Website. In addition to Costs, other commissions and charges may be due by the Private Investor directly to third parties. The Private Investor shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specificationsall such costs. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company Certain types of Costs may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by appear as a Partner (Introducer and/or Affiliate) percentage of the Company Partners (Pinnacle Services Ltd) and/or value of the Company and/or any third partyCFD, therefore the Private Investor has the responsibility to understand how Costs are calculated. When providing a Service to a Private Investor, the Company may pay a fee and/or commission or receive fees, commissions or other non- monetary benefits from third parties or Introducers to the Company Partners and/or extent permissible under Applicable Regulations. To the Partner directly, for services rendered calculated on the basis of the volume traded extent required by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the ClientApplicable Regulation, the Company shall disclose further details.
8.5 The Client accepts will provide information on such benefits to be notified if the Private Investor on request. Details of any taxes which the Company pays commissions/fees is required to any third party who introduced him or who acts pay on the ClientPrivate Investor’s behalf.
8.6 behalf will be stated on Confirmations issued to the Private Investor. The Client undertakes Private Investor may also be liable for other taxes which are not collected by the Company and the Private Investor should seek independent expert advice if he is in any doubt as to pay all stamp expenses relating whether he may incur any further tax liabilities. Tax laws are subject to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 change from time to time. The Client Private Investor shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards . The Private Investor undertakes to Stock Trading pay all stamp duties and other expenses relating to this Agreement and any documentation which may be required for the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 carrying out of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US StocksTransactions under this Agreement. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client vary its Costs from time to timetime in its sole discretion. For more informationThe Company will provide to the Private Investor, where reasonable, with a Written Notice informing of any changes, before they come into effect. The Private Investor acknowledges that all information as well as subsequent updates relating to Contract Specifications shall be found online at xxx.0xxxxxx.xxx. Further, the Client should consult the Terms Private Investor acknowledges that it is their sole responsibility to remain informed of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection subsequent updates and/or amendments on this matter. Swaps are calculated with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf basis of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance interbank market price. All CFDs conducted with the Company’s duty Company relate to act honestly, fairly and professionally open-ended margined products that require funding on a daily basis. Any amount which is not paid in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary above paragraphs or non-monetary benefit received elsewhere in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending this Agreement on the Client’s Trading Account currencydue date therefore shall bear interest at the Applicable Rate plus 4% per annum, for each day for which such amount remains unpaid.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 4 contracts
Samples: Client Agreement, Client Agreement, Terms and Conditions
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 9.1 The Client shall be obliged to pay the Company AMLTD the commissions, charges and other costs set out in the Contracts Specificationson AMLTD's website(s). The Company shall AMLTD will display all current commissions, charges and other costs on its Website.
8.2 The Company 9.2 AMLTD may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due noticeAMLTD Website.
8.3 9.3 Any commissions or fees which the Company AMLTD receives or pays will be effected according to the provisions of Applicable Regulationseffected.
8.4 9.4 AMLTD may from time to time deal on the Client’s behalf with persons whom AMLTD has a soft commission agreement which permits AMLTD (or another member of AMLTD's group) to receive goods or services in return for transacting investment business with such persons or others. It is the policy of AMLTD in relation to such agreements to ensure that such arrangements operate in the best interest of the Client as far as practicable, for example, because the arrangements allow access to information or other benefits which would not otherwise be available.
9.5 The Client is hereby informed agrees that in the event where the Client has been introduced to the Company AMLTD by a Partner (Introducer and/or Affiliate) of the Company AMLTD Partners (Pinnacle Services Ltd) and/or of the Company and/or AMLTD and/ or any third party, the Company AMLTD may pay a fee and/or commission to the Company AMLTD Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company AMLTD shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 9.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying currying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 2 contracts
Samples: Account Opening Agreement, Account Opening Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 10.1. The Client Customer shall pay: a. The commissions and charges established by the Bank and set out in the Annex 1 - Commissions and Charges; b. The Commissions and Charges charged by the Independent Broker and/or any Third Party contracted by the Independent Broker. The Customer confirms that he/she is aware of the Commissions and Charges imposed by the Independent Broker and/or any third party contracted with the Independent Broker and is not known to the Bank in advance, therefore such Commissions and Charges information will be available to the Customer through the investment module.
10.2. The Bank is entitled to, without further consent and acceptance of the Customer, any time, without prior notice, unilaterally change Commissions and Charges specified in the Agreement, in case the change improves the Customer’s condition, by placing the relevant information on the Website or/and in another form acceptable to the Bank, unless otherwise provided by legislation. In the event of increasing the Commissions and Charges, the Bank is authorized to change the Commissions and Charges by giving one month's prior notice to the Customer, unless otherwise specified by law.
10.3. In addition to the Commissions and Charges specified in Annex 1 - Commissions and Charges, the Customer shall pay all applicable VAT and other taxes, storage and delivery fees, exchange and clearing house fees or any fees passed on by the Independent Broker, as well as all other fees that may be imposed on the Bank in connection with any Transaction or/and maintaining of the relationship with the Customer.
10.4. In addition to the Commissions and Charges under this Agreement, the Customer shall pay to the Bank on demand the amount of the Unauthorized Limit allowed on the investment account, among them any amount to maintain a positive cash balance on the Investment Account or Customer’s any other account(s) opened with the Bank.
10.5. The Bank shall be entitled to demand that the following expenses and fees are paid by the Customer:
10.5.1. All costs incurred in providing additional information to the Customer such as courier and postal expenses in case the Customer requests the Bank to send hardcopy Trade Confirmations, Investment Account Statements, etc. which the Bank could have delivered in electronic form;
10.5.2. Any expenses of the Bank, caused by the failure of the Customer to fulfill his/her obligations fully and properly, including a fee determined by the Bank in relation to forwarding of reminders, legal assistance, etc.;
10.5.3. Any expenses of the Bank related to request by state authorities of information on services provided under this Brokerage Agreement;
10.5.4. Administration fees in connection with security deposits, and any expenses of the Bank in relation to a pledge, if provided, including any insurance premium payments;
10.5.5. Any expenses incurred by the Bank in communicating with the auditor or/and sending relevant statements/documentation.
10.6. Any fees and expenses under Sub-paragraph 10.6 of this Brokerage Agreement will be charged either as a fixed amount corresponding to payments effected, or as a percentage or hourly rate corresponding to the service performed. The methods of calculation can be combined.
10.7. The Bank is entitled to, without further consent and acceptance of the Customer, without prior notice, unilaterally introduce new fees, commissions and charges if a new product/functionality is added to the Investment Module.
10.8. The Bank may share Commissions and Charges with its associates, including the Independent Broker or other Third-Party service providers.
10.9. Unless specified otherwise in this Agreement, any amounts/any debt/any obligation of the Customer to the Bank, including the amount of the commission, (or its agents, associates, the Independent Broker or other Third-Party service providers whose services are used by the Bank) under the Agreement, at the Bank’s discretion, at any time in total or partially shall:
10.9.1. Be deducted from the amount receivable by the Customer; or
10.9.2. Be deducted from the Customer’s Investment Account any funds at any time; or
10.9.3. Be debited at any time from the Customer’s Bank Account, including the Customer’s Deposit Account
10.9.4. Be paid by the Customer in accordance with the instructions of the bank, only if the corresponding payment/commission/charges has not been paid, in any other way provided for in the same paragraph.
10.10. The Bank is authorized, in accordance with the Legislation, to write off any obligation/Commissions/Charges, without acceptance, from any Account, including from any type of deposit Account, of the Customer and if the obligation/Commissions/Charges and the amount on the account of the Customer are in different currencies, the Bank shall carry out conversion at its exchange rate effective by the date of payment, write off, without acceptance, the fee for conversion service from the Account and use the converted amount to cover corresponding obligation/Commissions/Charges. Until the full performance of obligation/Commissions/Charges, the Bank may, in accordance with the rules and procedures defined by the Bank, determine the amount of interest rate, Commission fee, Penalties and/or other financial expenses, and/or allow an Unauthorized Limit on the Customer's account. In addition, the Bank is entitled to deduct any type of obligation/Commissions/Charges payable by the Customer to the Bank from any of Customer’s accounts, both in full and in part, including the accrued obligation/Commissions/Charges from the Customer’s accounts at any time and not during each specific operation, and/or at the time of specific payment obligations. For the avoidance of any doubt, the Bank is not limited as to the period during which the accumulated obligation/Commissions/Charges will be charged to the Customer in one lump sum or what the amount of this obligation/Commissions/Charges will be and/or in what time frame it will deduct the amount from the Customer’s account from the moment of the obligation to pay the payment.
10.11. By agreeing to this Brokerage Agreement, the Customer declares his/her consent and confirms that he/she is aware that the Bank, as the successor of JSC Galt & Xxxxxxx, for the purposes of the services to be provided under this Brokerage Agreement, is granted full authority to fully and/or partially deduct/repay, any amount of the commissions or charges accrued/accumulated in the name of the Customer payable to JSC Galt & Xxxxxxx in accordance with clauses 10.9-10.10 of this Brokerage Agreement. In addition, for the avoidance of any doubt, the parties agree that the claim against the Customer of JSC Galt & Xxxxxxx in relation to the obligation to pay the specified fees/commissions arising from the brokerage agreement is fully transferred to the Bank. Accordingly, the Customer is obliged to pay the Company Bank any obligations arising from the commissionsBrokerage Agreements concluded between JSC Galt & Xxxxxxx and the Customer.
10.12. By using the services under this Agreement, charges the Customer authorizes the Bank to deduct relevant Commissions and Charges from the Investment Account or/and the Bank Account to pay for applicable brokerage Commissions and Charges, and other costs set out in the Contracts Specificationsfees. The Company shall display all current commissions, charges Customer also authorizes the Independent Broker to deduct relevant Commissions and other costs Charges from the Investment Account and to pay to the Bank on its Websitethe Customer’s behalf any such Commissions and Charges that are due from the Customer to the Bank.
8.2 The Company may vary commissions10.13. If the Customer makes any payment which is subject to any price fluctuations, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions withholding or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third partydeduction, the Company may pay a fee and/or commission to Customer shall compensate the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required Bank for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement ordebited, where withheld amount additionally, in order to ensure full and proper performance of the amount canCustomer's obligation to the Bank.
10.14. Pursuant to Chapter 10 of this Brokerage Agreement, the Customer may be charged with reimbursement of additional expenses to the Bank, for which the Bank shall not be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary serviceliable.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 2 contracts
Samples: Brokerage Service Agreement, Brokerage Service Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1
7.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in on the Contracts SpecificationsWebsite or MyAlpari. The Company shall display all current commissions, charges and other costs on its WebsiteWebsite or MyAlpari.
8.2 7.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website or MyAlpari and posting on the Website or MyAlpari shall be considered due notice.
8.3 Any commissions or fees which 7.3 The Company may from time to time deal on the Client’s behalf with persons with whom the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to a soft commission agreement which permits the Company by a Partner (Introducer and/or Affiliate) or another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third party, in relation to such agreements to ensure that such arrangements operate in the Company may pay a fee and/or commission to best interest of the Company Partners and/or the Partner directlyClient as far as practicable, for services rendered calculated on example, because the basis of the volume traded by the Client and/or arrangements allow access to information or other benefits which would not otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further detailsbe available.
8.5 7.4 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 7.5 The Client agrees in the event that his/her remaining Trading Account Balance is up to 1 EUR/USD or the equivalent to EUR/USD per account and his/her Trading Account is closed or inactive for more than 90 calendar days, then the Company shall have the right to deduct this remaining Trading Account Balance and use it for charity purposes at its absolute discretion.
7.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 7.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 7.8 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case 7.9 Client’s funds are held on the Company’s accounts including segregated accounts opened in the Company’s name for holding Client funds separate from the Company’s funds.
7.10 The Client acknowledges and agrees that the Company will not pay interest to the Client does not have any trading activity on all Clients Trading Accounts funds located in Client accounts.
7.11 The Company shall be entitled, at its sole discretion, to refuse to provide the Subscription for a period equal particular Trading Account or all of the Client's Trading Accounts, as well as cancel a previously provided Subscription without prior notice or explanation of reasons.
7.12 The Company shall under no circumstances be held liable for not canceling the Subscription due to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s inability to access the Trading Account currencyAccount.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 2 contracts
Samples: Client Agreement, Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS.
8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website, Trading Platform or Mobile App. However the Company will not be held liable for any inaccuracies occured, that are beyond the Company’s reasonable control due to market variations.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website Website, Trading Platform or Mobile App and posting on the Website shall be considered due notice. However the Company will not be held liable for any inaccuracies occured, that are beyond the Company’s reasonable control due to market variations.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business Platform Usage Agreement for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-non- monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
(a) charge the Client the equivalent amount of any deposit fees incurred, or or
(b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 8.13 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 8.14 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The provision of Services is subject to the payment of costs, fees, commissions, daily funding for CFDs, charges to the Company (the “Costs”), which are set out in the Contract Specifications or on the Company Site. In addition to Costs, other commissions and charges may be due by the Client directly to third parties. The Client shall be obliged to pay all such costs. Certain types of Costs may appear as a percentage of the Company value of the commissionsCFD, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where therefore the Client has been introduced the responsibility to the Company by understand how Costs are calculated. When providing a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third partyService to a Client, the Company may pay a fee and/or commission or receive fees, commissions or other non- monetary benefits from third parties or Introducers to the Company Partners and/or extent permissible under Applicable Regulations. To the Partner directly, for services rendered calculated on the basis of the volume traded extent required by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the ClientApplicable Regulation, the Company shall disclose further details.
8.5 The will provide information on such benefits to the Client accepts to be notified if on request. Details of any taxes which the Company pays commissions/fees is required to any third party who introduced him or who acts pay on the Client’s behalf.
8.6 behalf will be stated on Confirmations issued to the Client. The Client undertakes may also be liable for other taxes which are not collected by the Company and the Client should seek independent expert advice if he is in any doubt as to pay all stamp expenses relating whether he may incur any further tax liabilities. Tax laws are subject to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 change from time to time. The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards . The Client undertakes to Stock Trading pay all stamp duties and other expenses relating to this Agreement and any documentation which may be required for the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 currying out of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stockstransactions under this Agreement. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client vary its Costs from time to timetime in its sole discretion. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right will provide to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where reasonable, with a Written Notice informing of any changes, before they come into effect. The Client acknowledges that all information as well as subsequent updates relating to Contract Specifications shall be found online at xxx.xxxxxxxxxx.xxx. Further the relevant payment or benefit:
(a) Client acknowledges that it is designed their sole responsibility to enhance remain informed of any subsequent updates and/or amendments on this matter. Swaps are calculated with the quality basis of the relevant service to the Client;
(b) does not impair compliance interbank market price. All CFDs conducted with the Company’s duty Company relate to act honestly, fairly and professionally open-ended margined products that require funding on a daily basis. Any amount which is not paid in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary above paragraphs or non-monetary benefit received elsewhere in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending this Agreement on the Client’s Trading Account currencydue date therefore shall bear interest at the Applicable Rate plus 4% per annum, for each day for which such amount remains unpaid.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Retail Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Trading Conditions Section Contracts Specifications. The Company shall display all current commissions, charges charges, and other costs on its Website.
8.2 . The Company may vary commissions, charges charges, and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges charges, and other costs are displayed on the Company’s Website Website, and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which . The Company may from time to time deal on the Client’s behalf with persons with whom The company has a soft commission agreement that permits the Company receives (or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third party, in relation to such agreements to ensure that such arrangements operate in the Company may pay a fee and/or commission to best interest of the Company Partners and/or the Partner directlyClient as far as practicable, for services rendered calculated on example, because the basis of the volume traded by the Client and/or arrangements allow access to information or other benefits which would not otherwise and/or on the basis of the agreement concluded between the two partiesbe available. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 . The Client agrees in the event that his/her remaining Trading Account Balance is up to 1 EUR/USD or the equivalent to EUR/USD per account and his/her Trading Account is closed or inactive for more than 90 calendar days, then the Company shall have the right to deduct this remaining Trading Account Balance and use it for charity purposes at its absolute discretion. The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 . SOCRATES LEGACY, Ltd., Xxxxx 000, Xxxxxxxx Xxxxxx, Beachmont Kingstown. St Xxxxxxx and the Grenadines. Business Registration Number: 26151 BC 2021 The Client shall be solely responsible for all filings, tax returns returns, and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value value-added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 7.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Trading Conditions Section Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website. The commission is 0.002% in forex, commodities, indices and metals, 0.045% in crypto, and 0.05% in stocks.
8.2 7.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which 7.3 The Company may from time to time deal on the Client’s behalf with persons with whom the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to a soft commission agreement which permits the Company by a Partner (Introducer and/or Affiliate) or another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third party, in relation to such agreements to ensure that such arrangements operate in the Company may pay a fee and/or commission to best interest of the Company Partners and/or the Partner directlyClient as far as practicable, for services rendered calculated on example, because the basis of the volume traded by the Client and/or arrangementsallow accessto information or other benefitswhich would not otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further detailsbe available.
8.5 7.4 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 7.5 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 7.6 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards 7.7 Client’s funds are held on the Company’s accounts including segregated accounts opened in the Company’s name for holding Client funds separate from the Company’s funds.
7.8 The Client acknowledges and agrees that the Company will not pay interest to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the on funds located in Client “certifies” his country of residence and confirms that is not a resident of the United States. accounts.
7.9 The Company shall be required entitled, at its sole discretion, to deduct US withholding tax on income and gross proceeds from refuse to provide the Subscription for a particular Trading Account or all of the Client's Trading Accounts, as well as cancel a previously provided Subscription without prior notice or explanation of reasons.
7.10 The Company shall under no circumstances be held liable for not canceling the Subscription due to the Client’s investments in US Stocks. The Company may also charge inability to access the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Trading Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client provision of Services is subject to the payment of costs, fees, commissions, daily funding for CFDs, charges to the Company (the “Costs”), which are set out in the Contract Specifications or on the Company Website. In addition to Costs, other commissions and charges may be due by the Private Investor directly to third parties. The Private Investor shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specificationsall such costs. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company Certain types of Costs may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by appear as a Partner (Introducer and/or Affiliate) percentage of the Company Partners (Pinnacle Services Ltd) and/or value of the Company and/or any third partyCFD, therefore the Private Investor has the responsibility to understand how Costs are calculated. When providing a Service to a Private Investor, the Company may pay a fee and/or commission or receive fees, commissions or other non- monetary benefits from third parties or Introducers to the Company Partners and/or extent permissible under Applicable Regulations. To the Partner directly, for services rendered calculated on the basis of the volume traded extent required by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the ClientApplicable Regulation, the Company shall disclose further details.
8.5 The Client accepts will provide information on such benefits to be notified if the Private Investor on request. Details of any taxes which the Company pays commissions/fees is required to any third party who introduced him or who acts pay on the ClientPrivate Investor’s behalf.
8.6 behalf will be stated on Confirmations issued to the Private Investor. The Client undertakes Private Investor may also be liable for other taxes which are not collected by the Company and the Private Investor should seek independent expert advice if he is in any doubt as to pay all stamp expenses relating whether he may incur any further tax liabilities. Tax laws are subject to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 change from time to time. The Client Private Investor shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards . The Private Investor undertakes to Stock Trading pay all stamp duties and other expenses relating to this Agreement and any documentation which may be required for the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 carrying out of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US StocksTransactions under this Agreement. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client vary its Costs from time to timetime in its sole discretion. For more informationThe Company will provide to the Private Investor, where reasonable, with a Written Notice informing of any changes, before they come into effect. The Private Investor acknowledges that all information as well as subsequent updates relating to Contract Specifications shall be found online at xxx.0xxxxxx.xx. Further, the Client should consult the Terms Private Investor acknowledges that it is their sole responsibility to remain informed of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection subsequent updates and/or amendments on this matter. Swaps are calculated with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf basis of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance interbank market price. All CFDs conducted with the Company’s duty Company relate to act honestly, fairly and professionally open-ended margined products that require funding on a daily basis. Any amount which is not paid in accordance with the best interests above paragraphs or elsewhere in this Agreement on the due date therefore shall bear interest at the Applicable Rate plus 4% per annum, for each day for which such amount remains unpaid. The Company reserves the right to charge a fixed account maintenance fee of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client USD / EUR / GBP 50 (depends on mechanisms account currency) every 45 days for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any inactive accounts (no trading activity from movements within the last deposit made or if any other form of abuse 45 days), assuming the account has sufficient funds. If the account is found funded with less than USD / EUR / GBP 50 (depends on account currency) and has been inactive for 45 days period, the Company reserves the right to:
a) to charge a lower amount to cover administrative expenses and inform the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amountpending account closure within the next 10 business days after this notification. In case of account closure, this Agreement will be suspended and/or your account will be archived. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts company also charge fees for a period equal to 6 (Six) consecutive calendar months or zero spread accounts Please find more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday info regarding our fees in our website xxx.0xxxxxx.xx. Swaps are calculated oncewith the basis of the interbank market price. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for Please find more information.
8.15 In case of a corporate action info regarding the Rolling over Commission / Overnight Commission / SWAPS on the underlying security section 34 of a CFD, this Terms & Conditions and any cash indices, on our website xxx.0xxxxxx.xx. Please find more info on the Company will transfer to its Clients section 35 of this Terms & Conditions and on our website xxx.0xxxxxx.xx. -Automatic Future Contract Rolling Fee Please find more info on the economic effect (either positive or negative) section 35 of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex this Terms & Conditions and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-dateon our website xxx.0xxxxxx.xx.
Appears in 1 contract
Samples: Terms and Conditions
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 10.1. The Client Customer shall be obliged to pay pay: a. The commissions and charges established by the Company the commissions, charges Bank and other costs set out in the Contracts SpecificationsAnnex 1 - Commissions and Charges; b. The Commissions and Charges charged by the Independent Broker and/or any Third Party contracted by the Independent Broker. The Company shall display all current commissionsCustomer confirms that he/she is aware of the Commissions and Charges imposed by the Independent Broker and/or any third party contracted with the Independent Broker and is not known to the Bank in advance, charges therefore such Commissions and other costs on its WebsiteCharges information will be available to the Customer through the investment module.
8.2 10.2. The Company may vary commissionsBank is entitled to, charges without further consent and other costs from time to time acceptance of the Customer, any time, without prior Written Notice to notice, unilaterally change Commissions and Charges specified in the Client. All changes Agreement, in commissionscase the change improves the Customer’s condition, charges and other costs are displayed on by placing the Company’s Website and posting relevant information on the Website shall be considered due noticeor/and in another form acceptable to the Bank, unless otherwise provided by legislation. In the event of increasing the Commissions and Charges, the Bank is authorized to change the Commissions and Charges by giving one month's prior notice to the Customer, unless otherwise specified by law.
8.3 Any commissions or fees which the Company receives or pays will be effected according 10.3. In addition to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that Commissions and Charges specified in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third partyAnnex 1 - Commissions and Charges, the Company Customer shall pay all applicable VAT and other taxes, storage and delivery fees, exchange and clearing house fees or any fees passed on by the Independent Broker, as well as all other fees that may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated be imposed on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or Bank in connection with any TransactionTransaction or/and maintaining of the relationship with the Customer.
8.8 10.4. In regards addition to Stock Trading the Client will be requested Commissions and Charges under this Agreement, the Customer shall pay to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 the Bank on demand the amount of the Internal Revenue Code Unauthorized Limit allowed on the investment account, among them any amount to maintain a positive cash balance on the Investment Account or Customer’s any other account(s) opened with the Bank.
10.5. The Bank shall be entitled to demand that the following expenses and fees are paid by the Customer:
10.5.1. All costs incurred in providing additional information to the Customer such as courier and postal expenses in case the Customer requests the Bank to send hardcopy Trade Confirmations, Investment Account Statements, etc. which the Bank could have delivered in electronic form;
10.5.2. Any expenses of the United StatesBank, caused by which the Client “certifies” his country of residence and confirms that is not a resident failure of the United States. The Company shall be required Customer to deduct US withholding tax on income fulfill his/her obligations fully and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more informationproperly, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid including a fee or commissiondetermined by the Bank in relation to forwarding of reminders, provide or legal assistance, etc.;
10.5.3. Any expenses of the Bank related to request by state authorities of information on services provided with any non-monetary benefit (hereinafter the “inducement”) under this Brokerage Agreement;
10.5.4. Administration fees in connection with the provision of an investment service or ancillary service to or by security deposits, and any party other than the Client or a person on behalf expenses of the ClientBank in relation to a pledge, where if provided, including any insurance premium payments;
10.5.5. Any expenses incurred by the Bank in communicating with the auditor or/and sending relevant payment statements/documentation.
10.6. Any fees and expenses under Sub-paragraph 10.6 of this Brokerage Agreement will be charged either as a fixed amount corresponding to payments effected, or benefitas a percentage or hourly rate corresponding to the service performed. The methods of calculation can be combined.
10.7. The Bank is entitled to, without further consent and acceptance of the Customer, without prior notice, unilaterally introduce new fees, commissions and charges if a new product/functionality is added to the Investment Module.
10.8. The Bank may share Commissions and Charges with its associates, including the Independent Broker or other Third-Party service providers.
10.9. Unless specified otherwise in this Agreement, all amounts due to the Bank (or its agents, associates, the Independent Broker or other Third-Party service providers whose services are used by the Bank) under the Agreement shall, at the Bank’s option:
(a) is designed to enhance 10.9.1. Be deducted from any funds held in the quality Investment Account of the relevant service to the ClientCustomer;
(b) does not impair compliance with 10.9.2. Be paid from the CompanyCustomer’s duty to act honestly, fairly and professionally Bank Account; or
10.9.3. Be paid by the Customer in accordance with the best interests of Bank’s instructions.
10.10. By using the Client;
8.10 In such a caseservices under this Agreement, the Company shall disclose Customer authorizes the Bank to deduct relevant Commissions and Charges from the Investment Account or/and the Bank Account to pay for applicable brokerage Commissions and Charges, and other fees. The Customer also authorizes the Independent Broker to deduct relevant Commissions and Charges from the Investment Account and to pay to the ClientBank on the Customer’s behalf any such Commissions and Charges that are due from the Customer to the Bank.
10.11. If the Customer makes any payment which is subject to any price fluctuations, withholding or deduction, the existence, nature and Customer shall compensate the Bank for the amount of the inducement ordebited, where withheld amount additionally, in order to ensure full and proper performance of the amount canCustomer's obligation to the Bank.
10.12. Pursuant to Chapter 10 of this Brokerage Agreement, the Customer may be charged with reimbursement of additional expenses to the Bank, for which the Bank shall not be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary serviceliable.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Brokerage Service Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 9.1. The Client shall be obliged to pay the Company FXTM the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current FXTM will provide to the Client an itemized breakdown of the total commissions, costs and charges and other costs on its Websiteat the request of the Client. These can be found inside the Client’s personal area, MyFXTM.
8.2 The Company 9.2. FXTM may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s FXTM Website and posting on the Website shall be considered due notice.
8.3 9.3. Any commissions or fees which the Company FXTM receives or pays will be effected affected according to the provisions of Applicable Regulations.
8.4 9.4. FXTM may from time to time deal on the Client’s behalf with persons whom FXTM has a soft commission agreement which permits FXTM (or another member of FXTM’s group) to receive goods or services in return for transacting investment business with such persons or others. It is the policy of FXTM in relation to such agreements to ensure that such arrangements operate in the best interest of the Client as far as practicable, for example, because the arrangements allow access to information or other benefits which would not otherwise be available.
9.5. The Client is hereby informed that in the event where the Client has been introduced to the Company FXTM by a Partner (Introducer and/or Affiliate) of the Company FXTM Partners (Pinnacle Services Ltd) and/or of the Company FXTM and/or any third party, the Company FXTM may pay a fee and/or commission to the Company FXTM Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two partiesthe
9.6. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying currying out of the Transactions.
8.7 9.7. The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 9.8. In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter chapter 3 and Chapter chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company FXTM shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company FXTM may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company FXTM reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company 9.9. FXTM shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the CompanyFXTM’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 9.10. In such a case, the Company FXTM shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company FXTM shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 9.11. In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company FXTM reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall will be notified via email about processed withdrawal request and applied charges.
8.12 9.12. In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company FXTM on a monthly basis shall will charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company 9.13. FXTM shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 9.14. From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 9.15. In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company FXTM will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company FXTM is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 7.1 The Client shall be obliged to pay the Company FT GLOBAL the commissions, charges and other costs set out in the Contracts Specifications. The Company shall FT GLOBAL will display all current commissions, charges and other costs on its Website.
8.2 The Company 7.2 FT GLOBAL may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s FT GLOBAL Website and posting on the Website shall be considered due notice.
8.3 Any commissions 7.3 FT GLOBAL may from time to time deal on the Client’s behalf with persons whom FT GLOBAL has a soft commission agreement which permits FT GLOBAL (or fees which another member of FT GLOBAL group) to receive goods or services in return for transacting investment business with such persons or others. It is the Company receives or pays will be effected according policy of FT GLOBAL in relation to the provisions of Applicable Regulations.
8.4 The Client is hereby informed such agreements to ensure that such arrangements operate in the event where best interest of the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.as
8.5 7.4 The Client accepts to be notified if the Company FT GLOBAL pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 7.5 The Client agrees in the event that his/her remaining Trading Account Balance is up to 1 cent (EUR) and his/her Trading Account is closed or inactive for more than 90 calendar days, then the Company shall have the right to deduct this remaining Trading Account Balance of up to 1 cent (EUR) and use it for charity purposes at its absolute discretion.
7.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 7.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 7.8 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company FXTM reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall will be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client provision of Services is subject to the payment of costs, fees, commissions, daily funding for CFDs, charges to the Company (the “Costs”), which are set out in the Contract Specifications or on the Company Website. In addition to Costs, other commissions and charges may be due by the Private Investor directly to third parties. The Private Investor shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specificationsall such costs. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company Certain types of Costs may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by appear as a Partner (Introducer and/or Affiliate) percentage of the Company Partners (Pinnacle Services Ltd) and/or value of the Company and/or any third partyCFD, therefore the Private Investor has the responsibility to understand how Costs are calculated. When providing a Service to a Private Investor, the Company may pay a fee and/or commission or receive fees, commissions or other non- monetary benefits from third parties or Introducers to the Company Partners and/or extent permissible under Applicable Regulations. To the Partner directly, for services rendered calculated on the basis of the volume traded extent required by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the ClientApplicable Regulation, the Company shall disclose further details.
8.5 The Client accepts will provide information on such benefits to be notified if the Private Investor on request. Details of any taxes which the Company pays commissions/fees is required to any third party who introduced him or who acts pay on the ClientPrivate Investor’s behalf.
8.6 behalf will be stated on Confirmations issued to the Private Investor. The Client undertakes Private Investor may also be liable for other taxes which are not collected by the Company and the Private Investor should seek independent expert advice if he is in any doubt as to pay all stamp expenses relating whether he may incur any further tax liabilities. Tax laws are subject to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 change from time to time. The Client Private Investor shall be solely responsible for all filingsfilings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards . The Private Investor undertakes to Stock Trading pay all stamp duties and other expenses relating to this Agreement and any documentation which may be required for the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 carrying out of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US StocksTransactions under this Agreement. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client vary its Costs from time to timetime in its sole discretion. For more informationThe Company will provide to the Private Investor, where reasonable, with a Written Notice informing of any changes, before they come into effect. The Private Investor acknowledges that all information as well as subsequent updates relating to Contract Specifications shall be found online at xxx.0xxxxxx.xxx. Further, the Client should consult the Terms Private Investor acknowledges that it is their sole responsibility to remain informed of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection subsequent updates and/or amendments on this matter. Swaps are calculated with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf basis of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance interbank market price. All CFDs conducted with the Company’s duty Company relate to act honestly, fairly and professionally open-ended margined products that require funding on a daily basis. Any amount which is not paid in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary above paragraphs or non-monetary benefit received elsewhere in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending this Agreement on the Client’s Trading Account currencydue date therefore shall bear interest at the Applicable Rate plus 4% per annum, for each day for which such amount remains unpaid.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall 7.1. You will be obliged to pay the Company us the commissions, charges and other costs (including Spreads) as set out in on our Website or as notified to you from time to time under the Contracts Specifications. The Company shall display all current commissions, charges Operative Agreements and other costs on its WebsitePublishing Channels.
8.2 The Company 7.2. We may vary commissions, charges and other costs from time to time without prior Written Notice to the Clientyou. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due noticeand if relevant Publishing Channels will apply immediately after they are published.
8.3 Any commissions or fees which 7.3. It is your responsibility to stay informed about the Company receives or pays latest commissions, charges, and additional costs that will be effected according applied to you as a result of the provisions of Transaction.
7.4. We may, from time to time, where not prohibited by Applicable Regulations, deal on your behalf with persons with whom we have a soft commission arrangement with. This soft commission arrangement permits us (or another member of our group) to receive goods or services in return for transacting investment business with such persons.
8.4 The Client 7.5. It is hereby informed our policy in relation to these agreements to ensure that such arrangements operate in your best interest. For example, because the event where the Client has been introduced arrangements allow access to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or information or other benefits which would not otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further detailsbe available.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes 7.6. You undertake to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States7.7. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company We may also charge the Client you for the provision of market data or any other account feature or fees for custody Trading Account features and settlement services (as applicable). Additional charges may be disclosed in the Operative Agreements.
7.8. Your funds are held in our accounts, including segregated accounts opened in our name on your behalf for holding your funds. This is separate from our own funds.
7.9. Unless you are notified in advance, you acknowledge and agree that we will not pay interest to you on funds that are located in your accounts.
7.10. We will be entitled, at our sole discretion, to refuse to provide the subscription for a particular Trading Account or such other fees as all of your Trading Accounts. We can also cancel a previously provided subscription without giving prior notice or explanation of reasons.
7.11. We will, under no circumstances, be held liable for not canceling the Company reasonably advise subscription due to your inability to access the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Trading Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 8.9 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.,
8.11 8.10 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 8.11 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 3 (Sixthree) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP $10 or NGN the equivalent to USD in other currencies per account, depending on the Client’s Trading Account currency.
8.13 8.12 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 8.13 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 8.14 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;; BBI Trading Markets Limited(xxx.xxxxxxxxxxxx.xxx) is licensed by the FinancialServices Commission, 000 XXXXX XXXXXX SUITE 300 TORONTO,ON,CANADA M5V2H1
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 7.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Trading Conditions Section Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website. The commission is 0.002% in forex, commodities, indices and metals, 0.035% in crypto, and 0.035% in stocks.
8.2 7.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which 7.3 The Company may from time to time deal on the Client’s behalf with persons with whom the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to a soft commission agreement which permits the Company by a Partner (Introducer and/or Affiliate) or another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third party, in relation to such agreements to ensure that such arrangements operate in the Company may pay a fee and/or commission to best interest of the Company Partners and/or the Partner directlyClient as far as practicable, for services rendered calculated on example, because the basis of the volume traded by the Client and/or arrangements allow access to information or other benefits which would not otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further detailsbe available.
8.5 7.4 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 7.5 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 7.6 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards 7.7 Client’s funds are held on the Company’s accounts including segregated accounts opened in the Company’s name for holding Client funds separate from the Company’s funds.
7.8 The Client acknowledges and agrees that the Company will not pay interest to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the on funds located in Client “certifies” his country of residence and confirms that is not a resident of the United States. accounts.
7.9 The Company shall be required entitled, at its sole discretion, to deduct US withholding tax on income and gross proceeds from refuse to provide the Subscription for a particular Trading Account or all of the Client's Trading Accounts, as well as cancel a previously provided Subscription without prior notice or explanation of reasons.
7.10 The Company shall under no circumstances be held liable for not canceling the Subscription due to the Client’s investments in US Stocks. The Company may also charge inability to access the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Trading Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS.
8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Company may from time to time deal on the Client’s behalf with persons with whom the Company has a soft commission agreement which permits the Company (or another member of the Company group) to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company in relation to such agreements to ensure that such arrangements operate in the best interest of the Client as far as practicable, for example, because the arrangements allow access to information or other benefits which would not otherwise be available.
8.5 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 8.6 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 8.7 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 8.8 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 8.9 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 8.10 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 8.11 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 8.12 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 8.13 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 8.14 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 8.15 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 8.16 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Company‟s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s Client‟s behalf.
8.6 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s Client‟s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s Company‟s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Client‟s Trading Account currency.
8.13 The Company shall inform its it‟s Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, ; please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 13.1. The provision of Services is subject to the payment of costs, fees, commissions, daily funding for CFDs, charges to the Company (the “Costs”), which are set out in the Trading Conditions or on the Company’s website. In addition to Costs, other commissions and charges may be due by the Client directly to third parties. The Client shall be obliged to pay all such costs.
13.2. Certain types of Costs may appear as a percentage of the Company value of the commissionsCFD, charges and other costs set out therefore the Client has the responsibility to understand how Costs are calculated. In case Trading Conditions in the Contracts SpecificationsClient’s Trading Account mismatch the Trading Conditions on the website, the website’s Trading Conditions will prevail. The Company shall display all current commissionsmay in its sole discretion, charges and other costs on its Websitewhile making reasonable efforts for post notification, alter affected transactions.
8.2 The Company may vary commissions, charges and other costs from time 13.3. When providing a Service to time without prior Written Notice to the a Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to the Company by a Partner (Introducer and/or Affiliate) of the Company Partners (Pinnacle Services Ltd) and/or of the Company and/or any third party, the Company may pay a fee and/or commission or receive fees, commissions or other non-monetary benefits from third parties or Introducers to the Company Partners and/or extent permissible under Applicable Regulations. To the Partner directly, for services rendered calculated on the basis of the volume traded extent required by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the ClientApplicable Regulation, the Company shall disclose further detailswill provide information on such benefits to the Client on request.
8.5 The Client accepts to be notified if 13.4. Details of any taxes, which the Company pays commissions/fees is required to any third party who introduced him or who acts pay on the Client’s behalf, will be stated on Confirmations issued to the Client. The Client may also be liable for other taxes, which are not collected by the Company, and the Client should seek independent expert advice if he is in any doubt as to whether he may incur any further tax liabilities. Tax laws are subject to change from time to time.
8.6 13.5. The Client undertakes Company does not provide any tax advice. It is the Client’s sole responsibility to pay remain informed at all stamp expenses relating times as to this Agreement and any documentation which may be required for the carrying his tax liabilities arising out of his trading activity. Furthermore, the Transactions.
8.7 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards 13.6. The Client undertakes to Stock Trading pay all stamp duties and other expenses relating to this Agreement and any documentation, which may be required for the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 currying out of the Internal Revenue Code of transactions under this Agreement. Notwithstanding the United Statesforegoing, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds without derogating from the Client’s investments sole and entire responsibility to perform any tax payments if necessary, stamp expenses or pay any other levy, the Client shall pay the Company, immediately when so requested by the latter, and the Company is entitled to debit the Account with any value added tax or other tax, contribution, levy, stamp duty, expense or charge which may be payable as a result of any Transaction or any act or action of the Company under this Agreement (except for taxes payable by the Company in US Stocksrelation to the Company’s income profits).
13.7. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client vary its Costs from time to time. For more information, The Company will send a Written Notice to the Client should consult informing of any changes, before they come into effect. The variation will take effect from the Terms of Business for Stocks Account.
8.9 The date, which the Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) specifies in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service its notification to the Client;. The Company will endeavour to provide the Client with at least five Business Days’ notice of such alteration save where such alteration is based on a change in interest rates or tax treatment or it is otherwise impractical for the Company to do so.
(b) does not impair compliance 13.8. Swaps are calculated based on charges the Company has from its Liquidity Providers. All CFDs conducted with the Company’s duty Company relate to act honestlyopen-ended margined products that require funding on a daily basis.
13.9. Any amount, fairly and professionally which is not paid in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary above paragraphs or non-monetary benefit received elsewhere in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending this Agreement on the Client’s Trading Account currencydue date therefore, shall bear interest at the Applicable Rate plus 4% per annum, for each day for which such amount remains unpaid.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 6.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Contracts Specifications. The Company shall display all current commissions, charges and other costs on its WebsiteWebsite and/or the Trading Platforms.
8.2 6.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to deal on the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which behalf with persons with whom the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to a soft commission agreement which permits the Company by a Partner (Introducer and/or Affiliate) or another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third partyin relation to such agreements to ensure that such arrangements operate in the best interest of the Client as far as practicable, for example, because the arrangements allow access to information or other benefits which would not otherwise be available.
6.3 The Client hereby authorises the Company may to pay a fee and/or commission to the Company Partners and/or the Partner directly, for services rendered calculated on the basis of the volume traded by the Client and/or otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further details.
8.5 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalfbehalf provided that the Company notifies the Client of any payment made pursuant to the present clause.
8.6 6.4 The Client agrees in the event that their remaining Trading Account Balance is up to 1 cent (EUR/GBP) and their Trading Account is closed or inactive for more than 90 calendar days, then the Company shall have the right to deduct this remaining Trading Account Balance of up to 1 cent (EUR/GBP) and use it for charity purposes at its absolute discretion.
6.5 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 6.6 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the Client “certifies” his country of residence and confirms that is not a resident of the United States. The Company shall be required to deduct US withholding tax on income and gross proceeds from the Client’s investments in US Stocks. The Company may also charge the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 6.7 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
(a) charge the Client the equivalent amount of any deposit fees incurred, or or
(b) 3% of the total withdrawal amount. The Client shall be notified via email or through the messaging function in the respective Trading Platform about processed withdrawal request and applied charges.
8.12 6.8 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Sixsix) consecutive calendar months or more starting from the date of the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USDGBP or Rupee equivalent to EUR/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
COMMISSIONS, CHARGES AND OTHER COSTS. 8.1 7.1 The Client shall be obliged to pay the Company the commissions, charges and other costs set out in the Trading Conditions Section Contracts Specifications. The Company shall display all current commissions, charges and other costs on its Website.
8.2 7.2 The Company may vary commissions, charges and other costs from time to time without prior Written Notice to the Client. All changes in commissions, charges and other costs are displayed on the Company’s Website and posting on the Website shall be considered due notice.
8.3 Any commissions or fees which 7.3 The Company may from time to time deal on the Client’s behalf with persons with whom the Company receives or pays will be effected according to the provisions of Applicable Regulations.
8.4 The Client is hereby informed that in the event where the Client has been introduced to a soft commission agreement which permits the Company by a Partner (Introducer and/or Affiliate) or another member of the Company Partners (Pinnacle Services Ltdgroup) and/or to receive goods or services in return for transacting investment business with such persons or others. It is the policy of the Company and/or any third party, in relation to such agreements to ensure that such arrangements operate in the Company may pay a fee and/or commission to best interest of the Company Partners and/or the Partner directlyClient as far as practicable, for services rendered calculated on example, because the basis of the volume traded by the Client and/or arrangementsallow accessto information or other benefitswhich would not otherwise and/or on the basis of the agreement concluded between the two parties. Upon request from the Client, the Company shall disclose further detailsbe available.
8.5 7.4 The Client accepts to be notified if the Company pays commissions/fees to any third party who introduced him or who acts on the Client’s behalf.
8.6 7.5 The Client undertakes to pay all stamp expenses relating to this Agreement and any documentation which may be required for the carrying out of the Transactions.
8.7 7.6 The Client shall be solely responsible for all filings, tax returns and reports on any Transactions which should be made to any relevant authority, whether governmental or otherwise, and for payment of all taxes (including but not limited to any transfer or value added taxes), arising out of or in connection with any Transaction.
8.8 In regards 7.7 Client’s funds are held on the Company’s accounts including segregated accounts opened in the Company’s name for holding Client funds separate from the Company’s funds.
7.8 The Client acknowledges and agrees that the Company will not pay interest to Stock Trading the Client will be requested to sign a W8-BEN form, for establishing status for Chapter 3 and Chapter 4 of the Internal Revenue Code of the United States, by which the on funds located in Client “certifies” his country of residence and confirms that is not a resident of the United States. accounts.
7.9 The Company shall be required entitled, at its sole discretion, to deduct US withholding tax on income and gross proceeds from refuse to provide the Subscription for a particular Trading Account or all of the Client's Trading Accounts, as well as cancel a previously provided Subscription without prior notice or explanation of reasons.
7.10 The Company shall under no circumstances be held liable for not canceling the Subscription due to the Client’s investments in US Stocks. The Company may also charge inability to access the Client for the provision of market data or any other account feature or fees for custody and settlement or such other fees as the Company reasonably advise the Client from time to time. For more information, the Client should consult the Terms of Business for Stocks Trading Account.
8.9 The Company shall have the right to pay, or be paid a fee or commission, provide or provided with any non-monetary benefit (hereinafter the “inducement”) in connection with the provision of an investment service or ancillary service to or by any party other than the Client or a person on behalf of the Client, where the relevant payment or benefit:
(a) is designed to enhance the quality of the relevant service to the Client;
(b) does not impair compliance with the Company’s duty to act honestly, fairly and professionally in accordance with the best interests of the Client;
8.10 In such a case, the Company shall disclose to the Client, the existence, nature and amount of the inducement or, where the amount cannot be ascertained, its method of calculation. Where applicable, the Company shall also inform the Client on mechanisms for transferring to the Client the fee, commission, monetary or non-monetary benefit received in relation to the provision of the investment or ancillary service.
8.11 In case the Client performs a withdrawal request without any trading activity from the last deposit made or if any other form of abuse is found the Company reserves the right to:
a) charge the Client the equivalent amount of any deposit fees incurred, or b) 3% of the total withdrawal amount. The Client shall be notified via email about processed withdrawal request and applied charges.
8.12 In case the Client does not have any trading activity on all Clients Trading Accounts for a period equal to 6 (Six) consecutive calendar months or more starting from the last Clients trading activity, the Company on a monthly basis shall charge the Client an amount of 5 EUR/USD/GBP or NGN equivalent to USD per account, depending on the Client’s Trading Account currency.
8.13 The Company shall inform its Clients about the fees, commissions or any monetary benefits transferred to them.
8.14 From Friday to Monday Swaps are calculated once. From Wednesday to Thursday Swaps are calculated in triple size. Exceptions apply, please refer to Contract Specifications for more information.
8.15 In case of a corporate action on the underlying security of a CFD, and any cash indices, the Company will transfer to its Clients the economic effect (either positive or negative) of such action as if they were holding the underlying security as shareholders. This transfer will be done in the form of cash adjustment, position adjustment, delivery of a new security or CFD, or combination of these according to the particular corporate action. If the corporate action is complex and the Company is unable to accurately determine the adjustment, the affected position may be closed before the ex-date.
Appears in 1 contract
Samples: Client Agreement
