Fee schedule, commission & charges disclosure
Fee Schedule, Commission & Charges Disclosure (the 'Disclosure') sets out the fees and charges applicable to the products and services offered by Definitecom Financial Brokerage Services L.L.C (the 'Company'). It should be read together with the Client Agreement, the Order Execution Policy, the Payments Policy, and other applicable legal documents made available on the Company’s Website, Account or Trading Platform.
In the event of any inconsistency, the Client Agreement shall prevail.
Unless otherwise stated, all fees are charged in the currency applicable to the Client's account or the relevant transaction. Fees may vary depending on the payment method, jurisdiction, account type, or applicable regulations.
All fees stated in this Disclosure are exclusive of any applicable third-party charges unless otherwise specified. Clients are encouraged to contact Customer Support if they require clarification regarding any fees before initiating a transaction.
1. Introduction
The following fees apply to the opening, maintenance, and general administration of Client accounts with the Company:
2. Account fees
The following fees and charges apply in connection with trading activity on Client accounts:
The Company reserves the right to introduce commission-based pricing for specific account types or instruments in the future. Clients will be notified prior to any such changes taking effect.
3. Trading fees
The Company covers all deposit processing fees on behalf of its Clients. Clients will not be charged any fees by the Company for depositing funds into their trading account.
The Company covers all deposit fees charged by its service provider. However, the Client's bank, card issuer, or payment service provider may independently apply their own processing charges, which are outside the Company's control and cannot be absorbed or reimbursed by the Company. Clients are advised to check with their payment provider before initiating a deposit.
4. Deposit fees
The Company covers all withdrawal processing fees on behalf of its Clients. Clients will not be charged any fees by the Company for withdrawing funds from their trading account.
This applies to the following withdrawal methods, where available:
The Company covers all withdrawal fees charged by its service provider. However, third-party banks, payment service providers, or intermediary institutions may independently apply their own processing or correspondent charges, which are outside the Company's control and cannot be absorbed or reimbursed by the Company. Clients are advised to check with their bank or payment provider before initiating a withdrawal.
The Company reserves the right to amend this approach in the future, including introducing withdrawal fees, where required by its business and operational considerations. At this stage, however, the Company is committed to offering withdrawals free of charge to Clients.
Return-to-Source Policy: In accordance with the Company's Payments Policy and Applicable Regulations, withdrawals will generally be processed back to the original funding source used for the initial deposit. The Company may request supporting documentation to verify the withdrawal destination where required.
5. Withdrawal fees
Where a deposit, withdrawal, or trading activity involves a currency conversion, the applicable exchange rate will be determined at the time of the transaction. Exchange rates applied by banks, card issuers, or payment service providers are determined by those third parties and are outside the Company's control. Clients should check with their payment provider before initiating cross-currency transactions.
6. Currency conversion
The Company does not currently charge any inactivity fee. The Company reserves the right to introduce an inactivity fee in the future. Any such fee will be communicated to Clients in advance of taking effect and will be published on the Company's Website.
Inactivity fee: not currently applicable.
7. Inactivity fees
All accounts are swap-free, and clients must comply with the Swap-free accounts and fair usage (see 34.2 of Client Agreement).
The following conditions apply to swap-free accounts:
8. Swap-free accounts
Certain services may involve charges imposed by third parties. These charges are determined by the relevant third party and are not under the Company’s control. Third-party charges may include, but are not limited to:
9. Third-party charges
The following fees apply to administrative services provided by the Company.
10. Administrative fees
Clients remain solely responsible for any taxes, duties, levies, or governmental charges applicable in their country of residence or applicable tax jurisdiction. The Company does not provide tax advice. Clients should seek independent professional tax advice where necessary.
Value Added Tax (VAT) will be applied where required by law. Other governmental levies remain the sole responsibility of the Client.
11. Taxes & governmental charges
The Company reserves the right to amend this Disclosure at any time and at its sole discretion. Any amendments will become effective upon publication on the Company's Website or through direct notification to Clients, where applicable.
Clients are encouraged to review this Disclosure periodically to remain informed of the current fees and charges applicable to their account.
The Company will provide reasonable prior notice of any material changes to fees that may adversely affect Clients.
12. Amendments to this Disclosure
All fees stated in this Disclosure are exclusive of any applicable third-party charges unless otherwise specified.
Fees may vary depending on the payment method, jurisdiction, account type, or applicable regulations.
This Disclosure should be read in conjunction with the Client Agreement, the Order Execution Policy, and the Payments Policy.
Clients are encouraged to contact Customer Support before initiating any transaction if they require clarification regarding applicable fees.
Important notes