This document outlines all relevant fees for TRADE INDEX (the "Company").
Make sure that you familiarize yourself with all costs and associated charges for each digital instrument offered by the Company since these may affect the overall cost of a digital instrument as well as the cumulative effect on return of your investment. Also, make sure that you read the Further Information section at the end of this document which sets out further information on the applicable fees.
Any examples in the tables are for illustration purposes only.
|One-off costs||Spread||The difference between the sell price and the buy price. The difference is presented in Index and reflects the cost of opening a position. Spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset/ TDX/USD is trading at 158.46, our buy price might be 160.57 and the sell price might be 148.50 The spread in this example is (Buy-sell price) = 12.07|
|Other costs||Dormant account fees||In the absence of any account activity for a period of at least three hundred and sixty five (365) days consecutive days an amount of $50 (Dollars Fifty or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account|
|Bitcoin/Ethereum||Withdrawal fees||Withdrawals are subject to a x% fees Network fees vary, as they are for transaction confirmations. Withdrawals for amounts under $x or the equivalent in another currency cannot be processed.|
|One-off costs||Spread||The difference between the bid (sell) price and the ask (buy) price. The difference reflects the cost of opening a position. The spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset BTC/USD is trading at 4200 our ask (buy) price might be 4410 and the bid (sell) price might be 4210. The spread in this example is (ask-bid price) = 200|
|Commission||A fee of 0% of the transaction for opening cryptocurrency long positions. For example, if a Client wants to invest an amount of $1 to buy the equivalent amount of Bitcoin, he will be charged an additional amount of 0% on the investment amount i.e. $0.00 for opening his position.|
There are no deposit fees charged to the Client for the Digital instruments that the Company offers.
There are no commission charged for cryptocurrency Asset positions.
For Dormant account fees, the administration fee shall be deducted from the Client’s account
on the 365th calendar day of inactivity when the account is considered dormant. Further to
this, each month the Company will consider the activity over the past 365 days in determining
if the administrative fee will be charged again.
The Company strives to ensure and keep correspondence with each respective Client and will inform the Client by email that their account will be treated as Dormant Account.
If the Client account does not have the necessary funds for the administration fee and has remained inactive for a period of 12 months, the Company reserves the right to charge a lower amount to cover administrative expenses and close the account completely.
All the amounts of the fees and other expenses are stated without any taxes and charges that may be imposed on the mentioned fees either from the side of the Client or the Company.
The Company reserves the right to charge the client for closure of their account, in circumstances where the closure of the account is made because the client has not provided accurate & appropriate documentation to verify his/her account.
If the client does not provide the Company with documents to verify his/her account, in line with the Law, within 15 days from the date of his/her first deposit (“start of business relationship”), the Company will return all remaining funds, excluding profits. In instances where the remaining balance in the client's account is less than $5, the Company will charge up to $2(five Dollars or the relevant amount on another currency on the day of deduction of the fee) for the closure of the account.
In instances where the client’s remaining balance is above $5, $5 charge will be made for return of these funds.
*For full conditions please refer to the Company’s Terms & Conditions.
The below list outlines the full list of Trade Index PSPs and includes their country of establishment.
|Payment Service Provider||Country of Establishment|
|Coinbase commerce||United States|
© 2018 Trade Index, Inc.