This document outlines all relevant fees for Digital Smart LLC (the "Company").
Make sure that you familiarize yourself with all costs and associated charges for each financial instrument offered by the Company since these may affect the overall cost of a financial instrument as well as the cumulative effect on return of your investment. Also, make sure that you read the Further Information section at the end of this document which sets out further information on the applicable fees.
Any examples in the tables are for illustration purposes only.
Nature | Type | Description |
---|---|---|
One-off costs | Spread | The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset/ EUR/USD is trading at 1.2029, our ask (buy) price might be 1.2030 and the bid (sell) price might be 1.2028. The spread in this example is (ask-sell price) = 2 pips |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of 0.01% - 0.5% and in extreme circumstances up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee from Friday to Saturday will be 3 (‘’three’’) times higher than the normal swap fee. The swap fee can be subject to changes in the future. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
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 15188 our ask (buy) price might be 15700 and the bid (sell) price might be 14676. The spread in this example is (ask-sell price) = 1024 |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of 0.01% - 0.5% and in extreme circumstances might be up to 1.7% of the face value of the position for keeping a position open overnight. This swap fee can be subject to changes in the future. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
One-off costs | Spread | The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. For example, if the underlying asset Apple/USD is trading at 168.8150, our ask (buy) price might be 168.9566 and the bid (sell) price might be 168.6734. The spread in this example is (ask-sell price) = 2.8 pips |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of 0.01% - 0.5% and in extreme circumstances might be up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee can be subject to changes in the future. The swap fee for overnight keeping of positions on Friday is 3 times the normal swap fee to include the weekend. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
One-off costs | Spread | The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of 0.01% - 0.5% and in extreme circumstances might be up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee can be subject to changes in the future. The swap fee for overnight keeping of positions on Friday is 3 times the normal swap fee to include the weekend. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
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. 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 XAU/USD is trading at 1245.06006 our ask (buy) price might be 1245.633578 and the bid (sell) price might be 1244.486542 The spread in this example is (ask-sell price) = 1.147036 |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of up to 0.01% - 0.5% and in extreme circumstances might be up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee can be subject to changes in the future. The swap fee for overnight keeping of positions on Friday is 3 times the normal swap fee to include the weekend. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
CFDs on Indices | Type | Description |
---|---|---|
One-off costs | Spread | The difference between the bid (sell) price and the ask (buy) price. The difference is presented in pips and reflects the cost of opening a position. Spread is dependent on many different factors, including but not limited to, the underlying liquidity and volatility, time of day and notional trade size. |
Ongoing costs | Swap fee | The Company reserves the right to charge the Client a swap fee of 0.01% - 0.5% and in extreme circumstances might be up to 1.7% of the face value of the position for keeping a position open overnight. The swap fee can be subject to changes in the future. The swap fee for overnight keeping of positions on Friday is 3 times the normal swap fee to include the weekend. |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
One-off costs | — | — |
Ongoing costs | — | — |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Nature | Type | Description |
---|---|---|
One-off costs | — | — |
Ongoing costs | — | — |
Other costs | Dormant account fees | In the absence of any account activity for a period of at least ninety (90) consecutive days an amount of €10 (Euro ten or the equivalent amount in another currency on the day of deduction of the fee) every month in order to maintain the account, on the condition that the Client account has the available funds. |
Deposit and Withdrawal Fees
The Company reserves the right to apply a conversion fee of 1% for each transaction (i.e deposits and withdrawals) when converting from or to your trading account currency and the processing currency of the payment.
Withdrawal Fees
Upon the discretion of the Company, withdrawal fees shall be applicable in either of the following ways:
Currency | Minimum fee | Maximum fee |
---|---|---|
RUB Russia Ruble | 50 | 1,500 |
GBP Pound sterling | 1 | 25 |
THB Thai baht | 30 | 1,000 |
EUR Euro | 1 | 30 |
BRL Brazilian Real | 5 | 125 |
USD United States Dollar | 1 | 30 |
PHP Philippine peso | 50 | 1,500 |
ZAR South African rand | 15 | 450 |
TRY Turkish lira | 5 | 150 |
IDR Indonesian Rupiah | 15,000 | 450,000 |
MYR Malaysian Ringgit | 5 | 125 |
VND Vietnamese Dong | 25,000 | 750,000 |
CNY Chinese Yuan | 7 | 200 |
INR Indian rupee | 74 | 2207 |
COP Colombian peso | 3600 | 106600 |
AED UAE Dirham | 3.67 | 110 |
SAR Saudi Riyal | 3.75 | 112.52 |
EGP Egyptian Pound | 30 | 900 |
CRC Costa Rican Colon | 550 | 16500 |
DOP Dominican Peso | 60 | 1700 |
HKD Hong Kong Dollar | 8 | 240 |
KRW Won | 1300 | 39000 |
MAD Moroccan Dirham | 11 | 310 |
NGN Naira | 460 | 14000 |
QAR Qatari Rial | 4 | 110 |
TWD New Taiwan Dollar | 30 | 910 |
MXN Mexican Peso | 21 | 620 |
SGD Singapore Dollar | 1.50 | 43 |
PEN Sol | 4 | 114 |
CLP Chilean Peso | 1000 | 30000 |
Dormant account fees
An account that has no trading and/or financial activity performed (i.e. deposit, and/or new trading operation and/or trading operation that has remained open) for a period of 90 days shall be considered to be dormant and/or inactive. Furthermore, logging in and out of the trading account is not considered to be account activity
The administration fee shall be deducted from the Client’s account on the 90th calendar day of inactivity when the account is considered dormant. Further to this, each month the Company will consider the activity over the past 90 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 a Dormant Account.
If the Client account does not have the necessary funds for the administration fee, 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.
Underage account closure fee
The Company shall be entitled to charge the client administrative fee of 20 USD (“twenty dollars”) for the closure of their account, where it has been identified that the client has not reached the age of maturity in the country, which the client is a citizen of or resides in.
The aforementioned fee shall be deducted from the client’s account on the 8th day following the termination of the Agreement and client’s failure to withdraw the remaining balance within the timeframe granted to him/her.
In case the remaining balance is less than 20 USD (“twenty dollars”), the Company shall reserve the right to charge up to 20 USD (“twenty dollars”) from the client’s account.
DIGITAL SMART LLC
Address: First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines
Mailing Address: P.O. Box 1574, VC0100, St. Vincent and the Grenadines
Company business number: 898 LLC 2021
Payment transactions are managed by: DIGITAL SMART CY LIMITED
Address: 6 Koutsoventi street, Agios Athanasios, 4101, Limassol, Cyprus
Company business number: HE 410889
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