AgeFX GENERAL FEES
Please find below information regarding relevant fees for AgeFX clients.
1. Withdrawal Fees
Method
Applicable Fees
Debit/Credit Cards
3.5%
30 USD
Wire Transfer
30 EUR
30 GBP
Notwithstanding the aforesaid table, in the following circumstances the Company reserves the right to charge
a withdrawal fee at an amount equal to 80 EUR (or the equivalent amount according to the denominated
currency of the Client’s Trading Account):
if there is insignificant (one single position placed on the Trading Account only) or no trading activity
in the Client’s Trading ccount prior to the submission of the withdrawal request.
if the Client fails to provide to the Company accurate and/or necessary and/or adequate
information/documentation for the verification of his/her/its identity and/or address as may be
requested from time to time by the date of submitting a withdrawal request.
if the Company decides to process a refund to the Client due to his/her/its failure to provide to the
Company accurate and/or necessary and/or adequate information/documentation for the verification
of his/her/its identity and/or address as may be requested from time to time and/or for any other
reason the Company deems necessary.
2. Inactivity/Dormancy Fees
Fees may be payable by you by virtue of the fact that the Trading Platform is continually provided to you for
trading, regardless of your actual use. If there are no transactions (deposits, withdrawals or trading activity)
on your Trading Account for a period of at least one (1) month or more, your Trading Account is deemed as
“Inactive” and the Company reserves the right to charge a monthly inactivity fee on your Trading Account, in
return for the provision of the continued availability of your Trading Account. You agree that you are liable
to and will pay the applicable fee as notified to you from time to time and that we may deduct such fee from
any funds held by us on your behalf. You will be charged a monthly inactivity fee of the amount of 80 EUR
(Eighty Euros) until your Trading Account becomes active again.
Further to the above and in case of an unforeseen event (i.e. acts of God, fire, flood, accident, terrorism,
strike, epidemic or disease, industrial disputes) that prevents the Client from logging into his/her Trading
Account, the Client must notify the Company accordingly with supporting evidence as to the existence and
validity of such unforeseen event. Upon such notification, the Company shall examine all documentation
AgeFX is licensed and regulated by CySEC, CIF Licence Number 317/17 1
provided by the Client and the validity of such unforeseen event and reimburse the Client with the inactivity
fees charged.
3. Spread Information
Spread is the difference between the bid (sell) and ask (buy) price. The difference is presented in pips and
reflect the cost of opening a position and vary depending on the instrument. You will be able to find the value
of a pip across all of our instruments, by accessing the Trading Platform through your account with the
Company.
4. Swap Information
Swap is the interest added or deducted from the value of your position and is only charged when a position is
held open overnight. The operation is conducted at 00:00 (GMT +3) and the resulting amount is automatically
converted into your Balance Currency.
The swap rate is calculated once for each day of the week that a position is rolled over with the exception of
Wednesday, when it is charged 3 times to capture the weekend swap charged in advance (i.e. 7 swaps in 5
trading days). You will be able to find the value of the swap rate charged for each instrument by accessing the
Trading Platform through your account the applicable/current rates charged. Rates may change quickly due to
market conditions (changes in interest rates, volatility, liquidity etc.) and due to various risk related matters
that are at Company's sole discretion.
5. Commodity and Index Rollover Information and Calculation
When a futures contract approaches its expiry date, AgeFX will rollover all open positions to the next tradable
contract at the time specified in the CFD rollover dates section of our website and in addition, an email will be
circulated to clients prior to the rollover date informing them accordingly. Rollover dates are unique to each
type of contract being traded and vary in duration. Clients with open positions who do not wish to have their
positions rolled over onto the next contract should close their positions before the schedule Rollover (Rollover
dates will become available to the clients).
Clients will incur the same fees as closing an old contract and opening a new one manually. The fee includes
the spread cost of closing the old contract and opening a new contract plus the overnight interest charge (These
are the swaps long and swaps short amounts indicated on the asset specifications).
In most cases, the rate (bid/ask prices) of the new contract will be different from the old contract. Therefore,
the company takes necessary precautions in order for the client not to be burdened with the price difference
on his new position. Consequently, a rollover adjustment will occur automatically on client’s account to ensure
both the client and the company did not benefit or disadvantaged from the rollover.
In order to calculate the rollover adjustment amount, the rate of the old contract and the new contract will be
used at exactly the same time before contract expires. Consequently, the price difference between contracts
AgeFX is licensed and regulated by CySEC, CIF Licence Number 317/17 2
and the spread will be accounted for. The resulting rollover amount will be then debited or credited to the
clients account as a rollover adjustment. The calculation is as follows:
Buy position:
(Volume1*- (Bid price (new contract)-Bid price (Old contract))) + (Volume *-Spread) * Conv. Rate2
Sell position:
(Volume * (Ask price (new contract))-Ask price (old contract))) + (Volume * -Spread) * Conv. Rate
The general rule of thumb considered in order to decide if the amount will be debited or credited is shown below:
If (new contract price < old contract price) debit for short, credit for long
If (new contract price > old contract price) debit for long, credit for short
Example 1:
A client with a GBP account holds a buy position of 10 contracts on DAX performance index (Instrument currency:
EUR). At the time of rollover, the DAX rates are as follows:
Bid (existing contract) = 12,228.00, Ask (existing contract) = 12,231.00
Bid (new contract) = 12,232.00, Ask (new contract) = 12,236.00
In the above case the formula applies as follows:
(Volume *-(Bid price (new contract)-Bid price (Old contract))) + (Volume * -Spread) * Conv. Rate
(10 *-(12,232 -12,228) + (10 * (12,232 -12,236))) * 0.9 = -£71.50
As a result, the client continues to hold the same long position of 10 contracts of DAX and his account will be
debited with £71.50.
Example 2:
1 Volume = Lots * Contract size
2 All Rollover Adjustments are calculated in the currency the Instrument is denominated in. If an account is denominated in a different
currency the system will automatically convert this to the account’s currency using the market rate at that time.
AgeFX is licensed and regulated by CySEC, CIF Licence Number 317/17 3
A client with a GBP account holds a sell position of 1000 barrels on light sweet crude oil (Instrument currency:
USD). At the time of rollover, the CL rates are as follows:
Bid (existing contract) = 61.74, Ask (existing contract) = 61.87
Bid (new contract) = 61.95, Ask (new contract) = 62.15
In the above case the formula applies as follows:
(Volume * (Ask price (new contract))-Ask price (old contract))) + (Volume *-Spread) * Conv. Rate
(1000 * (62.15 -61.87) + 1000 * (61.95 -62.15)) * 0.78 = £62.40
As a result, the client continues to hold the same short position of 1000 barrels of CL and his account
will be credited with £62.40
6. Deposit Fees
There are no deposit fees charged to the client.
7. Commission Fees
There are no commissions charged to the client.
List of Payment Service Provider (PSPs)
Please find below the list of PSP companies in cooperation with their listed country headquarters and supervising
authorities:
Country of
Name
Regulated
Regulatory Authority
Establishment
SAFECHARGE
Cyprus, CY
Yes
Central Bank of Cyprus (CBC)
PPRO Group (Payment IQ)
United Kingdom, GB
Yes
Financial Conduct Authority (FCA)
AgeFX is licensed and regulated by CySEC, CIF Licence Number 317/17 4