General Fees
This document outlines the general fees and charges that may apply to your trading account and activities with Midaz . Please note that this is a general overview, and specific fees may vary based on account type, trading volume, and other factors. It is crucial to review the detailed fee schedule provided in your account agreement.
1. Trading Fees
Spreads: The difference between the bid and ask price of a financial instrument. Spreads are variable and depend on market conditions, liquidity, and the specific instrument.
Commissions: For certain account types or instruments, a commission may be charged per trade or per lot.
Rollover/Swap Fees: Charges or credits applied to positions held open overnight. These are based on interest rate differentials between the two currencies in a pair.
2. Deposit and Withdrawal Fees
Deposit Fees: Generally, Midaz does not charge fees for deposits. However, your payment provider (e.g., bank, e-wallet ) may impose their own charges.
Withdrawal Fees: Fees may apply to withdrawals, depending on the method used and the amount. These fees are typically to cover processing costs. Specific fees will be displayed in the withdrawal section of your client portal.
Currency Conversion Fees: If you deposit or withdraw funds in a currency different from your account's base currency, a conversion fee may apply.
3. Inactivity Fees
An inactivity fee may be charged to accounts that have been dormant (no trading activity, deposits, or withdrawals) for a specified period (e.g., 3-6 months). The amount and frequency of this fee will be outlined in your account terms.
4. Other Potential Fees
Account Maintenance Fees: Rare, but some premium account types might have a monthly or annual maintenance fee.
Chargeback Fees: If a chargeback is initiated against your deposit, a fee may be levied to cover administrative costs.
Legal/Administrative Fees: In cases requiring extensive administrative or legal work due to client actions (e.g., subpoenas, excessive requests), fees may be charged.
Important Notes:
All fees are subject to change. We will notify you of any significant changes in advance.
It is your responsibility to understand all applicable fees before engaging in trading activities.
For a comprehensive list of fees applicable to your account, please refer to the "Fees" section within your client portal or contact our support team.