Dif Freedom Commissions
Shares / ETF (Exchange Traded Fund)
|France G, Germany, Portugal, Spain, Italy H, Netherlands and Belgium||0,20%, with minimum of EUR 12|
|Denmark F||0,20%, with minimum of DKK 215|
|Finland F||0,20%, with minimum of EUR 12|
|Norway||0,20%, with minimum of NOK 230|
|Sweden||0,20%, with minimum of SEK 150|
|Switzerland B||0,20%, with minimum of CHF 18|
|Australia||0,20%, with minimum of AUD 25|
|USA – OTC E||0,15%, with minimum of USD 15|
|Canada – Toronto Stock Exchange (TSE)
TSX Venture Exchange
|3 cents per share, with minimum of CAD 20
3 cents per share, with minimum of CAD 50
|Hong Kong C||0,20% with minimum of HKD 150|
|Singapore D||0,20%, with minimum of SGD 25|
|Others||0,50%, with minimum of EUR 45|
A Taxation on UK stocks- For UK stocks, a PTM levy and Stamp Duty may be applicable: A PTM (Panel for Takeovers and Mergers) Levy of GBP 1 applied to buy and sell transactions where the Gross Value of the trade exceeds GBP 10,000 A Stamp Duty is applied on all BUY transactions at the following rate: 0.5 % x Gross Value Trade.
B Taxation on Swiss stocks – For Swiss stocks, a Stamp Tax of 0.085% is payable on the gross value of the trade.
C Taxation on Hong Kong stocks – For Hong Kong stocks, a Stamp Tax of 0.109% is payable on the gross value of the trade.
DTaxation o Singapore stocks 0,04%, with a maximum amount of SGD 600
E SEC Section of $22,10 per million on US exchange CFD and stock SELL transactions where client orders.
F To negotiate the Nordic markets is mandatory the subscription of real time prices.
G Taxation on French stocks - 0.3% tax on the booking of Stock, only for buy trades that fall under the French FTT regulation (read more on www.tresor.economie.gouv.fr ).
H From 1 March 2013 the Italian Financial Transaction Tax (FTT) of 0,12% will go live on all purchases of Italian shares and Equity linked securites in listed companies that have a registered office in Italy. (Read More on www.tesoro.it/primo-piano/documenti/22022013_FTT_DECREE_EN.pdf ).
A.1 – DIF Broker does not provide it’s clients with the negotiation of warrants or second market stocks
A.2 – For the Dif Freedom’s Platform users, the market commissions, market taxes, are included, such as:
A.2.1 – Stamp duty of 4%, included in Dif Broker’s commissions;
A.2.2 – Trades done in the regulated markets: - 2€ / trade, included in the commissions.
A.3 – Commission for trading outside the regulated stock exchange - 4%
|All trades||EUR 0, for standard lots, 10 USD for trades below the standard lots.|
Futures of Forex
Futures Contract of other Financial Instruments
|American||USD 8 per contract (online)
USD 15 per contract (Offline/pit traded)
|Australian||AUD 10 per contract (online)|
|Europeans||EUR 7 per contract (online)
EUR 15 per contract (Offline/pit traded)
|British||GBP 5 per contract (online)|
|Japanese||JPY 1500 per contract (online)|
|Swiss||CHF 11 per contract (online)|
|Hong Kong||HKD 100 per contract (online)|
|Canadian||CAD 25 per contract (online)|
|Brasil||BRL 30 per contract (online)|
CFD: Stocks and ETF
|Europeans Stocks, value above EUR 5.000||EUR 0||Market Spread +/- 0,25%|
|Europeans Stocks, value below EUR 5.000||EUR 12||Market Spread +/- 0,25%|
|Athens Exchange, value above EUR 5.000||EUR 0||Market Spread +/- 0,6%|
|Athens Exchange, value below EUR 5.000||EUR 12||Market Spread +/- 0,6%|
|FFT Stocks, value above EUR 5.000||EUR 0||Market Spread +/- 0,35%|
|FFT Stocks, value below EUR 5.000||EUR 12||Market Spread +/- 0,35%|
|USA Stocks, value below USD 5.000||USD 20||Price below 10, Market Spread +/- 2 cents*traded quantity|
|USA Stocks, value below USD 5.000||USD 20||Price above 10, Market Spread +/- 3,5 cents*traded quantity|
|USA Stocks, value above USD 5.000||USD 0||Price below 10, Market Spread +/- 2 cents*traded quantity|
|USA Stocks, value above USD 5.000||USD 0||Price above 10, Market Spread +/- 3,5 cents*traded quantity|
|Toronto Stock Exchange, value below CAD 10.000||CAD 20||Price above 1, Market Spread +/- 3 cents*traded quantity|
|Toronto Stock Exchange, any||CAD 20||Price below 1, Market Spread|
|Toronto Stock Exchange, value above CAD 10.000||CAD 0||Price above 1, Market Spread +/- 3 cents*traded quantity|
|TSX Venture Exchange, value below CAD 10.000||CAD 20||Price below 10, Market Spread +/- 2,5 cents*traded quantity|
|TSX Venture Exchange, value below CAD 10.000||CAD 20||Price above 10, Market Spread +/- 4 cents*traded quantity|
|TSX Venture Exchange, value above CAD 10.000||CAD 0||Price below 10, Market Spread +/- 2,5 cents*traded quantity|
|TSX Venture Exchange, value above CAD 10.000||CAD 0||Price above 10, Market Spread +/- 4 cents*traded quantity|
CFD: Stocks and ETF in other currencies
|AUD||Below 10000||10||+ / - 0,25%|
|Above 10000||0||+ / - 0,25%|
|HUF||Below 3000000||6000||+ / - 0,5%|
|Above 3000000||0||+ / - 0,5%|
|CHF||Below 15000||18||+ / - 0,25%|
|Above 15000||0||+ / - 0,25%|
|DKK||Below 100000||65||+ / - 0,25%|
|Above 100000||0||+ / - 0,25%|
|GBP||Below 8000||8||+ / - 0,25%|
|Above 8000||0||+ / - 0,25%|
|CZK||Below 250000||500||+ / - 0,25%|
|Above 250000||0||+ / - 0,25%|
|NOK||Below 100000||65||+ / - 0,25%|
|Above 100000||0||+ / - 0,25%|
|PLN||Below 35000||80||+ / - 0,45%|
|Above 35000||0||+ / - 0,45%|
|SEK||Below 100000||65||+ / - 0,25%|
|Above 100000||0||+ / - 0,25%|
|HKD||Below 95000||90||+ / - 0,25%|
|Above 95000||0||+ / - 0,25%|
|Dax, Cac e Stoxx50 (Europe)||EUR 0||Spread of the Index (minimum 3)*|
|S&P, Nasdaq (USA)||USD 0||Spread of the Index (minimum 1)*|
|Dow (USA)||USD 0||Spread of the Index (minimum 7)*|
|ASX/SP200 (Austrália)||AUD 0||Spread of the Index (minimum 4)*|
|FTSE100 (UK)||GBP 0||Spread of the Index (minimum 3)*|
|OMX (Sweden)||SEK 0||Spread of the Index (minimum 1)*|
|SMI (Switzerland)||CHF 0||Spread of the Index (minimum 3)*|
|NI225 (Japan)||JPY 0||Spread of the Index (minimum 20)*|
Italian FTT for Derivatives
|Nominal Value (Euros)||Futures / Options of Index||CFD Stock / Index|
|0 - 2,5K||0,00375€||0,25€|
|2,5 - 5K||0,00075€||0,5€|
|5 - 10k||0,015€||1€|
|10 - 50k||0,075€||5€|
|50 - 100k||0,15€||10€|
|100 - 500k||0,75€||50€|
|500 - 1000k||1,5€||100€|
|All commodites||EUR 0|
|UK Gas Oil||Minimum Spread 1,25|
|Natural Gas||Minimum Spread 0,017|
|Corn||Minimum Spread 1,25|
|Copper||Minimum Spread 0,55|
|Wheat||Minimum Spread 2,25|
|All currencies||USD 0, for standard lots, 10 USD for lots below standard|
|Cross||Commission under the standard lot||Volume transacted (up)||Spread*|
|AUDUSD||USD 10||AUD 10.000.000||0.00030|
|> AUD 20.000.000||0.00040|
|EURCHF||USD 10||EUR 10.000.000||0.00030|
|> EUR 20.000.000||0.00040|
|EURGBP||USD 10||EUR 10.000.000||0.00030|
|> EUR 15.000.000||0.00035|
|EURJPY||USD 10||EUR 8.000.000||0.045|
|> EUR 20.000.000||0.055|
|EURUSD||USD 10||EUR 10.000.000||0.00030|
|> EUR 25.000.000||0.00055|
|USDCAD||USD 10||USD 6.000.000||0.00040|
|> USD 25.000.000||0.00070|
|USDJPY||USD 10||USD 12.000.000||0.025|
|> USD 25.000.000||0.035|
|Gold||USD 0, for standard lots, 10 USD for non-standard lots||Minimum Spread 0,6|
|Silver||USD 0, for standard lots, 10 USD for non-standard lots||Minimum Spread 3,5|
|All Futures||EUR 0|
Margin Requirements: CFD
|Stocks / ETF||Variable, depends on the instrument.|
|Currencies||Variable, depending upon the cross (2%-50%)|
|Commodities / Futures||1% - 10%|
Impacts of Leverage
CFD of ETF, Stocks, Index and Bonds
CFD Long overnight positions - you pay LIBOR plus 3%
CFD Short overnight positions - we pay LIBID minus 2,5% (*)
(*) – If the rate is negative, then the clients must pay the difference.
In case that LIBOR or LIBID are negative, it will be considered zero, for the calculation of leverage cost rate. Thereby only the spread will be taken into account.
CFD of Forex
The rollover in CFD of Forex positions are made in a daily basis and they are calculated according to the info in Rollover of Forex positions.
CFD of Commodities
In CFD of Commodities, all the costs are included in the spread.
Borrowing Costs on Short CFD of Stocks Overnight Positions
A borrowing cost will be applied to short CFD positions held overnight. This borrowing cost is dependent on the liquidity of the stocks and may be 0€ for high liquidity stocks.
The specific borrowing rate for a stock can be seen as the "Borrowing Rate" under "Account » Trading Conditions » CFD Stock/Index Instrument List" in the trading platforms. When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the "Est. borrowing cost per day" field.
The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis.
|Brokerage Commissions||0,2% + SD||80 € + SD|
|Interest||1% + VAT||2,5 € + VAT|
|Redemption||0,2% + VAT||5 € + VAT|
For Bond positions an annual custory fee applies as follows:
|Currency of Bond||Annual Custody Fee|
- Sucess Fee - 20%(Charged on the net profits);
- Annual Fixed Fee - 3%(This commission is calculated based on the daily account value under management), plus VAT;
- Minimum amount to open account - EUR 25,000.00
Clients with tracking portfolio
- 3% annual, charged monthly, and based on the account value at the last day of the month, with a minimum of €50, plus VAT.
- Minimum amount to open account - EUR 25,000.00
- Custody and safekeeping of securities: 4 euros per market/per month, for users of dif Freedom’s Platform; 4bp/year, for customers that do not use the Dif Freedom’s Platform, charged every six months, with €10 minimum/by semester.
- Dif Broker will not charge for the simply reception of orders;
- Dif Broker will charge a settlement fee of stocks in the international markets, up to € 30 Euros per settle, plus VAT, variable according to the markets, for clients, that do not use the Dif Freedom’s Platform; In the Portuguese Market, and for these clients, there will be a charge of €5 euros to settle these trades, plus VAT.
- Annual maintenance rate for account held at Dif Broker and with no movements and still open : € 36, plus VAT;
- Withdrawal commission: € 1,25 per Withdrawal.
- Comission of transfer in other currencie than Euro: up to 0.30% with min. of € 35. and max. of € 120, plus tax stamp; communication costs, from intermediary banks, charged by financial institutions will be charged to the client;
- US Tax Code Section 1441: For clients that trade on the American market, is charged an annual fee of € 40 plus VAT;
|Interests, other credits||50%, Min.3 €|
|Rights exercise||0,5%||5 €|
|Expenses and letters||2,5€|
|Conversion of Shares or market values||exempt|
|Withdrawals / Transfers of Financial Values||Price X Amount X 4bps with a min. of 90€ per share|
|Transfer of securities between accounts in Dif Broker||10 €|
|Certificates and Several Certifications||50 €|
|Copies of issued statements (duplicates)||50 €|
|Monthly report: EMIR (companies)||60 € per year|
All DIF Broker Fees charged are subject to VAT at the legal rate;
DIF Broker will add or deducted a spread of 0,5% for currency conversion, where transactions are made in currencies other than the base currency of the account. Currency conversions of trading costs as well as profits and losses from trading activities are done based on the close the rate as of 17:00 New York time.
Dif-Broker, Sociedade Corretora, S.A. is a Financial Intermediary registered under the CMVM with the nº 276, authorized to provide the investment service contained in points a), b), c) and f) of nº1 of the article 290 and point a) and c) of article 291 of the Code VM.