1 - DIF Freedom Platform
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%
Note: These prices are exclusive of exchange fees which are charged separately
CFD of ETF, Stocks, Index and Bonds
CFD Long overnight positions - you pay LIBOR plus 4,5%
CFD Short overnight positions - we pay LIBID minus 4% (*)
(*) – If the rate is negative, then the clients must pay the difference.
The costs above mentioned correspond to the maximum value that can be charged.
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.
Note: Prices are subject to market conditions and may be changed without a prior notice.
Carrying Cost on Futures, Listed Options and Expiring CFDs
Overnight positions in Futures, Listed Options and Expiring CFDs are subject to a carrying cost.
The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight.
The funding rate used for calculating the carrying cost is based in the relevant Interbank-rate + markup (150 bps).
Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)
Holding Fee on Long Positions in Listed Options
Long dated Listed Options are subject to an holding fee. The Holding Fee varies depending on the underlying asset class (Category) and will only apply to bought options with maturity beyond 120 days.
The fee will be calculated based on the below schedule and charged end-of-month.
Holding Fee per day = Nominal Value / 1,000,000 * Underlying Category Fee
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.
For Bond positions an annual custory fee applies as follows:
2 - DIF Options Platform
Buying brokerage commission: 6 usd by contract+ exchange fees;
Selling brokerage commission: 1,2%*d/360, over the theoretical value traded, being "d" the number of days running with open position.
- Up to 3% per year, charged monthly, based on the value of the account on the last day of each month and subject to a minimum of €50, plus VAT.
- Account opening minimum - €25,000.00
Transfer amounts to DIF Broker: € 0
Nacional transfer from out of DIF Broker: 0.6% over nominal (maximum 200 € per value)
International transfer from out of DIF Broker: 0.9% over nominal (maximum 200 € per value).
All DIF Broker Fees charged are subject to VAT at the legal rate;
DIF Broker will add or deducted a spread of 0,6% 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.