|
Spreads
|
rockfort earns part of the spread, which is the difference between
the bid and offer prices that it quotes to you. The spread differs depending
on which underlying asset the contract relates to. The portion of the spread
we retain is the difference between the price at which we can enter a position
and the price we offer to you.
|
The spread is determined (based on prevailing market conditions) and payable
when you enter into a contract and when you close it.
|
|
Rollover interest
|
You may pay or receive rollover interest if you hold a position overnight.
This is calculated according to our applicable rate according to the duration
of the period of rollover and the spread (Rollover Rate).
|
At the end of each trading day.
|
|
Commissions on Trades
|
We may charge commission on some of our accounts or when you have been
referred to us by an Introducing Broker (IB). The commission will be specified
in terms of USD per lot and we will inform you what the commission rate
will be for your account.
|
Commission will be debited from your account immediately after an order
is executed.
|
|
Interest on client funds held
|
Money paid by you to rockfort for margin and fees is held in separate
segregated accounts. rockfort does not pay any interest in these
funds.
|
The applicable interest rate will be set and paid by the relevant bank
in accordance with its standard terms.
|
|
Deposit and withdrawal fees
|
rockfort provides a number of different payment methods to allow
you to deposit funds, to cover the costs associated with these payment
methods rockfort may charge you transaction fee dependant on payment
method chosen. You can see the fees associated with each payment method
on our deposit page. Withdrawals are done via bank transfer. Withdrawals
in New Zealand dollars to a New Zealand bank attract no fee. Withdrawals
to other currencies or overseas banks attract a fee of $15 per transaction.
|
When a deposit or a withdrawal is processed.
|
|
Inactivity fee
|
$20.00 NZD per month
|
This fee is payable when there has been no activity on an account for
more than six months and the account balance is below $100.
|
