Արարատբանկ

Fees and terms of the brokerage service in the international market

Within the spectrum of brokerage services, Customers are classified as professional and non-professional (according to the Regulation N 4/07).

Professional customers are classified into 2 subgroups: Standard and VIP. Professional customers with a gross investment ranging from USD 10,000 to USD 49,999 are considered standard professional customers, whereas an investment exceeding USD 50,000 classifies an investor as a VIP professional customer.

ARARATBANK TRADING PLATFORM offers CFD-based transactions[1] which are dealt with DMA method when orders are executed directly in the market.

Forex, Commodity and Index transaction prices are defined by the spread effective at the moment of transaction in ARARATBANK TRADING PLATFORM plus ARARATBANK commission fee (Table 3).

[1] CFD is a derivative instrument, where the price ditrectly or indirectly depends on the value of an underlying asset. In particular, CFDs allow traders and investors an opportunity to profit from price movement without owning the underlying assets.

Brokerage service conditions are shown in the table below arranged according to the above classification:

Table 1

up to 1։5

up to 1։50

 Table 2. Fees for transactions in securities including exchange fund shares                                    

 Table 3. Fees for Forex, Commodity and Index transactions 

**The fees above (Table 2, Table 3) do not include operating costs that may arise from the need for the Bank to enter into transactions with the involvement of third parties and to handle the process of clearing, in particular, commissions charged from the Bank by trading platforms and/or other intermediary parties (except for commission fees charged under contractual agreements between the Bank and the Agents). Such commissions depend on the trading platform, type and volume of the order and other circumstances. The Bank has a right to acceptance-free write off of such costs from the Customer’s account. These costs as well as charges and deductions made by the Bank for compensation therefor are represented in reports submitted to Customers.

DOCUMENTS

Procedure for providing brokerage service
Brokerage service & brokerage account agreement
Conflict of interest policy
Transaction Execution Order
Questionnaire on the Customer and the Customer’s investment knowledge, experience, qualification and investment purposes
Statement on risk awareness for leveraged transactions, including Forex trades
Fund Transfer Order
Supplementary contract on trading in financial instruments through electronic trading terminal
Statement on possible customer risks associated with operations in the financial market