FEES & CHARGES
GPP Markets standard fees and charges for trading with us are as follows:
| Fee or charge | amount or how its calculated | when it is payable | |||
|---|---|---|---|---|---|
| Spreads | GPP Markets 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. | Interest on client funds held | Money paid by you to GPP Markets for margin and fees is held in separate segregated accounts. GPP markets 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. |
| 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. | |||
| Spreads | GPP Markets 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. | Interest on client funds held | Money paid by you to GPP Markets for margin and fees is held in separate segregated accounts. GPP markets 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 | GPP Markets provides a number of different payment methods to allow you to deposit funds, to cover the costs associated with these payment methods GPP Markets 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. |
Fees and charges may change from time to time and you can find more information in our Product Disclosure Statement (PDS).
Trading CFDs may not be suitable for everyone as they are high risk financial product. Please ensure that you understand the risks involved. A Product Disclosure Statement can be obtained here and should be considered before trading with us.
GPP Markets is also a member of an independent dispute resolution scheme the Financial Services Complaints Limited (“FSCL”) our membership number is 6397. This is approved dispute resolution scheme under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
GPP Markets Ltd is a company registered in New Zealand (NZBN 9429042010807) located at Level 21 191 Queen Street, Auckland; PO Box 5382, Wellesley Street, Auckland.Phone: +64 9 281 2012 email: info@gppmarkets.com. GPP Markets Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued by the Financial Markets Authority.
GPP Markets is also a member of an independent dispute resolution scheme the Financial Services Complaints Limited (“FSCL”) our membership number is 6397. This is approved dispute resolution scheme under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.
GPP Markets Ltd is a company registered in New Zealand (NZBN 9429042010807) located at Level 21 191 Queen Street, Auckland; PO Box 5382, Wellesley Street, Auckland.Phone: +64 9 281 2012 email: info@gppmarkets.com. GPP Markets Ltd is a registered Financial Service Provider (FSP509766) and holds a Derivative Issuer Licence issued by the Financial Markets Authority.