Deposit Fee Waiver Policy

INTRODUCTION

This document is an inseparable part of the Terms of Business of Global Derivative Capital Markets NZ Limited (referred to as “GDMFX” and the “Company”). The provisions of this policy apply to all Customers of GDMFX who have received a partial or full deposit fee reduction or reimbursement either upon sending a request to the Company or automatically upon making a deposit. The provisions of this document are binding and clients are advised to read through them carefully before making a deposit.

ELIGIBLE DEPOSIT METHODS

Bank Transfer

When sending a deposit to GDMFX via bank transfer some customers might be charged with additional fees by their sending bank and intermediary banks. Depending on the amount being sent to GDMFX, some Customers will be eligible to receive a partial or full reimbursement for those expenses from the Company.

In order to receive a reimbursement for an eligible deposit, the Customer has to send proof of the incurred transaction fees in the form of an official bank document (wire transfer confirmation or MT103 SWIFT confirmation) to Accounts@gdmfx.com

Approved reimbursements shall be credited by GDМFX directly into the Customers’ Trading Account.

Minimal Eligible Deposits:
 

  • For all approved bank transfer deposits of at least USD 500.00 or its equivalent in another currency, the Company shall reimburse the fee charged by the intermediary bank.

  • For all approved bank transfer deposits of at least USD 1000.00 or its equivalent in another currency, the Company shall reimburse both the fee charged by the intermediary bank and the fee charged by the sending bank.
     

Reimbursement Limitation:
 

  • Notwithstanding the above, the Company shall only refund the expenses incurred for an approved single bank transfer up to the amount of USD 70.00 or its equivalent in another currency.

  • In all cases when the Company rejects a wire transfer deposit due to a breach of its Terms of Business, GDMFX shall not reimburse the sender in any way for third-party fees.

  • In all cases when a wire transfer deposit or instruction is rejected by the receiving bank, sending bank or intermediary bank due to incorrect information provided by the Customer, the Company shall not reimburse the sender in any way for third-party fees.
     

Reimbursement Cancellation:

In all cases when a Customer who has received a fee reimbursement for an approved bank transfer deposit submits a request to withdraw his capital, GDMFX shall reserve the right to void the granted reimbursement and to collect its amount back from the Customer’s balance at its discretion if the following conditions are met:
 

  • The Customer has not engaged in any trading activity after receiving the reimbursement.

  • The Customer is requesting a withdrawal of a significant portion of the deposited amount for which the reimbursement has been granted.
     

Local Deposit Methods

Customers of GDMFX are informed that when using the deposit methods classified on the Company’s website as “Local Deposit Methods”, the Company shall automatically cover commissions charged to the Customer by third parties of up to 5% from the deposited amount.

The Customer shall not be required to repay these expenses to GDMFX, and they will be waived by the Company in all cases when the Customer has successfully satisfied the Minimal Trading Requirement (referred to as “MTR”) set herein for each deposit processed via a Local Deposit Method. In all other cases, when GDMFX receives a withdrawal request from the Customer, the Company shall reserve the right to collect the fees covered for each deposit for which the MTR has not been satisfied.

Bitcoin Deposits

Customers of GDMFX are informed that when using the deposit methods classified on the Company’s website as “Local Deposit Methods”, the Company shall automatically cover commissions charged to the Customer by third parties of up to 5% from the deposited amount.

The Customer shall not be required to repay these expenses to GDMFX, and they will be waived by the Company in all cases when the Customer has successfully satisfied the Minimal Trading Requirement (referred to as “MTR”) set herein for each Bitcoin deposit. In all other cases, when GDMFX receives a withdrawal request from the Customer, the Company shall reserve the right to collect the fees covered for each deposit for which the MTR has not been satisfied.

Minimal Trading Requirement:

  • For each deposit processed via a Local Deposit Method, the Customer is required to achieve a trading activity of 5 Standard Lots round-turn on instruments traded on margin, or 5 separate trades with binary options instruments. 

  • For each deposit processed via Bitcoin, the Customer is required to achieve a trading activity of 10 Standard Lots round-turn on instruments traded on margin, or 10 separate trades with binary options instruments.

Trades which are deemed invalid or void by the Company due to a breach of its Terms of Business shall not be counted towards the completion of the MTR.