Fee Structure - Spot / Derivative

Level 1 takes higher fees. These fees are higher than Level 2 as Synfy is charged by counterparty these fees.

Fees vary depending on product offered and will be quoted on purchase, but typically:

Spot Tokens

Spot products typically tend to be cheaper for longer term positions, then derivative versions.

· Commission Open 0.03 USD / share (min 15 USD)

· Commission Close 0.03 USD / share (min 15 USD)

· Spread 0.02-0.04 per share

· GBP conversion cost (x2) 2% total position size, for any USD positions. This is because Synfy deposits in GBP.

· Generic fee 0.001%

· Holding fee is 0.12% pa on open Bond / Stock / ETF / ETC positions, with a minimum monthly fee of GBP 8 (USD 10)

· Financial instrument cost 0.0945% per annum. This is embedded in the instrument itself. (this varies with asset)

These fees can change at anytime depending on counterparty. They are not exact and just an estimate.

Spot Derivative Tokens

Spot derivative tend to be cheaper for shorter term positions then spot. Use Spot derivative if you’re not sure how long you would desire to hold a position for. Also spot derivative fee structure is far simpler to calculate.

· Commission Open 0.03 USD / share (min 15 USD)

· Commission Close 0.03 USD / share (min 15 USD)

· Spread 0.02-0.04 per share

· GBP conversion cost (x2) 2% total position size – for any USD positions. This is because Synfy deposits in GBP.

· Annual Interest. This is typically the SOFIA or SONIA base rate +3.5%. Typically, 8.66% per annum currently. For daily simply divide 8.66% / 365 for daily interest cost.

These fees can change at any time depending on counterparty. They are not exact and just an estimate.