Information on Costs and Associated Charges Incurred by Clients of Financial House Ever Inc. Trading in Contracts for Differences on an Over-the-Counter Market

I. Introduction

1. This Information on Costs and Associated Charges Incurred by Clients of Financial House Ever Inc. Trading in Contracts for Differences on an Over-the-Counter Market (hereinafter referred to as “Information“) has been developed on the basis and in accordance with the provisions of Article 50, in conjunction with Article 46 and Annex II to Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65 / EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment intermediaries and defined terms for the purposes of that Directive (Delegated Regulation 2017/565), Article 70, Paragraph 4, in conjunction with Article 71, Paragraph 5, Paragraph 7 and Article 73 of the Markets in Financial Instruments Act (MFIA) and Articles 31 – 33 of Ordinance No. 58 of February 28, 2018 on the requirements for the protection of clients’ financial instruments and funds, for product management and for the provision or receipt of fees, commissions, other monetary or non-monetary benefits (Ordinance No. 58), and in accordance with the requirements of Directive 2314/65 / EU of the European Parliament and of the Council of 15 May 2314 on markets in financial instruments and amending Directive 2002/92 / EC and Directive 2011/6 /EU (MiFID II) and in particular with Article 24(4).

2. The information has been prepared in accordance with the nature, scale and complexity of the business activities of Financial House Ever Inc.

3. The information is applicable to contracts between Financial House Ever Inc. and its clients, which regulate trading in contracts for differences (CFDs), on an over-the-counter market (OTC market).

4. Financial House Ever Inc. does not offer its clients trading in financial instruments other than CFDs in a market other than the OTC market.

5. Financial House Ever Inc. offers its clients the following types of CFDs:

 a)  CFDs on securities and exchange-traded funds;

 b)  CFDs on indices;

 c)  CFDs on futures;

 d)  CFDs on currency pairs and precious metals;

 e)  CFDs on exchange-traded options.

6. With regard to trading of the above-mentioned CFDs, which is carried out on the OTC market, Financial House Ever Inc. is the only venue for execution of the orders and acts as a principal for any transaction (not as an agent or broker).

7. Financial House Ever Inc. acts as the single venue for execution the orders of its clients and as a counterparty to all transactions with clients, which is why:

a) it charges its clients only the fees and commissions specified in the Tariff of Fees and Commissions of Financial House Ever Inc. (the Tariff);

b) it does not apply different fees depending on the venue of execution of the clients’ orders;

c) it receives no payments and incentives from third parties (which are themselves execution venues) for the execution of those orders;

d) it receives no remuneration, discount or non-monetary consideration for the transfer of a client orders to a specific trading venue, a venue for execution of orders respectively;

e) it does not charge receivables from two or more participants in a transaction in accordance with Article 24, Paragraph 9 of MiFID II, it does not receive non-monetary benefits as an intermediary and the value of all monetary benefits it receives as an intermediary is specified in the Tariff.

8. (amended with decision of the Board of directors from 09.10.2020)Information on the costs paid by clients for each financial instrument offered by Financial House Ever Inc. is available in the Tariff and on the intermediary’s web site (www.ever.bg and/or www.fxmeridian.com).

9. (amended with decision of the Board of directors from 09.10.2020)The current version of the Tariff of Fees and Commissions of Financial House Ever Inc. is available to clients in the offices of Financial House Ever Inc., as well as on its website (www.ever.bg and/or www.fxmeridian.com).

10. (amended with decision of the Board of directors from 09.10.2020)Financial House Ever Inc. offers its clients the opportunity to trade in financial instruments (CFDs) through a trading account against a guarantee amount through the electronic trading platform www.fxmeridian.com.

11. Costs and charges paid by clients:

a) guarantee amounts;

b) taxes;

c) commissions;

d) interest rate swap;

e) dividend adjustment payments;

f) costs related to foreign exchange revaluation;

g) spreads;

h) rollover fees (fees for rolling over a position to the next trading day);

i) trading account maintenance fees;

j) payment charges.

Some of the above costs and charges fall within the scope of Annex II to Delegated Regulation 2017/565, but some remain outside.

12. Financial House Ever Inc. will provide detailed information on the purposes of the prior and subsequent disclosure of information on costs and charges to clients that fall within the scope of Annex II to Delegated Regulation 2017/565.

II. Types of Costs and Charges that Fall within the Scope of Annex II to Delegated Regulation 2017/565.

13. Costs and charges paid by clients falling within the scope of Annex II to Delegated Regulation 2017/565 and in particular in Table 1 “All costs and associated charges charged for the investment service (one or more) and/or ancillary services provided to the client that should be part of the amount to be disclosed” are:

a) spreads, which are one-time charges related to the provision of an investment service;

b) interest in trading against an guarantee amount, dividend adjustment payments, rollover fees to the next trading day  and trading account maintenance fees, as well as current charges related to the provision of an investment service;

c) commissions (brokerage and transaction commissions) and payment charges, which are costs associated with transactions initiated in the course of providing an investment service.

A. Commission

14. The commission (brokerage commission) is a cost charged by Financial House Ever Inc. and paid by the client for the execution of a client’s order for trading in financial instruments. The commission is set as a percentage of the respective total transaction amount.

15. The commission (payment charges) is a cost charged by Financial House Ever Inc. and/or a commercial bank and paid by the client to execute a client’s order for depositing or withdrawing funds. The commission is set as a percentage of the respective amount.

16. Financial House Ever Inc. charges a commission (brokerage commission) for trading in CFDs against a guarantee amount through the trading account against a guarantee amount through the electronic trading platform in the following cases:

 a) for trading CFDs on securities and exchange-traded funds:

-> If the guarantee amount is other than 100% (without paying the full value of the respective CFD) – for all types of orders;

-> If the guarantee amount is equal to  100% (with payment of the full value of the respective CFD) – for all contingent orders (a “contingent order“ is a standalone order or a series of pending limited, stop orders to a confirmed initially limited, stop order);

b) for trading CFDs on indices:

-> If the guarantee amount is other than 100% –  for all contingent orders and orders other than contingent orders when concerning CFDs on Italian indices;

-> If the guarantee amount is other than 100% – for all contingent orders;

c) for trading CFDs on futures – for all contingent orders;

d) for trading CFDs on currency pairs and precious metals – for all contingent orders;

e) for trading CFDs on other assets – for all contingent orders.

17. Financial House Ever Inc. does not charge a commission (brokerage commission) for trading through the trading account against a guarantee amount through the electronic trading platform.

18. Financial House Ever Inc. does not charge a commission related to transactions of withdrawal of amounts by bank transfer in national currency, regardless of the amount of the withdrawal. Financial House Ever Inc. does not offer cash transactions and cash withdrawals at the office of the company.

19. (amended with decision of the Board of directors from 09.10.2020)Detailed information about the commissions is indicated in the Tariff and also on the web site of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

B. Interest Rate Swap in Trading against a Guarantee Amount

20. Interest rate swap in trading against a guarantee amount is an additional amount that the client owes to Financial House Ever Inc. in order to use borrowings when carrying a position to the next day and is calculated as a percentage of them. The interest rate can be positive or a negative.

When trading CFDs against a guarantee amount, the client practically borrows money from Financial House Ever Inc. in order to open their position. If, at the end of the business day, the client continues to hold an open position, which is to be carried to the next day, Financial House Ever Inc. will charge (add) or deduct (withhold) interest on the open position from the client’s trading account.

21. The interest rate swap is calculated as follows:

Rollover fee = Swap Number Position  x  Number of days for which the position is rolled over

For example, if the client has a long position of 10,000 in EUR / USD and the swap number for a long position is -0.000094, then overnight swap is 10000 x -0.000094 = – EUR 0.94. The client will pay – EUR 0.94.

(amended with decision of the Board of directors from 09.10.2020)Swap numbers for the various financial instruments offered by Financial House Ever Inc. are available and freely accessible on the intermediary’s website (www.ever.bg and/or www.fxmeridian.com). The value of these swap numbers is updated on a daily basis because the price of financial instruments changes daily.

22. The amount of interest rate swap received is in the currency of the respective traded instrument. If the client’s trading account is in another currency, then the interest rate swap amount will be translated (converted) into the currency in which the account is kept.

23. In cases where the client holds (rolls over to the next day) a long position, the interest rate swap will be deducted (withheld) from their trading account.

In cases where the client holds (rolls over to the next day) a short position and the interest rate on the position is a positive number, the interest rate swap will be charged (added) to their trading account.

In cases where the client holds (rolls over to the next day) a short position and the interest rate on the position is a negative number, the interest rate swap will be deducted (withheld) from their trading account.

The above can be illustrated by the following examples:

Let’s assume that the client has an open short position in 5 CFDs on a given index, which is quoted in EUR and the swap number for the short position for that index is 0.25, then the interest rate swap for a night rollover is calculated as follows:

Rollover fee = Swap Number number of indices Number of days for which the position is rolled over

0.25 x 5 = EUR 1.25

The client will receive EUR 1.25 for a night rollover.

It should be considered that the value of these swap numbers is updated on a daily basis because the price of financial instruments changes daily.

24. Financial House Ever Inc. deducts/accrues interest rate swap when trading in the following types of CFDs:

a) CFDs on securities and exchange-traded funds;

b) CFDs on indices, futures and currency pairs;

c) CFD on other assets.

25. Financial House Ever Inc. deducts/accrues interest rate swap when trading only through a trading account against a guarantee amount through the electronic trading platform.

C. Dividend Adjustment Payment

26. A dividend adjustment payment is a payment similar to a dividend received by a client holding a CFD on shares, indices and/or exchange-traded funds. Similar to an investment in the underlying instruments and the CFDs on them are subject to corporate actions, including those related to the payment of dividends. The client who owns a CFD does not own the underlying asset, which means that during corporate actions related to dividend payments they will receive a dividend adjustments payment, which will be derived from the dividend itself, but unlike the dividend it will not be related to holding the underlying assets.

27. Whether a dividend will be distributed or not is generally decided by the general meetings of shareholders of the issuer companies, and in the case of exchange-traded funds, the management companies. In most cases, when it comes to indices, the presence and distribution of dividends follows the presence and distribution of dividends on the shares included in the index, but there are exceptions where dividends are not distributed and the respective corporate actions are reflected in the price of the respective index according to the formula for calculating the index.

28. The dividend adjustment payment is set at the so-called „ex-date“ or it is the first day after the date on which, if the client is a shareholder in a company, will be entitled to receive a dividend.

When that date arrives, the shares begin to be traded without the right to receive a dividend and this fact affects their price.

The ex-dates for the shares are announced by the companies issued the shares and usually appear in the resolutions of the General Meetings of Shareholders.

The ex-dates for exchange-traded funds are announced by the management companies of those funds.

The ex-dates for indices are followed by the ex- dates for the shares included in the index.

29. If the client holds an open position in the CFD on shares and/or exchange-traded funds at the beginning of the business day (00:00 Eastern European Time – EET), which coincides with the ex-date of the respective underlying asset, the dividend adjustment payment on an open long position will be credited /added to their trading account and, respectively, on a short position the dividend adjustment payment will be deducted/withheld from it.

The above can be illustrated by the following examples:

As of the ex-date 15 February 2018, an issuer company has declared a gross dividend in the amount of EUR 1.36 per share.

If the client holds a long position in CFDs on the shares of that company, then for each CFD on a share of the company they own as of 15 February 2018 they will receive the dividend adjustment payment of EUR 1.36.

As of the ex-date 15 February 2018, an issuer company has declared a gross dividend in the amount of EUR 1.36 per share.

If the client holds a short position in CFDs on the shares of that company, then for each CFD on a share of the company they own as of 15 February 2018, a dividend adjustment payment of EUR 1.36 will be deducted from their account.

However, if Financial House Ever Inc. is required, under the law of the country of the issuing company or the management company, to withhold tax on the payment of the Dividend adjustment payment for CFDs on shares or CFDs on exchange traded funds (mainly US), the equitable dividend payment, with an open long position, will be credited / added to their trading account after the tax is deducted by the investment intermediary. When a short position is opened, as the dividend adjustment payment is deducted from the client’s account, no taxes are due or charged on the same.

The above can be illustrated by the following examples:

As of the ex-date 15 February 2018, a US issuer company has declared a gross dividend of 1 in the amount of USD 0,590 per share.

If the client holds a long position in CFDs on the shares of that company and if we assume that the dividend tax in the USA is 10%, then for each CFD on a share of the company they own on 15 February 2018, after deduction of the due tax, they will receive a dividend adjustment payment of USD 0.531 (USD 0.590  /dividend/ –  0.059 USD  (tax)).

As of the ex-date 15 February 2018, a US issuer company has declared a gross dividend of 1 in the amount of USD 0,590 per share.

If the client holds a short position in CFDs on the shares of that company, then for each CFD on a share of that company they own on 15 February 2018, the dividend adjustment payment of USD 0,590 will be deducted.

30. In cases where on the „ex-date“ a client holds a position in CFDs on an index, then in a long position a dividend adjustment payment will be made to their account, which will be calculated based on the proportional weight of that dividend in the underlying index. In cases where as of the ex-date the client holds a position in CFDS on an index, then in a short position a dividend adjustment payment will be deducted from the client’s account based on the proportional weight of that dividend in the underlying index.

Each index has its own methodology for calculating the weight of its components, which is why the distribution of dividends is calculated differently for each index.

If, in accordance with the laws of the country of the issuer company the shares of which participate in the calculation of an index, tax should be paid upon payment of dividends on those shares, then Financial House Ever Inc. withholds tax on the payment of the dividend adjustment payment for CFDs on the index, which applies to that company. In these cases, the dividend adjustment payment, in an open long position, will be credited/debited to the client’s trading account after the relevant tax has been withheld by the investment intermediary. In the event of an open short position, as a dividend adjustment payment is deducted from the client’s account, no taxes are due or charged on the same.

31. The amount of the accrued/withheld dividend adjustment payment is indicated in the daily report to the client for the respective date on which the payment was made/withheld.

Financial House Ever Inc. withholds/accrues dividend adjustment payments on trading in CFDs on securities and exchange traded funds and CFDs on indices by:

a) trading account against a guarantee amount through the electronic trading platform, and

b) trading account against payment of the full value of the financial instrument through the electronic trading platform.

33. ((amended with decision of the Board of directors from 09.10.2020)Further information on the dividend adjustment payments is available on the website of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

D. Spread

The spread is the difference between the bid price and the ask price quoted for an instrument. In this sense, the spread is a figure that the smaller (i.e., a tighter spread), the lower the costs for clients will be.

For example:

When buying a CFD on EUR/USD currency pair at bid price of 1.10209 and at ask price 0f 1.10200, the client will pay a spread of 0.9 pips.

However, if the spread is wider – bid price of 1.10211 and the ask price of 1.10200, for example, the client will pay a spread of 1.1 pips.

It should be considered that the cost of a spread in pips is illustrative and in order to determine the full cost of a spread, the size of the position should also be taken into account. When the volumes traded by the client increase, it is possible that their spread costs may also increase, depending on the current liquidity of the particular instrument.

Depending on the selected instruments, Financial House Ever Inc. offers its clients the opportunity to trade at:

a) fixed spread, which is a constant difference between the bid price and ask price, i.e. this is a spread that does not change depending on market conditions. Fixed spreads can be offered for a certain period of time or during trading hours.

btarget (variable) spread, which is a spread that varies from different market factors such as underlying liquidity or volatility. The target (variable) spread is the minimum spread that Financial House Ever Inc. seeks to quote. However, in times of low liquidity and/or high volatility, it is likely that the investment intermediary may not be able to maintain the same levels of spreads that it usually quotes. Such market conditions are unpredictable and can occur at any time of the day, leading to widening of spreads over a certain period of time.

36. The clients of Financial House Ever Inc. can switch from fixed to target spreads and vice versa every 24 hours, provided that they do not hold open positions and confirmed orders.

37. The spread is applicable to all financial instruments and to all trading accounts offered by Financial House Ever Inc.

(amended with decision of the Board of directors from 09.10.2020)Information on the applicable spread for the different types of instruments and the different types of trading accounts is indicated in the Tariff, as well as on the website of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

38. (amended with decision of the Board of directors from 09.10.2020)The amount of the spread is indicated on the website of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

E. Rollover fee

39. The rollover fee is the fee that is payable for the use of borrowed funds for rolling over a position to the next trading date and is formed on the basis of the swaps for the relevant financial instrument (currency pair or precious metals).

When trading CFDs against a guarantee amount, the client practically borrows money from Financial House Ever Inc. in order to open their position. If at 12:00 a.m. the client continues to hold an open position, which is to be transferred for the next day, Financial House Ever Inc. shall accrue (add) or deduct (withhold) from the client’s trading account a rollover fee.

40. When trading CFDs on currency pairs and on precious metals, the swap numbers show how many pips, and cents, respectively, are charged at the end of the business day to the open position of the client, which will be rolled over to the next business day.

Swap numbers can be both positive and negative.

When the swap number is positive, the rollover fee will be charged (added) to the client’s trading account.

When the swap number is negative, the rollover fee will be deducted (withheld) from the client’s trading account.

41. (amended with decision of the Board of directors from 09.10.2020)A rollover fee is charged on the final position rolled over from the previous day. The interest rate swap applicable to the respective currency pair in the table of instruments on our website (www.ever.bg and/or www.fxmeridian.com).

The rollover fee is calculated by multiplying the swap number of the open position at the end of the business day and the number of days for which the position is being rolled over. The result obtained is revalued at the market closing price of the currency of the client’s account.

In currency trading, the amounts a client will pay or receive for an open position depends on the currency pair being traded, as the trading in a currency pair means buying one currency of the pair against selling the other.

Rollover fee = Swap number x  Position  x  Number of days for which the position is rolled over

For example, if the client has a long position of 10,000 in EUR / USD and the swap number for a long position is -0.000094, then overnight swap is 10000 x -0.000094 = – EUR 0.94. The client will pay – EUR 0.94.

43. (amended with decision of the Board of directors from 09.10.2020)Swap numbers for the various financial instruments offered by Financial House Ever Inc. are available and freely accessible on the intermediary’s website (www.ever.bg and/or www.fxmeridian.com). The value of these swap numbers is updated on a daily basis because the price of financial instruments changes daily.

44. (amended with decision of the Board of directors from 09.10.2020)Financial House Ever Inc. deducts/charges rollover fees for the rollover of positions in CFDs in foreign currency pairs and CFDs on precious metals through a trading account against a guarantee amount through the electronic trading platform www.fxmeridian.com – when trading CFDs on currency pairs and CFDs on precious metals;

F. Account Maintenance Fee

45. The trading account maintenance fee is charged by Financial House Ever Inc., if the client has not carried out any transaction and/or has not opened any position for the last three months.

46. ((amended with decision of the Board of directors from 09.10.2020)The amount of trading account maintenance fee is indicated in the Tariff and also on the web site of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

G. Payment Charges

46. ((amended with decision of the Board of directors from 09.10.2020)Detailed information about payment charges is indicated in the Tariff and also on the web site of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com)

III. Types of Costs and Charges That Fall within the Scope of Annex II to DR 2017/565

A. Guarantee amount

47. The Guarantee Amount (margin) is the amount of funds that the client must provide to their trading account in order to open a position. The guarantee amount is blocked on the client’s trading account from the total amount of their free funds and until the position guaranteed by it is closed, which means that the Client cannot use it for other purposes.

The guarantee amount is calculated as a percentage of the value of the open position.

The above can be illustrated by the following example:

 If a client wants to trade a CFD on a share the margin requirement (guarantee amount) for which is 5%,  and  the client wants to buy 100 of those CFDs at USD 110.21, it is not necessary to have the full amount of USD 110.21, but only the part which is required as a guarantee amount (5% of the value of the open position), i.e. the client should have only USD 551.05 in their trading account,  which will be blocked as a guarantee amount to buy the desired CFD and  open a position.

48. Margin trading requires taking into account the movement in the market prices of the instruments, which the client has purchased because this affects their ability to keep certain positions open for a longer time or its ability to open new positions. The above can be illustrated by the following examples:

If a client who trades against payment of the full value of the financial instrument has a USD 1,000 in their trading account and wants to buy 100 share CFDs at USD 110.21, then the value of the transaction would be USD 11021, i.e. exceeding the amount of funds they have in their account and the transaction will not be executed.

However, if the same client has the opportunity to trade that CFD against a guarantee amount and the requirement is to provide a 5% guarantee amount (margin), then the amount required to be available in the client’s account to carry out the transaction would be only USD 551.05 (5% x 11 021 = 551.05), and they will be able to carry out their transaction.

Financial House Ever Inc. will block the guarantee amount of 551.05 USD from the total amount available on the account – USD 1 000, and the client will be able to have free funds of USD 448.95 to open new positions in various financial instruments.

If the price of that CFD goes up from USD 1.50 to USD 111,71, the client will earn a profit of USD 150 and that profit will be added to the amount in their trading account, and they will have USD 1150 and the funds blocked as a guarantee will be USD 558.55 (100 x 111, 71 x 5%) and the free funds will be USD 591.45.

However, if the price of this CFD falls by USD 1.50 to USD 108.71, then the client will lose USD 150, and those funds will be deducted from their trading account, which would be USD 850. The funds blocked as a g amount would be USD 543.55 (100 x 108.71 x 5%) and free funds would be USD 306.45.

49. (amended with decision of the Board of directors from 09.10.2020)The requirements for the guarantee amount (margin) are available and freely accessible on the website of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

Financial House Ever Inc. informs its clients that the investment intermediary has the right to change the required guarantee amount (the required margin) for certain financial instruments as well as for particular transactions and trading accounts.

50. (amended with decision of the Board of directors from 09.10.2020)Financial House Ever Inc. authorizes trading against a provided guarantee amount in all CFDs offered by it through a trading account against a guarantee amount through the electronic trading platform www.fxmeridian.com – when trading in all types of CFDs offered by the investment intermediary;

51. (amended with decision of the Board of directors from 09.10.2020)Financial House Ever Inc. does not authorize trading against a guarantee amount through a trading account against payment of the full value of the financial instrument through the electronic trading platform www.fxmeridian.com.

B. Taxes

52Costs, including taxes, may also arise for the client in connection with transactions in financial instruments offered for trading by Financial House Ever Inc. or investment services provided and activities, which are not charged by the investment intermediary.

The tax regime, respectively, taxes due by the client when trading in CFDs depends, on the one hand, on the tax legislation in Bulgaria, agreements in force between Bulgaria and each country in and outside the European Union to avoid double taxation, and on the other hand on the client’s nationality, and also in which country the client is considered a resident for tax purposes.

In the general case, but not exhaustively, taxable income is derived from transactions carried out on the OTC market, irrespective of the type of financial instrument, and from dividends given in favor of a resident or foreign natural person from a source in Bulgaria and a resident natural person from a source abroad, as the tax rate vary from country to country. Other tax costs may also arise for the client in connection with transactions in financial instruments or investment services and activities rendered.

53. Financial House Ever Inc. does not pay taxes on behalf of its clients, except when the investment intermediary acts as a Withholding Agent under the US tax law. The timely payment of those costs and/or taxes is the sole responsibility and responsibility of the client.

54. Financial House Ever Inc. acts as a Withholding Agent under U.S. tax law and withholds tax on dividend adjustment payments on CFDs based on US securities and funds.

In such cases, Financial House Ever Inc. will deduct tax to the client and pay it to the US Internal Revenue Service (IRS) on behalf of the client.

55. Financial House Ever Inc. informs its clients that the Republic of Bulgaria applies the rules for the automatic exchange of financial information in the field of taxation. Pursuant to these rules, the Republic of Bulgaria must systematically provide the other countries participating in this exchange with financial information in the field of taxation about their taxpayers. To this end, the Bulgarian financial institutions should provide the statutory information to the Bulgarian National Revenue Agency (NRA), which in turn provides it to the relevant competent tax institution in the country where the person is domiciled for tax purposes.

In this regard, Financial House Ever Inc. AD provides to the NRA the statutory information regarding taxpayers of other countries involved in the automatic exchange of financial information in the field of taxation. More information on the automatic exchange of financial information for tax purposes can be found on the NRA website:  http://portal.nap.bg/page?id=673

56. Financial House Ever Inc. informs its clients that the Republic of Bulgaria complies with the Foreign Account Tax Compliance Act adopted by the United States.

Financial House Ever Inc. is a US FATCA-approved financial institution and registered with the US Internal Revenue Service (IRS) with a Global Intermediary Identification Number (GIIN):  WFV9RS.99999.SL100.

More information about FATCA can be found on the IRS website:  https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca

57. Financial House Ever Inc. does not advise its clients on regulatory, legal and/or tax matters.

C. Foreign exchange revaluation expenses

58Financial House Ever Inc. performs currency revaluation:

a) when reflecting the realized result from the positions closed by the client, provided that the currency of the traded financial instrument is other than the currency of the client’s trading account;

b) when depositing and withdrawing funds in a currency other than the currency of the client’s trading account;

c) when transferring funds between trading accounts of  the same client in different currencies.

59. When the currency of the traded financial instrument is different from the currency of the trading account, Financial House Ever Inc. will perform the currency revaluation in the trading platform:

-> at the market closing price for the respective currency at 12:00 a.m. (11:00 p.m. on Friday) Eastern European Time (EET) of the different currencies for: interest rates; rollover fees; dividend adjustment payments; trading account; maintenance fee and revaluation of open positions;

-> at current market price at the time of closing the position, for the realized trading result or at the time when trading commissions payable after transactions are executed;

60. When a client deposits and/or withdraws funds in a currency other than the currency of their trading account and/or transfers funds between their trading accounts in a different currency, Financial House Ever Inc. will perform the currency revaluation at the conversion price at the time of reflecting the transaction in the platform. The currency conversion price calculated by adding a markup of 1%. to the buy and ask prices (quotes) for CFDs on the respective currency pairs quoted by Financial House Ever Inc. in the Electronic Trading Platform („current market prices“).

(amended with decision of the Board of directors from 09.10.2020)Information on the currency conversion price (in real time) is available on the website of Financial House Ever Inc. (www.ever.bg and/or www.fxmeridian.com).

61. Where the deposit to the trading account is made by bank transfer, the currency conversion price is calculated on the basis of current market prices at the time of the currency revaluation itself, rather than at the time when the client made the respective deposit.

Information on the actual price of the currency conversion at which Financial House Ever Inc. has made the currency revaluation is available on the platforms for trading in financial instruments that the investment intermediary offers to its clients. The information may be found in real time on the electronic platform based on the Buy and Sell quotes for each currency pair.

62. Where the deposit to the trading account is made by a credit card, debit card, Skrill or ePay, systems, but there are technical issues that impede the instant transfer the of funds to the client’s trading account, the currency conversion price is calculated based on the current market prices at the time of performing the currency revaluation itself, rather than at the time when the client made the respective deposit.

Information on the actual price of the currency conversion at which Financial House Ever Inc. has made the currency revaluation is available on the platforms for trading in financial instruments that the investment intermediary offers to its clients. The information may be found in real time on the electronic platform based on the Buy and Sell quotes for each currency pair.

63. It should be taken into account that in the case of deposits by credit and/or debit cards or by bank transfer, Financial House Ever Inc. provides information on the currency exchange price at which the financial intermediary, when depositing funds into the client’s trading account, has made the currency revaluation of the funds that have been received in the bank account of the intermediary. Financial House Ever Inc. does not provide information on the quotes at which the banks and/or card operators involved in the process of making the respective deposit have converted the amount transferred by the client. This also applies to withdrawals made by credit/debit card or by a bank transfer.

64. Financial House Ever Inc. does not deduct any fees or commissions from its clients for currency revaluations, nor does it withhold other expenses for currency exchange.

65. Financial House Ever Inc. does not carry out any currency exchange transactions other than the currency revaluations described above.

Financial House Ever Inc. does not provide any individual currency exchange services to its clients.

IV. METHOD OF PAYMENT OF COSTS AND CHARGES

66. The costs and charges payable by the client described above are collected by Financial House Ever Inc. by directly debiting the trading account of the respective client.

67. The costs and charges described above payable by Financial House Ever Inc. are paid by crediting the trading account of the respective client.

V. FINAL PROVISIONS

68. (amended with decision of the Board of directors from 09.10.2020) The latest version of this Information is available to clients in the offices of Financial House Ever Inc., as well as on its website (www.ever.bg and/or www.fxmeridian.com). Financial House Ever Inc. informs its clients through its website about any significant changes in the Information or about the adoption of a new one.

69. This document was approved by the Board of Directors of Financial House Ever Inc. at a meeting held on 5 June 2018 and is effective from the same date. This document is amended with decision of the Board of directors from 09.10.2020.

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