Fees

Trading Fees. Maker Orders and Taker Orders are charged a fee as a percentage of the Trade value, expressed in the relevant quote currency. The current fees are posted on the Globitex Website. By placing an Order on a Globitex Order-book, you agree to pay all applicable fees and you authorise Globitex to automatically deduct fees directly from your Globitex Account.

New clients have a 14-day free trial, where no taker and maker fees are charged. After the trial period has ended, the standard commission plan will be enabled. The 14-day free trial starts automatically once your application is approved and your account is active and will end in exactly 14 days, by automatically switching to the Individual / Corporate account commission plan.

Globitex has enabled trading fees (commissions) for each trade performed on the Globitex Exchange. You are able to see your commission plan in your Globitex account under the "Account Status" page.

The commission plan* is as follows:
Commission Plan Taker Fee Maker Fee
Individual / Corporate account 0.2% 0%
* There might be individual commission plans adopted to the specific needs of a client.

All trading fees can be settled in GBX tokens. If the fees are settled in GBX tokens, a discount of 50% of the total value of the fees will be awarded*. The value of the GBX token for trading fee settling on the Globitex platform will be no less than EUR 0.10. If the market value of the GBX token is higher than EUR 0.10, then the market price will be used to calculate the appropriate GBX spending.

* GBX can be used for fee payment and discount is awarded only in case GBX tokens cover the whole sum of the fees.


Settling trading fees with GBX tokens.

When settling fees in GBX, the payment of fees will be automatically paid in the currency used to buy or sell the other currency / token, i.e. the buying/selling currency. In a matter of seconds, the system will calculate the value of GBX needed to cover the fee and will refund the amount paid in the buying/selling currency, simultaneously the amount of GBX that has to be paid in fees will be withdrawn from your account, taking into consideration the minimum GBX value of 0.10 EUR and the GBX discount (by default 50%), meaning that you will be charged 50% of the trading fee if you choose to settle the fee in GBX tokens. It is important to note that you will not have to take any manual steps (asides from checking the “settle fees in GBX” box on your “Settings” and making sure you have enough balance in GBX on your account) and may not even notice the procedure as it will be done by the system automatically and will be completed in a matter of seconds.

NB! please be aware that this may lead to small remaining sums in your account.

Payment Fees. Fees apply to incoming and outgoing Fiat currency payments. All fees are disclosed on Globitex Website. Depending on the payment type, there may be fees applicable to the payment over which Globitex has no control (e.g. certain correspondent bank fees), Globitex shall not be liable for any losses due to these fees. Payment fees are netted out of transfers to or from Globitex. We will not process a transfer if associated payment fees exceed the value of the transfer. Globitex may also charge a payment investigation fee where it needs to obtain additional information about a payment.

Deposit Fees Withdrawal Fees
SEPA (Euro) EUR 0 SEPA (Euro) EUR 0.30
International (Euro) EUR 10* International (Euro) EUR 30
GBX token Miner's fee** GBX token Miner's fee**
Cryptocurrency Free*** Cryptocurrency Miner's fee
* Intermediary banks may deduct additional fees on the way if you use shared (SHA) commission.
** Changes in GBX token deposit and withdrawal fees are subject to miner fees and the market price of the GBX token.
*** Some currencies, e.g. Ethereum and Ethereum based tokens may incur miner fees on deposits

Network Fees. Globitex will apply network fees (miner fees) to process a Cryptocurrency transaction on Blockchain on your behalf. Globitex will calculate the network fee in its discretion, although Globitex will notify you of the network fee at the time you authorise the transaction, however, Globitex at its discretion may choose to revert the Cryptocurrency transaction amount in your Account, or Globitex may process a Cryptocurrency transaction on Blockchain on your behalf with a higher miner fee without notification and by deducting the relevant fee amount from your Cryptocurrency transaction amount or Account if the relevant transaction is not processed within a reasonable time frame with the initial miner fee.

EURO Wallet Fees. There are fees associated with the use of the EURO Wallet. The fees for main services are listed below. Please be aware that this list is not exhaustive and there are possible additional fees for specialized services. You will be informed explicitly about services that incur such fees.

The EURO Wallet main services:

Individuals
Account opening Free
Account maintenance Free
Deposits to Globitex trading account from EURO Wallet Free
Withdrawals from Globitex trading account to EURO Wallet Free
Payments to other EURO Wallet accounts Free
Payments from other EURO Wallet accounts Free
Incoming payments (SEPA) 0.01% of payment amount, min. 1 EUR, max. 10 EUR
Outgoing payments (SEPA) 0.02% of payment amount, min. 5 EUR, max. 30 EUR
Account balance fee 0.5% per year on overnight balances exceeding 5’000 EUR
Account closing 10 EUR

Corporates
Account opening 500 EUR*
Account maintenance 100 EUR/month
Deposits to Globitex trading account from EURO Wallet Free
Withdrawals from Globitex trading account to EURO Wallet Free
Payments to other EURO Wallet accounts Free
Payments from other EURO Wallet accounts Free
Incoming payments 0.02% of payment amount, min. 5 EUR, max. 100 EUR
Outgoing payments 0.05% of payment amount, min. 15 EUR, max. 500 EUR
Account balance fee 0.5% per year on overnight balances exceeding 250’000 EUR
* Account opening fee is presented indicative and is subject to increase based on complexity of the applicant’s business and legal structure.
All EURO Wallet fees can be settled in GBX tokens. If the fees are settled in GBX tokens, a discount of 50% of the total value of the fees will be awarded*. The value of the GBX token for fee settling on the Globitex platform will be no less than EUR 0.10. If the market value of the GBX token is higher than EUR 0.10, then the market price will be used to calculate the appropriate GBX spending.
Information updated on: 01.08.2019