USD	ITEM 1	ITEM 2	ITEM 3	ITEM 4
0 – 14 999,99	0.50%	0.75%	1.00%	1.50%
15 000 – 259 999,99	1.00%	1.50%	2.00%	3.00%
260 000 – 659 999,99	2.00%	3.00%	4.00%	6.00%
660 000 – 1 299 999,99	3.00%	4.50%	6.00%	9.00%

ITEM 1 – All FX instruments

ITEM 2 – All Indices instruments

ITEM 3 – All Commodities instruments

Fees and Commissions
Fee for maintaining an account	0
Commission charged per lot	Basic and Standard accounts: 0 USD per lot PRO account: 2.50 GBP / 3.50 EUR / 4 USD / 1100 HUF per closed lot 2.50 GBP / 3.50 EUR / 4 USD / 1100 HUF per open lot
Fee for an order placed by a telephone	Not Available
Fee for preparation and sending of a daily report of operations conducted on the client’s account, in a paper form.	Not Available
Fee for a preparation and sending of other reports, in particular monthly reports from the client’s account, or sending a paper version of the regulations in case of its change.	Not Available
Penalty interest	Contractual terms and conditions clause 24
Fee for E-Wallet funding	When depositing through PayPal: A 2% flat rate of the amount to be deposited will be charged.When depositing through Paysafe (formerly known as Skrill): A 2% flat rate of the amount to be deposited will be charged.When depositing through Neteller: A 4% flat rate of the amount to be deposited will be charged.
Fee for credit/debit card funding	To deposit into a trading account currency: GBP – free of charge. EUR – free of charge. USD – cost of 2% of the amount to be deposited. HUF – cost of 5% of the amount to be deposited.
Fee for small withdrawals	< 100USD: 20USD fee < 80EUR: 16EUR fee < 60GBP: 12GBP fee

Comments:

General provisions:

Forex, Indices and Commodities

1. Minimum Quotation Step is the minimum value, by which the price of all quoted Financial Instruments may be changed.

2. One Lot is a transaction unit for all quoted Financial Instruments.

3. Profits and losses in Investment Account are expressed in the Account Currency after recalculation of the profits and losses established in the second currency of the pair (quote currency) or in the currency, in which the value of the Financial Instrument is expressed at theaverage Noble-Trading Exchange Rate.

22. Noble-Trading reserves that Financial Instruments, for which the Underlying Instruments are the levels of stock indices or future contracts on stock indices, are the instruments of “over-the-counter” nature and are not traded on any above-mentioned stock exchanges. Prices of aforementioned Financial Instruments are determined by Noble-Trading and reflect the actual values of stock indices (or future contracts on stock indices), however current purchase and sale prices may differ from the levels of these instruments (or future contracts on stock indices) quoted on organized markets.

23. Standard Transaction Spread, Minimum Order Size, Maximum Order Size, Minimum Quotation Step and Minimum Transaction Step are indicative values and they may change in case of significant volatility or limited liquidity of the Underlying Instrument.

24. Dates of position rollover between the consecutive series of the contracts, which also constitute the base for valuation of the Option Financial Instruments, are available in the Rollover Table.

25. Regarding the fact that the Noble-Trading business activity concerns market-maker model, the upper limit of the mark-up, included in Spread which is calculated by Noble-Trading on CFD Transactions, stands at 100%. Spread calculated by Noble-Trading LLC is a cost which is borne by Client and owed to Noble-Trading.

26. Standard Transaction Spread as observed between 08:00 a.m. – 08:00 p.m. CET. Standard Transaction Spread is expressed as an approximate value which is based on historical Spread quotations.

27. All transactions (STANDARD and PRO offer) are executed as market orders.

28.The volume weighted average price (VWAP) applies to all market orders.

29. Commissions (PRO offer) for both – opening and closing position on Meta Trader platform are charged at the moment of opening of the transaction, while on xStation commissions are charged separately and respectively for opening and for closing positions.

30. The fee (PRO offer) shall be converted to Account Currency in accordance with Exchange Rate at the moment of Transaction conclusion

31. Prices for PRO offer instruments are quoted on a floating basis and reflect the current market situation.

32. Reference market: organised market.

33. Remaining costs related to Transactions in Noble-Trading, such as Spread, Margin, swap points or other fees and commissions which shall be borne by Client and owed to Noble-Trading are described in remaining Condition Tables and Swap Point Table available on the Noble-Trading website.

34. Minimal Spread means the possibly smallest value of the Spread in a given Financial Instrument and does not constitute the average value of the Spread.

Equity CFD, ETF CFD and Synthetic Stocks

1. The maximum amount of Client involvement in Open Positions on all Equity CFD instruments and Synthetic Stocks on the Account may not exceed EUR 1 000 000. Limit may be increased on Client’s request.

2. The maximum amount of Client involvement in given instrument on the Account cannot exceed 1.500.000 Lots.

3. When on a given reference market auction phase occurs, Equity CFD and Synthetic Stocks orders may be executed beyond Trading Hours.

4. Financial Instruments marked with an asterisk are quoted in close only mode.

5. Minimal order value of Equity CFD order, depending on instrument quotation currency, shall amount respectively EUR 100, PLN 300, CHF 150, GBP 100, USD 50.

6. Reference market: organised market.

Swap Points

1. Long position means that the Client has purchased a Financial Instrument.

2. Short position means that the Client has sold a Financial Instrument.

3. The mark next to the Swap points in pips rate indicates if the amount of money calculated upon its basis (Swap rate cash equivalent) will be added to (no sign) or subtracted from (-) the Client’s current account balance.

4. Cash equivalent of Swap Points rate on the Investment Account is expressed in Account Currency after conversion of the Swap Points rate determined in quoted currency or currency of Financial Instrument value as BID rate for long position and ASK rate for short position.

5. Daily swap points charge or credit is calculated as follows:

for Forex instruments (currencies pairs):

100 000*lots number*Minimal Quotation Step (in points)*swap points value of given position*Exchange Rate used to conversion into Account Currecny

for other instruments:

multiplier(used to calculate Nominal Value of 1 Lot)*lots number*Minimal Quotation Step (in points)*swap points value of given position*Exchange Rate used to conversion into Account Currecny

6. For Equity CFD and ETF CFD value of swap points is expressed in percentage per annum. Daily value of charges shall be calculated as follows:

Transaction nominal * swap rate (%) * 1/365 * conversion rate of Account Currency

7. For short positions on Equity CFD and ETF CFD value of swap points cannot be higher than 0.

8. Swap points shall be understood as charging or crediting client’s account who maintains opened positions in a given Financial Instrument for the next day. Charging or crediting with swap points takes place at the midnight of each day in accordance with the daily value calculation. Swap points values are calculated on the basis of disparity of currency pairs’ interests rate or constitutes the cost of keeping of the Underlying Instrument. Swap points reflect the money value change in time. Daily value of swap points shall be calculated as follows:

S=(F(1) – F(0))/7

where F(1) is a weekly future value of the instrument’s rate calculated with taking into account time and deposit rate of given currency increased by Noble-Trading mark-up;

F(0) is a value of the spot rate of given Financial Instrument

9. Upper limit of mark-up included in deposit rates used by Noble-Trading in calculation of swap points stands at 5%. Negative swap points shall be calculated by Noble-Trading as cost which is borne by clients and owed to Noble-Trading.

Trading hours

1.Trading hours of particular Financial Instruments in the period from last Sunday of October till last Saturday of March are expressed in central european time (CET), while central european summer time (CEST) is used to express trading hours in period from last Sunday of March till last Saturday of October.

Rollover table 2017 A Rollover is a transition of the underlying instrument from a contract that expires soon for another longer-term feasible contract. As some instruments offered by Noble-Trading are based on futures contracts and do not have a specific maturity,they have to be periodically rolled. The advantage of this operation is that the client can keep open positions for much longer than the life of the underlying contract. A rollover allows the client to keep a position on given instrument and remain open when switching to another contract. *The table numbers values represent the day that the rollover is applied. For example: 11th February means that contracts will be rolled midnight 11/12th February (swap points will be calculated at that moment).

Instruments

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

US30

9

8

7

7