Charges FAQs

Yes. A monthly inactivity charge of £10 (the amount depends on your account currency) will be deducted per dormant account where funds are available. An account shall be considered dormant if there are no open positions and there has been no other trading activity for a continuous period of one year.

The monthly inactivity charge of £10 (or its equivalent in another currency) will be deducted from a dormant account, usually within the first two (Paris) working days of the month, until either:

1. The account is closed by the client or Medallion Profits.
2. Trading activity recommences on the account.
3. The balance of the account is reduced to zero.

Once the balance of a dormant account has reduced to zero, we will not deduct further monthly inactivity charges from the dormant account. A dormant account will not incur a negative balance as a result of the deduction of the monthly inactivity charge.

If you decide to reactivate your dormant account by trading again, the inactivity charge for up to three previous months (up to a maximum of £30) where this has already been deducted will be refunded to your account.

The overnight holding rate used when calculating the applicable holding costs on FX comes from the tom-next rate, which is the difference between the two currencies’ interest rates, with an additional 0.0027% Medallion Profits charge added. Learn more about holding costs.

This depends on the information you provided in your application form. You are classified as a 'non-private investor' for market data purposes if you meet one or more of the following conditions:

• You are not a natural person (meaning that you are not an individual)
• You access and use the market data and similar information for a commercial purpose or as a principal, officer, partner, employee or agent of any business or in connection with the professional management of third-party assets and not solely in an individual and personal capacity for your own personal investment activities
• You are a financial institution or are registered with a securities agency, regulatory or self-regulatory body
• You are engaged in a financial service business and are employed as a financial adviser for the purposes of your agreement and trading activities with Medallion Profits
• You engage in the business of accessing or aggregating the market data or similar information and redistributing or otherwise furnishing that information to any third parties

If any of these apply to you and you subscribe to any market data price feeds for share CFDs, you will be charged the 'non-private investor' rate, which may be higher than the 'private investor' rate. Details of the charges can be found on the platform in the ‘market data’ section in ‘user preferences’.