The maintenance fee will only apply when the user does not make deposits during the quarter, that is to say, if the user deposits $100 USD monthly or if he/she deposits only $10 USD during the quarter, he/she will not have to pay the maintenance fee. (The amount to deposit is determined by each user, this is an example).
But, in the case in which during a quarter no deposit is received by the user, a commission of $5 USD will be applied.
Example:
Securities deposited in the Quarter
User / Month | April | May | June | Month of collection / July |
User 1 | $200,00 | $0,00 | $10,00 | $0,00 |
User 2 | $0,00 | $0,00 | $100,00 | $0,00 |
User 3 | $200,00 | $100,00 | $100,00 | $0,00 |
User 4 | $0,00 | $0,00 | $0,00 | $5,00 |
In this example user 4 would pay $5 USD for the maintenance of his account unlike the other users who only needed one or two deposits to be exempted from the fee.
This scheme applies as of March 18 2024.