1Summary of the Charging Model
| Question | Answer |
|---|---|
| Who sets the trading fee? | Binance or Bybit, as applicable. The respective provider’s published fee schedule, VIP tiers, promotions, and discounts apply to your account in accordance with the terms applicable to your trading activity. |
| Does FinzoPark add a charge to my trades? | No, unless a charge is expressly displayed to you before you confirm the Instruction. Any such charge is described in section 4. |
| How does FinzoPark make money? | Binance and/or Bybit may pay FinzoPark an agreed commission calculated by reference to transaction activity generated through the Platform, in accordance with the applicable partner agreements. |
| Does that commission increase what I pay? | No. Where applicable, the commission is paid to FinzoPark by Binance and/or Bybit in accordance with the applicable partner arrangements and does not add a separate charge to your trading cost. |
| Can FinzoPark rebate its commission to me? | No. The partner programme rules prohibit partners from offering commission rebates to users. Any offer of a rebate in FinzoPark’s name is not authorised. |
| Who charges withdrawal and network fees? | Binance and/or Bybit, as applicable, together with the underlying blockchain networks. FinzoPark receives none of the withdrawal or network fees charged by the respective provider or blockchain network. |
2Fees Charged by Binance or Bybit
- spot and, where applicable, other trading fees, on a maker and taker basis and subject to the applicable provider’s own VIP tier structure and any fee discounts;
- conversion and simplified buy/sell charges, including any spread embedded in a quoted price;
- fiat deposit and withdrawal charges, card processing charges and correspondent bank charges, where applicable;
- crypto-asset withdrawal charges and the underlying blockchain network fees;
- any funding, borrowing, financing or product-specific charge applicable to a product you use;
- any dormancy, administrative or investigation charge applied by Binance or Bybit under their respective Terms.
2.2Binance’s and Bybit’s respective fee schedules are published by the applicable provider and may change at any time in accordance with their respective Terms. You should consult the applicable fee schedule before trading. Fee figures displayed on the Platform may be sourced from Binance or Bybit for convenience; the applicable provider’s published fee schedule and account records are definitive.
2.3Your fee tier depends on your own activity, holdings, or other eligibility criteria as assessed by the applicable provider. Using the Platform does not by itself improve or worsen your Binance or Bybit fee tier.
3Remuneration Received by FinzoPark
3.1FinzoPark may receive an agreed commission from Binance and/or Bybit under the applicable partner arrangement, calculated by reference to transaction activity generated through the Platform. In substance, this may represent a share of eligible trading fees collected by the applicable provider from users introduced by, or trading through, the Platform. Under the applicable Binance partner arrangement, the commission is 30% of eligible Binance trading fees attributable to activity generated through the Platform, subject to the applicable terms of the Binance partner agreement. Any remuneration received from Bybit is subject to the applicable Bybit partner agreement and its commercial terms.
| Item | Detail |
|---|---|
| Payer | Binance and/or Bybit, as applicable, not the user |
| Basis | A percentage share of eligible trading fees generated by activity attributable to the Platform, as set out in the applicable partner agreement |
| Commission rate | For Binance, 30% of eligible Binance trading fees attributable to activity generated through the Platform, subject to the applicable Binance partner agreement. Any Bybit commission is subject to the applicable Bybit partner agreement. |
| Products covered | Eligible trading products and transaction activity covered by the applicable Binance or Bybit partner agreement |
| Payment frequency and currency | As specified in the applicable partner agreement between FinzoPark and Binance or Bybit |
| Effect on the user | None. The commission is paid by the applicable provider out of fees otherwise charged by that provider and does not add a separate charge to the user’s trading cost |
3.2No rebates or inducements.The applicable partner programme rules may restrict partners from offering commission rebates to users or soliciting existing users to open new accounts for the purpose of generating rebates. FinzoPark does not offer cashback, fee-sharing or rebates on its commission, and any communication claiming otherwise is fraudulent or unauthorised and should be reported to security@finzopark.org.
3.3FinzoPark may also receive from Binance and/or Bybit, as applicable, non-monetary support such as technical integration assistance, account management and co-marketing, subject to the applicable partner arrangements. Any material inducement is disclosed here.
4Charges Levied Directly by FinzoPark
4.1The core Platform – registration, interface access, order transmission, portfolio and analytics views and standard support – is provided at no charge to users.
4.2Where FinzoPark introduces an optional paid feature, subscription tier, or platform fee, the following apply without exception: the amount and basis are displayed before you incur the charge; you must affirmatively opt in; the charge is billed separately from any Binance or Bybit account fees; and the fee is listed in the table below before it takes effect.
| FinzoPark charge | Amount | Basis |
|---|---|---|
| None at the effective date of this document | – | – |
4.3As at the effective date of this document, FinzoPark levies no direct charge on users. Any future charge will be added to the table above and notified in accordance with section 7 before it takes effect.
4.4FinzoPark never accepts funds or crypto-assets from users for trading, deposit, custody or settlement. Any request purporting to require such a payment is fraudulent.
5Conflicts of Interest
5.1The conflict.Because our remuneration is calculated by reference to transaction activity, we earn more when users trade more and larger. Trading more frequently increases your costs and is not, in itself, in your interest.
- we provide execution and information services only, and give no advice, personal recommendation or suitability assessment;
- we do not operate incentive schemes, gamified prompts, streaks, leaderboards or notifications designed to induce unnecessary trading;
- our staff are not remunerated on the basis of individual users’ trading volumes;
- marketing and product copy must be fair, clear and not misleading, and is reviewed against this Policy before publication;
- risk warnings are presented prominently and are not conditional on trading activity;
- we disclose the commission arrangement here, in the Terms of Use and in the Risk Disclosure Statement.
5.3What this means for you.Treat any content on the Platform as information, not as a reason to trade. Trade on your own judgement, and consider independent advice.
6Third-Party and Pass-Through Costs
6.1Blockchain network fees, correspondent and intermediary bank charges, card scheme fees, and payment provider charges may be incurred through your Binance or Bybit account, as applicable, and are borne by you. FinzoPark receives no part of these charges.
6.2Currency conversion, where required, is performed by Binance, Bybit, or their respective payment partners, as applicable, at their applicable rates and spreads. You bear the exchange rate risk.
6.3Taxes arising from your activity are your sole responsibility. Platform reports are provided for convenience and are not tax statements.
7Changes
7.1Changes to Binance’s or Bybit’s fees are made by the respective provider under its applicable Terms and may take effect without notice from FinzoPark.
7.2Where FinzoPark introduces or increases a charge levied directly on users, we give not less than thirty (30) calendar days’ notice by email or Platform notification. Reductions and removals may take effect immediately.
7.3Material changes to the commission arrangements with Binance or Bybit are reflected in an updated version of this document.
8Worked Examples
| Scenario | What you pay | What FinzoPark receives |
|---|---|---|
| You buy USD 5,000 of BTC through the Platform, and Binance or Bybit charges you a taker fee of 0.10%, as applicable | USD 5.00, charged by the applicable provider | For Binance, USD 1.50, being 30% of that USD 5.00, paid to FinzoPark by Binance out of the fee it has already charged you. Any Bybit commission is subject to the applicable Bybit partner arrangement. |
| You withdraw BTC through your Binance or Bybit account | The applicable provider’s withdrawal charge plus any underlying blockchain network fee | Nothing |
| You deposit fiat through your Binance or Bybit account | The applicable provider’s deposit charge, if any | Nothing |
| You use the Platform to view your portfolio without trading | Nothing | Nothing |
8.1The figures above are illustrative. Your actual trading fee is set by Binance or Bybit, as applicable, and depends on the applicable provider’s fee tier, the market, the order type, and any discount or promotion applied to your account.
9Questions
9.1Questions about a charge on your Binance or Bybit account, including how a trading fee was calculated, must be raised with Binance or Bybit, as applicable, as the respective provider sets and applies the charge.
9.2Questions about this document, about any charge levied by FinzoPark, or about our commission arrangement should be sent to support@finzopark.org. If you believe a FinzoPark charge has been applied incorrectly, you may raise it under the Complaints Handling Policy.
End of Fee and Remuneration Disclosure.