Written into the contract. Identical for every client at the same level. Never adjusted privately.
Nothing reaches us from a supplier. Amounts are set out in your account agreement and are identical for every client at the same level.
We quote both. The private movement we would have run, and the alternative we recommend. You choose with both figures in front of you.
If you take the alternative, our fee is a published share of the difference. Capped. And nil if there is no saving.
It is the only structure in which your broker is paid more for spending less of your money.
An advance against future services. Not repaid in cash — it stays with you and with your family.
Every clause has to be readable aloud to the client without a second of discomfort. If it fails that test, it does not go in.
Fixed terms give up the margin that hides inside a quote. It only works if you are paid for readiness rather than volume.