Regulations

• External Regulations
• Internal Regulations
• Tariffs

• Trades with other non-standard derivatives and structured securities (in effect till 19.06.2025)

  0-5% of the trade volume

   

  Tariffs set in foreign currency are charged at the exchange rate announced by the Central Bank against the Armenian dram․ Tariffs include only standard fees of Agents of “APRICOT CAPITAL” CJSC (hereinafter – the Company) (unless otherwise specified in the Tariffs), while non-standard fees charged by the Company’s Agents for transactions (including bank transfers) are subject to compensation by the Client. Commission amounts are rounded to 1 digit after the decimal point in the case of AMD and to 2 digits in the case of foreign currency, however, depending on the characteristics of the Agent through which the Client’s instruction or order is executed, the rounding of the commission may be to the detriment of the Client. In the absence of the appropriate currency funds on the Client’s Brokerage or Custody account, the Company has the right to charge the commission in another currency, equivalent to the commission or convert the Client’s funds expressed in another currency (in the amount of commissions) for the purpose of charging the commission, except for the cases provided by RA legislation. In the above mentioned case, commission fees are charged at the exchange rate offered by commercial banks cooperating with the Company, which is most favorable for the Client. The basis for calculating the market value of securities is the data obtained from authoritative sources (for example, Bloomberg, Yahoo Finance e.t.c.), as well as the information provided by the Agents of the Company through which the custody of these securities is carried out. In the absence of the market value of depository receipts, the market value of the security underlying the depository receipt may also be taken as a basis. Depending on the Client’s business profile, the nature, volume and riskiness of the transactions made by him, by the decision of the Executive Director of the Company for the Client may be set tariffs different from the Tariffs mentioned in this decision, about which the Client is properly notified in advance. Tariffs do not include VAT and are subject to taxation in the cases specified by RA legislation.

• Table 1. Interest rates charged for loans provided by “Apricot Capital” CJSC for Margin transactions of Clients (in effect till 18.04.2025)

  Interest rates charged for loans provided by “APRICOT CAPITAL” CJSC for
  Margin transactions of Clients

  Currency	Percentage (Annual interest rate)
  GBP	8.75
  CAD	8.5
  EUR	8
  NZD	9
  JPY	3.6
  USD	9
  CHF	2.75
  AUD	7.35

  For the currencies mentioned in this Table, the Initial Margin rate for margin transactions is 5%, and the Minimum Margin rate is 4%.

• Old Tariffs (in effect till 13.02.2025)
• Old tariffs (in effect till 28.08.2024)
• Old tariffs (in effect till 17.07.2024)
• Table 1. Currency (in effect till 17.07.2024)
• Table 2. Overnight interest on CFDs (in effect till 17.07.2024)
• Table 3. Overnight interest rate for open positions with securities (in effect till 17.07.2024)
• Table 4. List of stocks and exchange-traded funds (ETFs) requiring 25% Initial and 20% Minimum Margin (in effect till 28.03.2025)

  List of stocks and exchange-traded funds (ETFs) requiring 25% Initial and 20% Minimum Margin

  Security	Long position		Short position
  	Initial margin	Minimum margin	Initial margin	Minimum margin
  Stocks & ETFs / NASDAQ: / AAPL: Apple	25%	20%	25%	20%
  ADBE: Adobe	25%	20%	25%	20%
  AMD: Advanced Micro Devices	25%	20%	25%	20%
  AMZN: Amazon.com	25%	20%	25%	20%
  AVGO: Broadcom	25%	20%	25%	20%
  Stocks & ETFs / NYSE: / BRKB: Berkshire Hathaway Class B	25%	20%	25%	20%
  COST: Costco Wholesale Corporation	25%	20%	25%	20%
  Stocks & ETFs / NYSE: / DIS: Walt Disney Company	25%	20%	25%	20%
  GOOGL: Alphabet	25%	20%	25%	20%
  GOOG: Alphabet	25%	20%	25%	20%
  Stocks & ETFs / NYSE: / KO: The Coca-Cola Company	25%	20%	25%	20%
  META: Meta Platforms	25%	20%	25%	20%
  MSFT: Microsoft Corporation	25%	20%	25%	20%
  NFLX: Netflix	25%	20%	25%	20%
  NVDA: NVIDIA	25%	20%	25%	20%
  PEP: Pepsico	25%	20%	25%	20%
  Stocks & ETFs / NYSE ARCA: / TMF: Direxion Daily 20+ Year Treasury Bull 3X Shares	25%	20%	25%	20%
  TQQQ: ProShares UltraPro QQQ	25%	20%	25%	20%
  TSLA: Tesla	25%	20%	25%	20%
  Stocks & ETFs / NYSE: / UNH: UnitedHealth Group	25%	20%	25%	20%
  Stocks & ETFs / NYSE: / WMT: Walmart	25%	20%	25%	20%
  Stocks & ETFs / NYSE ARCA: / NVDY: YieldMax NVDA Option Income Strategy ETF	25%	20%	25%	20%
  Stocks & ETFs / NYSE ARCA: / AMDY: YieldMax AMD Option Income Strategy ETF	25%	20%	25%	20%
  Stocks & ETFs / NYSE ARCA: / CONY: YieldMax COIN Option Income Strategy ETF	25%	20%	25%	20%

• Table 4. Tariffs of trades with Futures (in effect till 17.07.2024)